Further evidence on the association between corporate social responsibility and financial performance

The purpose of this paper is to examine the association between corporate social responsibility (CSR) and financial performance.

This paper performs an empirical test on the association between CSR and financial performance of a firm.

The regression analysis reveals a significant and positive association between CSR and financial performance. In addition, it finds that the age of long‐term assets is highly correlated with CSR.

This paper extends Cochran and Wood by using a larger and more recent sample to examine the association between CSR and financial performance of a firm. It contributes to the CSR literature.