Abstract
While many studies have examined the relationship of the two constructs of financial performance and CSR, little consensus has emerged. This study investigates the relationship through a set of comprehensive and long-term financial measures, which include both accounting and market returns. Also, an established CSR database generated through a validated CSR research instrument is used in a new, more thorough manner. While the regression analyses reveal no relationship to exist between the constructs, a number of methodological factors are proposed to play a role in contributing to such findings.
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Aupperle, K.E., Van Pham, D. An expanded investigation into the relationship of corporate social responsibility and financial performance. Employ Respons Rights J 2, 263–274 (1989). https://doi.org/10.1007/BF01423356
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DOI: https://doi.org/10.1007/BF01423356