LOOKING GOOD BY DOING GOOD: THE ANTECEDENTS AND CONSEQUENCES OF STAKEHOLDER ATTENTION TO CORPORATE DISASTER RELIEF

• 成果类型: Article
• 署名作者: Madsen, Peter M.; Rodgers, Zachariah J.
• 署名单位: Brigham Young University; Stanford University
• 刊物名称: STRATEGIC MANAGEMENT JOURNAL
• ISSN/ISSBN: 0143-2095
• DOI: 10.1002/smj.2246
• 发表日期: 2015
• 页码: 776-794
• 关键词: STAKEHOLDER THEORY; Corporate social responsibility; attention; Corporate social performance; philanthropy; stakeholder salience

摘要

Stakeholder theory suggests a relationship between corporate social responsibility (CSR) and corporate financial performance (CFP) because certain stakeholders reward certain types of CSR. This argument assumes that stakeholders attend to firms' CSR activitiesan assumption that has yet to be examined. We fill this gap by extending stakeholder theory to the context of stakeholder attention to firm CSR and exploring the antecedents and consequences of stakeholder attention to corporate disaster relief CSR. We test the resulting hypotheses on a sample of public companies that engaged in natural disaster relief efforts, finding that stakeholder attention partially mediated the relationship between disaster relief and CFP and that stakeholder attention to corporate disaster relief was driven by the legitimacy, urgency, and enactment of disaster relief CSR initiatives. Copyright (c) 2014 John Wiley & Sons, Ltd.