Information Sharing Strategies in the Social Media Era: The Perspective of Financial Performance and CSR in the Food Industry

This paper aims to identify financial measures that are related to Corporate Social Responsibility (CSR) involvement activities. The study concerns the food industry, in which clients, as well as stakeholders, increasingly appreciate socially responsible companies, which could be a crucial factor fo...

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Bibliographic Details
Published inInformation (Basel) Vol. 11; no. 10; p. 463
Main Authors Mądra-Sawicka, Magdalena, Paliszkiewicz, Joanna
Format Journal Article
LanguageEnglish
Published Basel MDPI AG 01.10.2020
Subjects
Accounting
Annual reports
Consumers
CSR reporting
Earnings per share
Employees
Environmental impact
Financial performance
Food
food industry
Information sharing
Investments
Literature reviews
Profitability
Return on assets
Social networks
Social responsibility
Stakeholders
Stock exchanges
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Summary:This paper aims to identify financial measures that are related to Corporate Social Responsibility (CSR) involvement activities. The study concerns the food industry, in which clients, as well as stakeholders, increasingly appreciate socially responsible companies, which could be a crucial factor for future growth strategy. An analysis was made on a sample of 448 food companies from 50 countries in 2009–2020. As a financial measure for CSR assessment, we used profitability ratios, dividend payout ratio, price-to-earnings ratio and market capitalization. The results confirmed that CSR reporting was a crucial division that differentiated companies from the perspective of profitability, OE, market capitalization, and share price. The CSR practices that are realized and published in reports become an important signal for investors that the company has a good financial situation and is able to invest in CSR without reducing its performance.
ISSN:2078-2489
2078-2489
DOI:10.3390/info11100463