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Corporate sustainability and sustainable growth: The role of industry sensitivity

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  • Sanoran, Kanyarat (Lek)

Abstract

This study investigates whether companies listed as sustainable appear to achieve more sustainable growth than those not listed as such. The moderating influences of the firm's industry profile is considered to examine how corporate sustainability affects firm sustainable growth in different industries. According to the findings, corporate sustainability significantly results in favorable sustainable growth for companies operating in Industrials and Property & Construction, but not for firms operating in Agro & Food Industry, Resources, Services, and Technology sectors. This paper emphasizes the role of industry sensitivity in the association between corporate sustainability and sustainable growth.

Suggested Citation

  • Sanoran, Kanyarat (Lek), 2023. "Corporate sustainability and sustainable growth: The role of industry sensitivity," Finance Research Letters, Elsevier, vol. 53(C).
    • Handle: RePEc:eee:finlet:v:53:y:2023:i:c:s1544612322007723
    DOI: 10.1016/j.frl.2022.103596
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    References listed on IDEAS

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    Cited by:

    1. Ju, Chunhua & Liu, Huajin & Xu, Aidi & Zhang, Jie, 2023. "Green logistics of fossil fuels and E-commerce: Implications for sustainable economic development," Resources Policy, Elsevier, vol. 85(PB).
    2. Zhihua Zhao & Zhenjiang Xing, 2024. "Corporate management, green finance, and sustainability," Palgrave Communications, Palgrave Macmillan, vol. 11(1), pages 1-8, December.
    3. Anouar Hallioui & Brahim Herrou & Polinpapilinho F. Katina & Ricardo S. Santos & Ona Egbue & Małgorzata Jasiulewicz-Kaczmarek & Jose Miguel Soares & Pedro Carmona Marques, 2023. "A Review of Sustainable Total Productive Maintenance (STPM)," Sustainability, MDPI, vol. 15(16), pages 1-30, August.

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    More about this item

    Keywords

    Corporate sustainability; Sustainable growth; Industry sensitivity;
    All these keywords.

    JEL classification:

    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility
    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth

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