Date of Conferral
2021
Degree
Doctor of Business Administration (D.B.A.)
School
Management
Advisor
Peter Anthony
Abstract
Despite significant annual spending on corporate social responsibility (CSR) initiatives, automobile insurance company stakeholders are not aware if there is a relationship between CSR spending and earnings per share (EPS). Leaders of publicly traded automobile insurance companies will benefit from understanding if CSR affects EPS and value creation so they can plan CSR spending and stakeholder management strategies. Grounded in the theoretical framework of stakeholder management theory and signaling theory, the purpose of this quantitative ex-post facto study was to determine if there was a relationship between charitable donations, community development spending, environmental spending, and EPS. Data were collected from publicly published financial reports for seven publicly traded automobile insurance companies and analyzed using multiple regression. The results of the multiple linear regression were not significant, F(3, 29) = .067, p = 0.977, R² = 0.007. A key recommendation is for leaders to participate in CSR initiatives, when financially feasible, to show community and environmental responsibility. The implications for positive social change include the potential for leaders of publicly traded automobile insurance companies to empower ongoing discussions about the importance of continuously reviewing literature and studies to determine the benefits of CSR initiatives that could increase stakeholder confidence with the community and environmental support.
Recommended Citation
Winman, Alaina Josette, "Financial Impact of Social Responsibility on Publicly Traded Insurers" (2021). Walden Dissertations and Doctoral Studies. 9905.
https://scholarworks.waldenu.edu/dissertations/9905
