Details

Autor(en) / Beteiligte

• Pham, Duc Cuong
• Do, Thi Ngoc Anh
• Doan, Thanh Nga
• Nguyen, Thi Xuan Hong
• Pham, Thi Kim Yen
• Tan, Albert W. K.

Titel

The impact of sustainability practices on financial performance: Empirical evidence from Sweden

Ist Teil von

• Cogent business & management, 2021, Vol.8 (1), p.1-19

Ort / Verlag

Abingdon: Taylor & Francis

Erscheinungsjahr

2021

Quelle

EBSCOhost Business Source Ultimate

Beschreibungen/Notizen

• This study aims at empirically exploring the influence of sustainability practices on the finan cial performance of 116 listed Swedish companies in the year 2019. The research findings indicate a positive relationship between corporate sustainability and financial performance that is measured by earnings yield, return on asset, return on equity and return on capital employed. However, when it comes to a market-based financial measure, Tobin's Q, the result is inconclusive. Finally, to improve financial performance, firms are recommended to e ngaging in Dow Jones Sustainability Index, prepare their sustainability report in accordance with Global Reporting Initiative (GRI) Standards, improve their sustainable growth rate, as well as keep a high position in the corporate social responsibility ranking.