The Impact of Corporate Social Responsibility on Financial Performance: The Case of United Kingdom’s Companies

Amara Tijani and Ncib Adel

International Journal of Economics & Business Administration (IJEBA), 2022, vol. X, issue 3, 53-66

Abstract: Purpose: The purpose of this article is to look at how Corporate Social Responsibility affects financial performance. Design/methodology/approach: The information used comes from a database of 97 companies that spans the years 2012 through 2020 (873 observations). Multiple regressions is the statistical instrument, and management quality is employed as a control variable. A principal component analysis revealed that EFP is one-dimensional, whereas CSR has three dimensions: ERL (Economic-Legal Responsibility), ERR (Environmental Responsibility), and EPR (Environmental Policy Responsibility) (Ethical-Philanthropic Responsibility). The study demonstrates and evaluates CSR's favorable impact on EFP. Findings: According to the research results, the established evaluation model is used to comprehensively explore the effects of CSR on company performance. The experimental results show that in the 4 models selected, the CSR variable has a positive impact (0.084; 0.076; 0.055 and 0.29 respectively). However, it is statistically significant at the α

Keywords: CSR; Social Responsibility; financial performance; United Kingdom. (search for similar items in EconPapers)
Date: 2022
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:ers:ijebaa:v:x:y:2022:i:3:p:53-66

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