Corporate Social Practices and Firm Financial Performance: Empirical Evidence from France

被引：8
|
作者：
Boukattaya, Sonia [1 ]
Omri, Abdelwahed [1 ]
机构：
[1] Univ Tunis, Inst Super Gest Tunis ISG Tunis, GEF 2A Lab, Bardo 2000, Tunisia
来源：
INTERNATIONAL JOURNAL OF FINANCIAL STUDIES | 2021年 / 9卷 / 04期
关键词：
corporate social responsibility; corporate social irresponsibility; firm value; market value; panel vector autoregressive model; RESPONSIBILITY; SUSTAINABILITY; GOVERNANCE; IMPACT; CSR; IRRESPONSIBILITY; DISCLOSURE; AGENCY; MODEL; GMM;
D O I：
10.3390/ijfs9040054
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
The present work aimed to examine the association between Corporate Social performance (CSP) and corporate financial performance (CFP) taking into account corporate social irresponsibility. Here, we used a sample of French non-financial firms listed on SBF 120 between 2011 and 2016. Our findings provided evidence that corporate social responsibility (CSR) and corporate social irresponsibility (CSI) exert opposite effects on the CFP. Using an estimation of the vector autoregressive (VAR) model for panel data, we showed that the CSI has a greater and more lasting impact on CFP than CSR.
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页数：17
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