The natural-resource-based view of the firm suggests that there are benefits associated with voluntary disclosure of its corporate social responsibility (CSR) activities, in that this signals quality of management, as well as the quality of the firm's financial strategy, to its investors. With increased demand for transparency of firm activities, this assertion needs re-examination. We examine the effects of governance, environmental and social responsibility performance on the firm, and find moderate support for CSR disclosure increasing firm value. However, only the disclosure of social responsibility scores was associated with higher levels of firm value, as measured by Tobin's q. This relationship was positively moderated by the extent to which a firm was consumer facing. These findings suggest that strategic engagement in social responsibility, rather than merely sponsoring environmental initiatives, contributes to increasing firm value through CSR.
The rapid adoption and growth of cloud computing is creating unprecedented change in the manner in which IT services are procured, managed, and deployed. Cloud computing is forcing firms to rethink traditional IT governance practices while raising new and fundamental questions for scholars and practitioners. This paper identifies the major areas of change and highlights governance issues that arise with the adoption of cloud computing. The focus of this paper is on the organizational impact on IT governance under cloud computing. The paper posits (1) that successful IT departments under cloud computing will transform into new roles that address internal customer‐facing issues and external cloud‐facing issues, (2) firms that mitigate information asymmetry under cloud computing will show higher firm performance, and (3) firms that offer superior cloud‐sourced IT service attributes of internal prices, quality, variety, and competition in the cloud will show higher firm performance.
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