An Analysis of CSR on Firm Financial Performance in Stakeholder Perspectives

Oh, Seung-Woo; Hong, Ahreum; Hwang, Junseok

doi:10.3390/su9061023

Cited by 48 publications

(49 citation statements)

References 35 publications

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…Other accounting variables used for financial performance were 3‐year average profit value (Younis et al, ); growth rate of sales (Tan et al, ); average month revenues (Lucato et al, ); revenue, profit, and rate trend (Oh et al, ); asset to total debt ratio (Paun, ); and weighted average cost of capital (Atan et al, ).…”

Section: Implications For Future Researchmentioning

confidence: 99%

“…Al Abri et al () adopted research and development intensity as a moderating variable in their study, Ching et al () somehow quantified the quality of sustainability disclosures and related them to economic variables, Lassala et al () integrated factors such as company size, leverage, and sector of activity into statistical analyses, and Oh et al () tested CSR motivation, Traditional CSR and strategic CSR approaches, R&D capacity, and Technology commercialization as control variables.…”

Section: Implications For Future Researchmentioning

confidence: 99%

See 1 more Smart Citation

Sustainable development and economic performance: Gaps and trends for future research

Prado

Piekarski

Luz

et al. 2019

Sustainable Development

View full text Add to dashboard Cite

The aim of this paper is to determine the existence of gaps in the literature, by investigating studies that statistically analyzed the relationship between sustainable development and economic performance. A literature review was conducted in the Web of Science and Scopus databases. The study analyzed the authors, publication years, journals involved, methodologies used, and results obtained. The identified gaps and opportunities were (a) opportunity to create or employ different measurements for financial, social, and environmental performance and (b) to use different kinds of control or moderating variables, in order to further explore the relationship between sustainable development and financial performance.

show abstract

Section: Implications For Future Researchmentioning

confidence: 99%

Section: Implications For Future Researchmentioning

confidence: 99%

Sustainable development and economic performance: Gaps and trends for future research

Prado

Piekarski

Luz

et al. 2019

Sustainable Development

View full text Add to dashboard Cite

show abstract

“…The first is due to the critical role played by corporate disclosure for the effectiveness of business exchanges and activities in a capital market, while the second focuses on the sustainable growth of an organization [5,7,24]. Corporate disclosure may include financial statements, management discussions, footnotes, as well as press releases, internet sites, and every other type of business report useful to provide data and information about the organization's activities to the market [20].…”

Section: Corporate Disclosure and Capital Markets: A Brief Literaturementioning

confidence: 99%

“…Indeed, following the stakeholder approach to strategic management initially promoted by Freeman [4], corporate disclosure is certainly a CSR action as it may substantially support the legitimacy management necessary to build "sustainable growth for business in a responsible manner" [5] (p. 17), [6,7].…”

Section: Introductionmentioning

confidence: 99%

Corporate Disclosure, Materiality, and Integrated Report: An Event Study Analysis

2017

View full text Add to dashboard Cite

Within the extensive literature investigating the impacts of corporate disclosure in supporting the sustainable growth of an organization, few studies have included in the analysis the materiality issue referred to the information being disclosed. This article aims to address this gap, exploring the effect produced on capital markets by the publication of a recent corporate reporting tool, Integrated Report (IR). The features of this tool are that it aims to represent the multidimensional impact of the organization's activity and assumes materiality as a guiding principle of the report drafting. Adopting the event study methodology associated with a statistical significance test for categorical data, our results verify that an organization's release of IR is able to produce a statistically significant impact on the related share prices. Moreover, the term "integrated" assigned to the reports plays a significant role in the impact on capital markets. Our findings have beneficial implications for both researchers and practitioners, adding new evidence for the IR usefulness as a corporate disclosure tool and the effect of an organization's decision to disclose material information.

show abstract

“…These actions are conceived as a mechanism that improves reputation and corporate image [2,3]. They are considered to be a key consideration for companies in response to society's demands [4].…”

Section: Introductionmentioning

confidence: 99%

Sustainability Matter and Financial Performance of Companies

2017

View full text Add to dashboard Cite

Abstract:The relationship between social and environmental performance and financial performance in companies has been a subject widely debated in the literature but the results obtained to date are not conclusive. This research employs the fuzzy-set qualitative comparative analysis (fsQCA) and offers new evidence on the relationship between both types of performance in a sample of companies listed in the Spanish capital market. Financial performance is measured by the return on equity (ROE) ratio, variable that is widely used in Finance and Accounting related research. The corporate performance of the company is measured by its inclusion or not in the sustainability index used as reference for the Spanish capital market, the FTSEGood4 IBEX. The model also incorporates other business variables that might affect the relationships between both types of performance, such as return on assets (ROA) ratio, company size, debt ratio, and industry. The results suggest that, for specific industries, return on assets is a necessary condition for companies with leverage to reduce the cost of debt due to their sustainability profile and consequently boost their ROE.

show abstract

An Analysis of CSR on Firm Financial Performance in Stakeholder Perspectives

Cited by 48 publications

References 35 publications

Sustainable development and economic performance: Gaps and trends for future research

Sustainable development and economic performance: Gaps and trends for future research

Corporate Disclosure, Materiality, and Integrated Report: An Event Study Analysis

Sustainability Matter and Financial Performance of Companies

Contact Info

Product

Resources

About