How Does the Market Value Corporate Sustainability Performance?

By I. Lourenço, Manuel Castelo Branco, José Dias Curto, Teresa Eugénio. Journal of Business Ethics, 2011

315 citations recorded by the source corpus.

Subfields: Marketing, Organizational Behavior and Human Resource Management, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/a0a9ba881952af234f523b05f6593302a00cc3be

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Citations in the corpus

Market valuation of greenhouse gas emissions under a mandatory reporting regime: Evidence from the UK (2017, background): “…that the earnings valuation coefficient of loss-making firms is significantly lower than that of profit-making firms. n addition, similar to Lourenç o et al. (2012), profitability (as proxied by the variable ROE) is found to be positively associated ith PR; similar to Lins (2003), the leverage…”
The Value Relevance of Reputation for Sustainability Leadership (2014, background): “Studies analysing whether investors assign value relevance to CS in its various dimensions (Lourenço et al. 2012; Semenova et al. 2010) or the reporting thereof (Berthelot et al. 2012; Carnevale et al. 2012; Schadewitz and Niskala 2010) are fewer and more recent.”
The Interplay between Working Capital Management and a Firm’s Financial Performance across the Corporate Life Cycle (2020, background): “In recent years, corporate sustainability (CS) has become ever more imperative for businesses as both shareholders and stakeholders are turning their focus towards critical role of sustainable corporate finance [1].”
The Impact of Sustainability Practices on Corporate Financial Performance: Literature Trends and Future Research Potential (2018, background): “Corporate sustainability has gained a lot of attention in recent years, as companies, investors, and consumers alike are turning their attention towards increasingly critical corporate sustainability [1,2].”
Corporate Governance and Corporate Social Responsibility Disclosure: Evidence from the US Banking Sector (2013, unknown): “Extensive prior research suggests that CSR reporting can impact positively on stakeholders’ perceptions of ﬁrm performance, ﬁrm value and ﬁrm risk, and thereby on ﬁrms’ proﬁtability, cost of capital and share price (Gray et al. 1995b; Simpson and Kohers 2002; Scholtens 2008; Godfrey et al. 2009; Sal”
CSR, Innovation, and Firm Performance in Sluggish Growth Contexts: A Firm-Level Empirical Analysis (2015, background): “…model’’ (Gössling 2011), firms implementing CSR are more profitable (all else being equal) due to external factors, such as their better reputation (Lourenço et al. 2012), gains in legitimacy, and more market flexibility (‘‘license to operate’’), as well as internal factors such as human…”
The Value Relevance of Environmental, Social, and Governance Performance: The Brazilian Case (2018, background): “Second, most studies have used as their corporate sustainability indicators the publication of sustainability reports [15–19] or the inclusion of the company in a socially responsible index [13,18,20,21].”
Corporate social responsibility disclosure and market valuation: evidence from Spanish listed firms (2014, background): “More recently, Lourenço et al. (2012) shows that CSR performance has significant explanatory power for stock prices over the traditional summary accounting measures such as earnings and book value of equity.”