When do Firms Invest in Corporate Social Responsibility? A Real Option Framework

In this paper, the process for firms to decide whether or not to invest in corporate social responsibility is treated from a real option perspective. We extend the Husted (J Bus Ethics 60:175–183, 2005) framework with an important extra parameter that allows us to understand the timing of CSR invest...

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Bibliographic Details
Authors: Cassimon, Danny (Author) ; Engelen, Peter-Jan (Author) ; Van Liedekerke, Luc (Author)
Format: Electronic Article
Language:English
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Published: Springer 2016
In: Journal of business ethics
Year: 2016, Volume: 137, Issue: 1, Pages: 15-29
Further subjects:B M14
B CSR
B G31
B Reputational risk
B K42
B G13
B D81
B Real options
B Optimal timing
B Stakeholder Management
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