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Corporate Social Responsibility and Financial Performance in the Healthcare Industry.

Record Type:	Language materials, manuscript : Monograph/item
Title/Author:	Corporate Social Responsibility and Financial Performance in the Healthcare Industry./
Author:	Allard, Hall M.
Description:	1 online resource (163 pages)
Notes:	Source: Dissertation Abstracts International, Volume: 79-05(E), Section: A.
Contained By:	Dissertation Abstracts International79-05A(E).
Subject:	Management. -
Online resource:	click for full text (PQDT)
ISBN:	9780355569889

Corporate Social Responsibility and Financial Performance in the Healthcare Industry.
Allard, Hall M.

Corporate Social Responsibility and Financial Performance in the Healthcare Industry. - 1 online resource (163 pages)

Source: Dissertation Abstracts International, Volume: 79-05(E), Section: A.

Thesis (Ph.D.)

Includes bibliographical references

A search of the literature revealed an unfilled space in research relating to Corporate Social Responsibility values and organizational performance outcomes in industries including accounting, finance, justice and law administration, and healthcare. Even though profitability has been considered as a key index of an organization's success, academics and practitioners suggest that other factors should be considered. A lack of Corporate Social Responsibility Return on Investment knowledge for investment decision-making within the healthcare industry, and a lack of consensus and mixed results of past studies about whether Corporate Social Responsibility investment produces a favorable Return on Investment drove the methodology of the proposed study. The purpose of the proposed quantitative non-experimental study was to explore Corporate Social Responsibility investment in healthcare relative to profitability, specifically (a) if a relationship exists between Corporate Social Responsibility investment and profit as measured by ROI as perceived by managers within healthcare organizations, (b) if healthcare organizations that engage in Corporate Social Responsibility investment behave unethically to incur profit, and (c) if financial performance of healthcare organizations differs based on Corporate Social Responsibility investment. The secondary dataset was taken from the Kinder, Lydenberg, and Domini's Stats database for Corporate Social Responsibility and COMPUSTAT for financial performance. Kinder, Lydenberg, and Domini's ranks companies based on 13 individual social performance criteria of which seven are regarded as crucial stakeholder characteristics (community, corporate governance, diversity, employee relations, environment, human rights, and product). Firms were scored for each characteristic based on their strengths and weaknesses. The quantitative non-experimental study included a sample of 48 from 119 healthcare organizations. 71 were rejected due to insufficient data. There was a meaningful relationship between CSR investment and profit as measured by ROI as perceived by managers within healthcare organizations, beta = .320, p = < .05. There was no meaningful relationship between organizational ethics and profit, which indicates healthcare organizations that engage in CSR investment do not behave unethically to incur profit. When compare healthcare organizations that invest in CSR to those that do not, it was found that financial performance of healthcare organizations differs based on CSR investment, t (46) = --2.295, p = .026.

Electronic reproduction.
Ann Arbor, Mich. :
ProQuest,
2018

Mode of access: World Wide Web

ISBN: 9780355569889Subjects--Topical Terms:

558618
Management.
Index Terms--Genre/Form:

554714
Electronic books.

Corporate Social Responsibility and Financial Performance in the Healthcare Industry.
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504 $a Includes bibliographical references
520 $a A search of the literature revealed an unfilled space in research relating to Corporate Social Responsibility values and organizational performance outcomes in industries including accounting, finance, justice and law administration, and healthcare. Even though profitability has been considered as a key index of an organization's success, academics and practitioners suggest that other factors should be considered. A lack of Corporate Social Responsibility Return on Investment knowledge for investment decision-making within the healthcare industry, and a lack of consensus and mixed results of past studies about whether Corporate Social Responsibility investment produces a favorable Return on Investment drove the methodology of the proposed study. The purpose of the proposed quantitative non-experimental study was to explore Corporate Social Responsibility investment in healthcare relative to profitability, specifically (a) if a relationship exists between Corporate Social Responsibility investment and profit as measured by ROI as perceived by managers within healthcare organizations, (b) if healthcare organizations that engage in Corporate Social Responsibility investment behave unethically to incur profit, and (c) if financial performance of healthcare organizations differs based on Corporate Social Responsibility investment. The secondary dataset was taken from the Kinder, Lydenberg, and Domini's Stats database for Corporate Social Responsibility and COMPUSTAT for financial performance. Kinder, Lydenberg, and Domini's ranks companies based on 13 individual social performance criteria of which seven are regarded as crucial stakeholder characteristics (community, corporate governance, diversity, employee relations, environment, human rights, and product). Firms were scored for each characteristic based on their strengths and weaknesses. The quantitative non-experimental study included a sample of 48 from 119 healthcare organizations. 71 were rejected due to insufficient data. There was a meaningful relationship between CSR investment and profit as measured by ROI as perceived by managers within healthcare organizations, beta = .320, p = < .05. There was no meaningful relationship between organizational ethics and profit, which indicates healthcare organizations that engage in CSR investment do not behave unethically to incur profit. When compare healthcare organizations that invest in CSR to those that do not, it was found that financial performance of healthcare organizations differs based on CSR investment, t (46) = --2.295, p = .026.
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