Choi et al., (2010) studied the empirical relation of CSP and CFP using a sample of 1122 Korean firms surveyed during years 2002-2008. The study used both an equal weighted CSR index and a stakeholder-weighted CSR index suggested by Akpinar et al., (2008) while CFP was measured by ROE, ROA and Tobin’s Q. Results indicated positive and significant relation between CFP and the stakeholder-weighted CSR index, but not the equal-weighted CSR index.