naa a22 4500 510735681 CHVBK 20180411083009.0 cr unu---uuuuu 180411e20130701xx s 000 0 eng 10.1007/s11573-013-0666-4 doi (NATIONALLICENCE)springer-10.1007/s11573-013-0666-4 Corporate sustainability and risk [Elektronische Daten] [Dieter Gramlich, Nicole Finster] This study analyses the relationship between corporate sustainability and corporate risk. Different grades of sustainability are constructed from the inclusion of companies into sustainability indices and the number of years included. The grades are measured against variables of expected and unexpected risk and drivers of a sustainable company's risk (sustainability risk). Based on the assumption that the level of sustainability impacts upon the dimension of risk, a sample of 167 European companies and different subsamples are assessed on available accounting data. However, the findings do not provide any clear evidence, suggesting that companies, once rated as sustainable, display similar patterns of risk and that a high degree of sustainability may be achieved without adverse impacts on risk and risk-adjusted return. Springer-Verlag Berlin Heidelberg, 2013 Corporate sustainability nationallicence Financial risk nationallicence Sustainability risk nationallicence Gramlich Dieter Faculty of Business Administration, Department of Banking, Baden-Wuerttemberg Cooperative State University, Marienstr. 20, 89518, Heidenheim, Germany aut Finster Nicole Banking and Financial Supervision, Deutsche Bundesbank, Königstr. 14, 70173, Stuttgart, Germany aut Journal of Business Economics Springer Berlin Heidelberg 83/6(2013-07-01), 631-664 0044-2372 83:6<631 2013 83 11573 https://doi.org/10.1007/s11573-013-0666-4 text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1007/s11573-013-0666-4 text/html Onlinezugriff via DOI NATIONALLICENCE 700 1- Gramlich Dieter Faculty of Business Administration, Department of Banking, Baden-Wuerttemberg Cooperative State University, Marienstr. 20, 89518, Heidenheim, Germany aut NATIONALLICENCE 700 1- Finster Nicole Banking and Financial Supervision, Deutsche Bundesbank, Königstr. 14, 70173, Stuttgart, Germany aut NATIONALLICENCE 773 0- Journal of Business Economics Springer Berlin Heidelberg 83/6(2013-07-01), 631-664 0044-2372 83:6<631 2013 83 11573 Metadata rights reserved Springer special CC-BY-NC licence nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-springer