An empirical study on the relationship of corporate financial performance and human capital concerning corporate social responsibility: Pplying SEM and Bayesian SEM

Artikel

The importance of corporate social responsibility (CSR) has increased in corporate strategic management. Thus, this study focuses on three relationships: 1) the relationship between corporate financial performance (CFP) and CSR activities (CSRA), 2) the relationship between CSRA and human capital (HC), and 3) the relationship between HC and CFP. This study uses fact-based data to remove subjective influences as much as possible. Fact-based data include an ordinal scale such as the presence or absence of specific measures. In addition, since it is assumed that the three relationships are mutually affected, this study analyses them simultaneously to consider a mediating effect. In this analysis, structural equation modelling (SEM) and Bayesian SEM (BSEM) are applied to fact-based data collected from 219 listed companies in Japan. The analysis results clarify that CSRA directly impacts CFP and mediates the impact of HC on CFP. In addition, the path value of CSRA to CFP is larger in BSEM than in SEM. Thus, this study shows the merit of using a method that can handle ordinal scale indicators.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Journal: Cogent Business & Management ; ISSN: 2331-1975 ; Volume: 6 ; Year: 2019 ; Pages: 1-21 ; Abingdon: Taylor & Francis

Classification and Topics

• Classification: Management
• Subject: corporate social responsibility ; structural equation modelling ; Bayesian structural equation modelling ; human resources

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Iwamoto, Hiroki ; Suzuki, Hideo
• Event: Veröffentlichung
• (who): Taylor & Francis
• (where): Abingdon
• (when): 2019

Further information

• DOI: doi:10.1080/23311975.2019.1656443
• Handle: http://hdl.handle.net/10419/206229
• Last update: 10.03.2025, 11:45 AM CET