Title: Corporate social responsibility and financial performance

Authors: Abdelkbir Elouidani; Faiçal Zoubir

Addresses: Faculty of Economic Sciences of Agadir, Morocco BP 8658 Poste Dakhla Agadir, Morocco ' Faculty of Economic Sciences of Agadir, Morocco BP 8658 Poste Dakhla Agadir, Morocco

Abstract: This article will support on the econometrics of panel data to analyse the influence of corporate social responsibility (CSR) on the financial performance measured by several indicators. From a sample of 20 firms listed on the stock exchange of Casablanca between 2007 and 2010. Our research found a negative and significant impact of the CSR on financial performance. The negative influence is important in large companies, which means it is a mediating factor.

Keywords: corporate social responsibility; CSR; financial performance; panel data; unobservable heterogeneity; Morocco.

DOI: 10.1504/AJAAF.2015.071749

African Journal of Accounting, Auditing and Finance, 2015 Vol.4 No.1, pp.74 - 85

Received: 06 Apr 2015
Accepted: 06 Apr 2015
Published online: 17 Sep 2015 *

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