• 主题
高级搜索  >
历史搜索 清空历史
首页> 外文期刊>International Journal of Business and Management >CSR and Financial Performance: Trick Or Treat? A Longitudinal Study on Holistic CSR Practices
【24h】

CSR and Financial Performance: Trick Or Treat? A Longitudinal Study on Holistic CSR Practices

机译：企业社会责任与财务绩效：是捣蛋？企业社会责任整体实践的纵向研究

获取原文
       
页面导航
  • 摘要
  • 著录项
  • 相似文献
  • 相关主题

摘要

This paper aims to test the impact that a firm’s adopted CSR level has on its financial performance, in terms of accounting, financial and market-based measures. In particular, we employ a panel OLS analysis to test the effect of firm’s sustainable efforts (measured by the “Sustainable score”, a tailor-made variable) on three performance measures: return on assets (ROA), return on equity (ROE) and Tobin’s Q. This work provides for methodological differences that led to divergent research results over existing literature in the field, examining the relationship of interest within three timeframes that exploit underlying dynamics over both long- and short-term horizons. Furthermore, we contributed to current knowledge focusing on the effect of holistic CSR practices on financial performance and examining the impact of the 2007 financial crisis on the relationship. To that end, we have employed a customized measure to represent effective CSR practices that go beyond CSR-washing cases and studies of CSR through single-dimension variables, while quantitatively exploring the relationship of interest within three separate time periods that span both before and after the financial meltdown of 2007. Results highlight a positive relationship between the operating and financial performance of companies and their sustainability commitment. What is more, findings indicate that CSR individual actions do not produce any significant impact on firms’ performance, unless applied jointly through a holistic sustainability strategy. Finally, the relationship between the sustainability level of a firm and its financial performance presents various significance levels and temporal profiles, with the years to follow the financial downturn of 2007 presenting the strongest results as opposed to the absence of important influence during the pre-crisis period.
机译：本文旨在从会计，财务和基于市场的角度测试企业采用CSR级别对其财务绩效的影响。尤其是，我们采用面板OLS分析来测试公司的可持续努力（通过“可持续得分”（量身定制的变量来衡量））对三种绩效指标的影响：资产回报率（ROA），股本回报率（ROE）这项工作提供了方法上的差异，从而导致对该领域现有文献的研究结果存在分歧，在三个时间范围内研究了长期和短期内潜在动力之间的利益关系。此外，我们为当前的知识做出了贡献，重点是全面的企业社会责任实践对财务绩效的影响，并研究了2007年金融危机对该关系的影响。为此，我们采用了量身定制的方法来代表有效的CSR实践，这些实践超越了清洗CSR案例和通过一维变量研究CSR的范围，同时在前后三个不同的时间段内定量探索了利益关系。这是2007年财务危机的结果。结果突显了公司的运营和财务绩效与其可持续发展承诺之间的积极关系。此外，研究结果表明，除非通过整体可持续发展战略共同实施，否则企业社会责任的个别行动不会对公司的业绩产生任何重大影响。最后，公司的可持续发展水平与其财务绩效之间的关系呈现出各种显着性水平和时态分布，2007年财务下滑之后的几年呈现出最强劲的结果，而不是在危机前没有重要影响期。

著录项

相似文献

  • 外文文献
  • 中文文献
  • 专利
获取原文

客服邮箱：kefu@zhangqiaokeyan.com

京公网安备：11010802029741号 ICP备案号：京ICP备15016152号-6 六维联合信息科技 (北京) 有限公司©版权所有

  • 客服微信

  • 服务号