Exploring the Curvature of the Relationship Between HRM–CSR and Corporate Financial Performance

Olivier Meier (), Philippe Naccache () and Guillaume Schier ()
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Olivier Meier: Université Paris Est
Philippe Naccache: INSEEC School of Business and Economics, INSEEC U.
Guillaume Schier: ESSCA School of Management

Journal of Business Ethics, 2021, vol. 170, issue 4, No 12, 857-873

Abstract: Abstract This article contributes to the general literature on the relationship between corporate social performance and corporate financial performance, as well as to the emerging HRM–CSR literature, by exploring the curvature of the relationship between HRM–CSP and CFP. We advance conceptual arguments in favor of an inverted U-shaped relationship. Our results demonstrate a significant quadratic relationship between HRM–CSP and CFP. We provide evidence that this relationship is not linear or S-shaped but rather inverted U-shaped.

Keywords: HRM–CSR; Corporate financial performance; Corporate social performance; Inverted U-shaped relationship (search for similar items in EconPapers)
Date: 2021
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Citations: View citations in EconPapers (6)

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Persistent link: https://EconPapers.repec.org/RePEc:kap:jbuset:v:170:y:2021:i:4:d:10.1007_s10551-019-04332-3

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DOI: 10.1007/s10551-019-04332-3

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