The impact of the level of corporate social responsibility on financial performance: Evidence from insurance firms in the Czech Republic

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F71226401%3A_____%2F21%3AN0100608" target="_blank" >RIV/71226401:_____/21:N0100608 - isvavai.cz</a>

Výsledek na webu

<a href="https://www.businessperspectives.org/index.php/journals/insurance-markets-and-companies/issue-377/the-impact-of-the-level-of-corporate-social-responsibility-on-financial-performance-evidence-from-insurance-firms-in-the-czech-republic" target="_blank" >https://www.businessperspectives.org/index.php/journals/insurance-markets-and-companies/issue-377/the-impact-of-the-level-of-corporate-social-responsibility-on-financial-performance-evidence-from-insurance-firms-in-the-czech-republic</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.21511/ins.12(1).2021.06" target="_blank" >10.21511/ins.12(1).2021.06</a>

Jazyk výsledku

angličtina

Název v původním jazyce

The impact of the level of corporate social responsibility on financial performance: Evidence from insurance firms in the Czech Republic

Popis výsledku v původním jazyce

The topic of Corporate Social Responsibility (CSR) has gained considerable popularity among researchers in recent decades in the Czech Republic. However, given this, no detailed study has been demonstrated on whether Czech insurance firms benefit from this. The paper uses an extensive content analysis method to investigate the impact of CSR on financial performance in 23 Czech insurance companies. These companies are included in the Czech Association of Insurance Companies, over the past years 2019 and 2020. Further, the GRI CSR Disclosure Index and correlation analysis are used. The results indicate a significant relationship between CSR disclosure and financial results. There is a linear positive relationship between CSR and ROE, and between CSR and ROA, even a significant one between CSR and ROE. The study suggests that insurance companies in the Czech Republic ought to make continuous efforts so that their CSR activities have a positive effect on their future development.

Název v anglickém jazyce

The impact of the level of corporate social responsibility on financial performance: Evidence from insurance firms in the Czech Republic

Popis výsledku anglicky

The topic of Corporate Social Responsibility (CSR) has gained considerable popularity among researchers in recent decades in the Czech Republic. However, given this, no detailed study has been demonstrated on whether Czech insurance firms benefit from this. The paper uses an extensive content analysis method to investigate the impact of CSR on financial performance in 23 Czech insurance companies. These companies are included in the Czech Association of Insurance Companies, over the past years 2019 and 2020. Further, the GRI CSR Disclosure Index and correlation analysis are used. The results indicate a significant relationship between CSR disclosure and financial results. There is a linear positive relationship between CSR and ROE, and between CSR and ROA, even a significant one between CSR and ROE. The study suggests that insurance companies in the Czech Republic ought to make continuous efforts so that their CSR activities have a positive effect on their future development.

Druh

J_SC - Článek v periodiku v databázi SCOPUS

CEP obor

—

OECD FORD obor

50204 - Business and management

Projekt

—

Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2021

Kód důvěrnosti údajů

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

Název periodika

Insurance Markets and Companies

ISSN

2616-3551

e-ISSN

2522-9591

Svazek periodika

12

Číslo periodika v rámci svazku

1

Stát vydavatele periodika

UA - Ukrajina

Počet stran výsledku

8

Strana od-do

64-71

Kód UT WoS článku

—

EID výsledku v databázi Scopus

2-s2.0-85123061658