Back to Search
Start Over
Responsabilidade Social Corporativa e Desempenho Financeiro das Empresas Brasileiras na Crise de 2008.
- Source :
-
RAC: Revista de Administração Contemporânea . mar/abr2015, Vol. 19 Issue 2, p232-248. 17p. - Publication Year :
- 2015
-
Abstract
- Literature on Corporate Social Responsibility points out some long-term benefits. However, the literature doesn't say much on its potential short-term benefits, such as how socially responsible firms react in a Financial-Economic Crisis, a well-known short-term phenomenon. This paper aims to analyze the relationship between Corporate Social Responsibility and firms' financial performance under a crisis scenario. Using a difference-in-difference regression model with panel data and companies listed on the Brazilian stock exchange (ISE-BOVESPA) as a proxy for Brazilian firms that implement Corporate Social Responsibility, we find that during the 2008 crisis, socially responsible firms didn't have significant differences in financial performance compared to non-ISE firms. Such results are not aligned with theories that argue in favor of Corporate Social Responsibility in order to boost financial performance. [ABSTRACT FROM AUTHOR]
Details
- Language :
- Portuguese
- ISSN :
- 14156555
- Volume :
- 19
- Issue :
- 2
- Database :
- Academic Search Index
- Journal :
- RAC: Revista de Administração Contemporânea
- Publication Type :
- Academic Journal
- Accession number :
- 101405830
- Full Text :
- https://doi.org/10.1590/1982-7849rac20151873