As a commentary paper to the FRL Article Collection on the relationship between Corporate Social Responsibility (CSR) and Corporate Financial Performance (CFP), the present essay addresses and investigates in depth the heterogeneity of results from existing empirical studies. After an historical excursus on the CSP-CFP link, it emphasizes the need to pay attention to theoretical inaccuracies, endogeneity, sample-selection and aggregation bias as well as to the risk of overinterpretation. Finally, it provides researchers with a documented statement to avoid the theoretical, methodological and technical flaws that have jeopardized antecedent works and shares a range of rationalized, valuable and practicable solutions.

作为 FRL 文章集关于企业社会责任 (CSR) 与企业财务绩效 (CFP) 之间关系的评论论文，本文深入探讨了现有实证研究结果的异质性。在对 CSP-CFP 链接进行历史回顾之后，它强调需要注意理论不准确、内生性、样本选择和聚合偏差以及过度解释的风险。最后，它为研究人员提供了一份书面声明，以避免危及先前工作的理论、方法和技术缺陷，并分享一系列合理、有价值和可行的解决方案。