Financial performance of European companies involved in environmental activities of corporate social responsibility – Petru Ștefea, Grațiela Georgiana Noja, Irina-Maria Grecu

 Authors: Petru Ștefea, Grațiela Georgiana Noja, Irina-Maria Grecu
 Vol. 5 • No. 9 • November 2020


The purpose of this research is to determine the linkages and interdependencies between the financial performance of companies with an economic activity carried out in European countries and the specific dimensions of Corporate Social Responsibility (CSR), focusing on the environmental component. The research is based on network analysis which implies the configuration of Gaussian Graphical Models (GGMs) and Structural Equation Modelling (SEM). The research endeavour entails the economic determinants that lead to the involvement of companies in social responsibility activities and measures their influence on the financial results and the structure of the companies’ specific management strategies.

Keywords: financial performance, Corporate Social Responsibility, environment, environmental policies, management strategies

JEL Classification:: M14, M16, Q53