Financial Performance Gaps and Corporate Social Responsibility

Deng, Xinming; Long, Xianyi

doi:10.3390/su11123438

Cited by 13 publications

(12 citation statements)

References 72 publications

(118 reference statements)

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“…Based on the correlation results, it could also be inferred that increases in overall financial performance may lead to increases in investing in CSR activities. This could mean that financial performance is also a driver for CSR, which has also been found in recent studies (Deng and Long, 2019; Margolis et al , 2009). This is intuitive, as increases in financial performance may increase your capacity to engage in CSR activities.…”

Section: Discussionsupporting

confidence: 73%

Micro-loans and financial performance: a case of a Chinese commercial bank

Alam

Boamah

Liu

2021

SRJ

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Purpose This study aims to investigate the relationship between a commercial bank’s micro-loaning activity and overall performance over a 10-year period. Design/methodology/approach Quarterly data was obtained from the Wind Database, China Minsheng Banks’s official annual reports and annual corporate social responsibility reports from 2009 to 2019, to test the linear relationship between micro-loan activities and the overall financial performance of the bank. Findings The results of this study empirically demonstrate that there is a positive relationship between increases in micro-loaning activity and the overall performance of the bank. Some key recommendations for the sector are shared in the conclusion of this paper. Originality/value In the financial sector, some corporate social responsibility activities focus on the issuance of micro-loans. It is unclear, however, if this has also served as a means to increase profitability and overall performance for such institutions.

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Section: Discussionsupporting

confidence: 73%

Micro-loans and financial performance: a case of a Chinese commercial bank

Alam

Boamah

Liu

2021

SRJ

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“…During the years the SMEs kept allocating a budget for sustainable activities and it is proved by the positive correlation between CSRB i and ProfitE i (0.196) and by the results of the research of Deng and Long [155] that consider the value of financial performance as a boundary.…”

Section: Resultsmentioning

confidence: 98%

An Integrated Framework on the Sustainability of SMEs

Burlea‐Schiopoiu

Mihai

2019

Sustainability

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The aim of this article is to investigate the relationship between the budget related to corporate social responsibility (CSR), Innovation and Training, defined as sustainable factors, and the financial results of small and medium sized enterprises (SMEs). The investigation is made by analysing the financial results from a sample of 200 SMEs from the South-West Region of Romania. The findings prove that SMEs can use training and innovation to improve the impact of CSR on their sustainability with a focus on positive financial indicators. The findings prove that corporate social responsibility (CSRBi), innovation (InnovBi), and training (TrainingBi) as sustainable factors are significantly and positively correlated with the following indicators: profit (Profiti), profit per employee (ProfitEi) and total expenditure (Expensesi), and it is negatively correlated with debt ratio (DebtRi).

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“…Different from RKS, which only contains listed firms that have disclosed CSR reports, HEXUN provides scores of all listed firms’ CSR activities based on their CSR reports, annual reports, official websites and social media news. In addition, this database has been increasingly used as main data resource by studies both on Chinese reputational journals such as China Industrial Economics and also some international journals (Deng and Long, 2019; Li and Foo, 2015; Li et al , 2013).…”

Section: Methodsmentioning

confidence: 99%

Conformity or differentiation? A U-shaped relationship between peers’ CSR and focal firms’ CSR

Long

Zhang

2021

CMS

Self Cite

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Purpose The purpose of this paper is to investigate the influence of peers’ corporate social responsibility (CSR) on focal firms’ CSR from an integrated perspective. The current study aims to explore whether as peers’ CSR increases focal firms’ CSR would first decrease and then increase. Design/methodology/approach This study is based on a sample consisting of Chinese listed manufacturing firms from 2010 to 2016. Hypotheses are tested by generalized least squares method to minimum heterogeneity and autocorrelation concern. Findings The results show that focal firms’ CSR would first decrease and then increase with the increase in peers’ CSR. Furthermore, this paper found that corporate visibility would stress more value on CSR differentiation strategy and environmental uncertainty would stress more value on CSR conformity strategy, such that the U-shaped relationship would be more pronounced in high corporate visibility or low environmental uncertainty situation. Practical implications The findings may be of interest to the academic researchers and managers. For researchers, it is important to understand how focal firms would practice CSR in response to peers’ CSR, especially through an integrated perspective. For managers, the results show that the best way to invest in CSR activities in response to peers’ CSR follows a U-shaped curve, and corporate visibility and environmental uncertainty are important factors to be considered to make CSR decisions. Originality/value This study contributes to the literature by proposing and examining a U-shaped relationship between peers’ CSR and focal firms’ CSR, which stresses the conformity and differentiation value of CSR simultaneously. Besides, to fully map the effects of peers’ CSR and focal firms’ CSR, this paper considers the moderating roles of internal and external contingencies on this non-linear relationship between the peers’ CSR and focal firms’ CSR.

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Financial Performance Gaps and Corporate Social Responsibility

Cited by 13 publications

References 72 publications

Micro-loans and financial performance: a case of a Chinese commercial bank

Micro-loans and financial performance: a case of a Chinese commercial bank

An Integrated Framework on the Sustainability of SMEs

Conformity or differentiation? A U-shaped relationship between peers’ CSR and focal firms’ CSR

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