The purpose of this investigation is to extend earlier research on the relationship between corporate social and financial performance. The unique contribution of the study is the empirical analysis of a sample of companies from the banking industry and the use of Community Reinvestment Act ratings as a social performance measure. The empirical analysis solidly supports the hypothesis that the link between social and financial performance is positive.
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Simpson, W.G., Kohers, T. The Link Between Corporate Social and Financial Performance: Evidence from the Banking Industry. Journal of Business Ethics 35, 97–109 (2002). https://doi.org/10.1023/A:1013082525900