What We Know and Don't Know About Corporate Social Responsibility: A Review and Research Agenda

Little empirical work has been done on the effect of stakeholder management on corporate performance. In this study, we contributed to stakeholder theory development by (1) deriving two distinct stakeholder management models from extant research, (2) testing the descriptive accuracy of these models, and (3) including important variables from the strategy literature in the tested models. The results provide support for a strategic stakeholder management model but no support for an intrinsic stakeholder commitment model. Implications of these findings for management practice and future research are discussed.

Does Stakeholder Orientation Matter? The Relationship Between Stakeholder Management Models and Firm Financial Performance

This article extends earlier research concerning the relationship between corporate social performance and corporate financial performance, with particular emphasis on methodological inconsistencie...

The corporate social performance and corporate financial performance debate twenty-five years of incomparable research

This article extend earlier research concerning the relationship between corporate social performance and corporate financial performance, with particular emphasis on methodological inconsistencies. Research in this area is extended in three critical areas. First, it focuses on a particular industry, the chemical industry. Second, it use multiple sources of data -- two that are perceptually based (KLD Index and Fortune reputation survey), and two that are performance based (TRI database and corporate philanthropy) in order to triangulate toward assessing corporate social performance. Third, it use the five most commonly applied accounting measures in the corporate social performance and corporate financial performance (CSP/CFP) to assess corporate financial performance. The results indicate that the a priori use of measures may actually predetermine the CSP/CFP relationship outcome. Surprisingly, Fortune and KLD Indices very closely track one another, whereas TRI and corporate philanthropy differentiate between high and low social performers and do not correlate to the firm's financial performance.

The Corporate Social Performance and Corporate Financial Performance Debate: Twenty-Five Years of Incomparable Research

We examined the use of event studies in management research and found that there was inadequate attention paid to theoretical and research design issues. This lack of attention may lead to false in...

https://www.jstor.org/stable/pdfplus/257056.pdf

Event Studies In Management Research: Theoretical And Empirical Issues

The article presents information on a study which determined the reaction of the stock market to a public announcement that a corporation has been caught allegedly committing a crime. The author de...

Dan L. Worrel

Papers

The Impact of Announcements of Corporate Illegalities on Shareholder Returns