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Journal of Business Ethics

Erschienen in:

19.09.2015

When Does It Pay to be Good? Moderators and Mediators in the Corporate Sustainability–Corporate Financial Performance Relationship: A Critical Review

verfasst von: Sylvia Grewatsch, Ingo Kleindienst

Erschienen in: Journal of Business Ethics | Ausgabe 2/2017

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Abstract

In this paper, we review the literature on moderators and mediators in the corporate sustainability (CS)–corporate financial performance (CFP) relationship. We provide some clarity on what has been learned so far by taking a contingency perspective on this much-researched relationship. Overall, we find that this research has made some progress in the past. However, we also find this research stream to be characterized by three major shortcomings, namely low degree of novelty, missing investment in theory building, and a lack of research design and measurement options. To address these shortcomings, we suggest avenues for future research. Beyond that we also argue for a stronger emphasis on the strategic perspective of CS. In particular, we propose future research to take a step back and aim for an integration of the CS–CFP relationship into the strategic management literature.

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The keywords used were corporate sustainability and corporate financial performance. Corporate sustainability was alternatively substituted with (corporate) social performance, (corporate) environmental performance, corporate social responsibility, corporate sustainability performance, sustain*, and CSP. Corporate financial performance was substituted with organizational effectiveness, organizational performance, profitability, economic success, outcomes, and CFP.

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Titel: When Does It Pay to be Good? Moderators and Mediators in the Corporate Sustainability–Corporate Financial Performance Relationship: A Critical Review
verfasst von: Sylvia Grewatsch
Ingo Kleindienst
Publikationsdatum: 19.09.2015
Verlag: Springer Netherlands
Erschienen in: Journal of Business Ethics / Ausgabe 2/2017
Print ISSN: 0167-4544
Elektronische ISSN: 1573-0697
DOI: https://doi.org/10.1007/s10551-015-2852-5

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