Teses de Doutorado
URI permanente desta comunidadehttps://repositorio.insper.edu.br/handle/11224/3242
Navegar
Tese Essays in Sustainability and Business Strategy(2025) Esteves, Nathalia RamajoThis dissertation is composed of three chapters focusing on sustainability and business. We study how customers and investors target firms that are not sustainable and how a female Chief Sustainability Officer (CSO) can be effective in leading firms’ sustainability efforts. The first chapter unveils how customers react to sustainability misconduct. The authors conduct an event study of 504 observations, including firms judged guilty in the United States court of law in legal proceedings related to sustainability misconduct as well as their main competitors. Results show that sustainability misconduct erodes corporate reputation. The second chapter reveals the direct and dynamic impacts of a female CSO on firm performance. Analyzing 117 United States retailers in various industries, the authors find evidence that having a female CSO and that female CSO experience increases sales revenue growth. Finally, the third chapter focuses on investors and shows how CEO characteristics can moderate the effects of firm performance and sustainability performance on sustainability investor activism proposals.