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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.

Suggested Citation

  • 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.
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    1. repec:ris:utmsje:0233 is not listed on IDEAS

    More about this item


    Corporate Social Responsibility; Financial Performance; Return on assets; Return on Equity;

    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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