Agency Conflict and Corporate Strategy: The Effect of Divestment on Corporate Value

Wright, Peter; Ferris, Stephen P.

doi:10.1002/(sici)1097-0266(199701)18:1<77::aid-smj810>3.0.co;2-r

Cited by 548 publications

(258 citation statements)

References 2 publications

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“…For example, a number of authors found a positive relationship between CSR and firm performance (See [4,5,42,43]. In contrast, empirical findings by Boyle, Higgins, and Rhee [44] and Wright and Ferris [45] showed a negative association between CSR and firm performance. Moreover, McWilliams and Siegel [46] found a neutral relationship between CSR and firm performance.…”

Section: Csr and Firm Performance In Smesmentioning

confidence: 99%

A Longitudinal Study of the Impact of Corporate Social Responsibility on Firm Performance in SMEs in Zambia

Choongo

2017

Sustainability

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Abstract:The aim of this study is to investigate the impact of corporate social responsibility on firm performance using a longitudinal design in small and medium-sized enterprises (SMEs). The reported study was conducted in a Sub-Saharan African developing country, Zambia. Data were collected from 153 entrepreneurs in two surveys and changes in CSR and firm performance measures were analysed over a 12-month period using SmartPLS structural equation modelling. The findings show that the relationship between CSR and financial performance is significant. Further, the association between CSR and the two measures of firm performance (corporate reputation and employee commitment) was only partially significant over time. We discuss the relevance of these results for entrepreneurs, researchers and policy makers in understanding the outcomes of sustainability practices in SMEs in developing countries, especially in Sub-Saharan Africa.

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Section: Csr and Firm Performance In Smesmentioning

confidence: 99%

A Longitudinal Study of the Impact of Corporate Social Responsibility on Firm Performance in SMEs in Zambia

Choongo

2017

Sustainability

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“…The results are contradictory and a general opinion has not been formulated yet. Some studies found a negative relationship between the two elements (Vance, 1975;Wright and Ferris, 1997). A mixed relationship was identified by Cochran and Wood (1984) and by Hillman and Keim (2001).…”

Section: Financial Performance Assessmentmentioning

confidence: 99%

The Competition between London Companies Regarding Their Financial Performance

Simionescu¹

2016

JOC

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There is a high level of competition between companies and the final result is often measured by their financial performance. The main purpose of this study is to evaluate the financial performance of a sample of companies from London. Statistical analysis is performed of 293 companies randomly selected from the population of firms resident in London, the economic indicators being registered for 2014. The main results indicated that most of the variation in financial performance is explained by the book-to-market ratio and cash-to-assets ratio. On the other hand, financial performance is also explained by cash flow and leverage. Most of the firms that were placed in the same group had a successful financial performance in 2014. Few companies located in the other cluster encountered some difficulties regarding cash flow and sales. This situation could be explained by the difficulties of facing the economic crisis. Thus the financial performance evaluation is useful in improving a firm's financial indicators in order to achieve a higher profit. The diagnosis will help managers in taking the most suitable decisions to solve the financial problems by selecting the best strategies.

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“…McWilliams and Siegel stated that the agency theory to be a challenge in many studies, such as a previous study conducted Preston (1978) and Carroll (1979), and Wright and Ferris (1997).…”

Section: Literature Review and Hypo-thesis Development Theoriesmentioning

confidence: 99%

Determinant of Corporate Social Responsibility: Case From Indonesia

Barusman¹,

Lindrianasari²

2017

EKUITAS

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The purpose of research is to provide empirical evidence of the factors that influence the extent of disclosure index of corporate social responsibility. Index of corporate social responsibility disclosure in this study using the GRI G3.1 index, which consists of six main points; the direct economic influence, matters related to the environment, labor practices, human rights, social, and responsibility for the product. The data of this study using secondary data, obtained from annual reports of companies listed in Indonesia Stock Exchange. The sample used in the study were as many as 20 companies were selected using random sampling. Observations made during the period 2007-2014. In the observation period, the Indonesian government issued Act No. 17, 2007 that one of its content requires the company in Indonesia to allocate funds for the social and environmental responsibility. The results of this study indicate that the ownership (stocks) government, the specifications of the company, and the size of the company become the best determination for CSR index. In addition, regulatory theory predicts that government involvement will encourage more companies adhere to the rules prevailing, successfully confirmed in this study.

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Agency Conflict and Corporate Strategy: The Effect of Divestment on Corporate Value

Cited by 548 publications

References 2 publications

A Longitudinal Study of the Impact of Corporate Social Responsibility on Firm Performance in SMEs in Zambia

A Longitudinal Study of the Impact of Corporate Social Responsibility on Firm Performance in SMEs in Zambia

The Competition between London Companies Regarding Their Financial Performance

Determinant of Corporate Social Responsibility: Case From Indonesia

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