Corporate Social Responsibility and Financial Performance: An Empirical Analysis on Greek Companies

Karagiorgos, Theofanis

doi:10.35808/ersj/301

Cited by 100 publications

(84 citation statements)

References 94 publications

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“…All our hypotheses were totally or partially validated: H1, H2, and H4b were validated, and H3, H4a, and H4c were partially validated. These results are consistent with the work of Lev et al [20], Wang et al [21], and Liang et al [31] and the synthesis of Karagiorgios [83].…”

Section: Resultssupporting

confidence: 93%

Testing the Correlations between Corporate Giving, Performance and Company Value

Haţegan

Curea-Pitorac

2017

Sustainability

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The paper seeks to identify the relationship between the charitable contributions, performance, and market value of Romanian listed companies. To achieve the objective, a panel data analysis was conducted on a group of companies listed at Bucharest Stock Exchange in the period 2011 to 2016, which registered profit for the entire period. The empirical analysis points out, using a logistic regression, which financial and non-financial indicators contribute to the decisions of the companies to make the charitable contributions. It also tests the impact of those indicators and corporate giving activities like Corporate Social Responsibility (CSR) activities on company value, represented by Tobin's Q Ratio and on company performance, expressed by Return on Equity (ROE). The results show that there is a positive correlation between the charitable contributions, performance, and market value of the Romanian listed companies.

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Section: Resultssupporting

confidence: 93%

Testing the Correlations between Corporate Giving, Performance and Company Value

Haţegan

Curea-Pitorac

2017

Sustainability

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“…Source: KPMG (2013) Figure 1. Corporate responsibility reporting by region (percentage of companies with CR reports) Karagiorgos (2010) investigates the relationship between CSR and firms' financial performance in Greek firms based on stakeholder theory. The study shows that there is a positive correlation between stock returns and CSR performance in Greek companies.…”

Section: Source: Kpmg (2013)mentioning

confidence: 99%

Bi-directional in sustainability reporting and profitability: A study in Indonesian banks and non-banks

Gunarsih

Setiyono

Sayekti

et al. 2020

Jurnal Keuangan Dan Perbankan

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We investigate the sustainability reporting differences in banks and non-banks sample firms and investigates reserve causality between sustainability reporting and profitability. The independent-sample t-test implemented to analyze the differences. The results report evidence that there are differences in sustainability reporting between the banks and non-bank. The average score of the sustainability reporting index in banks is higher than non-bank. The multiple regressions implemented in reserve causality between sustainability reporting and profitability. The empirical evidence shows that there is a negative relationship between sustainability reporting and profitability. We suggest that sustainability is merely a cost. The bi-directional relationship emerges in the economic and social dimension of sustainability reporting index. This result indicates that sustainability reporting influences firm performance and vice versa. AbstrakKami menyelidiki perbedaan pelaporan keberlanjutan di bank dan perusahaan sampel nonbank dan menyelidiki reserve causality antara pelaporan keberlanjutan dan profitabilitas. Uji-sampel independen dilaksanakan untuk menganalisis perbedaan. Hasilnya membuktikan bahwa ada perbedaan dalam pelaporan keberlanjutan antara bank dan non-bank. Skor rata-rata indeks pelaporan keberlanjutan di bank lebih tinggi daripada non-bank. Berbagai regresi diimplementasikan dalam reserve causality antara pelaporan keberlanjutan dan profitabilitas. Bukti empiris menunjukkan bahwa ada hubungan negatif antara pelaporan keberlanjutan dan profitabilitas. Kami menyarankan bahwa keberlanjutan hanyalah biaya. Hubungan dua arah muncul dalam dimensi ekonomi dan sosial dari indeks pelaporan keberlanjutan. Hasil ini menunjukkan bahwa pelaporan keberlanjutan memengaruhi kinerja perusahaan dan sebaliknya.

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“…There are several method to measure firm size according to Waddock & Graves (1997): total sales, total asset, and total employee. Firm size is important in this research, because usually firm with small size can't do CSR activity (Karagiorgos, 2010). This control variable used to minimize the significant gap between big firm and small firm, so total asset can be distributed normally (Sari, 2012).…”

Section: Firm Sizementioning

confidence: 99%

Corporate Social Responsibility (CSR) Performance and Accrual Quality: Case study on Firms Listed on Indonesia Stock Exchange (IDX)

Aditya¹,

Juniarti²

2016

BER

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Research on the impact of corporate social responsibility (CSR) performance to the financial performance have been widely studied previously. However, there were a few studies investigate the effect of CSR on accrual quality which is one of the attributes of earning quality. The aim of this study is to examine the affect of CSR toward accrual quality in the context of Indonesia, where the empirical results of the benefits of CSR implementatation are still scant.Research samples are all listed companies in Indonesia Stock Exchange (IDX) in miscellaneous industry sector for period 2009 to 2013. There are 92 firm years included in this study. CSR is measured by scoring CSR activities of the firm based on GRI Index guideline version 3.1, whereas attributes of earning quality used in this study is accrual quality. We include two control variables in this research model i.e. firm size and leverage. The results show that CSR performance do not explain the changes in accrual quality. Leverage has no effect on accrual quality as well. On the other hand firm size has a significant effect on CSR performance however the sign of association is contrary with the expected.

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Corporate Social Responsibility and Financial Performance: An Empirical Analysis on Greek Companies

Cited by 100 publications

References 94 publications

Testing the Correlations between Corporate Giving, Performance and Company Value

Testing the Correlations between Corporate Giving, Performance and Company Value

Bi-directional in sustainability reporting and profitability: A study in Indonesian banks and non-banks

Corporate Social Responsibility (CSR) Performance and Accrual Quality: Case study on Firms Listed on Indonesia Stock Exchange (IDX)

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