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
More filters
Journal ArticleDOI
Components of CEO Transformational Leadership and Corporate Social Responsibility
TL;DR: This article used transformational leadership theory to explore the role of CEOs in determining the extent to which their firms engage in corporate social responsibility (CSR) using data from 56 US and Canadian firms.
Journal ArticleDOI
The Market for Virtue: The Potential and Limits of Corporate Social Responsibility
TL;DR: Vogel as mentioned in this paper argues that there is no business case that can be generalized to all firms per se, but there is a political case for broadening what we mean by that much-used term.
Journal ArticleDOI
Political Ideologies of CEOs: The Influence of Executives’ Values on Corporate Social Responsibility
TL;DR: This article examined the influence on organizational outcomes of CEOs' political ideology, specifically political conservatism vs. liberalism, and found that CEOs' ideological beliefs will influence organizational outcomes, specifically organizational outcomes.
Journal ArticleDOI
Corporations, Stakeholders and Sustainable Development I: A Theoretical Exploration of Business–Society Relations
TL;DR: In this article, the authors lay the groundwork for an empirical analysis of the question of how far sustainable development can be achieved through stakeholder relations management (SRM) through which corporations are confronted with economic, social, and environmental stakeholder claims.
Journal ArticleDOI
Corporate Social Performance and Stock Returns: UK Evidence from Disaggregate Measures
TL;DR: This article examined the relation between corporate social performance and stock returns in the UK and found that the poor financial reward offered by such firms is attributable to their good social performance on the environment and, to a lesser extent, the community aspects.
References
More filters
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.