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Corporate social responsibility (CSR) researchers focus on the performance of the firms indexed in their field, and they reach different conclusions. This paper analyses if there are differences in financial performance of companies considered as highly socially responsible (those that compose the Spanish sustainability index FTSE4Good IBEX) as well as other IBEX companies not included in that index. We theoretically examine the relationship between a Jinn responsible behaviour and its financial performance. We also make an empirical study to analyse this relationship. The results show that the differential aspects between both groups of companies are market risk variables and debts and size variables. [ABSTRACT FROM AUTHOR]

The pressure exerted by interest groups is one of the main reasons that have led organizations to introduce Environmental Management Systems. Research provides evidence on the existing relationship between Stakeholders' pressure and their influence on business environmental management. The aim of this paper is to analyze 142 Spanish business centers, holders of ISO 14000 and /or EMAS certificates, in order to empirically probe the relationship between different kind of stakeholders and environmental management. We found a significant and positive relationship between stakeholders and environmental management within organizations. Additionally, the analysis clarified the individual influence of stakeholders (normative, organizational and social) on different aspects of environmental management. According to our analysis, this influence varies depending on each type of stakeholder. [ABSTRACT FROM AUTHOR]