Do sustainability practices influence financial performance? Evidence from the Nordic financial industry

From the financial crisis to sustainability

The Relevance of Non-financial Performance Measures for CEO Compensation: Evidence from the Airline Industry

This paper investigates the role of non-financial performance measures in executive compensation. Using a sample of airline firms we document that passenger load factor, an important non-financial measure for firms in this industry, is positively associated with CEO cash compensation. This association is significant after controlling for traditional accounting performance measures (return on as...

Sustainability and company performance: Evidence from the manufacturing industry

This dissertation approaches the question of sustainability and its influence on company performance, with special focus on the manufacturing industry. In the contemporary production environment, manufacturing operations must take into account not only profit, but also environmental and social performance, in order to ensure the long-term development of the company. Companies have to decide whe...

Financial distress and firm performance: Evidence from the Asian financial crisis

Using a sample of 277 firms from eight East Asian economies, the relationship between financial distress and firm performance during the Asian Financial Crisis of 1997-1998 was tested. The crisis provides an exogenous shock which reduces the endogeneity issues between firm performance and leverage. The results from this study reaffirm that firms with low financial leverage tend to perform bette...

The Relationship between Corporate Sustainability and Firm Financial Performance

We conducted a longitudinal, quasi-experimental study in which we explored the effects of corporate sustainability on firm financial performance. We compared financial performance in 494 facilities of a large financial firm by comparing those that received third-party certification for their environmental practices (i.e., LEED certification) to those that have not. Analyses revealed three key f...