<scp>An Empirical Analysis of the Strategic Use of Corporate Social Responsibility</scp>

Siegel, Donald S.; Vitaliano, Donald F.

doi:10.1111/j.1530-9134.2007.00157.x

Cited by 586 publications

(156 citation statements)

References 22 publications

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“…Being viewed as a signal of such reliability and honesty, CSR can be used as a form of product differentiation to establish or sustain brand loyalty (Siegel & Vitaliano, 2007). Previous empirical studies have documented that CSR contributes to product differentiation (Boehe & Cruz, 2010;Siegel & Vitaliano, 2007).…”

Section: Hypothesis 1 There Is a Positive Relationship Between Csr Amentioning

confidence: 99%

“…leverage, being a proxy for firm risk, operationalized as a firm's total debt divided by its total assets (Inoue & Lee, 2011;Waddock & Graves, 1997); firm size, operationalized as the natural log of the total number of employees (Arora & Dharwadkar, 2011); firm age, measured by number of years the firm had been in business (Galbreath, 2010); sales growth, computed as the ratio of increase in sales in current period over last period to sales in last period (Siegel & Vitaliano, 2007); management remuneration, measured by the natural log of the sum of the compensation of the top three highest paid senior managers (Mahoney & Thorn, 2006 suggests that multicollinearity is not a concern in this study.…”

Section: Control Variablesmentioning

confidence: 99%

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Corporate social responsibility and financial performance: The roles of government intervention and market competition

Long

et al. 2019

Corp Soc Responsibility Env

154

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Incorporating instrumental and political views of corporate social responsibility (CSR), this study examines the relationship between CSR and corporate financial performance in China's unique institutional context, which is featured by the coexistence of a strong government and a transitional market economy. Our results show that (a) CSR positively affects financial performance, (b) state ownership weakens the relationship between CSR and financial performance, and (c) industry competition strengthens the relationship between CSR and financial performance for both state‐owned and non‐state‐owned firms. This study reveals that, although both an instrumental view and a political view of CSR are applicable in China, the motivation to create economic benefits for firms dominates, and market competition increases the strategic use of CSR.

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Section: Hypothesis 1 There Is a Positive Relationship Between Csr Amentioning

confidence: 99%

Section: Control Variablesmentioning

confidence: 99%

Corporate social responsibility and financial performance: The roles of government intervention and market competition

Long

et al. 2019

Corp Soc Responsibility Env

154

View full text Add to dashboard Cite

show abstract

“…In fact, investors have grown up with the ability to connect sustainability performance with corporate performance, using the first as a key criterion for making and leaving investments [120]. From the point of view of institutional investors, investing in socially responsible businesses is the first way to signal potential clients their engagement in sustainability issues; this is also a way to diversify their services from those of the competitors [126]. At the same time, institutional investors in possession of a significant percentage of shares may be unable to easily divest themselves of them in the short term without causing a considerable reduction in the stock price.…”

Section: The Governance Of Sustainabilitymentioning

confidence: 99%

Sustainability and Convergence: The Future of Corporate Governance Systems?

2016

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In today's world, a sustainable approach to corporate governance can be a source of competitive advantage and a long-term success factor for any firm. Sustainable governance requires that the board of directors considers economic, social and environmental expectations in an integrated way, no matter what ownership structure and formal rules of corporate governance apply to the company: this mitigates the traditional differences between insider and outsider systems of corporate governance. Previous studies failed to consider the contribution of sustainability in the process of corporate governance convergence. Therefore, the aim of this article is to fill the gap in the existing literature by means of a qualitative analysis, supporting the international debate about convergence of corporate governance systems. The article describes the evolution of outsider and insider systems in the light of the increasing importance of sustainability in the board's decision-making and firm's operation to satisfy the needs of all the company's stakeholders. According to this, a qualitative content analysis developed with a directed approach completes the theoretical discussion, demonstrating that sustainability can bring de facto convergence between outsider and insider corporate governance systems. The article aims to be a theoretical starting point for future research, the findings of which could also have practical implications: the study encourages the policy makers to translate the sustainable business best practices into laws and recommendations, strengthening the mutual influence between formal and substantial convergence.

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“…This study examines how customer loyalty can be enhanced through and environment issues signal honesty and reliability (Tian, Wang, & Yang, 2011). Customers are willing to buy more from such a company, and recommend the company to other people (McWilliams & Siegel, 2001;Siegel & Vitaliano, 2007).…”

Section: Discussionmentioning

confidence: 99%

The impact of corporate social responsibility on customer loyalty: A case for two global corporations in China

Liu

Rahman

2017

Strategic Change

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Corporate social responsibility (CSR) initiatives have differential impact on developing customer loyalty in the context of two leading international sportswear companies operating in China. Academic interest in CSR in China has grown over the years. The findings suggest a relatively strong impact of CSR dimensions (e.g., workplace, marketplace, and environment support) and other related attributes (e.g., price, product quality, and uniqueness) on developing customer loyalty in China. There are regional differences in China in relation to customers’ CSR perceptions and the likelihood of being influenced by a company’s CSR initiatives.

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An Empirical Analysis of the Strategic Use of Corporate Social Responsibility

Abstract: We thank Joshua Intriligator and Jennifer Silverstein for capable research assistance.

Cited by 586 publications

References 22 publications

Corporate social responsibility and financial performance: The roles of government intervention and market competition

Corporate social responsibility and financial performance: The roles of government intervention and market competition

Sustainability and Convergence: The Future of Corporate Governance Systems?

The impact of corporate social responsibility on customer loyalty: A case for two global corporations in China

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