haku: @freeterm market value / yhteensä: 6
viite: 3 / 6
Tekijä: | Lo, S-F. Sheu, H-J. |
Otsikko: | Is corporate sustainability a value-increasing strategy for business? |
Lehti: | Corporate governance
2007 : MAR, VOL. 15:2, p. 345-358 |
Asiasana: | corporate responsibility social responsibility corporate governance strategy companies USA |
Vapaa asiasana: | corporate sustainability market value |
Kieli: | eng |
Tiivistelmä: | Using large U.S. non-financial firms from 1999 to 2002, this paper examines whether corporate sustainability (henceforth as: corp-sust.) has an impact on market value. Taking Tobin's 'q' as the proxy for firm value, there is found a significantly positive relation btw. corp-sust. and its market value. There is also found a strong interaction effect btw. corp-sust. and sales growth on firm value. In addition, there is evidence to support that being sustainable causes a firm to increase its value. |
SCIMA