| Journal: | BAR - Brazilian Administration Review |
| Database: | |
| System number: | 000552949 |
| ISSN: | 1807-7692 |
| Authors: | Cavazotte, Flávia1 Chang, Nicolas Corteze1 |
| Institutions: | 1Pontificia Universidade Catolica do Rio de Janeiro, Rio de Janeiro. Brasil |
| Year: | 2016 |
| Volumen: | 13 |
| Number: | 4 |
| Country: | Brasil |
| Language: | Inglés |
| Document type: | Artículo |
| English abstract | Research on the relationship between social responsibility and the financial performance of companies has yielded ambivalent results. Since investments on different areas of social responsibility can promote distinct outcomes, in this study we focus on internal corporate social responsibility (I-CSR), that is, investments on employees. The objective of the study is to verify if outlays on I-CSR affect organizational performance. We analyzed financial information from companies listed in the São Paulo Stock Exchange, and their social balance sheets filled with the Brazilian Institute of Social and Economic Analysis between 2001 and 2007, applying Two-Stage Least Squares (2SLS) equation model to minimize endogeneity and reverse causality problems. The results indicate that overall I-CSR was associated with revenue contemporarily, one and two years after the investments. Corporate outlays on healthcare, pension plans, employee education and profit-sharing all had positive effects on revenue in the years that followed such investments. |
| Disciplines: | Administración y contaduría |
| Keyword: | Administración de instituciones |
| Keyword: | Corporate social responsibility, Internal social responsibility, Human capital, Financial performance, Organizational performance, Management of institutions |
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