Predicting corporate social responsiveness: A model drawn from three perspectives

Most studies of corporate social responsiveness (CSR) focus on the relationship between CSR and profit. Here, we use three perspectives (institutional theory, economic theory and agency theory) to explain CSR. Industry norms, market share and indicators of management reputation predict variance in C...

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Bibliographic Details
Authors: Beliveau, Barbara (Author) ; Cottrill, Melville (Author) ; O'Neill, Hugh M. (Author)
Format: Electronic Article
Language:English
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Published: Springer 1994
In: Journal of business ethics
Year: 1994, Volume: 13, Issue: 9, Pages: 731-738
Further subjects:B Agency Theory
B Market Share
B Stock Market
B Economic Theory
B Economic Growth
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Summary:Most studies of corporate social responsiveness (CSR) focus on the relationship between CSR and profit. Here, we use three perspectives (institutional theory, economic theory and agency theory) to explain CSR. Industry norms, market share and indicators of management reputation predict variance in CSR. The combined perspectives improve understanding of both CSR and the CSR-profit relationship in two ways. First, they suggest that CSR levels and their relationship with profit will vary by industry. Second, they suggest that stock market measures and accounting measures will respond differently to CSR measures. Stock market measures lead, while accounting measures lag, CSR.
ISSN:1573-0697
Contains:Enthalten in: Journal of business ethics
Persistent identifiers:DOI: 10.1007/BF00881333