Department Chair

Fred Floss, Ph.D., Chair and Professor of Economics

Date of Award

8-2018

Access Control

Open Access

Degree Name

Applied Economics, M.A.

Department

Economics and Finance Department

Advisor

Tae-Hee Jo, Ph.D., Associate Professor of Economics

Department Home page

http://economics.buffalostate.edu/

First Reader

Tae-Hee Jo, Ph.D., Associate Professor of Economics

Second Reader

Curtis Haynes, Jr., Ph.D., Associate Professor of Economics

Third Reader

Victor Kasper, Jr., Ph.D., Associate Professor of Economics

Abstract

This thesis explores the topic of corporate social responsibility (CSR) and the relationship between CSR and corporate profitability. This thesis includes a literature review which traces the history of CSR from 1920s through current theoretical positions. The thesis then examines the relationship between financial gain and CSR as defined by the sustainability parameters set by the Dow Jones Sustainability Index North America. Results from analysis performed show that corporations which practice CSR may benefit from increased stability compared to other index performance criteria, but improved financial performance as measured by stock price is inconclusive.

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