Moderating Effects of Internationalization between Corporate Social Responsibility and Financial Performance: The Case of Construction Firms
Author(s): |
Meiyue Sang
Yuqing Zhang Kunhui Ye Weiyan Jiang |
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Medium: | journal article |
Language(s): | English |
Published in: | Buildings, 18 January 2022, n. 2, v. 12 |
Page(s): | 185 |
DOI: | 10.3390/buildings12020185 |
Abstract: |
The relationship between corporate social responsibility (CSR) and corporate financial performance (CFP) has been crucial in academia and business circles. Numerous construction firms have continued to internationalize construction business over time despite the influence of the COVID-19. The internationalization of construction business makes the CSR–CFP relationship more complicated than usual. Construction firms’ CSR fulfillment serves to engage in reliable relationships with stakeholders and consequently improve CFP. It can bring both benefits and costs to the firm, which suggests that the CSR–CFP relationship is non-linear. This study examines the impacts of CSR on the financial performance of construction firms. We took Chinese-listed construction companies as an example, and an inverted U-shaped curve relationship between CSR and CFP was eventually revealed. Further, the significant moderating role of the degree of corporate internationalization (DOI) in the CSR–CFP relationship is disclosed. The results show that matching a high DOI-high CSR and a low DOI-low CSR is more conducive to CFP promotion. Thus, this research makes contributions to the academic perception of the impacts of CSR and DOI on CFP and provides insights for CSR fulfillment in the international arena. |
Copyright: | © 2022 by the authors; licensee MDPI, Basel, Switzerland. |
License: | This creative work has been published under the Creative Commons Attribution 4.0 International (CC-BY 4.0) license which allows copying, and redistribution as well as adaptation of the original work provided appropriate credit is given to the original author and the conditions of the license are met. |
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data sheet - Reference-ID
10657771 - Published on:
17/02/2022 - Last updated on:
01/06/2022