Corporate social responsibility and firm efficiency: a latent class stochastic frontier analysis

Becchetti, Leonardo; Trovato, Giovanni

doi:10.1007/s11123-011-0207-5

Cited by 41 publications

(28 citation statements)

References 47 publications

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“…The relationship between csr/sustainability and company's financial performance has been researched for some time. However, one unique conclusion about this relationship hasn't been made, although, positive relationship prevails (Al-Tuwaijri et al 2004;Becchetti and Trovato 2011;Erhemjamts et al 2013;Rodgers et al 2013;Škare and Golja 2012).…”

Section: Hypotheses and Research Resultsmentioning

confidence: 99%

Non-Financial Reporting in Croatia: Current Trends Analysis and Future Perspectives

Galant¹

2017

MNG

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Non-financial reporting forms part of corporate reporting. Among other, it includes disclosure of information regarding corporate social responsibility (csr)/sustainability issues and as such represent the supplement to the information provided by financial statements. Compared to the financial reporting, non-financial reporting is voluntary in majority of countries, including Croatia. Thus, companies decide on their own whether to disclose on this issue or not. Considering its voluntariness, the aim of this paper is to determine the current state of non-financial reporting in Croatia by identifying the financial characteristics of companies disclosing non-financial reports. In data analysis, the logistic regression was used. The research was conducted on a sample of Croatian publicly listed companies. Obtained results indicate that larger, more profitable and efficient companies are more probable to disclose non-financial reports, while indebtedness is not significant for it. In addition, further development of corporate social accounting is required, as well as promotion of non-financial reporting benefits.

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Section: Hypotheses and Research Resultsmentioning

confidence: 99%

Non-Financial Reporting in Croatia: Current Trends Analysis and Future Perspectives

Galant¹

2017

MNG

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“…Yet some consensus appears to be emerging in the CSR literature. One common theme behind CSR writings is that managers should focus on multi-stakeholders' welfare instead of concentrating only on maximising the wealth of the shareholders (Becchetti & Trovato, 2011). Stakeholders include 'groups or individuals who benefit from or are harmed by corporate action' (Melé, 2008).…”

Section: Corporate Social Responsibilitymentioning

confidence: 99%

Corporate social responsibility and financial performance relationship: a review of measurement approaches

Galant

Čadež

2017

Economic Research-Ekonomska Istraživanja

281

231

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The relationship between corporate social responsibility (CSR) and corporate financial performance (CFP) has been subject to extensive empirical enquiry. Yet the body of evidence that has accumulated about the nature of the relationship is equivocal. A commonly identified reason for the diverse and contradictory results is measurement issues pertaining to both concepts of interest. This article aims to review alternative operationalisations and measurement approaches for the CSR and CFP concepts that have been deployed in empirical literature concerned with the CSR-CFP relationship. Several findings emanate from our study. First, CSR operationalisations in empirical literature range from multidimensional to one-dimensional. Second, CSR measurement approaches include reputation indices, content analyses, questionnaire-based surveys and one-dimensional measures, whereas CFP measurement approaches include accounting-based measures, market-based measures and combined measures. Third, no CSR measurement approach is without drawbacks. In addition to approach specific drawbacks, two problems inherent in most approaches are researcher subjectivity and selection bias that may influence the nature of CSR-CFP relationship detected in empirical literature. Finally, potential pathways to remedy these drawbacks are suggested.

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“…Higher 'efficiency wages' may contribute to increasing the output sold per worker, thereby offsetting CSR costs and making CSR choices sustainable (Becchetti and Trovato 2011).…”

Section: Csr and Its Relationship With Labour Productivitymentioning

confidence: 99%

CSR Policies: Effects on Labour Productivity in Spanish Micro and Small Manufacturing Companies

Sánchez

Benito‐Hernández

2013

J Bus Ethics

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This paper analyses empirical evidence of efforts to enable Spanish micro and small manufacturing companies to boost their labour productivity rates through the development of the main pillars of their corporate social responsibility (CSR) policies. This study aims to develop new approaches and sensibilities towards work from an ethical, values (virtues) and CSR perspective, showing how internal dimensions of CSR, such those related to relationships with employees and responsibility in processes and product quality, can improve labour performance and labour efficiency, thereby contributing to a better society. The results of a sample of 929 small businesses indicate that the social responsibility policies that most contributed to a short-term increase in labour productivity are those related to internal aspects of the company, in particular its involvement in the quality of processes and products, promotion of innovation and employee care. However, the impact on labour productivity of CSR policies related to external factors, such as relationship with stakeholders and environmental concern, could not be empirically proven in this paper.

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Corporate social responsibility and firm efficiency: a latent class stochastic frontier analysis

Cited by 41 publications

References 47 publications

Non-Financial Reporting in Croatia: Current Trends Analysis and Future Perspectives

Non-Financial Reporting in Croatia: Current Trends Analysis and Future Perspectives

Corporate social responsibility and financial performance relationship: a review of measurement approaches

CSR Policies: Effects on Labour Productivity in Spanish Micro and Small Manufacturing Companies

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