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Stakeholder performance implications of corporate responsibility

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  • Sandra Waddock

Abstract

Demands for greater integrity - more corporate responsibility - are an increasingly critical element of doing well and doing "good" in today's business environment. Using a definition of corporate citizenship that links stakeholder-related operating practices to corporate responsibility, this paper explores the performance implications of companies treating stakeholders well. Companies face conflicting pressures: one set for profitability and wealth maximisation, the other is to manage more responsibly, with more accountability and transparency. Specifically, the paper addresses the ways in which companies can benefit from - or be hurt by - some general emerging institutional pressures that push in the direction of greater responsibility.

Suggested Citation

  • Sandra Waddock, 2003. "Stakeholder performance implications of corporate responsibility," International Journal of Business Performance Management, Inderscience Enterprises Ltd, vol. 5(2/3), pages 114-124.
    • Handle: RePEc:ids:ijbpma:v:5:y:2003:i:2/3:p:114-124
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    Citations

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    Cited by:

    1. Jennifer Martínez-Ferrero & Isabel Gallego-Álvarez & Isabel María García-Sánchez, 2015. "A Bidirectional Analysis of Earnings Management and Corporate Social Responsibility: The Moderating Effect of Stakeholder and Investor Protection," Australian Accounting Review, CPA Australia, vol. 25(4), pages 359-371, December.
    2. Butković Lana Lovrenčić & Tomšić Dina & Kaselj Simona, 2021. "Collaborative Strategic View in Corporate Social Responsibility – Construction Industry Case," Business Systems Research, Sciendo, vol. 12(1), pages 144-163, May.
    3. Cuadrado Ballesteros, Beatriz & García Rubio, Raquel & Martínez Ferrero, Jennifer, 2015. "Efecto de la composición del consejo de administración en las prácticas de responsabilidad social corporativa," Revista de Contabilidad - Spanish Accounting Review, Elsevier, vol. 18(1), pages 20-31.
    4. Ana T. Ejarque & Vanessa Campos, 2020. "Assessing the Economy for the Common Good Measurement Theory Ability to Integrate the SDGs into MSMEs," Sustainability, MDPI, vol. 12(24), pages 1-17, December.
    5. Tai-Hsi Wu & Hsiang-Lin Chih & Mei-Chen Lin & Yi Hua Wu, 2020. "A Data Envelopment Analysis-Based Methodology Adopting Assurance Region Approach for Measuring Corporate Social Performance," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 148(3), pages 863-892, April.
    6. Yongtae Kim & Meir Statman, 2012. "Do Corporations Invest Enough in Environmental Responsibility?," Journal of Business Ethics, Springer, vol. 105(1), pages 115-129, January.
    7. Mónica García-Melón & Blanca Pérez-Gladish & Tomás Gómez-Navarro & Paz Mendez-Rodriguez, 2016. "Assessing mutual funds’ corporate social responsibility: a multistakeholder-AHP based methodology," Annals of Operations Research, Springer, vol. 244(2), pages 475-503, September.
    8. Madeeha Zafar & Imran Ali, 2016. "The Influence of Corporate Social Responsibility on Employee Commitment: The Mediating Role of Employee Company Identification," Asian Social Science, Canadian Center of Science and Education, vol. 12(12), pages 262-262, December.
    9. Maria-Gabriella Baldarelli & Sabrina Gigli, 2014. "Exploring the drivers of corporate reputation integrated with a corporate responsibility perspective: some reflections in theory and in praxis," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 18(2), pages 589-613, May.
    10. Jennifer Martínez‐Ferrero & Isabel M. Garcia‐Sanchez & Beatriz Cuadrado‐Ballesteros, 2015. "Effect of Financial Reporting Quality on Sustainability Information Disclosure," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 22(1), pages 45-64, January.
    11. Jarrod Grainger-Brown & Shirin Malekpour, 2019. "Implementing the Sustainable Development Goals: A Review of Strategic Tools and Frameworks Available to Organisations," Sustainability, MDPI, vol. 11(5), pages 1-18, March.
    12. Jian, Ming & Lee, Kin-Wai, 2015. "CEO compensation and corporate social responsibility," Journal of Multinational Financial Management, Elsevier, vol. 29(C), pages 46-65.
    13. Martínez-Ferrero, Jennifer & Prado-Lorenzo, José Manuel & Fernández-Fernández, José Miguel, 2013. "Responsabilidad social corporativa vs. responsabilidad contable," Revista de Contabilidad - Spanish Accounting Review, Elsevier, vol. 16(1), pages 32-45.
    14. Céline Gainet, 2010. "Exploring the Impact of Legal Systems and Financial Structure on Corporate Responsibility," Journal of Business Ethics, Springer, vol. 95(2), pages 195-222, September.
    15. Lars Moratis & Max van Egmond, 2018. "Concealing social responsibility? Investigating the relationship between CSR, earnings management and the effect of industry through quantitative analysis," International Journal of Corporate Social Responsibility, Springer, vol. 3(1), pages 1-13, December.
    16. Martínez Ferrero, Jennifer, 2014. "Consecuencias de las prácticas de sostenibilidad en el coste de capital y en la reputación corporativa," Revista de Contabilidad - Spanish Accounting Review, Elsevier, vol. 17(2), pages 153-162.
    17. Ho, Simon S.M. & Li, Annie Yuansha & Tam, Kinsun & Tong, Jamie Y., 2016. "Ethical image, corporate social responsibility, and R&D valuation," Pacific-Basin Finance Journal, Elsevier, vol. 40(PB), pages 335-348.
    18. I. M. García‐Sánchez & J. Martínez‐Ferrero, 2017. "Independent Directors and CSR Disclosures: The moderating effects of proprietary costs," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 24(1), pages 28-43, January.

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