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The Triple Bottom Line: What is the Impact on the Returns to Agribusiness?

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  • Detre, Joshua D.
  • Gunderson, Michael A.

Abstract

The objective of this research is to examine the share values of publicly traded U.S. agribusiness firms to determine if they are influenced by the adoption of Corporate Social Responsibility (CSR) practices. Adoption of sustainability initiatives that are in line with the requirements of CSR were made based upon a firm’s inclusion on a Dow Jones Sustainability Index (DJSI). To accomplish this task, we utilize an event study methodology. Typically, we find that the share values of agribusinesses react negatively, at least in the short-term, when the announcement is made that the firm will become a member of the DJSI.

Suggested Citation

  • Detre, Joshua D. & Gunderson, Michael A., 2011. "The Triple Bottom Line: What is the Impact on the Returns to Agribusiness?," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association, vol. 14(4), pages 1-14, November.
    • Handle: RePEc:ags:ifaamr:117608
    DOI: 10.22004/ag.econ.117608
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    References listed on IDEAS

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    1. Detre, Joshua D. & Gunderson, Michael A. & Briggeman, Brian C., 2008. "Identifying Abnormal Returns to Food and Agribusiness Stocks on Key Farm Policy Legislative Dates," Journal of Agribusiness, Agricultural Economics Association of Georgia, vol. 26(1), pages 1-19.
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    Cited by:

    1. Ross, R. Brent & Pandey, Vivek & Ross, Kara L., 2015. "Sustainability and Strategy in U.S. Agri-Food Firms: An Assessment of Current Practices," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association, vol. 18(1), pages 1-32, February.
    2. Mabaya, Edward & Tihanyi, Krisztina Z. & Nwoga, Michelle & Cacho, Joyce A., 2013. "Next Steps: The Evolution of CSR at Novus International, Inc," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association, vol. 16(3), pages 1-14, September.
    3. Domenico Dentoni & Carlo Cucchi & Marija Roglić & Rob Lubberink & Rahmin Bender & Timothy Manyise, 2023. "Systems Thinking, Mapping and Change in Food and Agriculture," Post-Print hal-04002011, HAL.
    4. Diego Andrés Vélez Rivera & Sergio Andrés Palacio Aristizabal, 2017. "Un acercamiento a la comprensión de la responsabilidad social empresarial en comercializadoras y productores de hortensias en el oriente antioqueno," Revista Lebret, Universidad Santo Tomás - Bucaramanga, vol. 9, pages 75-95, December.
    5. Priyanka Aggarwal, 2013. "Sustainability Reporting and its Impact on Corporate Financial Performance: A Literature Review," Indian Journal of Commerce and Management Studies, Educational Research Multimedia & Publications,India, vol. 4(3), pages 51-59, September.

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