Empirical Analysis of the Relation Between Expenditures on Employees’ Advanced Training and Financial Performance of Russian Companies

The study mainly aims to undertake empirical investigation of relation between social responsibility level as proxied by expenditures on employees’ advanced training and financial performance of the companies. The article provides a detailed review and systematization of empirical studies of the rel...

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Autores principales: Ankudinov A.B., Badykova I.R., Markhanova Ye.S.
Formato: article
Lenguaje:RU
Publicado: Ural State University of Economics 2018
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Acceso en línea:https://doaj.org/article/9abb79aad36642db9a795809cdbc3aeb
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spelling oai:doaj.org-article:9abb79aad36642db9a795809cdbc3aeb2021-12-02T05:21:31ZEmpirical Analysis of the Relation Between Expenditures on Employees’ Advanced Training and Financial Performance of Russian Companies10.29141/2218-5003-2018-9-4-82218-5003https://doaj.org/article/9abb79aad36642db9a795809cdbc3aeb2018-09-01T00:00:00Zhttp://upravlenets.usue.ru/images/74/8.pdfhttps://doaj.org/toc/2218-5003The study mainly aims to undertake empirical investigation of relation between social responsibility level as proxied by expenditures on employees’ advanced training and financial performance of the companies. The article provides a detailed review and systematization of empirical studies of the relationship between the policy of corporate social responsibility and the financial efficiency of companies. The methodological basis includes the theories of stakeholders and managerial opportunism, signaling theory, etc. Empirical analysis of balanced panel data using random effects and fixed effects models served as a methodological basis for the investigation. The sample comprises data covering the 2012–2015 period for 20 Russian publicly traded companies representing nonfinancial sectors of economy. Both models have failed to prove statistically significant relation between the chosen proxy variable of corporate social responsibility and financial performance indicators.Ankudinov A.B.Badykova I.R.Markhanova Ye.S.Ural State University of EconomicsarticleSOCIALLY RESPONSIBLE BEHAVIOURCORPORATE SOCIAL RESPONSIBILITYRUSSIAN COMPANYFINANCIAL EFFICIENCYEMPIRICAL ANALYSISPANEL DATABusinessHF5001-6182FinanceHG1-9999RUУправленец, Vol 9, Iss 4, Pp 74-83 (2018)
institution DOAJ
collection DOAJ
language RU
topic SOCIALLY RESPONSIBLE BEHAVIOUR
CORPORATE SOCIAL RESPONSIBILITY
RUSSIAN COMPANY
FINANCIAL EFFICIENCY
EMPIRICAL ANALYSIS
PANEL DATA
Business
HF5001-6182
Finance
HG1-9999
spellingShingle SOCIALLY RESPONSIBLE BEHAVIOUR
CORPORATE SOCIAL RESPONSIBILITY
RUSSIAN COMPANY
FINANCIAL EFFICIENCY
EMPIRICAL ANALYSIS
PANEL DATA
Business
HF5001-6182
Finance
HG1-9999
Ankudinov A.B.
Badykova I.R.
Markhanova Ye.S.
Empirical Analysis of the Relation Between Expenditures on Employees’ Advanced Training and Financial Performance of Russian Companies
description The study mainly aims to undertake empirical investigation of relation between social responsibility level as proxied by expenditures on employees’ advanced training and financial performance of the companies. The article provides a detailed review and systematization of empirical studies of the relationship between the policy of corporate social responsibility and the financial efficiency of companies. The methodological basis includes the theories of stakeholders and managerial opportunism, signaling theory, etc. Empirical analysis of balanced panel data using random effects and fixed effects models served as a methodological basis for the investigation. The sample comprises data covering the 2012–2015 period for 20 Russian publicly traded companies representing nonfinancial sectors of economy. Both models have failed to prove statistically significant relation between the chosen proxy variable of corporate social responsibility and financial performance indicators.
format article
author Ankudinov A.B.
Badykova I.R.
Markhanova Ye.S.
author_facet Ankudinov A.B.
Badykova I.R.
Markhanova Ye.S.
author_sort Ankudinov A.B.
title Empirical Analysis of the Relation Between Expenditures on Employees’ Advanced Training and Financial Performance of Russian Companies
title_short Empirical Analysis of the Relation Between Expenditures on Employees’ Advanced Training and Financial Performance of Russian Companies
title_full Empirical Analysis of the Relation Between Expenditures on Employees’ Advanced Training and Financial Performance of Russian Companies
title_fullStr Empirical Analysis of the Relation Between Expenditures on Employees’ Advanced Training and Financial Performance of Russian Companies
title_full_unstemmed Empirical Analysis of the Relation Between Expenditures on Employees’ Advanced Training and Financial Performance of Russian Companies
title_sort empirical analysis of the relation between expenditures on employees’ advanced training and financial performance of russian companies
publisher Ural State University of Economics
publishDate 2018
url https://doaj.org/article/9abb79aad36642db9a795809cdbc3aeb
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AT badykovair empiricalanalysisoftherelationbetweenexpendituresonemployeesadvancedtrainingandfinancialperformanceofrussiancompanies
AT markhanovayes empiricalanalysisoftherelationbetweenexpendituresonemployeesadvancedtrainingandfinancialperformanceofrussiancompanies
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