Further evidence on the association between corporate social responsibility and financial performance

Purpose – The purpose of this paper is to examine the association between corporate social responsibility (CSR) and financial performance.Design/methodology/approach – This paper performs an empirical test on the association between CSR and financial performance of a firm.Findings – The regression analysis reveals a significant and positive association between CSR and financial performance. In addition, it finds that the age of long‐term assets is highly correlated with CSR.Originality/value – This paper extends Cochran and Wood by using a larger and more recent sample to examine the association between CSR and financial performance of a firm. It contributes to the CSR literature.

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