An Empirical Analysis of Corporate Social Responsibility Effects on Financial Performance for Romanian Listed Companies

Vuță, Mariana; Cioacă, Sorin-Iulian; Vuță, Mihai; Enciu, Adrian

doi:10.24818/ea/2019/52/607

Cited by 11 publications

(6 citation statements)

References 45 publications

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“…Many scholars have used regression analysis to empirically study the relationship between CSR and financial performance [8], [9]. Buallay adopted a multiple linear regression model to test the relationship between CSR disclosure and corporate performance [10].…”

Section: B the Relationship Between Csr And Financial Performancementioning

confidence: 99%

“…However, there are relatively few studies on cross-level and multidimensional CSR, and analysis of the relationship between CSR and financial performance on a single level is one-sided to a certain extent. In the past, only the traditional regression analysis method was used to measure the impact of CSR on financial performance because that method did not reveal the configuration relationship among the dimensions of CSR [8]- [12].…”

Section: Introductionmentioning

confidence: 99%

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Promotion Pathways of Financial Performance: A Configuration Analysis of Corporate Social Responsibility Based on a Fuzzy Set Qualitative Comparative Analysis Approach

et al. 2022

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To explore the mechanism of multiple conjunctural causation underlying differences in financial performance, this study selects 39 Chinese companies from the Fortune Global 500 as samples and applies configurational thinking and the qualitative comparative analysis (QCA) approach to integrate five variable conditions concerning corporate social responsibility (CSR). The results show that 3 path configurations achieve high financial performance. Specifically, the first configuration includes highly responsible governance, superior employee rights and interests, and effective environmental protection. The second configuration includes highly responsible governance, superior employee rights, and active public charity. The third configuration includes highly responsible governance, active public charity, and effective environmental protection. The four dimensions involved in the above three path configurations have alternative effects in interpreting financial performance. When the level of responsible governance ability is high, as long as any two conditions among employee rights and interests, environmental protection and public charity also attain a high level, this situation can drive the corporation to achieve high financial performance. Based on the conclusions of this paper, management implications from the perspectives of firms are also proposed.

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Section: B the Relationship Between Csr And Financial Performancementioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Promotion Pathways of Financial Performance: A Configuration Analysis of Corporate Social Responsibility Based on a Fuzzy Set Qualitative Comparative Analysis Approach

et al. 2022

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“…Minton et al (2011) are researching the way in which the excessive risks exposure and the indicators regarding the performances of the American banking sector are dependent on the structure, characteristics and financial experience of the members belonging to the banking board of directors. The increase of the banking assets and decrease of the operational costs (Vuță et al, 2019) are considered by the majority of the banks to be the main profitability factors. The efficient risk management has in most of the time the role of supporting function and control of the banking activity (Aebi et al, 2012).…”

Section: Review Of the Scientific Literaturementioning

confidence: 99%

The Relationship Between the Boards Characteristics and the Risk Management of the Romanian Banking Sector

Bunea

Dinu

2020

Journal of Business Economics and Management

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The main objective of this research is to analyse the relationship between the board of director’ structure of the banks from the Romanian bank sector, the capital demands and the risk management in what concerns these relationships. Regarding the structure of the board of directors, their size is under the loop, alongside with the education of its members, the gender diversity and the members nationality. The indicators concerning the capital demand that are subject of this research are the solvency and the level of the total own funds of the banks and the ones expressing the risk management are represented by the total exposure of weighted assets according to the risk (RWA), the credit risk exposure, the market risk and the operational risk. The authors have tried to answer the question: Is there or is not a direct relationship between the top of the range board of directors structure and the risk management for the banks from the Romanian bank sector? To answer this question, the used methodology is mainly quantitatively, having as core the deductive statistical analysis, testing and identifying connections from the effect and cause category, considering also the significance level.

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“…Vută. et al, 2019), having the effects at the level of capital requirements.Following the onset of the coronavirus pandemic in March 2020, many studies have appeared in the literature on its effect on business performance(Adegboye et al, 2020;Hope et al, 2020;Ohia et al, 2020).…”

mentioning

confidence: 99%

The Impact of Competition and Risk Exposure on Profitability of the Romanian Banking System During the COVID-19 Pandemic

Dinu¹,

Bunea²

2022

JOC

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In the context of the economic uncertainty generated at the national level and caused not only by the COVID-19 pandemic, for a healthy evolution of business relations in the competitive environment, for resilience and survival in this context of the pandemic and efforts to counteract possible financial losses, optimal risk management plays a key role in the banking system to avoid excessive exposure with a negative impact on financial performance. The present research aimed to provide an analysis of the potential relationship between the competition presented on the example of the Romanian banking market (before the onset of the COVID-19 pandemic and after its start), risk management in terms of risk-weighted assets (credit risk, market risk and operational risk), on one hand, and the profitability of the banking system measured by the ROA (return on assets) indicator, on the other. In order to test the formulated hypotheses, the authors used a predominantly quantitative research methodology based on a statistically deductive analysis with a series of testing objectives and potential cause-effect links. The results of this study indicate, before the onset of the COVID-19 pandemic, the existence of a significant intensity correlation between the banks’ exposure to the total risk (RWA) (risk-weighted assets) and the market share (as dependent variables) and the banking performance indicator (ROA) (as an independent variable) and, after the onset of the COVID 19 pandemic, banks’ exposure to the credit risk, together with the position on the banking market.

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An Empirical Analysis of Corporate Social Responsibility Effects on Financial Performance for Romanian Listed Companies

Cited by 11 publications

References 45 publications

Promotion Pathways of Financial Performance: A Configuration Analysis of Corporate Social Responsibility Based on a Fuzzy Set Qualitative Comparative Analysis Approach

Promotion Pathways of Financial Performance: A Configuration Analysis of Corporate Social Responsibility Based on a Fuzzy Set Qualitative Comparative Analysis Approach

The Relationship Between the Boards Characteristics and the Risk Management of the Romanian Banking Sector

The Impact of Competition and Risk Exposure on Profitability of the Romanian Banking System During the COVID-19 Pandemic

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