Gouvernance, RSE et performance financière : vers une compréhension globale de leurs relations&amp;#160;?

Sahut, Jean‐Michel; Mili, Medhi; Teulon, Frédèric

doi:10.3917/mav.101.0039

Cited by 17 publications

(30 citation statements)

References 63 publications

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…Two other representative studies [11,28] have confirmed the existence of the connection between CSR-FP, but with different trajectories (positive and negative). Hirigoyen and Poulain Rheim [28] have concluded that, based on the linear regression analysis and on the Granger causality test, the components of CSR-FP influence negatively each other.…”

Section: Bidirectional Linkages Between Csr-fpmentioning

confidence: 82%

“…Both indicators are determined according to the accounting data and they reflect the relative rentability generated by the employ of the company's assets (ROA), and by the avail of the company's equity (ROE). These accounting and financial indicators (ROA, ROE) are used also to explore the relationship-both direct and indirect-between financial performance and corporate governance [9][10][11]23]. Numerous scholars have identified a statistically significant positive relationship between FP and CSR due to the significance given by companies to the natural resources in their economic activity, and to the socially responsible activities under the guidance of a successful management [22].…”

Section: Financial Performance (Fp)mentioning

confidence: 99%

“…The existence of a causal dependency between corporate social responsibility and the financial performance of a company is supported by the vast evidence from the literature [2][3][4][5][6][7][8]11,28,29]. However, the direction and intensity of this connection are still causing controversy and dispute among scholars.…”

Section: Bidirectional Linkages Between Csr-fpmentioning

confidence: 99%

“…On this frame of reference and challenges, the general objective of our research is to build up a new integrative analysis: a mixed model of a global/multidimensional anaylsis of the CG-CSR-FP relationship, by applying the structural equation modeling (SEM) procedure. Similar to the approach of Sahut, Mili, and Teulon [11], we consider that the CSR-FP causal relationship continues to generate numerous scientific debates and that we ought to include in our analysis, as precursory factors bearing influence on CSR actions, the corporate governance and the financial performance indicators. The complexity of our empirical model is also determined by the fact that we have taken into account the multidimensional character of the CSR concept, as well as the heterogenous nature of its dimensions.…”

Section: Introductionmentioning

confidence: 99%

“…All the variables included in our analysis were extracted from the Thomson Reuters database [12]. Unlike the empirical research of Sahut, Mili, and Teulon [11], we have compiled in our analysis data gathered from a single source (and not from three databases), thus ensuring the comparability and a better quality of the obtained results. In addition, we have ensured a better homogeneity of the data, by including all the sampled companies from the Europe, region that is characterized by a strong harmonization tendency, ensured by the European Union (EU), of the aspects regarding CSR and CG.…”

Section: Introductionmentioning

confidence: 99%

See 4 more Smart Citations

Well-Governed Sustainability and Financial Performance: A New Integrative Approach

et al. 2019

View full text Add to dashboard Cite

This study investigates the interlinkages between the dimensions of corporate social responsibility (CSR-economic, environmental, social), financial performance (ROA, ROE), and corporate governance (CG), by applying the structural equation modeling technique (SEM). It is based on a sample of 614 large companies from the European Economic Area, covering specific indicators published by the Thomson Reuters database, for the years 2013–2017. The equation models are structured starting from isolated dependencies between variables, up to the global ones (direct, indirect, and total dependencies). The mixed results obtained imply that the nature and heterogenous content of CSR lead to different statistical dependencies for each of the two financial performance indicators. ROA is positively influenced by the economic dimension of CSR, but, the level of this rate does not necessarily contribute to an increase in the involvement of the company in this type of CSR actions. At the same time, ROA is influenced and affects in a negative way the environmental and social dimensions of CSR. In the case of ROE, it is influenced and impacts the economic and social dimensions in a positive way. The environmental dimension of CSR influences ROE positively, but it is negatively affected by this profitability rate. Corporate governance exerts a positive impact on all of the model’s variables, both as a direct and indirect factor of influence.

show abstract

Section: Bidirectional Linkages Between Csr-fpmentioning

confidence: 82%

Section: Financial Performance (Fp)mentioning

confidence: 99%

Section: Bidirectional Linkages Between Csr-fpmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

See 3 more Smart Citations

Well-Governed Sustainability and Financial Performance: A New Integrative Approach

et al. 2019

View full text Add to dashboard Cite

show abstract

The CSR-performance nexus in the French tourism sector: do MCs matter?

Theiri

Alareeni

2022

View full text Add to dashboard Cite

Purpose The concept of corporate social responsibility (CSR) covers a wide range of actions toward sustainable development. While there are growing bodies of research examining the drivers of CSR, little has been done to examine the effect of the characteristics of the managerial team on CSR. This paper aims to investigate the interplay between managerial characteristics and CSR practices to discover how such a fit affects financial performance. Design/methodology/approach A partial least squares-path modeling approach was applied to a sample of 60 French companies in the tourism sector (hotels, restaurants, leisure and leisure equipment) from 2014 to 2019. This choice was triggered by the importance of this sector in job creation, which has been strongly impacted by the pandemic crisis. Findings The findings suggest the positive impact of the managerial characteristics on the practices of CSR activities under certain financial constraints related to the size and indebtedness level. Then, the authors clarify that the variable characteristics component of the managerial team is mainly the educational level, the managerial experience and the ethical behavior. However, no age effect is mentioned. Third, the authors show that the managerial team characteristics and the practices of CSR activities restore the financial tourism sector performance. Research limitations/implications This study has obviously certain limitations: first, the selected European sample can mark a big difference in the founding results because of the difference in civil rights. Second, the sample is more marked in the CSR activities. Third, this study did not take into consideration variables operationalizing ownership structure and board nature. Originality/value This study develops a model based on “managerial team” mechanisms in a sensitive area. This is a breakthrough in understanding the determinants of CSR strategies and their impact on performance while taking into account the management team’s personal characteristics.

show abstract

The effects of corporate governance on the customer’s recommendations: a study of the banking sector at the time of COVID-19

Ltifi

Hichri

2021

JKM

View full text Add to dashboard Cite

Purpose This study aims to adopt a mixed-methods approach (accounting and business data) to analyse the effects of the financial institution’s governance on both the knowledge of social responsibility and the consumer’s attitudes and behaviours, and testing the moderating role of the brand identification in the banking sector during the COVID-19 pandemic. However, this concept has been neglected in previous studies. Design/methodology/approach Data were collected from a sample of 600 respondents in two major Tunisian cities. Participants were selected on the basis of a convenience sampling in which the structural equation modelling method was adopted through SMART PLS 3.0 software. Findings The results showed that good corporate governance has a positive influence on the knowledge of the company's social responsibility, which positively influences its brand image. Therefore, the company's brand image positively influences the customer’s satisfaction, which positively influences the recommending behaviour of the financial institutions in the COVID-19 era. However, the brand identification has no moderating effect. Practical implications Managers of financial institutions are advised to pay particular attention to good corporate governance, as it is mandatory for these companies to assume social responsibility and make it known to clients. Therefore, it is obvious to create a good image in the mind of the consumers to satisfy them to recommend the company in question. It is interesting to mobilise the period of health crisis (COVID-19) to create a favourable attitude among the customers because they are sensitive when evaluating and ranking financial institutions according to the relationships that exist especially during this period. Originality/value In fact, there are many studies that dealt with the banking sector. Some of them dealt with the sector through the institutional accounting section while others dealt with the sector through the commercial and marketing section. Therefore, the first contribution of this research is to test a mixed model made up of accounting and commercial data. This model is among the first to determine the effects of the financial institution's governance on the knowledge of social responsibility and on the consumer’s attitude and behaviour to test the moderating role of brand identification in the banking sector. The second contribution is to test this model in a period of health crisis (COVID-19). The third contribution is the use of a mixed sample of data collected from two regions. Then, the fourth contribution is the addition of tests for the verification, robustness and validation of the results obtained. Finally, the fifth contribution is the addition of control variables to test their effects on the research model.

show abstract

Gouvernance, RSE et performance financière : vers une compréhension globale de leurs relations ?

Cited by 17 publications

References 63 publications

Well-Governed Sustainability and Financial Performance: A New Integrative Approach

Well-Governed Sustainability and Financial Performance: A New Integrative Approach

The CSR-performance nexus in the French tourism sector: do MCs matter?

The effects of corporate governance on the customer’s recommendations: a study of the banking sector at the time of COVID-19

Contact Info

Product

Resources

About