scholarly journals The Association Between Corporate Social Responsibility And Corporate Financial Performance

2014 ◽  
Vol 8 (2) ◽  
pp. 82 ◽  
Author(s):  
Adrian Himawan Santoso ◽  
Yie Ke Feliana
Keyword(s):  
Financial Performance ◽  
Firm Size ◽  
Positive Impact ◽  
Stock Exchange ◽  
Corporate Financial Performance ◽  
Company Performance ◽  
Corporate Social Disclosure ◽  
Period 2 ◽  
Size Growth ◽  
Corporate Social

The objectives of this study is to investigate the association between CSR and Corporate Financial Performance (CFP). This study investigates 800 firms listed on Indonesian Stock Exchange in 2010 - 2012. Financial performance is measured by accounting-based approach and stock-market-based approach. While, CSR practices is measured by Corporate Social Disclosure Index (CSRDI). Thus, the association was analyzed under multivariate linear regression by considering time difference. Firm size, growth, and risk are included as control variables. This study finds: (1) CSR provides positive impact on the financial performance until one next period; (2) financial performance measured by ROA influence positively CSR only the next two years; (3) there is significant positive relationship between firm size and CSR. The paper has implications in enhancing the understanding of company performance through understanding the association between CSR and CFP. This may increase the understanding of the association between CSR and CFP. The findings of this study contribute<br />to the literature and regulator  on CSR.

scholarly journals Who Is the Beneficiary of Slack on Corporate Financial Performance and Corporate Philanthropy? Evidence from South Korea

2019 ◽  
Vol 11 (1) ◽  
pp. 252 ◽  
Author(s):  
Seungwha (Andy) Chung ◽  
Hyunsang Pyo ◽  
Andres Guiral
Keyword(s):  
Financial Performance ◽  
Corporate Philanthropy ◽  
Corporate Social Performance ◽  
Positive Impact ◽  
Social Performance ◽  
Corporate Financial Performance ◽  
Stakeholder Relations ◽  
Stakeholder Groups ◽  
Corporate Giving ◽  
Corporate Social

As stakeholder relations vary depending on firm characteristics, the associations among corporate financial performance (CFP), corporate giving, and corporate social performance (CSP) are complex. In this paper, we contribute to the literature by exploring CFP as a predictor of CSP by differentiating the stakeholder groups that firms interact with; that is, primary versus secondary stakeholder relations. Our study also extends the existing literature by examining who the beneficiaries of corporate philanthropy are, and the role played on the CFP/CSP association. By extracting a sample of 52 firms and 312 firm-year observations from the Korea Economic Justice Institute database, we find that while CFP has a positive effect only on primary stakeholder relations, corporate philanthropy has a positive impact on both primary and secondary stakeholder relations. Furthermore, we observe an overall influence of CFP on stakeholder relations when corporate philanthropy is high. Our findings suggest that differentiating multiple stakeholder groups together with the role played by corporate philanthropy provides a more valuable and meaningful analysis of the antecedents of CSP.

scholarly journals Empirical Research Towards the Factors Influencing Corporate Financial Performance on the Bucharest Stock Exchange

2014 ◽  
Vol 61 (2) ◽  
pp. 219-233 ◽  
Author(s):  
Georgeta Vintilă ◽  
Elena Alexandra Nenu ◽  
Ştefan Cristian Gherghina
Keyword(s):  
Financial Performance ◽  
Stock Exchange ◽  
Social Performance ◽  
Negative Relationship ◽  
Positive Influence ◽  
Corporate Financial Performance ◽  
Return On Equity ◽  
Equity Ratio ◽  
Potential Factors ◽  
Corporate Social

Abstract This study aims to investigate the potential factors of influence on corporate financial performance, by using the panel data regression analysis. The research was employed for a sample consisting of 40 companies listed on the Bucharest Stock Exchange, over the period 2010-2012. Corporate financial performance considered as the dependent variable was proxied through return on assets, return on equity, and Tobin’s Q ratio. There were selected the following factors that could influence corporate financial performance: capital structure, firm size, and corporate social responsibility involvement. Likewise, several control variables have been introduced: structure of the ownership and institutional investors. The results show a strong negative relationship between corporate financial performance and debt to equity ratio. Also, there has been revealed a positive influence of the company size on performance, although weak. Furthermore, the relationship between financial performance and social performance has been statistically validated, both using accounting and market ratios.

scholarly journals The Role of Firm Strategy to Intervene the Influence of Corporate Social Performance on Corporate Financial Performance

2017 ◽  
Vol 2 (3) ◽  
pp. 21-28
Author(s):  
Bayu Aprillianto ◽  
Yosefa Sayekti
Keyword(s):  
Financial Performance ◽  
Corporate Social Performance ◽  
Stock Exchange ◽  
Social Performance ◽  
Empirical Studies ◽  
Firm Strategy ◽  
Capital Intensity ◽  
Corporate Financial Performance ◽  
Strategic Csr ◽  
Corporate Social

Objective - A Corporate Social Responsibility (CSR) implementation has been implemented since over 50 years ago. All of the CSR implementation divided into two categories, namely Strategic CSR and Non-Strategic CSR. A Strategic CSR implementation should consider the firm strategy based on the CSR concept and firm strategy. Some empirical studies have tested the influence of CSR on Corporate Financial Performance. The results of those studies are still inconclusive. Methodology/Technique - The purpose of this study is to analyze firm strategy as intervening variable between Corporate Social Performance and Corporate Financial Performance. This study used capital intensity and product differentiation to measure the firm strategy. The samples were 33 companies of LQ-45, listed in Indonesian Stock Exchange. Findings - The results did not indicate that firm strategy intervenes the influence of Corporate Social Performance on Corporate Financial Performance, both directly and indirectly. Novelty - The research suggests future studies to employ the other ratios representing Firm Strategy that will strengthen the literature. Type of Paper - Empirical Keywords: Corporate Financial Performance; Corporate Social Performance; Firm Strategy; Non-Strategic CSR; Strategic CSR. JEL Classification: L25, M14, M41

scholarly journals The Impact of Corporate Social Responsibility on the Financial Performance of Listed Companies in Thailand

2021 ◽  
Vol 13 (16) ◽  
pp. 8920
Author(s):  
Muttanachai Suttipun ◽  
Pankaewta Lakkanawanit ◽  
Trairong Swatdikun ◽  
Wilawan Dungtripop
Keyword(s):  
Financial Performance ◽  
Negative Impact ◽  
Positive Impact ◽  
Stock Exchange ◽  
Panel Data Analysis ◽  
Descriptive Analysis ◽  
Listed Companies ◽  
Annual Reports ◽  
Corporate Social ◽  
The Impact

This study aims to: (1) investigate the amount of corporate social and environmental responsibility (CSR) spending, awards, and activities of listed companies in the Stock Exchange of Thailand (SET) and in the Market for Alternative Investment (MAI); (2) test the impact of CSR spending, awards, and financial performance activities; and (3) examine the amount of CSR spending, awards, and activities between companies with and without a CSR committee. The sample included all the listed companies in the resource industry from the SET and the MAI. The data were collected from the companies’ annual reports from 2015 to 2019. Descriptive analysis, an independent-sample t-test, a correlation matrix, and an unbalanced panel data analysis were used to analyze the data. The average level of spending per activity was 2.2964 million baht. There were, on average, 2.1741 awards and 11.4178 activities during the studied period. Moreover, there was a significant negative impact of CSR spending, and a positive impact of CSR awards and activities, on corporate financial performance. Finally, there was a significantly different amount of CSR spending, awards, and activities between the companies with and without a CSR committee. The findings of this study demonstrate that legitimacy theory can be used to explain the benefit of CSR to Thai-listed companies, although CSR is still a voluntary corporate responsibility in Thailand.

scholarly journals Corporate Management Reviewed from Financial Performance Viewed from Corporate Social Responsibility

2021 ◽  
Vol 2 (1) ◽  
pp. 30-34
Author(s):  
Eko Meiningsih Susilowati
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Financial Performance ◽  
Firm Size ◽  
Stock Exchange ◽  
Media Exposure ◽  
Sampling Technique ◽  
Corporate Management ◽  
Manufacturing Companies ◽  
Corporate Social

ABSTRACT   This research aims to examine the financial performance viewed from corporate social responsibility in manufacturing companies enlisted in Indonesian Stock Exchange in 2017. The population of research consisted of manufacturing companies enlisted in Indonesian Stock Exchange. The sample employed was manufacturing companies enlisted in Indonesian Stock Exchange in 2017. The sampling technique used was purposive sampling one. Data analysis was conducted using a multiple linear regression. The result of research showed that media exposure and firm size affect positively and significantly the disclosure of corporate social responsibility. Meanwhile, leverage and profitability affect positively but insignificantly the disclosure of corporate social responsibility in manufacturing companies. The result of adjusted R2 test in this research showed value of 0.297. It means that the disclosure of corporate social responsibility is affected by media exposure variable, firm size, leverage and profitability by 29.7%, while the rest of 79.3% was affected by other factors excluded from this study.   Keywords: financial performance, corporate social responsibility  

Analytical Review of Corporate Social Responsibility and Corporate Financial Performance of Some Firms from Within and Outside Nigeria

2018 ◽  
Vol 2 (1) ◽  
pp. 7-17
Author(s):  
Abdulrahman S
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Financial Performance ◽  
Positive Impact ◽  
Empirical Studies ◽  
Corporate Financial Performance ◽  
The Public ◽  
Negative Results ◽  
Analytical Review ◽  
Corporate Social

This study analyzed the Corporate Social Responsibility (CSR) of firms with their Corporate Financial Performance (CFP) based on contextual content analysis. The study forge ahead to compare the outcomes of various conceptual and empirical studies that deals with CSR and CFP from within and outside the domicile of Nigeria. The findings from the previous studies showed conflicting results or outputs (i.e. many positive outcomes, some negative results while very few showed neutral relationship between CSR and CFP of firms). Therefore, this study is of the opinion that there is a positive cordiality between CSR and CFP because more than 50% of the authorities/scholars in the field proved it conceptually and empirically that there is positive relationship among the two concepts (i.e. CSR and CFP). As such, the issue of CSR should be given a more consideration by all the parties to it (i.e. Employees, Employers, Government, Researchers, Management and the Public at large). Since, it yields positive impact to the CFP of Firms as such a dedicated agency or commission should be established to be monitoring the Firms toward real implementation of CSR.

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