Resumo

CUELLAR HERNANDEZ, Ma. De Lourdes; MORALES RAMIREZ, Dionicio  e  ALVARADO LAGUNAS, Elías. Impact of Corporate Social Responsibility on financial performance: Evidence from Mexico. Anál. econ. [online]. 2023, vol.38, n.99, pp.101-117.  Epub 25-Set-2023. ISSN 2448-6655.  https://doi.org/10.24275/uam/azc/dcsh/ae/2023v38n99/cuellar.

The paper´s aim is to identify if Corporate Social Responsibility has an impact on the financial performance of non-financial companies listed on the Mexican Stock Exchange. For which, an index of corporate social responsibility is constructed using 12 indicators that include distinctives, certifications, adhesions, or actions of social responsibility in a sample of 101 companies for the period 2017 - 2019. The return on assets (ROA) and the return on equity (ROE) were the variables used to measure financial performance. The relationship between the variables was examined by means of a regression analysis with the panel corrected standard errors (PCSE) technique. The results were consistent with previous studies that indicate that there is a positive relationship between the variables. The foregoing is relevant for managers of Mexican companies since it provides evidence regarding the benefits of being a socially responsible company in an emerging country.

Palavras-chave : corporate social responsibility; financial performance; Mexican stock market; panel corrected standard errors.

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