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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 · 3,268 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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  3. 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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  6. Corporate social responsibility and firm performance in the hotel industry. The mediating role of green human resource management and environmental outcomes

    M. Úbeda‐García, E. Claver-Cortés, B. Marco-Lajara, et al. · 2021 · Journal of Business Research · 278 citations

    Abstract In this research two concepts of current relevance in the management literature are related, such as Corporate Social Responsibility (CSR) and green human resource management (GHRM). So far, research in both fields has been developed in parallel; However, we consider that it is necessary to deepen the connection between both variables and their impact on the environmental and financial outcomes of firms. This paper aims to analyze the relationship between CSR and firm performance, considering on the one hand the direct relationship, and on the other hand, the possible mediation in said relationship of some variables such as GHRM and environmental outcomes. A variance-based structura

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

    Aydin Ozkan, Hüseyin Temiz, Yılmaz Yıldız · 2022 · British Journal of Management · 268 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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  8. Ethical leadership, corporate social responsibility, firm reputation, and firm performance: A serial mediation model

    Nguyen Ngọc Tung, N. P. Nguyen, Tu Thanh Hoai · 2021 · Heliyon · 176 citations

    Due to globalization expansion, corporate social responsibility (CSR) is no longer an unfamiliar concept in emerging markets. In the case of Vietnam, its implementation will be influenced by several factors, including ethical leadership. Drawing upon the stakeholder theory, this study develops and tests a serial mediation model to explain how CSR and firm reputation can connect ethical leadership to enhanced firm performance. The PLS-SEM results from survey data collected from 653 mid- and top-level managers from large companies in Vietnam indicate that ethical leadership positively influences CSR, which, in turn, results in enhanced firm reputation and firm performance. This study contribut

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  9. 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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  10. 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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  11. 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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  12. Corporate social responsibility, firm performance, and firm risk: the role of firm reputation

    Liu Min, Weijie Lu · 2019 · Asia-Pacific Journal of Accounting & Economics · 77 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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  13. Does corporate social responsibility mediate the relationship between corporate governance and firm performance? Empirical evidence from BRICS countries

    Waseem Akhter, Arshad Hassan · 2023 · Corporate Social Responsibility and Environmental Management · 62 citations

    This study analyzes how corporate governance affects financial performance and explores the role of corporate social responsibility as a mediator for 495 firms located in emerging economies in BRICS countries, including Brazil, Russia, India, China, and South Africa from 2011 to 2021. This study evaluates the impact of various board characteristics such as board size, board independence, and gender diversity, as well as ownership structure elements such as family, foreign, and institutional shareholding, on firm performance in BRICS countries. This study uses a generalized method of moments (GMM) methodology to examine the relationship between corporate governance, corporate social responsib

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  14. Corporate social responsibility and family firm performance: A meta‐analytic review

    S. Oduro, Rana Muhammad Umar, A. de Massis, et al. · 2024 · Corporate Social Responsibility and Environmental Management · 55 citations

    Although corporate social responsibility (CSR) has received considerable attention in family firms, empirical findings on the CSR/family firm performance nexus are mixed and inconsistent. This meta‐analytic review aims to clarify the mixed results by establishing the degree to which CSR influences family firm performance and to test the moderating effects of contextual and methodological factors. Integrating a sample of 85 studies published up to May 2023 with 152,265 observations and employing a psychometric meta‐analysis through bivariate and meta‐regression analyses, we find that the average effect of CSR on family firm performance is positive, though small (≤0.20). Our study further reve

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  16. 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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  17. The Mediating Role of Green Technology Innovation with Corporate Social Responsibility, Firm Financial, and Environmental Performance: The Case of Chinese Manufacturing Industries

    Xiaoyang Xu, Muhammad Imran, Muhammad Ayaz, et al. · 2022 · Sustainability · 40 citations

    This research aims to examine the relationship between corporate social responsibility (CSR), firm environmental performance (FEP), and firm financial performance (FFP), as well as how green technology innovation performs a mediating role in this relationship. The manufacturing firms listed on the Shenzhen Stock Exchanges were selected as the representative sample for the study, and data were gathered from 470 managers and directors of manufacturing firms using a simple random sampling technique. The response rate was 87%. For hypothesis testing, PLS-SEM was used. In addition, green technology innovation is a positive and significant mediator between corporate social responsibility and firm

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  18. Does national culture influence corporate social responsibility on firm performance?

    Hsiao-Fen Hsiao, Tingyong Zhong, Jun Wang · 2024 · Humanities and Social Sciences Communications · 25 citations

    In recent years, the influence of corporate social responsibility (CSR) on firm performance has received increasing attention, with academic research deepening in this field. This study introduces national culture as a moderating variable and explores the relationship between national culture, CSR, and firm performance to determine the role of national culture in the impact of CSR on firm performance. Data of listed companies from 15 different countries, between 2011 and 2020, were collected for empirical analysis. Comprehensive environmental, social and governance (ESG) score was used to measure the degree of CSR fulfillment. The results reveal that CSR hinders firm performance. In terms of

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  19. Enterprise risk management and firm performance: The mediating role of corporate social responsibility in the European Union region

    Sérgio Resende, Ariadna Monje-Amor, Nuria Calvo · 2024 · Corporate Social Responsibility and Environmental Management · 23 citations

    This study's aim is to examine the impact of enterprise risk management (ERM) on firm performance when aligned with firm strategy, with a particular emphasis on the mediating role of corporate social responsibility (CSR) in this relationship. Previous studies established a connection between ERM and firm performance, as well as between CSR and firm performance. However, the ERM effect on firm performance via CSR remains unexplored. Structural equation modeling (SEM) was used to assess how the ERM affects the firm's performance, both directly and indirectly, through the influence of CSR strategy. The ERM is represented through risk indicators collected from 222 companies in the European Union

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  20. 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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  21. Green perspective on intellectual capital, corporate social responsibility, and competitive advantage: The role of firm performance

    Sigit Hermawan, Tariq Tawfeeq Yousif Alabdullah, Sriyono Sriyono, et al. · 2024 · Environmental Economics · 17 citations

    Green economy issues can occur both in the external and internal environment of business entities in terms of intellectual capital activities, social responsibility, and competitive advantage. This study aims to examine the relationship between intellectual capital, corporate social responsibility, firm performance, and competitive advantage through the mediating role of firm performance from a green perspective. Data were collected from annual reports accessed through the official Stock Exchange websites in each respective research country. The number of samples used is 60 sample data from pharmaceutical companies in Indonesia, Malaysia, and Singapore. Data analysis is carried out using mul

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  22. Corporate social responsibility and firm performance: the role of firm reputation

    Rizqa Anita, M. Abdillah, Putri Sevriyanti Sari S., et al. · 2024 · Journal of Global Responsibility · 13 citations

    Purpose This study aims to examine the role of firm reputation as a mediator in the relationship between corporate social responsibility and firm performance, along with the underlying mechanism. Design/methodology/approach This research is quantitative research that aims to explain the phenomenon of the relationship between the implementation of corporate social responsibility and firm performance. A total of 573 companies listed on the Indonesia Stock Exchange for the 2019–2021 period were sampled in this study. The analysis method in this study combines time series data and cross-section data called pooled data. Findings This research found a significant positive association between

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

    Ngoc Mai Tran, Manh Ha Tran · 2022 · Investment Management and Financial Innovations · 7 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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  24. 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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