Yes / Extant research has established that environmental sustainability orientation (ESO) has a positive influence on performance outcomes. Nevertheless, several contingencies tend to affect the strength of this relationship. In this study, we draw on natural resource-based theory to introduce competitive strategies as moderators in the ESO-performance nexus. Using time-lagged data obtained from 269 firms in Ghana, this study finds that firms pursuing the differentiation strategy can positively boost performance outcomes with ESO than without differentiation strategy. We also find that firms can use the low-cost or the integrated strategy to get higher impact on performance with ESO respectively. Based on the results, firms in Ghana do not need differentiation strategy in order to boost the effect of ESO on financial performance. Theoretical and practical implications are discussed.

Yes / The art of unwinding voluminous data expects the expertise in analyzing meaningful decisions out of the acquired information. To encounter new age challenges, practitioners are trying hard to shatter the constraints and work edge-to-edge to achieve higher performance (Market, Financial and Operational performance). It is evident that organizations desire to exploit maximum of their injected resources, but often fail to reap their actual potential. Developing resource-based capabilities stands out to be the most concerned aspect for the firms in recent times, and the same is studied by the previous scholars. In the dearth of literature, it is challenging to find out evidence which marks up the effect of strategic resources in the development of dynamic organizational capability. This study is a two-fold attempt to examine the relationship between organizational capabilities, i.e. big data predictive analytics while achieving superior organizational performance; also, examining the effect of control variables on superior organizational of performance. We tested our research hypotheses using cross-sectional data of 209 responses collected using pre-tested single-informant questionnaire. The results underpin criticality human factor while developing analytical capabilities dynamic in nature in the process of achieving superior performance.

Yes / Studies find that oil-rich African countries (OACs) suffer slow socio-economic growth and development. The petroleum operations in these countries are also primarily in the hands of multinational corporations (MNCs). Motivated by their profit maximisation prospects (PMPs), the MNCs face significant corporate social responsibility (CSR) dilemmas with reference to their contribution to the socio-economic growth of these African economies. Even though there are few studies on CSR and corporate financial performance (CFP) within the African context, little or no attention has been paid to how and the extent to which MNCs' PMPs, CSR and CFP interact to affect the socio-economic growth of OACs. Drawing from legitimacy, institutional, and agency theories we employ a panel data approach covering 14 years (2003–2017) to understand the drivers of these PMPs, how PMPs affect corporate ethical considerations, and CFP and their implications on OACs' socio-economic growth. We find that PMPs of MNCs within OACs impede their CSR commitment. There is a significant positive relationship between CSR and CFP; efficient CSR practices impact CFP positively, and MNCs' contribution to OACs' socio-economic growth is significantly constrained by weak institutional environments. We conclude that institutional reforms and strategic investment in CSR could foster rapid socio-economic growth and development within OACs. Our study contributes to policy and knowledge on MNC's PMPs, CSR practices, CFP and literature on business ethics and the natural resource-curse.

Yes / There are various kinds of applications of BDA in the firms. Not many studies are there which deal with the impact of BDA towards issues like forecasting, decision-making, as well as performance of the firms simultaneously. So, there exists a gap in the research. In such a background, this study aims at examining the impacts of BDA on the process of decision-making, forecasting, as well as firm performance. Using resource-based view (RBV) as well as dynamic capability view (DCV) and related research studies, a research model was proposed conceptually. This conceptual model was validated taking help of PLS-SEM approach considering 366 respondents from Indian firms. This study has highlighted that smart decision making and accurate forecasting process can be achieved by using BDA. This research has demonstrated that there is a considerable influence of adoption of BDA on decision making process, forecasting process, as well as overall firm performance. However, the present study suffers from the fact that the study results depend on the cross-sectional data which could invite defects of causality and endogeneity bias. The present research work also found that there is no impact of different control variables on the firm's performance.

No / Rainwater harvesting (RWH) can be used to reduce the demand for potable mains water. At the single-building scale, previous research has focused on water-saving potential, while financial assessment has either been omitted or considered in an ad hoc manner. This paper reports on the application of a more rigorous financial analysis of domestic RWH systems than had been conducted previously. Whole life costing was selected as the most appropriate financial assessment technique. A total of 3840 domestic system configurations were assessed at a daily time step, taking into account various stakeholder perspectives and future cost scenarios. In each case, it was found that harvesting rainwater was significantly less cost effective than relying solely on mains-only water. The domestic RWH systems generally resulted in financial losses approximately equal to their capital costs. Without significant financial support, domestic RWH is unlikely to be cost effective for all reasonably foreseeable scenarios.

SAMMANFATTNING Datum: 2024-05-29 Nivå: Kandidatuppsats i Företagsekonomi, 15 hp Institution: Akademin för Ekonomi, Samhälle och Teknik, Mälardalens Universitet Författare: Elin Appelgren Emma Dahlstrand Titel: Är det lönsamt att vara hållbar? Handledare: Aija Voitkane Nyckelord: Hållbarhet, finansiell prestation, bransch, intressentteorin, CSR Forskningsfråga: Hur skiljer sig sambandet mellan hållbarhetsarbete och finansiell prestation mellan olika branscher? Syfte: Syftet med studien är att undersöka om det finns ett samband mellan ett företags hållbarhetsarbete och dess finansiella prestation. Metod: Studien tillämpar en deduktiv ansats av kvantitativ karaktär. Insamlingen består av inhämtad data från The Sustainability Yearbook samt Morningstar vilket har analyserats med hjälp av regressionsanalyser i IBM SPSS. Slutsats: Studien fann ett negativt samband mellan CSR och ROA, ROE samt P/B. Resultatet påvisar även att branschtillhörigheten har en påverkan på sambandet. / ABSTRACT Date: 2024-05-29 Level: Bachelor thesis in Business Administration, 15 cr Institution: School of Business, Society and Engineering, Mälardalen University Authors: Elin Appelgren Emma Dahlstrand Title: Is it profitable to be sustainable? Supervisor: Aija Voitkane Keywords: Sustainability, financial performance, industry, stakeholder theory, CSR Research question: How does the relationship between sustainability work and financial performance differs between different industries? Purpose: The purpose of the study is to investigate whether there is a connection between a company's sustainability work and its financial performance. Method: The study applies a deductive approach of a quantitative nature. The collection consists of collected data from The Sustainability Yearbook and Morningstar, which has been analyzed using regression analyzes in IBM SPSS. Conclusion: The study found a negative correlation between CSR and ROA, ROE, and P/B. The results also indicate that industry affiliation has an impact on this correlation.

This study investigates how the listed companies in Sri Lanka gain financial benefits from Environmental, Social, and Governance (ESG) reporting. As businesses increasingly adopt ESG reporting to disclose their commitment to sustainability, corporate social responsibility (CSR), and ethical governance, understanding its impact is crucial. However, in developing nations like Sri Lanka, the empirical relationship between ESG reporting and financial performance remains poorly understood. By examining how ESG reporting affects financial performance metrics such as Return on Equity (ROE) and Return on Assets (ROA), this study aims to fill this knowledge gap.Using a quantitative approach, this study analyses the ESG reporting and financial data of a sample of two hundred thirteen listed companies in Colombo Stock Exchange (CSE) Sri Lanka. The secondary data used for the study, was collected from published annual reports of the listed companies and Refinitiv Eikon database for the period from 2021 to 2023. The quantitative analysis includes regression and correlation techniques to assess the relationship between ESG reporting and financial performance. The results show a weak positive relationship between financial performance and ESG reporting, indicating that although ESG reporting practices may improve financial outcomes of the listed companies in Sri Lanka, this relationship is not particularly strong in the Sri Lankan context. By presenting real-world information from the perspective of emerging markets, this study adds to the body of literature on ESG reporting in academia. It emphasizes the value of strong ESG reporting systems and provides investors, politicians, and accounting professionals with useful insights. The study emphasizes the necessity of further investigations into ESG practices with a view to properly identify the consequences of ESG reporting practices for sustainability and value creation in Sri Lanka and beyond.

Yes / Social, institutional and business interest in Sustainability has increasingly grow in the last decades. New regulations, technological progress, social awareness related to environmental impact of the industrial activities and irregular working conditions, are some of the key elements affecting the way organisations plan and measure their corporate, business unit, and operational strategies. Sustainability strategies can play a key role in driving innovation through learning, motivation, attraction and retention of skilful employees. The aim of this paper is to analyse the interrelations between the deployment of effective sustainability strategies, employee motivation and the financial perspective of business performance. The analysis applies a Systems Thinking approach through the development of a series of Causal Loop Diagrams to identify key factors and the nature of their interrelationships. The analysis also considers the Ability, Motivation and Opportunity (AMO) framework to explain the complexity of employee behaviour, motivation and impact on strategic performance. This research confirmed that a supportive relation can be established between the implementation of effective sustainability strategies, represented by Corporate Social Responsibility (CSR) and Human Resources (HR) initiatives, and the financial performance of a business organisations. The study focused on publications related to private business organisations in the UK and USA, which encourages future broad studies. This research provides relevant insights to understand better the complexity of the relationships between sustainability strategies, employee motivation and business performance.

Titel: Kulturens modererande effekter på sambandet mellan CSR och CFP Nivå: Examensarbete på grundnivå (kandidatexamen) i ämnet företagsekonomi. Författare: Ferdous Foroughi och Shabab Hasan Handledare: Jan Svanberg Datum: 2019 - juni Syfte: Företagens sociala ansvar (CSR) har utvecklats till ett viktigt ämne både för företag och dess intressenter. Varierande resultat gällande effekten av CSR-insatser på företagsprestanda har tidigare rapporterats. Tidigare studier undersöker och fokuserar på en liten del av CSR med många olösta teoretiska och empiriska frågor till följd av detta. Det har även visats att kultur påverkar beslutsfattandet i synnerhet i relation till CSR. Syftet är därmed att undersöka om nationell kultur har modererande effekter på sambandet mellan CSR och finansiell prestation (CFP) hos börsnoterade bolag i världen.   Metod: Studiens vetenskapsteoretiska utgångspunkt är positivism med hypotetiskt-deduktiv ansats. En kvantitativ forskningsstrategi används för 3230 börsnoterade företag med data från en femårsperiod 2013 - 2017. Datan baseras på sekundärdata inhämtad från Thomson Reuters Eikon, Världsbanken och Hofstedes kulturindex, vilken analyserats med univariata och bivariata statistiska tester samt multipla regressionsanalyser i statistikprogrammet IBM SPSS Statistics. Resultat & slutsats: Det finns ett positivt samband mellan CSR och CFP. Nationella kulturer har modererande effekter på det sambandet. Genom att använda Hofstedes kulturdimensioner har det visats att maktdistans (PD), osäkerhetsundvikande (UAI), maskulinitet (MAS) och långtidsorientering (LTO) har negativ modererande effekter, medan individualism (IDV) och tillfredsställelse (IND) har positiv modererande effekter på sambandet mellan CSP och CFP. Examensarbetets bidrag: Studien bidrar med ny kunskap för att fylla forskningsgapet gällande nationella kulturers modererande effekter på sambandet mellan CSR och finansiell prestation. Studien bidrar på ett värdefullt sätt till både tidigare teori och empiri samt lyfter fram nationella kulturers påverkande roll för företagens finansiella prestation. Förslag till vidare forskning: Det behövs flera liknande studier med andra variabler som kontrollerar och analyserar sambandet. Vidare föreslår vi också att genomföra en liknande studie som även inkluderar icke-börsnoterade bolag, för att omfatta flera länder och dessutom en längre tidsperiod än fem år för att se om nationella kulturer påverkar sambandet på ett annat sätt. Nyckelord:Corporate social responsibility, corporate social performance, corporate financial performance, nationell kultur, Hofstedes kulturdimensionsteori. / Title: Culture’s moderating effects on the relationship between CSR and CFP Level: Student thesis for Bachelor’s Degree in Business Administration Authors: Ferdous Foroughi och Shabab Hasan Supervisor: Jan Svanberg Date: 2019 - june Aim: Corporate Social Responsibility (CSR) has been developed to become an important subject for both corporates and their stakeholders. Varying results have been reported regarding the effect of CSR initiatives. Prior studies investigate and focus on a small part of CSR with following unresolved theoretical and empirical questions. It has also been shown that culture affects decision making, particularly in relation to CSR. The aim of this study is hence to investigate whether national culture has moderating effects on the relationship between CSR and corporate financial performance (CFP) among listed corporations in the world. Method: A positive research methodology has been applied with a hypothetical-deductive approach. A quantitative research strategy is used for 3230 listed corporations with data from a five-year time period 2013 - 2017. Data is based on secondary data from Thomson Reuters Eikon, World Bank and Hofstedes cultural index, which were analyzed with univariate, bivariate and multivariate analyses in the statistical software IBM SPSS Statistics. Result & Conclusion: There is a positive correlation between CSR and CFP. National cultures have moderating effects on that correlation. Using Hofstede's cultural dimensions, it has been shown that power distance (PD), uncertainty avoidance index (UAI), masculinity (MAS) and long-term orientation (LTO) have negative moderating effects, while individualism (IDV) and indulgence (IND) have positive moderating effects on the relationship between CSP and CFP. Contribution of the thesis: The study contributes with new knowledge to fill the research gap regarding national cultures’ moderating effects on the relationship between CSR and financial performance. The study contributes in an insightful way to both prior theory and empirical data and emphasizes the role of national cultures on the corporates’ financial performance. Suggestion for future research: Several similar studies are needed with other variables that control and analyze the relationship. Furthermore, we also propose to carry out a similar study that also includes non-listed companies, to include several countries and, moreover, a longer time period than five years to see if national cultures affect the relationship in another way. Keywords:Corporate social responsibility, corporate social performance, corporate financial performance, national culture, Hofstede’s cultural dimension theory.

Syfte: Det ställs idag högre krav på att företag inte enbart kan fokusera på att tjäna pengar utan att de också måste börja ta ansvar för miljö, samhälle och ekonomi. Till följd av de ökade kraven på företagen har vikten av begreppet Corporate social responsibility (CSR) ökat de senaste årtiondena. En populär inriktning hos tidigare studier inom området CSR är om CSR påverkar företagets finansiella prestation (CFP), vilka visat på motsägelsefulla resultat. Dock har forskning identifierat ett äkthets-gap mellan företags uttalade ansvarstagande och vad som i verkligheten utförs. Det har även konstaterats att en CSR-kommitté samt att konsekvent CSR påverkar äktheten i CSR. Syftet med denna studie är därför att undersöka hur äktheten hos investeringar i Corporate social responsibility, CSR, med avseende på hur en CSR-kommitté och konsekvent CSR, påverkar företagens lönsamhet, CFP. Metod: Studien antar en positivistisk forskningsfilosofi med en hypotetiskt deduktiv ansats. Utifrån ett kvantitativt tillvägagångssätt har sekundärdata inhämtats från databasen Thomson Reuters Datastream. En longitudinell design har använts där data har inhämtats över en sexårsperiod där det slutgiltiga urvalet har analyserats med hjälp av multipla regressionsanalyser i statistikprogrammet IBM SPSS. Resultat & slutsats: Studien visar att lönsamheten är högre hos företag som innehar en CSR-kommitté, än för företag utan CSR-kommitté, vilket indikerar att företag genom ett äkta engagemang i CSR uppnår ökad lönsamhet. Ledningens benägenhet att förmedla socialt ansvarstagande leder till ett bättre samarbete med företagets intressenter som ger ett högre finansiellt utfall. Förslag till fortsatt forskning: Studier som undersöker företags konsekventa CSR-aktiviteter över en längre tidsperiod för att identifiera effekterna av den nya hållbarhetslagen. Eftersom förekomsten av en CSR-kommitté påverkar företags lönsamhet önskar vi även ytterligare forskning angående vilka faktorer som kan förstärka eller försvaga utfallet. Uppsatsens bidrag: Ur ett teoretiskt perspektiv bidrar denna studie till redovisningslitteraturen genom att undersöka sambandet mellan finansiell prestation och äktheten hos bolagens CSR-motiv. Ur ett praktiskt perspektiv kan denna studie vara betydelsefull för företag som planerar att implementera en CSRkommitté eftersom detta bidrar till företags lönsamhet. / Aim: Todays’ companies are facing an increased demand from society that they need to shift their priorities from just making money to being socially responsible. Due to the increased demand, the importance of the concept Corporate social responsibility (CSR) has also increased in the last decades. A popular branch in prior CSR studies has been to investigate if CSR-investments affects the Corporate financial performance (CFP) which has shown conflicting results. However, previous research has identified an authentic gap between what companies are promising and what they implement in reality. Therefore the aim with this study is to investigate how authentic investments in CSR, with regard to how a CSR committee and consistent CSR, influence corporate financial performance (CFP). Method: The study is based on the philosophy of positivism with a hypothetical deductive approach. Secondary data has been collected from Thomson Reuters Datastream with a quantitative approach. A longitudinal design has been used where data has been collected over a period of six years and the final sample has been processed and analyzed with regression analysis in IBM SPSS. Result & Conclusions: This study shows that companies’ financial performance is higher in the presence of a CSR-committee, which indicates that a company by engaging in authentic CSR-activities gets a higher financial performance. Management preferences to communicate the company's social responsibility results in a better financial performance due to a better relationship with the stakeholders Suggestions for future research: Suggestions for future research may investigate how the consistency of companies CSR is influenced by the new legislation over a longer period of time. Since the CSR-committee is influential for the financial performance we would also like to see further studies involving factors that might weaken or strengthen this relationship. Contribution of the thesis: From a theoretical perspective this study contributes to the accounting literature by investigating the relationship between financial performance and authentic CSR motives. From a practical perspective this study can be of interest for companies that are planning to implement a CSR-committee since this is an influential factor for the financial performance.