Is there a virtuous cycle between corporate social responsibility (CSR) and corporate financial performance (CFP)?...

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Finance

Is there a virtuous cycle between corporate social responsibility (CSR) and corporate financial performance (CFP)?
No, CSR leads to CFP and not the other way around
No, CFP leads to CSR and not the other way around
Yes, both the "green is gold" and "slack resources" models explain the relationship to some degree
No, there is no association at all between CSR and CFP
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