Does corporate social responsibility pay?

Abstract

This literature review summarises the main strands of the debate around whether corporate social responsibility (CSR) has any impact on corporate financial performance (CFP). This subject area has been the source of academic and business debate for more than 40 years, especially since the level of CSR engagement of an organisation (whether profit-making or not) has been linked to benefits to its reputation and relationships with employees, suppliers, customers, government and its wider community.