Academy of Management Journal · 1984 · 291 citations · 12 references
BusinessFinanceFinancial ManagementCorporate FinanceCorporate Social ResponsibilityFinancial EconometricsCorporate CitizenshipCorporate SustainabilityCsr StrategyPanel Data MethodsSocial ResponsibilityCorporate Social Responsibility PerformanceCsr ReportingFinancial Performance ImpactFinancial Performance ManagementFirm Financial PerformancePanel Data EstimationPanel Data Regression
The relationship between corporate social responsibility and financial performance is reexamined using a new methodology, improved technique, and industry-specific control groups. Average age of corporate assets is found to be highly correlated with social responsibility ranking. After controlling for this factor, there still is some correlation between corporate social responsibility and financial performance.
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