Strategic Outcomes in Voluntary CSR: Reporting Economic and Reputational Benefits in Principles-Based Initiatives

Although existing research evaluates the growth and motivations behind global corporate social responsibility (CSR) activity, there is little understanding whether these growing commitments generate strategic benefits to their adherents. In this article, we analyze the organizational attributes that...

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Bibliographic Details
Published in:Journal of business ethics 2017-08, Vol.144 (1), p.201-217
Main Authors: Arevalo, Jorge A., Aravind, Deepa
Format: Article
Language:English
Subjects:
Business
Business and Management
Business Ethics
Comparative advantage
Competition
Competitive advantage
Corporate responsibility
Economic theory
Education
Endorsements
Ethics
Hypotheses
Interlocking directorates
Investigations
Management
Organizational performance
Participation
Philosophy
Quality of Life Research
R&D
Research & development
Social responsibility
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Summary:Although existing research evaluates the growth and motivations behind global corporate social responsibility (CSR) activity, there is little understanding whether these growing commitments generate strategic benefits to their adherents. In this article, we analyze the organizational attributes that underlie the firm's ability to generate competitive advantage from the adoption of a global CSR framework. We develop hypotheses on economic and reputational benefits and test whether firm performance, organizational resources, and access to business and CSR networks determine these benefits in CSR frameworks. Results from a survey of 213 Spanish global compact business participants strongly support our arguments.
ISSN:0167-4544
1573-0697
DOI:10.1007/s10551-015-2860-5