The DOI matches its Crossref record; 6 of the 6 references it cites were found in a registry or an index.
Does Corporate Social Responsibility Pay Off in Times of Crisis? An Alternate Perspective on the Relationship between Financial and Corporate Social Performance
Abstract
There are numerous studies analyzing the relationship between corporate social performance (CSP) and financial performance, and even if recent surveys give the upper hand to a generally positive relationship, this question still gives rise to debate. I have chosen to approach this theme from a different angle in order to provide an alternate perspective on this issue: does CSP play a role during periods of uncertainty? I test this hypothesis of CSP acting as an insurance‐like protection on a sample of French listed companies, over several reference periods around the current financial crisis. My findings show a significant positive link between CSP and financial performance for the period corresponding to the beginning of the crisis (second‐half of 2007), but in early 2007 and after the first six months of turmoil, there is no longer a significant connection between the two variables. Copyright © 2012 John Wiley & Sons, Ltd and ERP Environment.
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Cites
The Social Responsibility of Business Is to Increase Its Profits
Friedman, M. (2007) · Corporate Ethics and Corporate Governance · doi:10.1007/978-3-540-70818-6_14 · Cited by 11,529
Corporate Social and Financial Performance: A Meta-Analysis
Orlitzky, M., Schmidt, F. L., & Rynes, S. L. (2003) · Organization Studies · doi:10.1177/0170840603024003910 · Cited by 7,641
The Stakeholder Theory of the Corporation: Concepts, Evidence, and Implications
Donaldson, T., & Preston, L. E. (1995) · The Academy of Management Review · doi:10.2307/258887 · Cited by 5,846
How corporate social responsibility is defined: an analysis of 37 definitions
Dahlsrud, A. (2008) · Corporate Social Responsibility and Environmental Management · doi:10.1002/csr.132 · Cited by 4,092
Corporate Social Performance As a Competitive Advantage in Attracting a Quality Workforce
Greening, D. W., & Turban, D. B. (2000) · Business & Society · doi:10.1177/000765030003900302 · Cited by 2,077
Environmental disclosures, regulatory costs, and changes in firm value
Blacconiere, W. G., & Patten, D. M. (1994) · Journal of Accounting and Economics · doi:10.1016/0165-4101(94)90026-4 · Cited by 782
Cited by
Esteban-Sanchez, P., de la Cuesta-Gonzalez, M., & Paredes-Gazquez, J. D. (2017) · Journal of Cleaner Production · doi:10.1016/j.jclepro.2017.06.127 · Cited by 396
Do ESG strategies enhance bank stability during financial turmoil? Evidence from Europe
Chiaramonte, L., Dreassi, A., Girardone, C., & Piserà, S. (2022) · The European Journal of Finance · doi:10.1080/1351847x.2021.1964556 · Cited by 389
Gangi, F., Meles, A., D'Angelo, E., & Daniele, L. M. (2019) · Corporate Social Responsibility and Environmental Management · doi:10.1002/csr.1699 · Cited by 331
Gangi, F., Daniele, L. M., & Varrone, N. (2020) · Business Strategy and the Environment · doi:10.1002/bse.2482 · Cited by 264
Lachuer, J., & Jabeur, S. B. (2022) · Journal of Asset Management · doi:10.1057/s41260-022-00291-z · Cited by 29
Metadata
- Authors
- Ducassy, I.
- Venue
- Corporate Social Responsibility and Environmental Management
- Publisher
- Wiley
- Published
- 2012-02-17
- Volume
- 20
- Issue
- 3
- Pages
- 157-167
- ISSN
- 1535-3958 (ISSN-L)
- 1535-3966
- OpenAlex
- W2162747028
- Cited by
- 218
- References
- 6
- FWCI
- 25.83
- Type
- journal article
- Language
- en
- Open access
- closed
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