Sustainability Matter and Financial Performance of Companies

The relationship between social and environmental performance and financial performance in companies has been a subject widely debated in the literature but the results obtained to date are not conclusive. This research employs the fuzzy-set qualitative comparative analysis (fsQCA) and offers new ev...

Descripción completa

Detalles Bibliográficos
Autores: Lassala, Carlos, Apetrei Kalveram, Andreea, Sapena Bolufer, Juan
Tipo de recurso: artículo
Fecha de publicación:2017
País:España
Institución:Universidad Católica de Valencia San Vicente Mártir
Repositorio:RIUCV. Repositorio de la Universidad Católica de Valencia San Vicente Mártir
Idioma:inglés
OAI Identifier:oai:riucv.ucv.es:20.500.12466/6893
Acceso en línea:https://hdl.handle.net/20.500.12466/6893
Access Level:acceso abierto
Palabra clave:fsQCA
Financial performance
Sustainability
Social and environmental performance
FTSE4Good IBEX
53 Ciencias Económicas
id ES_d62de7d09ccd8db5d18ad2d9b6f5c2a2
oai_identifier_str oai:riucv.ucv.es:20.500.12466/6893
network_acronym_str ES
network_name_str España
repository_id_str
spelling Sustainability Matter and Financial Performance of CompaniesLassala, CarlosApetrei Kalveram, AndreeaSapena Bolufer, JuanfsQCAFinancial performanceSustainabilitySocial and environmental performanceFTSE4Good IBEX53 Ciencias EconómicasThe relationship between social and environmental performance and financial performance in companies has been a subject widely debated in the literature but the results obtained to date are not conclusive. This research employs the fuzzy-set qualitative comparative analysis (fsQCA) and offers new evidence on the relationship between both types of performance in a sample of companies listed in the Spanish capital market. Financial performance is measured by the return on equity (ROE) ratio, variable that is widely used in Finance and Accounting related research. The corporate performance of the company is measured by its inclusion or not in the sustainability index used as reference for the Spanish capital market, the FTSEGood4 IBEX. The model also incorporates other business variables that might affect the relationships between both types of performance, such as return on assets (ROA) ratio, company size, debt ratio, and industry. The results suggest that, for specific industries, return on assets is a necessary condition for companies with leverage to reduce the cost of debt due to their sustainability profile and consequently boost their ROE.20252025-10-3020172017-01-0120172017-01-0120252025-10-24journal articlehttp://purl.org/coar/resource_type/c_6501VoRhttp://purl.org/coar/version/c_970fb48d4fbd8a85info:eu-repo/semantics/articleapplication/pdfhttps://hdl.handle.net/20.500.12466/6893reponame:RIUCV. Repositorio de la Universidad Católica de Valencia San Vicente Mártirinstname:Universidad Católica de Valencia San Vicente MártirInglésengopen accesshttp://purl.org/coar/access_right/c_abf2Attribution 4.0 Internationalhttp://creativecommons.org/licenses/by/4.0/info:eu-repo/semantics/openAccessoai:riucv.ucv.es:20.500.12466/68932026-06-19T08:32:07Z
dc.title.none.fl_str_mv Sustainability Matter and Financial Performance of Companies
title Sustainability Matter and Financial Performance of Companies
spellingShingle Sustainability Matter and Financial Performance of Companies
Lassala, Carlos
fsQCA
Financial performance
Sustainability
Social and environmental performance
FTSE4Good IBEX
53 Ciencias Económicas
title_short Sustainability Matter and Financial Performance of Companies
title_full Sustainability Matter and Financial Performance of Companies
title_fullStr Sustainability Matter and Financial Performance of Companies
title_full_unstemmed Sustainability Matter and Financial Performance of Companies
title_sort Sustainability Matter and Financial Performance of Companies
dc.creator.none.fl_str_mv Lassala, Carlos
Apetrei Kalveram, Andreea
Sapena Bolufer, Juan
author Lassala, Carlos
author_facet Lassala, Carlos
Apetrei Kalveram, Andreea
Sapena Bolufer, Juan
author_role author
author2 Apetrei Kalveram, Andreea
Sapena Bolufer, Juan
author2_role author
author
dc.contributor.none.fl_str_mv
dc.subject.none.fl_str_mv fsQCA
Financial performance
Sustainability
Social and environmental performance
FTSE4Good IBEX
53 Ciencias Económicas
topic fsQCA
Financial performance
Sustainability
Social and environmental performance
FTSE4Good IBEX
53 Ciencias Económicas
description The relationship between social and environmental performance and financial performance in companies has been a subject widely debated in the literature but the results obtained to date are not conclusive. This research employs the fuzzy-set qualitative comparative analysis (fsQCA) and offers new evidence on the relationship between both types of performance in a sample of companies listed in the Spanish capital market. Financial performance is measured by the return on equity (ROE) ratio, variable that is widely used in Finance and Accounting related research. The corporate performance of the company is measured by its inclusion or not in the sustainability index used as reference for the Spanish capital market, the FTSEGood4 IBEX. The model also incorporates other business variables that might affect the relationships between both types of performance, such as return on assets (ROA) ratio, company size, debt ratio, and industry. The results suggest that, for specific industries, return on assets is a necessary condition for companies with leverage to reduce the cost of debt due to their sustainability profile and consequently boost their ROE.
publishDate 2017
dc.date.none.fl_str_mv 2017
2017-01-01
2017
2017-01-01
2025
2025-10-30
2025
2025-10-24
dc.type.none.fl_str_mv journal article
http://purl.org/coar/resource_type/c_6501
VoR
http://purl.org/coar/version/c_970fb48d4fbd8a85
dc.type.openaire.fl_str_mv info:eu-repo/semantics/article
format article
dc.identifier.none.fl_str_mv https://hdl.handle.net/20.500.12466/6893
url https://hdl.handle.net/20.500.12466/6893
dc.language.none.fl_str_mv Inglés
eng
language_invalid_str_mv Inglés
language eng
dc.rights.none.fl_str_mv open access
http://purl.org/coar/access_right/c_abf2
Attribution 4.0 International
http://creativecommons.org/licenses/by/4.0/
dc.rights.openaire.fl_str_mv info:eu-repo/semantics/openAccess
rights_invalid_str_mv open access
http://purl.org/coar/access_right/c_abf2
Attribution 4.0 International
http://creativecommons.org/licenses/by/4.0/
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.source.none.fl_str_mv reponame:RIUCV. Repositorio de la Universidad Católica de Valencia San Vicente Mártir
instname:Universidad Católica de Valencia San Vicente Mártir
instname_str Universidad Católica de Valencia San Vicente Mártir
reponame_str RIUCV. Repositorio de la Universidad Católica de Valencia San Vicente Mártir
collection RIUCV. Repositorio de la Universidad Católica de Valencia San Vicente Mártir
repository.name.fl_str_mv
repository.mail.fl_str_mv
_version_ 1869420814281998336
score 15,81155

Similares en LA Referencia