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
Beyond Warm Glow: The Risk-Mitigating Effect of Corporate Social Responsibility (CSR)
TL;DR: In this paper, the authors demonstrate that corporate social responsibility positively impacts sales through mitigating their customers' perceptions of purchase risk, and demonstrate that the effect of CSR on sales is stronger for those CSR activities that signal a stakeholder orientation.
Journal ArticleDOI
Communicating CSR and Business Identity in the Chemical Industry Through Mission Slogans
TL;DR: The authors analyzes the communication of corporate social responsibility (CSR) and corporate image in the chemical industry through mission slogans and analyzes Morsing's (2006) CSR communication framework.
Journal ArticleDOI
Corporate social responsibility research in international business journals: An author co-citation analysis
TL;DR: This article conducted a bibliometric study of articles published in twelve leading international business journals over three decades in a longer time frame (1996-2015) and found five research trends were found in IB journals: business ethics, integration of stakeholder management, the evolution of the CSR concept, the political and social demands of CSR, and the financial implications.
Journal ArticleDOI
Is a firm’s financial risk associated with corporate social responsibility?
Feng Jui Hsu,Yu-Cheng Chen +1 more
TL;DR: In this paper, the authors examined whether socially responsible firms behave differently from other firms in terms of financial risk using US-based firms from 1991 to 2012, and found that social responsible firms usually perform better than other firms.
Journal ArticleDOI
Formal corporate social responsibility reporting in Finnish listed companies
TL;DR: In this paper, the authors analyze CSR reporting in large Finnish listed companies, focusing on the following questions: what kinds of motives and objectives appear behind CSR reports, what kind of documents are used in CSR report, and what kind information related especially to CSR policy, stakeholders, as well as economic, social and environmental responsibilities, is presented?
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.