Information Sharing Strategies in the Social Media Era: The Perspective of Financial Performance and CSR in the Food Industry
This paper aims to identify financial measures that are related to Corporate Social Responsibility (CSR) involvement activities. The study concerns the food industry, in which clients, as well as stakeholders, increasingly appreciate socially responsible companies, which could be a crucial factor fo...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
MDPI AG
2020-09-01
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| Series: | Information |
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| Online Access: | https://www.mdpi.com/2078-2489/11/10/463 |
| _version_ | 1797552283842510848 |
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| author | Magdalena Mądra-Sawicka Joanna Paliszkiewicz |
| author_facet | Magdalena Mądra-Sawicka Joanna Paliszkiewicz |
| author_sort | Magdalena Mądra-Sawicka |
| collection | DOAJ |
| description | This paper aims to identify financial measures that are related to Corporate Social Responsibility (CSR) involvement activities. The study concerns the food industry, in which clients, as well as stakeholders, increasingly appreciate socially responsible companies, which could be a crucial factor for future growth strategy. An analysis was made on a sample of 448 food companies from 50 countries in 2009–2020. As a financial measure for CSR assessment, we used profitability ratios, dividend payout ratio, price-to-earnings ratio and market capitalization. The results confirmed that CSR reporting was a crucial division that differentiated companies from the perspective of profitability, OE, market capitalization, and share price. The CSR practices that are realized and published in reports become an important signal for investors that the company has a good financial situation and is able to invest in CSR without reducing its performance. |
| first_indexed | 2024-03-10T15:58:48Z |
| format | Article |
| id | doaj.art-67feff98d7bc462bb5c9f15d44052a51 |
| institution | Directory Open Access Journal |
| issn | 2078-2489 |
| language | English |
| last_indexed | 2024-03-10T15:58:48Z |
| publishDate | 2020-09-01 |
| publisher | MDPI AG |
| record_format | Article |
| series | Information |
| spelling | doaj.art-67feff98d7bc462bb5c9f15d44052a512023-11-20T15:28:09ZengMDPI AGInformation2078-24892020-09-01111046310.3390/info11100463Information Sharing Strategies in the Social Media Era: The Perspective of Financial Performance and CSR in the Food IndustryMagdalena Mądra-Sawicka0Joanna Paliszkiewicz1Institute of Economics and Finance, Warsaw University of Life Sciences—SGGW, 02-787 Warsaw, PolandInstitute of Management, Warsaw University of Life Sciences—SGGW, 02-787 Warsaw, PolandThis paper aims to identify financial measures that are related to Corporate Social Responsibility (CSR) involvement activities. The study concerns the food industry, in which clients, as well as stakeholders, increasingly appreciate socially responsible companies, which could be a crucial factor for future growth strategy. An analysis was made on a sample of 448 food companies from 50 countries in 2009–2020. As a financial measure for CSR assessment, we used profitability ratios, dividend payout ratio, price-to-earnings ratio and market capitalization. The results confirmed that CSR reporting was a crucial division that differentiated companies from the perspective of profitability, OE, market capitalization, and share price. The CSR practices that are realized and published in reports become an important signal for investors that the company has a good financial situation and is able to invest in CSR without reducing its performance.https://www.mdpi.com/2078-2489/11/10/463CSR reportingfinancial performancefood industryinformation sharing |
| spellingShingle | Magdalena Mądra-Sawicka Joanna Paliszkiewicz Information Sharing Strategies in the Social Media Era: The Perspective of Financial Performance and CSR in the Food Industry Information CSR reporting financial performance food industry information sharing |
| title | Information Sharing Strategies in the Social Media Era: The Perspective of Financial Performance and CSR in the Food Industry |
| title_full | Information Sharing Strategies in the Social Media Era: The Perspective of Financial Performance and CSR in the Food Industry |
| title_fullStr | Information Sharing Strategies in the Social Media Era: The Perspective of Financial Performance and CSR in the Food Industry |
| title_full_unstemmed | Information Sharing Strategies in the Social Media Era: The Perspective of Financial Performance and CSR in the Food Industry |
| title_short | Information Sharing Strategies in the Social Media Era: The Perspective of Financial Performance and CSR in the Food Industry |
| title_sort | information sharing strategies in the social media era the perspective of financial performance and csr in the food industry |
| topic | CSR reporting financial performance food industry information sharing |
| url | https://www.mdpi.com/2078-2489/11/10/463 |
| work_keys_str_mv | AT magdalenamadrasawicka informationsharingstrategiesinthesocialmediaeratheperspectiveoffinancialperformanceandcsrinthefoodindustry AT joannapaliszkiewicz informationsharingstrategiesinthesocialmediaeratheperspectiveoffinancialperformanceandcsrinthefoodindustry |