Signaling Sustainability Leadership: Empirical Evidence of the Value of DJSI Membership

By Michael J. Robinson, Anne Kleffner, Stephanie Bertels. 2011

261 citations recorded by the source corpus.

Subfields: Marketing, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/5037166746718178616ade186c91e9aaa8f5edd3

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Citations in the corpus

The Value Relevance of Reputation for Sustainability Leadership (2014, methodology): “DJSI depends on how it affects value (Robinson et al. 2011).”
The Value Relevance of Environmental, Social, and Governance Performance: The Brazilian Case (2018, background): “However, the potential benefit to a shareholder of the company in which it invests carrying out CSR activities depends on how that information affects the stock market value of the shares [14].”
Sustainability management beyond organizational boundaries–sustainable supplier relationship management in the chemical industry (2013, background): “A recent study argues that the initial listing leads to sustained abnormal returns of a company’s stock price and hence offsets the costs associated with the application (Robinson et al., 2011).”
Sustainable Bonuses: Sign of Corporate Responsibility or Window Dressing? (2014, background): “More recently, Robinson et al. (2011) provide evidence that being added to being included on the index outweigh the costs associated with complying with the ranking criteria.”
Corporate social responsibility disclosure and market valuation: evidence from Spanish listed firms (2014, background): “…predictible earnings and lower risk for investors (…) It is associated with better market’s ability to anticipate future earnings change (Hussainey and Salama 2010) and can increase the value of a firm’s future cash flows and/or reduce the variability of its cash flows (Robinson et al. 2011)’’.”
Taste, information, and asset prices: implications for the valuation of CSR (2016, unknown): “Robinson et al. (2011) and Hawn et al. (2014) show that the addition of a firm to the Dow Jones Sustainability Index is associated with positive abnormal returns, consistent with increased investor demand for shares of firms with positive and visible CSR indicators.”
Science Mapping of the Knowledge Base on Sustainable Leadership, 1990–2018 (2018, background): “Thus, as noted in this review, scholars have approached sustainable leadership from the perspective of responsible leadership [14,17,31,49,51], environmental leadership [15,18], and change leadership [21,22,28,46,88].”
How Does the Market Value Corporate Sustainability Performance? (2011, unknown): “An increasing number of studies on the relation between CSP and firm performance considers DJSI as a proxy for CSP (Lo and Sheu 2007; López et al. 2007; Consolandi et al. 2009; Cheung 2011; Robinson et al. 2011; Ziegler and Schröder 2010).”