TY  - CHAP
AB  - Abstract The purpose of this literature review is to reorient empirical research on the causal links between corporate ecological sustainability (CES) and corporate financial performance (CFP). Toward this end, we summarize the findings of four meta-analyses (conducted between 2012 and 2016), which indicate that there is, on average, a small positive association between CES and CFP. In addition, these empirical associations seem to be contingent on the firm’s strategic approach with regard to ecological sustainability (e.g., proactive vs reactive approach) and on the operationalization of both constructs. We conclude that future research may benefit from an even more explicit, analytic shift to the circumstances under which it pays for firms to go green. The main research limitations we point out are model misspecifications, endogeneity, and problems in the measurement of both CES and CFP.
VL  - 2
SN  - 978-1-78754-260-0, 978-1-78754-259-4/2514-1759
DO  - 10.1108/S2514-175920180000002009
UR  - https://doi.org/10.1108/S2514-175920180000002009
AU  - Guenther Edeltraud
AU  - Busch Timo
AU  - Endrikat Jan
AU  - Guenther Thomas
AU  - Orlitzky Marc
PY  - 2018
Y1  - 2018/01/01
TI  - What We Know about the Economic Payoffs of Corporate Ecological Sustainability
T2  - Corporate Social Responsibility
T3  - Business and Society 360
PB  - Emerald Publishing Limited
SP  - 325
EP  - 352
Y2  - 2024/04/25
ER  -