Despite the fact that numerous studies have been conducted exploring possible relationship between corporate social responsibility and profitability, there is no research focusing on the relationship between code of conduct and financial performance. For this reason, the following research...

The paper examines the development of financial performance of Czech subsidiaries under the control of EU-listed companies during the period 2009-2014. Summary statistics of individual corporate data indicate that both the domicile of the parent and the industry affiliation of the subsidiary...