Saridakis, C orcid.org/0000-0001-8088-1722, Angelidou, S and Woodside, AG (2023) How historical and social aspirations reshape the relationship between corporate financial performance and corporate social responsibility. Journal of Business Research, 157. 113553. ISSN 0148-2963
Abstract
Integrating the behavioral theory of the firm into the discussion on why firms behave in socially responsible ways, the study here develops and empirically tests hypotheses articulating when and how past corporate financial performance (CFP) might lead to more or less engagement in corporate social responsibility (CSR). Rather than treating historical and social aspirations as comparable performance benchmarks that yield similar behavioral responses, as most prior studies do, these two modes of performance comparison may induce signals that executives interpret differently, and therefore may lead to conflicting firm responses towards CSR initiatives. Using panel data pertaining to a large sample of U.S. firms, the study finds that historical and social performance comparisons have differential effects on CSR engagement. The findings describe how different interpretations of achievement influence firm’s engagement in secondary activities concerning environmental and social issues—a topic that has received very little attention in prior empirical research.
Metadata
Item Type: | Article |
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Authors/Creators: |
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Copyright, Publisher and Additional Information: | © 2022 Elsevier Inc. All rights reserved. This is an author produced version of a article published in Journal of Business Research. Uploaded in accordance with the publisher's self-archiving policy. |
Keywords: | Corporate social responsibility; Historical aspirations; Performance benchmarks; Social aspirations |
Dates: |
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Institution: | The University of Leeds |
Academic Units: | The University of Leeds > Faculty of Business (Leeds) > Marketing Division (LUBS) |
Depositing User: | Symplectic Publications |
Date Deposited: | 05 Jan 2023 08:58 |
Last Modified: | 27 Jun 2024 00:13 |
Status: | Published |
Publisher: | Elsevier |
Open Archives Initiative ID (OAI ID): | oai:eprints.whiterose.ac.uk:194325 |