摘要：The aim of this article is to study the impact that the economic crisis has on the Corporate Social Responsibility actions which Spanish listed companies are carrying out to test if they are really committed to its approach or not. To do so, we base our work on the Slack-Resources Hypothesis and Agency Theory which provide the theoretical framework to explain the different behaviours. The variation of the CSR actions and Financial Performance were analysed before and during the crisis in order to determine the situation of each company. The results show that the majority of Spanish listed companies have maintained or increased their social engagement even though their Financial Performance has decreased due to the crisis. Most of them have a Reference Shareholder.
