Relationships of Corporate Social Responsibility With Perceived Financial Performance of Businesses: A Study

Boztosun, Derviş; Aksoylu, Semra

doi:10.17265/1537-1514/2015.11.004

Cited by 1 publication

(2 citation statements)

References 16 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Descriptive statistics and a correlation coefficient test was adopted in conjunction with assessments for variance. Due to the tiny sample size, Spearman rank-ordered correlations rather than the more common Pearson correlations were utilized to evaluate the hypotheses (Boztosun & Aksoylu, 2015). The data set is first ordered by Spearman's rank-ordered correlations, which then quantify the relationship between variables (Fields, 2009).…”

Section: Methodsmentioning

confidence: 99%

“…The third standpoint of researchers and scholars regarding this association is that there is no link between CSR and financial performance. A tiny fraction of researchers and scholars have empirically documented this view (Boztosun & Aksoylu, 2015;Bilal & Nidal, 2016). Kraus et al (2020) found that CSR has no bearing on enhancing corporate financial performance when examining the relationship between CSR and the financial performance of 27 manufacturing enterprises in Malaysia.…”

Section: Introductionmentioning

confidence: 99%

See 1 more Smart Citation

Corporate Social Responsibility and Its Nexus with Financial Performance: An Emerging Market Perspective

Nyahuna

Doorasamy

2023

IJESSS

View full text Add to dashboard Cite

The significance of corporate social responsibility cannot be underestimated. Corporate ignorers of CSR initiatives are likely to be punished by customers leading to an impact on corporate financial performance. The present work evaluated the nexus between CSR and financial performance of 42 Johannesburg Stock Exchange (JSE) listed mining companies. The study followed a quantitative research approach with a correlational non-experimental research design. Data were collected from 2013 to 2021. Financial performance was taken as the dependent variable proxied by return on equity, return on assets and earnings per share. The independent variable of this research consisted of CSR index based on the Boston College Carroll School of Management Center for Corporate Citizenship reports. The findings show that return on assets was positively and significantly linked to return on assets. Two financial performance measures (earnings per share and return on equity) displayed no significant relationship with CSR. It was concluded that if companies adopt the right CSR initiatives can increase financial performance. From a practical standpoint, this study contributes towards developing of CSR policies and as well function as a trigger for listed companies that they can improve financial performance from CSR.

show abstract

Section: Methodsmentioning

confidence: 99%