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Corporate Social Responsibility and Financial Performance.

Academy of Management Journal · 1984 · Vol. 27(1) · pp. 42–56

Philip L. Cochran✉(Pennsylvania State University)Robert A. Wood(Pennsylvania State University)

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Abstract

The relationship between corporate social responsibility and financial performance is reexamined using a new methodology, improved technique, and industry-specific control groups. Average age of corporate assets is found to be highly correlated with social responsibility ranking. After controlling for this factor, there still is some correlation between corporate social responsibility andfinancial performance.

Corporate Social Responsibility Reporting Auditing, Earnings Management, Governance Financial Reporting and Valuation ResearchCorporate social responsibilityBusinessAccountingSocial responsibilityFinancePublic relationsPolitical science

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1,830

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11.18

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