The link between corporate social and financial performance: Evidence from the banking industry

被引:423
|
作者
Simpson, WG [1 ]
Kohers, T
机构
[1] Oklahoma State Univ, Coll Business Adm, Dept Finance, Stillwater, OK 74078 USA
[2] Mississippi State Univ, Coll Business & Ind, Dept Finance & Econ, Mississippi State, MS USA
关键词
Community Reinvestment Act Rating; financial performance; social performance;
D O I
10.1023/A:1013082525900
中图分类号
F [经济];
学科分类号
02 ;
摘要
The purpose of this investigation is to extend earlier research on the relationship between corporate social and financial performance. The unique contribution of the study is the empirical analysis of a sample of companies from the banking industry and the use of Community Reinvestment Act ratings as a social performance measure. The empirical analysis solidly supports the hypothesis that the link between social and financial performance is positive.
引用
收藏
页码:97 / 109
页数:13
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