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Simpson, Wayne; Kohers, Theodor

doi:10.1023/a:1013082525900

Cited by 665 publications

(169 citation statements)

References 17 publications

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“…A significant number of studies support the existence of such a relationship, in chronological order: Moskowitz (1972Moskowitz ( , 1975, Bragdon andMarlin (1972), Cochram andWood (1984), McGuire, Sundgren, and Schneeweis. (1988), McGuire, Schneeweis, and Branch (1990), Waddock and Graves (1997), Simpson and Kohers (2002). In the case of Spain, Fernández-Rodríguez, Gómez-Ansón, andCuervo-García (2004), Fernández andLuna (2007), Prado et al (2008), and Charlo and Moya (2010) also point in this direction.…”

Section: Theorical Frameworkmentioning

confidence: 89%

Corporate Social Responsibility and Financial Performance: The Spanish Case

Madorran

Garcia

2016

Rev. adm. empres.

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The enormous interest aroused by corporate social responsibility both in the academic and the business worlds forms the background for this study. Its objective is to analyze the relationship between corporate social responsibility and financial performance in view of the debate in the literature on the subject. The study focuses on a sample of Spanish companies taken from the IBEX 35 stock market index, using panel data methodology, which offers advantages in comparison to methodologies used in other studies. We analyzed the period from 2003 to 2010. Our findings suggest that there is no obvious relationship between corporate social responsibility and financial results, at least in the case of Spain.KEYWORDS | Corporate social responsibility, panel data, performance, Spanish firms, IBEX 35. [2003][2004][2005][2006][2007][2008][2009][2010]. Los resultados sugieren que la relación entre responsabilidad social y resultados no es tan obvia, al menos para el caso español. RESUMO O enorme interesse gerado pela responsabilidade social corporativa tanto no mundo acadêmico quanto no empresarial forma o pano de fundo para este estudo. Seu objetivo é analisar a relação entre a responsabilidade social corporativa e o desempenho financeiro em vista do debate existente na literatura sobre o tema. O estudo concentra-se em uma amostra de empresas espanholas tomadas do índice IBEX 35, da bolsa de valores de Madri, utilizando a metodologia de dados em painel, que oferece vantagens em comparação com metodologias utilizadas em outros estudos. Analisamos o período que abrange os anos de 2003 a 2010. Nossas conclusões sugerem que não há relação óbvia entre a responsabilidade social corporativa e os resultados financeiros, ao menos no caso da Espanha. PALAVRAS-CHAVE | Responsabilidade social corporativa, dados em painel, desempenho, empresas espanholas, IBEX 35. RESUMEN El enorme interés que despierta la responsabilidad social corporativa tanto en el ámbito empresarial como académico da sentido a este trabajo. El objetivo del trabajo es analizar la relación entre la responsabilidad social corporativa y sus resultados financieros, ya que existe debate en la literatura académica sobre esta cuestión. La cuestión de análisis se aplica a una muestra de empresas españo-las que cotizan en el IBEX 35, utilizando una metodología de datos de panel que aporta novedades a otros análisis realizados. El período de análisis abarca desde PALABRAS CLAVE | Responsabilidad social corporativa, datos de panel, resultados, empresas españo-las, IBEX 35. RAE-Revista de Administração de Empresas | FGV/EAESPDOI INTRODUCTIONIt is a well-known fact that businesses are currently incorporating corporate social responsibility (henceforth, CSR) criteria into their activities. The demands of a changing environment have led firms to pay ever greater attention to their influence over it, both in economic and social terms and those of the environment.In this context, firms have also been seeking competitive advantages sustainable on a long-term basis in a turb...

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Section: Theorical Frameworkmentioning

confidence: 89%

Corporate Social Responsibility and Financial Performance: The Spanish Case

Madorran

Garcia

2016

Rev. adm. empres.

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“…The nature of stakeholder actions is an important factor affecting the CSP, as it determines different policies and activities of the company based on the type of action that stakeholders have requested (Rowley and Berman, 2000). Simpson and Kohers (2002) state that focusing on one single sector allows focusing on the internal validity, rather than on the external validity of a multi-sector analysis.…”

Section: The Relationship Between Csp-cfpmentioning

confidence: 99%

“…Measures such as Fortune Reputation Survey, the KLD index and the Domini 400 Social Index (Hillman and Keim, 2001) are used to identify indicators consistent with this theoretical construct. According to Simpson and Kohers (2002), a problem linked to these measures is connected to the impossibility of obtaining a representative sample extracted from a specific sector.…”

Section: The Relationship Between Csp-cfpmentioning

confidence: 99%

“…Consequently, the bank's involvement in CSR practices determines the benefits for the bank itself (Polychronidou, Ioannidou, Kipouros, Tsourgiannis, and Simet, 2014), and promotes the adoption of sustainable practices by potential applicants, generating a positive impact on sustainable growth (Dorasamy, 2013). Studies on the relationship between CSR and CFP in the banking sector are limited (Forcadell and Aracil, 2017;Goyal, Rahman, and Kazmi, 2013;Wu and Sheng, 2013;Simpson and Kohers, 2002;Scholtens and Dam, 2007;Chih, Chih, and Chen, 2010;Soana, 2011;Carnevale and Mazzuca, 2014;Mallin, Farag, and Ow-Yong, 2014; Esteban-Sanchez, de la Cuesta-Gonzalez, and Paredes-Gazquez, 2017). Scholtens and Dam (2007) compare the commitment in CSR policies, observing that the banks that adopt the Equator Principles pursue important CSR policies but register lower Return on assets (Roa).…”

Section: Corporate Social Responsibility In the Banking Sectormentioning

confidence: 99%

“…The CFP is represented by the Return on average Assets (ROAA) (Aupperle et al, 1985;Barnett and Salomon, 2012;Simpson and Kohers, 2002;Soana, 2011;Van der Laan, Van Ees, and Van Witteloostuijn, 2008). This accounting-based performance measure is able to record the ability of banks to generate income based on the total capital employed, therefore, returns generated from the assets financed by the bank (Simpson and Kohers, 2002).…”

Section: ) Corporate Financial Performancementioning

confidence: 99%

See 2 more Smart Citations

The "Virtuous Circle" Between Corporate Social Performance and Corporate Financial Performance in the European Banking Sector

Bussoli¹,

Conte²

2018

IJBA

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This paper analyses the relationship between Corporate Social Performance (CSP) and Corporate Financial Performance (CFP) in the European banking sector. The good management approach and the slack resources approach have been tested, and the paper aims to verify the existence of a "virtuous circle" between the two performance measures. The econometric analysis, based on panel data, is performed on a sample of 71 listed banks (EU28) in the period between 2011 and 2015. The main findings show a positive influence of CSP on CFP, confirming the good management approach. However, the results demonstrate a negative influence of CFP on CSP, which generates the impossibility of confirming the theoretical assumptions of the slack resources approach. Therefore, the existence of a "virtuous circle" deriving from the integration of the two approaches is not supported.

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