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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Ural State University of Economics
2018
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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 |
work_keys_str_mv |
AT ankudinovab empiricalanalysisoftherelationbetweenexpendituresonemployeesadvancedtrainingandfinancialperformanceofrussiancompanies AT badykovair empiricalanalysisoftherelationbetweenexpendituresonemployeesadvancedtrainingandfinancialperformanceofrussiancompanies AT markhanovayes empiricalanalysisoftherelationbetweenexpendituresonemployeesadvancedtrainingandfinancialperformanceofrussiancompanies |
_version_ |
1718400431266201600 |