Profitability of socially responsible public listed companies in Poland
Profitability of socially responsible public listed companies in Poland

Summary/Abstract: The corporate social responsibility concept is popular not only in Western Europe or the USA; but also in Poland. The growing trend in popularity has been visible especially since 2009; when the socially responsible index called RESPECT was introduced on the Warsaw Stock Exchange. Particular attention in this paper was attached to the profitability of companies listed on the Warsaw Stock Exchange RESPECT Index and companies reporting corporate social responsibility activity. The aim of the article is to analyze the Polish listed companies with respect to a CSR strategy from the profitability perspective. The research method adopted in this study was a critical analysis of the literature and own research study of main profitability rates. The analysis focused on public listed companies which reported their CSR activities and/or were part of RESPECT index for at least one wave; which indicated that they have a CSR strategy and are experienced in CSR. Public listed companies with a CSR strategy were characterized by higher profitability especially in terms of return on sales in comparison not only to other large companies from the Warsaw Stock Exchange; but also all large Polish firms. In some years higher profitability from equity was noticed as well.

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