Relationship between corporate social responsibility in corporate annual reports and financial performance of the US companies

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216275%3A25410%2F19%3A39915016" target="_blank" >RIV/00216275:25410/19:39915016 - isvavai.cz</a>

Result on the web

<a href="https://www.ceeol.com/search/article-detail?id=787149" target="_blank" >https://www.ceeol.com/search/article-detail?id=787149</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.14254/2071-8330.2019/12-1/18" target="_blank" >10.14254/2071-8330.2019/12-1/18</a>

Result language

angličtina

Original language name

Relationship between corporate social responsibility in corporate annual reports and financial performance of the US companies

Original language description

Achieving competitive advantage is becoming increasingly difficult in today&apos;s rapidly changing environment, and it is increasingly related to differentiation among competing companies. This concerns not only quality of products and economic results but also company’s visibility as such. One way to present a responsible approach to entrepreneurship is via corporate social responsibility (CSR) – presenting this not only to company owners but also to other stakeholders, especially external ones. Potential investors can also be approached in this way. The total of 1380 listed US companies have been assessed as part of this research in 2014, both in terms of selected financial indicators and information they have published concerning their CSR activities. The aim was to find out which areas of CSR are presented by companies in their annual reports and whether a greater incidence of CSR information correlates with the selected financial indicators, which include company’s market value and bankruptcy risk. For this purpose, a CSR dictionary was used. Four areas were evaluated: the environment, social community, human rights, and employee welfare. We demonstrate that companies with favorable financial performance show an emphasis on these areas. This finding has important implications for all stakeholders. © Foundation of International Studies, 2017.

Czech name

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Czech description

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Type

J_SC - Article in a specialist periodical, which is included in the SCOPUS database

CEP classification

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OECD FORD branch

50204 - Business and management

Project

<a href="/en/project/GA16-19590S" target="_blank" >GA16-19590S: Topic and sentiment analysis of multiple textual sources for corporate financial decision-making</a><br>

Continuities

P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)

Publication year

2019

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical

Journal of International Studies

ISSN

2071-8330

e-ISSN

—

Volume of the periodical

12

Issue of the periodical within the volume

1

Country of publishing house

PL - POLAND

Number of pages

14

Pages from-to

269-282

UT code for WoS article

—

EID of the result in the Scopus database

2-s2.0-85064540379