2019
DOI: 10.2139/ssrn.3507416
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Corporate Social Responsibility as Obligated Internalisation of Social Costs

Abstract: This is a repository copy of Corporate social responsibility as obligated internalisation of social costs.

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Cited by 10 publications
(15 citation statements)
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References 51 publications
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“…However, studies also show that consumers do not put much value on luxury brands’ sustainable efforts (Bhattacharya and Sen 2004 ; Ehrich and Irwin 2005 ). This poses a problem: if consumers do not appreciate sustainable practices of luxury brands, luxury brands’ investment in various sustainable practices will eventually become an extra cost without payback, threatening their bottom lines (Johnston et al 2019 ). Our research has attempted to address this issue in a cross-cultural context.…”
Section: Discussionmentioning
confidence: 99%
“…However, studies also show that consumers do not put much value on luxury brands’ sustainable efforts (Bhattacharya and Sen 2004 ; Ehrich and Irwin 2005 ). This poses a problem: if consumers do not appreciate sustainable practices of luxury brands, luxury brands’ investment in various sustainable practices will eventually become an extra cost without payback, threatening their bottom lines (Johnston et al 2019 ). Our research has attempted to address this issue in a cross-cultural context.…”
Section: Discussionmentioning
confidence: 99%
“…Future research can investigate whether CSR concerns or weaknesses are more strongly correlated with bolted‐on CSR initiatives rather than built‐in CSR initiatives. Similarly, since political spending has been found to be correlated to negative environmental ratings for firms (Johnston et al., 2019), it would be interesting to see how our measure of bolted‐on versus built‐in CSR initiatives associates with the political spending landscape. Future research can explore this issue along with various other variables that may be strongly correlated with CSR performance.…”
Section: Discussionmentioning
confidence: 99%
“…This makes the distinction of bolted‐on versus built‐in CSR a promising conceptual contribution to the literature. Firm’s that engage in CSR initiatives to address institutional voids (i.e., providing education, infrastructure, and other goods and services) are more likely to engage in bolted‐on CSR (Johnston et al., 2019) as such activities are more likely to be removed from the firm’s strategic core. Built‐in CSR initiatives are the strategic approach to generate reputation that reflects the core strategy of a firm (Dowling & Moran, 2012).…”
Section: Relevant Literaturementioning
confidence: 99%
“…In this regard, Johnston et al. (2019) argue that “The quest to address the social costs arising from business activities is at the heart of the corporate social responsibility (CSR) movement,” and propose that “Corporations should be subject to a legal obligation to identify and internalize their social costs or negative externalities.”…”
Section: Introductionmentioning
confidence: 99%
“…Hotels often generate economic benefits for the local community in which they operate; however, they can also generate social costs that should be properly addressed. In this regard, Johnston et al (2019) argue that "The quest to address the social costs arising from business activities is at the heart of the corporate social responsibility (CSR) movement," and propose that "Corporations should be subject to a legal obligation to identify and internalize their social costs or negative externalities." Thus, under this fundamental idea, companies should act responsibly toward interested stakeholders and behave ethically toward society as a whole (Andrews, 1987;Carroll, 1979;Frederick, 1978;Sethi, 1975).…”
Section: Introductionmentioning
confidence: 99%