TY - JOUR
T1 - Corporate social and financial performance
T2 - A canonical correlation analysis
AU - Andersen, Margaret L.
AU - Olsen, Lori
PY - 2011
Y1 - 2011
N2 - 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.
AB - 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.
UR - http://www.scopus.com/inward/record.url?scp=80054872841&partnerID=8YFLogxK
M3 - Article
AN - SCOPUS:80054872841
VL - 15
SP - 17
EP - 38
JO - Academy of Accounting and Financial Studies Journal
JF - Academy of Accounting and Financial Studies Journal
SN - 1096-3685
IS - 2
ER -