The Corporate Social-Financial Performance Relationship

This research note analyzes the relationship between indicators of corporate social and financial performance within a comprehensive theoretical framework. The results, based on data for 67 large U.S. corporations for 1982-1992, reveal no significant negative social-financial performance relationships and strong positive correlations in both contemporaneous and lead-lag formulations.

[1]  J. McGuire,et al.  Corporate Social Responsibility and Firm Financial Performance , 1988 .

[2]  P. Lawrence,et al.  Socio-economics: Toward a New Synthesis , 1993 .

[3]  E. M. B. join,et al.  For Whom Are Corporate Managers Trustees , 1932 .

[4]  Arieh A. Ullmann.  Data in Search of a Theory: A Critical Examination of the Relationships Among Social Performance, Social Disclosure, and Economic Performance of U.S. Firms , 1985 .

[5]  M. Weidenbaum,et al.  Takeovers and Stockholders: Winners and Losers , 1987 .

[6]  Philip L. Cochran,et al.  Corporate Social Responsibility and Financial Performance , 1984 .

[7]  Kenneth L. Kraft,et al.  Strategy, social responsibility and implementation , 1990 .

[8]  W. Schmidt,et al.  Values and the American Manager: An Update Updated , 1992 .

[9]  W. Dugger.  The Economic Institutions of Capitalism , 1987 .

[10]  R. Freeman.  Strategic Management: A Stakeholder Approach , 2010 .

[11]  Bradford Cornell,et al.  Corporate Stakeholders and Corporate Finance , 1987 .

[12]  Kenneth E. Aupperle,et al.  An empirical examination of the relationship between corporate so#al responsibility and profitabilit , 1985 .

[13]  Abbass F. Alkhafaji.  A Stakeholder Approach to Corporate Governance: Managing in a Dynamic Environment , 1989 .

[14]  M. Clarkson,et al.  For Whom Are Corporate Managers Trustees , 1998 .

[15]  Kenneth E. Aupperle,et al.  An expanded investigation into the relationship of corporate social responsibility and financial performance , 1989 .

[16]  Pieter C. Arlow,et al.  Social Responsiveness, Corporate Structure, and Economic Performance , 1982 .