Corporate Social Responsibility as a Voluntary Initiative But a Mandatory Non-financial Reporting Link Between the Social and Financial Performance of Romanian Companies

Marian Siminica and Mirela Sichigea (Ganea) ()
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Mirela Sichigea (Ganea): University of Craiova

A chapter in Current Issues in Corporate Social Responsibility, 2018, pp 77-96 from Springer

Abstract: Abstract This chapter covers the issue of social responsibility in a double sense: a pragmatic research on how Romanian companies publish information on social responsibility and an empiric research on the connection between the social (CSR) and financial performance of companies (CFP). The conclusion drawn from the study of the official websites of 665 companies shows quite a low interest in CSR reporting. The link between CSR and CFP was only analysed for companies identified as publishing non-financial information. A linear regression model with a numeric endogenous variable (the turnover index, IT) and a dummy exogenous variable (CSR, with value 1 - for involvement in CSR projects; 0 - for non-involvement in CSR projects). The results of tests show a very weak connection between IT and CSR, with a slight trend to disfavour companies showing CSR-related concerns, compared to those who do not have such a focus.

Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:spr:csrchp:978-3-319-70449-4_6

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DOI: 10.1007/978-3-319-70449-4_6

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