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 Article
Central values of government and business: Differences, similarities and conflicts
TL;DR: In this paper, the authors present an overview of the academic debate on differences and similarities between the morals and values of public and private sector organizations, as well as values that are mentioned in public-private sector codes of conduct.
Journal ArticleDOI
Corporate Social Responsibility and Financial Performance: The Moderating Role of Ownership Concentration in Turkey
TL;DR: In this article, the authors investigate the impact of corporate social responsibility engagement on firm financial performance in Turkey and analyze the moderating role of ownership concentration in the CSR-financial performance relationship.
Journal ArticleDOI
A Longitudinal Study of Significant Change in Stakeholder Management
TL;DR: In this paper, the authors identify antecedents of change at the institutional, organizational, and executive levels, and test their predictions using a longitudinal sample of stakeholder management data.
Journal ArticleDOI
ESG activities and banking performance: International evidence from emerging economies
TL;DR: In this article, the authors examined the relationship between environmental, social, and governance (ESG) activity and bank value and found that low levels of ESG activity positively impact bank value.
Journal ArticleDOI
Adoption of corporate social responsibility codes by multinational companies
TL;DR: In this article, the authors underline the risks of corporate self-regulation for shareholders as well as stakeholders and argue that in a competitive environment, managers have no incentive to adopt codes that truly limit corporate externalities.
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.