The Missing Link between Corporate Social Responsibility and Financial Performance: Stakeholder Salience and Identification
In this paper, we present a framework for examining the relationship between corporate social responsibility (CSR) and firm financial performance. Ambiguity in empirical studies examining this relationship can be expected given both the ability and motivation of managers to focus their social respon...
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| Published in | Corporate reputation review Vol. 11; no. 2; pp. 169 - 181 |
|---|---|
| Main Authors | , |
| Format | Journal Article |
| Language | English |
| Published |
London
Palgrave Macmillan UK
01.06.2008
Palgrave Macmillan |
| Subjects | |
| Online Access | Get full text |
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| Abstract | In this paper, we present a framework for examining the relationship between corporate social responsibility (CSR) and firm financial performance. Ambiguity in empirical studies examining this relationship can be expected given both the ability and motivation of managers to focus their social responsibility initiatives on stakeholders with power, urgency and legitimacy. By considering the ability of stakeholders to reward or punish the firm based on their evaluations of the firm's activities, our model reconciles previously disparate findings in the relationship between CSR and corporate financial performance. |
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| AbstractList | In this paper, we present a framework for examining the relationship between corporate social responsibility (CSR) and firm financial performance. Ambiguity in empirical studies examining this relationship can be expected given both the ability and motivation of managers to focus their social responsibility initiatives on stakeholders with power, urgency and legitimacy. By considering the ability of stakeholders to reward or punish the firm based on their evaluations of the firm's activities, our model reconciles previously disparate findings in the relationship between CSR and corporate financial performance. [PUBLICATION ABSTRACT] In this paper, we present a framework for examining the relationship between corporate social responsibility (CSR) and firm financial performance. Ambiguity in empirical studies examining this relationship can be expected given both the ability and motivation of managers to focus their social responsibility initiatives on stakeholders with power, urgency and legitimacy. By considering the ability of stakeholders to reward or punish the firm based on their evaluations of the firm's activities, our model reconciles previously disparate findings in the relationship between CSR and corporate financial performance. |
| Author | Papania, Lisa Peloza, John |
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| Keywords | salience identification corporate social responsibility stakeholders financial performance sustainability |
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| Snippet | In this paper, we present a framework for examining the relationship between corporate social responsibility (CSR) and firm financial performance. Ambiguity in... |
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| SubjectTerms | Academic Research Business and Management Corporate Communication/Public Relations Corporate responsibility Decision making Employees Financial performance Influence Legitimacy Management Market segments Marketing Social responsibility Stakeholders Stockholders Studies |
| Title | The Missing Link between Corporate Social Responsibility and Financial Performance: Stakeholder Salience and Identification |
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