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Exploring the business logic behind CSR certifications

Author

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  • Dahlin, Peter
  • Ekman, Peter
  • Röndell, Jimmie
  • Pesämaa, Ossi

Abstract

Research shows that CSR certification motives span from being symbolic to substantive. Prior studies have mainly focused on the differences between firms that hold and do not hold CSR certificates. This study explores if the extent of CSR certification is related to different business logic amongst firms who hold CSR certificates. The study utilizes full sample data from the Swedish commercial real estate industry to analyze the variance in motives and performance among firms with CSR certificates. The results indicate that firms that have a substantive CSR commitment have a business logic that entails a holistic and long-term perspective on both financial and CSR performance. However, substantive CSR commitment comes with greater staffing costs and lower financial returns as opposed to those of firms that obtain CSR certificates based on symbolic motives.

Suggested Citation

  • Dahlin, Peter & Ekman, Peter & Röndell, Jimmie & Pesämaa, Ossi, 2020. "Exploring the business logic behind CSR certifications," Journal of Business Research, Elsevier, vol. 112(C), pages 521-530.
    • Handle: RePEc:eee:jbrese:v:112:y:2020:i:c:p:521-530
    DOI: 10.1016/j.jbusres.2019.11.046
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    7. Dongsoo Kim & Jongseon Lee & Nami Kim, 2023. "Engaging CSR in SMEs by exporting: The critical factors of CEOs and markets," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 30(4), pages 1953-1964, July.

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