The determinants of corporate sustainability performance

Accounting and Finance

Volumn 50, Issue 1, 2010, Pages 31-51

  Artiach, Tracy ^a   Lee, Darren ^a   Nelson, David ^b   Walker, Julie ^a  

^a UNIVERSITY OF QUEENSLAND   (Australia)

^b ABN AMRO Morgans Limited   (Australia)

Author keywords

Corporate sustainability; Dow Jones Sustainability Index; Stakeholder Theory

Indexed keywords

EID: 77950250940     PISSN: 08105391     EISSN: 1467629X     Source Type: Journal    
DOI: 10.1111/j.1467-629X.2009.00315.x     Document Type: Article

References (30)

1. Alexander G J, Buchholz R A. Corporate social responsibility and stock market performance. Academy of Management Journal 1978, 21(3):479-485.
2. Al-Tuwaiji S A, Christensen T E, Hughes K E. The relations among environmental disclosure, environmental performance, and economic performance: a simultaneous equations approach. Accounting, Organizations and Society 2004, 29(56):447-471.
3. Corporate Governance Principles and Recommendations 2007, http://www.asx.com.au, 2nd Edition, , August 2007. Available: (date accessed: 7/10/07
4. Aupperle K E, Carroll A B, Hatfield J D. An empirical examination of the relationship between corporate social responsibility and profitability. Academy of Management Journal 1985, 28(2):446-463.
5. Bansal P, Roth K. Why companies go green: a model of ecological responsiveness. Academy of Management Journal 2000, 43(4):717-736.
6. Barnett M L. Stakeholder influence capacity and the variability of financial returns to corporate social responsibility, Academy of Management Review. 2005, http://www.ssrn.com/abstract=853086, Working paper. Available: (date accessed: 10 July 2006
7. Becchetti L, Di Giacomo S, Pinnacchio D. Corporate social responsibility and corporate performance: evidence from a panel of U.S. listed companies, Working paper, (CEIS). 2005, http://www.ssrn.com/abstract=871402, Available: (date accessed: 8 July 2006
8. Beleo S, Scherer J, Knoepfel I. Values for money: reviewing the quality of SRI research. 2004, 1st edn, SustainAbility, London
9. Clarkson P, Li Y, Richardson G D, Vasvari F P. Does it really pay to be green? Determinants and consequences of proactive environmental strategies. 2006, http://www.cifo.uqam.ca/publications/pdf/paper.pdf, Working paper. Available: (date accessed: 25 June 2006
10. Cochran P L, Wood R A. Corporate social responsibility and financial performance. Academy of Management Journal 1984, 27(1):42-56.
11. Dixon W J. Simplified estimation for censored normal samples. The Annals of Mathematical Statistics 1960, 31:385-391.
12. Assessment. 2006, http://www.sustainability-index.com, Available: (date accessed: 1 August 2006)
13. Freeman R E. Strategic Management: A Stakeholder Approach 1984, Pitman, Boston, MA
14. Greene W H. Econometric Analysis 2003, Prentice Hall, Upper Saddle River, NJ
15. Gujarati D N. Basic Econometrics 1995, 3rd edn, McGraw-Hill, Singapore
16. Herremans I M, Akathaporn P, McInnes M. An investigation of corporate social responsibility reputation and economic performance. Accounting, Organizations and Society 1993, 18(7/8):587-604.
17. Lee D D. An Analysis of the Sustainability Investment Strategy Employing the Dow Jones World Sustainability Index 2006, PhD Monash University, Clayton
18. McGuire J B, Sundgren A, Schneeweis T. Corporate social responsibility and firm financial performance. Academy of Management Journal 1988, 31(4):854-872.
19. McWilliams A, Siegel D. Corporate social responsibility and financial performance: correlation or misspecification? Strategic Management Journal 2000, 21:603-609.
20. Nikolaev V, van Lent L. The endogeneity bias in the relation between cost-of-debt capital and corporate disclosure policy. 2005, Working paper (Tilburg University
21. Pava M L, Krausz J. The association between corporate social-responsibility and financial performance: the paradox of social cost. Journal of Business Ethics 1996, 15(3):321-357.
22. Porter M, Kramer M. The link between competitive advantage and corporate social responsibility. Harvard Business Review 2006, 1-14 December
23. 1987, http://www.worldinbalance.net/agreements/1987-brundtland.html, Available: (date accessed: 18 September 2008
24. Roberts R W. Determinants of corporate social responsibility disclosure: an application of stakeholder theory. Accounting, Organizations and Society 1992, 17(6):595-612.
25. Report on socially responsible investing trends in the United States, Social Investment Forum. 2007, http://www.socialinvest.org, Available: (date accessed: 30/04/08
26. Statman M. Socially responsible mutual funds. Financial Analysts Journal 2000, 56(3):30-39.
27. Tirole J. Corporate governance. Econometrica 2001, 69(1):1-35.
28. Ullmann A A. Data in search of a theory: a critical examination of the relationships among social performance, social disclosure, and economic performance of U.S. firms. Academy of Management Review 1985, 10(3):540-557.
29. Waddock S A, Graves S B. The corporate social performance - financial performance link. Strategic Management Journal 1997, 18(4):303-319.
30. Wooldridge J M. Econometric Analysis of Cross Section and Panel Data 2002, MIT Press, Cambridge, MA