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Saurabh Mishra: The link between CSR and financial performance

Law firms that invest in corporate social responsibility can reduce ?their financial risk, Saurabh Mishra tells Manju Manglani

14 February 2014

There is a direct and measurable link between corporate social responsibility (CSR) initiatives and financial performance, according to Saurabh Mishra and Sachin Modi.

Their research found that an increase in a firm’s positive CSR will lead to a 20 per cent reduction in financial risk. By contrast, an increase in negative CSR will result in an 11 per cent increase in financial risk.1

Mishra, a professor at Desautels Faculty of Management, McGill University in Canada, outlines the implications of these findings for law firm leaders.

Why is the link between CSR and financial risk in firms relevant in 2014?

While the global economy is beginning to recover from the great recession, there remains significant uncertainty regarding its future trajectory. This uncertainty has implications for...

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