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Differential Economic Impacts of Corporate Responsibility Issues

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Corporate Social Responsibility Reporting Corporate Social Responsibility and Sustainability Corporate Identity and Reputation

Abstract

The study examined whether there are systematic differences in the economic impacts of different corporate responsibility issues and found that the content of corporate responsibility does have an effect on economic impact. Economic impacts were more positive for corporate responsibility issues that reduce negative externalities than for those that generate positive externalities and more positive as well as for issues whose outcome benefits market stakeholders rather than nonmarket stakeholders.

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2010Strategic management a stakeholder approach 1995Toward a New Conception of the Environment-Competitiveness Relationship 2007The Social Responsibility of Business Is to Increase Its Profits 1997Toward a Theory of Stakeholder Identification and Salience: Defining the Principle of who and What Really Counts 1995The Stakeholder Theory of the Corporation: Concepts, Evidence, and Implications 2003Corporate Social and Financial Performance: A Meta-Analysis 2003Misery Loves Companies: Rethinking Social Initiatives by Business 1991Ethical Decision Making by Individuals in Organizations: An Issue-Contingent Model

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