Released: V.10, N1

A. V. Gizatullin. Corporate Governance, Social Responsibility and Financial Performance

V.5, N1, 2007

The study provides empirical research on the relationship between corporate governance quality, corporate social policy and financial performance. The study results reveal U-linear interdependence between corporate social performance and corporate governance quality. The analysis shows as well, that joint influence of corporate social performance and corporate governance quality on firm financial performance is oppositely directed and has features of dynamic Pareto-equilibrium. The variants of theoretical explanation of the results are offered in the study.