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
Copyright Status
Unknown
Copyright Date
2015
College
Rosen College of Hospitality Management
Location
Rosen College of Hospitality Management
STARS Citation
Youn, Hyewon; Hua, Nan; and Lee, Seoki, "Does Size Matter? Corporate Social Responsibility and Firm Performance in the Restaurant Industry" (2015). Faculty Scholarship and Creative Works. 281.
https://stars.library.ucf.edu/ucfscholar/281