University of Twente Student Theses


Determinants of corporate socially responsible activities of Dutch listed firms

Punte, L. (2013) Determinants of corporate socially responsible activities of Dutch listed firms.

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Abstract:Corporate social responsibility (CSR) is a topic that is receiving increased attention. The notion of firms holding responsibilities has become more generally accepted. Existing studies have mostly focused on the beneficial effects of socially responsible activity. This study contributes to academic literature by examining the determinants of corporate socially responsible activity. This research builds on theories discussed by academics and associated empirical results to identify possible determinants of CSR. Ownership structure, financial performance, size and innovativeness of firms are the determinants of CSR activity that are included in the study. These determinants are tested in a sample containing 64 Dutch firms listed on the Amsterdam Euronext stock exchange. Based upon data obtained from the annual reports a rating of social responsibility has been composed for each firm. Secondary data, obtained from the databases ORBIS and Reach, has been used to measure the determining factors. Ordinary least squares regression analysis was used to test the determinants. The study shows that the level of managerial ownership, institutional ownership and foreign ownership are significant determinants of CSR activity. In addition, the study indicates that the size of a firm is a determinant of CSR activity. However, the study reveals that the financial performance does not significantly determine CSR activity. The results also indicate that the innovativeness of firms is not a significant determinant of CSR activity. Key
Item Type:Essay (Master)
Faculty:BMS: Behavioural, Management and Social Sciences
Subject:85 business administration, organizational science
Programme:Business Administration MSc (60644)
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