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Relevance Of Corporate Social Responsibility Indicators For Measuring Financial Performance

Author

Listed:
  • BELASCU Lucian

    (Lucian Blaga University of Sibiu)

  • HOROBET Alexandra

    (The Bucharest University of Economic Studies)

  • SERBAN-OPRESCU Anca-Teodora

    (The Bucharest University of Economic Studies)

Abstract

Clarifying the impact of corporate social responsibility on the economic and/or financial performance of the firm has been the subject of numerous studies, which focus on the nature of the interaction between the ability of companies to achieve a high level of corporate social responsibility on the one hand, and financial performance, on the other. The paper aims to contribute to the literature in this field by studying the relevance of stock exchange indexes built on the principles of corporate social responsibility as a tool to measure the financial performance of firms that adopt corporate social responsibility as manner of approach to business.

Suggested Citation

  • BELASCU Lucian & HOROBET Alexandra & SERBAN-OPRESCU Anca-Teodora, 2013. "Relevance Of Corporate Social Responsibility Indicators For Measuring Financial Performance," Revista Economica, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 65(4), pages 7-20.
    • Handle: RePEc:blg:reveco:v:65:y:2013:i:4:p:6-20
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    File URL: http://economice.ulbsibiu.ro/revista.economica/archive/65401belascu&horobet&serbanoprescu.pdf
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    References listed on IDEAS

    as
    1. Sandra A. Waddock & Samuel B. Graves, 1997. "The Corporate Social Performance–Financial Performance Link," Strategic Management Journal, Wiley Blackwell, vol. 18(4), pages 303-319, April.
    2. Blacconiere, Walter G. & Patten, Dennis M., 1994. "Environmental disclosures, regulatory costs, and changes in firm value," Journal of Accounting and Economics, Elsevier, vol. 18(3), pages 357-377, November.
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    Cited by:

    1. OGREAN Claudia & HERCIU Mihaela, 2022. "Sustainability Performance And Reporting – A Strategic Issue For Electric Car Automakers," Studies in Business and Economics, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 17(3), pages 288-305, December.

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