Financial analysis has revealed that socially responsible firms are unlikely to thrive and survive in the long term.

Question

Quizplus · Accepted Answer

This statement is false. In fact, many studies have shown that socially responsible firms often have better financial performance and are more likely to thrive and survive in the long term. This is because they are able to attract and retain customers who value ethical and sustainable business practices, which can lead to increased sales and brand loyalty. Additionally, socially responsible firms may also benefit from cost savings and improved efficiency through better resource management and employee engagement.

Financial Analysis Has Revealed That Socially Responsible Firms Are Unlikely