Journal ArticleDOI
Stakeholder influence capacity and the variability of financial returns to corporate social responsibility
TLDR
In this article, the authors argue that research on the business case for corporate social responsibility must account for the path-dependent nature of firm-stakeholder relations, and develop the construct of stakeholder influence capacity to fill this void.Abstract:
I argue that research on the business case for corporate social responsibility must account for the path-dependent nature of firm-stakeholder relations, and I develop the construct of stakeholder influence capacity to fill this void. This construct helps explain why the effects of corporate social responsibility on corporate financial performance vary across firms and time. I develop a set of propositions to aid future research on the contingencies that produce variable financial returns to investment in corporate social responsibility.read more
Citations
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Journal ArticleDOI
The Business Case for Corporate Social Responsibility: A Review of Concepts, Research and Practice
TL;DR: The business case as discussed by the authors is the underlying arguments or rationales supporting or documenting why the business community should accept and advance the corporate social responsibility (CSR) cause, which refers to the bottom-line financial and other reasons for businesses pursuing CSR strategies and policies.
Journal ArticleDOI
The Impact of Board Diversity and Gender Composition on Corporate Social Responsibility and Firm Reputation
TL;DR: This paper explored how the diversity of board resources and the number of women on boards affect firms' corporate social responsibility (CSR) ratings, and how, in turn, CSR influences corporate reputation.
Journal ArticleDOI
A review of the theories of corporate social responsibility: Its evolutionary path and the road ahead
TL;DR: In this paper, the authors trace the conceptual evolutionary path of theories on corporate social responsibility and reflect on the implications of the development of these theories, and suggest that future research needs to refocus on basic research in order to develop conceptual tools and theoretical mechanisms that explain changing organizational behavior from a broader societal perspective.
Journal ArticleDOI
ESG and financial performance: aggregated evidence from more than 2000 empirical studies
TL;DR: In this article, the authors present a comprehensive overview of academic research on the relationship between environmental, social, and governance (ESG) criteria and corporate financial performance (CFP) and show that the business case for ESG investing is empirically very well founded.
Journal ArticleDOI
The Impact of Corporate Sustainability on Organizational Processes and Performance
TL;DR: In this paper, the authors investigate the effect of corporate sustainability on organizational processes and performance using a matched sample of 180 U.S. companies, and find that corporations that voluntarily adopted sustainability policies by 1993-termed as high sustainability companies-exhibit by 2009 distinct organizational processes compared to a mismatched sample of companies that adopted almost none of these policies.
References
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Journal ArticleDOI
Theory of the firm: Managerial behavior, agency costs and ownership structure
TL;DR: In this article, the authors draw on recent progress in the theory of property rights, agency, and finance to develop a theory of ownership structure for the firm, which casts new light on and has implications for a variety of issues in the professional and popular literature.
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
Absorptive capacity: a new perspective on learning and innovation
TL;DR: In this paper, the authors argue that the ability of a firm to recognize the value of new, external information, assimilate it, and apply it to commercial ends is critical to its innovative capabilities.
Journal ArticleDOI
A Resource-Based View of the Firm
TL;DR: In this paper, the authors explore the usefulness of analyzing firms from the resource side rather than from the product side, in analogy to entry barriers and growth-share matrices, the concepts of resource position barrier and resource-product matrices are suggested.
Book
The theory of the growth of the firm
TL;DR: In this article, the authors studied the role of large and small firms in a growing economy and found that large firms are more likely to acquire and merge smaller firms in order to increase their size.