企业社会责任能提高财务绩效吗?——文献综述与理论框架
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外国经济与管理 2014 年 第 36 卷第 12 期, 页码：72 - 80
摘要
参考文献
摘要
经过四十多年的发展,企业社会责任(corporate social responsibility,简称CSR)与财务绩效(corporate financial performance,简称CFP)关系的研究取得了重要的进展,从单纯地考察CSR是否对CFP有显著的影响转变为CSR在什么条件下以及通过什么样的机制对CFP有积极的影响。本文系统梳理了近四十年来CSR与CFP关系研究所取得的主要成果和最新进展,归纳了CSR与CFP关系研究的主要理论视角和理论框架,并在此基础上指出了未来CSR与CFP关系研究的发展方向,希望对中国背景下CSR与CFP关系的研究提供重要的理论指导。
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[2]Aldag R J and Bartol K M.Empirical studies of corporate social performance and policy:A survey of problems and results[J].Research in Corporate Social Performance and Policy,1978,1:165-199.
[3]Arlow P and Gannon M J.Social responsiveness,corporate structure,and economic performance[J].Academy of Management Review,1982,7:235-241.
[4]Aupperle K E and Carroll A B.An empirical examination of the relationship between corporate social responsibility and profitability[J].Academy of Management Journal,1985,28:446-463.
[5]Bakker G A,Groenewegen P and Hond F D.A bibliometric analysis of 30years of research and theory on corporate social responsibility and corporate social performance[J].Business&Society,2005,44(3):283-317.
[6]Balabanisg,Phillipsh C and Lyall J.Corporate social responsibility and economic performance in the top British companies:are they linked?[J].European Business Review,1998,9(1):25-44.
[7]Barnett M L.Stakeholder influence capacity and the variability of financial returns to corporate social responsibility[J].Academy of Management Review,2007,32(3):794-816.
[8]Barney J.Firm resources and sustained competitive advantage[J].Journal of Management,1991,17(1):771-792.
[9]Beuraden P V and Gossling T.The worth of values-a literature review on the relation between corporate social and financial performance[J].Journal of Business Ethics,2008,82:407-424.
[10]Bouquetc and Deutsch Y.The impact of corporate social performance on a firm’s multinationality[J].Journal of Business Ethics,2008,80(4):755-769.
[11]Brammer S and Millington A.The development of corporate charitable contributions in the UK:A stakeholder analysis[J].Journal of Management Studies,2004,41:1411-1434.
[12]Brammer S,Brooks S and Pavelin S.Corporate social performance and stock returns:UK evidence from disaggregate measures[J].Financial Management,Autumn,2006,97-116.
[13]Campbell J L.Institutional analysis and the paradox of corporate social responsibility[J].American Behavioral Scientist,2006,49:925-938.
[14]Campbell J L.Why would corporations behave in socially responsible ways?An institutional theory of corporate social responsibility[J].Academy of Management Review,2007,32:946-967.
[15]Carroll A B.A three-dimensional conceptual model of corporate social performance[J].Academy of Management Review,1979,4:497-506.
[16]Cochran P L and Wood R A.Corporate social responsibility and financial performance[J].Academy of Management Journal,1984,27:42-56.
[17]Cornell B and Shapiro A C.Corporate stakeholders and corporate finance[J].Financial Management,1987,16:5-14.
[18]Cui Z Y,Liang X Y and Lu X W.Prize or price?Corporate social responsibility commitment and sales performance in the Chinese private sector[J].Management and Organization Review,2014.
[19]Delmas M A,Etzion D and Nairn-Birch N.Triangulating environmental performance:what do corporate social responsibility ratings really captures[J].The Academy of Management Perspectives,2013,27(3):255-267.
[20]Freeman R E.Strategic management:A stakeholder approach[M].Pitman:Boston,MA,1984.
[21]Friedman M.The social responsibility of business is to increase its profits[J].New York Times,13September 1970,122-126.
[22]Galashiewicz J.An urban grants economy revisited:Corporate charitable contributions in the twin cities,1979-81,1987-89[J].Administrative Science Quarterly,1997,42:445-471.
[23]Glavas A and Piderit S K.How does doing good matter?Effects of corporate citizenship on employees[J].Journal of Corporate Citizenship,2009,36:51-70.
[24]Griffin J J and Mahon J F.The corporate social performance and corporate financial performance debate:Twenty-five years of incomparable research[J].Business and Society,1997,36:5-31.
[25]Hillman A J and Keim G D.Shareholder value,stakeholder management,and social issues:What’s the bottom line[J]?Strategic Management Journal,2001,22:125-139.
[26]Hull C E and Rothenberg S.Firm performance:The interactions of corporate social performance with innovation and industry differentiation[J].Strategic Management Journal,2008,29:781-789.
[27]Jones T.Instrumental stakeholder theory:A synthesis of ethics and economics[J].Academy of Management Review,1995,20:404-437.
[28]Koh P S,Qian C L and Wang H L.Firm litigation risk and the insurance value of corporate social performance[J].Strategic Management Journal,2013.
[29]Lev B,Petrovits C and Radhakrishnan S.Is doing good good for you?How corporate charitable contributions enhance revenue growth[J].Strategic Management Journal,2010,31:182-200.
[30]Margolis J D,Elfenbein H A and Walsh J.Does it pay to be good and does it matter?A meta-analysis of the relationship between corporate social and financial performance[J].Unpublished manuscript,2009.
[31]Margolis J D and Walsh J P.People and Profits?The search for a link between a company’s Social and financial performance[M].Mahwah,NJ:Lawrence Erlbaum,2001.
[32]Margolis J D and Walsh J P.Misery Loves Companies:Rethinking Social Initiatives by Business[J].Administrative Science Quarterly,2003,48(2):268-305.
[33]MaWilliams A and Siegel D.Corporate social responsibility and financial performance:Correlation or misspecification[J].Strategic Management Journal,2000,21:603-609.
[34]Orlitzky M,Schmidt F L and Tynes S L.Corporate social and financial performance:A meta-analysis[J].Organization Studies,2003,24:403-441.
[35]Pava M L and Krausz J.The association between corporate social responsibility and financial performance:The paradox of social cost[J].Journal of Business Ethics,1996,15:321-357.
[36]Preston L E and O’Bannon D P.The corporate social-financial performance relationship:a typology and analysis[J].Business and Society,1997,36(4),419-429.
[37]Richardson A J,Welker M,Hutchinson J R.Managing capital market reactions to corporate social responsibility[J].International Journal of Management Reviews,1999,1:17-43.
[38]Rowan R M,Hayibor S and Agle B R.The relationship between social and financial performance[J].Business&Society,1999,38:109-125.
[39]Ruf B M,et al.An empirical investigation of the relationship between change in corporate social performance and financial performance:A stakeholder theory perspective[J].Journal of Business Ethics,2001,32(2):143-156.
[40]Russo M V and Fouts P A.A resource-based perspective on corporate environmental performance and profitability[J].Academy of Management Journal,1997,40(3):534-559.
引用本文
刘玉焕, 井润田. 企业社会责任能提高财务绩效吗?——文献综述与理论框架[J]. 外国经济与管理, 2014, 36(12): 72–80.
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