[ La responsabilité sociale des entreprises et la création de valeur : Un constat empirique ]
Volume 39, Issue 3, May 2023, Pages 1313–1327
Adil El Ibrahimi1 and Ahmed Lakssissar2
1 Université Mohammed V - Rabat, CIRPEC, Rabat, Morocco
2 Université Paul Cézanne - Aix-Marseille III, Faculté d'Economie Appliquée, Centre d'analyse économique, 13628 Aix-en-Provence Cedex 14, France
Original language: French
Copyright © 2023 ISSR Journals. This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
Corporate Social Responsibility is now a major challenge for the development and growth of companies. Environmental, social, societal and governance considerations have becomeparamount and therefore constitute sources of competitive advantage and value creation. This present work focuses on the impact of CSR on the overall performance of the company through the analysis of financial and extra-financial information by highlighting statistical techniques and data analysis. Thus, this research aims to explain, theoretically and empirically, the question of creation or destruction of value following the implementation of a CSR approach and to identify the sources of the changes observed. Our study provides major support to defenders of the implementation of suchapproach. Thus, our results affirm that the companies which achieve a significant CSR performance are mainly large companies, belonging to certain very specific sectors. Also, we find that the indicators relating to CSR are positively and significantly associated with the financial performance of companies. In other words, the commitment to a CSR approach improves the financial performance of the company as well as its overall performance.
Author Keywords: Corporate social responsibility, value creation, data analysis, corporate governance.
Volume 39, Issue 3, May 2023, Pages 1313–1327
Adil El Ibrahimi1 and Ahmed Lakssissar2
1 Université Mohammed V - Rabat, CIRPEC, Rabat, Morocco
2 Université Paul Cézanne - Aix-Marseille III, Faculté d'Economie Appliquée, Centre d'analyse économique, 13628 Aix-en-Provence Cedex 14, France
Original language: French
Copyright © 2023 ISSR Journals. This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
Abstract
Corporate Social Responsibility is now a major challenge for the development and growth of companies. Environmental, social, societal and governance considerations have becomeparamount and therefore constitute sources of competitive advantage and value creation. This present work focuses on the impact of CSR on the overall performance of the company through the analysis of financial and extra-financial information by highlighting statistical techniques and data analysis. Thus, this research aims to explain, theoretically and empirically, the question of creation or destruction of value following the implementation of a CSR approach and to identify the sources of the changes observed. Our study provides major support to defenders of the implementation of suchapproach. Thus, our results affirm that the companies which achieve a significant CSR performance are mainly large companies, belonging to certain very specific sectors. Also, we find that the indicators relating to CSR are positively and significantly associated with the financial performance of companies. In other words, the commitment to a CSR approach improves the financial performance of the company as well as its overall performance.
Author Keywords: Corporate social responsibility, value creation, data analysis, corporate governance.
Abstract: (french)
La Responsabilité Sociale des Entreprises constitue aujourd’hui un enjeu majeur pour le développement et la croissance des sociétés. Les considérations environnementales, sociales, sociétales et de gouvernance sont devenues primordiales et constituent de ce fait des sources d’avantage concurrentiel et de création de valeur. Ce présent travail s’intéresse à l’impact de la RSE sur la performance globale de l’entreprise grâce à l’analyse d’informations financières et extra-financières par la mise en exergue de techniques statistiques et d’analyse de données. Ainsi, cette recherche à l’ambition d’expliquer, théoriquement et empiriquement la question de création ou de destruction de valeur suite à la mise en place d’une démarche RSE et d’identifier les sources des changements constatés. Notre étude apporte un appui majeur aux partisans de la mise en œuvre d’une telle démarche. Ainsi, nos résultats affirment que les entreprises qui réalisent une importante performance RSE sont principalement les grandes entreprises, appartenant à certains secteurs bien précis. Aussi, nous constatons que les indicateurs relatifs à la RSE sont positivement et significativement associés à la performance financière des entreprises. Autrement dit, l’engagement dans une démarche RSE améliore la performance financière de l’entreprise ainsi que sa performance globale.
Author Keywords: Responsabilité sociale des entreprises, création de valeur, analyse des données, gouvernement d’entreprise. JEL Classification: M14, G30, C19, G39.
How to Cite this Article
Adil El Ibrahimi and Ahmed Lakssissar, “Corporate social responsibility and value creation : An empirical observation,” International Journal of Innovation and Applied Studies, vol. 39, no. 3, pp. 1313–1327, May 2023.
