CSR and firm performance : an analysis during the COVID-19 pandemic
Main Author: | |
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Publication Date: | 2022 |
Format: | Master thesis |
Language: | eng |
Source: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Download full: | http://hdl.handle.net/10400.14/38644 |
Summary: | The COVID-19 pandemic, the most recent global phenomenon, has impacted the economy in many ways and is far more than a health crisis. It has severely affected the global economy and financial markets, with a strong presence at the time of writing. Considering all the restrictions imposed since the beginning of the pandemic, it can be considered a social and human crisis, since it also affects individuals, their social relationships, and their lifestyle. This study attempts to analyze the role that CSR practices, which have the purpose to promote the well-being of stakeholders and their relationships, played on firms’ performance during a “social distancing” period and an increase in social isolation. The results show that, during a non-crisis period, before the pandemic, the role of socially responsible practices benefit European companies, with a positive relationship between CSR and firm performance. However, during the COVID 19 pandemic, an increase in CSR practices has a negative impact on companies' performance and allows to mitigate the stock return volatility. |
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CSR and firm performance : an analysis during the COVID-19 pandemicCOVID-19 pandemicCorporate Social Responsibility practicesTrustFinancial performancePandemia COVID-19Práticas Responsabilidade Social e EmpresarialConfiançaPerformance financeiraDomínio/Área Científica::Ciências Sociais::Economia e GestãoThe COVID-19 pandemic, the most recent global phenomenon, has impacted the economy in many ways and is far more than a health crisis. It has severely affected the global economy and financial markets, with a strong presence at the time of writing. Considering all the restrictions imposed since the beginning of the pandemic, it can be considered a social and human crisis, since it also affects individuals, their social relationships, and their lifestyle. This study attempts to analyze the role that CSR practices, which have the purpose to promote the well-being of stakeholders and their relationships, played on firms’ performance during a “social distancing” period and an increase in social isolation. The results show that, during a non-crisis period, before the pandemic, the role of socially responsible practices benefit European companies, with a positive relationship between CSR and firm performance. However, during the COVID 19 pandemic, an increase in CSR practices has a negative impact on companies' performance and allows to mitigate the stock return volatility.A pandemia COVID-19, o fenómeno global mais recente, afetou a economia de várias maneiras e é muito mais do que uma crise na saúde. Este vírus afetou severamente a economia global e os mercados financeiros, com uma forte presença no momento em que este estudo foi escrito. Considerando todas as restrições impostas desde o início da pandemia, pode ser também considerada uma crise social e humana, pois também atinge os indivíduos, as suas relações sociais e seu estilo de vida. Este estudo procura analisar o papel que as práticas de RSE, que têm como objetivo promover o bem-estar das partes interessadas e das suas relações, desempenharam no desempenho das empresas durante um período de “distanciamento social” e aumento do isolamento social. Os resultados mostram que, num período económico mais estável, antes da pandemia, o papel das práticas socialmente responsáveis beneficia as empresas europeias, com uma relação positiva entre a RSE e a performance das empresas. No entanto, durante a pandemia COVID-19, o aumento das práticas de RSE tem um impacto negativo no desempenho das empresas e permite mitigar a volatilidade do retorno das ações.Bonfim, Diana Carina Ribeiro GuimarãesVeritati - Repositório Institucional da Universidade Católica PortuguesaTavares, Ana Margarida Jesus2022-08-31T13:19:17Z2022-01-282022-012022-01-28T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisapplication/pdfhttp://hdl.handle.net/10400.14/38644TID:202964574enginfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-07-12T17:44:09Zoai:repositorio.ucp.pt:10400.14/38644Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T18:31:33.715832Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse |
dc.title.none.fl_str_mv |
CSR and firm performance : an analysis during the COVID-19 pandemic |
title |
CSR and firm performance : an analysis during the COVID-19 pandemic |
spellingShingle |
CSR and firm performance : an analysis during the COVID-19 pandemic Tavares, Ana Margarida Jesus COVID-19 pandemic Corporate Social Responsibility practices Trust Financial performance Pandemia COVID-19 Práticas Responsabilidade Social e Empresarial Confiança Performance financeira Domínio/Área Científica::Ciências Sociais::Economia e Gestão |
title_short |
CSR and firm performance : an analysis during the COVID-19 pandemic |
title_full |
CSR and firm performance : an analysis during the COVID-19 pandemic |
title_fullStr |
CSR and firm performance : an analysis during the COVID-19 pandemic |
title_full_unstemmed |
CSR and firm performance : an analysis during the COVID-19 pandemic |
title_sort |
CSR and firm performance : an analysis during the COVID-19 pandemic |
author |
Tavares, Ana Margarida Jesus |
author_facet |
Tavares, Ana Margarida Jesus |
author_role |
author |
dc.contributor.none.fl_str_mv |
Bonfim, Diana Carina Ribeiro Guimarães Veritati - Repositório Institucional da Universidade Católica Portuguesa |
dc.contributor.author.fl_str_mv |
Tavares, Ana Margarida Jesus |
dc.subject.por.fl_str_mv |
COVID-19 pandemic Corporate Social Responsibility practices Trust Financial performance Pandemia COVID-19 Práticas Responsabilidade Social e Empresarial Confiança Performance financeira Domínio/Área Científica::Ciências Sociais::Economia e Gestão |
topic |
COVID-19 pandemic Corporate Social Responsibility practices Trust Financial performance Pandemia COVID-19 Práticas Responsabilidade Social e Empresarial Confiança Performance financeira Domínio/Área Científica::Ciências Sociais::Economia e Gestão |
description |
The COVID-19 pandemic, the most recent global phenomenon, has impacted the economy in many ways and is far more than a health crisis. It has severely affected the global economy and financial markets, with a strong presence at the time of writing. Considering all the restrictions imposed since the beginning of the pandemic, it can be considered a social and human crisis, since it also affects individuals, their social relationships, and their lifestyle. This study attempts to analyze the role that CSR practices, which have the purpose to promote the well-being of stakeholders and their relationships, played on firms’ performance during a “social distancing” period and an increase in social isolation. The results show that, during a non-crisis period, before the pandemic, the role of socially responsible practices benefit European companies, with a positive relationship between CSR and firm performance. However, during the COVID 19 pandemic, an increase in CSR practices has a negative impact on companies' performance and allows to mitigate the stock return volatility. |
publishDate |
2022 |
dc.date.none.fl_str_mv |
2022-08-31T13:19:17Z 2022-01-28 2022-01 2022-01-28T00:00:00Z |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/masterThesis |
format |
masterThesis |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://hdl.handle.net/10400.14/38644 TID:202964574 |
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http://hdl.handle.net/10400.14/38644 |
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TID:202964574 |
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eng |
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eng |
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info:eu-repo/semantics/openAccess |
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openAccess |
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application/pdf |
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Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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RCAAP |
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RCAAP |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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