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International Journal of Economics & Management Sciences

.: Home > International Journal of Economics & Management Sciences > 2012 > Volume 2 Number 3 > Linda-Marie Emilsson ¹, Martina Classon ² and Krister Bredmar ³

CSR and the quest for profitability – using Economic Value Added to trace profitability

Linda-Marie Emilsson ¹, Martina Classon ² and Krister Bredmar ³
¹ School of Business and Economics, Linnaeus University, SE-391 82 Kalmar, Sweden ² School of Business and Economics, Linnaeus University, SE-391 82 Kalmar, Sweden 3 Corresponding Author, School of Business and Economics, Linnaeus University, SE-391 82 Kalmar, Sweden
Abstract :

Management scholars have for a long time disagreed on whether or not there is a correlation between Corporate Social Responsibility (CSR) and profitability. One of the reasons behind the disagreement is the complexity in measuring CSR. Some scholars however claim that Economic Value Added (EVA) is an indicator that can be used to measure the correlation between CSR and profitability. The goal of our study is to find out if there is any correlation between CSR and profitability. The empirical data consists of interviews with respondents from five companies and the calculation of the selected companies EVA-value from historical financial statements. The EVA shows a low positive correlation between profitability and CSR. But previous research and the practical examples from the selected companies show a strong positive correlation between CSR and profitability. 

Keywords :
CSR, EVA, profitability, management control

Date Deposited : 01 Jun 2016 20:35

Last Modified : 01 Jun 2016 20:35

Official URL: http://www.omicsonline.com/

Volume 2, Number 3, March 2012 , ISSN 2162-6359

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