Value relevance of the sustainable performance of companies
Table of contents
The relationship between corporate environmental (CEP) and corporate economic performance (CECP) has been analysed for almost 40 years now, cumulating to hundreds of empirical studies on the topic. However, despite all these efforts, the understanding of the relationship is still inconclusive. The missing of a sound theoretical basis is considered as one reason for the unsatisfying situation. While many scholars state that there is a positive relationship, the whole picture is not yet clear. This is especially unsatisfiying as a number of publications focus on reviewing and integrating – applying methods like verbal review, vote counting, and meta-analysis - the empirical evidence. Based on this shortcoming, the project scientifically aims at analysing the empirical research in order to derive a clear answer concerning the existence and design of the relationship between CEP and CECP. The practice-oriented objective was the identification of drivers and consequences of a sustainable business.
Leadership
Researcher
Dipl.-Wirtsch.-Ing. Holger Hoppe
Cooperation
- Prof. Mark A. White, McIntire School of Commerce, University of Virginia
- Prof. Thomas Guenther, Lehrstuhl Betriebliches Rechnungswesen / Controlling der TU Dresden
Term
07/2008 - 07/2010
Publications
- Guenther, E.; Hoppe, H.: "Does the measurement approach for economic performance affect the results of empirical studies on the relationship of environmental and economic performance", Conference Proceedings des 30. jährlichen Kongresses der EEA European Accounting Association in Lissabon.
- Guenther, E.; Hoppe, H.: “A New Frontier on the Relationship of Business and the Environment: Proposing A New Data Source for a Long Studied Question” In: Proceedings IFSAM VIIIth World Congress 2006 online: www.ctw-congress.de/ifsam/download/track_9/pap00613.pdf
- Guenther, E.; Hoppe, H.; Kaulich, S.; Scheibe, L.: Wertsteigerung durch Umweltleistungsmessung: Betriebliche Umweltökonomie - Quo vadis? Aus: Schweickart, N.; Toepfer, A. (Hrsg.): Wertorientiertes Management. Werterhaltung - Wertsteuerung - Wertsteigerung ganzheitlich gestalten. Berlin 2006. S. 339-376.
- Guenther, E.; Guenther, T.; Hoppe, H.: Are environmental aspects value drivers for companies? A review of empirical studies. Dresden 2004. (= Dresdner Beiträge zur Betriebswirtschaftslehre. 81)
Presentations and Press Review
For information about publications, presentations and press review please visit our parallel German website.