Financial analysis has found that socially responsible firms are less likely to thrive and survive in the long term.

Question

Quizplus · Accepted Answer

This statement is false. Studies have shown that socially responsible firms can actually outperform their competitors in the long term, as they are more likely to attract and retain customers, employees, and investors who place value on social and environmental responsibility. Furthermore, incorporating sustainable practices can lead to cost savings and enhance a company's reputation, which can translate to financial benefits.

Financial Analysis Has Found That Socially Responsible Firms Are Less