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Reviewing the Business Case for Corporate Social Responsibility: New Evidence and Analysis

Journal of business ethics, 2011-10, Vol.103 (2), p.167-188 [Peer Reviewed Journal]

2011 Springer ;Springer Science+Business Media B.V. 2011 ;ISSN: 0167-4544 ;EISSN: 1573-0697 ;DOI: 10.1007/s10551-011-0867-0 ;CODEN: JBUEDJ

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Title:
Reviewing the Business Case for Corporate Social Responsibility: New Evidence and Analysis
Author: Schreck, Philipp
Subjects: Business ; Business and Management ; business case ; Business Ethics ; Business management ; Business structures ; Causality ; CFP link ; Conceptualization ; Consumer goods industries ; Corporate governance ; Corporate responsibility ; corporate social performance ; Corporate social responsibility ; CSP ; Data analysis ; Datasets ; Earnings per share ; Econometrics ; Education ; empirical ; Empirical research ; Environmental management ; Ethics ; Financial performance ; Green businesses ; Hypotheses ; Industry ; Management ; Philosophy ; Professional ethics ; Quality of Life Research ; Research methodology ; Return on assets ; Social responsibility ; Social responsibility of business ; Stockholders
Is Part Of: Journal of business ethics, 2011-10, Vol.103 (2), p.167-188
Description: This study complements previous empirical research on the business case for corporate social responsibility (CSR) by employing hitherto unused data on corporate social performance (CSP) and proposing statistical analyses to account for bi-directional causality between social and financial performance. By allowing for differences in the importance of single components of CSP between industries, the data in this study overcome certain limitations of the databases used in earlier studies.The econometrics employed offer a rigorous way of addressing the problem of endogeneity due to simultaneous causality. Although the study's results provide no evidence that there is a generic or universal business case for CSR, they indicate that there is a strong link between single stakeholder-related issues of CSR and financial performance. However, the analysis does not establish causality within these relationships.
Publisher: Dordrecht: Springer
Language: English
Identifier: ISSN: 0167-4544
EISSN: 1573-0697
DOI: 10.1007/s10551-011-0867-0
CODEN: JBUEDJ
Source: ProQuest One Psychology
Alma/SFX Local Collection
RePEc
ProQuest Central

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Reviewing the Business Case for Corporate Social Responsibility: New Evidence and Analysis

2011 Springer ;Springer Science+Business Media B.V. 2011 ;ISSN: 0167-4544 ;EISSN: 1573-0697 ;DOI: 10.1007/s10551-011-0867-0 ;CODEN: JBUEDJ

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