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Research papers on Corporate social responsibility

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  1. CORPORATE SOCIAL RESPONSIBILITY AND FIRM FINANCIAL PERFORMANCE.

    Jean Β. McGuire, Alison Sundgren, Thomas Schneeweis · 1988 · Academy of Management Journal · 3,148 citations

    Using Fortune magazine's ratings of corporate reputations, we analyzed the relationships between perceptions of firms’ corporate social responsibility and measures of their financial performance. Results show that a firm's prior performance, assessed by both stock-market returns and accounting-based measures, is more closely related to corporate social responsibility than is subsequent performance. Results also show that measures of risk are more closely associated with social responsibility than previous studies have suggested.

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  2. Corporate social responsibility and firm performance: Investor preferences and corporate strategies

    Alison Mackey, Tyson Brighton Mackey, Jay Bryan Barney · 2007 · Academy of Management Review · 1,184 citations

    We address the debate about whether firms should engage in socially responsible behavior by proposing a theoretical model in which the supply of and demand for socially responsible investment opportunities determine whether these activities will improve, reduce, or have no impact on a firm's market value. The theory shows that managers in publicly traded firms might fund socially responsible activities that do not maximize the present value of their firm's future cash flows yet still maximize the market value of the firm.

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  3. Climate Risk, Corporate Social Responsibility, and Firm Performance

    Aydin Ozkan, Hüseyin Temiz, Yılmaz Yıldız · 2022 · British Journal of Management · 270 citations

    Abstract We examine the impact of climate risk on firm performance with a focus on the moderating role of corporate social responsibility (CSR). Further, we explore how the interaction between climate risk and CSR changes with national culture and religion. Our findings show that firms in countries with greater climate risks are associated with higher levels of CSR activities, possibly suggesting that firms respond to climate risks by engaging in more CSR activities. We then provide robust evidence that higher CSR significantly mitigates the performance‐reducing impact of climate risk. Importantly, the moderating effect of CSR is more pronounced in countries characterized by low individualis

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  4. Corporate social responsibility and firm performance: a theory of dual responsibility

    Marwan Ahmad Alshammari, Soumendra Nath Banerjee, Abdul A Rasheed · 2021 · Management Decision · 170 citations

    Purpose The authors aim to develop and test a theory of dual responsibility to explain the relationship between corporate social responsibility (CSR) and firm performance. The authors empirically examine whether firms that meet their economic and social responsibilities simultaneously perform better than firms that fail to do so. In doing so, the authors theoretically extend and empirically test Barney's (2018) call to incorporate the stakeholder perspective with resource-based view (RBV). The authors also examine the moderating effects of firm status on this relationship. Design/methodology/approach The authors use a longitudinal panel sample of 137 S&P 500 firms and data for the years betw

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  5. Corporate social responsibility, firm performance and the moderating effect of earnings management in Chinese firms

    Muhammad Safdar Sial, Zheng Chunmei, Tehmina Khan, et al. · 2018 · Asia-Pacific Journal of Business Administration · 113 citations

    Purpose The purpose of this paper is to examine the relationship between corporate social responsibility (CSR) and firm performance and the moderating role of earnings management on the relationship between CSR and firm performance. Design/methodology/approach The empirical study used the updated data set (3,481 unbalanced observations for period 2009–2015) from Chinese listed companies on Shenzhen and Shanghai stock exchanges. The generalized method of moments (GMM) statistical approach has been used for the analysis. The authors utilized STATA to test GMM on a sample of Chinese listed firms data over the period 2009–2015. The unbalanced sample obtained 3,481 observations from China stock m

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  6. Corporate social responsibility's influence on firm risk and firm performance: the mediating role of firm reputation

    Zia ur Rehman, Asad Khan, Asim Rahman · 2020 · Corporate Social Responsibility and Environmental Management · 112 citations

    The aim of the article is to analyze the influence of corporate social responsibility (CSR) initiatives by firm on firm performance and firm risk. Moreover, the mediating role of firm reputation in CSR/performance and CSR/risk relationship is also examined. Data were collected from European and Asian firms listed on Fortune's Most Admired Countries for the period 2014–2018. Using logit regression model and OLS regressions, we find that CSR has a significant positive influence on firm reputation and firm performance whereas on firm risk it is negative. Based on our results, we also confirm that firm reputation does mediate the relationship between CSR‐firm performance and CSR‐firm risk. This

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  7. Corporate social responsibility, firm performance, and firm risk: the role of firm reputation

    Liu Min, Weijie Lu · 2019 · Asia-Pacific Journal of Accounting & Economics · 75 citations

    This paper examines the impacts of firms’ corporate social responsibility (CSR) engagements on firm performance and firm risk, and explores the underlying mechanisms. We empirically demonstrate the active effect of CSR activities on firm performance improvement and risk mitigation. We further examine the role of firm reputation with published data from Fortune’s Most Admired Companies list. We document a significant positive association between CSR and firm reputation, and find that firm reputation is positively related to firm performance while negatively related to firm risk. Based on our analyses, firm reputation mediates the effects of CSR on firm performance and firm risk. This study co

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  8. Corporate social responsibility, firm performance and tax risk

    Lin Xiaojun, Ming Liu, Simon M. S. So, et al. · 2019 · Managerial Auditing Journal · 41 citations

    Purpose The purpose of this study is to investigate whether corporate social responsibility (CSR) can lower tax risk. Previous studies have demonstrated a negative link between CSR and tax aggressiveness. Generally, corporations engaging in social irresponsibility tend to undertake aggressive tax planning; whereas socially responsible firms enjoy tax savings. Because several recent studies have suggested that lower tax payments do not necessarily create higher tax risk, an exploration of the relationship between CSR and tax risk was not only interesting but also important. Design/methodology/approach Using an ethical perspective of CSR, this paper argues that executives who are nourished by

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  9. Impact of strategic management, corporate social responsibility on firm performance in the post mandate period: evidence from India

    Nayan Mitra · 2021 · International Journal of Corporate Social Responsibility · 21 citations

    Corporate Social Responsibility (CSR) is like a chameleon, that changes its colour according to the context it is in. In the developed economy, it takes the form of sustainability and/ or philanthropy, whereas, in emerging economies, it speaks the language of religious, political and/ or mandated CSR. India, in recent times came into the limelight with its mandated CSR policy that was incorporated into its Companies Act 2013, which became operational from the financial year 2014 - 2015. Mandated CSR is thus a new area of study that is based on the philosophy that ‘CSR should contribute to the national agenda in emerging economies,’ under some statutory guidelines as laid down by the Governme

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  10. Corporate social responsibility disclosure and firm performance: Evidence from Vietnam

    Ngoc Mai Tran, Manh Ha Tran · 2022 · Investment Management and Financial Innovations · 8 citations

    Corporate social responsibility (CSR) is quite a new concept to business and society in Vietnam. Information on CSR reflects a firm’s commitment to ethical behavior in its activities and reputation. However, it is questioned whether the information disclosure has any relationship with firm performance. Employing panel regression of about 200 listed firms on the Vietnam Stock Exchange and space-based measurement of CSR disclosure, the study confirms a positive impact of CSR disclosure on firm performance. Firms use CSR disclosures to indirectly improve their performance. Firms that disclose CSR with greater degree of information experience higher marginal profitability. This finding supports

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  11. Does R&D investment under corporate social responsibility increase firm performance?

    Yu-Chun Lin · 2017 · Investment Management and Financial Innovations · 7 citations

    Research and development (R&D) investment affects firms’ growth and reflects their investment energy. However, it is recorded as an expense in financial statements, according to generally accepted accounting principles (e.g., International Financial Statements Standards). This study examines whether firms’ R&D investment has a positive effect on their performance, when they engage in corporate social responsibility. The author focuses on firms that have earned corporate social responsibility awards from Global Views Magazine, Common Wealth Magazine, and the Taiwan Institute for Sustainable Energy in order to measure firms’ levels of corporate social responsibility engagement.

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  12. The role of knowledge assets and corporate social responsibility in creating firm value

    Kyriakos Christofi, Pieris Chourides, George Papageorgiou · 2024 · Knowledge and Performance Management · 7 citations

    The purpose of this paper is to investigate how knowledge assets and corporate social responsibility jointly influence the market value of a firm. In the contemporary knowledge-driven economy, where competitive advantage is based on intangible and intellectual capital, this paper emphasizes the strategic significance of knowledge assets, open innovation, and sustainable development practices in creating and maximizing market value. By employing multiple regression analysis on panel data for ten financial years, the study examines the optimal composition of knowledge assets and the impact of CSR initiatives on firm value. Key findings highlight a crucial threshold leading to the peak of marke

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  13. Good Corporate Governance, Corporate Social Responsibility and Firm Performance: Study on Copmpaies Listed in Indonesia Stock Exchange

    Tamarinda Filia Dona dan Sutrisno · 2022 · Account and Financial Management Journal · 2 citations

    One of the obligations of a companies that go public is the disclosure of information and the company's concern for the community as indicated by the company's obligation to implement good corporate governance (GCG) and corporate social responsibility (CSR). This study aims to examine the effect of corporate governance mechanisms and corporate social responsibility on firm performance. Firm performance is measured by return on equity (ROE), while the corporate governance mechanism is proxied by institutional ownership, independent board of commissioner, audit committee, while corporate social responsibility is measured by the number of CSR items disclosed. This study uses firm size as a cont

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  15. Corporate social responsibility, firm performance and tax risk

    Xiaojun Lin, Ming Liu, Simon So, et al. · RePEc: Research Papers in Economics

    Purpose - The purpose of this study is to investigate whether corporate social responsibility (CSR) can lower tax risk. Previous studies have demonstrated a negative link between CSR and tax aggressiveness. Generally, corporations engaging in social irresponsibility tend to undertake aggressive tax planning; whereas socially responsible firms enjoy tax savings. Because several recent studies have suggested that lower tax payments do not necessarily create higher tax risk, an exploration of the relationship between CSR and tax risk was not only interesting but also important. Design/methodology/approach - Using an ethical perspective of CSR, this paper argues that executives who are nourished

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  16. The Threshold Effect of Intellectual Capital on the Corporate Social Responsibility - Firm Performance Nexus in Vietnam

    Hien Thi Thu Hoang, Duc Hong Vo, Ngoc Phu Tran · 2025 · MONTENEGRIN JOURNAL OF ECONOMICS

    In the technology era, intellectual capital is considered by many to be a firm's most important asset.Meanwhile, in economic integration and intense competition, corporate social responsibility is an essential strategy for businesses to grow sustainably.However, while the effects of corporate social responsibility on firm performance have been extensively investigated, the role of intellectual capital to this important link has largely been ignored in the existing literature.As such, this paper examines threshold effect of intellectual capital on this relationship for 60 listed firms Vietnamese listed firms from 2011 to 2021.The generalized method of moments (GMM) and threshold regression me

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  17. The Study of Relationship among Corporate Social Responsibility, Firm Performance and Intellectual Capital

    Guanyu Liu · 2019 · Chinese Culture University Repository

    [[abstract]]本文以2010年至2017年「天下企業公民獎」的得獎企業為研究樣本，探討企業社會責任、企業績效與智慧資本之關聯性。根據聯立方程模型(Simultaneous Equation Models)加以檢測，實證結果發現，企業社會責任與企業績效之間具有正向相互關聯性，且智慧資本與企業社會責任、企業績效有正向影響關係。這表示，企業在履行企業社會責任與投入智慧資本後，可以帶來較佳的企業績效，對於企業的財務表現有正向幫助。 This study examines the relationship among corporate social responsibility, firm performance and intellectual capital. Original sample is selected from the award-winning companies of Excellence in Corporate Social Responsibility over the period from 2010 to 2017. According to the Simultaneous Equation Models, the empirical finding shows that there is correlation between corporate social responsibility and firm performance, and it is found that corporate social responsibility,

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  19. Corporate Social Responsibility Disclosure, Ownership Concentration, and Firm Performance: Evidence from Indonesia

    Nicolas Bayu Kristiawan · 2026 · International Journal of Social Science and Human Research

    This study investigates the association between corporate social responsibility disclosure (CSRD) and firm performance, and investigates whether ownership concentration moderates this relationship in Indonesian listed companies. Grounded in stakeholder and agency theories, the study posits that the economic effects of CSR disclosure are influenced by institutional conditions in emerging markets characterized by concentrated ownership structures. Using data from 92 firms listed on the Indonesia Stock Exchange over the 2013–2018 period, resulting in 552 firm-year observations, the analysis employs multivariate regression models. CSRD is measured based on the Global Reporting Initiative (GRI) G

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  21. PENGARUH CORPORATE SOCIAL RESPONSIBILITY, CORPORATE GOVERNANCE, DAN FIRM AGE TERHADAP FIRM PERFORMANCE

    Joan Adesaputra, Yanti Yanti · 2022 · Jurnal Paradigma Akuntansi

    The purpose of this research is to empirically examine the influence of corporate social responsibility, corporate governance and firm age toward firm performance measured with Return on Assets (ROA). Corporate social responsibility measured by Global Reporting Initiative (GRI) index, corporate governance measured by board size and independent boards, and firm age measured by the number of years the company has been established. This research uses purposive sampling method with a total sample of 62 companies listed on the Indonesia Stock Exchange in 2017-2019 periods. The results of this study indicate that corporate social responsibility and board size have no significant effect on firm per

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