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Open AccessArticle

Empirical Evaluation of the Impact of Resilience and Sustainability on Firms’ Performance

1
Department of Sciences and Methods for Engineering, University of Modena and Reggio Emilia, Via Amendola 2–Padiglione Morselli, Reggio Emilia, 42100 Modena, Italy
2
Mona School of Business and Management, The University of the West Indies, Mona 876, Jamaica
3
UQ Business School, The University of Queensland, Brisbane, QLD 4072, Australia
*
Author to whom correspondence should be addressed.
Sustainability 2020, 12(5), 1742; https://doi.org/10.3390/su12051742
Received: 31 January 2020 / Revised: 19 February 2020 / Accepted: 24 February 2020 / Published: 26 February 2020
The concepts of resilience and sustainability appear multi-dimensional and correlated, depending on the context. Operational sustainability practices can enhance the resilience of a firm, and support its growth. This study aims at analyzing the impact of a sustainability strategy, measured by means of a sustainability maturity index (SMI), on the financial performance of a company. Since the SMI is strictly correlated to resilience capabilities, the performed analysis represents a first level integration of the sustainability and resilience indicators in a common framework. A data sample from 53 organizations was collected through structured interviews and analyzed to identify possible relationships between the SMI and the financial performance indexes. The analysis does not support commonly reported arguments: we show that profitability does not show a significant relationship with sustainable strategic intent. Interestingly, firm country of origin, size of the organization, and market focus, likewise, do not have a significant relationship with SMI. Arguably, multi-dimensional company performance, including both financial and non-financial measures, should be considered to assess the impact of sustainability practices. Moreover, further investigations are needed to capture firms’ nonfinancial indicators of performance that are related to sustainability and resilience, for building up a unified framework enabling trade-off analysis. View Full-Text
Keywords: sustainability maturity index; resilience; sustainable operations; sustainability modeling; sustainability and financial performance sustainability maturity index; resilience; sustainable operations; sustainability modeling; sustainability and financial performance
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MDPI and ACS Style

Balugani, E.; Butturi, M.A.; Chevers, D.; Parker, D.; Rimini, B. Empirical Evaluation of the Impact of Resilience and Sustainability on Firms’ Performance. Sustainability 2020, 12, 1742.

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