THE STAKEHOLDERS ABILITY TO INFLUENCE THE RELATIONSHIP BETWEEN COMPANIES FINANCIAL PERFORMANCE (CFP) AND CORPORATE SOCIAL RESPONSIBILITY (CSR)

Liliana Nicoleta Simionescu
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Liliana Nicoleta Simionescu: BUCHAREST UNIVERSITY OF ECONOMIC STUDIES, BUCHAREST, ROMANIA

Annals - Economy Series, 2015, vol. 1II, 246-250

Abstract: Many scholars, academicians and practitioners have intensively examined corporate social responsibility (CSR) and corporate financial performance (CFP) in the literature on CSR along the years. Mainstream of these studies suggested a positive relationship or negative, neutral as few others found and/or curvilinear relationships. Hence, this paper develops an understanding for a mediator instrument as regards the relationship between corporate social responsibility and corporate financial performance. The present paper proposes to provide a theoretical framework, which explains how and why, companies through their socially responsible activities leads to a certain company performance by promoting a potential mediator respectively stakeholder ability to influence (SIC). Companies with socially responsible activities accumulate satisfactory SAI stock enjoying an enhanced financial performance. As more the companies invest in CSR activities, the greater SAI stock became. Based on the literature reviewed, the present paper enriches the literature on CSR by proposing three variables that can be used to employ the framework at a company level. The variables are corporate social responsibility (CSR), stakeholder ability to influence (SAI) and corporate financial performance (CFP).

Keywords: Corporate social responsibility; corporate financial performance; mediator; stakeholder ability to influence (search for similar items in EconPapers)
Date: 2015
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