Publication

When does corporate social responsibility pay off? the impact of the country-level institutionalization of CSR

Xiao, C., Wang, Q., van Donk, D. P. & van der Vaart, T., 2015, p. 1-10. 10 p.

Research output: Contribution to conferencePaperAcademic

The literature on corporate social responsibility (CSR) has not yet provided a univocal answer to an important question, i.e., when does corporate social responsibility pay off? Drawing up institutional theory, this study contributes to the CSR literature through exploring the CSR-CFP (corporate financial performance) relationship as being moderated by the country-level institutionalization of CSR. We hypothesize that the country-level institutionalization of CSR negatively impacts firms’ capability of capitalizing on their CSR efforts to stimulate financial performance. The results based on IMSS VI support our hypothesis that firms in countries where CSR is highly institutionalized generally find it more difficult to capitalize on their CSR efforts than their counterparts in countries where CSR is not yet institutionalized. The finding helps to account for the mixed results on the CSR-CFP relationship.
Original languageEnglish
Pages1-10
Number of pages10
Publication statusPublished - 2015
Event2nd International EurOMA sustainable operations and supply chains forum - Barcelona, Spain
Duration: 23-Mar-201524-Mar-2015

Conference

Conference2nd International EurOMA sustainable operations and supply chains forum
CountrySpain
CityBarcelona
Period23/03/201524/03/2015

Event

2nd International EurOMA sustainable operations and supply chains forum

23/03/201524/03/2015

Barcelona, Spain

Event: Conference

    Keywords

  • CSR-CFP relationship, country-level institutionalization of CSR, institutional theory

ID: 17650354