haku: @freeterm CSR / yhteensä: 200
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Tekijä:Robinson, M.
Kleffner, A.
Bertels, S.
Otsikko:Signaling sustainability leadership: empirical evidence of the value of DJSI membership
Lehti:Journal of Business Ethics
2011 : JUL I, VOL. 101:3, p. 493-505
Asiasana:corporate responsibility
social responsibility
sustainable development
leadership
financial performance
reputation
Vapaa asiasana:CSR
Kieli:eng
Tiivistelmä:This article explores both the short-term and the intermediary impact on North American firms of being included or removed from the Dow Jones Sustainability World Index (DJSI). The results provide evidence that being added to the DJSI results in a sustained increase in a firm's share price, suggesting that the benefits of being included on the DJSI outweigh the costs associated with applying. There is also noted a temporary decrease in the value of firms for the first 10 days after their removal from the DJSI. Yet, this effect is eliminated within the next 10 trading days.
SCIMA tietueen numero: 276649
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