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Corporate responsibility: a tradition o f commitment
Finance & Accounting
Pages 15 (3765 words)
1 Below are the tables comparing the possibilities of the effects of Corporate Social Responsibility on the Corporate Financial Performance of UK companies. Fifteen (15) companies from each of two sectors, namely the pharmaceuticals and telecommunications are analysed to detect: (i) the positive link between CSR and CFP; (ii) the possibility of no apparent link between CSR and CFP; (iii) the negative link between CSR and CFP.
These activities are likely to encourage more patronage of Glaxo’s products; hence, leading to a better financial performance (GlaxoSmithKline, 2011) There are no direct statistical representations of how GlaxoSmithKline’s great Corporate Social Responsibility has actually affected its Corporate Financial Performance. However, the inference is that sticking to ethical conduct may have helped GlaxoSmithKline to gain positively from their CSR policies (GlaxoSmithKline, 2011) Apparently, there are no negative links between GlaxoSmithKline’s CSR policies and the company’s overall Corporate Financial Performance Merck & Co It is believed that highly organized and effective CSR will definitely produce a positive link with a company’s CFP (Carroll & Buchholtz, 2011). Merck operates transparently, monitors its corporate activities against the environment and involves in community building (Merck & Co, 2011) There are no statistical or documented evidence that there is no direct link with Merck & Co’s CSR and CFP There is no possibility of negative link between CSR and CFP for Merck & Co. ...
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