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Empirical Analysis of the Relationship between Corporate Social Responsibility (CSR) and Corporate Financial Performance

作者:Zhao Huijie

院校:Inner Mongolia University, China

摘要:This study empirically examines the relationship between Corporate Social Responsibility (CSR) and Corporate Financial Performance (CFP) through a comprehensive analysis of a stratified sample of multinational corporations. Utilizing established theoretical frameworks, including Stakeholder Theory, Resource-Based View (RBV), and Institutional Theory, the research explores the direct and moderated effects of CSR on various financial metrics. The findings indicate a positive correlation between CSR engagement and financial indicators such as Return on Assets (ROA) and Stock Price Growth, suggesting that CSR activities can be a strategic investment for companies. The study also identifies company size, industry, and geographic location as potential moderators of the CSR-CFP relationship. Limitations include the cross-sectional design and reliance on self-reported data. The research concludes with policy implications and recommendations for future studies to further explore the CSR-CFP relationship in different contexts and with longitudinal data.

关键词

Corporate Social Responsibility (CSR); Corporate Financial Performance (CFP); Stakeholder Theory; ResourceBased View (RBV); Institutional Theory; Strategic Management; Sustainability; Financial Metrics; Return on Assets (ROA); Stock Price Growth; Moderating Factors; Policy Implications

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参考

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