Journal ArticleDOI
Corporate Social Responsibility: a Theory of the Firm Perspective
TLDR
In this article, the authors outline a supply and demand model of corporate social responsibility (CSR) and conclude that there is an "ideal" level of CSR, which managers can determine via cost-benefit analysis.Abstract:
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.read more
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Journal ArticleDOI
Public policy and corporate environmental behaviour: a broader view
TL;DR: In this article, a transition from environmental management to environmental strategy is discussed, and the authors find that there is plenty of scope in developing more complex models to explain a manager's rationale for adopting sustainable strategies in the backdrop of the policy regime, and conducting more empirical (both descriptive and quantitative) work to obtain clearer insights into managerial decisions.
Journal ArticleDOI
Post-innovation CSR Performance and Firm Value
TL;DR: In this paper, the authors find that more innovative firms demonstrate high corporate social responsibility (CSR) performance subsequent to a successful innovation, and these high-CSR innovative firms enjoy significantly higher valuation post-innovation.
Journal ArticleDOI
Corporate Social Performance: A Review of Empirical Research Examining the Corporation–Society Relationship Using Kinder, Lydenberg, Domini Social Ratings Data:
TL;DR: This paper reviewed empirical research of corporate social performance (CSP) using Kinder, Lydenberg, Domini (KLD) social ratings data through 2011 and synthesized 100 empirical studies, n...
Journal ArticleDOI
A Confucian Social Model of Political Appointments among Chinese Private-Firm Entrepreneurs
Xu-Hong Li,Xiaoya Liang +1 more
TL;DR: In China, many successful private-firm entrepreneurs hold representational appointments in political councils such as the People's Congress (PC) or People's Political Consultative Conference (PPCC).
Journal ArticleDOI
Commitment to Corporate social responsibility measured through global reporting initiative reporting: factors affecting the behavior of companies
TL;DR: In this article, the authors analyze companies' behavior towards Corporate social responsibility based on their disclosure practices and define four possible types of behavior: novice, cautions, chattering and leading, which are the result of the combination of two variables that measure the disclosure and credibility of corporate social responsibility information.
References
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Book ChapterDOI
Firm Resources and Sustained Competitive Advantage
TL;DR: In this article, the authors examined the link between firm resources and sustained competitive advantage and analyzed the potential of several firm resources for generating sustained competitive advantages, including value, rareness, imitability, and substitutability.
Journal ArticleDOI
Toward a Theory of Stakeholder Identification and Salience: Defining the Principle of who and What Really Counts
TL;DR: In this paper, a theory of stakeholder identification and saliency based on stakeholders possessing one or more of three relationship attributes (power, legitimacy, and urgency) is proposed, and a typology of stakeholders, propositions concerning their saliency to managers of the firm, and research and management implications.
Journal ArticleDOI
The Stakeholder Theory of the Corporation: Concepts, Evidence, and Implications
Thomas Donaldson,Lee E. Preston +1 more
TL;DR: In this article, the authors examine three aspects of the stakeholder theory and critique and integrate important contributions to the literature related to each, concluding that the three aspects are mutually supportive and that the normative base of the theory-which includes the modern theory of property rights-is fundamental.
Book ChapterDOI
The Social Responsibility of Business Is to Increase Its Profits
TL;DR: When I hear businessmen speak eloquently about the social responsibilities of business in a free-enterprise system, I am reminded of the wonderful line about the Frenchman who discovered at the age of 70 that he had been speaking prose all his life as mentioned in this paper.
Journal ArticleDOI
The corporate social performance-financial performance link
Sandra Waddock,Samuel B. Graves +1 more
TL;DR: In this article, the authors report the results of a rigorous study of the empirical linkages between financial and social performance, finding that corporate social performance (CSP) is positively associated with prior financial performance, supporting the theory that slack resource availability and CSP are positively related.