Stakeholder influence capacity and the variability of financial returns to corporate social responsibility

• 成果类型: Article; Proceedings Paper
• 署名作者: Barnett, Michael L.
• 署名单位: State University System of Florida; University of South Florida
• 刊物名称: ACADEMY OF MANAGEMENT REVIEW
• ISSN/ISSBN: 0363-7425
• DOI: 10.5465/AMR.2007.25275520
• 发表日期: 2007
• 页码: 794-816
• 关键词: RESOURCE-BASED VIEW; absorptive-capacity; Real options; POLITICAL ACTIVITY; performance; firm; strategy; PERSPECTIVE; management; BUSINESS

摘要

I argue that research on the business case for corporate social responsibility must account for the path-dependent nature of firm-stakeholder relations, and I develop the construct of stakeholder influence capacity to fill this void. This construct helps explain why the effects of corporate social responsibility on corporate financial performance vary across firms and time. I develop a set of propositions to aid future research on the contingencies that produce variable financial returns to investment in corporate social responsibility.