Does it pay to be socially responsible for construction companies?Nanda, A. (2018) Does it pay to be socially responsible for construction companies? In: ICISO 2018, 16th - 18th July 2018, Henley Business School, pp. 248-256, https://doi.org/10.1007/978-3-319-94541-5_25.
It is advisable to refer to the publisher's version if you intend to cite from this work. See Guidance on citing. To link to this item DOI: 10.1007/978-3-319-94541-5_25 Abstract/SummaryWithin the built environment, the Engineering and Construction (E&C) compa-nies are very natural resource-intensive in terms of their business operations. In this paper, we focus on publicly listed E&C companies and analyse the role of Corporate Social Responsibility (CSR) activities on their corporate financial per-formance. The analytical framework is built around the economic theory of pri-vate provision of public goods. A basic Capital Asset Pricing Model (CAPM) is used to empirically examine the testable hypothesis with a panel data comprising 17 major E&C companies with monthly data over 2000-13. The results indicate that CSR activities can influence financial performance significantly after control-ling for the firm size variable. We make use of several measures of CSR activities to test robustness. The broad results are robust to a range of alternative model specifications.
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