David Bourget (Western Ontario)
David Chalmers (ANU, NYU)
Rafael De Clercq
Ezio Di Nucci
Jack Alan Reynolds
Learn more about PhilPapers
Journal of Business Ethics 95 (4):571 - 601 (2010)
This study examines whether corporate social responsibility (CSR) towards primary stakeholders influences the financial and the non-financial performance (NFP) of Indian firms. Perceptual data on CSR and NFP were collected from 150 senior-level Indian managers including CEOs through questionnaire survey.Hard data on financial performance (FP) of the companies were obtained from secondary sources. A questionnaire for assessing CSR was developed with respect to six stakeholder groups - employees, customers, investors, community, natural environment, and suppliers. A composite measure of CSR was obtained by aggregating the six dimensions. Findings indicate that stock-listed firms show responsible business practices and better FP than the non-stock-listed firms. Controlling confounding effects of stock-listing, ownership, and firm size, a favorable perception of managers towards CSR is found to be associated with increase in FP and NFP of firms.Such findings hold good when CSR is assessed for the six stakeholder groups in aggregate and for each stakeholder group in segregate. Findings suggest that responsible business practices towards primary stakeholders can be profitable and beneficial to Indian firms
|Keywords||corporate social responsibility financial performance non-financial performance|
|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
Daniel W. Greening & Daniel B. Turban (2000). Corporate Social Performance as a Competitive Advantage in Attracting a Quality Workforce. Business and Society 39 (3):254-280.
J. Griffin & Mahon John (1997). The Corporate Social Performance and Corporate Financial Performance Debate: 25 Years ofIncomparable ReseaarchJ. Business and Society 1:73-75.
Geoff Moore (2001). Corporate Social and Financial Performance: An Investigation in the U.K. Supermarket Industry. [REVIEW] Journal of Business Ethics 34 (3-4):299 - 315.
Wendy Chapple & Jeremy Moon (2005). Corporate Social Responsibility (CSR) in Asia A Seven-Country Study of CSR Web Site Reporting. Business and Society 44 (4):415-441.
Moses L. Pava & Joshua Krausz (1996). The Association Between Corporate Social-Responsibility and Financial Performance: The Paradox of Social Cost. [REVIEW] Journal of Business Ethics 15 (3):321 - 357.
Citations of this work BETA
Mahfuja Malik (2015). Value-Enhancing Capabilities of CSR: A Brief Review of Contemporary Literature. Journal of Business Ethics 127 (2):419-438.
James Weber & Jeffrey Gladstone (2014). Rethinking the Corporate Financial-Social Performance Relationship: Examining the Complex, Multistakeholder Notion of Corporate Social Performance. Business and Society Review 119 (3):297-336.
Damodar Suar & Jyotiranjan Gochhayat (forthcoming). Influence of Biological Sex and Gender Roles on Ethicality. Journal of Business Ethics.
Vikrant Shirodkar, Eshani Beddewela & Ulf Henning Richter (forthcoming). Firm-Level Determinants of Political CSR in Emerging Economies: Evidence From India. Journal of Business Ethics.
Mukesh K. Biswas & Damodar Suar (forthcoming). Antecedents and Consequences of Employer Branding. Journal of Business Ethics.
Similar books and articles
Lisa Papania, Daniel M. Shapiro & John Peloza (2008). Social Impact as a Measure of Fit Between Firm Activities and Stakeholder Expectations. International Journal of Business Governance and Ethics 4 (1):3.
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.
Lisa Whitehouse (2006). Corporate Social Responsibility: Views From the Frontline. [REVIEW] Journal of Business Ethics 63 (3):279 - 296.
Marta de La Cuesta-González, María Jesús Muñoz-Torres & María Ángeles Fernández-Izquierdo (2006). Analysis of Social Performance in the Spanish Financial Industry Through Public Data. A Proposal. Journal of Business Ethics 69 (3):289 - 304.
Hae-Ryong Kim, Moonkyu Lee, Hyoung-Tark Lee & Na-Min Kim (2010). Corporate Social Responsibility and Employee—Company Identification. Journal of Business Ethics 95 (4):557 - 569.
Roy W. Smolens Jr & Nicolaas Tempelhof (2005). Cultural Perspectives of CSR Opportunities for German Firms in Poland. International Corporate Responsibility Series 2:259-283.
Hoje Jo & Maretno A. Harjoto (2012). The Causal Effect of Corporate Governance on Corporate Social Responsibility. Journal of Business Ethics 106 (1):53-72.
Liangrong Zu & Lina Song (2009). Determinants of Managerial Values on Corporate Social Responsibility: Evidence From China. [REVIEW] Journal of Business Ethics 88 (1):105 - 117.
Michael L. Barnett (2005). Stakeholder Influence Capacity and the Variability of Financial Returns to Corporate Social Responsibility. Proceedings of the International Association for Business and Society 16:287-292.
Adam Lindgreen, Valérie Swaen & Wesley J. Johnston (2009). Corporate Social Responsibility: An Empirical Investigation of U.S. Organizations. [REVIEW] Journal of Business Ethics 85 (2):303 - 323.
Added to index2010-02-15
Total downloads113 ( #35,512 of 1,911,814 )
Recent downloads (6 months)6 ( #116,720 of 1,911,814 )
How can I increase my downloads?