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

Kód výsledku v 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>

Výsledek na webu

<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>

Jazyk výsledku

angličtina

Název v původním jazyce

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

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

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

Popis výsledku anglicky

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.

Druh

J_SC - Článek v periodiku v databázi SCOPUS

CEP obor

—

OECD FORD obor

50204 - Business and management

Projekt

<a href="/cs/project/GA16-19590S" target="_blank" >GA16-19590S: Analýza témat a sentimentu vícenásobných textových zdrojů pro finanční rozhodování podniků</a><br>

Návaznosti

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

Rok uplatnění

2019

Kód důvěrnosti údajů

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

Název periodika

Journal of International Studies

ISSN

2071-8330

e-ISSN

—

Svazek periodika

12

Číslo periodika v rámci svazku

1

Stát vydavatele periodika

PL - Polská republika

Počet stran výsledku

14

Strana od-do

269-282

Kód UT WoS článku

—

EID výsledku v databázi Scopus

2-s2.0-85064540379