Corporate Social Responsibility: a Theory of the Firm Perspective
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- 1 January 2001
- journal article
- Published by Academy of Management in Academy of Management Review
- Vol. 26 (1) , 117-127
- https://doi.org/10.5465/amr.2001.4011987
Abstract
We outline a supply and demand model of corporate social responsibility (CSR). Based on this framework, we hypothesize that a firm's level of CSR will depend on its size, level of diversification, research and development, advertising, government sales, consumer income, labor market conditions, and stage in the industry life cycle. From these hypotheses, we conclude that there is an “ideal” level of CSR, which managers can determine via cost-benefit analysis, and that there is a neutral relationship between CSR and financial performance.Keywords
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