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Corporate SRI and Financial Performance: A Panel Data Analysis

Author

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  • Felicia Alina Dinu
  • Razvan Catalin Dobrea

    (Bucharest University of Economic Studies, Romania
    Bucharest University of Economic Studies, Romania)

Abstract

The globalization, the actual business environment’s competition and complexity requires continuous organizational adaptation to the new success generating principles. The social issues and implicitly the sustainability of the realized investments have rapidly become current interests of the organizations that wish to accept the performance and to generate it. But can business meet new social and environmental expectations and also have favorable financial results? In order to highlight the answer of this question, our paper analyzes a panel data model on the top world companies (listed in FORTUNE 500) from 2006 to 2010. The results suggests a direct relation, positive and bidirectional between the value of company’s responsible investments and its achieved financial performance.

Suggested Citation

  • Felicia Alina Dinu & Razvan Catalin Dobrea, 2013. "Corporate SRI and Financial Performance: A Panel Data Analysis," Journal of Applied Management and Investments, Department of Business Administration and Corporate Security, International Humanitarian University, vol. 2(3), pages 168-175.
  • Handle: RePEc:ods:journl:v:2:y:2013:i:3:p:168-175
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    Cited by:

    1. repec:ods:journl:v:6:y:2017:i:3:p:186-196 is not listed on IDEAS
    2. G.V. Satya Sekhar, 2016. "Ten Myths of Performance Evaluation of Mutual Funds: a Snapshot View," Journal of Applied Management and Investments, Department of Business Administration and Corporate Security, International Humanitarian University, vol. 5(1), pages 59-65, February.
    3. Tapos Kumar, 2017. "Corporate Social Responsibility Practice of Bangladesh Road Transport Corporation: A Comparative Study on the Basis of Carroll’s Pyramid," Journal of Applied Management and Investments, Department of Business Administration and Corporate Security, International Humanitarian University, vol. 6(2), pages 96-105, May.

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