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The Push Factors for Corporate Social Responsibility: A Probit Analysis

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Author Info

  • Paolo Cominetti

    (FEEM, Fondazione Eni Enrico Mattei, Italy)

  • Laura Poddi

    (University of Ferrara, Italy)

  • Sergio Vergalli

    (University of Brescia, Department of Economics, and FEEM, Fondazione Eni Enrico Mattei, Italy)

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    Abstract

    In the last two decades in OECD countries there has been increased development of Social Responsible (CSR is the acronym of Corporate Social Responsibility) certified firms. This certification is assigned by public and private companies which guarantee that the behaviour of a certain firm is environmentally and sociologically correct. The first part of our work is devoted to establishing a certification index defined as the intersection of two of the three main international indices (Domini 400 Social Index, Dow Jones Sustainability World Index, FTSE4Good Index). The purpose of this is to overcome certain problems related to the multiplicity of CSR definitions and certifications. The sample obtained is a data panel of 417 enterprises (317 CSR firms and 100 firms as a control sample) belonging mainly to OCSE countries. The core of our analysis makes some probit analyses in order to study the structural causes that push enterprises towards social certification. The descriptive statistics, combined and supported by probit analysis, seem to stress the focal role of economic development as one of the main causes of social certification. Moreover, we have also studied the role of industrial sectors in social certification and other variables such as critical consumption and the structural production system of the enterprises.

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    Bibliographic Info

    Paper provided by Fondazione Eni Enrico Mattei in its series Working Papers with number 2012.58.

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    Date of creation: Sep 2012
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    Handle: RePEc:fem:femwpa:2012.58

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    Keywords: Corporate Social Responsibility; Growth;

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    References

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    1. Dierkes, Meinolf & Preston, Lee E., 1977. "Corporate social accounting reporting for the physical environment: A critical review and implementation proposal," Accounting, Organizations and Society, Elsevier, vol. 2(1), pages 3-22, January.
    2. Stephen J. Brammer & Stephen Pavelin, 2006. "Corporate Reputation and Social Performance: The Importance of Fit," Journal of Management Studies, Wiley Blackwell, vol. 43(3), pages 435-455, 05.
    3. Nicola Comincioli & Laura Poddi & Sergio Vergalli, 2012. "Does Corporate Social Responsibility Affect the Performance of Firms?," Working Papers 2012.53, Fondazione Eni Enrico Mattei.
    4. Mike Adams, 1998. "An Analysis of Corporate Donations: United Kingdom Evidence," Journal of Management Studies, Wiley Blackwell, vol. 35(5), pages 641-654, 09.
    5. Louis Amato & Christie Amato, 2007. "The Effects of Firm Size and Industry on Corporate Giving," Journal of Business Ethics, Springer, vol. 72(3), pages 229-241, May.
    6. Navarro, Peter, 1988. "Why Do Corporations Give to Charity?," The Journal of Business, University of Chicago Press, vol. 61(1), pages 65-93, January.
    7. Sergio Vergalli & Laura Poddi, 2009. "Does Corporate Social Responsibility Affect the Performance of Firms?," Working Papers 2009.52, Fondazione Eni Enrico Mattei.
    8. S. Brammer & Geoffrey Williams & John Zinkin, 2007. "Religion and Attitudes to Corporate Social Responsibility in a Large Cross-Country Sample," Journal of Business Ethics, Springer, vol. 71(3), pages 229-243, March.
    9. Roberts, Robin W., 1992. "Determinants of corporate social responsibility disclosure: An application of stakeholder theory," Accounting, Organizations and Society, Elsevier, vol. 17(6), pages 595-612, August.
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