Equal gains and pains? Analyzing corporate financial performance for industrial corporate social performance leaders and laggards

Hyun, Soonchul; Kim, Jong Min; Liu, Ying

doi:10.1016/j.jbusres.2022.113414

Cited by 5 publications

(6 citation statements)

References 96 publications

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“…These results provide a fresh perspective for understanding users’ civic conduct in OICs. The findings of this study are consistent with the work of Gander [ 47 ] and Hyun et al [ 70 ], which proposes that perceived organizational status affects employee contribution and behavior. Additionally, Kaur et al [ 33 ] have argued that unequal status can lead to value destruction.…”

Section: Discussionsupporting

confidence: 92%

Navigating Value Co-Destruction in Open Innovation Communities: An Empirical Study of Expectancy Disconfirmation and Psychological Contracts in Business Analytics Communities

Daradkeh

2023

Behavioral Sciences

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Enterprises seeking to enhance their innovation capabilities are increasingly turning to open innovation communities (OICs), which allow them to leverage the collective knowledge and collaborative potential of external users, providing a powerful source of new and innovative ideas. Despite their potential for value co-creation, recent research suggests that value co-destruction can also occur within OICs. However, the mechanisms underlying value co-destruction in OICs have not yet been fully explored or empirically examined. To address this gap, this study employs expectancy disconfirmation theory and psychological contract theory to investigate the relationship between user expectancy disconfirmation and value co-destruction in OICs. Drawing upon data collected from a questionnaire survey of business analytics OICs, this study reveals that self-interest expectancy disconfirmation has a positive effect on value co-destruction, which is mediated by the transactional psychological contract breach. In addition, social interaction expectancy disconfirmation is found to have a positive impact on value co-destruction, which is mediated by the relational psychological contract breach. The study further reveals that self-worth expectancy disconfirmation of community users positively influences value co-destruction, which is mediated by the ideological psychological contract breach. Moreover, the study demonstrates the crucial role of perceived organizational status in moderating the ideological psychological contract breach resulting from self-worth expectancy disconfirmation. Collectively, these findings contribute valuable insights into the phenomenon of value co-destruction in OICs, and provide practical guidance for enterprises seeking to enhance the development and performance of these innovation paradigms.

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Section: Discussionsupporting

confidence: 92%

Navigating Value Co-Destruction in Open Innovation Communities: An Empirical Study of Expectancy Disconfirmation and Psychological Contracts in Business Analytics Communities

Daradkeh

2023

Behavioral Sciences

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“…Conversely, others [45,46] advocate an inverted U-shaped relationship, indicating that CSR positively relates to CFP up to an optimal level, beyond which further CSR efforts harm CFP [45,47]. More interestingly, a few recent studies [48,49] have found a positive but non-linear CSR-CFP relationship.…”

Section: Literature Reviewmentioning

confidence: 99%

Sustainable Strategies: Navigating Corporate Social Responsibility and Irresponsibility for Enlightened Self-Interest

Kim,

Liu

2024

Sustainability

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As firms increasingly engage in both corporate social responsibility (CSR) and irresponsibility (CSIR) activities, this study expands the traditional question “does it pay to do more CSR?” to explore the less-studied question “does it pay to do less CSIR?”. We employ stakeholder theory and expectancy disconfirmation theory to outline three sustainable strategies for firms to financially benefit (enlightened self-interest) from CSR/CSIR activities: proactive strategy (increasing CSR, or doing more good), rectification strategy (reducing CSIR, or doing less bad), and aggressive strategy (increasing CSR while reducing CSIR, or doing more good and less bad). Our research objective is to evaluate the financial viability of different CSR/CSIR strategies. We hypothesize that the rectification strategy will surpass the proactive approach, while anticipating that the aggressive strategy will emerge as the most financially advantageous. Our dataset consists of 12,567 firm-year observations (3422 firms) spanning 1994 to 2013, and we conduct rigorous analyses to evaluate these strategies. The findings reveal that the rectification strategy surpasses the proactive strategy, with the aggressive strategy emerging as the most advantageous. The study contributes theoretically and offers managerial insights into these results.

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“…Literature has observed a shift only from the CSR–CSP–financial performance link (Campopiano et al ., 2023) to the association between CSP and environmental components (Torrent-Sellens et al ., 2023), business sustainability links (Aftab et al ., 2022), peers’ common goals or cross-ownerships (Xiang et al ., 2022; Fu, 2023) and behavioural outcomes to heterogeneous stakeholders groups and private investors social accountability requirements (Chourou et al ., 2022; Rouault and Albertini, 2022). Various other green or product innovations and practices (Nord et al ., 2022; Fu, 2023), supply chain sustainability links (Acquah et al ., 2020), and the role of hybrid organizations (Maine et al ., 2022), business innovations with the help of technology (Rodríguez-Espíndola et al ., 2022), and use of several dynamic capabilities’ models have been identified in the last few years (Peng et al ., 2023; Hyun et al ., 2023). In recent years, a major focus of these studies has been measuring resource effectiveness and utilization, value co-creation, and emergence to achieve social sustainability and business performance.…”

Section: Review Of Literature Involving Cspmentioning

confidence: 99%

“…Similarly, legitimacy theory and knowledge spillover theory describe how focal firms can learn from peers about coping with uncertainty and legitimacy issues involving CSP (Tang et al, 2019). This association was further explored to understand managers' motives to legitimate a firm's actions and consider stakeholders' interests through their social actions, using agency theory and integrative social contracts theory (Sila, 2018;Hyun et al, 2023). Organizational learning and practice-based view theories, on the other hand, discuss a firm's motivation to break the status quo and explore the firm's capabilities in improving CSP using a comprehensive framework of learning theory, sustainability link, life cycle theory and dynamic capabilities theory (Calic and Ghasemaghaei, 2021;Fu, 2023).…”

Section: To Answer Rq2mentioning

confidence: 99%

Evolution and assessment of corporate social performance through the lens of top category journals: a theoretical structural analysis

Singh

Kumar

2023

JAMR

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PurposeThe purpose of this study is to conduct a systematic review of the literature of the studies that have examined several theoretical perspectives on corporate social performance (CSP) and identify possible future research questions based on various theoretical viewpoints.Design/methodology/approachThe study used systematic literature review analysis on a sample of 667 studies published in top A* and A category journals listed in the Australian Business Dean Council list. The present study derived articles between 1975 and 2023 from the SCOPUS database by using relevant keywords to identify research activities in CSP.FindingsThe findings suggest that many studies on CSP have been undertaken globally. But there is a lack of studies on various theoretical perspectives, including peer uncertainty evaluation, buyer–supplier sustainability links, the role of primary stakeholders (especially consumers, employees, suppliers and secondary stakeholders), the use of technology, firm-related heterogeneities, and the role of demographic and socio-economic factors. Future research areas are recommended.Research limitations/implicationsThe study investigates existing research gaps to identify possible future research questions and frameworks that can be explored to advance the research on CSP.Practical implicationsThe research also provides implications for firms in terms of understanding diverse theoretical perspectives to develop strategies to improve a firm’s social performance.Originality/value The findings are derived from a systematic review of the literature in top-category studies that examined existing theories and frameworks in the CSP domain. This highlights the importance of other understudied complementary theories, such as complexity theory, spillover theory, critical mass theory, slack theory and so on, and related variables that can improve a firm’s social performance. Evaluation of existing theoretical perspectives is not included in other review studies.

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Equal gains and pains? Analyzing corporate financial performance for industrial corporate social performance leaders and laggards

Cited by 5 publications

References 96 publications

Navigating Value Co-Destruction in Open Innovation Communities: An Empirical Study of Expectancy Disconfirmation and Psychological Contracts in Business Analytics Communities

Navigating Value Co-Destruction in Open Innovation Communities: An Empirical Study of Expectancy Disconfirmation and Psychological Contracts in Business Analytics Communities

Sustainable Strategies: Navigating Corporate Social Responsibility and Irresponsibility for Enlightened Self-Interest

Evolution and assessment of corporate social performance through the lens of top category journals: a theoretical structural analysis

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