Determinants of Corporate Social Responsibility, Dynamic Capability and Financial Performance
Published: 2013
Author(s) Name: Rasoul Zali, Javad Sheydayaee |
Author(s) Affiliation: Department of Business and Management, University of Tehran, Iran
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Abstract
One of the main challenges for CEO is contradiction between the
benefits of the shareholders and other stakeholders. On one hand,
CEO should consider financial profits due to the shareholders;
on the other hand, CEO should account for corporate social
responsibility (CSR), concerning the needs and demands of
society according to the interests of the stakeholders. The main
question of this paper is whether corporate social responsibility
is consistent with financial performance or not. A path analysis
was conducted and the results indicated that CSR and dynamic
capability have positive and significant influences on the financial
performance. Furthermore, capital intensity, industry size, and firm
size have positive and significant effects on CSR and concentration
has a negative effect on corporate social responsibility. Moreover,
the number of the shareholders has no effect on corporate social
responsibility. One of the most complete procedures in MBA is the
procedure of Thomas. He supposed that each customer in firms
depends on CRM of the company.
Keywords: Corporate Social Responsibility, Determinants of Corporate Social Responsibility, Dynamic Capability, Financial Performance; Tehran Stock Exchange Market
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