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
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Journal ArticleDOI
Corporate Social and Financial Performance: A Meta-Analysis
TL;DR: This article conducted a meta-analysis of 52 studies and found that corporate virtue in the form of social responsibility and, to a lesser extent, environmental responsibility is likely to pay off, although the operationalizations of CSP and CFP also moderate the positive association.
Journal ArticleDOI
Why would corporations behave in socially responsible ways? an institutional theory of corporate social responsibility
TL;DR: In this paper, the authors propose an institutional theory of corporate social responsibility consisting of a series of propositions specifying the conditions under which corporations are likely to behave in socially responsible ways, and argue that the relationship between basic economic conditions and corporate behavior is mediated by several institutional conditions: public and private regulation, the presence of nongovernmental and other independent organizations that monitor corporate behaviour, institutionalized norms regarding appropriate corporate behavior, associative behavior among corporations themselves, and organized dialogues among corporations and their stakeholders.
Journal ArticleDOI
Corporate Social Responsibility Theories: Mapping the Territory
Elisabet Garriga,Domènec Melé +1 more
TL;DR: In this article, the authors classify the main CSR theories and related approaches in four groups: (1) instrumental theories, in which the corporation is seen as only an instrument for wealth creation, and its social activities are only a means to achieve economic results; (2) political theories, which concern themselves with the power of corporations in society and a responsible use of this power in the political arena; (3) integrative theories, focusing on the satisfaction of social demands; and (4) ethical theories based on ethical responsibilities of corporations to society.
Journal ArticleDOI
How corporate social responsibility is defined: an analysis of 37 definitions
TL;DR: In this paper, five dimensions of CSR are developed through a content analysis of existing CSR definitions, and frequency counts are used to analyse how often these dimensions are invoked, concluding that the existing definitions are to a large degree congruent.
Journal ArticleDOI
The resource-based view of the firm: Ten years after 1991
TL;DR: In this paper, the authors describe the contributions to knowledge provided by the commentaries and articles contained in this issue and outline some additional areas of research wherein the resource-based view can be gainfully deployed.
References
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Journal ArticleDOI
Information and Consumer Behavior
TL;DR: In this article, the authors argue that consumers lack full information about the prices of goods, but their information is probably poorer about the quality variation of products simply because the latter information is more difficult to obtain.
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What's in a Name? Reputation Building and Corporate Strategy
Charles J. Fombrun,Mark Shanley +1 more
TL;DR: In this article, the authors argue that firms compete for reputational status in institutional fields and attempt to influence other stakeholders' assessments by signaling firms' salient advantages by signaling their salient advantages.
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A Resource-Based Perspective On Corporate Environmental Performance And Profitability
Michael V. Russo,Paul A. Fouts +1 more
TL;DR: The authors found that environmental performance and economic performance are positively linked and that industry growth moderate the relationship, with the returns to environmental performance higher in high-growth industries, concluding that it pays to be green.
Journal ArticleDOI
Instrumental stakeholder theory: a synthesis of ethics and economics
TL;DR: In this paper, the authors propose an instrumental theory of stakeholder management based on a synthesis of the stakeholder concept, economic theory, behavioral science, and ethics, with the core theory that a subset of ethical principles (trust, trustworthiness, and cooperativeness) can result in significant competitive advantage.
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Corporate social responsibility and financial performance: correlation or misspecification?
TL;DR: In this paper, the authors demonstrate a particular flaw in existing econometric studies of the relationship between social and financial performance, and find that CSR has a neutral impact on financial performance.