What question did this study set out to answer?

To assess whether maintaining socially responsible practices impacts the financial performance of Spanish listed firms over both short- and long-term horizons.

September 13, 2017SustainabilityOpen Access

Financial Performance of Socially Responsible Firms: The Short- and Long-Term Impact

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To assess whether maintaining socially responsible practices impacts the financial performance of Spanish listed firms over both short- and long-term horizons.
Evaluated a sample of Spanish listed firms engaging in corporate social responsibility.
Conducted a comparative evaluation combining cross-sectional short-term analyses with dynamic longitudinal long-term analyses.
Socially responsible firms demonstrated significantly larger firm size and exhibited higher systematic risk compared to other firms in both short- and long-term evaluations.
Maintaining corporate social responsibility criteria did not lead to reduced stock profitability or inferior business financial results.

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Implication

Comparative analysis reveals sustained stock profitability and higher systematic risk in socially responsible Spanish listed firms, suggesting corporate responsibility preserves business value.

Cite This Study

Molina et al. (2017) studied this question.

synapsesocial.com/papers/6a82de4c23a6926b671e1af2 https://doi.org/10.3390/su9091622

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Implication

Comparative analysis reveals sustained stock profitability and higher systematic risk in socially responsible Spanish listed firms, suggesting corporate responsibility preserves business value.

Financial Performance of Socially Responsible Firms: The Short- and Long-Term Impact

Key Points

Discussion

Implication

Cite This Study

Financial Performance of Socially Responsible Firms: The Short- and Long-Term Impact

Key Points

Discussion

Implication

Cite This Study

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