Assessing the Impact of Corporate Social Responsibility on Financial Performance. The Healthcare Industry

Loredana-Georgia IVAN (NIÈšU)
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Loredana-Georgia IVAN (NIÈšU): University of Craiova

Finante - provocarile viitorului (Finance - Challenges of the Future), 2023, vol. 1, issue 25, 37-45

Abstract: This paper aims to investigate how the social performance of companies in a controversial sector influences their financial performance, illustrating the effects of the total social score and how the four components contribute to this relationship. To increase their financial success without eroding social and environmental capital, healthcare organizations are setting new targets for sustainable practices. The main objective of this research, which covers 103 healthcare companies, is to highlight the link between financial performance, as measured by return on assets, and nonfinancial sustainability, as measured by the social performance score. In the complexity of the results, a pronounced relationship between ROA and the human rights score can be observed. The study enhances the ability to understand the link between socialsustainability implications and financial performance in a sustainability-sensitive industry.

Keywords: social performance; ROA; sustainability; health sector (search for similar items in EconPapers)
JEL-codes: G30 M14 Q50 (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:aio:fpvfcf:v:1:y:2023:i:25:p:37-45

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