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The Link Between Corporate Social and Financial Performance: Evidence from the Banking Industry |
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| Authors: | W. Gary Simpson Theodor Kohers |
| Affiliation: | (1) Department of Finance, College of Business Administration, Oklahoma State University, Stillwater, OK, 74078-0555, U.S.A.;(2) Department of Finance and Economics, College of Business and Industry, Mississippi State University, Mississippi State, MS, U.S.A. |
| Abstract: | The purpose of this investigation is to extend earlier research on the relationship between corporate social and financial performance. The unique contribution of the study is the empirical analysis of a sample of companies from the banking industry and the use of Community Reinvestment Act ratings as a social performance measure. The empirical analysis solidly supports the hypothesis that the link between social and financial performance is positive. |
| Keywords: | Community Reinvestment Act Rating financial performance social performance |
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