企业社会责任
公司治理
新兴市场
背景(考古学)
政府(语言学)
干系人管理
利益相关者
业务
意外事故
社会责任
市场失灵
产业组织
会计
经济
公共关系
财务
微观经济学
管理
哲学
古生物学
语言学
政治学
生物
作者
Alvaro Cuervo‐Cazurra,Saptarshi Purkayastha,Kannan Ramaswamy
出处
期刊:Organization Science
[Institute for Operations Research and the Management Sciences]
日期:2022-11-29
卷期号:34 (4): 1626-1650
被引量:11
标识
DOI:10.1287/orsc.2022.1639
摘要
Corporate social responsibility (CSR) and its impact on performance have generated a debate that has evolved across several perspectives (shareholder, stakeholder, resource-based, and contingency). Building on the resource-based and contingency perspectives, we shed new light on this debate by analyzing the impact of CSR on performance in emerging market firms, advancing the idea that CSR is a mechanism that helps address market and government failures. We first argue that CSR’s three constituent dimensions (environmental, social, and governance) vary in their impact on performance because each dimension has a different mitigating effect on contextual failures that hobble emerging market firms. Specifically, we contend that social CSR has a larger effect on performance than either governance CSR or environmental CSR for emerging market firms, because the former helps build capabilities that more directly reduce the negative consequences of government failures in the provision of public goods and services that firms need to operate efficiently. We then provide additional depth to this idea by arguing that other mechanisms used for mitigating market failures in an emerging market context, namely firm-level business group affiliation and country-level government policy nudges, strengthen this differential influence of each of the three dimensions of CSR on performance. Analyses of a sample of 89 publicly traded Indian firms from 2007 to 2017 support these arguments. Funding: A. Cuervo-Cazurra thanks the Lloyd Mullin fellowship at Northeastern University for financial support. S. Purkayastha thanks Indian Institute of Management, Calcutta for financial support. Supplemental Material: The online appendix is available at https://doi.org/10.1287/orsc.2022.1639 .
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