Izvorni znanstveni članak
https://doi.org/10.1080/1331677X.2023.2174152
The impact of corporate social responsibility on the financial performance of renewable energy firms
Luis René Vásquez-Ordóñez
Carlos Lassala
Klaus Ulrich
Samuel Ribeiro- Navarrete
Sažetak
Tackling environmental pollution and climate change is a global
challenge. Therefore, sustainability has become a hugely relevant
topic in recent years. In their decision making, investors increasingly
consider the non-financial performance of companies such
as their social and environmental impact. However, the business
research community has not yet reached a consensus regarding
the relationship between corporate social responsibility (CSR) and
corporate financial performance. This research contributes to the
discussion on this relationship. It does so by assessing the impact
of the individual dimensions of the environmental, social and
governance (ESG) score on the corporate financial performance of
renewable energy firms from a quantitative and qualitative perspective.
Fuzzy-set qualitative comparative analysis (fsQCA) reveals
complex and equifinal configurations that lead companies to
record high and low levels of Tobin’s Q. The results for a sample
of 96 energy companies from the Eikon database do not provide
strong enough evidence to affirm that the individual dimensions
of the ESG score have a decisive effect on the corporate financial
performance of renewable energy firms.
Ključne riječi
Corporate social responsibility; sustainability; financial performance; renewable energy; fsQCA
Hrčak ID:
306839
URI
Datum izdavanja:
30.4.2023.
Posjeta: 206 *