Open Access Senior Thesis
Bachelor of Arts
© 2014 Lauren Allen
With corporate social responsibility (CSR) becoming more important to stakeholders and thus firms, understanding the relationship between CSR and corporate financial performance (CFP) is becoming more and more important. Although there is much research examining the general CSR-CFP relationship, there is very little, if any, research that investigates the CSR-CFP association across industries. With a sample of 429 firms from the S&P 500, my study looks to see if this association differs between the consumer and nonconsumer sectors. Time-series regression analyses reveal that while the CSR-sales relationship is negative for both consumer and nonconsumer companies, the CSR-gross profit association is more positive for nonconsumer than consumer firms.
Allen, Lauren, "Corporate Social Responsibility and Financial Performance in the Consumer and Nonconsumer Sectors" (2014). CMC Senior Theses. 855.