{"id":3854,"date":"2021-05-26T09:57:03","date_gmt":"2021-05-26T09:57:03","guid":{"rendered":"https:\/\/revista.isfin.ro\/?p=3854"},"modified":"2022-05-19T21:40:36","modified_gmt":"2022-05-19T21:40:36","slug":"the-impact-of-social-responsibility-on-financial-performance-evidence-from-romanian-companies","status":"publish","type":"post","link":"https:\/\/revista.isfin.ro\/en\/2021\/05\/26\/the-impact-of-social-responsibility-on-financial-performance-evidence-from-romanian-companies\/","title":{"rendered":"The impact of social responsibility on financial performance: evidence from Romanian companies"},"content":{"rendered":"
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\u00a0Author: Nour Lakiss
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Abstract<\/strong><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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This study aims to assess the impact of corporate social responsibility (CSR) on the financial performance (PF) of Romanian companies to provide a practical framework for measuring the performance of companies. The financial performance of the company considered as a dependent variable was established through accounting measures (ROA, ROE, ROIC, EPS), liquidity measure (current ratio), and market-based measure (PBV). Based on a regression analysis, the results showed that CSR positively influences EPS but has no influence on ROA, ROE, ROIC, and PBV. The variable CA\/ANG had a negative influence on ROA in the first model, a negative influence on ROE in the first model (where the total number of employees represents the size of the company and the ratio Long-term debt \/ Equity ratio represents the debt). In addition, CA\/ANG had positive in the second model (where the total assets represent the size of the company and the ratio Total debt \/ Equity represents the debt), a negative influence in the two models of ROIC, and a positive influence on the PBV. Concerning size measures, the total number of employees positively influences ROA and PBV. For debt, the variable DT_CP has a negative influence on ROE and ROIC while the variable DTL_CP positively influences ROIC and negatively the PBV. The two models where liquidity ratio was used as the dependent variable were not statistically validated.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Keywords<\/strong>: Corporate social responsibility, financial performance, accounting\u2010based measures, market-based measures, regression<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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JEL Classification<\/strong>: A10, M14.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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DOI<\/strong>: 10.55654\/JFS.2021.6.10.04<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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\u00a0Author: Nour Lakiss\u00a0Vol. 6 \u2022 No. 10 \u2022 May 2021 View Abstract PDF View Article PDF Abstract This study aims to assess the impact of corporate social responsibility (CSR) on the financial performance (PF) of Romanian companies to provide a practical framework for measuring the performance of companies. The financial performance of the company considered …<\/p>\n

The impact of social responsibility on financial performance: evidence from Romanian companies<\/span> Read More »<\/a><\/p>","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[174],"tags":[],"yoast_head":"The impact of social responsibility on financial performance: evidence from Romanian companies - Revista de Studii Financiare<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/revista.isfin.ro\/en\/2021\/05\/26\/the-impact-of-social-responsibility-on-financial-performance-evidence-from-romanian-companies\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The impact of social responsibility on financial performance: evidence from Romanian companies - Revista de Studii Financiare\" \/>\n<meta property=\"og:description\" content=\"\u00a0Author: Nour Lakiss\u00a0Vol. 6 \u2022 No. 10 \u2022 May 2021 View Abstract PDF View Article PDF Abstract This study aims to assess the impact of corporate social responsibility (CSR) on the financial performance (PF) of Romanian companies to provide a practical framework for measuring the performance of companies. 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