Corporate social responsibility and financial performance: A non-linear and disaggregated approach
Author
Abstract
Suggested Citation
DOI: 10.1016/j.econmod.2015.09.019
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Lambertini, Luca & Tampieri, Alessandro, 2015.
"Incentives, performance and desirability of socially responsible firms in a Cournot oligopoly,"
Economic Modelling, Elsevier, vol. 50(C), pages 40-48.
- L. Lambertini & A. Tampieri, 2010. "Corporate Social Responsibility in a Mixed Oligopoly," Working Papers wp723, Dipartimento Scienze Economiche, Universita' di Bologna.
- L. Lambertini & A. Tampieri, 2011. "On the Stability of Mixed Oligopoly Equilibria with CSR Firms," Working Papers wp768, Dipartimento Scienze Economiche, Universita' di Bologna.
- Michael C. Jensen, 2010.
"Value Maximization, Stakeholder Theory, and the Corporate Objective Function,"
Journal of Applied Corporate Finance, Morgan Stanley, vol. 22(1), pages 32-42, January.
- Michael C. Jensen, 2001. "Value Maximization, Stakeholder Theory, And The Corporate Objective Function," Journal of Applied Corporate Finance, Morgan Stanley, vol. 14(3), pages 8-21, September.
- Michael Jensen, 2001. "Value Maximisation, Stakeholder Theory, and the Corporate Objective Function," European Financial Management, European Financial Management Association, vol. 7(3), pages 297-317, September.
- Jensen, Michael C., 2002. "Value Maximization, Stakeholder Theory, and the Corporate Objective Function," Business Ethics Quarterly, Cambridge University Press, vol. 12(2), pages 235-256, April.
- Brammer, Stephen & Brooks, Chris & Pavelin, Stephen, 2009.
"The stock performance of America's 100 Best Corporate Citizens,"
The Quarterly Review of Economics and Finance, Elsevier, vol. 49(3), pages 1065-1080, August.
- Stephen Brammer & Chris Brooks & Stephen Pavelin, 2006. "The Stock Performance of America's 100 Best Corporate Citizens," ICMA Centre Discussion Papers in Finance icma-dp2006-06, Henley Business School, University of Reading.
- Geoffrey Heal, 2005. "Corporate Social Responsibility: An Economic and Financial Framework," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 30(3), pages 387-409, July.
- Constantine Manasakis & Evangelos Mitrokostas & Emmanuel Petrakis, 2013.
"Certification of corporate social responsibility activities in oligopolistic markets,"
Canadian Journal of Economics, Canadian Economics Association, vol. 46(1), pages 282-309, February.
- Constantine Manasakis & Evangelos Mitrokostas & Emmanuel Petrakis, 2013. "Certification of corporate social responsibility activities in oligopolistic markets," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 46(1), pages 282-309, February.
- Constantine Manasakis & Evangelos Mitrokostas & Emmanuel Petrakis, 2011. "Certification of Corporate Social Responsibility Activities in Oligopolistic Markets," Working Papers 1103, University of Crete, Department of Economics.
- Constantine Manasakis & Evangelos Mitrokostas & Emmanuel Petrakis, 2012. "Certification of Corporate Social Responsibility Activities in Oligopolistic Markets," Working Papers 2012/06, Economics Department, Universitat Jaume I, Castellón (Spain).
- Harwood, Ian & Humby, Stuart & Harwood, Audrey, 2011. "On the resilience of Corporate Social Responsibility," European Management Journal, Elsevier, vol. 29(4), pages 283-290, August.
- Leonardo Becchetti & Rocco Ciciretti, 2009.
"Corporate social responsibility and stock market performance,"
Applied Financial Economics, Taylor & Francis Journals, vol. 19(16), pages 1283-1293.
- Leonardo Becchetti & Rocco Ciciretti, 2006. "Corporate Social Responsibility and Stock Market Performance," CEIS Research Paper 79, Tor Vergata University, CEIS, revised 22 Mar 2006.
- Aurora García‐Gallego & Nikolaos Georgantzís, 2009. "Market Effects of Changes in Consumers' Social Responsibility," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 18(1), pages 235-262, March.
- Forest L. Reinhardt & Robert N. Stavins & Richard H. K. Vietor, 2008.
"Corporate Social Responsibility Through an Economic Lens,"
Review of Environmental Economics and Policy, Association of Environmental and Resource Economists, vol. 2(2), pages 219-239, Summer.
- Robert N. Stavins & Forest L. Reinhardt & Richard H. K. Vietor, 2008. "Corporate Social Responsibility Through an Economic Lens," Working Papers 2008.84, Fondazione Eni Enrico Mattei.
- Reinhardt, Forest L. & Stavins, Robert N. & Vietor, Richard H.K., 2008. "Corporate Social Responsibility Through an Economic Lens," RFF Working Paper Series dp-08-12, Resources for the Future.
- Forest L. Reinhardt & Robert N. Stavins & Richard H. K. Vietor, 2008. "Corporate Social Responsibility Through an Economic Lens," NBER Working Papers 13989, National Bureau of Economic Research, Inc.
- Stavins, Robert & Reinhardt, Forest & Vietor, Richard, 2008. "Corporate Social Responsibility through an Economic Lens," Working Paper Series rwp08-023, Harvard University, John F. Kennedy School of Government.
- Cochran, Philip L., 2007. "The evolution of corporate social responsibility," Business Horizons, Elsevier, vol. 50(6), pages 449-454.
- David P. Baron, 2001. "Private Politics, Corporate Social Responsibility, and Integrated Strategy," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 10(1), pages 7-45, March.
- Abagail McWilliams & Donald Siegel, 2000. "Corporate social responsibility and financial performance: correlation or misspecification?," Strategic Management Journal, Wiley Blackwell, vol. 21(5), pages 603-609, May.
- Scott J. Callan & Janet M. Thomas, 2009. "Corporate financial performance and corporate social performance: an update and reinvestigation," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 16(2), pages 61-78, March.
- Becchetti, Leonardo & Palestini, Arsen & Solferino, Nazaria & Elisabetta Tessitore, M., 2014.
"The socially responsible choice in a duopolistic market: A dynamic model of “ethical product” differentiation,"
Economic Modelling, Elsevier, vol. 43(C), pages 114-123.
- Leonardo Becchetti & Arsen Palestini & Nazaria Solferino & M.Elisabetta Tessitore, 2013. "The Socially Responsible Choice in a Duopolistic Market: a Dynamic Model of "Ethical Product" Differentiation," CEIS Research Paper 268, Tor Vergata University, CEIS, revised 29 Mar 2013.
- Kopel, Michael & Brand, Björn, 2012. "Socially responsible firms and endogenous choice of strategic incentives," Economic Modelling, Elsevier, vol. 29(3), pages 982-989.
- Robert G. Eccles & George Serafeim & Michael P. Krzus, 2011. "Market Interest in Nonfinancial Information," Journal of Applied Corporate Finance, Morgan Stanley, vol. 23(4), pages 113-127, December.
- Robert G. Eccles & Michael P. Krzus & George Serafeim, 2011. "Market Interest in Nonfinancial Information," Harvard Business School Working Papers 12-018, Harvard Business School.
- Forest L. Reinhardt & Robert N. Stavins, 2010. "Corporate social responsibility, business strategy, and the environment," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 26(2), pages 164-181, Summer.
- Abagail McWilliams & Donald S. Siegel & Patrick M. Wright, 2006. "Corporate Social Responsibility: Strategic Implications," Journal of Management Studies, Wiley Blackwell, vol. 43(1), pages 1-18, January.
- Paul R. Portney, 2008. "The (Not So) New Corporate Social Responsibility: An Empirical Perspective," Review of Environmental Economics and Policy, Association of Environmental and Resource Economists, vol. 2(2), pages 261-275, Summer.
- Philipp Schreck, 2011. "Reviewing the Business Case for Corporate Social Responsibility: New Evidence and Analysis," Journal of Business Ethics, Springer, vol. 103(2), pages 167-188, October.
- Jiao, Yawen, 2010. "Stakeholder welfare and firm value," Journal of Banking & Finance, Elsevier, vol. 34(10), pages 2549-2561, October.
- Mark Bagnoli & Susan G. Watts, 2003. "Selling to Socially Responsible Consumers: Competition and The Private Provision of Public Goods," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 12(3), pages 419-445, September.
- Constantine Manasakis & Evangelos Mitrokostas & Emmanuel Petrakis, 2014. "Strategic Corporate Social Responsibility Activities and Corporate Governance in Imperfectly Competitive Markets," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 35(7), pages 460-473, October.
- Alan Gregory & Julie Whittaker, 2013. "Exploring the Valuation of Corporate Social Responsibility—A Comparison of Research Methods," Journal of Business Ethics, Springer, vol. 116(1), pages 1-20, August.
- Michael L. Barnett & Robert M. Salomon, 2012. "Does it pay to be really good? addressing the shape of the relationship between social and financial performance," Strategic Management Journal, Wiley Blackwell, vol. 33(11), pages 1304-1320, November.
- Amir Barnea & Amir Rubin, 2010. "Corporate Social Responsibility as a Conflict Between Shareholders," Journal of Business Ethics, Springer, vol. 97(1), pages 71-86, November.
- Louise Ellis & Claire Bastin, 2011. "Corporate social responsibility in times of recession: Changing discourses and implications for policy and practice," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 18(5), pages 294-305, September.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Jae-Joon Han & Hyun Jeong Kim & Jeongmin Yu, 2016. "Empirical study on relationship between corporate social responsibility and financial performance in Korea," Asian Journal of Sustainability and Social Responsibility, Springer, vol. 1(1), pages 61-76, December.
- Patricia Crifo & Vanina D. Forget, 2015.
"The Economics Of Corporate Social Responsibility: A Firm-Level Perspective Survey,"
Journal of Economic Surveys, Wiley Blackwell, vol. 29(1), pages 112-130, February.
- Patricia Crifo & Vanina Forget, 2014. "The Economics of Corporate Social Responsibility: A Firm Level Perspective Survey," Post-Print hal-01410617, HAL.
- Lambertini, Luca & Tampieri, Alessandro, 2015.
"Incentives, performance and desirability of socially responsible firms in a Cournot oligopoly,"
Economic Modelling, Elsevier, vol. 50(C), pages 40-48.
- L. Lambertini & A. Tampieri, 2010. "Corporate Social Responsibility in a Mixed Oligopoly," Working Papers wp723, Dipartimento Scienze Economiche, Universita' di Bologna.
- L. Lambertini & A. Tampieri, 2011. "On the Stability of Mixed Oligopoly Equilibria with CSR Firms," Working Papers wp768, Dipartimento Scienze Economiche, Universita' di Bologna.
- Planer-Friedrich, Lisa & Sahm, Marco, 2017. "Strategic corporate social responsibility," BERG Working Paper Series 124, Bamberg University, Bamberg Economic Research Group.
- Ben Lahouel, Béchir & Ben Zaied, Younes & Managi, Shunsuke & Taleb, Lotfi, 2022. "Re-thinking about U: The relevance of regime-switching model in the relationship between environmental corporate social responsibility and financial performance," Journal of Business Research, Elsevier, vol. 140(C), pages 498-519.
- Lisa Planer-Friedrich & Marco Sahm, 2017. "Strategic Corporate Social Responsibility," CESifo Working Paper Series 6506, CESifo.
- Arturo Garcia & Mariel Leal & Sang-Ho Lee, 2021.
"Competitive CSR in a strategic managerial delegation game with a multiproduct corporation,"
International Review of Economics, Springer;Happiness Economics and Interpersonal Relations (HEIRS), vol. 68(3), pages 301-330, September.
- Garcia, Arturo & Leal, Mariel & Lee, Sang-Ho, 2020. "Competitive CSR in a strategic managerial delegation game with a multiproduct corporation," MPRA Paper 104431, University Library of Munich, Germany, revised 2020.
- Mariana Cunha & Filipa Mota, 2020. "Coordinated Effects of Corporate Social Responsibility," Journal of Industry, Competition and Trade, Springer, vol. 20(4), pages 617-641, December.
- Andaluz, J. & Elsadany, A.A. & Jarne, G., 2023. "Dynamic behavior in a Cournot duopoly with social responsibility," Chaos, Solitons & Fractals, Elsevier, vol. 172(C).
- Bardos, Katsiaryna Salavei & Ertugrul, Mine & Gao, Lucia Silva, 2020. "Corporate social responsibility, product market perception, and firm value," Journal of Corporate Finance, Elsevier, vol. 62(C).
- Luciano Fanti & Domenico Buccella, 2020. "Pareto-Superiority of Corporate Social Responsibility in Unionised Industries," Arthaniti: Journal of Economic Theory and Practice, , vol. 19(2), pages 131-150, December.
- Marion Dupire & Bouchra M’Zali, 2018. "CSR Strategies in Response to Competitive Pressures," Journal of Business Ethics, Springer, vol. 148(3), pages 603-623, March.
- Luca Lambertini & Arsen Palestini & Alessandro Tampieri, 2016. "CSR in an Asymmetric Duopoly with Environmental Externality," Southern Economic Journal, John Wiley & Sons, vol. 83(1), pages 236-252, July.
- AMBASHI Masahito, 2023. "How are Organizational Architectures of Corporate Social Responsibility Related to Corporate Performance? The case of Japanese listed companies," Discussion papers 23030, Research Institute of Economy, Trade and Industry (RIETI).
- Lisa Planer-Friedrich & Marco Sahm, 2020. "Strategic corporate social responsibility, imperfect competition, and market concentration," Journal of Economics, Springer, vol. 129(1), pages 79-101, January.
- Kopel, Michael & Lamantia, Fabio, 2018. "The persistence of social strategies under increasing competitive pressure," Journal of Economic Dynamics and Control, Elsevier, vol. 91(C), pages 71-83.
- Luciano Fanti & Domenico Buccella, 2017. "Corporate social responsibility, profits and welfare with managerial firms," International Review of Economics, Springer;Happiness Economics and Interpersonal Relations (HEIRS), vol. 64(4), pages 341-356, December.
- Gupta, Kartick & Krishnamurti, Chandrasekhar, 2021. "Corporate social responsibility, competition, and firm value," Pacific-Basin Finance Journal, Elsevier, vol. 68(C).
- Luciano Fanti & Domenico Buccella, 2018. "Corporate Social Responsibility and Managerial Bonus Systems," Italian Economic Journal: A Continuation of Rivista Italiana degli Economisti and Giornale degli Economisti, Springer;Società Italiana degli Economisti (Italian Economic Association), vol. 4(2), pages 349-365, July.
- Gangi, Francesco & Meles, Antonio & Monferrà, Stefano & Mustilli, Mario, 2020. "Does corporate social responsibility help the survivorship of SMEs and large firms?," Global Finance Journal, Elsevier, vol. 43(C).
More about this item
Keywords
Corporate financial performance; Corporate social performance; Environmental social governance disclosure score; Governance;All these keywords.
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:ecmode:v:52:y:2016:i:pb:p:400-407. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/inca/30411 .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.