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
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
Convergent Stakeholder Theory
Thomas M. Jones,Andrew C. Wicks +1 more
TL;DR: In this paper, the authors describe two divergent approaches to stakeholder theory, a social science approach and a normative ethics approach, and examine their differences and similarities, and propose a new way of theorizing about organizations: the development of normatively and instrumentally sound convergent stakeholder theories.
Journal ArticleDOI
Reputation and corporate strategy: A review of recent theory and applications
Keith Weigelt,Colin F. Camerer +1 more
TL;DR: Research on reputation-building has formalized the concept and some of the strategic behavioral implications of these formal models are illustrated.
Journal ArticleDOI
Takeovers: Their Causes and Consequences
TL;DR: For example, this paper showed that the market for corporate control is benefiting shareholders, society, and the corporate form of organization, and that the gains to shareholders from these transactions have been huge.
Journal ArticleDOI
Agency conflict and corporate strategy: the effect of divestment on corporate value
Peter Wright,Stephen P. Ferris +1 more
TL;DR: The authors examined the effect of divestment of South African business units on the stock return behavior of publicly traded firms and found that significant and negative excess returns accrue to shares of companies announcing divestments of operations.
Book
Research in Corporate Social Performance and Policy
TL;DR: In this paper, the authors review the book "Research in Corporate Social Performance and Policy," vol. 3, by Lee E. Preston, and present a review of the book's content.