Analysis Global of The Effect of Corporate Social Responsibility On Financial Performance

Shalsa Billa Eka Putri; Farah Arda Wardani; Hwihanus Hwihanus

doi:10.47134/jeae.v1i4.361

Authors

Shalsa Billa Eka Putri Fakultas Ekonomi dan Bisnis Universitas 17 Agustus 1945 Surabaya
Farah Arda Wardani Fakultas Ekonomi dan Bisnis Universitas 17 Agustus 1945 Surabaya
Hwihanus Hwihanus Fakultas Ekonomi dan Bisnis Universitas 17 Agustus 1945 Surabaya

DOI:

https://doi.org/10.47134/jeae.v1i4.361

Keywords:

Corporate Social Responsibility, Financial Performance, Return on Assets, Return on Equity, Business Strategy, Social and Environmental Impact

Abstract

This study investigates the effect of CSR on corporate financial performance globally. Data is drawn from various countries to provide a broader picture. Meta analysis was used to collect data from various online sources mainly from Google Scholar. The research results from seven indexed international journals showed mixed findings. Some journals show a positive relationship between CSR and financial performance, while others highlight a negative impact, especially in the short term. Factors such as firm size, industry, and geographical location moderate the relationship. The discussion outlines the importance of CSR in a global context, relevant theories, and challenges in this research. In conclusion, firms are advised to integrate CSR in their various business strategies to improve financial performance, although it requires further research to confirm the causal relationship.

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