Corporate sustainability performance and corporate financial performance UK evidence

Shen, Yaokan. (2009). Corporate sustainability performance and corporate financial performance UK evidence Honours Thesis, School of Business, University of Queensland.

       
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Author Shen, Yaokan.
Thesis Title Corporate sustainability performance and corporate financial performance UK evidence
School, Centre or Institute School of Business
Institution University of Queensland
Publication date 2009
Thesis type Honours Thesis
Total pages 98
Language eng
Subjects 14 Economics
Formatted abstract Sustainability is an issue that is becoming increasingly important to governments, regulators, corporations and the general public. One critical question that has been examined in the literature is the impact a firm's investment in sustainability-related factors has on its market-based performance. Prior studies have found mixed results from different regional and time period settings. Using a unique dataset, this thesis extends the literature by offering up to date evidence on the effect of sustainability on the stock returns of a sample of firms in the UK. It is found that corporate sustainability performance (CSP) has no significant impact on a firm's market-based performance. Additionally, CSP does not appear to impact a film's systematic or non-systematic risk. However, a strong positive relation between CSP and firm size is found.

 
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Created: Wed, 24 Nov 2010, 15:13:39 EST by Ning Jing on behalf of The University of Queensland Library