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Opportunity Platforms and Safety Nets: Corporate Citizenship and Reputational Risk
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In this article, it is argued that no simple correlation can be established between corporate social performance and corporate financial performance, and it is suggested that corporate citizenship programs can be designed to help companies address reputational threats.Abstract:
It is argued that no simple correlation can be established between corporate social performance and corporate financial performance. The activities that generate CSP do not directly impact the company's financial performance, but instead affect the bottom line via its stock of reputational capital - the financial value of its intangible assets. It is suggested that corporate citizenship programs can be designed to help companies address reputational threats and opportunities to achieve reputational gains while mitigating reputational losses.read more
Citations
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Journal ArticleDOI
The Social Psychology of Organizations.
Journal ArticleDOI
Corporate social responsibility and access to finance
TL;DR: In this article, the authors investigate whether superior performance on corporate social responsibility (CSR) strategies leads to better access to finance and find that firms with better CSR performance face significantly lower capital constraints.
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The relationship between corporate social responsibility and shareholder value: an empirical test of the risk management hypothesis
TL;DR: In this article, the authors extended the risk management model by theorizing that some types of CSR activities will be more likely to create goodwill and offer insurance-like protection than other types.
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The Relationship Between Corporate Philanthropy And Shareholder Wealth: A Risk Management Perspective
TL;DR: In this article, the authors present a complex theoretical explanation that draws on multiple bodies of literature to present an academically rigorous version of a simple argument: good deeds earn chits.
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Maximizing Business Returns to Corporate Social Responsibility (CSR): The Role of CSR Communication
TL;DR: In this article, a conceptual framework of CSR communication is presented and its different aspects are analyzed, from message content and communication channels to company and stakeholder-specific factors that influence the effectiveness of communication.
References
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Institutionalized Organizations: Formal Structure as Myth and Ceremony
John W. Meyer,Brian Rowan +1 more
TL;DR: Many formal organizational structures arise as reflections of rationalized institutional rules as discussed by the authors, and the elaboration of such rules in modern states and societies accounts in part for the expansion and i...
Book
The External Control of Organizations: A Resource Dependence Perspective
TL;DR: The External Control of Organizations as discussed by the authors explores how external constraints affect organizations and provides insights for designing and managing organizations to mitigate these constraints, and it is the fact of the organization's dependence on the environment that makes the external constraint and control of organizational behavior both possible and almost inevitable.
Journal ArticleDOI
Determinants of corporate borrowing
TL;DR: In this article, the authors predict that corporate borrowing is inversely related to the proportion of market value accounted for by real options and rationalize other aspects of corporate borrowing behavior, such as the practice of matching maturities of assets and debt liabilities.