Does social responsibility in a business contribute to its profits?

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…ecessary to maintain ethical investors. With improved social and environmental performances, manager implications were mainly considered to be improved loyalty from major stakeholders, which in turn increases turnover. For financial performance, it was established that social responsibility poses many practical implications for managers, especially as new accounting methods are becoming more prominent. Therefore, it has been found that social responsibility has become increasingly important in organisations because it increases the market value of the firm.