Open Access"Financial performance of European companies involved in environmental activities of corporate social responsibility"
Author(s) -
Petru Ştefea,
Graţiela Georgiaoja,
Irina-Maria Grecu
Publication year - 2020
Publication title -
revista de studii financiare
Language(s) - English
Resource type - Journals
eISSN - 2559-1347
pISSN - 2537-3714
DOI - 10.55654/jfs.2021.5.9.04
Subject(s) - interdependence , structural equation modeling , corporate social responsibility , business , accounting , social responsibility , component (thermodynamics) , industrial organization , public relations , political science , sociology , social science , computer science , thermodynamics , machine learning , physics
"The purpose of this research is to determine the linkages and interdependencies between the financial performance of companies with an economic activity carried out in European countries and the specific dimensions of Corporate Social Responsibility (CSR), focusing on the environmental component. The research is based on network analysis which implies the configuration of Gaussian Graphical Models (GGMs) and Structural Equation Modelling (SEM). The research endeavour entails the economic determinants that lead to the involvement of companies in social responsibility activities and measures their influence on the financial results and the structure of the companies’ specific management strategies."