David Bourget (Western Ontario)
David Chalmers (ANU, NYU)
Rafael De Clercq
Jack Alan Reynolds
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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|
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References found in this work BETA
Charles J. Fombrun, Naomi A. Gardberg & Michael L. Barnett (2000). Opportunity Platforms and Safety Nets: Corporate Citizenship and Reputational Risk. Business and Society Review 105 (1):85-106.
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Citations of this work BETA
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.
Hoje Jo & Haejung Na (2012). Does CSR Reduce Firm Risk? Evidence From Controversial Industry Sectors. Journal of Business Ethics 110 (4):441-456.
Mahfuja Malik (2015). Value-Enhancing Capabilities of CSR: A Brief Review of Contemporary Literature. Journal of Business Ethics 127 (2):419-438.
Wenlong Yuan, Yongjian Bao & Alain Verbeke (2011). Integrating CSR Initiatives in Business: An Organizing Framework. [REVIEW] Journal of Business Ethics 101 (1):75 - 92.
Michael Humphreys & Andrew D. Brown (2008). An Analysis of Corporate Social Responsibility at Credit Line: A Narrative Approach. [REVIEW] Journal of Business Ethics 80 (3):403 - 418.
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