L’environnement juridique affecte-t-il la relation RSE-stabilité financière ?

Sana Ben Abdallah and Dhafer Saïdane

Revue d'économie financière, 2022, vol. N° 147, issue 3, 289-300

Abstract: In this article, we analyze the relationship between corporate social responsibility (CSR) and corporate financial stability by highlighting the role of the legal system. To examine this relationship, we use panel data from 244 companies operating in countries with non-common law legal regimes and 827 companies operating in common law countries, over the period 2010-2019. The results show that CSR improves the stability of companies in non-common law countries. However, it has no significant effect on the financial stability of companies in common law countries. Our results also show that financial stability has a positive and significant impact on CSR for companies from both legal systems. Classification JEL : G30, G33, K30, M14, P05.

JEL-codes: G30 G33 K30 M14 (search for similar items in EconPapers)
Date: 2022
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