STUDY REGARDING THE IMPACT OF THE CORPORATE SOCIAL RESPONSIBILITY UPON FIRMS' FINANCIAL PERFORMANCE

Georgeta Vintila, Dan Armeanu (), Paula Lazar () and Maria Moscalu ()

Theoretical and Applied Economics, 2009, vol. 12(541)(supplement), issue 12(541)(supplement), 475-482

Abstract: In this paper, the authors intend to present a method of measuring corporate social performance (CSP), through a coefficient, and to study the link between this measure of CSP and the financial strength indicators of a company (size and profitability measures), at the level of a sample of Romanian companies listed on Bucharest Stock Exchange, making use of a series of statistic methods such as correlations analysis, principal components analysis, cluster analysis and discriminant analysis. Although in a manner that has limitations, this study has revealed that, at the level of the sample employed, it can be established a positive relationship between CSP and corporate financial performance (CFP), founding toward which indicate the majority of the studies in literature.

Keywords: corporate social responsibility (CSR); corporate social performance (CSP); corporate financial performance (CFP); CSP-CFP relationship. (search for similar items in EconPapers)
Date: 2009
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