标题：Modern Business Activities and Firms’ Performance: The Case of Corporate Social Responsibility, Evidence from the Greek Listed Firms in the Athens Stock Exchange
摘要：The motive for this research was an ongoing debate over whether firms’ mission is solely to make profits or should contribute to the social and environmental concerns that accompany the practice of Corporate Social Responsibility (CSR). More and more firms are reporting CSR activities either because due to the legislative framework or cause of the benefits derived from the engagement with sustainability goals. Corporate Social Responsibility constitutes an activity in the modern business environment and attracts the interest of the stakeholders. It is related to the firms’ activities for the protection of the environment and contributes to the society since firms offer resources in the society, take care of employees’ improvement, become respectful to their customers and co-operate with suppliers who are also oriented to the responsibility. Through this research, we investigate the relationship between CSR activities and Corporate Financial Performance (CFP) during 2016-2017 in Greece. Our sample consisted of companies, listed on the Athens Stock Exchange, during the years of capital controls implementation and before the end of the bailout memorandum with EU (in August 2018). We examine the effect of CSR disclosure on firms’ financial performance and also if the better financial performing firms tend to issue significantly more CSR reports. The results reveal that there is no significant correlation between CSR and Corporate financial performance though a high percentage of the sample discloses CSR activities.
关键词：Corporate Social Responsibility (CSR);Corporate Financial Performance (CFP);CSR Pillars
