This paper examines whether issuing management earnings guidance motivates a firm to raise its level of performance … hone the firm’s production function to raise firm performance. We find that firms alter their operating activities to … increase performance rather than manipulating their accruals. The enhancement in firm performance from using managerial …

approaches, activities and initiatives, means and instruments (sustainability performance); identifying universal and culture … options, projects and best practices (sustainability commitment). Given the theoretical background of corporate sustainability …