| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w17950 |
| 来源ID | Working Paper 17950 |
| The Impact of Corporate Sustainability on Organizational Processes and Performance | |
| Robert G. Eccles; Ioannis Ioannou; George Serafeim | |
| 发表日期 | 2012-03-29 |
| 出版年 | 2012 |
| 语种 | 英语 |
| 摘要 | We investigate the effect of corporate sustainability on organizational processes and performance. Using a matched sample of 180 US companies, we find that corporations that voluntarily adopted sustainability policies by 1993 - termed as High Sustainability companies - exhibit by 2009 distinct organizational processes compared to a matched sample of companies that adopted almost none of these policies - termed as Low Sustainability companies. The boards of directors of High Sustainability companies are more likely to be formally responsible for sustainability and top executive compensation incentives are more likely to be a function of sustainability metrics. High Sustainability companies are more likely to have established processes for stakeholder engagement, to be more long-term oriented, and to exhibit higher measurement and disclosure of nonfinancial information. Finally, High Sustainability companies significantly outperform their counterparts over the long-term, both in terms of stock market and accounting performance. |
| 主题 | Financial Economics ; Corporate Finance ; Other ; Accounting, Marketing, and Personnel |
| URL | https://www.nber.org/papers/w17950 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/575626 |
| 推荐引用方式 GB/T 7714 | Robert G. Eccles,Ioannis Ioannou,George Serafeim. The Impact of Corporate Sustainability on Organizational Processes and Performance. 2012. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w17950.pdf（333KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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