The paradoxical nexus between corporate social responsibility and sustainable financial performance: Evidence from the international construction business
| Autor: | Kwong Wing Chau, Weisheng Lu, Roger Flanagan, Meng Ye |
|---|---|
| Rok vydání: | 2018 |
| Předmět: |
Sustainable development
Financial performance business.industry Strategy and Management 05 social sciences Assertion Accounting 010501 environmental sciences Management Monitoring Policy and Law Development 01 natural sciences Stakeholder management General theory 0502 economics and business Corporate social responsibility Business Nexus (standard) Social responsibility 050203 business & management 0105 earth and related environmental sciences |
| Zdroj: | Corporate Social Responsibility and Environmental Management. 25:844-852 |
| ISSN: | 1535-3958 |
| DOI: | 10.1002/csr.1501 |
| Popis: | The aim of the research is to substantiate the hypothesis of a paradoxical dynamic link between corporate social responsibility (CSR) and its material implications including sustainable corporate financial performance (CFP). By analysing a panel of 67 international construction companies from 2006 to 2015, we found that CSR programs can be detrimental to CFP in the short term but conducive to improving it in the long term. The findings of this research indicate that, in the international construction business, the impact of CSR on CFP is not immediate and unchanging, and it takes time to materialize CSR for sustainable development. A significant practical use of this research is to provide evidence for the assertion that business stakeholders should be relieved from short‐termism in assuming social responsibility. Further research is recommended to test this support in a more general business setting towards developing a general theory on CSR and sustainable development. |
| Databáze: | OpenAIRE |
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