Corporate Social Practices and Firm Financial Performance: Empirical Evidence from France

Sonia Boukattaya and Abdelwahed Omri
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Sonia Boukattaya: GEF-2A Lab, Institut Supérieur de Gestion de Tunis (ISG Tunis), Université de Tunis, Bardo 2000, Tunisia
Abdelwahed Omri: GEF-2A Lab, Institut Supérieur de Gestion de Tunis (ISG Tunis), Université de Tunis, Bardo 2000, Tunisia

IJFS, 2021, vol. 9, issue 4, 1-17

Abstract: The present work aimed to examine the association between Corporate Social performance (CSP) and corporate financial performance (CFP) taking into account corporate social irresponsibility. Here, we used a sample of French non-financial firms listed on SBF 120 between 2011 and 2016. Our findings provided evidence that corporate social responsibility (CSR) and corporate social irresponsibility (CSI) exert opposite effects on the CFP. Using an estimation of the vector autoregressive (VAR) model for panel data, we showed that the CSI has a greater and more lasting impact on CFP than CSR.

Keywords: corporate social responsibility; corporate social irresponsibility; firm value; market value; panel vector autoregressive model (search for similar items in EconPapers)
JEL-codes: F2 F3 F41 F42 G1 G2 G3 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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