We examine the relationship between corporate governance and sustainability, using the extensive Bloomberg Environmental, Social and Governance (ESG) data universe. Eccles, Ioannou, and Serafeim [2012. <italic>The Impact of a Corporate Culture of Sustainability on Corporate Behavior and Performance</italic>....

Management scholars have sought to answer the question: is there a financial payoff for ad-dressing ecological and social issues? We move beyond this question and include a time com-ponent for corporate financial performance (CFP) and a firm’s innovativeness in order to ask: when does it pay?...

Certain types of corporate social responsibility (CSR) activities can generate an ‘insurance-like’ benefit for firms (Godfrey, 2005). Thus far, this risk management hypothesis has been verified for the effects of firm-specific negative events. We argue that this insurance-like benefit of...

In jedem Unternehmen gibt es Potenziale, um die eigene wirtschaftliche Position zu verbessern und sich gegen zukünftige Krisen abzusichern. Technische, organisatorische oder soziale Innovationen sind der Schlüssel zur dauerhaften Sicherung ihrer Wettbewerbsposition. Diese Broschüre soll...

Sustainable investments cannot focus on profit maximization alone, they also have to contribute to the future of mankind in terms of ecological and social-cultural challenges. How to apply this definition for financial investments is a broadly discussed topic for asset-managers with regard to...

Despite increasing pressure to deal with climate change, firms have been slow to respond with effective action. This paper derives a multi-level framework for a better understanding of why many firms are failing to reduce their absolute greenhouse gas emissions that contribute to climate change....