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
Hotels’ corporate social responsibility practices, organizational culture, firm reputation, and performance
María Rosario González-Rodríguez,Rosario Carmen Martín-Samper,Mehmet Ali Koseoglu,Fevzi Okumus +3 more
TL;DR: Corporate social responsibility (CSR) practices are considered one of the key success factors influencing firm performance as mentioned in this paper, however, how CSR practices should be integrated into an organizat...
Journal ArticleDOI
Legitimacy Struggles and Political Corporate Social Responsibility in International Settings: A Comparative Discursive Analysis of a Contested Investment in Latin America
TL;DR: In this article, the authors examine the discursive legitimation of controversial investment projects to provide a better understanding of the ways in which corporate social responsibility is constructed in international settings, and develop a framework that elucidates four legitimating discourses: technocratic, societal, national-political, and global-capitalist.
Journal ArticleDOI
Welfare and capital-theoretic foundations of corporate social responsibility and corporate sustainability
TL;DR: In this article, a formal approach for integrating the societal perspective of sustainable development with the corporate perspective of CSR and CS is presented, which is complementary to a company's internal CSR evaluation.
Journal ArticleDOI
Thinking of the organization as a system: The role of managerial perceptions in developing a corporate social responsibility strategic agenda
TL;DR: In this article, a conceptual framework is proposed to clarify the processes that underlie the emergence, prioritization and integration of CSR issues into organizational goals, highlighting the central influence of top managers' perceptions on the development of corporate social responsibility (CSR) strategic agendas.
Journal ArticleDOI
Investor Reaction to Positive and Negative Corporate Social Events
TL;DR: In this article, the authors provide a basis for understanding under what circumstances there is a match (congruence) between stakeholder and investor reactions to a stakeholder-positive corporate social event (pCSE) and a stake-negative corporate social events (nCSE).
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.