Ortiz-de-Mandojana and Bansal (2015)
Ortiz-de-Mandojana, Natalia, and Pratima Bansal. “The Long-Term Benefits of Organizational Resilience Through Sustainable Business Practices.” Working paper (Universitat de les Illes Baleares), 2015.
From the authors' abstract: "[W]e argue that the social and the environmental practices (SEPs) associated with business sustainability not only contribute to short-term outcomes, but also to organizational resilience, which we define as the firms' ability to sense and correct maladaptive tendencies and cope positively with unexpected situations. Because organizational resilience is a latent, path- dependent construct, we assess it through the long-term outcomes, including improved financial volatility, sales growth, and survival rates. We tested these hypotheses with data from 121 U.S.- based matched-pairs (242 individual firms) over a 15-year period."