CORPORATE RESPONSIBILITY AND FINANCIAL PERFORMANCE: THE ROLE OF INTANGIBLE RESOURCES

被引：1326

作者：

Surroca, Jordi ^{[1
]}

Tribo, Josep A. ^{[1
]}

Waddock, Sandra ^{[2
]}

机构：

[1] Univ Carlos III Madrid, Dept Business Adm, Madrid 28903, Spain

[2] Boston Coll, Carroll Sch Management, Chestnut Hill, MA 02167 USA

来源：

STRATEGIC MANAGEMENT JOURNAL | 2010年 / 31卷 / 05期

关键词：

corporate social responsibility; financial performance; intangible resources; stakeholder theory; RESEARCH-AND-DEVELOPMENT; SOCIAL-RESPONSIBILITY; ORGANIZATIONAL CULTURE; STAKEHOLDER MANAGEMENT; FIRM PERFORMANCE; ENVIRONMENTAL TECHNOLOGIES; COMPETITIVE ADVANTAGE; IMPACT; VIEW; REPUTATION;

D O I：

10.1002/smj.820

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper examines the effects of a firm's intangible resources in mediating the relationship between corporate responsibility and financial performance. We hypothesize that previous empirical findings of a positive relationship between social and financial performance may be spurious because the researchers failed to account for the mediating effects of intangible resources. Our results indicate that there is no direct relationship between corporate responsibility and financial performance merely an indirect relationship that relies on the mediating effect of a firm's intangible resources. We demonstrate our theoretical contention with the use of a database comprising 599 companies from 28 countries. Copyright (C) 2009 John Wiley & Sons, Ltd.

引用

页码：463 / 490

页数：28

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