Exploringthe Relationship Between Corporate Social Performance and Employer Attractiveness

Backhaus, Kristin; Stone, Brett A.; Heiner, Karl W.

doi:10.1177/0007650302041003003

Cited by 596 publications

(555 citation statements)

References 68 publications

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“…The results of previous research indicate that CSR initiatives can revive or strengthen the differentiation of products in the market [28], refine aspects of efficiency in process costs [29,30], attract better human capital [31,32], and improve other intangible assets, such as business reputation [33].…”

Section: Literature Reviewmentioning

confidence: 99%

Financial Performance of Socially Responsible Firms: The Short- and Long-Term Impact

2017

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Abstract:The pressure of society for firms to adopt socially responsible behavior is evident. Yet, Corporate Social Responsibility (CSR) needs an economic justification. In response to this, there exists a comprehensive literature that analyzes the possible relation between social and business financial performance. During the last decade, the literature has been heading toward the carrying out of dynamic studies as researches find that the relationship between social and financial performance is not static. The purpose of this work is to analyze the relevance for the financial performance of Spanish listed firms of maintaining their responsible behavior. To do so, we carry out a comparison between two analyses-one cross-sectional, and the other longitudinal-to be able to conclude whether or not adopting responsible criteria makes a difference in business financial performance in the short and long-term. Some of the results obtained in the cross-sectional study are consolidated in the long-term study. In this sense, responsible firms exhibit a higher systematic risk and have greater size. As a conclusion, be responsible does not mean less stock profitability or a lower business result. It certainly contributes to firms continuing to voluntarily incorporate good corporate social responsibility practices into their business models. What is more, these results support the governmental policies and initiatives that bolster corporate social responsibility.

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Section: Literature Reviewmentioning

confidence: 99%

Financial Performance of Socially Responsible Firms: The Short- and Long-Term Impact

2017

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“…It is the continuing commitment by business to behave ethically and contribute to economic development together with uplifting the quality of life of employees and their families as of the local community at large (WBCSD, 1999) In many diverse perspectives, CSR has been considered as a mainstream of competitive advantages. CSR has shown explanatory power in business performance for example attractiveness to prospective employees (Backhaus et al, 2002), corporate reputation , and customer relation (Becker-Olsen et al, 2006). By interviewing stakeholders, Dentchev (2004) found great support to positive effect to relationship with employees, customers, government agents, and community.…”

Section: Theoretical Background and Hypothesis Developmentmentioning

confidence: 99%

Does Geographical Proximity Affect Corporate Social Responsibility? Evidence from U.S. Market

Boeprasert¹

2012

IBR

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Corporate Social Responsibility is considered as a key corporate agenda in recent years. This study examines the relation between geographical proximity to metropolitan areas and corporate social responsibility. Methodologically, sample firms are classified by their distance to top-metropolitan area of Census 2010. Corporate social responsibility follows scoring system, which has been developed by the notable KLD Research & Analytics. Based on the samples from U.S. listed firms, the results support the main hypothesis that firm locating further from metropolitan areas tends to commit greater degree of social responsibility than those locating nearby top-metropolitan areas. Social responsible activities are exploited as a mean to alleviate information asymmetry and agency conflict rose from a distance. Besides, further investigation shows that the results above are potentially explained by some attributes of corporate social responsibility. These results are important to academic field because they show that the extent of any non-financial corporate activity, i.e. corporate social responsibility, can be explained by its geographical background.

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“…Intangible assets such as management quality and reputation now account for 80% of the market value of an average US company, compared with only 17% in 1975 (40). In addition, firms with positive environmental profiles appear more attractive to highquality prospective employees (41)(42)(43). They have also been found to retain a more satisfied and productive labor force (44-47).…”

Section: Unpacking the Business Case For The Environmental Reporting mentioning

confidence: 99%

Improving global environmental management with standard corporate reporting

Kareiva

McNally

McCormick

et al. 2015

Proc. Natl. Acad. Sci. U.S.A.

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Multinational corporations play a prominent role in shaping the environmental trajectory of the planet. The integration of environmental costs and benefits into corporate decision-making has enormous, but as yet unfulfilled, potential to promote sustainable development. To help steer business decisions toward better environmental outcomes, corporate reporting frameworks need to develop scientifically informed standards that consistently consider land use and land conversion, clean air (including greenhouse gas emissions), availability and quality of freshwater, degradation of coastal and marine habitats, and sustainable use of renewable resources such as soil, timber, and fisheries. Standardization by itself will not be enough-also required are advances in ecosystem modeling and in our understanding of critical ecological thresholds. With improving ecosystem science, the opportunity for realizing a major breakthrough in reporting corporate environmental impacts and dependencies has never been greater. Now is the time for ecologists to take advantage of an explosion of sustainability commitments from business leaders and expanding pressure for sustainable practices from shareholders, financial institutions, and consumers.corporate sustainability | ESG reporting | natural capital | ecosystem services | multinational corporations

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Exploringthe Relationship Between Corporate Social Performance and Employer Attractiveness

Cited by 596 publications

References 68 publications

Financial Performance of Socially Responsible Firms: The Short- and Long-Term Impact

Financial Performance of Socially Responsible Firms: The Short- and Long-Term Impact

Does Geographical Proximity Affect Corporate Social Responsibility? Evidence from U.S. Market

Improving global environmental management with standard corporate reporting

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