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Corporate social responsibility and dimensions of performance: An application to U.S. electric utilities

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  • Ait Sidhoum, Amer
  • Serra, Teresa

Abstract

This paper investigates the relationships among performance dimensions associated with corporate social responsibility (CSR) focusing on the U.S. electric utility sector. Results of a statistical copula approach suggest that economic performance of utilities is compatible with environmental, social, and governance performance, The CSR model has the potential to help U.S. electric utilities become better corporate citizens.

Suggested Citation

  • Ait Sidhoum, Amer & Serra, Teresa, 2017. "Corporate social responsibility and dimensions of performance: An application to U.S. electric utilities," Utilities Policy, Elsevier, vol. 48(C), pages 1-11.
    • Handle: RePEc:eee:juipol:v:48:y:2017:i:c:p:1-11
    DOI: 10.1016/j.jup.2017.06.011
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    Cited by:

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    2. Shahbaz, Muhammad & Karaman, Abdullah S. & Kilic, Merve & Uyar, Ali, 2020. "Board attributes, CSR engagement, and corporate performance: What is the nexus in the energy sector?," Energy Policy, Elsevier, vol. 143(C).
    3. Ligorio, Lorenzo & Caputo, Fabio & Venturelli, Andrea, 2022. "Sustainability disclosure and reporting by municipally owned water utilities," Utilities Policy, Elsevier, vol. 77(C).
    4. Thi Ngan Pham & Phung Phi Tran & Minh-Hieu Le & Hoang Nhi Vo & Cong Dat Pham & Hai-Dang Nguyen, 2022. "The Effects of ESG Combined Score on Business Performance of Enterprises in the Transportation Industry," Sustainability, MDPI, vol. 14(14), pages 1-17, July.
    5. Ajay Kumar & Jyotirani Gupta & Niladri Das, 2022. "Revisiting the influence of corporate sustainability practices on corporate financial performance: An evidence from the global energy sector," Business Strategy and the Environment, Wiley Blackwell, vol. 31(7), pages 3231-3253, November.
    6. Jintao Lu & Licheng Ren & Siqin Yao & Jiayuan Qiao & Wadim Strielkowski & Justas Streimikis, 2019. "Comparative Review of Corporate Social Responsibility of Energy Utilities and Sustainable Energy Development Trends in the Baltic States," Energies, MDPI, vol. 12(18), pages 1-21, September.
    7. Le Thanh Tiep & Ngo Quang Huan & Tran Thi Thuy Hong, 2021. "Role of Corporate Social Responsibility in Sustainable Energy Development in Emerging Economy," International Journal of Energy Economics and Policy, Econjournals, vol. 11(2), pages 172-186.
    8. Charl de Villiers & Jing Jia & Zhongtian Li, 2022. "Corporate social responsibility: A review of empirical research using Thomson Reuters Asset4 data," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 62(4), pages 4523-4568, December.
    9. Changhong Zhao & Yu Guo & Jiahai Yuan & Mengya Wu & Daiyu Li & Yiou Zhou & Jiangang Kang, 2018. "ESG and Corporate Financial Performance: Empirical Evidence from China’s Listed Power Generation Companies," Sustainability, MDPI, vol. 10(8), pages 1-18, July.
    10. Janusz Reichel & Agata Rudnicka & Błażej Socha, 2023. "Energy Poverty—Do Energy Companies Care? Study Results from European Energy Companies," Energies, MDPI, vol. 16(18), pages 1-15, September.
    11. Ewa Stawicka, 2021. "Sustainable Business Strategies as an Element Influencing Diffusion on Innovative Solutions in the Field of Renewable Energy Sources," Energies, MDPI, vol. 14(17), pages 1-13, September.
    12. Ramírez-Orellana, Alicia & Martínez-Victoria, MCarmen & García-Amate, Antonio & Rojo-Ramírez, Alfonso A., 2023. "Is the corporate financial strategy in the oil and gas sector affected by ESG dimensions?," Resources Policy, Elsevier, vol. 81(C).
    13. Shusen Zhu & Hui Sun & Beibei Zhang & Zedong Yang & Xuechao Xia, 2023. "Bilateral Effects of ESG Responsibility Fulfillment of Industrial Companies on Green Innovation," Sustainability, MDPI, vol. 15(13), pages 1-20, June.
    14. Mio, Chiara & Fasan, Marco & Scarpa, Francesco, 2023. "Materiality investor perspectives on utilities’ ESG performance. An empirical analysis of ESG factors and cost of equity," Utilities Policy, Elsevier, vol. 82(C).
    15. Xiaofei Dai & Abu Bakkar Siddik & Huawei Tian, 2022. "Corporate Social Responsibility, Green Finance and Environmental Performance: Does Green Innovation Matter?," Sustainability, MDPI, vol. 14(20), pages 1-17, October.

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    More about this item

    Keywords

    Firm performance; Electric utilities; Copula; Corporate social responsibility;
    All these keywords.

    JEL classification:

    • C2 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables
    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility
    • L94 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Electric Utilities

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