Title

Does Size Matter? Corporate Social Responsibility and Firm Performance in the Restaurant Industry

Keywords

Corporate social responsibility; Firm size; Moderating effect; Restaurant industry

Abstract

Despite an increasing number of hospitality studies on the link between corporate social responsibility (CSR) and corporate financial performance (CFP), the literature has predominantly focused on the CSR–CFP relation without considering moderating factors. Consequently, the current study introduces firm size as a potential moderator on the CSR–CFP relationship. Performing a two-way fixed-effects model by firm and year with Newey-West standard errors, this study finds that firm size moderates the effect of positive CSR on CFP while it does not moderate the effect of negative CSR on CFP in the U.S. restaurant context.

Publication Date

9-22-2015

Original Citation

Hyewon Youna, Nan Huab, Seoki Leec, (2015) "Does size matter? Corporate social responsibility and firm performance in the restaurant industry." International Journal of Hospitality Management, 51, 127-134.

Number of Pages

127-134

Document Type

Paper

Language

English

Source Title

International Journal of Hospitality Management

Volume

51

College

Rosen College of Hospitality Management

Location

Rosen College of Hospitality Management

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http://dx.doi.org/10.1016/j.ijhm.2015.09.008

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