IDEAS home Printed from https://ideas.repec.org/a/eee/proeco/v116y2008i1p61-74.html
   My bibliography  Save this article

Multiperiod effects of corporate social responsibility on supply chain networks, transaction costs, emissions, and risk

Author

Listed:
  • Cruz, Jose M.
  • Wakolbinger, Tina

Abstract

This paper develops a framework for the analysis of the optimal levels of corporate social responsibility (CSR) activities in a multiperiod supply chain network consisting of manufacturers, retailers, and consumers. Manufacturers and retailers determine their production quantities, transaction quantities, and the amount of social responsibility activities they want to pursue that maximize net return, minimize emission, and minimize risk over the planning horizon. We investigate the interplay of the heterogeneous decision-makers and compute the equilibrium pattern of product outputs, transactions, prices, and levels of social responsibility activities. The paper provides insights concerning the optimal allocation of resources to CSR activities when considering a multiperiod time frame.

Suggested Citation

  • Cruz, Jose M. & Wakolbinger, Tina, 2008. "Multiperiod effects of corporate social responsibility on supply chain networks, transaction costs, emissions, and risk," International Journal of Production Economics, Elsevier, vol. 116(1), pages 61-74, November.
    • Handle: RePEc:eee:proeco:v:116:y:2008:i:1:p:61-74
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0925-5273(08)00224-7
    Download Restriction: Full text for ScienceDirect subscribers only
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Falck, Oliver & Heblich, Stephan, 2007. "Corporate social responsibility: Doing well by doing good," Business Horizons, Elsevier, vol. 50(3), pages 247-254.
    2. Zeyuan Qiu & Tony Prato & Francis McCamley, 2001. "Evaluating Environmental Risks Using Safety-First Constraints," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 83(2), pages 402-413.
    3. Keeney,Ralph L. & Raiffa,Howard, 1993. "Decisions with Multiple Objectives," Cambridge Books, Cambridge University Press, number 9780521438834, November.
    4. Dong, June & Nagurney, Anna, 2001. "Bicriteria Decision Making and Financial Equilibrium: A Variational Inequality Perspective," Computational Economics, Springer;Society for Computational Economics, vol. 17(1), pages 29-42, February.
    5. Castka, Pavel & Balzarova, Michaela A., 2008. "ISO 26000 and supply chains--On the diffusion of the social responsibility standard," International Journal of Production Economics, Elsevier, vol. 111(2), pages 274-286, February.
    6. Kolk, Ans & van Tulder, Rob, 2002. "The Effectiveness of Self-regulation:: Corporate Codes of Conduct and Child Labour," European Management Journal, Elsevier, vol. 20(3), pages 260-271, June.
    7. Nagurney, Anna & Cruz, Jose & Dong, June & Zhang, Ding, 2005. "Supply chain networks, electronic commerce, and supply side and demand side risk," European Journal of Operational Research, Elsevier, vol. 164(1), pages 120-142, July.
    8. Cruz, Jose M., 2008. "Dynamics of supply chain networks with corporate social responsibility through integrated environmental decision-making," European Journal of Operational Research, Elsevier, vol. 184(3), pages 1005-1031, February.
    9. Abagail McWilliams & Donald Siegel, 2000. "Corporate social responsibility and financial performance: correlation or misspecification?," Strategic Management Journal, Wiley Blackwell, vol. 21(5), pages 603-609, May.
    10. K E Hill, 1997. "Supply-Chain Dynamics, Environmental Issues, and Manufacturing Firms," Environment and Planning A, , vol. 29(7), pages 1257-1274, July.
    11. Jeffrey H. Dyer & Wujin Chu, 2003. "The Role of Trustworthiness in Reducing Transaction Costs and Improving Performance: Empirical Evidence from the United States, Japan, and Korea," Organization Science, INFORMS, vol. 14(1), pages 57-68, February.
    12. Parker,Christine, 2002. "The Open Corporation," Cambridge Books, Cambridge University Press, number 9780521818902, November.
    13. Bloemhof-Ruwaard, Jacqueline M. & van Beek, Paul & Hordijk, Leen & Van Wassenhove, Luk N., 1995. "Interactions between operational research and environmental management," European Journal of Operational Research, Elsevier, vol. 85(2), pages 229-243, September.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Cruz, Jose M., 2008. "Dynamics of supply chain networks with corporate social responsibility through integrated environmental decision-making," European Journal of Operational Research, Elsevier, vol. 184(3), pages 1005-1031, February.
    2. Saberi, Sara & Cruz, Jose M. & Sarkis, Joseph & Nagurney, Anna, 2018. "A competitive multiperiod supply chain network model with freight carriers and green technology investment option," European Journal of Operational Research, Elsevier, vol. 266(3), pages 934-949.
    3. Lee, Hsiao-Hui & Nunez, Manuel & Cruz, Jose, 2018. "Competition for limited critical resources and the adoption of environmentally sustainable strategies," European Journal of Operational Research, Elsevier, vol. 264(3), pages 1130-1143.
    4. Sadaat Ali Yawar & Stefan Seuring, 2017. "Management of Social Issues in Supply Chains: A Literature Review Exploring Social Issues, Actions and Performance Outcomes," Journal of Business Ethics, Springer, vol. 141(3), pages 621-643, March.
    5. Jodi L. Short & Michael W. Toffel & Andrea R. Hugill, 2016. "Code Contingencies: Designing Monitoring Regimes to Promote Improvement in Supply Chain Working Conditions," Harvard Business School Working Papers 17-001, Harvard Business School, revised Mar 2019.
    6. Kudla, Nicole & Stölzle, Wolfgang, 2011. "Sustainability Supply Chain Management Research," Die Unternehmung - Swiss Journal of Business Research and Practice, Nomos Verlagsgesellschaft mbH & Co. KG, vol. 65(3), pages 263-301.
    7. Bongani Munkuli & Renee Horne, 2018. "Financial Markets Value Reputation for Corporate Social Responsibility (CSR) – A Study of the South African Mining Sector," Africagrowth Agenda, Africagrowth Institute, vol. 15(2), pages 17-22.
    8. Radulescu, Marius & Radulescu, Sorin & Radulescu, Constanta Zoie, 2009. "Sustainable production technologies which take into account environmental constraints," European Journal of Operational Research, Elsevier, vol. 193(3), pages 730-740, March.
    9. Yuan Yuan & Louise Yi Lu & Gaoliang Tian & Yangxin Yu, 2020. "Business Strategy and Corporate Social Responsibility," Journal of Business Ethics, Springer, vol. 162(2), pages 359-377, March.
    10. Liu, Zugang & Nagurney, Anna, 2011. "Supply chain outsourcing under exchange rate risk and competition," Omega, Elsevier, vol. 39(5), pages 539-549, October.
    11. Woon Leong Lin & Jo Ann Ho & Chin Lee & Siew Imm Ng, 2020. "Impact of positive and negative corporate social responsibility on automotive firms' financial performance: A market‐based asset perspective," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 27(4), pages 1761-1773, July.
    12. Nagurney, Anna & Ke, Ke, 2006. "Financial networks with intermediation: Risk management with variable weights," European Journal of Operational Research, Elsevier, vol. 172(1), pages 40-63, July.
    13. Raza, Syed Asif, 2018. "Supply chain coordination under a revenue-sharing contract with corporate social responsibility and partial demand information," International Journal of Production Economics, Elsevier, vol. 205(C), pages 1-14.
    14. José‐Luis Godos‐Díez & Laura Cabeza‐García & Roberto Fernández‐Gago & Mariano Nieto‐Antolín, 2020. "Does CEO media exposure affect corporate social responsibility?," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 27(2), pages 825-840, March.
    15. Dong Li & Anna Nagurney, 2017. "Supply chain performance assessment and supplier and component importance identification in a general competitive multitiered supply chain network model," Journal of Global Optimization, Springer, vol. 67(1), pages 223-250, January.
    16. Yongming Zhang & Mohsen Imeni & Seyyed Ahmad Edalatpanah, 2023. "Environmental Dimension of Corporate Social Responsibility and Earnings Persistence: An Exploration of the Moderator Roles of Operating Efficiency and Financing Cost," Sustainability, MDPI, vol. 15(20), pages 1-18, October.
    17. Li, Bin & Guo, Fei & Xu, Lei & Meng, Siqi, 2024. "Fintech business and corporate social responsibility practices," Emerging Markets Review, Elsevier, vol. 59(C).
    18. Seung‐Hun Hong & Jong‐sung You, 2018. "Limits of regulatory responsiveness: Democratic credentials of responsive regulation," Regulation & Governance, John Wiley & Sons, vol. 12(3), pages 413-427, September.
    19. Ionel Jianu & Iulia Jianu & Adriana Sofia Dumitrescu, 2012. "A New Concept: The Social-Financial Responsible Reporting," Post-Print hal-00690960, HAL.
    20. Chen, Chung-Jen & Guo, Ruey-Shan & Hsiao, Yung-Chang & Chen, Kuo-Liang, 2018. "How business strategy in non-financial firms moderates the curvilinear effects of corporate social responsibility and irresponsibility on corporate financial performance," Journal of Business Research, Elsevier, vol. 92(C), pages 154-167.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:proeco:v:116:y:2008:i:1:p:61-74. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/ijpe .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.