Artikel

Does corporate social responsibility lead to superior performance?

In view of the inconsistent empirical findings in the literature and the limitations of least squares regressions, this paper employs a quantile regression method to investigate the impact that engagement in corporate social responsibility (CSR) activities has on corporate performance in China. An important finding of this work is that a significant, negative relationship across all quantiles exists between engagement in CSR activities and corporate performance in China when using return on assets (ROA), return on equity (ROE), and earnings per share (EPS) as performance measures. However, a significant, negative relationship between engagement in CSR activities and corporate performance only exists at low quantiles when using gross profit to net sales (GP) as a performance measure.

Language
Englisch

Bibliographic citation
Journal: Financial Studies ; ISSN: 2066-6071 ; Volume: 22 ; Year: 2018 ; Issue: 3 (81) ; Pages: 6-22 ; Bucharest: Romanian Academy, National Institute of Economic Research (INCE), "Victor Slăvescu" Centre for Financial and Monetary Research

Classification
Wirtschaft
Econometric Modeling: General
Corporate Finance and Governance: General
Subject
Corporate Performance
Quantile Regression

Event
Geistige Schöpfung
(who)
Liu, Shu-Bing
Kang, Hsin-Hong
Hsueh, Shun-Jen
Event
Veröffentlichung
(who)
Romanian Academy, National Institute of Economic Research (INCE), "Victor Slăvescu" Centre for Financial and Monetary Research
(where)
Bucharest
(when)
2018

Handle
Last update
10.03.2025, 11:41 AM CET

Data provider

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Object type

  • Artikel

Associated

  • Liu, Shu-Bing
  • Kang, Hsin-Hong
  • Hsueh, Shun-Jen
  • Romanian Academy, National Institute of Economic Research (INCE), "Victor Slăvescu" Centre for Financial and Monetary Research

Time of origin

  • 2018

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