Corporate Social Responsibility and Financial Performance: Evidence from Public Companies Listed on the Mexican Stock Exchange

The research on how corporate social responsibility (CSR) affects the financial performance (FP) of companies is limited, especially in the case of Mexico. There is a lack of studies that measure the financial impact of socially responsible strategies in Mexican companies. This study introduces an innovative approach by proposing a hybrid model that combines three quantitative methodologies: principal component analysis (PCA), cluster analysis, and an ordered logit model. The goal is to assess the impact of sustainability practices on financial performance. The study considers financial data from the past decade for 91 companies listed on the Mexican Stock Exchange. The results indicate that CSR practices have a positive effect on FP. The proposed hybrid model serves as a valuable methodological tool for evaluating the impact on FP of Mexican public companies listed on the BMV and holding the ESR seal granted by CEMEFI (Mexican Center for Philanthropy). This approach will help monitor the evolution of FP through the adoption of various CSR-related practices. © The Author(s), under exclusive license to Springer Nature Switzerland AG 2026.