Exploring CSR and financial performance of full-service and low-cost air carriers

Ann Shawing Yang and Suvd Baasandorj

Finance Research Letters, 2017, vol. 23, issue C, 291-299

Abstract: We analyze the influence of corporate social responsibility (CSR) toward the financial performance of low-cost (LCC) and full-service air carriers (FSC). The fixed-effect model of panel data analysis is applied for the study period from 2006 to 2015. FSCs improve financial performance via environmental and social CSR activities; compared to LCCs via increased firm size and environmental CSR activities. Firm age significant negatively influences LCCs, whereas leverage shows mixed significant influence toward FSCs. CSR increases current and expected financial performances for FSCs and LCCs, respectively. FSCs and LCCs, with further environmental participation, could increase CSR scores and enhance financial performance.

Keywords: Corporate social responsibility; Financial performance; Full-service air carrier; Low-cost air carrier; International aviation industry (search for similar items in EconPapers)
JEL-codes: G34 L25 L93 M14 (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (42)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S1544612317301770
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:23:y:2017:i:c:p:291-299

DOI: 10.1016/j.frl.2017.05.005

Access Statistics for this article

Finance Research Letters is currently edited by R. Gençay

More articles in Finance Research Letters from Elsevier
Bibliographic data for series maintained by Catherine Liu ().