Akademik Veri Yönetim Sistemi
Akademik Araştırmalar ve Çalışmalar Dergisi, cilt.17, sa.32, ss.378-389, 2025 (TRDizin)
Purpose: This study examines the relationship between corporate social responsibility performance and financial performance of healthcare institutions using an international sample.
Design/Methodology: This study utilises various alternative representations of corporate social responsibility performance and methodologies for organisations, including Ordinary Least Squares, Weighted Least Squares, Country and Institution Fixed Effects Models. The sample of the study consists of 1514 firm-year observations of firms from 21 countries and the relevant data were obtained from the Refinitiv database.
Findings: The study confirms that the relationship between organisations' corporate social responsibility performance and financial performance is significant in the healthcare sector. In other words, this study provides evidence that organisations' corporate social responsibility performance has a positive and statistically significant effect on financial performance.
Limitations: The fact that the sample consists of healthcare institutions that are covered by the data provider and the sample period only covers the years in which the institutions have required data are the limitations of the study.
Originality/Value: The originality of this study lies in the fact that it examines the relationship between corporate social responsibility and financial performance, which has been extensively researched in other sectors but limited in the context of healthcare institutions and provides evidence that corporate social responsibility issues are important to the profitability and survival of healthcare institutions.
Keywords: Social Performance, Corporate Social Responsibility, Financial Performance, Healthcare Institutions.