Corporate Social Responsibility and Financial Performance: The Moderating Role of Ownership Concentration in Turkey
Keyword(s):
The objective of this study is to investigate the impact of corporate social responsibility (CSR) engagement on firm financial performance in a developing country, Turkey, and to analyze the moderating role of ownership concentration in the CSR–financial performance relationship. The sample consists of non-financial public firms listed on the Borsa Istanbul (BIST)-100 index and covers the period between 2014 and 2018. Empirical results using an instrumental variable approach show that corporate social responsibility has a positive relationship with financial performance. Furthermore, findings indicate that this relationship is negatively moderated by ownership concentration even when endogeneity is controlled for.
2019 ◽
Vol 27
(3)
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pp. 1395-1409
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2021 ◽
pp. 74-86
2019 ◽
Vol 27
(1)
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pp. 166-177
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2020 ◽
Vol ahead-of-print
(ahead-of-print)
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2016 ◽
Vol 149
(3)
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pp. 671-688
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2013 ◽
Vol 25
(5)
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pp. 631-652
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2021 ◽