The nexus between corporate social responsibility and corporate performance is of fundamental importance to understand if the former can be a sustainable strategy in the competitive race. In this paper we test this relationship on a sample of firms observed in a 13-year interval by focusing on a performance indicator (productive efficiency) seldom explored in this literature with a novel approach (latent class stochastic frontiers). Our empirical findings show that firms included in the Domini 400 index (a CSR stock market index) do not appear to be more distant from the production frontier than firms in the control sample after controlling for the heterogeneity of production structure.

Becchetti, L., & Trovato, G. (2011). Corporate social responsibility and firm efficiency: a stochastic frontier analysis. JOURNAL OF PRODUCTIVITY ANALYSIS, 36(3), 231-246 [10.1007/s11123-011-0207-5].

Corporate social responsibility and firm efficiency: a stochastic frontier analysis

BECCHETTI, LEONARDO;TROVATO, GIOVANNI
2011

Abstract

The nexus between corporate social responsibility and corporate performance is of fundamental importance to understand if the former can be a sustainable strategy in the competitive race. In this paper we test this relationship on a sample of firms observed in a 13-year interval by focusing on a performance indicator (productive efficiency) seldom explored in this literature with a novel approach (latent class stochastic frontiers). Our empirical findings show that firms included in the Domini 400 index (a CSR stock market index) do not appear to be more distant from the production frontier than firms in the control sample after controlling for the heterogeneity of production structure.
Pubblicato
Rilevanza internazionale
Articolo
Sì, ma tipo non specificato
Settore SECS-P/01 - Economia Politica
eng
Con Impact Factor ISI
Stochastic frontier; mixture models; corporate social responsibility
Becchetti, L., & Trovato, G. (2011). Corporate social responsibility and firm efficiency: a stochastic frontier analysis. JOURNAL OF PRODUCTIVITY ANALYSIS, 36(3), 231-246 [10.1007/s11123-011-0207-5].
Becchetti, L; Trovato, G
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Utilizza questo identificativo per citare o creare un link a questo documento: http://hdl.handle.net/2108/53356
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