The corporate social performance - Financial performance link

被引:328
作者
Waddock, SA
Graves, SB
机构
关键词
corporate social performance; social responsibility; financial performance; management quality;
D O I
10.1002/(SICI)1097-0266(199704)18:4<303::AID-SMJ869>3.3.CO;2-7
中图分类号
F [经济];
学科分类号
02 [经济学];
摘要
Strategic managers are consistently faced with the decision of how to allocate scarce corporate resources in an environment that is placing more and more pressures on them. Recent scholarship in strategic management suggests that many of these pressures come directly from sources associated with social issues in management, rather than traditional arenas of strategic management. Using a greatly improved source of data on corporate social performance, this paper reports the results of a rigorous study of the empirical linkages between financial and social performance. Corporate social performance (CSP) is found to be positively associated with prior financial performance, supporting the theory that slack resource availability and CSP are positively related. CSP is also found to be positively associated with future financial performance, supporting the theory that good management and CSP are positively related. (C) 1997 by John Wiley & Sons, Ltd.
引用
收藏
页码:303 / 319
页数:17
相关论文
共 45 条
[1]
ABBOTT WF, 1979, ACAD MANAGE J, V22, P501, DOI 10.5465/255740
[2]
ALEXANDER GJ, 1978, ACAD MANAGE J, V21, P479, DOI 10.5465/255728
[3]
[Anonymous], RES CORPORATE SOCIAL
[4]
[Anonymous], 1986, RATING AM CORPORATE
[5]
[Anonymous], CALIFORNIA MANAGEMEN
[6]
Aupperle K. E., 1991, RES CORPORATE SOCIAL, V12, P269
[7]
AUPPERLE KE, 1985, ACAD MANAGE J, V28, P446, DOI 10.5465/256210
[8]
BARTLETT CA, 1994, HARVARD BUS REV, V72, P79
[9]
STRATEGIC POSTURE TOWARD CORPORATE SOCIAL-RESPONSIBILITY [J].
BOWMAN, EH ;
HAIRE, M .
CALIFORNIA MANAGEMENT REVIEW, 1975, 18 (02) :49-58
[10]
CORPORATE COMMUNITY INVOLVEMENT IN THE SAN-FRANCISCO BAY AREA [J].
BURKE, L ;
LOGSDON, JM ;
MITCHELL, W ;
REINER, M ;
VOGEL, D .
CALIFORNIA MANAGEMENT REVIEW, 1986, 28 (03) :122-141