The Relationship Between Corporate Social Responsibility And Financial Performance
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Social Responsibility And Sustainability
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Author : Walter Leal Filho
language : en
Publisher: Springer
Release Date : 2019-01-14
Social Responsibility And Sustainability written by Walter Leal Filho and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-01-14 with Business & Economics categories.
This book comprehensively describes social responsibility and sustainable development, with contributions from scientists and representatives from industry working in the field. The papers are innovative, cross-cutting and many share practice-based experiences, some of which may be replicable elsewhere. Prepared by the Inter-University Sustainable Development Research Programme (IUSDRP) and the World Sustainable Development Research and Transfer Centre (WSD-RTC), it reiterates the current need to promote social responsibility. Social responsibility and sustainable development are two different concepts, whose integration over the years has led to significant advances in the way enterprises see and perceive their operations. It is not only about policies or steps taken to meet legal requirements, but is also about social equality and environmental accountability, also bearing in mind the links with eco-efficiency, innovation, and the health and wellbeing of workers. According to ISO 26000, social responsibility is the responsibility of an organisation for the impacts of its decisions and activities on society and the environment, through transparent and ethical behaviour that: a) contributes to sustainable development, including health and the welfare of society b) takes into account the expectations of stakeholders c) is in compliance with applicable law and consistent with international norms of behaviour d) is integrated throughout the organisation and practised in its relationships. But even though the relations between social responsibility and sustainability are strong, it is still necessary to encourage organisations to adhere to, or at least follow the principles of sustainable development in their operations, giving something back to the community. As such, there is a need for a better understanding of how social responsibility is related to sustainable development, and of the identification of processes, methods and tools that may help the integration of these two important elements. There is also a real need to showcase successful examples of how to structure behaviour and institutional practice in line with the sustainability challenges we face today. Chapter [Reviewing the Stakeholder Value Creation Literature: Towards a Sustainability Approach] is available open access under a Creative Commons Attribution 4.0 International License via link.springer.com.
Corporate Responsibility And Financial Performance
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Author : Moses Pava
language : en
Publisher: Praeger
Release Date : 1995-08-30
Corporate Responsibility And Financial Performance written by Moses Pava and has been published by Praeger this book supported file pdf, txt, epub, kindle and other format this book has been release on 1995-08-30 with Business & Economics categories.
The core idea of corporate social responsibility, the notion that companies have a responsibility beyond legal requirements, is by now deeply embedded in the corporate cultures of the largest U.S. companies. The authors suggest that productive debate now focuses on the following two issues. First, what are the impacts of existing corporate social responsibility programs for the corporation? And, second, what constitutes the precise contours of this responsibility? This book explores these two themes. The issue of how corporate social responsibility affects individual companies engaged in socially responsible activities is not well understood. Further, the distinction between legitimate and illegitimate corporate social responsibility activities has not always been clearly drawn. This book, therefore, is designed to fill in some of the gaps in our understanding. This is done by carefully organizing and reviewing the relevant and growing literature on corporate social responsibility. In addition, this book reports on the results of two original empirical studies designed to further explore the relationship between corporate social responsibility and traditional financial performance. This book has profound implications for business executives and researchers in finance, accounting, business ethics, and business and society.
Corporate Responsibility And Financial Performance
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Author : Moses Pava
language : en
Publisher: Praeger
Release Date : 1995-08-30
Corporate Responsibility And Financial Performance written by Moses Pava and has been published by Praeger this book supported file pdf, txt, epub, kindle and other format this book has been release on 1995-08-30 with Business & Economics categories.
The core idea of corporate social responsibility, the notion that companies have a responsibility beyond legal requirements, is by now deeply embedded in the corporate cultures of the largest U.S. companies. The authors suggest that productive debate now focuses on the following two issues. First, what are the impacts of existing corporate social responsibility programs for the corporation? And, second, what constitutes the precise contours of this responsibility? This book explores these two themes. The issue of how corporate social responsibility affects individual companies engaged in socially responsible activities is not well understood. Further, the distinction between legitimate and illegitimate corporate social responsibility activities has not always been clearly drawn. This book, therefore, is designed to fill in some of the gaps in our understanding. This is done by carefully organizing and reviewing the relevant and growing literature on corporate social responsibility. In addition, this book reports on the results of two original empirical studies designed to further explore the relationship between corporate social responsibility and traditional financial performance. This book has profound implications for business executives and researchers in finance, accounting, business ethics, and business and society.
Contemporary Issues In Finance
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Author : Simon Grima
language : en
Publisher: Emerald Group Publishing
Release Date : 2016-11-09
Contemporary Issues In Finance written by Simon Grima and has been published by Emerald Group Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-11-09 with Business & Economics categories.
Including studies on different topical issues in finance by the participants of the 8th international scientific conference “New Challenges of Economic and Business Development – 2016” this new work contains research from various European countries, specifically Germany, Italy, Latvia, Malta, and Poland.
The Relationship Between Corporate Social Responsibility And Financial Performance
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Author : ZiYan Zhang
language : en
Publisher:
Release Date : 2016
The Relationship Between Corporate Social Responsibility And Financial Performance written by ZiYan Zhang 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.
The Relationship Of Corporate Social Responsibility And Financial Performance
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Author : Eunice Mareth Querol-Areola
language : en
Publisher:
Release Date : 2017
The Relationship Of Corporate Social Responsibility And Financial Performance written by Eunice Mareth Querol-Areola and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017 with categories.
This paper studies the Corporate Social Responsibility and Financial Performance relationship among selected companies in the ASEAN countries of Indonesia, Malaysia, Philippines and Thailand during a 10-year period ending 2015. Financial performance was determined using financial ratios of Return on Assets, Return on Equity, Return on Capital Employed, Gross Margin, Net Profit Margin, Earnings per Share, Price to Earnings Ratio, Price to Book Value Ratio, Price to Cash Flow Ratio and Dividends Yield Ratio. Corporate Social Performance was determined using author-created sustainability scoring based on the presence or absence of identified Corporate Social Responsibility reporting factors for the year. The relationship of Corporate Financial Performance and Social Performance was statistically determined using Pearson Product Moment Correlation, with other variables namely company size and level of risk. The study revealed mixed results whereby the CSR and Financial Performance of selected companies in the Southeast Asian countries of Indonesia, Malaysia, Philippines and Thailand exhibited positive, negative and neutral correlation at various significance levels. Consistent with previous studies, the Southeast Asian corporate situation illustrates a mixed relationship between Financial Performance and Corporate Social Responsibility performance following the theories described under the Stakeholder theory, the Shareholder theory and some aspects of New Corporate Governance. This study further suggests that regardless of financial situation, Southeast Asian companies are encouraged to perform well in the environment, social and governance standards.
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 Explanatory Relationship Between Corporate Social Responsibility And Financial Performance In U S Companies
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Author : Valerie Y. Waller
language : en
Publisher:
Release Date : 2016
The Explanatory Relationship Between Corporate Social Responsibility And Financial Performance In U S Companies written by Valerie Y. Waller 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.
Relationship Between Corporate Social Responsibility Environmental Management And Profitability
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Author : Daisy Valentin
language : en
Publisher: Dissertation.com
Release Date :
Relationship Between Corporate Social Responsibility Environmental Management And Profitability written by Daisy Valentin and has been published by Dissertation.com this book supported file pdf, txt, epub, kindle and other format this book has been release on with Business & Economics categories.
The U.S. hospitality industry's profitability has been shifting to environmental management and corporate social responsibility (CSR) practices. Hospitality industries accounted for 5% of the global market in 2015 and are expected to increase by 130% in 2035. Grounded in stakeholder theory, this correlation study examined the relationship between corporate sustainability officer (CSO) CSR, CSO environmental management, and hospitality business profitability. Secondary data were collected from 97 hotel websites of the Minneapolis-St. Paul, Minnesota from 2014 to 2016. The multiple linear regression combinations of CSR and environmental management (EM) measured significantly related to the profitability index, F(3, 93) = 4.67, p < .001, adj. R2 = .13. The sample multiple correlation coefficients were .36, indicating approximately 13% of the variance of the profitability index. The multiple linear regression combinations of CSR measures significantly related to the profitability index, F(2,94) = 6.05, p < .001, adjusted R2 = .11. The sample multiple correlation coefficients were .34, indicating approximately 11% of the variance of the profitability index. The linear combination of EM measures were not significantly related to the profitability index, F(2,94) = 2.91, p < .001, adjusted R2 = .06. The sample multiple correlation coefficients were .24, indicating approximately 6% of the variance of the profitability index. The implications for positive social change include the potential to identify hospitality industry leaders involved in environmental management who have a CSR to promote social change in their communities.
Research On Professional Responsibility And Ethics In Accounting
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Author : Cynthia Jeffrey
language : en
Publisher: Elsevier
Release Date : 2004-09-17
Research On Professional Responsibility And Ethics In Accounting written by Cynthia Jeffrey and has been published by Elsevier this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004-09-17 with Business & Economics categories.
High-quality research and case studies that focus on the professional responsibilities of accountants and how they deal with the ethical issues they face. This series features articles on a broad range of important and timely topics, including professionalism, social responsibility, ethical judgment, and accountability.