The Relationship Between Corporate Social Responsibility and Financial Performance
DOI:
https://doi.org/10.23882/ijdam.24079Keywords:
Sustainable development, social responsibility, corporate social performance, financial performance, risk management, stakeholders cooperative governanceAbstract
In the current era of sustainable development, the integration of economic, social, and environmental dimensions into risk management has become imperative for businesses, particularly in emerging countries. This necessity has spurred the large-scale emergence of Corporate Social Responsibility, encompassing environmental, social, and societal aspects. Alongside this, the concept of Corporate Social Performance has evolved as a quantifiable and measurable indicator derived from CSR practices, reflecting effective stakeholder relationship management. This paper delves into CSP as a metric for social responsibility and its correlation with financial performance, aiming to shed light on the interaction between these two critical dimensions within organizations, especially in the context of emerging economies. Through this exploration, we aim to contribute to the understanding of how CSR initiatives can influence not just the societal impact of a company but also its financial bottom line.
References
Allouche, J., & Laroche, P. (2005). A meta-analytical investigation of the relationship between corporate social and financial performance. Revue de Gestion des Ressources Humaines, 57, 18-41. https://urlz.fr/rtMO
Aupperle, K. E., Carroll, A. B., & Hatfield, J. D. (1985). An Empirical Examination of the Relationship between Corporate Social Responsibility and Profitability. Academy of Management Journal, 28(2), 446-463. doi: 10.2307/256210
Bowman, E. H., & Haire, M. (1975). A strategic posture toward corporate social responsibility. California Management Review, 18(2), 49-58. doi: 10.2307/41164638
Carroll, A. B. (1991). The Pyramid of Corporate Social Responsibility: Toward the Moral Management of Organizational Stakeholders. Business Horizons, 34(4), 39-48. doi: 10.1016/0007-6813(91)90005-G
Carroll, A. B. (1979). A Three-Dimensional Conceptual Model of Corporate Performance. The Academy of Management Review, 4(4), 497-505. doi: 10.2307/257850
Clarkson, M. B. E. (1995). A Stakeholder Framework for Analyzing and Evaluating Corporate Social Performance. Academy of Management Review, 20(1), 92-117. doi: 10.5465/amr.1995.9503271994
Davis, K. (1960). Can Business Afford to Ignore Social Responsibilities? California Management Review, 2(3), 70-76. doi: 10.2307/41166246
Donaldson, T., & Preston, L. E. (1995). The Stakeholder Theory of the Corporation: Concepts, Evidence, and Implications. Academy of Management Review, 20(1), 65-91. doi: 10.5465/amr.1995.9503271992
El Malki, T. (2010). Environnement des entreprises, responsabilité sociale et performance : Analyse empirique dans le cas du Maroc. Thèse de doctorat en sciences économiques, Aix-Marseille Université. https://theses.fr/2010AIX24022
Freeman, R. E. (1984). Strategic Management: A Stakeholder Approach. Boston: Pitman. https://urlz.fr/rtMQ
Friedman, M. (1970). The Social Responsibility of Business is to Increase its Profits. The New York Times Magazine, September 13, 1970
Gond, J.-P., & Igalens, J. (2008). La responsabilité sociale de l’entreprise. Paris: PUF
El Yaagoubi, J. (2019). Impact de la responsabilité sociale des entreprises cotées en bourse de Casablanca sur leur performance financière. Gestion et management. Faculté des Sciences Juridiques, Economiques et Sociales de Fès. https://toubkal.imist.ma/handle/123456789/12137
Meyer, J. W., & Rowan, B. (1977). Institutionalized organizations: Formal structure as myth and ceremony. American Journal of Sociology, 83(2), 340-363. doi: 10.1086/226550
Mitnick, B. M. (2000). Commitment, revelation and the testament of belief: The metrics of measurement of CSP. Business & Society, 39(4), 419-465. doi: 10.1177/000765030003900403
Mohcine, K. (2022). Analyse critique autour de la relation entre la RSE et la performance financière. Revue Internationale des Sciences de Gestion, 5(2). https://revue-isg.com/index.php/home/article/view/957
Powell, W. W., & DiMaggio, P. J. (1991). The New Institutionalism in Organizational Analysis. University of Chicago Press
Preston, L. E., & O’Bannon, D. P. (1997). The corporate social-financial performance relationship: A typology and analysis. Business and Society, 36(4), 419-429. doi: 10.1177/000765039703600406
Schaltegger, S., & Synnestvedt, T. (2002). The link between ‘green’ and economic success: Environmental management as the crucial trigger between environmental and economic performance. Journal of Environmental Management, 65(4), 339-346. doi: 10.1006/jema.2002.0555
Tahri, A. (2014). Responsabilité sociale des entreprises et comportements citoyens: Application au cas de la mutuelle. Thèse de doctorat en sciences de gestion, Université Toulouse I Capitole
Ullmann, A. A. (1985). Data in Search of a Theory: A Critical Examination of the Relationships Among Social Performance, Social Disclosure, and Economic Performance of U.S. Firms. Academy of Management Review, 10(3), 540-557. doi: 10.5465/amr.1985.4278989
Vance, S. (1975). Are Socially Responsible Corporations Good Investment Risks? Managerial Review, 64(8), 18-24
Wartick, S. L., & Cochran, P. L. (1985). The evolution of the corporate social performance model. Academy of Management Review, 10(4), 758-769. doi: 10.5465/amr.1985.4279099
Wood, D. J. (1991). Social Issues in Management: Theory and Research in Corporate Social Performance. Journal of Management, 17(2), 383-406. doi: 10.1177/014920639101700207
Wood, D. J. (2010). Measuring Corporate Social Performance: A Review. International Journal of Management Reviews, 12(1), 50-84. doi: 10.1111/j.1468-2370.2009.00274.x
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2024 Rachid OUSKOU, Mariya BAHI, Ibtissame LAKHLILI
![Creative Commons License](http://i.creativecommons.org/l/by-nc/4.0/88x31.png)
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.