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
Being good while being bad: social responsibility and the international diversification of US firms
TL;DR: This paper analyzed data from 222 publicly traded US firms from 1993 to 2003 and found that firms can be simultaneously socially responsible and socially irresponsible, and the findings support their hypotheses, and have significant implications for the way in which we conceptualize CSR.
Journal ArticleDOI
Contesting the value of "creating shared value"
TL;DR: In this article, a critique of Porter and Kramer's concept of creating shared value is presented, namely, it is unoriginal, it ignores the tensions inherent to responsible business activity; it is naive about business compliance; and it is based on a shallow conception of the corporation's role in society.
Journal ArticleDOI
Social Movements as Extra-Institutional Entrepreneurs: The Effect of Protests on Stock Price Returns
Brayden G King,Sarah A. Soule +1 more
TL;DR: This article examined the effect of protests on abnormal stock price returns, an indicator of investors' reactions to a focal event, and found that protests are more influential when they target issues dealing with critical stakeholder groups, such as labor or consumers, and when generating greater media coverage.
Journal ArticleDOI
Corporate social responsibility in global supply chains
TL;DR: In this article, the authors present a conceptual framework for analysing CSR practices in global supply chains and demonstrate how a pioneering Swedish company, IKEA, implements and manages CSR practice at its suppliers.
Journal ArticleDOI
Corporate Social Responsibility and Corporate Sustainability: Separate Pasts, Common Futures
TL;DR: The authors reviewed the different definitions of corporate social responsibility (CSR) and corporate sustainability (CS) used over time to reveal points of difference and congruence between the two terms and identified opportunities to reshape a rapidly changing field by enhancing collaboration among scholars devoted to studying CSR and CS issues.
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.