Empirical Analysis of the Relation Between Expenditures on Employees’ Advanced Training and Financial Performance of Russian Companies
| Autor: | A.B. Ankudinov, I.R. Badykova, Ye.S. Markhanova |
|---|---|
| Rok vydání: | 2018 |
| Předmět: |
HF5001-6182
PANEL DATA business.industry SOCIALLY RESPONSIBLE BEHAVIOUR Accounting Sample (statistics) Fixed effects model Empirical research HG1-9999 Opportunism Corporate social responsibility RUSSIAN COMPANY FINANCIAL EFFICIENCY Business EMPIRICAL ANALYSIS business Social responsibility Financial market efficiency CORPORATE SOCIAL RESPONSIBILITY Finance Panel data |
| Zdroj: | Управленец, Vol 9, Iss 4, Pp 74-83 (2018) |
| ISSN: | 2218-5003 |
| DOI: | 10.29141/2218-5003-2018-9-4-8 |
| Popis: | The study mainly aims to undertake empirical investigation of relation between social responsibility level as proxied by expenditures on employees’ advanced training and financial performance of the companies. The article provides a detailed review and systematization of empirical studies of the relationship between the policy of corporate social responsibility and the financial efficiency of companies. The methodological basis includes the theories of stakeholders and managerial opportunism, signaling theory, etc. Empirical analysis of balanced panel data using random effects and fixed effects models served as a methodological basis for the investigation. The sample comprises data covering the 2012–2015 period for 20 Russian publicly traded companies representing nonfinancial sectors of economy. Both models have failed to prove statistically significant relation between the chosen proxy variable of corporate social responsibility and financial performance indicators. |
| Databáze: | OpenAIRE |
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