 What causal relationship between financial stability and CSR?Quelle relation causale entre stabilité financière et RSE ?Dhafer Saïdane and
Sana Ben Abdallah
Post-Print from HAL Abstract: The main objective of this paper is to compare the CSR behavior of European and African firms. In particular, it examines whether the CSR behavior of firms is linked to their financial stability. We tested this relationship using a panel vector autoregressive (PVAR) method. The study is based on a sample of 127 African companies and 519 European firms for the period 2010-2019. The results show that there is a unidirectional relationship between stability and CSR. For European firms, there is a positive and significant impact of CSR on stability. For African firms, stability contributes to the implementation of a sustainable development approach. In addition, our results reveal that there is a virtuous circle between governance dimension and the stability of European and African firms. Keywords: sustainable finance; corporate social responsibility; European firms; African firm; stability; finance durable; RSE; entreprises européennes; entreprises africaines; stabilité (search for similar items in EconPapers) Published in Entreprise & société, 2021, Entreprise & Société 2021 – 1, n° 9, 2021 – 1 (n° 9), pp.125-148. ⟨10.48611/isbn.978-2-406-12203-6.p.0125⟩ There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-03326297 DOI: 10.48611/isbn.978-2-406-12203-6.p.0125 Access Statistics for this paper More papers in Post-Print from HAL |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.