Earn in return: A study on the profitability of implementing corporate social responsibility

• Main Authors: Pellosis, Owen L., Rojas, Katherine Grace P., Santos, Monica B., Tomelden, Marla Pauline R.
• Format: text
• Language: English
• Published: Animo Repository 2016
• Subjects: Social responsibility of business > Philippines; Banks and banking > Social aspects > Philippines; Finance and Financial Management
• Online Access: https://animorepository.dlsu.edu.ph/etd_bachelors/8914
• Institution: De La Salle University

Corporate social responsibility, as mandated by law requires businesses to behave ethically and to contribute to sustainable economic development by working with all relevant stakeholders to improve their lives in ways that are good for the business. Through time, companies tend to adapt the CSR to their organizations and try to improve it year by year. As of the present, there has been no literature studying the concrete or distinguished cause as to why CSR was welcomed and improved by companies. Many assumptions had been made but nothing was proven. Also, there has been no research that uses the same controlled variables used in this study. Using panel regression analysis, this paper aims to identify and investigate the effects of CSR to companies, in particular Philippine banks, and does it really affect its financial performance or if financial performance affects the CSR. This study hypothesizes that CSR of banks has an insignificant relationship to its profitability and the banks' profitability has an insignificant relationship with CSR.