The Triple Bottom Line:What is the Impact on the Returns to Agribusiness?

摘要

The objective of this research is to examine the share values of publicly traded U.S. agribusinessfirms to determine if they are influenced by the adoption of Corporate Social Responsibility(CSR) practices. Adoption of sustainability initiatives that are in line with the requirements ofCSR were made based upon a firm’s inclusion on a Dow Jones Sustainability Index (DJSI). Toaccomplish this task, we utilize an event study methodology. Typically, we find that the sharevalues of agribusinesses react negatively, at least in the short-term, when the announcement ismade that the firm will become a member of the DJSI.