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Corporate SRI and Financial Performance: A Panel Data Analysis

Felicia Alina Dinu and Razvan Dobrea ()

Journal of Applied Management and Investments, 2013, vol. 2, issue 3, 168-175

Abstract: The globalization, the actual business environment’s competition and complexity requires continuous organizational adaptation to the new success generating principles. The social issues and implicitly the sustainability of the realized investments have rapidly become current interests of the organizations that wish to accept the performance and to generate it. But can business meet new social and environmental expectations and also have favorable financial results? In order to highlight the answer of this question, our paper analyzes a panel data model on the top world companies (listed in FORTUNE 500) from 2006 to 2010. The results suggests a direct relation, positive and bidirectional between the value of company’s responsible investments and its achieved financial performance.

Keywords: corporate social responsibility; socially responsible investment (SRI); financial performance; Panel model (search for similar items in EconPapers)
Date: 2013
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Handle: RePEc:ods:journl:v:2:y:2013:i:3:p:168-175