Corporate responsibility and financial performance: the paradox of social cost
The core idea of corporate social responsibility, the notion that companies have a responsibility beyond legal requirements, is by now deeply embedded in the corporate cultures of the largest U.S. companies. The authors suggest that productive debate now focuses on the following two issues. First, w...
Gespeichert in:
| Hauptverfasser: | , |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
Westport, Conn. u.a.
Quorum Books
1995
|
| Ausgabe: | 1. publ. |
| Schlagworte: | |
| Online-Zugang: | Inhaltsverzeichnis |
| Zusammenfassung: | The core idea of corporate social responsibility, the notion that companies have a responsibility beyond legal requirements, is by now deeply embedded in the corporate cultures of the largest U.S. companies. The authors suggest that productive debate now focuses on the following two issues. First, what are the impacts of existing corporate social responsibility programs for the corporation? And, second, what constitutes the precise contours of this responsibility? This book explores these two themes The issue of how corporate social responsibility affects individual companies engaged in socially responsible activities is not well understood. Further, the distinction between legitimate and illegitimate corporate social responsibility activities has not always been clearly drawn. This book, therefore, is designed to fill in some of the gaps in our understanding. This is done by carefully organizing and reviewing the relevant and growing literature on corporate social responsibility. In addition, this book reports on the results of two original empirical studies designed to further explore the relationship between corporate social responsibility and traditional financial performance. This book has profound implications for business executives and researchers in finance, accounting, business ethics, and business and society |
| Beschreibung: | XII, 176 S. |
| ISBN: | 0899309216 |
Internformat
MARC
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| 520 | 3 | |a The core idea of corporate social responsibility, the notion that companies have a responsibility beyond legal requirements, is by now deeply embedded in the corporate cultures of the largest U.S. companies. The authors suggest that productive debate now focuses on the following two issues. First, what are the impacts of existing corporate social responsibility programs for the corporation? And, second, what constitutes the precise contours of this responsibility? This book explores these two themes | |
| 520 | |a The issue of how corporate social responsibility affects individual companies engaged in socially responsible activities is not well understood. Further, the distinction between legitimate and illegitimate corporate social responsibility activities has not always been clearly drawn. This book, therefore, is designed to fill in some of the gaps in our understanding. This is done by carefully organizing and reviewing the relevant and growing literature on corporate social responsibility. In addition, this book reports on the results of two original empirical studies designed to further explore the relationship between corporate social responsibility and traditional financial performance. This book has profound implications for business executives and researchers in finance, accounting, business ethics, and business and society | ||
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| 650 | 7 | |a Finanças (economia) |2 larpcal | |
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Datensatz im Suchindex
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|---|---|
| adam_text | Contents
Tables ix
Acknowledgments xi
1 Introduction: The Idea of Corporate Social Responsibility 1
I
The Association between Corporate Social
Responsibility and Financial Performance
2 The Paradox of Social Cost 13
3 The Association between Corporate Social Responsibility
and Financial Performance: Methodology and Results 42
II
The Language of Corporate Social Responsibility
4 Annual Reports as a Medium for Voluntarily Signalling and
Justifying Corporate Social Responsibility Activities 59
5 The Language of Corporate Social Responsibility:
Methodology and Results 81
viii Contents
m
The Legitimacy of Corporate Social Responsibility
6 Criteria for Evaluating the Legitimacy of Corporate Social
Responsibility Projects 97
7 Evaluating Specific Social Responsibility Projects 112
8 Corporate Responsibilities beyond an Information
Disclosure Policy 133
9 Conclusions: Ten Propositions about Corporate Social
Responsibility 143
Appendixes
A: Summary of 21 Empirical Studies 155
B. 1: 53 Socially Screened versus Control Firms 161
B.2: 33 Socially Screened versus Control Firms 163
Bibliography 165
Index 173
Tables
2.1 Corporate Social Responsibility and Traditional Financial
Performance: Summary of 21 Empirical Studies —
Principal Findings 21
2.2 Corporate Social Responsibility and Traditional Financial
Performance: Summary of 21 Empirical Studies —
Corporate Social Responsibility Criteria Used 22
2.3 Corporate Social Responsibility and Traditional Financial
Performance: Summary of 21 Empirical Studies —
Financial Performance Criteria Used 22
2.4 Corporate Social Responsibility and Traditional Financial
Performance: Summary of 21 Empirical Studies —
Sample Size 23
2.5 Social Responsibility Screens Used by Nine Mutual Funds 26
3.1 Characteristics of Group 1 and Group 2 Firms 43
3.2 Industry Classifications for Socially Responsible Firms 44
3.3 Market based Measures of Performance Group 1 versus
Group 2, 1985 91 46
3.4 Accounting based Measures of Performance Group 1
versus Group 2,1985 91 47
3.5 Measures of Risk, 1985 91 50
3.6 Other Firm specific Characteristics, 1985 91 52
3.7 Distribution of Industry Rankings of Socially Screened
Firms 53
3.8 Trend Analysis 55
x Tables
4.1 Assumptions Underlying Alternative Hypotheses 72
5.1 Corporate Social Responsibility Activities and Their
Justifications 88
5.2 Corporate Goals 89
|
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| spelling | Pava, Moses L. Verfasser aut Corporate responsibility and financial performance the paradox of social cost Moses L. Pava ; Joshua Krausz 1. publ. Westport, Conn. u.a. Quorum Books 1995 XII, 176 S. txt rdacontent n rdamedia nc rdacarrier The core idea of corporate social responsibility, the notion that companies have a responsibility beyond legal requirements, is by now deeply embedded in the corporate cultures of the largest U.S. companies. The authors suggest that productive debate now focuses on the following two issues. First, what are the impacts of existing corporate social responsibility programs for the corporation? And, second, what constitutes the precise contours of this responsibility? This book explores these two themes The issue of how corporate social responsibility affects individual companies engaged in socially responsible activities is not well understood. Further, the distinction between legitimate and illegitimate corporate social responsibility activities has not always been clearly drawn. This book, therefore, is designed to fill in some of the gaps in our understanding. This is done by carefully organizing and reviewing the relevant and growing literature on corporate social responsibility. In addition, this book reports on the results of two original empirical studies designed to further explore the relationship between corporate social responsibility and traditional financial performance. This book has profound implications for business executives and researchers in finance, accounting, business ethics, and business and society Corporaçòes (administração) larpcal Finanças (economia) larpcal Corporations Finance Social responsibility of business Social responsibility of business Costs Soziale Verantwortung (DE-588)4055737-6 gnd rswk-swf Unternehmen (DE-588)4061963-1 gnd rswk-swf USA (DE-588)4078704-7 gnd rswk-swf USA (DE-588)4078704-7 g Unternehmen (DE-588)4061963-1 s Soziale Verantwortung (DE-588)4055737-6 s DE-604 Krausz, Joshua Verfasser aut HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=006954621&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Pava, Moses L. Krausz, Joshua Corporate responsibility and financial performance the paradox of social cost Corporaçòes (administração) larpcal Finanças (economia) larpcal Corporations Finance Social responsibility of business Social responsibility of business Costs Soziale Verantwortung (DE-588)4055737-6 gnd Unternehmen (DE-588)4061963-1 gnd |
| subject_GND | (DE-588)4055737-6 (DE-588)4061963-1 (DE-588)4078704-7 |
| title | Corporate responsibility and financial performance the paradox of social cost |
| title_auth | Corporate responsibility and financial performance the paradox of social cost |
| title_exact_search | Corporate responsibility and financial performance the paradox of social cost |
| title_full | Corporate responsibility and financial performance the paradox of social cost Moses L. Pava ; Joshua Krausz |
| title_fullStr | Corporate responsibility and financial performance the paradox of social cost Moses L. Pava ; Joshua Krausz |
| title_full_unstemmed | Corporate responsibility and financial performance the paradox of social cost Moses L. Pava ; Joshua Krausz |
| title_short | Corporate responsibility and financial performance |
| title_sort | corporate responsibility and financial performance the paradox of social cost |
| title_sub | the paradox of social cost |
| topic | Corporaçòes (administração) larpcal Finanças (economia) larpcal Corporations Finance Social responsibility of business Social responsibility of business Costs Soziale Verantwortung (DE-588)4055737-6 gnd Unternehmen (DE-588)4061963-1 gnd |
| topic_facet | Corporaçòes (administração) Finanças (economia) Corporations Finance Social responsibility of business Social responsibility of business Costs Soziale Verantwortung Unternehmen USA |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=006954621&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
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