STAKEHOLDER MISMATCHING: A THEORETICAL PROBLEM IN EMPIRICAL RESEARCH ON CORPORATE SOCIAL PERFORMANCE

1995 ◽  
Vol 3 (3) ◽  
pp. 229-267 ◽  
Author(s):  
Donna J. Wood ◽  
Raymond E. Jones
Keyword(s):  
Empirical Research ◽  
Corporate Social Performance ◽  
Social Performance ◽  
Theoretical Problem ◽  
Corporate Social

Nature and relationship between corporate social performance and firm size: a cross-national study

2019 ◽  
Vol 15 (2) ◽  
pp. 258-274 ◽  
Author(s):  
Foo Nin Ho ◽  
Hui-Ming Deanna Wang ◽  
Nga Ho-Dac ◽  
Scott J. Vitell
Keyword(s):  
Empirical Research ◽  
Firm Size ◽  
Economies Of Scale ◽  
Corporate Social Performance ◽  
Social Performance ◽  
The Body ◽  
National Study ◽  
Content Type ◽  
Corporate Social ◽  
The Relationship

Purpose Firm size has been identified as one of the most important correlates with corporate social performance (CSP). Both conceptual and empirical research has been done to try to explicate and determine this relationship; however, the results from both theoretical and empirical research have indicated a mixed and sometimes inconsistent relationship because of endogeneity between firm size and CSP. This paper aims to add to the body of knowledge by identifying and addressing some of the limitations in determining the relationship between firm size and CSP. Design/methodology/approach Using the Arellano–Bond method to control for the endogeneity, this study tests the relationship between CSP and firm size using a panel of 380 public companies of various sizes; in various industry types; and across 19 countries in North America, Europe and Asia over a six-year period. Findings The results of the study show that firm size positively influences CSP and its subcomponents when endogeneity has been controlled for. Research limitations/implications This study lends support for the theory of the firm framework that CSP attributes are embedded in the production process that leads to higher economies of scale, and the resource-based view of firms where firms that possess valuable and inimitable resources in CSR can lead to a sustainable competitive advantage over competitors. This suggests that as firms grow in size, they can leverage their resources to achieve greater economies of scale that will lead to better CSP over time. Originality/value This study addresses the potential endogeneity problem between firm size and CSP and offers a broader testing context.

Corporate Social Performance: A Review of Empirical Research Examining the Corporation–Society Relationship Using Kinder, Lydenberg, Domini Social Ratings Data

2015 ◽  
Vol 56 (6) ◽  
pp. 796-839 ◽  
Author(s):  
James E. Mattingly
Keyword(s):  
Stock Returns ◽  
Empirical Research ◽  
Corporate Social Performance ◽  
Social Performance ◽  
Empirical Studies ◽  
Theory Development ◽  
Top Management Teams ◽  
Future Research ◽  
Institutional Pressures ◽  
Corporate Social

This article reviews empirical research of corporate social performance (CSP) using Kinder, Lydenberg, Domini (KLD) social ratings data through 2011. The review synthesizes 100 empirical studies, noting consistencies and inconsistencies among studies examining similar constructs. Notable consistencies were that, although accounting measures of financial performance were a positive outcome of CSP, the same was not often true of stock returns. Also, demographics of top management teams (TMTs) increased CSP strengths, but did not reduce concerns, whereas organizational decentralization reduced CSP concerns. Notable inconsistencies were that CEO demographics were not as often related to CSP as were TMT demographics, indicating that managerial discretion may be an important mitigating factor shaping managerial effects on CSP. Also, although CSP for some organizations seemed influenced by institutional pressures, other organizations appeared to be less influenced, perhaps suggesting that some organizations are more able than others to resist institutional pressures. Future research should attempt to probe observed consistencies and inconsistencies, and to test the boundaries of observed relationships, toward a disciplined program of middle-range theory development.

Corporate Social Performance and Investment Decision

2017 ◽  
Vol 18 (1) ◽  
pp. 9-44
Author(s):  
Doocheol Moon ◽  
Seungwha Chung ◽  
Hyunjung Choi
Keyword(s):  
Corporate Social Performance ◽  
Social Performance ◽  
Investment Decision ◽  
Corporate Social

A Special-Purpose Taxonomy of Corporate Social Performance Concepts

2001 ◽  
Vol 1 (1) ◽  
pp. 42-72 ◽  
Author(s):  
Brett A. Stone
Keyword(s):  
Mutual Fund ◽  
Corporate Social Performance ◽  
Social Issues ◽  
Social Performance ◽  
Socially Responsible ◽  
Fund Managers ◽  
Responsible Investing ◽  
Research Areas ◽  
Socially Responsible Mutual Funds ◽  
Corporate Social

The first iteration of a nonstatic special-purpose taxonomy of corporate social performance concepts is developed from a mailed, self-administered survey completed by managers of U.S. socially responsible mutual funds. The study combines the traditionally disparate research areas of Corporate Social Performance and Socially Responsible Investing. As a partial update of Rockness and Williams (1988), a descriptive account is presented of what mutual fund managers regard as the social issues that constitute corporate social performance. The resulting taxonomy represents an empirically derived framework useful in considering social accounting in general and accounting standard setting in particular.

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