Figure 1.
The framework groups two sustainability performance measures within the sustainability performance construct. These measures are sustainability performance included in the ranking methodology and sustainability performance not included in the ranking methodology. A double-headed arrow between the sustainability performance construct and sustainability ranking represents H p 1 a to 1 b confirmation. H p 2 proposes a positive relationship from sustainability performance to sustainability ranking. H p 3 b proposes a positive relationship from sustainability ranking to sustainability performance included in the ranking methodology. Another H p 3 b proposes a negative relationship from sustainability ranking to sustainability performance not included in the ranking methodology.Theoretical framework and hypotheses presentation