Skip to Main content Skip to Navigation
Conference papers

Does It Pay to Be Socially Responsible for Construction Companies?

Abstract : Within the built environment, the Engineering and Construction (E&C) companies 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 performance. The analytical framework is built around the economic theory of private 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 controlling 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.
Complete list of metadata

Cited literature [15 references]  Display  Hide  Download
Contributor : Hal Ifip <>
Submitted on : Tuesday, November 13, 2018 - 2:31:18 PM
Last modification on : Wednesday, November 14, 2018 - 1:15:41 AM
Long-term archiving on: : Thursday, February 14, 2019 - 2:33:04 PM


Files produced by the author(s)


Distributed under a Creative Commons Attribution 4.0 International License



Anupam Nanda. Does It Pay to Be Socially Responsible for Construction Companies?. 18th International Conference on Informatics and Semiotics in Organisations (ICISO), Jul 2018, Reading, United Kingdom. pp.248-256, ⟨10.1007/978-3-319-94541-5_25⟩. ⟨hal-01920726⟩



Record views


Files downloads