Effects of Corporate Social Responsibility on Corporate Financial Performance: A Competitive-Action Perspective
| Autor: | MinChung Kim, Cuili Qian, Kwang-Ho Kim |
|---|---|
| Rok vydání: | 2015 |
| Předmět: |
Financial performance
business.industry Strategy and Management 05 social sciences Perspective (graphical) Accounting Action (philosophy) 0502 economics and business Corporate social responsibility 050211 marketing Strategic management Business Contingency Social responsibility 050203 business & management Finance |
| Zdroj: | Journal of Management. 44:1097-1118 |
| ISSN: | 1557-1211 0149-2063 |
| DOI: | 10.1177/0149206315602530 |
| Popis: | We attempt to provide a more nuanced view of the relationship between corporate social responsibility (CSR) and firm financial performance using a competitive-action perspective. We argue that competitive action should be considered as an important contingency that determines the effects of CSR activities on firm financial performance. Using data for 113 publicly listed U.S. firms in the software industry between 2000 and 2005, we found that socially responsible activities (positive CSR) enhance firm financial performance when the firm’s competitive-action level is high, whereas socially irresponsible activities (negative CSR) actually improve firm financial performance when the competitive-action level is low. By introducing competitive action as an important contingency, this study contributes to the literature on CSR and strategic management. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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