According to the concept of a virtuous cycle, corporate social performance and financial performance enhance each other.

Question

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The virtuous cycle suggests that when a company focuses on corporate social responsibility, it can lead to improved financial performance. Similarly, improved financial performance can then allow the company to invest more in corporate social responsibility, leading to a cycle of positive reinforcement for both. Thus, corporate social performance and financial performance are interrelated in a virtuous cycle.

According to the Concept of a Virtuous Cycle, Corporate Social