'Does it pay to be green?' revisited:LGM assessment of the relationship between sustainability performance and financial performance

摘要

The question 'does it pay to be green?' has been part of operations management research for decades. As firms face increasing pressure to reduce their social and environmental impacts, managers and researchers alike work to understand the impact of sustainability practices on a firm's bottom line. To add to this on-going dialogue, this paper uses a latent growth modelling approach with longitudinal sustainability performance data to investigate the relationship between changes in sustainability performance and financial performance over time. This paper illuminates areas for future research on the relative financial returns of different types of sustainability investments.