The link between corporate social and financial performance: Evidence from the banking industry [Book Review]
David Bourget (Western Ontario)
David Chalmers (ANU, NYU)
Rafael De Clercq
Jack Alan Reynolds
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Journal of Business Ethics 35 (2):97 - 109 (2002)
The purpose of this investigation is to extend earlier research on the relationship between corporate social and financial performance. The unique contribution of the study is the empirical analysis of a sample of companies from the banking industry and the use of Community Reinvestment Act ratings as a social performance measure. The empirical analysis solidly supports the hypothesis that the link between social and financial performance is positive.
|Keywords||Community Reinvestment Act Rating financial performance social performance|
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Citations of this work BETA
Hoje Jo, Hakkon Kim & Kwangwoo Park (forthcoming). Corporate Environmental Responsibility and Firm Performance in the Financial Services Sector. Journal of Business Ethics.
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Julie Pirsch, Shruti Gupta & Stacy Landreth Grau (2007). A Framework for Understanding Corporate Social Responsibility Programs as a Continuum: An Exploratory Study. [REVIEW] Journal of Business Ethics 70 (2):125 - 140.
Minna Halme & Juha Laurila (2009). Philanthropy, Integration or Innovation? Exploring the Financial and Societal Outcomes of Different Types of Corporate Responsibility. Journal of Business Ethics 84 (3):325 - 339.
M. Victoria López, Arminda Garcia & Lazaro Rodriguez (2007). Sustainable Development and Corporate Performance: A Study Based on the Dow Jones Sustainability Index. [REVIEW] Journal of Business Ethics 75 (3):285 - 300.
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