David Bourget (Western Ontario)
David Chalmers (ANU, NYU)
Rafael De Clercq
Jack Alan Reynolds
Learn more about PhilPapers
Journal of Business Ethics 60 (2):175 - 183 (2005)
The relationship of corporate social responsibility to risk management has been treated sporadically in the business society literature. Using real options theory, I develop the notion of corporate social responsibility as a real option its implications for risk management. Real options theory allows for a strategic view of corporate social responsibility. Specifically, real options theory suggests that corporate social responsibility should be negatively related to the firm’s ex ante downside business risk.
|Keywords||corporate social responsibility real options risk management|
|Categories||categorize this paper)|
Setup an account with your affiliations in order to access resources via your University's proxy server
Configure custom proxy (use this if your affiliation does not provide a proxy)
|Through your library|
References found in this work BETA
No references found.
Citations of this work BETA
Daniel J. Slater & Heather R. Dixon-Fowler (2009). Ceo International Assignment Experience and Corporate Social Performance. Journal of Business Ethics 89 (3):473 - 489.
Ker-Tah Hsu (2012). The Advertising Effects of Corporate Social Responsibility on Corporate Reputation and Brand Equity: Evidence From the Life Insurance Industry in Taiwan. [REVIEW] Journal of Business Ethics 109 (2):189-201.
Timo Busch & Volker H. Hoffmann (2009). Ecology-Driven Real Options: An Investment Framework for Incorporating Uncertainties in the Context of the Natural Environment. [REVIEW] Journal of Business Ethics 90 (2):295 - 310.
Hoje Jo & Haejung Na (2012). Does CSR Reduce Firm Risk? Evidence From Controversial Industry Sectors. Journal of Business Ethics 110 (4):441-456.
Maretno A. Harjoto & Hoje Jo (forthcoming). Legal Vs. Normative CSR: Differential Impact on Analyst Dispersion, Stock Return Volatility, Cost of Capital, and Firm Value. Journal of Business Ethics.
Similar books and articles
Peter deMaCarty (2005). Equal Financial Returns of Corporate Social Responsibility and Irresponsibility. Proceedings of the International Association for Business and Society 16:99-104.
Kor Grit (2004). Corporate Citizenship: How to Strengthen the Social Responsibility of Managers? [REVIEW] Journal of Business Ethics 53 (1-2):97-106.
Gerard I. J. M. Zwetsloot (2003). From Management Systems to Corporate Social Responsibility. Journal of Business Ethics 44 (2-3):201 - 207.
John M. T. Balmer, Kyoko Fukukawa & Edmund R. Gray (2007). The Nature and Management of Ethical Corporate Identity: A Commentary on Corporate Identity, Corporate Social Responsibility and Ethics. [REVIEW] Journal of Business Ethics 76 (1):7 - 15.
Junwei Shi, Haiyan Fu & Lijun Hu (2007). Social Responsibility, Social Capital, and Corporate Competitive Advantage in Transitional China. International Corporate Responsibility Series 3:377-394.
Céline Kermisch (2012). Risk and Responsibility: A Complex and Evolving Relationship. Science and Engineering Ethics 18 (1):91-102.
Jacob Dahi Rendtorff (2007). The Idea of Corporate Social Responsibility. The Proceedings of the Twenty-First World Congress of Philosophy 1:111-117.
Jacob Dahl Rendtorff (2009). Responsibility, Ethics, and Legitimacy of Corporations. International Specialized Book Services [Distributor].
Joseph Heath & Wayne Norman (2004). Stakeholder Theory, Corporate Governance and Public Management: What Can the History of State-Run Enterprises Teach Us in the Post-Enron Era? Journal of Business Ethics 53 (3):247-265.
Ordo-responsibility : conceptual reflections towards A. semantic innovation (2008). Founding Business Ethics and (Corporate) Social Responsibility. Adela Cortina / Corporate Social Responsibility and Business Ethics; Karl Homann / Profit and Morality in Global Responsibility; Markus Beckmann and Ingo Pies. In Jesús Conill Sancho, Christoph Luetge & Tatjana Schó̈nwälder-Kuntze (eds.), Corporate Citizenship, Contractarianism and Ethical Theory: On Philosophical Foundations of Business Ethics. Ashgate Pub. Company.
Added to index2009-01-28
Total downloads53 ( #33,920 of 1,139,819 )
Recent downloads (6 months)7 ( #28,662 of 1,139,819 )
How can I increase my downloads?