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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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.
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.
Hoje Jo & Haejung Na (2012). Does CSR Reduce Firm Risk? Evidence From Controversial Industry Sectors. Journal of Business Ethics 110 (4):441-456.
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