The impact of social responsibility on corporate financial performance: A systematic literature review
Autor(a) principal: | |
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Data de Publicação: | 2023 |
Outros Autores: | , |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | http://hdl.handle.net/11328/4656 |
Resumo: | Although corporate social responsibility (CSR) has been gaining relevance in the academic, business, and political worlds, the relationship between CSR and performance remains unclear. This study provides a better understanding of the relationship between companies' financial performance and CSR activities. In other words, can the allocation of company resources to address social, environmental, and governance issues be a source of synergy to increase business value and improve financial performance for the benefit of the company and its stakeholders? To shed new light on this issue, we mapped this topic via a systematic review and content analysis of 53 articles identified in the confluence between CSR and financial performance from 1984 to 2021. Our study suggests that CSR directly impacts a company's financial performance, and this impact becomes more significant as the company's environmental, social, and governance (ESG) scores improve. Moreover, we must note that this is a comprehensive study whose results include analyses of companies from the world's largest stock market indices, mutual funds, sustainable portfolios, non-sustainable portfolios, regions, asset classes for ESG investing, emerging markets, developed and developing countries, among others. Additionally, this study provides a path for future research. |
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The impact of social responsibility on corporate financial performance: A systematic literature reviewEnvironmental managementFinancial performanceSocial responsibilitySustainabledevelopmentAlthough corporate social responsibility (CSR) has been gaining relevance in the academic, business, and political worlds, the relationship between CSR and performance remains unclear. This study provides a better understanding of the relationship between companies' financial performance and CSR activities. In other words, can the allocation of company resources to address social, environmental, and governance issues be a source of synergy to increase business value and improve financial performance for the benefit of the company and its stakeholders? To shed new light on this issue, we mapped this topic via a systematic review and content analysis of 53 articles identified in the confluence between CSR and financial performance from 1984 to 2021. Our study suggests that CSR directly impacts a company's financial performance, and this impact becomes more significant as the company's environmental, social, and governance (ESG) scores improve. Moreover, we must note that this is a comprehensive study whose results include analyses of companies from the world's largest stock market indices, mutual funds, sustainable portfolios, non-sustainable portfolios, regions, asset classes for ESG investing, emerging markets, developed and developing countries, among others. Additionally, this study provides a path for future research.Wiley2023-01-23T17:14:11Z2023-01-17T00:00:00Z2023-01-17info:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/11328/4656eng1535-3958 (Print)1535-3966 (Electronic)https://doi.org/10.1002/csr.2446Coelho, RuiJayantilal, ShitalFerreira, João J.info: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:RCAAP2023-06-15T02:13:21ZPortal AgregadorONG |
dc.title.none.fl_str_mv |
The impact of social responsibility on corporate financial performance: A systematic literature review |
title |
The impact of social responsibility on corporate financial performance: A systematic literature review |
spellingShingle |
The impact of social responsibility on corporate financial performance: A systematic literature review Coelho, Rui Environmental management Financial performance Social responsibility Sustainabledevelopment |
title_short |
The impact of social responsibility on corporate financial performance: A systematic literature review |
title_full |
The impact of social responsibility on corporate financial performance: A systematic literature review |
title_fullStr |
The impact of social responsibility on corporate financial performance: A systematic literature review |
title_full_unstemmed |
The impact of social responsibility on corporate financial performance: A systematic literature review |
title_sort |
The impact of social responsibility on corporate financial performance: A systematic literature review |
author |
Coelho, Rui |
author_facet |
Coelho, Rui Jayantilal, Shital Ferreira, João J. |
author_role |
author |
author2 |
Jayantilal, Shital Ferreira, João J. |
author2_role |
author author |
dc.contributor.author.fl_str_mv |
Coelho, Rui Jayantilal, Shital Ferreira, João J. |
dc.subject.por.fl_str_mv |
Environmental management Financial performance Social responsibility Sustainabledevelopment |
topic |
Environmental management Financial performance Social responsibility Sustainabledevelopment |
description |
Although corporate social responsibility (CSR) has been gaining relevance in the academic, business, and political worlds, the relationship between CSR and performance remains unclear. This study provides a better understanding of the relationship between companies' financial performance and CSR activities. In other words, can the allocation of company resources to address social, environmental, and governance issues be a source of synergy to increase business value and improve financial performance for the benefit of the company and its stakeholders? To shed new light on this issue, we mapped this topic via a systematic review and content analysis of 53 articles identified in the confluence between CSR and financial performance from 1984 to 2021. Our study suggests that CSR directly impacts a company's financial performance, and this impact becomes more significant as the company's environmental, social, and governance (ESG) scores improve. Moreover, we must note that this is a comprehensive study whose results include analyses of companies from the world's largest stock market indices, mutual funds, sustainable portfolios, non-sustainable portfolios, regions, asset classes for ESG investing, emerging markets, developed and developing countries, among others. Additionally, this study provides a path for future research. |
publishDate |
2023 |
dc.date.none.fl_str_mv |
2023-01-23T17:14:11Z 2023-01-17T00:00:00Z 2023-01-17 |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://hdl.handle.net/11328/4656 |
url |
http://hdl.handle.net/11328/4656 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.relation.none.fl_str_mv |
1535-3958 (Print) 1535-3966 (Electronic) https://doi.org/10.1002/csr.2446 |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.publisher.none.fl_str_mv |
Wiley |
publisher.none.fl_str_mv |
Wiley |
dc.source.none.fl_str_mv |
reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação instacron:RCAAP |
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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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1777302558078926848 |