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  • Thumbnail for Can Corporations Do Well and Do Good? An Analysis of Corporate Social Responsibility in the United States and Europe
    Can Corporations Do Well and Do Good? An Analysis of Corporate Social Responsibility in the United States and Europe by Lamis, David Alexander

    This paper investigates the impact of Corporate Social Responsibility (CSR) on Corporate Financial Performance (CFP) in the United States and Europe between 2008-2017. Analyzing the top firms from the Globe Reptrack 100, the biggest study on corporate reputation worldwide, the paper puts forward evidence supporting stakeholder theory as well as CSR’s impact on earnings on both continents. The paper measures financial performance using the natural log of Net Income and Corporate Social Responsibility using CSR Hub data. Its findings both agree with and contradict the predominant literature. It concurs with the literature in its support of Stakeholder Theory as CSR is shown to be a positive indicator of financial performance. It diverges from the literature in that American firms are more highly rewarded for CSR investment than their European counterparts.