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
Business Statesman or Shareholder Advocate? CEO Responsible Leadership Styles and the Micro-Foundations of Political CSR
TL;DR: In this paper, the authors refine the concept of responsible leadership from an upper echelon perspective by exploring two distinct styles (instrumental and integrative) and further develop the understanding of the newly emerging integrative style.
Posted Content
The Impact of Strategic Relevance and Assurance of Sustainability Indicators on Investors’ Decisions
TL;DR: In this article, the authors investigate the effect of reported sustainability information and its assurance on nonprofessional investors' investment decisions and find that investors perceive ESG indicators to be more important, and are more willing to invest in the company, if the reported environmental, social and governance indicators have higher strategic relevance.
Journal ArticleDOI
CSR-Washing is Rare: A Conceptual Framework, Literature Review, and Critique
Shawn Pope,Arild Wæraas +1 more
TL;DR: The authors conducted a literature review of the empirical evidence for and against successful CSR-washing and found that many of the conditions are either highly contingent, rendering CSRwashing as a complex and fragile outcome.
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Understanding employees' responses to corporate social responsibility: mediating roles of overall justice and organizational identification
TL;DR: In this paper, the authors examined the impact of two aspects of an organisation'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
A Matter of Reputation and Pride: Associations between Perceived External Reputation, Pride in Membership, Job Satisfaction and Turnover Intentions
TL;DR: In this paper, the authors investigated how job satisfaction and turnover intentions are related to external reputation as perceived by employees and their pride in membership and found that a favourable reputation matters in managing turnover intentions and is closely related to employee pride and satisfaction.
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.