Relationship between corporate sustainability performance and corporate financial performance: evidence from U.S. companies

Research background: Sustainable development at the enterprise level is understood as integration of economic, environmental and social dimensions aimed meeting needs all firm?s stakeholders in present future. Therefore, it crucial to evaluate relationship between sustainability performance a company its financial performance.
 Purpose article: Considering business model for well debatable results empirical research on corporate (CSP) (CFP), essential aim paper answer question whether improvement particular brings about higher total revenues (TR) company.
 Methods: The main method panel regression models based Cobb-Douglas production function, which has been extended include variables scores. selection pooled OLS model, random-effects fixed-effects made with use F test, Breusch-Pagan test Hausman test. Additionally, descriptive statistics Pearson correlation coefficients have analyzed. studies were conducted period 2014?2019 among 59 largest U.S. companies listed Fortune 500 ranking 2015?2020.
 Findings & value added: hypothesis assuming existence positive both aggregate disaggregate levels (CFP) expressed by TR cannot be positively verified. It means that environmental, governance does not lead an increase company, some suggest.