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
Taking Friedman Seriously: Maximizing Profits and Social Performance*
TL;DR: In this paper, the authors examine the situation of firms that have two objectives: profit maximization and social performance, and show that it is wiser for the firm to act strategically than to be coerced into making investments in corporate social responsibility.
Journal ArticleDOI
A Critique of Conventional CSR Theory: An SME Perspective
TL;DR: The Global Entrepreneurship Monitor showed that Chile, Korea, New Zealand, Uganda and Venezuela are emerging as among the most entrepreneurial countries in the world, and that more than 80 per cent of entrepreneurs throughout the 41 countries studied expect to create new jobs within the next five years.
Journal ArticleDOI
The Effectiveness of Strategic Political Management: A Dynamic Capabilities Framework
Christine Oliver,Ingo Holzinger +1 more
TL;DR: In this article, the authors present a dynamic capabilities framework to explain the effective strategic management of the political environment and argue that the effectiveness of political strategies will be a function of firms' dynamic political management capabilities.
Journal ArticleDOI
Firm self-regulation through international certifiable standards: determinants of symbolic versus substantive implementation
Petra Christmann,Glen Taylor +1 more
TL;DR: In this paper, an empirical analysis shows that ISO-certified firms in China strategically select their level of compliance depending on customer preferences, customer monitoring, and expected sanctions by customers.
Ideologically motivated activism: How activist groups influence corporate social change activities
F. den Hond,F.G.A. de Bakker +1 more
TL;DR: In this article, the authors explore how activism influences corporate social change activities and argue that ideological differences among activist groups motivate them to choose different influence tactics to support their claims, leading to field-level change.
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.