The association between corporate social-responsibility and financial performance: The paradox of social cost [Book Review]
David Bourget (Western Ontario)
David Chalmers (ANU, NYU)
Rafael De Clercq
Jack Alan Reynolds
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Journal of Business Ethics 15 (3):321 - 357 (1996)
It is generally assumed that common stock investors are exclusively interested in earning the highest level of future cash-flow for a given amount of risk. This view suggests that investors select a well-diversified portfolio of securities to achieve this goal. Accordingly, it is often assumed that investors are unwilling to pay a premium for corporate behavior which can be described as socially-responsible.Recently, this view has been under increasing attack. According to the Social Investment Forum, at least 538 institutional investors now allocate funds using social screens or criteria. In addition, Alice Tepper Marlin, president of the New York-based Council on Economic Priorities has recently estimated that about $600 billion of invested funds are socially-screened (1992).
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Citations of this work BETA
Duygu Turker (2009). How Corporate Social Responsibility Influences Organizational Commitment. Journal of Business Ethics 89 (2):189 - 204.
Supriti Mishra & Damodar Suar (2010). Does Corporate Social Responsibility Influence Firm Performance of Indian Companies? Journal of Business Ethics 95 (4):571 - 601.
Güler Aras & David Crowther (2009). Corporate Sustainability Reporting: A Study in Disingenuity? [REVIEW] Journal of Business Ethics 87 (1):279 - 288.
Maria-Gaia Soana (2011). The Relationship Between Corporate Social Performance and Corporate Financial Performance in the Banking Sector. Journal of Business Ethics 104 (1):133-148.
Silvana Signori (2009). Ethical (Sri) Funds in Italy: A Review. Business Ethics 18 (2):145-164.
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