Csr rating agencies: What is their global impact? [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 94 (1):69 - 88 (2010)
In the last two decades, there has been a pronounced growth of CSR rating agencies that assess corporations based on their social and environmental performance. This article investigates the impact of CSR ratings on the behavior of individual corporations. To what extent do corporations adjust their behavior based on how they rank? Our primary finding is that being dropped from a CSR ranking appears to do little to encourage firms to acknowledge and address problems related to their social and environmental performance. Specific rankings appear not to have a widespread effect of influencing firms to acknowledge negative CSR events and publicly present plans and actions to address them. Whether firms are well or poorly ranked, they appear to focus on and publicly discuss their “positive” CSR activities. We discuss the wider significance of these results as well as the overall significance of CSR rankings for a global economy.
|Keywords||corporate behavior corporate social performance corporate social responsibility CSR ratings rating agencies SRI sustainability|
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References found in this work BETA
J. Griffin & Mahon John (1997). The Corporate Social Performance and Corporate Financial Performance Debate: 25 Years ofIncomparable ReseaarchJ. Business and Society 1:73-75.
James E. Mattingly & Shawn L. Berman (2006). Measurement of Corporate Social Action Discovering Taxonomy in the Kinder Lydenburg Domini Ratings Data. Business and Society 45 (1):20-46.
W. Gary Simpson & Theodor Kohers (2002). The Link Between Corporate Social and Financial Performance: Evidence From the Banking Industry. [REVIEW] Journal of Business Ethics 35 (2):97 - 109.
Dilek Cetindamar (2007). Corporate Social Responsibility Practices and Environmentally Responsible Behavior: The Case of the United Nations Global Compact. [REVIEW] Journal of Business Ethics 76 (2):163 - 176.
Citations of this work BETA
Ye Cai, Hoje Jo & Carrie Pan (2012). Doing Well While Doing Bad? CSR in Controversial Industry Sectors. Journal of Business Ethics 108 (4):467 - 480.
Mohamed Chelli & Yves Gendron (2013). Sustainability Ratings and the Disciplinary Power of the Ideology of Numbers. Journal of Business Ethics 112 (2):187-203.
Giacomo Manetti & Simone Toccafondi (2012). The Role of Stakeholders in Sustainability Reporting Assurance. Journal of Business Ethics 107 (3):363-377.
John Smith, Ros Haniffa & Jenny Fairbrass (2011). A Conceptual Framework for Investigating 'Capture' in Corporate Sustainability Reporting Assurance. Journal of Business Ethics 99 (3):425 - 439.
John Smith, Ros Haniffa & Jenny Fairbrass (2011). A Conceptual Framework for Investigating ‘Capture’ in Corporate Sustainability Reporting Assurance. Journal of Business Ethics 99 (3):425-439.
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