Corporate social and financial performance: An investigation in the U.k. Supermarket industry [Book Review]
David Bourget (Western Ontario)
David Chalmers (ANU, NYU)
Rafael De Clercq
Ezio Di Nucci
Jack Alan Reynolds
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Journal of Business Ethics 34 (3-4):299 - 315 (2001)
The comparison of corporate social performance with corporate financial performance has been a popular field of study over the past 25 years. The results, while broadly conclusive of a positive relationship, are not entirely consistent. In addition, most of the previous studies have concentrated on large-scale cross-industry studies and often with a single variable for corporate social performance, in order to produce statistically significant results. This weakens the richness of understanding that might be obtained from a single industry study with multiple social variables, which would also allow investigation of inter-relationships between individual and sub-sets of social performance measures and between individual and sub-sets of social performance and financial performance measures. There have also been criticisms that the results lack a rigorous theoretical basis, and the paper demonstrates clearly how stakeholder theory must form the basis for this area of research. Following a review of the literature this paper presents the initial findings from a study of the U.K. Supermarket industry which suggest that contemporaneous social and financial performance are negatively related, while prior-period financial performance is positively related with subsequent social performance. Positive relationships between both age and size of the company with social performance are also found.
|Keywords||business-ethics corporate-financial-performance corporate-social-performance corporate-social-responsibility U.K.-supermarkets|
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Citations of this work BETA
Jason Q. Zhang, Hong Zhu & Hung-bin Ding (2013). Board Composition and Corporate Social Responsibility: An Empirical Investigation in the Post Sarbanes-Oxley Era. [REVIEW] Journal of Business Ethics 114 (3):381-392.
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Won Yong Oh, Young Kyun Chang & Aleksey Martynov (2011). The Effect of Ownership Structure on Corporate Social Responsibility: Empirical Evidence From Korea. [REVIEW] Journal of Business Ethics 104 (2):283-297.
Ron Bird, Anthony D. Hall, Francesco Momentè & Francesco Reggiani (2007). What Corporate Social Responsibility Activities Are Valued by the Market? Journal of Business Ethics 76 (2):189 - 206.
Kent Walker & Fang Wan (2012). The Harm of Symbolic Actions and Green-Washing: Corporate Actions and Communications on Environmental Performance and Their Financial Implications. [REVIEW] Journal of Business Ethics 109 (2):227-242.
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