Most theorizing on the relationship between corporate social/environmental performance (CSP) and corporate financial performance (CFP) assumes that the current evidence is too fractured or too variable to draw any generalizable conclusions. With this integrative, quantitative study, we intend to show that the mainstream claim that we have little generalizable knowledge about CSP and CFP is built on shaky grounds. Providing a methodologically more rigorous review than previous efforts, we conduct a meta-analysis of 52 studies (which represent the population of prior quantitative inquiry) yielding a total sample size of 33,878 observations. The meta-analytic findings suggest that corporate virtue in the form of social responsibility and, to a lesser extent, environmental responsibility is likely to pay off, although the operationalizations of CSP and CFP also moderate the positive association. For example, CSP appears to be more highly correlated with accounting-based measures of CFP than with market-based ...

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Corporate Social and Financial Performance: A Meta-Analysis

We outline a supply and demand model of corporate social responsibility (CSR). Based on this framework, we hypothesize that a firm's level of CSR will depend on its size, level of diversification, research and development, advertising, government sales, consumer income, labor market conditions, and stage in the industry life cycle. From these hypotheses, we conclude that there is an “ideal” level of CSR, which managers can determine via cost-benefit analysis, and that there is a neutral relationship between CSR and financial performance.

https://www.jstor.org/stable/pdf/259398.pdf

Corporate Social Responsibility: a Theory of the Firm Perspective

Companies are increasingly asked to provide innovative solutions to deep-seated problems of human misery, even as economic theory instructs managers to focus on maximizing their shareholders' wealt

Misery Loves Companies: Rethinking Social Initiatives by Business:

I offer an institutional theory of corporate social responsibility consisting of a series of propositions specifying the conditions under which corporations are likely to behave in socially responsible ways. I argue that the relationship between basic economic conditions and corporate behavior is mediated by several institutional conditions: public and private regulation, the presence of nongovernmental and other independent organizations that monitor corporate behavior, institutionalized norms regarding appropriate corporate behavior, associative behavior among corporations themselves, and organized dialogues among corporations and their stakeholders. Concerns about corporate social responsibility have grown significantly during the last two decades. Not only has the issue become commonplace in the business press and among business and political leaders (Buhr & Graf

http://laisumedu.org/DESIN_Ibarra/desin/imagenescampbell/tres-c.pdf

Why would corporations behave in socially responsible ways? an institutional theory of corporate social responsibility

The Corporate Social Responsibility (CSR) field presents not only a landscape of theories but also a proliferation of approaches, which are controversial, complex and unclear. This article tries to clarify the sit- uation, ''mapping the territory'' by classifying the main CSR theories and related approaches in four groups: (1) instrumental theories, in which the corporation is seen as only an instrument for wealth creation, and its social activities are only a means to achieve economic results; (2) political theories, which concern themselves with the power of corporations in society and a responsible use of this power in the political arena; (3) integrative theories, in which the corporation is focused on the satisfaction of social demands; and (4) ethical theories, based on ethical responsibilities of corporations to society. In practice, each CSR theory presents four dimensions related to profits, political performance, social demands and ethical values. The findings suggest the necessity to develop a new theory on the business and society relationship, which should integrate these four dimensions.

Corporate Social Responsibility Theories: Mapping the Territory

Ownership Change, Productivity, and Human Capital

We conjecture that the mobility of academic scientists increases the propensity of
such agents to engage in academic entrepreneurship. Our empirical analysis is based
on a survey of researchers at the Max Planck Society in Germany. We find that
mobile scientists are more likely to become nascent entrepreneurs. Thus, it appears
that citizenship and foreign-education are important determinants of the early stages
of academic entrepreneurship.

The internationalization of science and its influence on academic entrepreneurship

Gambling is one of the fastest growing service industries. Unfortunately, there have been no studies of total factor productivity (TFP) in this sector. The purpose of this paper is to fill this gap, based on an analysis of U.K. establishment-level data. These data are derived from the Annual Respondents Database (ARD) file, constructed by the U.K. Office for National Statistics, consisting of individual establishment records from the Annual Census of Production. The ARD file contains detailed data on output, materials, energy, employment, and numerous plant and firm characteristics and is quite similar to the U.S.-based Longitudinal Research Database (LRD). This information can be used to construct measures of TFP. We also construct estimates of labour productivity, since TFP is may be measured with error. We use these data to estimate labour and total factor productivity equations based on a stochastic frontier production function framework. The latter approach enables us to assess whether investment in information technology enhances relative productivity. Our preliminary results suggest that the production function models fit well, generating plausible elasticity estimates and indicating constant returns to scale. While investment in computers per se does not appear to have a productivity enhancing effect, gambling establishments that use Internet-based technology appear to be closer to the frontier.

Productivity Measurement in a Service Industry: Plant-Level Evidence from Gambling Establishments in the United Kingdom

I provide comments on these articles and then place them in the broader context of the burgeoning literatures on technological collaboration and corporate social responsibility. Copyright © 2008 Strategic Management Society.

https://www.onlinelibrary.wiley.com/doi/pdf/10.1002/sej.24

Comments on Entrepreneurial pursuits of self and collective interests and Strategic entrepreneurship, collaborative innovation, and wealth creation

We assess the benefits from transatlantic collaboration in technology policy for publicly‐funded R&D space projects such as Galileo, a proposed European radio‐navigation space project. An industrial organisation methodology is employed to model negative security spillovers of ‘unilateral’ space projects such as Galileo, or space‐based anti‐ballistic missile defence, on the public sector of the other region (the US vs. the European Union). The findings imply that transatlantic co‐ordination in technology policy is required to allow the respective space industries (in the US and the European Union) to exploit the benefits of cross‐border strategic research partnerships (SRPs). This coordination not only reduces the costs of the respective programmes, but also addresses security concerns.

Donald S. Siegel

Papers

Ownership Change, Productivity, and Human Capital

The internationalization of science and its influence on academic entrepreneurship

Productivity Measurement in a Service Industry: Plant-Level Evidence from Gambling Establishments in the United Kingdom

Comments on Entrepreneurial pursuits of self and collective interests and Strategic entrepreneurship, collaborative innovation, and wealth creation

The importance of co-ordination in national technology policy: Evidence from the Galileo project