The Relationship between Accounting and Market Measures of Firm Financial Performance: How Strong Is It?

By R. Gentry, Wei Shen. 2010

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ESG controversies and controversial ESG: about silent saints and small sinners (2020, methodology): “…perspective is especially suitable for an analysis from an investor’s perspective as these methods better reflect the investors’ perception of the impact of CSR on the future value of the company (see, i.e., Hillman and Keim 2001; Gentry and Shen 2010; Pintekova and Kukacka 2019).”
Sustainability Matter and Financial Performance of Companies (2017, background): “Both types of financial performance measures reflect different dimensions of FP, short-term profitability for accounting-based measures and future or long-term profitability for market-based measures [70].”
When Does It Pay to be Good? Moderators and Mediators in the Corporate Sustainability–Corporate Financial Performance Relationship: A Critical Review (2017, background): “This assessment is further reinforced by the fact that, as elaborated above, shortterm, backward looking performance represents a different aspect of performance as opposed to long-term, forward looking performance (Gentry and Shen 2010).”
The Impact of Corporate Social Responsibility Disclosure on Financial Performance: Evidence from the GCC Islamic Banking Sector (2018, background): “On the other hand, market-based measures capture future or long-term ﬁnancial performance (Gentry and Shen 2010, p. 514).”