Switch to: Citations

Add references

You must login to add references.
  1. The Effect of R&D Intensity on Corporate Social Responsibility.Robert C. Padgett & Jose I. Galan - 2010 - Journal of Business Ethics 93 (3):407-418.
    This study examines the impact that research and development (R&D) intensity has on corporate social responsibility (CSR). We base our research on the resource-based view (RBV) theory, which contributes to our analysis of R&D intensity and CSR because this perspective explicitly recognizes the importance of intangible resources. Both R&D and CSR activities can create assets that provide firms with competitive advantage. Furthermore, the employment of such activities can improve the welfare of the community and satisfy stakeholder expectations, which might vary (...)
    Download  
     
    Export citation  
     
    Bookmark   18 citations  
  • The Social Responsibilities of International Business Firms in Developing Areas.Frederick Bird & Joseph Smucker - 2006 - Journal of Business Ethics 73 (1):1-9.
    Three principles must be taken into account in assessing the social responsibilities of international business firms in developing areas. The first is an awareness of the historical and institutional dynamics of local communities. This influences the type and range of responsibilities the firm can be expected to assume; it also reveals the limitations of any universal codes of conduct. The second is the necessity of non-intimidating communication with local constituencies. This requires the firm to temper its power and influence by (...)
    Download  
     
    Export citation  
     
    Bookmark   14 citations  
  • An Examination of the Structure of Executive Compensation and Corporate Social Responsibility: A Canadian Investigation.Lois Schafer Mahoney & Linda Thorn - 2006 - Journal of Business Ethics 69 (2):149-162.
    We explore the extent to which Boards use executive compensation to incite firms to act in accordance with social and environmental objectives (e.g., Johnson, R. and D. Greening: 1999, Academy of Management Journal 42(5), 564-578; Kane, E. J.: 2002, Journal of Banking and Finance 26, 1919-1933.). We examine the association between executive compensation and corporate social responsibility (CSR) for 77 Canadian firms using three key components of executives' compensation structure: salary, bonus, and stock options. Similar to prior research (McGuire, J., (...)
    Download  
     
    Export citation  
     
    Bookmark   26 citations  
  • Corporate Reputation and Philanthropy: An Empirical Analysis.Stephen Brammer & Andrew Millington - 2005 - Journal of Business Ethics 61 (1):29-44.
    This paper analyzes the determinants of corporate reputation within a sample of large UK companies drawn from a diverse range of industries. We pay particular attention to the role that philanthropic expenditures and policies may play in shaping the perceptions of companies among their stakeholders. Our findings highlight that companies which make higher levels of philanthropic expenditures have better reputations and that this effect varies significantly across industries. Given that reputational indices tend to reflect the financial performance of organizations above (...)
    Download  
     
    Export citation  
     
    Bookmark   95 citations  
  • Corporate Social Responsibility and Long-term Compensation: Evidence from Canada.L. S. Mahoney & Linda Thorne - 2005 - Journal of Business Ethics 57 (3):241-253.
    . This paper examines the association between long-term compensation and corporate social responsibility for 90 publicly traded Canadian firms. Social responsibility is considered to include concerns for social factors and the environment, 564-578; Kane, E. J., 341-359). Long-term compensation attempts to focus executives efforts on optimizing the longer term, which should direct their attention to factors traditionally associated with socially responsible executives. As hypothesized, we found a significant relationship between the long-term compensation and total CSR weakness as well as the (...)
    Download  
     
    Export citation  
     
    Bookmark   37 citations  
  • The Corporate Social Performance and Corporate Financial Performance Debate.Jennifer J. Griffin & John F. Mahon - 1997 - Business and Society 36 (1):5-31.
    This article extends earlier research concerning the relationship between corporate social performance and corporate financial performance, with particular emphasis on methodological inconsistencies. Research in this area is extended in three critical areas. First, it focuses on a particular industry, the chemical industry. Second, it uses multiple sources of data-two that are perceptual based (KLD Index and Fortune reputation survey), and two that are performance based (TRI database and corporate philanthropy) in order to triangulate toward assessing corporate social performance. Third, it (...)
    Download  
     
    Export citation  
     
    Bookmark   175 citations  
  • Corporate Social Responsibility.Archie B. Carroll - 1999 - Business and Society 38 (3):268-295.
    There is an impressive history associated with the evolution of the concept and definition of corporate social responsibility (CSR). In this article, the author traces the evolution of the CSR construct beginning in the 1950s, which marks the modern era of CSR. Definitions expanded during the 1960s and proliferated during the 1970s. In the 1980s, there were fewer new definitions, more empirical research, and alternative themes began to mature. These alternative themes included corporate social performance (CSP), stakeholder theory, and business (...)
    Download  
     
    Export citation  
     
    Bookmark   418 citations  
  • The Relationship between Social and Financial Performance.Ronald M. Roman, Sefa Hayibor & Bradley R. Agle - 1999 - Business and Society 38 (1):109-125.
    A primary issue in the field of business and society over the past 25 years has been the relationship between corporate social performance and corporate financial performance. Recently, Griffin and Mahon (1997) presented a table categorizing studies that have investigated this relationship. Motivated by concerns with this table, as well as a desire to account for progress in research in this area, the authors reconstructed it. The authors present a portrait of this relationship that is (a) substantially different from that (...)
    Download  
     
    Export citation  
     
    Bookmark   59 citations  
  • Understanding Corporate Social Responsibility and Product Perceptions in Consumer Markets: A Cross-cultural Evaluation.Jaywant Singh & Igancio Rodriguez del Bosque - 2008 - Journal of Business Ethics 80 (3):597-611.
    The concept of corporate social responsibility is becoming integral to effective corporate brand management. This study adopts a multidimensional and cross-country perspective of the concept and analyses consumer perceptions of behaviour of four leading consumer products manufacturers. Data was collected from consumers in two countries – Spain and the UK. The study analyses consumers’ degree of interest in corporate responsibility and its impact on their perception about the company. The findings here suggest a weak impact of company-specific communication on consumers’ (...)
    Download  
     
    Export citation  
     
    Bookmark   23 citations  
  • Understanding Corporate Social Responsibility and Product Perceptions in Consumer Markets: A Cross-cultural Evaluation. [REVIEW]Jaywant Singh, Maria del Mar Garcia de los Salmones Sanchez & Igancio Rodriguez del Bosque - 2008 - Journal of Business Ethics 80 (3):597-611.
    The concept of corporate social responsibility is becoming integral to effective corporate brand management. This study adopts a multidimensional and cross-country perspective of the concept and analyses consumer perceptions of behaviour of four leading consumer products manufacturers. Data was collected from consumers in two countries – Spain and the UK. The study analyses consumers’ degree of interest in corporate responsibility and its impact on their perception about the company. The findings here suggest a weak impact of company-specific communication on consumers’ (...)
    Download  
     
    Export citation  
     
    Bookmark   21 citations  
  • Stakeholder Influence Capacity and the Variability of Financial Returns to Corporate Social Responsibility.Michael L. Barnett - 2005 - Proceedings of the International Association for Business and Society 16:287-292.
    This paper argues that research on the business case for corporate social responsibility (CSR) must account for the path dependent nature of firm-stakeholderrelations, and develops the construct of stakeholder influence capacity (SIC) to fill this void. SIC helps to explain why the effects of CSR on corporate financial performance (CFP) vary across firms and across time, therein providing a missing link in the study of the business case. This paper distinguishes CSR from related and confounded corporate resource allocations and from (...)
    Download  
     
    Export citation  
     
    Bookmark   136 citations  
  • The Causal Effect of Corporate Governance on Corporate Social Responsibility.Hoje Jo & Maretno A. Harjoto - 2012 - Journal of Business Ethics 106 (1):53-72.
    In this article, we examine the empirical association between corporate governance (CG) and corporate social responsibility (CSR) engagement by investigating their causal effects. Employing a large and extensive US sample, we first find that while the lag of CSR does not affect CG variables, the lag of CG variables positively affects firms’ CSR engagement, after controlling for various firm characteristics. In addition, to examine the relative importance of stakeholder theory and agency theory regarding the associations among CSR, CG, and corporate (...)
    Download  
     
    Export citation  
     
    Bookmark   63 citations  
  • The Relationship Between Corporate Social Responsibility and Earnings Management: An Exploratory Study. [REVIEW]Yongtao Hong & Margaret L. Andersen - 2011 - Journal of Business Ethics 104 (4):461-471.
    In this article, we explore the relationship between corporate social responsibility (CSR) and earnings management (EM). Our CSR index, using KLD data, incorporates information from the following issue areas: the community, corporate governance, diversity, the product, employee relations, the environment, and human rights. Results show that more socially responsible firms have higher quality accruals and less activity-based EM, both of which impact financial reporting quality.
    Download  
     
    Export citation  
     
    Bookmark   17 citations  
  • The Effect of Ownership Structure on Corporate Social Responsibility: Empirical Evidence from Korea. [REVIEW]Won Yong Oh, Young Kyun Chang & Aleksey Martynov - 2011 - Journal of Business Ethics 104 (2):283-297.
    Relatively little research has examined the effects of ownership on the firms’ corporate social responsibility (CSR). In addition, most of it has been conducted in the Western context such as the U.S. and Europe. Using a sample of 118 large Korean firms, we hypothesize that different types of shareholders will have distinct motivations toward the firm’s CSR engagement. We break down ownership into different groups of shareholders: institutional, managerial, and foreign ownerships. Results indicate a significant, positive relationship between CSR ratings (...)
    Download  
     
    Export citation  
     
    Bookmark   46 citations  
  • Directors' Roles in Corporate Social Responsibility: A Stakeholder Perspective. [REVIEW]Humphry Hung - 2011 - Journal of Business Ethics 103 (3):385-402.
    We propose that corporate directors are important in helping organizations deal with two major issues of stakeholders. First, directors can help manage the interests of organizational stakeholders, and second, they assist in protecting the interests of their organizations as stakeholders in society. Their contribution can be conceptualized as the directors’ roles in corporate social responsibility (DR-CSR). We identify two types of DR-CSR, organization-centered and society-centered roles. Based on a study of 120 corporate directors, we observe that the more concern that (...)
    Download  
     
    Export citation  
     
    Bookmark   10 citations  
  • Corporate Governance and Firm Value: The Impact of Corporate Social Responsibility. [REVIEW]Hoje Jo & Maretno A. Harjoto - 2011 - Journal of Business Ethics 103 (3):351-383.
    This study investigates the effects of internal and external corporate governance and monitoring mechanisms on the choice of corporate social responsibility (CSR) engagement and the value of firms engaging in CSR activities. The study finds the CSR choice is positively associated with the internal and external corporate governance and monitoring mechanisms, including board leadership, board independence, institutional ownership, analyst following, and anti- takeover provisions, after controlling for various firm characteristics. After correcting for endogeneity and simultaneity issues, the results show that (...)
    Download  
     
    Export citation  
     
    Bookmark   85 citations  
  • Researches in Corporate Social Responsibility: A Review of Shifting Focus, Paradigms, and Methodologies. [REVIEW]Shallini S. Taneja, Pawan Kumar Taneja & Rajen K. Gupta - 2011 - Journal of Business Ethics 101 (3):343-364.
    Owing to the growing academic and practitioner’s interest in the field of Corporate Social Responsibility, there is a need to do a comprehensive assessment and synthesis of research activities. This article addresses this need and examines the academic literature on Corporate Social Responsibility and Performance using a paradigmatic and methodological lens. The objective of this article is fourfold. First, it examines the status of CSR research from its beginning especially after 1970 to year 2008 in leading academic journals and reports (...)
    Download  
     
    Export citation  
     
    Bookmark   29 citations  
  • The Impact of Board Diversity and Gender Composition on Corporate Social Responsibility and Firm Reputation.Stephen Bear, Noushi Rahman & Corinne Post - 2010 - Journal of Business Ethics 97 (2):207 - 221.
    This article explores 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. In addition, this article examines whether CSR ratings mediate the relationships among board resource diversity, gender composition, and corporate reputation. The OLS regression results using lagged data for independent and control variables were statistically significant for the gender composition hypotheses, but not for the resource diversitybased hypotheses. CSR ratings had (...)
    Download  
     
    Export citation  
     
    Bookmark   97 citations  
  • Corporate Social Responsibility as a Conflict Between Shareholders.Amir Barnea & Amir Rubin - 2010 - Journal of Business Ethics 97 (1):71 - 86.
    In recent years, firms have greatly increased the amount of resources allocated to activities classified as Corporate Social Responsibility (CSR). While an increase in CSR expenditure may be consistent with firm value maximization if it is a response to changes in stakeholders' preferences, we argue that a firm's insiders (managers and large blockholders) may seek to overinvest in CSR for their private benefit to the extent that doing so improves their reputations as good global citizens and has a "warm-glow" effect. (...)
    Download  
     
    Export citation  
     
    Bookmark   97 citations  
  • Corporate Social Responsibility, Ownership Structure, and Political Interference: Evidence from China. [REVIEW]Wenjing Li & Ran Zhang - 2010 - Journal of Business Ethics 96 (4):631 - 645.
    Prior research suggests that ownership structure is associated to corporate social responsibility (CSR) in developed countries. This article examines whether and how ownership structure affects CSR in emerging markets using Chinese firms' social responsibility ranking. Our empirical evidences show that for non-state-owned firms, corporate ownership dispersion is positively associated to CSR. However, for state-owned firms, whose controlling shareholder is the state, this relation is reversed. We attribute the reversed relationship to political interferences and further test this hypothesis by demonstrating that (...)
    Download  
     
    Export citation  
     
    Bookmark   34 citations  
  • Does Corporate Social Responsibility Influence Firm Performance of Indian Companies?Supriti Mishra & Damodar Suar - 2010 - Journal of Business Ethics 95 (4):571 - 601.
    This study examines whether corporate social responsibility (CSR) towards primary stakeholders influences the financial and the non-financial performance (NFP) of Indian firms. Perceptual data on CSR and NFP were collected from 150 senior-level Indian managers including CEOs through questionnaire survey.Hard data on financial performance (FP) of the companies were obtained from secondary sources. A questionnaire for assessing CSR was developed with respect to six stakeholder groups - employees, customers, investors, community, natural environment, and suppliers. A composite measure of CSR was (...)
    Download  
     
    Export citation  
     
    Bookmark   20 citations  
  • A corporate social responsibility audit within a quality management framework.Ton van der Wiele, Peter Kok, Richard McKenna & Alan Brown - 2001 - Journal of Business Ethics 31 (4):285 - 297.
    In this paper a corporate social responsibility audit is developed following the underlying methodology of the quality award/excellence models. Firstly the extent to which the quality awards already incorporate the development of social responsibility is examined by looking at the Malcolm Baldrige National Quality Award and the European Quality Award. It will be shown that the quality awards do not yet include ethical aspects in relation to social responsibility. Both a clear definition of social responsibility and an improved audit instrument (...)
    Download  
     
    Export citation  
     
    Bookmark   36 citations  
  • The association between corporate social-responsibility and financial performance: The paradox of social cost. [REVIEW]Moses L. Pava & Joshua Krausz - 1996 - Journal of Business Ethics 15 (3):321 - 357.
    It is generally assumed that common stock investors are exclusively interested in earning the highest level of future cash-flow for a given amount of risk. This view suggests that investors select a well-diversified portfolio of securities to achieve this goal. Accordingly, it is often assumed that investors are unwilling to pay a premium for corporate behavior which can be described as socially-responsible.Recently, this view has been under increasing attack. According to the Social Investment Forum, at least 538 institutional investors now (...)
    Download  
     
    Export citation  
     
    Bookmark   89 citations  
  • CEO incentives and corporate social performance.Jean McGuire, Sandra Dow & Kamal Argheyd - 2003 - Journal of Business Ethics 45 (4):341 - 359.
    This paper examines the relationship between CEO incentives and strong and weak corporate social performance. Using the KLD database we find that incentives have no significant relationship with strong social performance. Salary and long-term incentives have a positive association with weak social performance.
    Download  
     
    Export citation  
     
    Bookmark   75 citations  
  • Managers' personal values as drivers of corporate social responsibility.Christine A. Hemingway & Patrick W. Maclagan - 2004 - Journal of Business Ethics 50 (1):33-44.
    In this theoretical paper, motives for CSR are considered. An underlying assumption is that the commercial imperative is not the sole driver of CSR decision-making in private sector companies, but that the formal adoption and implementation of CSR by corporations could be associated with the changing personal values of individual managers. These values may find expression through the opportunity to exercise discretion, which may arise in various ways. It is suggested that in so far as CSR initiatives represent individuals' values, (...)
    Download  
     
    Export citation  
     
    Bookmark   176 citations  
  • An examination of business students' perception of corporate social responsibilities before and after bankruptcies.Rafik Z. Elias - 2004 - Journal of Business Ethics 52 (3):267-281.
    Significant research has found that corporations have a social responsibility beyond maximizing shareholders' value. This study examines the effect of high-profile corporate bankruptcies on perception of corporate social responsibility. Undergraduate and graduate business students rated the importance of corporate social responsibility on profitability, long-term success and short-term success, before and after high-profile bankruptcies. The results indicated that students in general perceived corporate social responsibility to be more important to profitability and long-term success of the firm and less important to short-term (...)
    Download  
     
    Export citation  
     
    Bookmark   18 citations  
  • Corporate Social Responsibility, Investor Protection, and Earnings Management: Some International Evidence. [REVIEW]Hsiang-Lin Chih, Chung-Hua Shen & Feng-Ching Kang - 2008 - Journal of Business Ethics 79 (1-2):179 - 198.
    To many, recent allegations of accounting fraud (or earnings management; EM) at Enron, coupled with similar ones at many other corporations, are a strong indication of a serious decay in business ethics. In academics, this raises the concern between EM and corporate social responsibility (CSR). Since it has neither been documented, nor globally tested whether CSR mitigates or increases the extent of EM, three kinds of EM are studied: earnings smoothing, earnings aggressiveness, and earnings losses and decreases avoidance. The extents (...)
    Download  
     
    Export citation  
     
    Bookmark   22 citations  
  • The Supply of Corporate Social Responsibility Disclosures Among U.S. Firms.Lori Holder-Webb, Jeffrey R. Cohen, Leda Nath & David Wood - 2009 - Journal of Business Ethics 84 (4):497-527.
    Corporate social responsibility (CSR) is a dramatically expanding area of activity for managers and academics. Consumer demand for responsibly produced and fair trade goods is swelling, resulting in increased demands for CSR activity and information. Assets under professional management and invested with a social responsibility focus have also grown dramatically over the last 10 years. Investors choosing social responsibility investment strategies require access to information not provided through traditional financial statements and analyses. At the same time, a group of mainstream (...)
    Download  
     
    Export citation  
     
    Bookmark   47 citations  
  • On the Determinants of Corporate Social Responsibility: International Evidence on the Financial Industry.Hsiang-Lin Chih, Hsiang-Hsuan Chih & Tzu-Yin Chen - 2010 - Journal of Business Ethics 93 (1):115-135.
    This article sets out to undertake a thorough, point-by-point examination of the theory postulated by Campbell (2007), in which an attempt is made to specify the conditions under which corporations may or may not act in socially responsible ways. In order to ensure the overall reliability of our study, and to attempt to provide a new understanding of, and greater insights into, whether corporate social responsibility (CSR) is affected by financial and institutional variables, we empirically investigate a total of 520 (...)
    Download  
     
    Export citation  
     
    Bookmark   24 citations  
  • Determinants of Corporate Social Responsibility Disclosure Ratings by Spanish Listed Firms.Carmelo Reverte - 2009 - Journal of Business Ethics 88 (2):351-366.
    The aim of this paper is to analyze whether a number of firm and industry characteristics, as well as media exposure, are potential determinants of corporate social responsibility (CSR) disclosure practices by Spanish listed firms. Empirical studies have shown that CSR disclosure activism varies across companies, industries, and time (Gray et al., Accounting, Auditing & Accountability Journal 8(2), 47–77, 1995; Journal of Business Finance & Accounting 28(3/4), 327–356, 2001; Hackston and Milne, Accounting, Auditing & Accountability Journal 9(1), 77–108, 1996; Cormier (...)
    Download  
     
    Export citation  
     
    Bookmark   47 citations  
  • Ethics Programs, Perceived Corporate Social Responsibility and Job Satisfaction.Sean Valentine & Gary Fleischman - 2007 - Journal of Business Ethics 77 (2):159-172.
    Companies offer ethics codes and training to increase employees' ethical conduct. These programs can also enhance individual work attitudes because ethical organizations are typically valued. Socially responsible companies are likely viewed as ethical organizations and should therefore prompt similar employee job responses. Using survey information collected from 313 business professionals, this exploratory study proposed that perceived corporate social responsibility would mediate the positive relationships between ethics codes/training and job satisfaction. Results indicated that corporate social responsibility fully or partially mediated the (...)
    Download  
     
    Export citation  
     
    Bookmark   79 citations  
  • Corporate Social Responsibility Audit: From Theory to Practice.Risako Morimoto, John Ash & Chris Hope - 2005 - Journal of Business Ethics 62 (4):315-325.
    This research examines the possibility of developing a new corporate social responsibility (CSR) auditing system based on the analysis of current CSR literature and interviews conducted with a number of interested and knowledgeable stakeholders. This work attempts to create a framework for social responsibility auditing compatible with an existing commercially successful environmental audit system. The project is unusual in that it tackles the complex issue of CSR auditing with a scientific approach using Grounded Theory. On the evidence discovered to date (...)
    Download  
     
    Export citation  
     
    Bookmark   19 citations  
  • The Pragmatic and Ethical Barriers to Corporate Social Responsibility Disclosure: The Nike Case.Kristen Bell DeTienne & Lee W. Lewis - 2005 - Journal of Business Ethics 60 (4):359-376.
    Numerous studies have documented the demand for information regarding corporations’ relationships to society. Much recent research has demonstrated why stakeholders need this information, and how it benefits both companies and the public. These studies suggest numerous methods by which companies can effectively disclose corporate social responsibility (CSR) information to the public, but in practice, reporting this type of information is fraught with legal and ethical uncertainty often unexplored in most literature. This article represents a fresh analysis of the numerous pragmatic (...)
    Download  
     
    Export citation  
     
    Bookmark   16 citations  
  • The Corporate Social Performance and Corporate Financial Performance Debate: 25 Years ofIncomparable ReseaarchJ.J. Griffin & Mahon John - 1997 - Business and Society 1:73-75.
    Download  
     
    Export citation  
     
    Bookmark   107 citations  
  • Philanthropy as Strategy.David H. Saiia, Archie B. Carroll & Ann K. Buchholtz - 2003 - Business and Society 42 (2):169-201.
    Scholars and practitioners alike indicate a movement in corporate philanthropy toward “strategic” giving, for example, giving that improves the firm's strategic position (ultimately the “bottom line”) while it benefits the recipient of the philanthropic act. Although the existence of this trend is widely accepted, it is represented in the literature most often by anecdotal evidence. This article presents the findings of a survey of corporate giving managers of U.S. firms that have had an established giving program of at least 5 (...)
    Download  
     
    Export citation  
     
    Bookmark   55 citations  
  • Corporate Social Responsibility, Investor Behaviors, and Stock Market Returns: Evidence from a Natural Experiment in China. [REVIEW]Maobin Wang, Chun Qiu & Dongmin Kong - 2011 - Journal of Business Ethics 101 (1):127 - 141.
    This article studies how financial investors respond to firms' corporate social responsibility (CSR) performance in terms of their investing behaviors, and how such behaviors change contingent on an event that provokes their attention and concerns to CSR. Using the melamine contamination incident in China as a natural experiment, it is found that neither the individual investors' nor the institutional investors' behaviors are influenced by firms' CSR performance before the incident. Nevertheless, in the post-event period, institutional investors' behaviors are significantly influenced (...)
    Download  
     
    Export citation  
     
    Bookmark   11 citations  
  • Strategic Corporate Social Responsibility in Controversial Industry Sectors: The Social Value of Harm Minimisation. [REVIEW]Margaret Lindorff, Elizabeth Prior Jonson & Linda McGuire - 2012 - Journal of Business Ethics 110 (4):457-467.
    This paper examines how it is possible for firms in controversial sectors, which are often marked by social taboos and moral debates, to act in socially responsible ways, and whether a firm can be socially responsible if it produces products harmful to society or individuals. It contends that a utilitarian justification can be used to support the legal and regulated provision of goods and services in these areas, and the regulated and legal provision of these areas produces less harm than (...)
    Download  
     
    Export citation  
     
    Bookmark   9 citations  
  • Vice or Virtue? The Impact of Corporate Social Responsibility on Executive Compensation.Ye Cai, Hoje Jo & Carrie Pan - 2011 - Journal of Business Ethics 104 (2):159-173.
    We empirically examine the impact of corporate social responsibility (CSR) on CEO compensation using a large sample of the US firms from 1996 to 2010. We develop and test two hypotheses, the overinvestment hypothesis based on agency theory and the conflict–resolution hypothesis based on stakeholder theory. We find that the lag of CSR adversely affects both total compensation and cash compensation, after controlling for various firm and board characteristics. Our estimates show that an interquartile increase in CSR is followed by (...)
    Download  
     
    Export citation  
     
    Bookmark   21 citations  
  • Do Lenders Value Corporate Social Responsibility? Evidence from China.Kangtao Ye & Ran Zhang - 2011 - Journal of Business Ethics 104 (2):197-206.
    Drawing on risk mitigation theory, this article examines whether the improvement of firms’ social performance reduces debt financing costs (CDFs) in China, the world’s largest emerging market. Employing both the ordinary least square (OLS) and the two-stage instrumental variable regression methods, we find that improved corporate social responsibility (CSR) reduces the CDF when firms’ CSR investment is lower than an optimal level; however, this relationship is reversed after the CSR investment exceeds the optimal level. Firms with extremely low or extremely (...)
    Download  
     
    Export citation  
     
    Bookmark   25 citations  
  • It's good business.Robert C. Solomon - 1985 - New York: Perennial Library. Edited by Kristine R. Hanson.
    Extensive case studies, questionnaires, and problem-solving exercises make this an essential guide for business people.
    Download  
     
    Export citation  
     
    Bookmark   27 citations  
  • Risk Management, Real Options, Corporate Social Responsibility.Bryan W. Husted - 2005 - Journal of Business Ethics 60 (2):175-183.
    The relationship of corporate social responsibility to risk management has been treated sporadically in the business society literature. Using real options theory, I develop the notion of corporate social responsibility as a real option its implications for risk management. Real options theory allows for a strategic view of corporate social responsibility. Specifically, real options theory suggests that corporate social responsibility should be negatively related to the firm’s ex ante downside business risk.
    Download  
     
    Export citation  
     
    Bookmark   35 citations  
  • Understanding Corporate Social Responsibility and Product Perceptions in Consumer Markets: A Cross-Cultural Evaluation.Jaywant Singh, Maria del Mar Garcia de los Salmones Sanchez & Ignacio Rodriguez del Bosque - 2008 - Journal of Business Ethics 80 (3):597 - 611.
    The concept of corporate social responsibility is becoming integral to effective corporate brand management. This study adopts a multidimensional and cross-country perspective of the concept and analyses consumer perceptions of behaviour of four leading consumer products manufacturers. Data was collected from consumers in two countries - Spain and the UK. The study analyses consumers' degree of interest in corporate responsibility and its impact on their perception about the company. The findings here suggest a weak impact of company-specific communication on consumers' (...)
    Download  
     
    Export citation  
     
    Bookmark   22 citations  
  • Corporate Social Responsibility: Is it Rewarded by the Corporate Bond Market? A Critical Note.Klaus Michael Menz - 2010 - Journal of Business Ethics 96 (1):117 - 134.
    The question of whether corporate social responsibility (CSR) has a positive impact on firm value has been almost exclusively analysed from the perspective of the stock market. We have therefore investigated the relationship between the valuation of Euro corporate bonds and the standards of CSR of mainly European companies for the first time in this article. Generally, the debt market exhibits a considerable weight for corporate finance, for which reason creditors should basically play a significant role in the transmission of (...)
    Download  
     
    Export citation  
     
    Bookmark   8 citations  
  • Corporate Social Responsibility: Is it Rewarded by the Corporate Bond Market? A Critical Note. [REVIEW]Klaus-Michael Menz - 2010 - Journal of Business Ethics 96 (1):117-134.
    The question of whether corporate social responsibility (CSR) has a positive impact on firm value has been almost exclusively analysed from the perspective of the stock market. We have therefore investigated the relationship between the valuation of Euro corporate bonds and the standards of CSR of mainly European companies for the first time in this article. Generally, the debt market exhibits a considerable weight for corporate finance, for which reason creditors should basically play a significant role in the transmission of (...)
    Download  
     
    Export citation  
     
    Bookmark   9 citations  
  • Corporate social responsibility and financial disclosures: An alternative explanation for increased disclosure. [REVIEW]David S. Gelb & Joyce A. Strawser - 2001 - Journal of Business Ethics 33 (1):1 - 13.
    Researchers and practitioners have devoted considerable attention to firms'' policies regarding discretionary disclosures. Prior studies argue that firms increase demand for their debt and equity issues and, thus, lower their cost of capital, by providing more informative disclosures. However, empirical research has generally not been able to document significant benefits from increased disclosure.This paper proposes an alternative explanation – firms disclose because it is the socially responsible thing to do. We argue that companies have incentives to engage in stakeholder management (...)
    Download  
     
    Export citation  
     
    Bookmark   35 citations  
  • Do Announcements About Corporate Social Responsibility Create or Destroy Shareholder Wealth? Evidence from the UK.Iain Clacher & Jens Hagendorff - 2012 - Journal of Business Ethics 106 (3):253-266.
    This paper investigates the stock market reaction to the announcement that a firm has been included in the UK FTSE4Good index of socially responsible firms. We use the announcement of firm inclusion in the index to estimate the stock market reaction to a firm being classified as socially responsible. This is an important test of whether investors view the undertaking of socially responsible activities by firms as a value increasing or value decreasing initiative by management. We do not find strong (...)
    Download  
     
    Export citation  
     
    Bookmark   2 citations  
  • Understanding Corporate Social Responsibility and Product Perceptions in Consumer Markets: A Cross-cultural Evaluation.Jaywant Singh, Maria del Mar Garcia Salmones Sanchez & Igancio Rodriguez Bosque - 2008 - Journal of Business Ethics 80 (3):597-611.
    The concept of corporate social responsibility is becoming integral to effective corporate brand management. This study adopts a multidimensional and cross-country perspective of the concept and analyses consumer perceptions of behaviour of four leading consumer products manufacturers. Data was collected from consumers in two countries – Spain and the UK. The study analyses consumers’ degree of interest in corporate responsibility and its impact on their perception about the company. The findings here suggest a weak impact of company-specific communication on consumers’ (...)
    Download  
     
    Export citation  
     
    Bookmark   20 citations