Doctor of Philosophy, Case Western Reserve University, 2017, Management
Business enterprises are investing in major sustainability initiatives; yet, often they do not
know the financial outcomes of these activities. While managers may have a sense that
`doing good' yields financial rewards, they cannot pinpoint the specific effects on
financial performance. There is extensive literature focusing on how corporate social
responsibility (CSR) and sustainability initiatives affect corporate financial performance
(CFP). Since 1975 there have been over 200 research studies on this question; yet, the
results remain mixed. In some cases, researchers have found a positive relationship
between CSR and CFP; whereas, other research has revealed either negative or
inconclusive relationships.
This mixed methods three-phased study draws data from a number of for-profit
business enterprises, and seeks to understand how sustainability activities influence
financial outcomes beneficial to the organization. Beginning with a qualitative research
study and 32 interviews of business executives, consultants, and academics representing a broad cross-section of organizations, and followed by two quantitative research studies of 150 public corporations in different sectors of the manufacturing industry, I tease out a broader conceptualization of financial performance.
Utilizing existing theory together with analysis of exploratory research data, I
propose a new construct of how certain business organizations, those that have an `ethos of sustainability, may be enabled to develop unique firm resources that are "valuable, rare, inimitable, and non-substitutable" (Barney, 1991). The third phase of this study examines the relationship of an Ethos of Sustainability to Innovation as an intangible resource of the firm. Based on tests utilizing content analysis of 150 corporate
sustainability reports and regression analysis of the hypothesized relationships, I find
associations between measures of firms' Ethos of Sustainability and Innovation.
Speci (open full item for complete abstract)
Committee: Chris Laszlo Ph.D. (Committee Chair); Richard Boland Ph.D. (Committee Member); Marc Epstein Ph.D. (Committee Member); Aron Lindberg Ph.D. (Committee Member); Roger Saillant Ph.D. (Committee Member)
Subjects: Accounting; Management