An Integrated Model to Explain How Corporate Social Responsibility Affects Corporate Financial Performance

Lin, Chin–Shien; Chang, Ruei-Yuan; Dang, Van Thac

doi:10.3390/su7078292

Cited by 151 publications

(175 citation statements)

References 87 publications

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“…The positive effect of CSR on financial performance is consistent with many studies conducted in Western, Asian, and other countries (e.g., [4,[16][17][18]43]). Additionally, in the context of Zambia, Choongo et al [20] established that SMEs are motivated to engage in CSR for financial benefits.…”

Section: Discussionsupporting

confidence: 75%

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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: Discussionsupporting

confidence: 75%

“…There has been an increase in CSR studies (e.g., [16][17][18][19][20]). Despite the increase in research on CSR, there is still no generally agreed definition of CSR [21], as a result there is an ambiguous use of the terminology [22].…”

Section: Csr 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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“…For this reason, this study covers firms belonging to diverse industries and controls for this factor. Lin et al [69] indicate that industry type moderates the direct influence of CSR on financial performance.…”

Section: Industry (Activity Sector)mentioning

confidence: 99%

Sustainability Matter and Financial Performance of Companies

2017

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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.

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“…Restaurant company attitudes can play vital roles in the success of innovation adoption and sustainable relevant practices [23]. While prior research has proven that innovation in services serves as the driving ingredient for sustainable restaurant operations [24], few studies have examined these innovations from a systematic perspective on sustainability. Despite the before-mentioned studies have shown that the key roles of sustainable service innovation in the service industry, restaurant sustainable service innovation has been neglected in relevant research.…”

Section: Introductionmentioning

confidence: 99%

Expert Concepts of Sustainable Service Innovation in Restaurants in Taiwan

et al. 2016

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Sustainable service innovation is a critical attribute in restaurant management that is widely recognized by experts and restaurant owners. In this paper, we investigated ideas on sustainable service innovation in restaurants gathered from interviews with restaurant managers, government experts and scholars in Taiwan. The analytical results show that five dimensions are major indicators of sustainable service innovation in the restaurant management field. These include the following dimensions: sustainable service innovation, food service technology, organizational learning, adoption of innovation and organizational environment. We also found that these five dimensions are important and that they deeply impact restaurant performance. We discuss the characteristics of these five attributes, and talk about the theoretical and empirical implications of research findings.

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An Integrated Model to Explain How Corporate Social Responsibility Affects Corporate Financial Performance

Cited by 151 publications

References 87 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

Sustainability Matter and Financial Performance of Companies

Expert Concepts of Sustainable Service Innovation in Restaurants in Taiwan

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