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Corporate Social Practices and Firm Financial Performance: Empirical Evidence from France

Author

Listed:
  • Sonia Boukattaya

    (GEF-2A Lab, Institut Supérieur de Gestion de Tunis (ISG Tunis), Université de Tunis, Bardo 2000, Tunisia)

  • Abdelwahed Omri

    (GEF-2A Lab, Institut Supérieur de Gestion de Tunis (ISG Tunis), Université de Tunis, Bardo 2000, Tunisia)

Abstract

The present work aimed to examine the association between Corporate Social performance (CSP) and corporate financial performance (CFP) taking into account corporate social irresponsibility. Here, we used a sample of French non-financial firms listed on SBF 120 between 2011 and 2016. Our findings provided evidence that corporate social responsibility (CSR) and corporate social irresponsibility (CSI) exert opposite effects on the CFP. Using an estimation of the vector autoregressive (VAR) model for panel data, we showed that the CSI has a greater and more lasting impact on CFP than CSR.

Suggested Citation

  • Sonia Boukattaya & Abdelwahed Omri, 2021. "Corporate Social Practices and Firm Financial Performance: Empirical Evidence from France," IJFS, MDPI, vol. 9(4), pages 1-17, September.
    • Handle: RePEc:gam:jijfss:v:9:y:2021:i:4:p:54-:d:645245
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    References listed on IDEAS

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    1. Michael R. M. Abrigo & Inessa Love, 2016. "Estimation of panel vector autoregression in Stata," Stata Journal, StataCorp LP, vol. 16(3), pages 778-804, September.
    2. David Roodman, 2009. "How to do xtabond2: An introduction to difference and system GMM in Stata," Stata Journal, StataCorp LP, vol. 9(1), pages 86-136, March.
    3. Ahmadi, Ali & Nakaa, Nejia & Bouri, Abdelfettah, 2018. "Chief Executive Officer attributes, board structures, gender diversity and firm performance among French CAC 40 listed firms," Research in International Business and Finance, Elsevier, vol. 44(C), pages 218-226.
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    Cited by:

    1. Zhang, Cong & Mehmood, Rashid & Palma, Alessia & Wang, Zhen, 2024. "The impact of culture and religion on financing decisions: Moderating role of CSR," Research in International Business and Finance, Elsevier, vol. 70(PB).
    2. So Ra Park & Jae Young Jang, 2021. "The Impact of ESG Management on Investment Decision: Institutional Investors’ Perceptions of Country-Specific ESG Criteria," IJFS, MDPI, vol. 9(3), pages 1-27, September.
    3. Raluca ANDREEV & Mihaela TULVINSCHI & Anamaria-Geanina MACOVEI, 2022. "Analysis Of The Impact Of Social Performance On Financial Performance," European Journal of Accounting, Finance & Business, "Stefan cel Mare" University of Suceava, Romania - Faculty of Economics and Public Administration, West University of Timisoara, Romania - Faculty of Economics and Business Administration, vol. 10(2), pages 59-65, June.

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