Measuring Corporate Social Responsibility and Impact: Enhancing Quantitative Research Design and Methods in Business and Society Research

Crane, Andrew; Henriques, Irene; Husted, Bryan W.; Matten, Dirk

doi:10.1177/0007650317713267

Cited by 53 publications

(54 citation statements)

References 36 publications

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“…Previous regression studies often involve endogeneity issues that are not always acknowledged and addressed. This may lead to imprecise and distorted parameter estimation (Hamilton and Nickerson, ; Crane et al ., ). Garcia‐Castro et al .…”

Section: Literature Reviewmentioning

confidence: 97%

Corporate Sustainable Development. Revisiting the Relationship between Corporate Social Responsibility Dimensions

Sidhoum¹,

Serra

2017

Sustainable Development

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With rising stakeholder concerns over sustainable development, corporate social responsibility (CSR) has become key for the business community, moving the business model beyond financial performance to a new voluntary paradigm based on natural resource conservation, social welfare, stakeholder engagement and economic performance. This article aims to answer whether profitable business is compatible with balanced sustainability by investigating the relationship between the economic, social, environmental and governance performance for a sample of global firms. A canonical vine (C‐vine) copula is used for this purpose. Results show the existence of a fairly strong positive relationship between economic, social and environmental performance. The corporate governance dimension is shown to have a weak relationship with the rest of the CSR dimensions. Important policy implications are derived from these results. Copyright © 2017 John Wiley & Sons, Ltd and ERP Environment

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Section: Literature Reviewmentioning

confidence: 97%

Corporate Sustainable Development. Revisiting the Relationship between Corporate Social Responsibility Dimensions

Sidhoum¹,

Serra

2017

Sustainable Development

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“…Numerous studies have considered the relationship between CSP and financial performance over the past several decades (Crane et al, 2017; Margolis & Walsh, 2003; Wang, Dou, & Jia, 2016). While some have questioned the theoretical foundations of such a relationship in light of conceptual confusion surrounding the CSP construct itself (Rowley & Berman, 2000), most studies consider CSP a coherent construct that represents the aggregate accumulation over time (Barnett, 2007) of “a company’s actions that appear to further some social good, beyond the interests of the company itself” (McWilliams & Siegel, 2001, p. 117).…”

Section: Theory and Hypothesis Developmentmentioning

confidence: 99%

“…Given that both CSP and internationalization are important issues for firms, this is a relevant question—but one to which we thus far lack answers. Although the extensive body of research on the performance effects of CSP has generated mixed results (Crane, Henriques, Husted, & Matten, 2017), scholars generally agree that CSP not only comes at a cost to the firm (Fisher-Vanden & Thorburn, 2011; Gao & Slawinski, 2015; Wang & Bansal, 2012) but can also generate benefits that may offset or even exceed those costs (Flammer, 2015; Kacperczyk, 2009; Margolis & Walsh, 2003; Servaes & Tamayo, 2013). Such performance-enhancing benefits have been explained, for example, through mechanisms such as reduced costs of contracting (Jones, 1995), consumers’ increased willingness to pay (McWilliams & Siegel, 2001), enhanced reputation (Brammer & Millington, 2005), and stakeholder influence capacity (Barnett, 2007).…”

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confidence: 99%

When Does Corporate Social Performance Pay for International Firms?

Muller

2018

Business & Society

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How does corporate social performance (CSP) affect financial performance as the firm expands internationally? To address this question, I integrate arguments from the International Business (IB) literature and the literature on CSP to propose that the costs and benefits associated with CSP are unevenly distributed across the range of internationalization. Specifically, I argue that the costs of CSP outweigh the benefits at low levels of internationalization, while the benefits outweigh the costs at high levels of internationalization, leading to a moderated, U-shaped relationship. In addition, I disentangle CSP's effects further by distinguishing between "do-good" CSP and "dono-harm" CSP, which have been theorized to evoke different stakeholder perceptions and attributions and can thus be expected to harbor different performance effects across the range of internationalization. Analysis of a panel of 1,056 U.S.-based international firms over the period 1995-2012 lends support to these arguments.

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“…Although we now have the luxury of large data sets with corporate social responsibility (CSR) ratings of different sorts, such data can become a bit monotonous as it limits the kinds of questions that can be asked using the indicators in the data set. The most exciting articles often involve working with new data, either qualitative or quantitative, that provide new methods to measure social impact (Crane, Henriques, Husted, & Matten, 2017a) or unusual insights into the conversations in which the business and society field is engaged. So, although the large, publicly available data sets are safer in terms of the assured quality of the data, new data, often gathered with painstaking effort, can often provide the greatest impact.…”

Section: How To Find a Best Article?mentioning

confidence: 99%

What Makes For an Exemplary Contribution? Introducing the Business & Society Best Article Award

Bakker¹,

Crane²,

Henriques³

et al. 2018

Business & Society

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These days, major journals in business and management studies increasingly draw our attention to "grand challenges" (Ferraro, Etzion, & Gehman, 2015;George, Howard-Grenville, Joshi, & Tihanyi, 2016) defined as "specific critical barrier(s) that, if removed, would help solve an important societal problem with a high likelihood of global impact through widespread implementation" (George et al., 2016(George et al., , p. 1881. Often these challenges stretch beyond what was traditionally seen as the domain of business and management studies, incorporating attention for interactions between business and society on issues such as climate change (

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Measuring Corporate Social Responsibility and Impact: Enhancing Quantitative Research Design and Methods in Business and Society Research

Cited by 53 publications

References 36 publications

Corporate Sustainable Development. Revisiting the Relationship between Corporate Social Responsibility Dimensions

Corporate Sustainable Development. Revisiting the Relationship between Corporate Social Responsibility Dimensions

When Does Corporate Social Performance Pay for International Firms?

What Makes For an Exemplary Contribution? Introducing the Business & Society Best Article Award

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