The Link Between Corporate Social and Financial Performance: Evidence from the Banking Industry

The purpose of this investigation is to extend earlier research on the relationship between corporate social and financial performance. The unique contribution of the study is the empirical analysis of a sample of companies from the banking industry and the use of Community Reinvestment Act ratings...

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Bibliographic Details
Authors: Simpson, W. Gary (Author) ; Kohers, Theodor (Author)
Format: Electronic Article
Language:English
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Published: Springer 2002
In: Journal of business ethics
Year: 2002, Volume: 35, Issue: 2, Pages: 97-109
Further subjects:B Social Performance
B Community Reinvestment Act Rating
B Financial Performance
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Description
Summary:The purpose of this investigation is to extend earlier research on the relationship between corporate social and financial performance. The unique contribution of the study is the empirical analysis of a sample of companies from the banking industry and the use of Community Reinvestment Act ratings as a social performance measure. The empirical analysis solidly supports the hypothesis that the link between social and financial performance is positive.
ISSN:1573-0697
Contains:Enthalten in: Journal of business ethics
Persistent identifiers:DOI: 10.1023/A:1013082525900