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Prethodno priopćenje

https://doi.org/10.30924/mjcmi/2018.23.1.157

Relationship between corporate social responsibility and business success: Case of the global tobacco industry

Marcela Mišura ; University of Rijeka, Faculty of Economics, Rijeka, Croatia (PhD student)
Ljerka Cerović orcid id orcid.org/0000-0002-0492-7650 ; University of Rijeka, Faculty of Economics, Rijeka, Croatia
Vesna Buterin orcid id orcid.org/0000-0002-1090-6549 ; University of Rijeka, Faculty of Economics, Rijeka, Croatia


Puni tekst: engleski pdf 1.266 Kb

str. 157-171

preuzimanja: 2.017

citiraj


Sažetak

This study evaluates the relationship between corporate social responsibility (CSR) and the financial performance of companies operating within the global tobacco industry. According to the Forbes Global 2000 list, the research covers almost the entire industry, more accurately nine companies whose value is about 99% of the total market capitalization of the industry. Analysis of this research problem covered a five-year period, from 2011 to 2015. To evaluate CSR of the companies involved in research, the CSRHub rating list was used. An aforementioned list gives ratings for the four criteria of CSR: community, employees, environment, and governance. To assess the financial performance of the companies and to obtain representative results, two indicators were used: ROA, as a measure based on the accounting records of the company and Tobin’s Q ratio, as a measure of the market success of the company. The research results indicate that there is no statistically significant correlation between the CSR and the financial performance at the tobacco industry level, but statistically significant correlation can be confirmed only selectively at the level of individual companies and individual indicators.

Ključne riječi

corporate social responsibility, the tobacco industry, financial performance

Hrčak ID:

202644

URI

https://hrcak.srce.hr/202644

Posjeta: 3.612 *