Good Work is Good Business

Good Work is Good Business is the book version of the study on "The Relationship of Corporate Social Responsibility and Financial Performance Under Corporate Governance Aspects in Selected Southeast Asian Companies". It looked at the Corporate Social Responsibility and Financial Performance relationship among selected companies in the ASEAN countries of Indonesia, Malaysia, Philippines and Thailand during a 10-year period ending 2015. Financial performance was determined using ten financial ratios while CSR performance was determined using an author-created sustainability scoring based on the presence or absence of identified CSR reporting factors for the year. The relationship of CSR and Financial Performance was statistically determined together with variables namely company size and level of risk. This inquiry revealed mixed results that is consistent with previous studies following the theories described under the Stakeholder theory, the Shareholder theory and some aspects of New Corporate Governance. This study further suggests that regardless of financial situation, Southeast Asian companies are encouraged to perform well in the environment, social and governance standards.