企业可持续性及其一致性对企业财务绩效的作用:加拿大证据†

IF 1.6 Q3 BUSINESS, FINANCE
Kobana Abukari, Alhassan Musah, Abdelouahid Assaidi
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引用次数: 4

摘要

本文调查了加拿大公司可持续发展的影响和公司可持续发展努力的一致性对公司财务绩效的影响。利用2007-2017年期间266家加拿大公司的数据,我们发现企业可持续发展绩效与公司财务绩效之间存在显著的正相关关系。此外,我们发现,在可持续发展方面表现一贯良好的公司(即,一贯的执行者)与不一致的执行者相比,取得了更好的财务业绩。因此,我们的研究结果表明,企业可持续发展绩效和可持续发展绩效的一致性不仅提供净效益,而且对财务绩效产生显著的积极影响,这意味着企业可持续发展不仅有助于满足当前和未来几代人的需求,而且对企业的底线也有积极的影响。综上所述,我们的研究结果表明,企业可持续发展不仅对企业绩效有积极影响,而且通过对企业可持续发展的承诺而不是“象征性”的方法,可以实现更好的财务绩效。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
The Role of Corporate Sustainability and Its Consistency on Firm Financial Performance: Canadian Evidence*

This paper investigates the impact of corporate sustainability and the consistency of corporate sustainability efforts on firm financial performance in Canada. Using data on 266 Canadian companies over the 2007–2017 period, we find a significantly positive association between corporate sustainability performance and firm financial performance. In addition, we find that companies that perform consistently well on sustainability (i.e., consistent performers) achieve better financial performance compared to inconsistent performers. Thus, far from their being net costs/expenses, our results indicate that corporate sustainability performance and consistency in sustainability performance both provide net benefits and significantly impact financial performance positively, implying that corporate sustainability not only helps address the needs of the current and future generations but also has a positive effect on the corporate bottom line. Taken together, our results suggest that not only does corporate sustainability have a positive effect on firm performance, but better financial performance may be achieved through a committed—rather than a “tokenism”—approach to corporate sustainability.

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来源期刊
Accounting Perspectives
Accounting Perspectives BUSINESS, FINANCE-
CiteScore
2.60
自引率
0.00%
发文量
30
期刊介绍: Accounting Perspectives provides a forum for peer-reviewed applied research, analysis, synthesis and commentary on issues of interest to academics, practitioners, financial analysts, financial executives, regulators, accounting policy makers and accounting students. Articles are sought from academics and practitioners that address relevant issues in any and all areas of accounting and related fields, including financial accounting and reporting, auditing and other assurance services, management accounting and performance measurement, information systems and related technologies, tax policy and practice, professional ethics, accounting education, and related topics. Without limiting the generality of the foregoing.
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