Corporate Social Responsibility and Financial Performance: Evidence from Tunisian Market.

Author(s)

Jihene Jbenieni Gouider , Hana Hermi ,

Download Full PDF Pages: 134-155 | Views: 331 | Downloads: 96 | DOI: 10.5281/zenodo.3460268

Volume 4 - June 2015 (06)

Abstract

The issue of this paper is to assess the contribution of social responsibility on the development and increase of corporate financial performance. Our paper uses a sample of Tunisian companies from industrial and service sector to test the relationship social-financial performance using three steps representing the responsibility to employees, the environmental responsibility and responsibility to the community. The results have stipulated the existence of significant relationship. 

Keywords

Corporate finance, financial performance social responsibility.

References

  1. Hasan Fauzi, Kamil M.Idris (2009), the relationship of CSR and financial performance: new evidence from Indonesian companies, vol3, n°1.
  2. Igalens J. & Gond J.P., 2003, “La mesure de la performance sociale de l’entreprise : une analyse critique et empirique des données ARESE”, Revue de Gestion des Ressources Humaines, n° 50, p. 111-130.
  3. José Allouche, Isabelle Huault, Géraldine Schmidt, « responsabilité sociale des entreprises : la mesure détournée. »
  4. José Allouche, Patrice Laroche (2005), responsabilité sociale et performance financière des entreprises; une synthèse de la littérature. Colloque « responsabilité sociale des entreprises, réalité, mythe ou mystification ?
  5. Livre vert: promouvoir un cadre européen pour la responsabilité sociale des entreprises, publié par la commission européenne en 2001 .
  6. Maignan I. & Ralston D., 2002, “Corporate Social Responsibility in Europe and the U.S. : Insights from Businesses’ Selfpresentations”, Journal of International Business Studies, 3rd quarter, pp. 497-514.
  7. Maignan I. & Ferrel O.C., 2003, “Nature of Corporate Responsibilities.Perspectives from American, French, and German Consumers”, Journal of Business Research, 56, pp. 55-67.
  8. Margolis J.D. & Walsh J.P., 2003, “Misery loves companies: rethinking social initiatives by business”, Administrative Science Quaterly, Vol.48, p. 268-305.
  9. McWilliams A. & Siegel D., 2001, “Corporate social responsibility: a theory of the firm perspective”, Academy of Management Review, vol. 26, n°1, p. 117-127.
  10. Michael L.Barnett, Robert M.Salomon (2011): does it pay to be really good? Addressingthe shape of the relationship between social and financial performance.
  11. Moon, J., Crane, A. & Matten, D. (2005). Can Corporations be Citizens? Corporate Citizenship as a metaphor for Business Participation in Society. Business Ethics Quarterly, vol. 15, n° 3, 429-453.
  12. Orlitsky M. & Benjamin J.D., 2001, “Corporate Social Performance and Firm Risk: A meta-analytic Review”, Business & Society, Vol. 40, n°4, December, p. 369-396..
  13. Orlitsky M., Schmidt F.L. & Rynes S.L., 2003, “Corporate social and financial performance: a meta-analysis”, Organization Studies, vol. 24, n°3, p. 403-441.
  14. Preston L.E. et D.P. O’Bannon, 1997. “The Corporate Social-Finance Relationship. A typology and Analysis”, Business and Society, vol. 36, n°4, December, pp. 419-429.
  15. Saavedra, M. L. (2011). La Responsabilidad Social Empresarial y las finanzas, Cuadernos de Administración, 27 (46), 39-54.
  16. Tsoutsoura, M. (2004). Corporate social responsibility and financial performance, Working paper series of Berkley University, 1-21.
  17. Ulmman A., 1985, “Data in search of a theory: a critical examination of the relationship among social performance, social disclosure, and economic performance”, Academy of Management Review, Vol. 10, p. 540-577.
  18. Vance S.C., 1975, “Are Socially Responsible Corporations Good Investment Risks?”, Management Review, August, p.18-24.
  19. Vogel, D., The Market for Virtue, Washington D.C., Brookings Institution Press, 2006.
  20. Waddock S.A. &Graves S.B., 1997, “The Corporate Social Performance-Financial Performance Link”, Strategic Management Journal, Vol. 18, n°4, p. 303-319.
  21. Wood, D. J. (1991), Corporate Social Performance Revisited, Academy of Management Journal, 16, 691-718.
  22. Wu, ML.(2006).”Corporate Social Performance, Corporate Financial Performance, and Size: A MetaAnalysis”. Journal of American Academy of Business, (March), 8(1):163-171.

Cite this Article: