Kim, K.; Lee, S.-M. Does Sustainability Affect Corporate Performance and Economic Development? Evidence from the Asia-Pacific region and North America. Sustainability2018, 10, 909.
Kim, K.; Lee, S.-M. Does Sustainability Affect Corporate Performance and Economic Development? Evidence from the Asia-Pacific region and North America. Sustainability 2018, 10, 909.
Kim, K.; Lee, S.-M. Does Sustainability Affect Corporate Performance and Economic Development? Evidence from the Asia-Pacific region and North America. Sustainability2018, 10, 909.
Kim, K.; Lee, S.-M. Does Sustainability Affect Corporate Performance and Economic Development? Evidence from the Asia-Pacific region and North America. Sustainability 2018, 10, 909.
Abstract
This paper explores how the sustainable investment impacts financial returns and economic development in of Asia Pacific and North America, utilizing real data empirically. In academia and industrial field, it is polemical that indeed, the sustainable behavior has economic returns. In order to clarify that, we tested hypotheses with an analysis of seven stock markets, accounting of rates such as ROI, ROIC, and ROA in eleven companies, and GDP/GNI per capita. The results indicate that both financial return and economic development are positively germane to the sustainable investment. Besides, the variance of sustainability to economic development exists, depending on GDP per capita between two regions. We conclude, concerning the sustainability, by corroborating micro perspective for corporate level and macro perspective of economic development in the private and public sector. This research consequence will be interested in both practitioners and researchers in the measurement of sustainability performance
Keywords
sustainable investment, corporate performance, economic development, VAR, and VECM
Subject
Business, Economics and Management, Business and Management
Copyright:
This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
