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
The relationship between corporate diversification and corporate social performance
TL;DR: It is proposed that the level of diversification will be positively related to the CSP of firms, however, when diversified firms have a strong focus on short-term profit, it may discourage firm response to stakeholder demands and investment in social issues, thereby negatively moderating the positive relationship between the levelof diversification and CSP.
Journal ArticleDOI
Communicating CSR: practices among Switzerland's top 300 companies
TL;DR: In this article, the authors provide a picture of the practice of corporate social responsibility (CSR) communication among the top 300 companies in Switzerland and investigate how favorable the cultural context is for this kind of communication.
Journal ArticleDOI
Corporate social responsibility authenticity: Investigating its antecedents and outcomes
TL;DR: In this article, the authors employ content analysis to understand the factors that influence the perceived authenticity of CSR initiatives and develop and validate a CSR authenticity scale and offer evidence that the authenticity is influenced by fit, impact, and reparation.
Journal ArticleDOI
Understanding employees' responses to corporate social responsibility: Mediating roles of overall justice and organisational identification.
TL;DR: In this article, the authors examined the impact of two aspects of an organization's socially responsible behaviours, i.e., employees' perceptions of CSR initiatives directed at internal and external stakeholders, on employees' job satisfaction, and found that perceived CSR relates positively to job satisfaction through its effects on overall justice perceptions and organizational identification.
Journal ArticleDOI
Does media attention drive corporate social responsibility
TL;DR: In this article, the authors investigated the influence of media attention on the strengths and weaknesses of a firm's corporate social responsibility (CSR) and found that while increases in media attention are related to increases in CSR-strengths, CSR weaknesses are not sensitive to changes in media attentions.
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.