Revisiting the Impact of Social Performance on Financial Performance from a Global Perspective
There is a continuing debate in the Corporate Social Responsibility literature as to whether and how firms' social performance (SP) affects their financial performance (FP). Theoretical arguments as well as empirical measurements point to somewhat contradictory results. Most of the empirical wo...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
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International Journal of Business Science and Applied Management
2014-11-01
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| Series: | International Journal of Business Science and Applied Management |
| Subjects: | |
| Online Access: | https://www.business-and-management.org/paper.php?id=104 |
| _version_ | 1797902503842414592 |
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| author | Tebini, H. Lang , P. MZali, B. Perez-Gladish, B |
| author_facet | Tebini, H. Lang , P. MZali, B. Perez-Gladish, B |
| author_sort | Tebini, H. |
| collection | DOAJ |
| description | There is a continuing debate in the Corporate Social Responsibility literature as to whether and how firms' social performance (SP) affects their financial performance (FP). Theoretical arguments as well as empirical measurements point to somewhat contradictory results. Most of the empirical work is predicated on rigid conventional models, expressing constant or strictly monotonic marginal returns in the assumed SP-FP relationship. This paper revisits this relationship from a global perspective, relaxing the range of admissible models. A non-monotonic framework incorporating contextual factors is proposed. Five models are tested over a common 17 years horizon. They yield consistent significant estimates and concur on the existence of such a relationship although the latter has evolved over time. They support the notion of a complex SP-FP impact. |
| first_indexed | 2024-04-10T09:18:44Z |
| format | Article |
| id | doaj.art-602c357f73fb42409dbc3392dd291ad6 |
| institution | Directory Open Access Journal |
| issn | 1753-0296 |
| language | English |
| last_indexed | 2024-04-10T09:18:44Z |
| publishDate | 2014-11-01 |
| publisher | International Journal of Business Science and Applied Management |
| record_format | Article |
| series | International Journal of Business Science and Applied Management |
| spelling | doaj.art-602c357f73fb42409dbc3392dd291ad62023-02-20T18:08:42ZengInternational Journal of Business Science and Applied ManagementInternational Journal of Business Science and Applied Management1753-02962014-11-01923050Revisiting the Impact of Social Performance on Financial Performance from a Global PerspectiveTebini, H.Lang , P.MZali, B.Perez-Gladish, BThere is a continuing debate in the Corporate Social Responsibility literature as to whether and how firms' social performance (SP) affects their financial performance (FP). Theoretical arguments as well as empirical measurements point to somewhat contradictory results. Most of the empirical work is predicated on rigid conventional models, expressing constant or strictly monotonic marginal returns in the assumed SP-FP relationship. This paper revisits this relationship from a global perspective, relaxing the range of admissible models. A non-monotonic framework incorporating contextual factors is proposed. Five models are tested over a common 17 years horizon. They yield consistent significant estimates and concur on the existence of such a relationship although the latter has evolved over time. They support the notion of a complex SP-FP impact.https://www.business-and-management.org/paper.php?id=104social performancefinancial performancecontingency factorsindustrial contextstrategyvaluation |
| spellingShingle | Tebini, H. Lang , P. MZali, B. Perez-Gladish, B Revisiting the Impact of Social Performance on Financial Performance from a Global Perspective International Journal of Business Science and Applied Management social performance financial performance contingency factors industrial context strategy valuation |
| title | Revisiting the Impact of Social Performance on Financial Performance from a Global Perspective |
| title_full | Revisiting the Impact of Social Performance on Financial Performance from a Global Perspective |
| title_fullStr | Revisiting the Impact of Social Performance on Financial Performance from a Global Perspective |
| title_full_unstemmed | Revisiting the Impact of Social Performance on Financial Performance from a Global Perspective |
| title_short | Revisiting the Impact of Social Performance on Financial Performance from a Global Perspective |
| title_sort | revisiting the impact of social performance on financial performance from a global perspective |
| topic | social performance financial performance contingency factors industrial context strategy valuation |
| url | https://www.business-and-management.org/paper.php?id=104 |
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