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The industry-specific relationships between corporate financial performance and 11 corporate social performance dimensions : taking a more nuanced perspective

Rathner, Sebastian - 2013

The aim of this paper is to investigate the influence of corporate social performance (CSP) dimensions on corporate financial performance (CFP). It contributes to the literature by exploring a new CSP dataset, by using a more fine-grained CSP measure than prior studies, by explicitly taking...

Persistent link: https://www.econbiz.de/10010191914

Corporate purpose and financial performance

Gartenberg, Claudine; Prat, Andrea; Serafeim, George - 2016

We construct a measure of corporate purpose within a sample of US companies based on approximately 500,000 survey responses of worker perceptions about their employers. We find that this measure of purpose is not related to financial performance. However, high purpose firms come in two forms:...

Persistent link: https://www.econbiz.de/10011873386

Internal vs. external corporate social responsibility at U.S. banks

Bolton, Brian - In: International Journal of Financial Studies : open … 8 (2020) 4/65, pp. 1-28

This study analyzes the effect that banks' investments in corporate social responsibility (CSR) have on bank …. Separating bank CSR activities into internally focused and externally focused ones provides evidence on how different … constituents value bank CSR activities. I find that CSR-related value creation is primarily a result of banks' external investments …

Persistent link: https://www.econbiz.de/10012321121

Greed or Good Deeds : An Examination of the Relation between Corporate Social Responsibility and the Financial Performance of U.S. Commercial Banks around the Financial Crisis

Cornett, Marcia Millon - 2016

We examine the relation between banks' corporate social responsibility (CSR) and financial performance in a context of the recent financial crisis. We find that banks, in general, appear to be rewarded for being socially responsible as financial performance is positively and significantly...

Persistent link: https://www.econbiz.de/10013007138

Transformation of corporate scope in U.S. banks : patterns and performance implications

Cetorelli, Nicola; Jacobides, Michael G.; Stern, Samuel - 2017

Using a novel database containing the time-series details of the organizational structure of individual bank holding … prevailing "modal bank" are better off compared with those pursuing generic diversification. Moreover, we find that early …

Persistent link: https://www.econbiz.de/10011657521