As noted in , a reason why previous studies have not reached any real consensus could be methodological issues.
To overcome this issue, a methodological contribution is brought to research the factors affecting FP of the companies listed in the Spanish capital market using a fs QCA approach .
Given the dynamism and complexity of today’s business environment, it is very likely that corporate sustainability derived from the practice of its social responsibility will influence FP.
According to , the incorporation of sustainability criteria in the main strategies of companies can generate strategic benefits that contribute to value creation.
There are many investors who integrate sustainability performance data in their capital allocation decisions .
Social responsibility investments, in addition to financial profitability, pursue sustainability in the medium and long term and try to influence the real economy.
The extensive literature that has tried, over the last decades, to correlate corporate sustainability, measured through its social and environmental performance (CSP), to financial performance has not reached conclusive results.
The conflicting findings may be related to a multitude of factors .
The relationship between responsible behavior and socially sustainable behavior of companies and their financial performance (FP) has been a subject widely investigated and debated in recent years.
Corporate social responsibility (CSR) is the way in which companies contribute to sustainability, a broader concept involving all actors in a society.