Abstracts
Abstract
This paper examines the influence of environmental corporate social responsibility (ECSR) on corporate financial performance (CFP) using data on French multinational banks from 2008 to 2011. Our results show that the relationship between ECSR and multinational bank CFP is positive and statistically significant. However, taking into account R&D activities allows an alternative perspective: the influence of ESCR on ROA decreases as banks’ R&D activities increase. Thus, ECSR most strongly influences CFP in low-R&D intensity multinational banks.
Keywords:
- Environmental corporate social responsibility,
- corporate financial performance,
- R&D activities,
- French multinational banks
Résumé
Ce papier examine l’influence de la responsabilité environnementale de l’entreprise (environmental corporate social responsibility (ECSR)) sur la performance financière de l’entreprise (corporate financial performance (CFP)) en utilisant des données sur les banques françaises multinationales entre 2008 et 2011. Nos résultats montrent que la relation entre l’ECSR et la CFP des banques multinationales est positive et statistiquement significative. Cependant, le prise en compte les activités de R&D montre une autre perspective : l’influence de l’ECSR sur le ROA diminue à mesure que les activités de R&D des banques augmentent. Ainsi, l’ECSR influence le plus fortement la CFP dans les banques multinationales à faible intensité de R&D.
Mots-clés :
- Responsabilité environnementale de l’entreprise,
- performance financière de l’entreprise,
- activités de R&D,
- banques multinationales françaises
Resumen
Este artículo analiza la influencia de la responsabilidad medioambiental de la empresa (environmental corporate social responsability (ECSR)) en el desempeño financiero corporativo (corporate financial performance (CFP)) utilizando datos sobre bancos multinacionales franceses entre 2008 y 2011. Nuestros resultados muestran que la relación entre la ECSR y el CFP de los bancos multinacionales es positiva y estadísticamente significativa. Sin embargo, teniendo en cuenta las actividades de I&D muestra otra perspectiva: la influencia de la ECSR en el ROA disminuye a medida que aumentan las actividades de I&D de los bancos. Por lo tanto, la ECSR influye más fuertemente el CFP en bancos multinacionales con baja intensidad de I&D.
Palabras clave:
- Responsabilidad medioambiental de la empresa,
- desempeño financiero corporativo,
- actividades de I&D,
- bancos multinacionales franceses
Appendices
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