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Corporate social responsibility and financial performance in the Australian context

Author

Listed:
  • Matthew Brine

    (Treasury, Government of Australia)

  • Rebecca Brown

    (Treasury, Government of Australia)

  • Greg Hackett

    (Treasury, Government of Australia)

Abstract

The concept of social responsibility of corporations has engendered considerable interest in Australia in recent years. While previous research on the relationship between corporate social responsibility and financial performance has largely been based on international data, this paper examines the relationship between the adoption of corporate social responsibility and the financial performance of companies within Australia. A number of economic drivers for corporate social responsibility have been identified that may explain its voluntary adoption by companies. Our preliminary results revealed no statistically significant relationship between corporate social responsibility and financial performance; however, a number of opportunities for refining the research were identified.

Suggested Citation

  • Matthew Brine & Rebecca Brown & Greg Hackett, 2007. "Corporate social responsibility and financial performance in the Australian context," Economic Roundup, The Treasury, Australian Government, issue 2, pages 47-58, June.
  • Handle: RePEc:tsy:journl:journl_tsy_er_2007_2_1
    as

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    File URL: http://archive.treasury.gov.au/documents/1268/PDF/04_CSR.pdf
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    Cited by:

    1. repec:nup:jrmdke:v:5:y:2017:i:3:415-437 is not listed on IDEAS
    2. Villafán Vidales Katia Beatriz & Ayala Ortiz Dante Ariel, 2014. "Responsabilidad social de las empresas agrícolas y agroindustriales aguacateras de Uruapan, Michoacán, y sus implicaciones en la competitividad," Contaduría y Administración, Accounting and Management, vol. 59(4), pages 223-251, octubre-d.

    More about this item

    Keywords

    corporate culture; corporate financial performance; Australia; social responsibility;

    JEL classification:

    • D21 - Microeconomics - - Production and Organizations - - - Firm Behavior: Theory
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility

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