How Corporate Social Responsibility Engagement Strategy Moderates the CSR–Financial Performance Relationship

Tang, Zhi; Hull, Clyde Eiríkur; Rothenberg, Sandra

doi:10.1111/j.1467-6486.2012.01068.x

Cited by 539 publications

(581 citation statements)

References 101 publications

(228 reference statements)

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“…For these companies, social concerns play an equally important role, along with competitiveness, in driving innovations. This could be a relevant contribution, introducing a further consideration, to the discourse on CSR and competitiveness [65][66][67][68]. While CSR discourse has focused upon a supposed link between CSR and profitability in order to make corporate responsibility more alluring for managers, our findings appear to indicate that, for some, the products' positive impacts on consumers' lives might be as equally alluring as profit.…”

Section: Discussionmentioning

confidence: 74%

Innovating Responsibly in ICT for Ageing: Drivers, Obstacles and Implementation

et al. 2017

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Abstract:Responsible research and innovation (RRI) is a nascent concept, promoted actively by the European Union and other policy makers around the world. Hitherto, this concept has been associated primarily with publicly funded activities but given the considerable proportion of research and innovation that is undertaken in the private sector, RRI will be rendered irrelevant unless it is adopted by industry. This paper introduces a private sector perspective of RRI, specifically that of the information and communication technology (ICT) industry, working in the field of healthy ageing. Drawing upon empirical data from 30 in-depth interviews with key industry representatives from across Europe, it explores: (a) the level of awareness of RRI; (b) the drivers and obstacles influencing its implementation; and (c) the factors deemed vital for facilitation of RRI in industry. The findings paint a varied picture, including significant concerns about adoption of RRI in an industry environment where the economic implications of all activities must be considered carefully. However, some companies have found their own ways to balance financial and altruistic goals, suggesting that there is both a willingness and a place for an RRI-type governance framework within the private sector.

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Section: Discussionmentioning

confidence: 74%

Innovating Responsibly in ICT for Ageing: Drivers, Obstacles and Implementation

et al. 2017

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“…Michelon et al [44] and Tang et al [45] noted that the positive effect of these initiatives on the business performance is stronger, both in market and accounting performance measures, when a firm seeks CSR initiatives that are related with the preferences of its stakeholders. On the other hand, Boesso et al [8] argue the possibility of attaining of financial aims in both the short and the medium term, as they define the strategic approach as a combination of the descriptive approach and the instrumental approach.…”

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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“…However, with survey research, due to its high level of standardization, developing a measurement tool adequate for many types of companies is more problematic. The previous quantitative research that we know of involved narrowly defined industries, very often manufacturing, which amounted to relatively homogeneous samples more suited for statistical analysis, e.g., [80,82,84]. In contrast, this current paper offers questionnaire scales with statistical evidence, implying that the same measurement model could be used in all three industries with similar validity and reliability.…”

Section: Theoretical and Practical Implications Of The Studymentioning

confidence: 90%

Does Business Model Affect CSR Involvement? A Survey of Polish Manufacturing and Service Companies

Witek-Hajduk

Zaborek

2016

Sustainability

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Abstract:The study explores links between types of business models used by companies and their involvement in CSR. As the main part of our conceptual framework we used a business model taxonomy developed by Dudzik and Witek-Hajduk, which identifies five types of models: traditionalists, market players, contractors, distributors, and integrators. From shared characteristics of the business model profiles, we proposed that market players and integrators will show significantly higher levels of involvement in CSR than the three other classes of companies. Among other things, both market players and integrators relied strongly on building own brand value and fostering harmonious supply channel relations, which served as a rationale for our hypothesis. The data for the study were obtained through a combined CATI and CAWI survey on a group of 385 managers of medium and large enterprises. The sample was representative for the three Polish industries of chemical manufacturing, food production, and retailing. Statistical methods included confirmatory factor analysis and one-way ANOVA with contrasts and post hoc tests. The findings supported our hypothesis, showing that market players and integrators were indeed more engaged in CSR than other groups of firms. This may suggest that managers in control of these companies could bolster the integrity of their business models by increasing CSR involvement. Another important contribution of the study was to propose and validate a versatile scale for assessing CSR involvement, which showed measurement invariance for all involved industries.

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How Corporate Social Responsibility Engagement Strategy Moderates the CSR–Financial Performance Relationship

Cited by 539 publications

References 101 publications

Innovating Responsibly in ICT for Ageing: Drivers, Obstacles and Implementation

Innovating Responsibly in ICT for Ageing: Drivers, Obstacles and Implementation

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

Does Business Model Affect CSR Involvement? A Survey of Polish Manufacturing and Service Companies

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