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Does corporate social responsibility have an influence on corporate financial performance? : Evidence from Germany.

Deeva, Evelina (2017) Does corporate social responsibility have an influence on corporate financial performance? : Evidence from Germany.

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Abstract:The term corporate social responsibility has received much attention over the last years. Special attention has gained the question if an investment in CSR activities will result in financial benefits for the company. Therefore, this study focus on the debate whether corporate social responsibility has an effect on corporate financial performance, using a sample of German firms. CSR data is based on information gathered from sustainability reports from 2015 of firms, which are included in the GRI report. In order to define CSR, three variables are proposed: age of employees over 50, CO2 emissions and total number of accidents. Financial performance is defined by return on equity, return on assets and Tobin's Q from 2016. 2016 is chosen in order to avoid the possibility of a reverse relationship, namely financial performance influencing corporate social responsibility. Empirical methods are used to test the relationship. The results indicate, that no relationship between corporate social responsibility and corporate financial performance could be proven with this sample.
Item Type:Essay (Bachelor)
Faculty:BMS: Behavioural, Management and Social Sciences
Subject:85 business administration, organizational science
Programme:International Business Administration BSc (50952)
Link to this item:http://purl.utwente.nl/essays/72730
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