Year: 2004
Type: article
Abstract: The field of corporate social responsibility (CSR) has grown exponentially in the last decade.Nevertheless, there remains a protracted debate about the legitimacy and value of corporate responses to CSR concerns.There are different views of the role of the firm in society and disagreement as to whether wealth maximization should be the sole goal of a corporation.Using extensive data over a period of five years, this study explores and tests the sign of the relationship between corporate social responsibility and financial performance.The dataset includes most of the S&P 500 firms and covers the years 1996-2000.The relationship is tested by using empirical methods.The results indicate that the sign of the relationship is positive and statistically significant, supporting the view that socially responsible corporate performance can be associated with a series of bottom-line benefits.
Author: Margarita Tsoutsoura
Language: English
Subfield: Strategy and Management
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W1929626552