A Meta-Analytic Review of Corporate Social Responsibility and Corporate Financial Performance

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Corporate social responsibility engagement and firm performance in Asia Pacific: The role of enterprise risk management (2019, background): “The CSR acts as proper measure for stakeholder management because CSR is the result of company decisions to satisfy the interests and needs of too numerous stakeholders (Harjoto et al., 2015; Wang et al., 2016).”
The causality direction of the corporate social responsibility – Corporate financial performance Nexus: Application of Panel Vector Autoregression approach (2019, background): “Aupperle and Pham (1989) Insignificant No causality Survey Instrument Waddock and Graves (1997) Positive CSR → CFP OLS Wright and Ferris (1997) Negative CSR → CFP Event study Teoh, Welch and Wazzan (1999) Insignificant No causality Event study Moore (2001) Negative CFP → CSR OLS Orlitzky et al.”
Corporate social responsibility and bank efficiency (2020, background): “The degree of economic development may also influence how CSR affects a firm’s revenue (Wang et al., 2016).”
Companies, Meet Ethical Consumers: Strategic CSR Management to Impact Consumer Choice (2019, background): “…irrelevant to consumers, as signified by pessimism of ethical consumerism due to the limited popularity of ethical brands (Irwin, 2015) and the somewhat positive, but inconclusive, link between corporate social and financial performance (Barnett and Salomon, 2012; Peloza, 2009; Wang et al., 2016).”