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The Relationship between Corporate Social Responsibility and Corporate Financial Performance – Evidence from Empirical Studies

Author

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  • Mikołajek-Gocejna Magdalena

    (Ph.D., Warsaw School of Economics, Institute of Value Management)

Abstract

Socially responsible investment (SRI) has experienced strong growth in recent years. In 2012, $1 out of every $9 US assets under professional management was invested in some form of sustainable investment.1 Global sustainable investment assets have expanded dramatically, rising from $13.3 trillion at the outset of 2012 to reach a total of $21.4 trillion at the start of 2014. Most of the SRI assets are in Europe (63.7 percent), but the relative contribution of the United States has increased from 28.2 percent in 2012 to 30.8 percent in 2014, and over this two-year period, the fastest growing region has been the United States, followed by Canada and Europe. These three regions are also the largest regions in terms of assets, accounting for 99 percent of global SRI.2

Suggested Citation

  • Mikołajek-Gocejna Magdalena, 2016. "The Relationship between Corporate Social Responsibility and Corporate Financial Performance – Evidence from Empirical Studies," Comparative Economic Research, Sciendo, vol. 19(4), pages 67-84, December.
    • Handle: RePEc:vrs:coecre:v:19:y:2016:i:4:p:67-84:n:4
    DOI: 10.1515/cer-2016-0030
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