Does size matter? Corporate social responsibility and firm performance in the restaurant industry

Hyewon Youn, Nan Hua, Seoki Lee

Research output: Contribution to journalArticle

46 Scopus citations

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.

Original languageEnglish (US)
Pages (from-to)127-134
Number of pages8
JournalInternational Journal of Hospitality Management
Volume51
DOIs
StatePublished - Oct 1 2015

All Science Journal Classification (ASJC) codes

  • Tourism, Leisure and Hospitality Management
  • Strategy and Management

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