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The Link Between Corporate Social Responsibility and Financial Performance: A Quantitative Analysis For Companies in Romania


  • Gabriel CHELARIU

    (Alexandru Ioan Cuza University from Iasi, Romania)


The purpose of this article is to examine the relationship between CSR (Corporate Social Responsibility) and financial performance in companies in Romania. Outside the border, various methods have been explored and many models have been implemented which have demonstrated the link between the two. Conclusions of this analyze come to support the results presented by other authors. The research is based on accounting measures, ROA and ROE analysis the financial performance of companies. Based on the study we can say that between CSR and financial performance is a significant connection.

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  • Gabriel CHELARIU, 2017. "The Link Between Corporate Social Responsibility and Financial Performance: A Quantitative Analysis For Companies in Romania," North Economic Review, Technical University of Cluj Napoca, Department of Economics and Physics, vol. 1(1), pages 179-185, October.
  • Handle: RePEc:clj:noecrw:v:1:y:2017:i:1:p:179-185

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    References listed on IDEAS

    1. Mahon, John F. & McGowan, Richard A., 1991. "Searching for the common good: A process-oriented approach," Business Horizons, Elsevier, vol. 34(4), pages 79-86.
    2. Forest L. Reinhardt & Robert N. Stavins & Richard H. K. Vietor, 2008. "Corporate Social Responsibility Through an Economic Lens," Review of Environmental Economics and Policy, Association of Environmental and Resource Economists, vol. 2(2), pages 219-239, Summer.
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    Cited by:

    1. Camelia-Daniela Hategan & Ruxandra-Ioana Pitorac & Nicoleta-Daniela Milu, 2021. "Assessment of the Mandatory Non-Financial Reporting of Romanian Companies in the Circular Economy Context," IJERPH, MDPI, vol. 18(24), pages 1, December.
    2. Pop, Izabela Luiza & Florina Hahn, Rada & Michaela Radulescu, Corina, 2018. "Sustainable Development As A Source Of Competitive Advantage:An Empirical Research Study In Museums," UTMS Journal of Economics, University of Tourism and Management, Skopje, Macedonia, vol. 9(1), pages 73-83.

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    More about this item


    Corporate Social Responsibility; Financial Performance; Return on assets; Return on Equity;
    All these keywords.

    JEL classification:

    • A10 - General Economics and Teaching - - General Economics - - - General
    • F02 - International Economics - - General - - - International Economic Order and Integration
    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility


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