Corporate Social Responsibility and Financial Performance.
Academy of Management JournalPublished 1 March 1984Open access
Philip L. Cochran, Robert A. Wood
Citations1,836
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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 and financial performance.
Keywords
Business, Management and Accounting
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