Changing trend of CSR activities in the European Automotive Industry

International audienc

Looking for spillovers effects between major companies in the CSR dimension and its incidence on the CSR-CSP relationship: An investigation upon 125 major european companies

International audienc

Is Listed Corporates Financial Performance Vulnerable? ROE Factors measurement Using DuPont Formula

International audienceIt’s been 10 years since the last financial crisis, and the rising in stock market price along with record dividends raises deep concerns about the sustainability of listed corporate financial performance. Has the narrow logic of shareholder value been compromising long term financial performance leading to a financial crisis? We question here the DuPont equation to track financial performance drivers over time for discussing about its vulnerability. A disaggregated five-steps DuPont equation is used to set up following drivers: operational profitability, asset turnover, leverage multiplier, interest and fiscal burden. We draw a statistical analysis of those drivers with a panel data of 43 international non-financial corporates from France, Germany, Hungary and Italy between 2012 and 2017. The results stress the role of fiscal burden, interest burden and operational profit as the main ROE driver. Leverage multiplier driver, consensually considered as more financially vulnerable, has played an astonishing negative role. The drop in asset turnover is however the more worried signal as this factor is the most sustainable

CSR Communication in Problematic Sectors –The Example of Hungarians Brewers

International audienc

Is Listed Corporate Financial Performance Vulnerable? ROE factors measurement using DuPont Formula

International audienc