David Bourget (Western Ontario)
David Chalmers (ANU, NYU)
Rafael De Clercq
Ezio Di Nucci
Jonathan Jenkins Ichikawa
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
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.
Marc Orlitzky & John D. Benjamin (2001). Corporate Social Performance and Firm Risk: A Meta-Analytic Review. Business and Society 40 (4):369-396.
Jennifer J. Griffin & John F. Mahon (1997). The Corporate Social Performance and Corporate Financial Performance Debate Twenty-Five Years of Incomparable Research. Business and Society 36 (1):5-31.
Lee E. Preston & Douglas P. O’Bannon (1997). The Corporate Social-Financial Performance Relationship. Business and Society 36 (4):419-429.
Ronald M. Roman, Sefa Hayibor & Bradley R. Agle (1999). The Relationship Between Social and Financial Performance Repainting a Portrait. Business and Society 38 (1):109-125.
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.
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.
Wenlong Yuan, Yongjian Bao & Alain Verbeke (2011). Integrating CSR Initiatives in Business: An Organizing Framework. [REVIEW] Journal of Business Ethics 101 (1):75 - 92.
Mahfuja Malik (2015). Value-Enhancing Capabilities of CSR: A Brief Review of Contemporary Literature. Journal of Business Ethics 127 (2):419-438.
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.
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.
Jacob Dahl Rendtorff (2009). Responsibility, Ethics, and Legitimacy of Corporations. International Specialized Book Services [Distributor].
Jacob Dahi Rendtorff (2007). The Idea of Corporate Social Responsibility. The Proceedings of the Twenty-First World Congress of Philosophy 1:111-117.
Céline Kermisch (2012). Risk and Responsibility: A Complex and Evolving Relationship. Science and Engineering Ethics 18 (1):91-102.
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.
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.
Gerard I. J. M. Zwetsloot (2003). From Management Systems to Corporate Social Responsibility. Journal of Business Ethics 44 (2-3):201 - 207.
Kor Grit (2004). Corporate Citizenship: How to Strengthen the Social Responsibility of Managers? [REVIEW] Journal of Business Ethics 53 (1-2):97-106.
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 downloads78 ( #57,454 of 1,934,372 )
Recent downloads (6 months)9 ( #58,780 of 1,934,372 )
How can I increase my downloads?