Corporate social and financial performance: A canonical correlation analysis

Margaret L. Andersen, Lori Olsen

Research output: Contribution to journalArticlepeer-review

7 Scopus citations

Abstract

A major stream of research has resulted from efforts to understand the relationship between social performance and financial performance that exists for corporations. Can a company do well by doing good? Using canonical correlation, the results of this study indicate a strong relationship between a company's social performance and its financial performance. Further, this association differs across industries. In examining social performance, both strengths and concerns are important and should be considered separately. Finally, this study points to the importance of operating income as a key financial performance measure.

Original languageEnglish
Pages (from-to)17-38
Number of pages22
JournalAcademy of Accounting and Financial Studies Journal
Volume15
Issue number2
StatePublished - 2011

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