Artikel
Corporate social responsibility: Motives and financial performance
The relationship between companies and society has been questioned for a long time. However, the effect of the motives behind CSR regarding the companies' actual engagement with CSR has received little attention, especially in emerging markets. This paper tackles this issue for the first time using a sample of Jordanian companies. We explore the effect of two types of motives on the level of engagement in CSR: extrinsic motive (financial) and intrinsic motives (ethical and altruistic). The relationship between the company's actual financial performance and CSR is also investigated. Primary data were collected using a questionnaire, distributed to Jordanian company's managers in five sectors: pharmaceutical, technology and telecommunication, construction, farming, and financial services. Multiple regression analysis was conducted to depict the relationships. Results show that the intrinsic motives have a significant effect on CSR, while the extrinsic motive has none. When intrinsic motives were tested separately, results showed that the ethical motive had a significant effect, while the altruistic had no effect. In both cases, CSR was shown to be more significantly driven by the company's financial performance. Different stakeholders such as policymakers, entrepreneurs, researchers, and investors may use the results of this study to increase companies' involvement in CSR.
- Language
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Englisch
- Bibliographic citation
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Journal: International Journal of Financial Studies ; ISSN: 2227-7072 ; Volume: 8 ; Year: 2020 ; Issue: 4 ; Pages: 1-17 ; Basel: MDPI
- Classification
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Wirtschaft
Corporate Culture; Diversity; Social Responsibility
- Subject
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corporate social responsibility (CSR)
extrinsic motives
intrinsic motives
financial performance
- Event
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Geistige Schöpfung
- (who)
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Atmeh, Muhannad
Shaban, Mohammad
Alsharairi, Malek
- Event
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Veröffentlichung
- (who)
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MDPI
- (where)
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Basel
- (when)
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2020
- DOI
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doi:10.3390/ijfs8040076
- Handle
- Last update
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10.03.2025, 11:42 AM CET
Data provider
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Artikel
Associated
- Atmeh, Muhannad
- Shaban, Mohammad
- Alsharairi, Malek
- MDPI
Time of origin
- 2020
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