150657 20251017144633.0 doi 10.1111/acfi.12912 sideral 131336 ART-2022-131336 eng Badía, Guillermo (orcid)0000-0003-2795-3728 Are investments in material corporate social responsibility issues a key driver of financial performance? 2022 Access copy available to the general public Unrestricted In this study, we address a lesser-studied aspect of corporate social respon-sibility (CSR): distinguishing between investments in material versus immate-rial CSR issues. The financial performance of stock portfolios formedaccording to material and general CSR issues is examined over the period2007 to 2018 in the European Union and the United States. We find thatmateriality is relevant to finding the best and worst firms both in terms of CSRand financial performance, more significantly in the EU than in the US market.However, general CSR scores, including material and immaterial issues, do notdiscriminate the best firms. info:eu-repo/grantAgreement/ES/DGA/17030G-5423-440030-11101 info:eu-repo/grantAgreement/ES/DGA/17030G-5423-440030-91101 info:eu-repo/semantics/openAccess by-nc-nd https://creativecommons.org/licenses/by-nc-nd/4.0/deed.es 2.6 2022 BUSINESS, FINANCE 57 / 111 = 0.514 2022 Q3 T2 0.742 2022 Economics, Econometrics and Finance (miscellaneous) 2022 Q1 Finance 2022 Q2 Accounting 2022 Q2 4.5 2022 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Gómez-Bezares, Fernando Ferruz, Luis Universidad de Zaragoza (orcid)0000-0002-3816-9747 4002 230 Universidad de Zaragoza Dpto. Contabilidad y Finanzas Área Economía Finan. y Contab. 62, 3 (2022), 3987-4011 Esc. acción Accounting and Finance 0810-5391 565267 http://zaguan.unizar.es/record/150657/files/texto_completo.pdf Versión publicada 1394932 http://zaguan.unizar.es/record/150657/files/texto_completo.jpg?subformat=icon icon Versión publicada oai:zaguan.unizar.es:150657 articulos driver 2025-10-17-14:27:43 ARTICLE