“…Lee, Park, Rapert, and Newman () highlight that these perceptions are crucial in the relationship between companies and consumers, to the extent that such relations can be compromised if companies do not engage in appropriate CSR activities (Lacey et al, ). In addition, according to the signalling theory (Spence, ), companies that carry out appropriate socially responsible activities signal positive characteristics to consumers, inducing a belief that the company is honest and trustworthy (e.g., Dentchev & Heene, ; Galbreath, ; Herbig & Milewicz, ; Lin‐Hi & Blumberg, ; Turban & Greening, ). When these positive signals are meaningful to consumers, positive perceptions and evaluations about the firm are fostered (Odriozola & Baraibar‐Diez, ; Reverte, ), thereby enhancing CR (Alniacik et al, ).…”