Deep-diving into the relationship between Corporate Social Performance and Corporate Financial Performance - A comprehensive investigation of previous research

Corporate social performance (CSP) and corporate financial performance (CFP) have been studied widely in the last fifteen years. These major efforts in research and publication might have been expected to produce aligned results but is it not the case; this paper aims to study why there is no consen...

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Main Authors: David Robles-Elorza, Leire San-Jose, Sara Urionabarrenetxea
Format: Article
Language:Spanish
Published: Elsevier 2023-05-01
Series:European Research on Management and Business Economics
Subjects:
M14
Online Access:http://www.sciencedirect.com/science/article/pii/S2444883422000158
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author David Robles-Elorza
Leire San-Jose
Sara Urionabarrenetxea
author_facet David Robles-Elorza
Leire San-Jose
Sara Urionabarrenetxea
author_sort David Robles-Elorza
collection DOAJ
description Corporate social performance (CSP) and corporate financial performance (CFP) have been studied widely in the last fifteen years. These major efforts in research and publication might have been expected to produce aligned results but is it not the case; this paper aims to study why there is no consensus among them. By using the bibliometric data obtained from Scopus, this paper looks at four bibliometric indicators (journals, authors, countries, areas) for published work. We look for papers between 1977 and 2018 and identify a total of 371. The findings reveal that there are at least five key journals publishing in CSP-CFP relationship. There is a lack of co-occurrence between authors, regarding areas, two distinct perspectives are detected: one based on sustainability and social responsibility and the other linked more closely to marketing, and both perspectives can be connected via stakeholder theory. It contributes using bibliometric approach, it shows a reason to align the results around the relationship between CSP-CFP and open the windows to create a theory. Finally, the findings of this paper provide insights to the researchers on the development of social responsibility. The disparity of results in this line enriches analysis but does not outcome in a single line of contribution to science, thus decreasing the potential for channelling studies into a single theory. This only seems possible if contributions can be focused on the nexus that unites them: stakeholder theory.
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spelling doaj.art-6ec6b8bc91df4004ad4e841fce37f6a72023-06-16T05:10:27ZspaElsevierEuropean Research on Management and Business Economics2444-88342023-05-01292100209Deep-diving into the relationship between Corporate Social Performance and Corporate Financial Performance - A comprehensive investigation of previous researchDavid Robles-Elorza0Leire San-Jose1Sara Urionabarrenetxea2University of the Basque Country, UPV/EHU, SpainUniversity of the Basque Country, UPV/EHU, Spain; Corresponding author: UPV/EHU, Avda. Lehendakari Agirre 83, 48015 BILBAO, Spain.University of the Basque Country, UPV/EHU, SpainCorporate social performance (CSP) and corporate financial performance (CFP) have been studied widely in the last fifteen years. These major efforts in research and publication might have been expected to produce aligned results but is it not the case; this paper aims to study why there is no consensus among them. By using the bibliometric data obtained from Scopus, this paper looks at four bibliometric indicators (journals, authors, countries, areas) for published work. We look for papers between 1977 and 2018 and identify a total of 371. The findings reveal that there are at least five key journals publishing in CSP-CFP relationship. There is a lack of co-occurrence between authors, regarding areas, two distinct perspectives are detected: one based on sustainability and social responsibility and the other linked more closely to marketing, and both perspectives can be connected via stakeholder theory. It contributes using bibliometric approach, it shows a reason to align the results around the relationship between CSP-CFP and open the windows to create a theory. Finally, the findings of this paper provide insights to the researchers on the development of social responsibility. The disparity of results in this line enriches analysis but does not outcome in a single line of contribution to science, thus decreasing the potential for channelling studies into a single theory. This only seems possible if contributions can be focused on the nexus that unites them: stakeholder theory.http://www.sciencedirect.com/science/article/pii/S2444883422000158M14
spellingShingle David Robles-Elorza
Leire San-Jose
Sara Urionabarrenetxea
Deep-diving into the relationship between Corporate Social Performance and Corporate Financial Performance - A comprehensive investigation of previous research
European Research on Management and Business Economics
M14
title Deep-diving into the relationship between Corporate Social Performance and Corporate Financial Performance - A comprehensive investigation of previous research
title_full Deep-diving into the relationship between Corporate Social Performance and Corporate Financial Performance - A comprehensive investigation of previous research
title_fullStr Deep-diving into the relationship between Corporate Social Performance and Corporate Financial Performance - A comprehensive investigation of previous research
title_full_unstemmed Deep-diving into the relationship between Corporate Social Performance and Corporate Financial Performance - A comprehensive investigation of previous research
title_short Deep-diving into the relationship between Corporate Social Performance and Corporate Financial Performance - A comprehensive investigation of previous research
title_sort deep diving into the relationship between corporate social performance and corporate financial performance a comprehensive investigation of previous research
topic M14
url http://www.sciencedirect.com/science/article/pii/S2444883422000158
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AT saraurionabarrenetxea deepdivingintotherelationshipbetweencorporatesocialperformanceandcorporatefinancialperformanceacomprehensiveinvestigationofpreviousresearch