The Corporate Social Performance-Financial Performance Link : Evidence from France

This paper was prepared and accepted for the 2002 AFFI International Conference. Recent scholarship in financial and strategic management suggests that there is a positive, neutral, or negative relationship between corporate social performance and financial performance. Using a new source of data on corporate social performance, this paper reports first results for France. Corporate social performance is found to have no relationship with financial performance. This study also confirms the necessity to control models for investment in research and development