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Journal ArticleDOI

Corporate Social Performance Revisited

Donna J. Wood
- 01 Oct 1991 - 
- Vol. 16, Iss: 4, pp 691-718
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TLDR
In this article, the authors define corporate social performance (CSP) and reformulate the CSP model to build a coherent, integrative framework for business and society research, where principles of social responsibility are framed at the institutional, organizational, and individual levels; processes of social responsiveness are shown to be environmental assessment, stakeholder management, and issues management; and outcomes of CSP are posed as social impacts, programs, and policies.
Abstract
This article defines corporate social performance (CSP) and reformulates the CSP model to build a coherent, integrative framework for business and society research. Principles of social responsibility are framed at the institutional, organizational, and individual levels; processes of social responsiveness are shown to be environmental assessment, stakeholder management, and issues management; and outcomes of CSP are posed as social impacts, programs, and policies. Rethinking CSP in this manner points to vital research questions that have not yet been addressed.

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Corporate Social Responsibility, Public Policy, and NGO Activism in Europe and the United States: An Institutional‐Stakeholder Perspective

TL;DR: In this article, the authors study how differences in the institutional environments of Europe and the United States affect expectations about corporate social responsibility to society and how these differences are manifested in government policy, corporate strategy, and nongovernmental organization (NGO) activism towards specific issues involving the social responsibilities of corporations.
Journal ArticleDOI

The Worth of Values – A Literature Review on the Relation Between Corporate Social and Financial Performance

TL;DR: The results of the literature study performed here reveal that there is indeed clear empirical evidence for a positive correlation between corporate social and financial performance as mentioned in this paper. But, the answer to the question has apparently not been found yet, at least that is what many researchers state.
Journal ArticleDOI

Stakeholder Theory: Reviewing a Theory That Moves Us

TL;DR: In this paper, the authors reviewed the academic stakeholder theory literature as it developed between 1984 and 2007 and found five themes: (a) stakeholder definition and salience, (b) stake holder actions and responses, (c) firm actions and response, (d) firm performance, and (e) theory debates.
Journal ArticleDOI

An empirical investigation of the relationship between change in corporate social performance and financial performance: A stakeholder theory perspective

TL;DR: In this article, the authors investigated the relationship between corporate social performance (CSP) and corporate financial performance by examining how change in CSP is related to change in financial accounting measures.
Journal ArticleDOI

What drives corporate social performance? The role of nation-level institutions

TL;DR: In this paper, the authors investigate the impact of nation-level institutions on firms' corporate social performance (CSP) using a sample of firms from 42 countries spanning seven years, and construct an annual composite CSP index for each firm, based on social and environmental metrics.
References
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Book

Strategic Management: A Stakeholder Approach

TL;DR: The Stakeholder Approach: 1. Managing in turbulent times 2. The stakeholder concept and strategic management 3. Strategic Management Processes: 4. Setting strategic direction 5. Formulating strategies for stakeholders 6. Implementing and monitoring stakeholder strategies 7. Conflict at the board level 8. The functional disciplines of management 9. The role of the executive as mentioned in this paper.
Journal ArticleDOI

The Tragedy of the Commons

TL;DR: The tragedy of the commons as a food basket is averted by private property, or something formally like it as mentioned in this paper, which is why the commons, if justifiable at all, is justifiable only under conditions of low-population density.
Journal ArticleDOI

A Three-Dimensional Conceptual Model of Corporate Performance

TL;DR: In this article, a conceptual model that comprehensively describes essential aspects of corporate social performance is presented, and three aspects of the model address major questions of concern to academics and managers alike: What is included in corporate social responsibility? What are the social issues the organization must address? and what is the organization's philosophy or mode of social responsiveness?
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