The Relation between CSR and Financial Performance: A Static and Dynamic Panel Data Analysis - Couverture souple

Corthouts, Charles

 
9783845418889: The Relation between CSR and Financial Performance: A Static and Dynamic Panel Data Analysis
Couverture souple
ISBN 10 : 3845418885 ISBN 13 : 9783845418889
Editeur : LAP LAMBERT Academic Publishing, 2011

Synopsis

This research aims at understanding the interrelation between Corporate Social Responsibility (CSR) and financial performance. Corporate Social Responsibility has gained increasing attention in both academic and business literature and companies find themselves under increasing pressure, both from a legal and social perspective, to take into account social and environmental issues. This is why we notice more and more initiatives to implement CSR in business strategies and to improve transparency through the publication of annual CSR reports and rankings. Our analysis on distinct industries shows differing relations between CSR and financial performance. This brings us to the conclusion that the relation depends strongly on unobservable industry- and firm-specific effects and the businesses’ internal and external environment. Furthermore, our findings suggest that CSR initiatives tend to be cyclical, depending on the efficiency of the firm, and lead to the belief that the relation between CSR and financial performance tends to take the form of a virtuous circle.

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Présentation de l'éditeur

This research aims at understanding the interrelation between Corporate Social Responsibility (CSR) and financial performance. Corporate Social Responsibility has gained increasing attention in both academic and business literature and companies find themselves under increasing pressure, both from a legal and social perspective, to take into account social and environmental issues. This is why we notice more and more initiatives to implement CSR in business strategies and to improve transparency through the publication of annual CSR reports and rankings. Our analysis on distinct industries shows differing relations between CSR and financial performance. This brings us to the conclusion that the relation depends strongly on unobservable industry- and firm-specific effects and the businesses’ internal and external environment. Furthermore, our findings suggest that CSR initiatives tend to be cyclical, depending on the efficiency of the firm, and lead to the belief that the relation between CSR and financial performance tends to take the form of a virtuous circle.

Biographie de l'auteur

Charles Corthouts has obtained a BSc in Applied Business Management and Environmental Sciences at the University of Kent (UK) in 2010 and a MSc Finance at Imperial College London (UK) in 2011. Since then he has been working as a consultant at Roland Berger Strategy Consultants in Brussels (Belgium).

Les informations fournies dans la section « A propos du livre » peuvent faire référence à une autre édition de ce titre.

Éditeur
LAP LAMBERT Academic Publishing
Date d'édition
2011
Langue
anglais
ISBN 10 
3845418885
ISBN 13 
9783845418889
Reliure
Broché
Nombre de pages
64
Coordonnées du fabricant
non disponible
Personne responsable
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