Does Corporate Social Responsibility Improve Firm 's Financial Performances?

2250 Words9 Pages
Does corporate social responsibility improve firm’s financial performances?

Table of Contents

Abstract………………………………………………………………………………………………………………………

Introduction……………………………………………………………………………………………………………….
Background ………………………………………………………………………………………………………………..
Statement of the problem……………………………………………………………………………………………
Purpose of the study ………………………………………………………………………………………………….
Specific research questions……………………………………………………………………………………….

Literature review………………………………………………………………………………………………………..

Theoretical basis of CSR……………………………………………………………………………………………..

Empirical connection between CSR & FP…………………………………………………………………….
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It was observed that CSR could be a key instrument to the financial improvements of any organization.
Keywords: Corporate social responsibility, financial performance, United States, Content analysis.
Introduction:
Corporate Social Responsibility (CSR) which can also be sustainable responsibility business/ responsible business strategy functions as a built – in, self-regulatory system whereby a business screens and ensures that activities are complied with, in the spirit of the laws, moral standards, and global standards. The objective of CSR is to embrace responsibility regarding the organizations activities and encourage a positive effect through its activities on the environment, consumer’s employees, communities, and all different individuals of the public who might be considered as stake holders. The basic underlying understanding of CSR concept is the voluntary engagement of companies to coordinate their business operations with the social and natural expectation of their stakeholders.
The definition of corporate social responsibility is not abstruse. According to business for social responsibility (BSR) corporate social responsibility defines “Achieving commercial success in ways that honor ethical values and respect people, communities and the natural environment.
On the other hand, CSR is positively related to firm’s market worth as earlier research has found it, but effort have been place mostly on looking the relationship between financial performance
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