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Financial performance of European companies involved in environmental activities of corporate social responsibility

Author

Listed:
  • Petru Ștefea

    (West University of Timisoara, Faculty of Economics and Business Administration, Romania)

  • Grațiela Georgiana Noja

    (West University of Timisoara, Faculty of Economics and Business Administration, Romania)

  • Irina-Maria Grecu

    (West University of Timisoara, Faculty of Economics and Business Administration, Romania)

Abstract

The purpose of this research is to determine the linkages and interdependencies between the financial performance of companies with an economic activity carried out in European countries and the specific dimensions of Corporate Social Responsibility (CSR), focusing on the environmental component. The research is based on network analysis which implies the configuration of Gaussian Graphical Models (GGMs) and Structural Equation Modelling (SEM). The research endeavour entails the economic determinants that lead to the involvement of companies in social responsibility activities and measures their influence on the financial results and the structure of the companies’ specific management strategies.

Suggested Citation

  • Petru Ștefea & Grațiela Georgiana Noja & Irina-Maria Grecu, 2020. "Financial performance of European companies involved in environmental activities of corporate social responsibility," Journal of Financial Studies, Institute of Financial Studies, vol. 9(5), pages 35-48, November.
    • Handle: RePEc:fst:rfsisf:v:5:y:2020:i:9:p:35-48
    DOI: 10.6084/m9.figshare.13621559
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    References listed on IDEAS

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    1. Otoo, Miriam & Drechsel, Pay, 2018. "Resource recovery from waste: business models for energy, nutrient and water reuse in low- and middle-income countries," IWMI Books, International Water Management Institute, number 284165.
    2. Khuda Bakhsh & Sobia Rose & Muhammad Faisal Ali & Najid Ahmad & Muhammad Shahbaz, 2017. "Economic growth, CO2 emissions, renewable waste and FDI relation in Pakistan: New evidences from 3SLS," Post-Print hal-02000433, HAL.
    3. Jae-Joon Han & Hyun Jeong Kim & Jeongmin Yu, 2016. "Empirical study on relationship between corporate social responsibility and financial performance in Korea," Asian Journal of Sustainability and Social Responsibility, Springer, vol. 1(1), pages 61-76, December.
    4. Elisabet Aguado & Adelheid Holl, 2018. "Differences of Corporate Environmental Responsibility in Small and Medium Enterprises: Spain and Norway," Sustainability, MDPI, vol. 10(6), pages 1-13, June.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    financial performance; Corporate Social Responsibility; environment; environmental policies; management strategies;
    All these keywords.

    JEL classification:

    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility
    • M16 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - International Business Administration
    • Q53 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Air Pollution; Water Pollution; Noise; Hazardous Waste; Solid Waste; Recycling

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