Exploring Quantitatively Corporate Financial Performance and Social Performance Relationship with Net Impact Method
- Resource Type
- Conference
- Authors
- Turunen, J.T.; Makinen, S.J.; Kuperstein-Blasco, D.
- Source
- 2022 IEEE International Conference on Industrial Engineering and Engineering Management (IEEM) Industrial Engineering and Engineering Management (IEEM), 2022 IEEE International Conference on. :0620-0624 Dec, 2022
- Subject
- Aerospace
Communication, Networking and Broadcast Technologies
Components, Circuits, Devices and Systems
Computing and Processing
Engineering Profession
General Topics for Engineers
Nuclear Engineering
Power, Energy and Industry Applications
Robotics and Control Systems
Signal Processing and Analysis
Transportation
Engineering management
Industrial engineering
corporate social performance
CSP
corporate financial performance
CFP
Net impact method
- Language
Measuring impact of corporate actions on corporate social performance (CSP) is traditionally recognized to be notoriously difficult. This manuscript reports results of a study using Net Impact Method to quantify CSP and approximates corporate financial performance (CFP). We report findings on the CFP-CSP relationship and consider temporal lags between CFP measures and CSP impacts. Our findings are mostly supporting existing research but contrary to earlier research we find non-linear dynamics between CFP and CSP measures on some accounts. Although we used a limited dataset, our findings shed additional light to the CFP-CSP relationship.