Evaluation of strategic and financial variables of corporate sustainability and ESG policies on corporate finance performance

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dc.contributor.authorWeston, Piers
dc.contributor.authorNnadi, Matthias
dc.date.accessioned2021-03-26T16:09:58Z
dc.date.available2021-03-26T16:09:58Z
dc.date.issued2021-02-16
dc.description.abstractOver the past few decades, there has been a sharp increase in interest by investment professionals to become more socially responsible with regards to their decision making relating to their choice of investments and overall make-up of their portfolios. This paper conducts various tests to establish a link between Corporate Social Responsibility (CSR) and Corporate Financial Performance (CFP). This paper adds a strategic management element by establishing various frameworks that corporations can include in the decision-making process and includes CSR and Environmental, Social and Governance (ESG) principles when making investment decisions. The sample chosen for this paper includes the iShares MSCI KLD 400 Social exchange traded fund (ETF), iShares Core S&P 500 ETF as well as firms that follow the Principles for Responsible Investing (PRI). Overall, there is no evidence to suggest that ethical ETFs outperform conventional ETF's however PRI following firms outperform those who do not follow the guidelines.en_UK
dc.identifier.citationWeston P, Nnadi M. (2023) Evaluation of strategic and financial variables of corporate sustainability and ESG policies on corporate finance performance. Journal of Sustainable Finance & Investment, Volume 13, Issue 2, 2023, pp. 1058-1074en_UK
dc.identifier.issn2043-0795
dc.identifier.urihttps://doi.org/10.1080/20430795.2021.1883984
dc.identifier.urihttp://dspace.lib.cranfield.ac.uk/handle/1826/16513
dc.language.isoenen_UK
dc.publisherTaylor and Francisen_UK
dc.rightsAttribution-NonCommercial-NoDerivatives 4.0 International*
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/4.0/*
dc.subjectPRIen_UK
dc.subjectfinancial returnsen_UK
dc.subjectESGen_UK
dc.subjecteco-innovationen_UK
dc.subjectstrategic managementen_UK
dc.subjectsustainable accountingen_UK
dc.subjectsustainable frameworksen_UK
dc.subjectexchange traded fundsen_UK
dc.subjectCorporate sustainabilityen_UK
dc.titleEvaluation of strategic and financial variables of corporate sustainability and ESG policies on corporate finance performanceen_UK
dc.typeArticleen_UK

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