The Relation between CSR and Financial Performance

Charles Corthouts

ISBN 10: 3845418885 / ISBN 13: 9783845418889

Published by LAP LAMBERT Academic Publishing Jul 2011, 2011

About this Item

Neuware -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.Books on Demand GmbH, Überseering 33, 22297 Hamburg 64 pp. Englisch.

Seller Inventory # 9783845418889

Bibliographic Details

• Title: The Relation between CSR and Financial Performance
• Publisher: LAP LAMBERT Academic Publishing Jul 2011
• Publication Date: 2011
• Language: English
• ISBN 10: 3845418885
• ISBN 13: 9783845418889
• Binding: Taschenbuch
• Condition: Neu
• Dimensions: 220W x 150H x 4D millimeters 220 millimeters width by 150 millimeters height by 4 millimeters depth
• Weight: 113 grams

About this title

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.

About the Author

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).