Journal
CORPORATE SOCIAL RESPONSIBILITY AND ENVIRONMENTAL MANAGEMENT
Volume 24, Issue 3, Pages 222-234Publisher
WILEY
DOI: 10.1002/csr.1403
Keywords
sustainable development; corporate social responsibility; strategic approach; Spanish listed companies; FTSE4Good IBEX
Categories
Ask authors/readers for more resources
Companies should be interested in implementing corporate social responsibility (CSR) practices not only for ethical reasons, but also for their potential profits. Considering the need to confirm this relationship more thoroughly, this research is based on the only stock market index in Spain which is an objective indicator of best business practices. The purpose of this study is to find out whether being listed in the FTSE4Good IBEX explains a different ulterior financial performance. To this end, the potential accounting and stock market differences between two groups of companies listed in the Spanish IBEX are analysed: those classified as responsible due to their inclusion in the responsible company index and those companies which, as they are not in it, do not receive this denomination. The study, conducted according to the CSR strategic approach, covers 2008-2013. Its outcomes confirm the presence of significant differences between the two groups. Copyright (c) 2017 John Wiley & Sons, Ltd and ERP Environment
Authors
I am an author on this paper
Click your name to claim this paper and add it to your profile.
Reviews
Recommended
No Data Available