RT Journal Article
T1 Does a Company’s Profitability Influence the Level of CSR Development?
A1 Otero González, Luis
A1 Durán Santomil, Pablo
A1 Rodríguez Gil, Luis Ignacio
A1 Lado Sestayo, Rubén
K1 Corporate social responsibility (CSR)
K1 Economic performance
K1 Sustainable development
K1 Small and medium enterprises (SME)
AB The objective of this paper is to analyze the effect of economic and financial performance on Corporate Social Responsibility (CSR). For this reason, we have used the data from a sample made up of 662 companies, 146 registered as medium-sized or large and 516 as small or micro, highlighting the significant weight of small companies in the sample. CSR has been measured using an indicator estimated from the data gathered by way of a questionnaire containing information related with the economic, environmental, and social dimensions. The analysis has been conducted by estimating panel regression models with robust errors. The results show a negative relationship between economic performance and more CSR activities implemented, supporting the Managerial Opportunism Hypothesis. Furthermore, large companies under the pressure of stakeholders are more prone to implementing certain CSR actions than small ones, meaning that a minimum size is essential according to this research
PB MDPI
YR 2021
FD 2021
LK https://hdl.handle.net/10347/40371
UL https://hdl.handle.net/10347/40371
LA eng
NO Otero-González, L.; Durán-Santomil, P.; Rodríguez-Gil, L.-I.; Lado-Sestayo, R. Does a Company’s Profitability Influence the Level of CSR Development? Sustainability 2021, 13, 3304. https://doi.org/10.3390/su13063304
NO We acknowledge the funding of: (1) the Galician Regional Government [ED431C 2020/18] co-funded by the European Regional Development Fund (ERDF/FEDER) within the period 2020–2023 and (2) the Ministry of Science, Innovation and Universities (MCIU), the Spanish State Research Agency (AEI) and European Regional Development Fund (RTI2018-100702-B-I00 MCIU/AEI/FEDER, UE).
DS Minerva
RD 26 abr 2026