Financial Performance and Corporate Social Responsibility: Evidence from Mexican Stock Market Firms (2014–2024)

Unofficial AI-generated summary based on the public title and abstract. Not an official translation.

🔬研究者:Provides empirical evidence from Mexico using ML methods, contributing to CSR-financial performance literature.

🏢実務担当者:Suggests that ESG improvements may enhance profitability, supporting corporate sustainability strategies.

🏛政策担当者:Highlights the potential for ESG to drive financial performance, informing sustainable finance policies in emerging markets.

This study analyzes the relationship between corporate social responsibility (CSR), measured through ESG scores, and the financial performance of companies listed on the S&P/BMV Index of the Mexican Stock Exchange (BMV) during the period 2014 n–2024. Using a quantitative, longitudinal, and non-experimental approach, covariance models (ANCOVA), random forest algorithms, and probit models were applied to evaluate the influence of sustainable practices on key indicators such as ROA, ROE, EBITDA, liquidity, leverage, and volatility. The results reveal a positive and significant association between ESG and profitability indicators (ROA and ROE), while the rest of the indicators present heterogeneous effects. The random forest model confirms the predictive relevance of the ESG score, and the probit model indicates a higher probability of high financial performance among companies with better sustainable practices, although without robust statistical significance. reinforce the strength of the findings. These results, reinforced by cross-validation and robustness tests, confirm that CSR can be a competitive advantage, contributing to both the economic and social objectives of companies.

• semanticscholar https://revistas.up.edu.pe/index.php/business/article/download/2723/1919first seen 2026-07-18 08:19:54