The moderating role of stakeholder pressure in the relationship between CSR practices and financial performance in a globalizing world

摘要

Studies based on the role of context and stakeholder pressures on the relationship between CSR practices and financial performance are few and inconclusive. Aimed at contributing to filling this gap, the paper is based on data collected in 2013 from the sixth round of the International Manufacturing Strategy Survey (IMSS-VI). Hierarchical regression is used to investigate three hypotheses on the relationships between CSR practices, financial performance and the influence of context and stakeholder pressures. The results show that CSR practices affect financial performance positively, while stakeholder pressures moderate this relationship.