Journal ArticleDOI
Corporate Social Responsibility: a Theory of the Firm Perspective
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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
Is Earnings Quality Associated with Corporate Social Responsibility
TL;DR: In this paper, the authors examine whether socially responsible firms behave differently from other firms in their financial reporting, and they find that firms that exhibit corporate social responsibility also behave in a responsible manner to constrain earnings management, thereby delivering more transparent and reliable financial information to investors.
Journal ArticleDOI
Managers' personal values as drivers of corporate social responsibility
TL;DR: In this article, the authors argue that the formal adoption and implementation of CSR by corporations could be associated with the changing personal values of individual managers, which may find expression through the opportunity to exercise discretion.
Journal ArticleDOI
Value Creation and Value Capture: A Multilevel Perspective
TL;DR: In this paper, the authors define value creation in terms of use value and exchange value and discuss some of the key issues related to its study, including the topic of value capture, and use the concepts of competition and isolating mechanisms to explain how value can be captured at different levels of analysis.
Posted Content
The Impact of Corporate Sustainability on Organizational Processes and Performance
TL;DR: In this paper, the authors investigate the effect of corporate sustainability on organizational processes and performance and find that corporations that voluntarily adopted sustainability policies by 1993 exhibit by 2009 distinct organizational processes compared to a matched sample of companies that adopted almost none of these policies - termed as Low Sustainability companies.
Journal ArticleDOI
Toward a political conception of corporate responsibility: Business and society seen from a habermasian perspective
TL;DR: This article proposed a new approach, based on Jurgen Habermas's theory of democracy, and defined the new role of the business firm as a political actor in a globalizing society.
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.