The impact of investment in corporate social responsibility on the companies’ financial performance

Autores

  • Oksana Okhrimenko Doctor of Economics, Professor, International Economics Department, National Technical University of Ukraine “Igor Sikorsky Kyiv Politechnic Institute”, Ukraine https://orcid.org/0000-0001-7361-3340
  • Vitalii Nahornyi Associate Professor, Department of Economics, National University of Life and Environmental Sciences of Ukraine, Ukraine https://orcid.org/0000-0001-5551-4779
  • Maryna Salun Doctor of Science in Economics, Associate Professor, Head, Entrepreneurship & Trade Department, Simon Kuznets Kharkiv National University of Economics, Ukraine https://orcid.org/0000-0002-1216-0648
  • Nataliia Spasiv Doctor of Science in Economics, Professor, Department of Financial Technologies and Banking Business, West Ukrainian National University, Ukraine https://orcid.org/0000-0003-0797-7220
  • Tetiana Ovcharenko Associate Professor, Department of Innovation and Investment Management, Taras Shevchenko National University, Ukraine https://orcid.org/0000-0002-0000-0671

DOI:

https://doi.org/10.20397/2177-6652/2025.v25i1.3115

Palavras-chave:

transparency, corporate social responsibility; , general reporting standard, investment, , socialisation of business.

Resumo

It is important to understand the impact of corporate social responsibility on investment decisions and raising ethical standards to encourage responsible business behaviour. The aim of this research is to study the relationship between corporate social responsibility and investment performance, assess its role in commercial financial indicators and compliance with legislation in various industries. The study employs the following methods: econometric analysis, the Baron and Kenny method, panel data regression, structural equation modelling (SEM). The results show that organisations that adhere to effective corporate social responsibility practices increase investment performance, improving financial performance and ethical behaviour. The study also emphasises the importance of stakeholder participation in CSR reporting, which ensures transparency and accountability. The academic novelty is the combination of different analysis methods to verify the relationships between CSR and financial performance. Further research prospects include studying the impact of CSR on the long-term sustainability of companies in different economic conditions.

Biografia do Autor

Oksana Okhrimenko, Doctor of Economics, Professor, International Economics Department, National Technical University of Ukraine “Igor Sikorsky Kyiv Politechnic Institute”, Ukraine

Doctor of Economics, Professor, International Economics Department, National Technical University of Ukraine “Igor Sikorsky Kyiv Politechnic Institute”, Ukraine

Vitalii Nahornyi, Associate Professor, Department of Economics, National University of Life and Environmental Sciences of Ukraine, Ukraine

Associate Professor, Department of Economics, National University of Life and Environmental Sciences of Ukraine, Ukraine

Maryna Salun, Doctor of Science in Economics, Associate Professor, Head, Entrepreneurship & Trade Department, Simon Kuznets Kharkiv National University of Economics, Ukraine

Doctor of Science in Economics, Associate Professor, Head, Entrepreneurship & Trade Department, Simon Kuznets Kharkiv National University of Economics, Ukraine

Nataliia Spasiv, Doctor of Science in Economics, Professor, Department of Financial Technologies and Banking Business, West Ukrainian National University, Ukraine

Doctor of Science in Economics, Professor, Department of Financial Technologies and Banking Business, West Ukrainian National University, Ukraine 

Tetiana Ovcharenko, Associate Professor, Department of Innovation and Investment Management, Taras Shevchenko National University, Ukraine

Associate Professor, Department of Innovation and Investment Management, Taras Shevchenko National University, Ukraine

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Publicado

2025-03-08

Como Citar

Okhrimenko, O., Nahornyi, V., Salun, M., Spasiv, N., & Ovcharenko, T. (2025). The impact of investment in corporate social responsibility on the companies’ financial performance. Revista Gestão & Tecnologia, 25(1), 186–206. https://doi.org/10.20397/2177-6652/2025.v25i1.3115

Edição

v. 25 n. 1 (2025)

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ARTIGO

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Copyright (c) 2025 Revista Gestão & Tecnologia

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