企业社会责任能提高财务绩效吗?来自澳大利亚的证据

IF 3.1 3区 管理学 Q2 BUSINESS, FINANCE Australian Accounting Review Pub Date : 2021-07-27 DOI:10.1111/auar.12347
Van Ha Nguyen, Frank W. Agbola, Bobae Choi
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引用次数: 13

摘要

尽管近年来人们对企业社会责任(CSR)的兴趣日益浓厚,但企业社会责任是否影响企业财务绩效的问题仍未得到解决。以2009-2015年的澳大利亚上市公司为样本,我们发现企业社会责任提高了财务绩效。这种积极关系在矿业公司中比在非矿业公司中更为明显。然而,企业社会责任的财务效益受到行业竞争水平的负向调节。在控制了样本选择偏差和内生性以及采用替代变量测量和估计方法后,这些实证结果仍然是稳健的。总体而言,我们的研究结果强调了行业特征在解释企业社会责任对财务绩效的影响方面的重要性。
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Does Corporate Social Responsibility Enhance Financial Performance? Evidence from Australia

Despite the heightened interest in corporate social responsibility (CSR) in recent years, the question of whether CSR affects a firm's financial performance remains unresolved. Using a sample of Australian publicly listed firms over the period 2009–2015, we find that CSR enhances financial performance. The positive relationship is more pronounced in mining firms than it is in non-mining firms. However, the financial benefit of CSR is negatively moderated by the level of industry competition. These empirical findings remain robust after controlling for sample selection bias and endogeneity and employing alternative variable measures and estimation methods. Overall, our findings highlight the importance of industry characteristics in explaining the effects of CSR on financial performance.

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来源期刊
Australian Accounting Review
Australian Accounting Review BUSINESS, FINANCE-
CiteScore
6.30
自引率
17.60%
发文量
31
期刊最新文献
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