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International Journal of Corporate Social Responsibility

Table 4 Paired t-test of mean % difference between CSA portfolio allocation vs. non-CSA control portfolio allocation by Republican or Democrat political affiliation

From: How Corporate Sociopolitical Activism (CSA) impacts portfolio allocations: an experiment

Firm Sector

CSA issue

Non-CSA issue (control)

CSA Mean %

Control Mean %

Democrat Mean Difference

(CSA – Control)a

Republican Mean Difference

(CSA – Control)a

Financial

LGBT %

Financial literacy program %

18.22

22.85

-1.75*

-7.77***

Healthcare

Planned Parenthood %

Mobile health clinic %

23.19

26.41

+1.06

-7.48***

Consumer Goods

Religious Freedom %

Food pantry program %

18.64

24.85

-8.88***

-1.89*

  1. aThe symbols ***, **, * denote significance at the 1, 5, and 10 % level, respectively.
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