Suchergebnisse

Im Rahmen der Studie wurden die Bürgermeister und Fraktionsvorsitzenden aller sächsischen Gemeinden am 2. Juni 2004, also kurz vor der Kommunalwahl am 13. Juni 2004, befragt. Dieser Befragungszeitpunkt wurde bewusst gewählt, da die Befragten die ablaufende Wahlperiode im Rückblick betrachten sollten. Die Befragung erfolgte schriftlich mit einem standardisierten Fragebogen.

AbstractPurpose: Financial sustainability is underrepresented in both research on and the practice of sustainability management and reporting. In this article, we examine empirically how financially sustainable firms performed in the Corona crisis.Methods: We measure financial sustainability by four conditions: (1) firm growth, (2) the company's ability to survive, (3) an acceptable overall level of earnings risk exposure, and (4) an attractive earnings risk profile. We apply this measurement to investment portfolios of a broad sample of firms from 15 European countries of the MSCI Europe using typical investment portfolio characteristics.Results: We find that financially sustainable firms outperform both the broad market and firms with low financial sustainability for the time span July 2019 to March 2020.Conclusion: An investment strategy that invests in financially sustainable firms seems to be better capable of overcoming economic breakdowns such as the Corona crisis. We find that the returns increase with each of the four conditions that are included in the investment strategy. This underlines that considering financial sustainability is interesting for financial management, corporate governance and management control.