Corporate sustainability and financial performance: black women’s political power in the United States

Kostopoulos, Konstantinos, Syrigos, Evangelos d. and Papagiannakis, Giorgos (2012) Corporate sustainability and financial performance: black women’s political power in the United States. Academy of Management Proceedings, 2012 (1), 12872. (doi:10.5465/AMBPP.2012.12872abstract).

Record type: Article

Abstract

This study conceptualizes corporate sustainability (CS) as a set of interdependent environmental, social, and economic practices, and examines its effect on firms’ financial performance. A content analysis on the annual reports of a sample of 72 “Fortune Global 500” firms across four years show that environmental and economic dimensions of CS contribute directly to financial performance, while all three dimensions have corresponding complementarity effects. The results also point to the role of time in amplifying these complementarity effects. Our findings reveal the multidimensional nature of CS, and they help to better understand the relationship between corporate sustainability and financial performance over time.

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