Corporate social responsibility in a competitive business environment
Publikation: Working paper › Forskning
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Corporate social responsibility in a competitive business environment. / Newman, Carol; Rand, John; Tarp, Finn; Trifkovic, Neda.
Helsinki, Finland : UNU-WIDER, 2016.Publikation: Working paper › Forskning
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TY - UNPB
T1 - Corporate social responsibility in a competitive business environment
AU - Newman, Carol
AU - Rand, John
AU - Tarp, Finn
AU - Trifkovic, Neda
N1 - JEL classification: O12, O14, O35, O53
PY - 2016
Y1 - 2016
N2 - Using a specially designed survey instrument in combination with a representative sample of Vietnamese enterprises, we explore firm-level efficiency effects of corporate social responsibility. We find a positive relationship between adoption of corporate social responsibility initiatives and firm efficiency, and reveal that the impact is stronger for firms in non-competitive industries. Moreover, we show that local community focused corporate social responsibility initiatives drive the aggregate effect. This suggests that socially responsible actions by firms are likely to pay-off when stakeholder engagement has a localized focus. We provide evidence of reciprocity by showing that employees accept a lower share of additionally generated value added in exchange for working in a company that signals ‘good’ corporate values.
AB - Using a specially designed survey instrument in combination with a representative sample of Vietnamese enterprises, we explore firm-level efficiency effects of corporate social responsibility. We find a positive relationship between adoption of corporate social responsibility initiatives and firm efficiency, and reveal that the impact is stronger for firms in non-competitive industries. Moreover, we show that local community focused corporate social responsibility initiatives drive the aggregate effect. This suggests that socially responsible actions by firms are likely to pay-off when stakeholder engagement has a localized focus. We provide evidence of reciprocity by showing that employees accept a lower share of additionally generated value added in exchange for working in a company that signals ‘good’ corporate values.
KW - Faculty of Social Sciences
KW - O12
KW - O14
KW - O35
KW - O53
M3 - Working paper
SN - 978-92-9256-050-8
T3 - UNU WIDER Working Paper Series
BT - Corporate social responsibility in a competitive business environment
PB - UNU-WIDER
CY - Helsinki, Finland
ER -
ID: 158214477