| Title | Corporate social responsibility and corporate governance and corporate financial performance: Bridging concepts for a more ethical business model |
|---|---|
| ID_Doc | 66231 |
| Authors | Zubeltzu-Jaka, E; Andicoechea-Arondo, L; Etxeberria, IA |
| Title | Corporate social responsibility and corporate governance and corporate financial performance: Bridging concepts for a more ethical business model |
| Year | 2018 |
| Published | Business Strategy And Development, 1, 3 |
| Abstract | Awareness on issues relating to business ethics in corporate social responsibility (CSR), good corporate governance (GCG), and environmental social governance (ESG) has significantly increased in the last decade in the academic and professional fields. As a consequence, a large number of theoretical and empirical studies, research and professional publications, and guidelines have been published. This trend toward academic scrutiny is a significant change to the traditional way of understanding corporate governance and has led to an increasing number and diversity of stakeholders to which the corporations must be held accountable.Traditionally, corporate governance has focused on "financial" aspects with the aim of improving the protection rights of corporate stakeholders whereas the CSR approach has been limited to the consideration of only economic, social, and environmental issues. However, there has, in the recent past, been a convergence of the four concepts that are increasingly frequently being jointly studied by academics and practitioners. A clear example of this convergence is the use of the ESG criteria in the assessment of sustainable investment portfolios.In this context, the aim of this paper is to present the current state of research on convergence themes (focusing on CSR and CG) in order to present the resulting framework as a basis for the subsequent analysis of the relationship between good governance practices, the CSR, and financial performance. Finally, the effectiveness of such practices and strategies will be assessed. |
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