Inclusion On The Dow Jones Sustainability Index (North America): Implications For Market Capitalization And Stock Return
- ASU Author/Contributor (non-ASU co-authors, if there are any, appear on document)
- Alex Wayne Helms (Creator)
- Institution
- Appalachian State University (ASU )
- Web Site: https://library.appstate.edu/
- Advisor
- Tammy Kowalczyk
Abstract: This study seeks to understand the relationship between sustainability practices (SP) and financial performance. While literature exists with conflicting conclusions, many of these studies only examine sustainability through a one-dimensional view. Additionally, much of the research linking financial performance to SP are international or foreign-based studies. Using inclusion on the Dow Jones Sustainability Index North America (DJSI), a multi-dimensional sustainability assessment tool, we analyze the relationship between corporate sustainability practices (as measured by inclusion on the DJSI) and two measures of financial performance: market capitalization and stock return. Specifically, we test whether the relationship between traditional financial accounting predictor variables (i.e. net income, long-term debt, total revenue, and basic earnings per share) and financial performance indicators (market capitalization and stock return) is different for firms included in the DJSI versus those not included.
Inclusion On The Dow Jones Sustainability Index (North America): Implications For Market Capitalization And Stock Return
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Created on 10/20/2016
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Additional Information
- Publication
- Thesis
- Helms, A. (2016). Inclusion On The Dow Jones Sustainability Index (North America): Implications For Market Capitalization And Stock Return. Unpublished Master’s Thesis. Appalachian State University, Boone, NC.
- Language: English
- Date: 2016
- Keywords
- Dow Jones Sustainability Index, Sustainability Valuation, Capital Markets, Corporate Social Responsibility (CSR), Financial Performance