Is the relationship between CSR activities and financial performance of organizations a short term result? An answer with a panel data analysis

• Juan José García Santos ^[1] ; Osmar Hazael Zavaleta Vázquez ^[1]
  1. [1] Instituto Tecnológico y de Estudios Superiores de Monterrey

     Instituto Tecnológico y de Estudios Superiores de Monterrey

     México

     
• Localización: Contaduría y administración, ISSN 0186-1042, ISSN-e 2448-8410, Vol. 64, Nº. Extra 4, 2019 (Ejemplar dedicado a: Especial Gobierno Corporativo)
• Idioma: inglés
• DOI: 10.22201/fca.24488410e.2020.2035
• Títulos paralelos:
  • ¿Es la relación entre las actividades de responsabilidad social corporativa y el desempeño financiero de las organizaciones un resultado de corto plazo? Respuesta con un análisis de datos de panel
• Enlaces
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• Dialnet Métricas: 2 Citas
• Resumen
  • español

    Durante muchos años se ha realizado investigación sobre la rentabilidad de las actividades relacionadas con la Responsabilidad Social Corporativa, con resultados diferentes. Sin embargo, poco se sabe sobre si esta relación se conserva después de tiempo, sobre todo en las economías en desarrollo.

    El fin de este trabajo es evaluar si hay una relación entre las actividades de RSC y el desempeño financiero de las organizaciones, y si esta relación se conserva con el tiempo. Para lograr este objetivo, se emplearon diferentes modelos estadísticos para añadir solidez a los resultados. Algunos de los modelos estadísticos usados fueron pruebas univariantes y modelos de datos de panel.

    Nuestros resultados indican que hay una relación positiva entre actividades de RSC y el desempeño financiero de la compañía. Por las limitaciones en tiempo, no es posible sugerir que esta relación se mantiene en el largo plazo, sino sólo a corto y mediano plazos. Estos resultados podrían brindar fuerte evidencia que pudiera alentar a los administradores de compañías mexicanas a iniciar o incrementar las actividades de RSC.

  • English

    For many years, research on the profitability of activities related to Corporate Social Responsibility (CSR) has been conducted, where different results have been obtained. However, few is known about whether this relationship is maintained over time, especially in developing economies.

    The purpose of this paper is to evaluate if there is a relationship between CSR activities and the financial performance of organizations, and if this relationship is maintained over time. In order to accomplish this goal, different statistical models were employed to add robustness to the results Some of the statistical models employed were univariate tests and panel data models.

    Our results indicate that there is a positive relationship between CSR activities and the financial performance of the company. Due to the time restriction, it is not possible to suggest that this relationship is maintained in the long term, but only in the short and medium terms. These results could provide strong evidence that could foster managers of Mexican companies to initiate or increase CSR activities.

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