CSR perception and financial performance: Evidences from Italian and UK asset management companies
- Resource Type
- Authors
- Mauro Sciarelli; Lorenzo Turriziani; Mario Tani; Giovanni Catello Landi
- Source
- Corporate Social Responsibility and Environmental Management. 27:841-851
- Subject
- Strategy and Management
Management, Monitoring, Policy and Law
Development
socially responsible investment
0603 philosophy, ethics and religion
financial performance
0502 economics and business
Social media
Asset management
Product (category theory)
Marketing
Financial services
social performance
corporate social responsibility
business.industry
05 social sciences
06 humanities and the arts
ethics in finance
Work (electrical)
Corporate social responsibility
The Internet
060301 applied ethics
Business ethics
social voluntary disclosure
business
050203 business & management
- Language
- ISSN
- 1535-3966
1535-3958
This work fits into a stream of research dealing with the role of the Internet and social networks as effective disclosure tools. We argue that the asset management company's (AMC) self‐presentation, its product disclosure, and how it communicates in the social media can be positively associated to its performance. In this paper we have studied these relationships on 21 Italian and UK AMCs in the EUROSIF Panel by adopting an experimental study asking business ethics course university students to evaluate the AMCs' ethical commitment. Our research shows that a high corporate social performance (CSP) disclosure through Web and social media is positively associated to AMCs' economic performance. Even a high perceived coherency between AMCs' self‐presentation and ethical financial product communication can enhance AMCs' financial success. In reverse, a high perceived coherency between financial products and corporate social responsibility communication through Web and social media networks does not seem to improve AMCs' economic performance.