Causality Between Corporate Social Performance And Financial Performance
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Causality Between Corporate Social Performance And Financial Performance
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Author : Rim Makni Gargouri
language : en
Publisher:
Release Date : 2009
Causality Between Corporate Social Performance And Financial Performance written by Rim Makni Gargouri and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009 with categories.
This study assesses the causal relationship between corporate social performance (CSP) and financial performance (FP). We perform our empirical analyses on a sample of 179 publicly held Canadian firms and use the measures of CSP provided by Canadian Social Investment Database for the years 2004 and 2005. Using the quot;Granger causalityquot; approach, we find no significant relationship between a composite measure of a firm's CSP and FP, except for market returns. However, using individual measures of CSP, we find a robust significant negative impact of the environmental dimension of CSP and three measures of FP, namely return on assets, return on equity, and market returns. This latter finding is consistent, at least in the short run, with the trade-off hypothesis and, in part, with the negative synergy hypothesis which states that socially responsible firms experience lower profits and reduced shareholder wealth, which in turn limits the socially responsible investments.
Corporate Social Responsibility Corporate Financial Performance Relationship Evidence From Uk S Food Industry
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Author : Junaid Javaid
language : en
Publisher: GRIN Verlag
Release Date : 2014-09-23
Corporate Social Responsibility Corporate Financial Performance Relationship Evidence From Uk S Food Industry written by Junaid Javaid and has been published by GRIN Verlag this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-09-23 with Business & Economics categories.
Project Report from the year 2012 in the subject Business economics - Business Management, Corporate Governance, grade: B-, Manchester Metropolitan University Business School, course: MSc Finance, language: English, abstract: The main purpose of the proposed research paper will be to investigate the impact of Corporate Social Responsibility on the listed companies’ share price in order to evaluate and analyse its contribution to their increases. In the below portion, the research questions with its objectives are listed and briefly discussed below: - What Impact the Corporate Social Responsibility (CSR) Disclosure would made on the Corporate Financial Performance (CFP)? - Is it any relationship exists between the firm’s CSR and its performance based on its share prices. - Identify at least one dimension of Corporate Social Responsibility (CSR) which would be positively related to Corporate Financial Performance (CFP)? - Investigate and Presents the benefits of CSR’s implementation to the UK’s Food Industry financial and market performance? So it is cleared that the questions are properly designed in order to accomplish the core objective of the Proposed Research Paper.
Relationships Between Corporate Social Responsibility And Financial Performance
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Author : Gerard Hirigoyen
language : en
Publisher:
Release Date : 2014
Relationships Between Corporate Social Responsibility And Financial Performance written by Gerard Hirigoyen and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014 with categories.
This study examines the causal relationships between the various dimensions of corporate social responsibility (human resources, human rights in the workplace, societal commitment, respect for the environment, market behavior and governance) and financial performance (return on equity, return on assets, market to book ratio).Research Findings/Insights: This study is based on a sample of 329 listed companies in three geographical areas (the United States, Europe and the Asia-Pacific region) for the years 2009 and 2010. Linear regression analysis and the Granger causality test were used to examine the causal relationships between social responsibility and financial performance. The results show not only that greater social responsibility does not result in better financial performance, but also that financial performance negatively impacts corporate social responsibility.Theoretical/Academic Implications: This study seems to confirm the Managerial Opportunism Hypothesis which postulates that corporate social responsibility has a negative influence on financial performance. In this sense, it contradicts the hypothesis of a virtuous circle, i.e. there is a positive relationship and mutual reinforcement between financial performance and social responsibility.Practitioner/Policy Implications: This study raises questions about the changes that must be made in corporate social responsibility towards greater “shared value”. This implies taking the needs of stakeholders seriously and forming alliances with the various local actors. The challenge is not to protect the environment in which businesses operate, but that businesses, through gaining the respect and esteem of their partners, should enhance their competitiveness. In doing so, companies create economic value by creating social value.
People And Profits
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Author : Joshua Daniel Margolis
language : en
Publisher: Psychology Press
Release Date : 2001-04-01
People And Profits written by Joshua Daniel Margolis and has been published by Psychology Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001-04-01 with Business & Economics categories.
What is the relationship between the social performance of companies and their financial performance? More colloquially, can a firm effectively attend to both people and profits as it conducts its business? This question has been investigated in no fewer than 95 empirical studies published since 1972. The authors have assembled a compendium of this research to give researchers and practitioners alike a broad overview of these 95 studies and a systematic database detailing the content of each one. This book provides a comprehensive portrait of this research literature. It begins with a broad orientation to the literature, exploring why the link between social and financial performance has been subject to continual inquiry and often heated debate. The authors then present an integrated overview of the 95 studies. Through the charts and tables, the authors illuminate the nature of the studies conducted; the data samples selected for investigation; the ways in which financial and social performance have been measured; and the overall tally of results.
The Business Case For Corporate Social Responsibility
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Author : Philipp Schreck
language : en
Publisher: Springer Science & Business Media
Release Date : 2009-01-29
The Business Case For Corporate Social Responsibility written by Philipp Schreck and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-01-29 with Business & Economics categories.
Profound and conceptual analysis of linkages between CSR and financial performance Overview of recent empirical studies in CSR Econometric analysis of relation between corporate social and firm performance
Interaction Between Csr And Financial Performance Comparing The Largest Multinational Fmcg Corporations In Europe And The Usa
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Author : Evgeny Nosenko
language : en
Publisher: GRIN Verlag
Release Date : 2015-05-22
Interaction Between Csr And Financial Performance Comparing The Largest Multinational Fmcg Corporations In Europe And The Usa written by Evgeny Nosenko and has been published by GRIN Verlag this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-05-22 with Business & Economics categories.
Seminar paper from the year 2014 in the subject Business economics - Business Ethics, Corporate Ethics, grade: 9 out of 10 (max. 10), , course: 3, language: English, abstract: Several research studies have examined corporate social responsibility (CSR) and its effects on business performance, but their results vary widely. This paper studies the interaction between social, environmental and short-term financial performance. Using a sample of the 16 largest multinational FMCG companies from the US and Europe covering the period 2005-2012 and employing two different test methods, namely ordinary least squares (OLS) and Granger causation. We demonstrate that while all CSR dimensions have significant financial effects, there has been only one causality link found between employment structure and short-term profitability.
Corporate Social Responsibility And Corporate Financial Performance
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Author : Tracy Koo
language : en
Publisher:
Release Date : 2016
Corporate Social Responsibility And Corporate Financial Performance written by Tracy Koo and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016 with categories.
In the recent decade, the study of the relationship between corporate social responsibility (CRS) and firm's financial performance has been a hot topic in the academic world. This study examines the linkage between corporate social responsibility (CSR) and corporate financial performance. In this study, we investigate the relationship by analyzing the correlation of the corporate social responsibility rating based on KLD scores and several financial performance measurements based on accounting measures. The result indicates that there are significant correlations between corporate social responsibility and corporate financial performance. Though, this study does not explore the direction of the causality between them, where further research can be done to have a better understanding of the relationship.
The Relationship Between Corporate Social Performance And Corporate Financial Performance In The Banking Sector
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Author : Maria-Gaia Soana
language : en
Publisher:
Release Date : 2016
The Relationship Between Corporate Social Performance And Corporate Financial Performance In The Banking Sector written by Maria-Gaia Soana and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016 with categories.
Since the 1970's Anglo-American studies have investigated the theme of corporate social responsibility (CSR). Numerous studies have focused on the analyzes of the possible costs and benefits that would result from the implementation of socially responsible initiatives in order to understand whether such initiatives entail economic and financial loss, or on the contrary, whether they guarantee the achievement of a competitive advantage.To this aim, numerous quantitative studies have been carried out to establish, largely in samples of multiple industries, the relationship between corporate social performance (CSP) and corporate financial performance (CFP). Such analyzes, however, have produced conflicting results and any attempt to give a generalized and coherent conclusion has proved inadequate. The present work attempts to investigate the possible connection between social performance and financial performance in the banking sector. In a sample of national and international banks, the eventual correlation between social performance (proxied using ethical ratings) and financial-economic performance (proxied using market and accounting ratios) has been examined. It emerges from these analyzes that there is no statistically significant link that indicates any positive or negative correlation between CSP and CFP.
Corporate Responsibility
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Author : Ronny Manos
language : en
Publisher: Springer
Release Date : 2016-02-02
Corporate Responsibility written by Ronny Manos and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-02-02 with Business & Economics categories.
The decision to engage in corporate social action (CSA), and the debates regarding its costs, benefits and implications to corporate performance represent a demanding issue for scholars and managers. Research is inconclusive regarding the causal relations between CSA, corporate social performance (CSP) and corporate financial performance (CFP), despite numerous empirical and theoretical studies devoted to the issue. This book presents an in-depth study of corporate social action and the factors influencing a decision to engage in it. Going beyond the causal relationship between CSA and firm performance, the book stresses the link between CSA and a firm's core managerial policies and practices, reflecting the complexity and varied facets of CSA and the numerous internal and external factors that influence its outcomes. The book draws on the experiences of various industrial sectors to reveal the importance of a range of issues such as top management pay dispersion and ownership structure, which may influence the firm's decision to engage in CSA. It also explores some of the external influences on firms, such as institutional norms, the geopolitical environment and the industrial sector. The first part of the book provides an overview of the thematic issues of CSA and performance. The second part presents a series of empirical studies that examine factors and determinants of CSA. The third part presents case studies to illustrate the processes and outcomes of CSA policy and strategy in environmentally hazardous industries.
Relationship Between Corporate Social Performance And Financial Performance Of Private Sector Banks In India
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Author : Dhanasekar Dhamotharan
language : en
Publisher:
Release Date : 2020
Relationship Between Corporate Social Performance And Financial Performance Of Private Sector Banks In India written by Dhanasekar Dhamotharan and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020 with categories.
The effects of Corporate Social Performance on the performance of firms, have been brought out by many studies. But this study proposes to examine the relationship between Corporate Social Performance and Corporate Financial Performance of private sector banks in India. The sample for this study consisted of only top 10 private sector banks. Four variables of Corporate Social Performance and four variables of Corporate Financial Performance were used in this study. The study found that there was positive relationship between Corporate Social Performance and Corporate Financial Performance in private banks of India. In other words, the social performance activities could be improved with the help of financial performance of private sector banks in India.
