An Examination of Business Students' Perception of Corporate Social Responsibilities Before and After Bankruptcies

Significant research has found that corporations have a social responsibility beyond maximizing shareholders' value. This study examines the effect of high-profile corporate bankruptcies on perception of corporate social responsibility. Undergraduate and graduate business students rated the imp...

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Bibliographic Details
Main Author: Elias, Rafik Z. (Author)
Format: Electronic Article
Language:English
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Published: Springer 2004
In: Journal of business ethics
Year: 2004, Volume: 52, Issue: 3, Pages: 267-281
Further subjects:B Social Responsibility
B Business Ethics
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Description
Summary:Significant research has found that corporations have a social responsibility beyond maximizing shareholders' value. This study examines the effect of high-profile corporate bankruptcies on perception of corporate social responsibility. Undergraduate and graduate business students rated the importance of corporate social responsibility on profitability, long-term success and short-term success, before and after high-profile bankruptcies. The results indicated that students in general perceived corporate social responsibility to be more important to profitability and long-term success of the firm and less important to short-term success after media publicity of corporate scandals. Several demographic factors such as gender, age and college major played a role in this perception. These findings have important implications for business education, especially as it relates to corporate social responsibility.
ISSN:1573-0697
Contains:Enthalten in: Journal of business ethics
Persistent identifiers:DOI: 10.1023/B:BUSI.0000037558.74693.d5