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
Corporate Social Responsibility and Firm Risk: Theory and Empirical Evidence
TL;DR: It is shown that CSR decreases systematic risk and increases firm value and these effects are stronger for firms producing differentiated goods and when consumers' expenditure share on CSR goods is small.
Journal ArticleDOI
Corporate social responsibility or CEO narcissism? CSR motivations and organizational performance
TL;DR: In this paper, the authors argue that CSR can be a response to leaders' personal needs for attention and image reinforcement and hypothesize that CEO narcissism has positive effects on levels and profile of organizational CSR; additionally, they find support for their ideas with a sample of Fortune 500 CEOs.
Journal ArticleDOI
Does CSR Reduce Firm Risk? Evidence from Controversial Industry Sectors
Hoje Jo,Haejung Na +1 more
TL;DR: In this paper, the authors examine the relation between corporate social responsibility (CSR) and firm risk in controversial industry sectors and find that CSR engagement inversely affects firm risk after controlling for various firm characteristics.
Journal ArticleDOI
Strategic Corporate Social Responsibility and Environmental Sustainability
TL;DR: In this paper, the authors review three theoretical approaches to strategic corporate social responsibility (CSR), which can be defined as voluntary CSR actions that enhance a firm's competitiveness and reputation.
Journal ArticleDOI
The Missing Link Between Corporate Social Responsibility and Consumer Trust: The Case of Fair Trade Products
TL;DR: In this paper, the authors investigate the link between the consumer perception that a company is socially oriented and the consumer intention to buy products marketed by that company, and suggest that this link exists when at least two conditions prevail: (1) the products sold by a company comply with ethical and social requirements; (2) the company has an acknowledged commitment to protect consumer rights and interests.
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.