CSR of portuguese companies listed on Euronext Lisbon : a multivariate analysis
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The purpose of this paper is to present a cluster analysis applied to group companies by their social performance and to compare the results. The results indicate that companies with better social performance are not the ones with better economic performance, and it suggests that the middle path might provide a good relation CSR Economic performance, as a basis to sustainable development. The results indicated that three clusters were
classified in CSR Low, CSR Medium and CSR High. According to the cross validated classification based on discriminant analysis, the results reveal that 94.7% of the cases were classified correctly.