The Relationship Between Corporate Social Performance and Corporate Financial Performance in the Banking Sector
David Bourget (Western Ontario)
David Chalmers (ANU, NYU)
Rafael De Clercq
Jack Alan Reynolds
Learn more about PhilPapers
Journal of Business Ethics 104 (1):133-148 (2011)
Since the 1970s, many Anglo-American studies have investigated the theme of corporate social responsibility (CSR) and its costs and benefits. Most studies have tried to test, largely in samples of multiple industries, the relationship between corporate social performance (CSP) and corporate financial performance (CFP). These analyses, however, have produced conflicting results and any attempt to give a generalized and coherent conclusion has proved inadequate. This article examines the ways CSP can be proxied and investigates the possible relationship between CSP (measured by ethical rating) and CFP (measured by market and accounting ratios) in the banking sector using correlation methodology. It emerges that there is no statistically significant link between CSP and CFP.
|Keywords||Banking sector Corporate financial performance Corporate social performance Corporate social responsibility Correlation|
|Categories||categorize this paper)|
Setup an account with your affiliations in order to access resources via your University's proxy server
Configure custom proxy (use this if your affiliation does not provide a proxy)
|Through your library|
References found in this work BETA
Melville T. Cottrill (1990). Corporate Social Responsibility and the Marketplace. Journal of Business Ethics 9 (9):723 - 729.
Charles J. Fombrun, Naomi A. Gardberg & Michael L. Barnett (2000). Opportunity Platforms and Safety Nets: Corporate Citizenship and Reputational Risk. Business and Society Review 105 (1):85-106.
Samuel B. Graves & Sandra A. Waddock (2000). Beyond Built to Last ... Stakeholder Relations in “Built‐to‐Last” Companies. Business and Society Review 105 (4):393-418.
Moses L. Pava & Joshua Krausz (1996). The Association Between Corporate Social-Responsibility and Financial Performance: The Paradox of Social Cost. [REVIEW] Journal of Business Ethics 15 (3):321 - 357.
Lee E. Preston & Douglas P. O’Bannon (1997). The Corporate Social-Financial Performance Relationship. Business and Society 36 (4):419-429.
Citations of this work BETA
Chih-Wei Peng & Mei-Ling Yang (forthcoming). The Effect of Corporate Social Performance on Financial Performance: The Moderating Effect of Ownership Concentration. Journal of Business Ethics.
Similar books and articles
Philip L. Baird, Pinar Celikkol Geylani & Jeffrey A. Roberts (2012). Corporate Social and Financial Performance Re-Examined: Industry Effects in a Linear Mixed Model Analysis. [REVIEW] Journal of Business Ethics 109 (3):367-388.
Francesco Perrini, Angeloantonio Russo, Antonio Tencati & Clodia Vurro (2011). Deconstructing the Relationship Between Corporate Social and Financial Performance. Journal of Business Ethics 102 (S1):59-76.
Bernadette M. Ruf, Krishnamurty Muralidhar, Robert M. Brown, Jay J. Janney & Karen Paul (2001). An Empirical Investigation of the Relationship Between Change in Corporate Social Performance and Financial Performance: A Stakeholder Theory Perspective. [REVIEW] Journal of Business Ethics 32 (2):143 - 156.
Isaiah Yeshayahu Marom (2006). Toward a Unified Theory of the CSP–CFP Link. Journal of Business Ethics 67 (2):191 - 200.
W. Gary Simpson & Theodor Kohers (2002). The Link Between Corporate Social and Financial Performance: Evidence From the Banking Industry. [REVIEW] Journal of Business Ethics 35 (2):97 - 109.
Daisuke Okamoto (2009). Social Relationship of a Firm and the Csp–Cfp Relationship in Japan: Using Artificial Neural Networks. [REVIEW] Journal of Business Ethics 87 (1):117 - 132.
Marc Orlitzky (2001). Does Firm Size Comfound the Relationship Between Corporate Social Performance and Firm Financial Performance? Journal of Business Ethics 33 (2):167 - 180.
Betty S. Coffey & Gerald E. Fryxell (1991). Institutional Ownership of Stock and Dimensions of Corporate Social Performance: An Empirical Examination. [REVIEW] Journal of Business Ethics 10 (6):437 - 444.
Michael L. Barnett (2005). Stakeholder Influence Capacity and the Variability of Financial Returns to Corporate Social Responsibility. Proceedings of the International Association for Business and Society 16:287-292.
Stephen Brammer, Stephen Pavelin & Lynda Porter (2005). Corporate Social Performance and Geographical Diversification. Proceedings of the International Association for Business and Society 16:81-86.
Peter A. Stanwick & Sarah D. Stanwick (1998). The Relationship Between Corporate Social Performance, and Organizational Size, Financial Performance, and Environmental Performance: An Empirical Examination. [REVIEW] Journal of Business Ethics 17 (2):195-204.
Rim Makni, Claude Francoeur & François Bellavance (2009). Causality Between Corporate Social Performance and Financial Performance: Evidence From Canadian Firms. [REVIEW] Journal of Business Ethics 89 (3):409 - 422.
Geoff Moore (2001). Corporate Social and Financial Performance: An Investigation in the U.K. Supermarket Industry. [REVIEW] Journal of Business Ethics 34 (3-4):299 - 315.
Bruce Seifert, Sara A. Morris & Barbara R. Bartkus (2003). Comparing Big Givers and Small Givers: Financial Correlates of Corporate Philanthropy. [REVIEW] Journal of Business Ethics 45 (3):195 - 211.
Philipp Schreck (2011). Reviewing the Business Case for Corporate Social Responsibility: New Evidence and Analysis. [REVIEW] Journal of Business Ethics 103 (2):167-188.
Added to index2011-10-21
Total downloads55 ( #35,218 of 1,679,437 )
Recent downloads (6 months)9 ( #25,869 of 1,679,437 )
How can I increase my downloads?