Abstract:

Companies' responsibility for their conduct is now more important to society, particularly for investors and consumers. In addition to this accountability, firms are expected to take initiatives to develop their surroundings, whether through environmental or social measures in which they may make a difference. The main goal of this study is to understand if the firm's Financial Performance has an impact on the practices of Corporate Social Responsibility. A Probit model was applied to data from 195 companies located in the Eurozone, from the period between 2010 and 2019. The results suggest that Financial Performance does impact the involvement in practices of Corporate Social Responsibility.