“…Campbell (2007) provides an institutional theory of CSR and argues that the determinants of CSR include the general financial condition of the firm, the health of the economy, the intensity of competition faced by the firm, institutional factors(including public and private regulations) the presence of non-governmental and other independent organizations, institutionalized norms, associative behavior among corporations, and organized dialogue between corporations and their stakeholders. Archival and experimental studies confirm the role of external factors such as media (including social media) (Grafstrom & Windell, 2011;Lee, Van Dolen, & Kolk, 2013;Lyon & Montgomery, 2013), law (Jackson & Apostolakou, 2010;Shum & Yam, 2011), and politics (Zhao, 2012) as well as the roles of internal factors, such as ownership structure (Oh, Chang, & Martynov, 2011), and manager and owner characteristics, such as attitude (Roxas & Coetzer, 2012) or style (Du, Swaen, Lindgreen, & Sen, 2013). Pedersen and Gwozdz (2014) argue that the inconsistency within (rather than between) stakeholders groups creates pressure for CSR.…”