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
Citations
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Journal ArticleDOI
An Examination of Business Students' Perception of Corporate Social Responsibilities Before and After Bankruptcies
TL;DR: In this paper, the authors examined the effect of high-profile corporate bankruptcies on perception of corporate social responsibility and found that students in general perceived social responsibility to be more important to profitability and longterm success of the firm and less important to short-term success after media publicity of corporate scandals.
Journal ArticleDOI
Theorising Transnational Corporations as Social Actors: An Analysis of Corporate Motivations
TL;DR: A notable exception is literature on the "business case" for corporate social responsibility, which argues that good social and environmental performance will positively affect a company's financial results as discussed by the authors. But the evidence on this link is mixed.
Journal ArticleDOI
Disclosed corporate responses to climate change and stock performance: An international empirical analysis
TL;DR: In this paper, the authors examined the relationship between disclosed corporate responses to climate change and stock performance on the European and US stock markets, and found that a trading strategy which consists of buying stocks of corporations disclosing responses and selling stocks with no disclosures has become more worthwhile over time in Europe.
Journal ArticleDOI
Environmental Respect: Ethics or Simply Business? A Study in the Small and Medium Enterprise (SME) Context
TL;DR: In this paper, the authors discuss the reasons for implementing environmentally friendly systems in the SME context and argue that a balance between market and interventionism seems to be necessary and that companies focus their activity on the "ethics of self-interest" concentrating their efforts on projecting an adequate image rather than fundamentally behaving in environmentally respectful ways.
Journal ArticleDOI
Do greenhouse gas emissions affect financial performance? – an empirical examination of Australian public firms.
Lei Wang,Steven Li,Simon S. Gao +2 more
TL;DR: In this article, the authors present the findings of a study on the relationship between greenhouse gas (GHG) emissions and the financial performance of Australian corporations using multiple regression models and data from a sample of 69 Australian public companies, finding a positive correlation between GHG emissions and corporate financial performance.
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.