FINANCIAL PERFORMANCE AND CORPORATE SOCIAL RESPONSIBILITY OF COMPANIES

Yıl 2021, Cilt: 14 Sayı: 1, 48 - 52, 31.12.2021

Teodora-valentina Lıca

https://doi.org/10.17261/Pressacademia.2021.1485

Öz

Purpose- This paper aims to show how corporate social responsibility has gained importance in the world of economic societies. Case study:
Romania. To this end, we will test the relationship between corporate social responsibility (CSR) and financial performance using the return
on assets indicator (ROA).
Methodology- The article will focus on the analysis of the policies and projects listed on the web pages of the active companies listed at the
Bucharest Stock Exchange (BVB) and that have been involved in corporate social responsibility activities during 2017, 2018 and 2019.
Findings- In our study a negative correlation coefficient was obtained (r = -0.19151) and we therefore have an inverse correlation, the two
correlated variables varying in the opposite direction (when one increases, the other decreases).
The value r = -0.19151 є [- 0.2; 0] and represents a very weak correlation, almost non-existent.
Conclusion- The present paper aimed to investigate the relationship between the financial performance of companies listed in Romania on
the stock exchange and the score obtained in the projects implemented by them in terms of corporate social responsibility.The very weak
correlation between the two indices may mean that we should investigate more in order to obtain data that provides us with important
information.

Anahtar Kelimeler

Corporate social responsibility, return on assets, financial performance

Kaynakça

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