The Effect of Strategic Corporate Social Responsibility on Financial Performance: Evidence from China

Deng, Bofu; Ji, Li; Liu, Zhongmin

doi:10.1080/1540496x.2021.1925245

Cited by 10 publications

(4 citation statements)

References 50 publications

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“…In contrast, several research findings have shown either an adverse or inconsequential correlation between CSR and financial success. In their study, Rehman, Zahid, Rahman, Asif, Alharthi, Irfan, and Glowacz (2020) failed to demonstrate any statistically significant influence of CSR on financial performance (Deng, 2022;King'wara, 2020). In general, the aforementioned results underscore the intricate and contingent character of the association between CSR and financial success.…”

Section: Statement Of the Problemmentioning

confidence: 92%

Education Corporate Social Responsibility and Financial Performance of Telecommunication Companies in Kenya

2024

JFA

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Section: Statement Of the Problemmentioning

confidence: 92%

Education Corporate Social Responsibility and Financial Performance of Telecommunication Companies in Kenya

2024

JFA

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“…Companies with a long-term orientation will try to exceed stakeholder expectations by managing their social responsibilities through progressive human resource management (Padgett & Galan, 2010). Meanwhile, defender companies with a tendency to avoid risk and be short-term oriented tend to be less able to maximize their involvement in social responsibility (Deng et al, 2021). That tendency is because the focus is on strategies that can reduce costs to increase efficiency (Singh & Agarwal, 2002).…”

Section: Environmental Performancementioning

confidence: 99%

The Role of Company Business Strategy on Sustainability Performance.

Amanati,

Pusparini

2023

JAKPT

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This research investigates the influence of business strategy as a fundamental aspect of the company on the company's involvement in non-financial performance. In general, research wants to know the role of business strategy on a company's sustainability performance. Researchers conducted separate tests on environmental, social and governance performance as aspects that build sustainability performance. The analysis was conducted on non-financial companies in the ASEAN region in 2015-2019. Research data was obtained from the Thomson Reuters Refinitiv Eikon database, and data analysis was carried out using STATA software. The test results show that business strategy has a significant positive relationship with environmental performance and social performance but has no effect on governance performance and sustainability performance.

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“…Similarly, Mtaturu & Muloli (2021) discovered a detrimental effect of CSR on the financial performance of registered banks in Tanzania. Furthermore, research carried out in China and Kenya has produced varying outcomes or failed to demonstrate any statistically significant influence of CSR on financial performance (Deng, 2022;King'wara, 2020). In general, the aforementioned results underscore the intricate and contingent character of the association between CSR and financial success.…”

Section: Introductionmentioning

confidence: 99%

Education Corporate Social Responsibility and Financial Performance of Telecommunication Companies in Kenya

Mwangi,

Ouma

2024

Kabarak j. res. innov.

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The financial performance of telecommunication companies has witnessed a decline in recent years. This study aimed to investigate the potential influence of education CSR on the financial performance of telecommunication companies in Kenya. The total population was 6,597 employees from the three major telecommunication companies: Safaricom, Airtel Kenya, and Telkom Kenya, with 3,859, 1,694, and 1,044 employees respectively. The unit of observation was employees in top and middle-level management positions. The sample size was determined using Yamane's formula, resulting in 353 employees. Data collection employed semi-structured questionnaires. Analysis was done using SPSS version 29 software. The correlation analysis found a positive significant association between education CSR programs and financial performance (r=0.772, p=0.000). The regression analysis also found a positive significant relationship between education CSR programs and financial performance (β = 0.748, t (324) = 21.794, p<.05). The study concludes that education CSR programs can include; scholarship initiatives, educational infrastructure, and skills development. The study recommends that companies should allocate resources to provide scholarships and financial assistance to students who are in financial need, and contribute to the development of educational infrastructure through providing support to existing schools and construction of new educational institutions.

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The Effect of Strategic Corporate Social Responsibility on Financial Performance: Evidence from China

Cited by 10 publications

References 50 publications

Education Corporate Social Responsibility and Financial Performance of Telecommunication Companies in Kenya

Education Corporate Social Responsibility and Financial Performance of Telecommunication Companies in Kenya

The Role of Company Business Strategy on Sustainability Performance.

Education Corporate Social Responsibility and Financial Performance of Telecommunication Companies in Kenya

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