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The Іmpact of Adopting CSR and Corporate Financial Performance. Evidence from BSE

Adina Dornean and D.-C. Oanea
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D.-C. Oanea: University of Economic Studies, Bucharest, Romania

Вестник Киевского национального университета имени Тараса Шевченко. Экономика., 2018, vol. 6(201), issue 201, 47-53

Abstract: The present paper aims at analysing the link between Corporate Social Responsibility (CSR) and Corporate Financial Performance (CFP) in the case of Romanian listed companies. For accomplishing this, we will start from the existing literature and we will use data for period 2007-2015 (panel data) to which will apply a simple regression model. From the total number of companies listed on Bucharest Stock Exchange (BSE), we selected 59 companies without being excluding from trading and for which financial data were available for the entire period. The results indicated increased financial performance for CSR companies (only 16 of 59 companies have CSR activities) compared with NON-CSR companies. This study has important implications for policy makers, managers, investors, stakeholders, in generally.

Keywords: corporate social responsibility; corporate financial performance; Bucharest Stock Exchange (search for similar items in EconPapers)
Date: 2018
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