The impact of corporate social responsibility strategy on the management and governance axis for sustainable growth

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Lopez, Belen and Rangel Pérez, Celia and Fernández, Manuel (2022) The impact of corporate social responsibility strategy on the management and governance axis for sustainable growth. Journal of Business Research, 150 . pp. 690-698. ISSN 0148-2963

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Official URL: https://doi.org/10.1016/j.jbusres.2022.06.025



Abstract

The aim of this work is to show whether a continuous strategy in Corporate Social Responsibility (CSR) over time brings efficiency and profitability to the company’s operations. The methodology used in this paper is based on two sets of variables: the scoring for 27 listed companies present in the Spanish MERCO Corporate Responsibility and Governance Ranking (MERCO CR&G Ranking), and their share price in the Spanish open stock market for said companies from 2011 to 2019. These variables are compared with regressive, autoregressive and moving average econometrical methods over time. Results reveal that: (i) there is a directly proportional relationship between CSR, measured by the MERCO CR&G Ranking, and the share price; (ii) such relationship loses relevance when considering the economic context; (iii) the great progress of CSR in terms of management, transparency, measurement, environment and governance translates into a crucial contribution to the efficiency and sustainable growth of the company.


Item Type:Article
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CRUE-CSIC (Acuerdos Transformativos 2022)

Uncontrolled Keywords:Corporate social responsibility, Management, Governance, Efficiency, Sustainable growth
Subjects:Social sciences > Economics > Industrial management
Social sciences > Economics > Economic development
ID Code:73456
Deposited On:07 Jul 2022 07:02
Last Modified:18 Oct 2022 08:54

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