作者
Olaf Weber
发表日期
2014/1/2
来源
Journal of Sustainable Finance & Investment
卷号
4
期号
1
页码范围
1-8
出版商
Taylor & Francis
简介
CSR and other management theories, such as the stakeholder theory, or the resource-based view explain how and why corporations adopt sustainability. In the management theory, successful, firstand-foremost, means a financial benefit for the business that adopts the strategy. This is valid for the financial sector as well. Many studies describe the benefit of integrating environmental and sustainability indicators into credit risk management (Bauer and Hann 2010; Goss and Roberts 2011; Nkurunziza 2012; Weber 2012; Weber, Scholz, and Michalik 2010). Another set of studies analyzes the influence of sustainable, socially responsible, or responsible investment on financial returns (Bello 2005; Chegut, Schenk, and Scholtens 2011; Kempf and Osthoff 2007; Weber, Mansfeld, and Schirrmann 2010). But none of these studies analyze whether these activities have any impact on and how they are related to sustainable …
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