Are investments in material corporate social responsibility issues a key driver of financial performance?

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dc.contributor.authorBadía Fraile, Guillermo
dc.contributor.authorGómez-Bezares Pascual, Fernando
dc.contributor.authorFerruz Agudo, Luis
dc.date.accessioned2025-05-14T10:58:59Z
dc.date.available2025-05-14T10:58:59Z
dc.date.issued2022-01-29
dc.date.updated2025-05-14T10:58:59Z
dc.description.abstractIn this study, we address a lesser-studied aspect of corporate social responsibility (CSR): distinguishing between investments in material versus immaterial CSR issues. The financial performance of stock portfolios formed according to material and general CSR issues is examined over the period 2007 to 2018 in the European Union and the United States. We find that materiality is relevant to finding the best and worst firms both in terms of CSR and financial performance, more significantly in the EU than in the US market. However, general CSR scores, including material and immaterial issues, do not discriminate the best firmsen
dc.description.sponsorshipGovernment of Aragón (Spain) and the European Social Fund under grants G/17030/5423/440030/11101 and 17030/5423/440030/91101en
dc.identifier.citationBadía, G., Gómez-Bezares, F., & Ferruz, L. (2022). Are investments in material corporate social responsibility issues a key driver of financial performance? Accounting and Finance, 62(3), 3987-4011. https://doi.org/10.1111/ACFI.12912
dc.identifier.doi10.1111/ACFI.12912
dc.identifier.eissn1467-629X
dc.identifier.issn0810-5391
dc.identifier.urihttp://hdl.handle.net/20.500.14454/2754
dc.language.isoeng
dc.publisherJohn Wiley & Sons Australia, Ltd
dc.rights© 2022 The Authors
dc.subject.otherCorporate social responsibility
dc.subject.otherMaterial CSR issues
dc.subject.otherNon-financial information
dc.subject.otherPortfolio performance evaluation
dc.subject.otherSocially responsible investing
dc.titleAre investments in material corporate social responsibility issues a key driver of financial performance?en
dc.typejournal article
dcterms.accessRightsopen access
oaire.citation.endPage4011
oaire.citation.issue3
oaire.citation.startPage3987
oaire.citation.titleAccounting and Finance
oaire.citation.volume62
oaire.licenseConditionhttps://creativecommons.org/licenses/by-nc-nd/4.0/
oaire.versionVoR
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