The relationship between corporate social performance and corporate financial performance: Evidence from selected top 300 corporations in the Philippines for the year 2004

• Main Authors: Decal, Theresse Eurelle Q., Hicban, Karlo Cirilo C., Montano, Riza Mae R.
• Format: text
• Language: English
• Published: Animo Repository 2006
• Subjects: Social responsibility of business > Philippines; Corporations > Finance; Corporations > Philippines
• Online Access: https://animorepository.dlsu.edu.ph/etd_bachelors/17522
• Institution: De La Salle University

This paper studies the state of Corporate Social Responsibility (CSR) of selected firms i the top 300 corporations in the Philippines. Some of the selected companies were members of non-profit organizations focusing on corporate citizenship. Despite the lack of an available measurement in the country, a survey was adapted to benchmark the level of CSR and financial performance of the selected firms. The Available Funds Hypothesis was used to evaluate the relationship of CSR and CFP (Corporate Financial Performance). There is no significant relationship between CSP and CFP among firms across industries. However, certain characteristics surfaced when they were assessed according to the industry they belong to. Also, the use of different regressions was applied to determine other behaviors that can be drawn from examining the firms' CSP-CFP relationship from various standpoints, which produced some results that explain some of the CSP variables' relationship with CFP.