Dans les brumes de l'endogénéité. Une étude critique des relations entre performance sociétale et performance économique

Maria Bruna (), Béchir Ben Lahouel and Brahim Gaies ()
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Maria Bruna: IPAG Business School, IPAG Business School - Chaire IPAG "Entreprise Inclusive" - IPAG Business School
Béchir Ben Lahouel: IPAG Business School, IPAG Business School - Chaire IPAG "Entreprise Inclusive" - IPAG Business School
Brahim Gaies: IPAG Business School

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Abstract: Managers engage in CSR practices improvement strategies, not randomly, but taking into account the anticipation of the marginal financial impact of these strategic decisions. The purpose of this article is to raise awareness among researchers, in the field of social issues in management, about endogeneity bias that plagued the econometric models used so far. This article offers an approach for understanding endogeneity bias in studies based on panel data models. It presents statistical demonstrations of possible sources of endogeneity (i.e., omissions of variables, simultaneity, measurement errors), and provides an overview of the most commonly used econometric methods to overcome them. Finally, this article shows the superiority of the Generalized Method of Moments (GMM) in the case of studies based on panel data.

Keywords: Corporate social performance; Endogeneity; Financial performance; Financial performance; GMM; Endogénéité; Performance sociétale des entreprises; Performance financière (search for similar items in EconPapers)
Date: 2022-12-01
New Economics Papers: this item is included in nep-des
Note: View the original document on HAL open archive server: https://hal.science/hal-04070564
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Published in Management & sciences sociales, 2022, Enjeux de responsabilité sociale pour la GRH, 33 (33), pp.99-115

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