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Abstracts prior to volume 5(1) have been archived!

Issue 5(1), October 2010 -- Paper Abstracts
Girard  (p. 9-22)
Cooper (p. 23-32)
Kunz-Osborne (p. 33-41)
Coulmas-Law (p.42-46)
Stasio (p. 47-56)
Albert-Valette-Florence (p.57-63)
Zhang-Rauch (p. 64-70)
Alam-Yasin (p. 71-78)
Mattare-Monahan-Shah (p. 79-94)
Nonis-Hudson-Hunt (p. 95-106) 



JOURNAL OF ACCOUNTING AND FINANCE 


How Do Sustainability Investments Effect Financial Performance? An Instrumental Variable Approach


Author(s): Susan A. Henderson, Tatyana Ryabova

Citation: Susan A. Henderson, Tatyana Ryabova, (2020) "How Do Sustainability Investments Effect Financial Performance? An Instrumental Variable Approach," Journal of Accounting and Finance, Vol. 20, ss. 3, pp. 104-126

Article Type: Research paper

Publisher: North American Business Press

Abstract:

This study investigates the relationship between sustainability investments and financial performance by observing a natural experiment in an industry that is saturated with firms engaging in sustainability practices: agriculture. We analyzed the financial statements of almond farms over a ten-year period to investigate financial outcomes. The findings of this study support a positive, indirect relationship between sustainability investments and financial performance through the significant increase in almond yield across farms and overtime (even when considering the endogenous relationship between investments and financial performance).