An Integrated Model to Explain How Corporate Social Responsibility Affects Corporate Financial Performance

By Chin-Shien Lin, Ruei-Yuan Chang, Van Thac Dang. 2015

166 citations recorded by the source corpus.

The effect of corporate social responsibility (CSR) on financial performance has important implications for enterprises, communities, and countries, and the significance of this issue cannot be ignored. Therefore, this paper proposes an integrated model to explain the influence of CSR on financial performance with intellectual capital as a mediator and industry type as a moderator. Empirical results indicate that intellectual capital mediates the relationship between CSR and financial performance, and industry type moderates the direct influence of CSR on financial performance. Such results have critical implications for both academia and practice.

Subfields: Information Systems, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/0f90e4de4afc3e024f6bec6d9144b48a1608e33b

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Information Systems

1. Andreea Apetrei
2. Carlos Lassala
3. J. Sapena

In Strategy and Management

1. Bohyun Yoon
2. J. Lee
3. Ryan Byun
4. Andreea Apetrei
5. Lin Lefen
6. Sohail Ahmad Javeed
7. José Luis Miralles‐Quirós
8. María del Mar Miralles-Quirós

Citations in the corpus

• Sustainability Matter and Financial Performance of Companies (2017, background): “[69] indicate that industry type moderates the direct influence of CSR on financial performance.”
• An Analysis of Corporate Social Responsibility and Firm Performance with Moderating Effects of CEO Power and Ownership Structure: A Case Study of the Manufacturing Sector of Pakistan (2019, background): “This is because firm size may vary with different moderators, as supported by [60,61,166].”
• The Value Relevance of Environmental, Social, and Governance Performance: The Brazilian Case (2018, background): “[43], environmentally sensitive industries have to face serious requirements for non-toxic packaging, less polluting processes, manufacturing practices that respect the ecosystem, etc.”
• Is Earnings Quality Associated with Corporate Social Responsibility? Evidence from the Korean Market (2019, background): “[36] argue that each individual firm has to satisfy heterogeneous CSR requirements from its stakeholders depending on the characteristics of firms.”
• Does ESG Performance Enhance Firm Value? Evidence from Korea (2018, background): “Here, firms generally have to meet higher level of CSR requirements, as well as restrictions by regulators and other interested parties [2,26].”