Corporate social responsibility: A theory of the firm perspective

Abagail Mc Williams, Donald Siegel

Research output: Chapter in Book/Report/Conference proceedingChapter

Abstract

We outline a supply and demand model of corporate social responsibility (CSR). Based on this framework, we hypothesize that a firm's level of CSR will depend on its size, level of diversification, research and development, advertising, government sales, consumer income, labor market conditions, and stage in the industry life cycle. From these hypotheses, we conclude that there is an "ideal" level of CSR, which managers can determine via cost-benefit analysis, and that there is a neutral relationship between CSR and financial performance.

Original languageEnglish (US)
Title of host publicationBusiness Ethics and Strategy, Volumes I and II
PublisherTaylor and Francis
Pages137-147
Number of pages11
ISBN (Electronic)9781351954051
ISBN (Print)9780754626091
DOIs
StatePublished - Jan 1 2018
Externally publishedYes

ASJC Scopus subject areas

  • Economics, Econometrics and Finance(all)
  • Business, Management and Accounting(all)

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  • Cite this

    Mc Williams, A., & Siegel, D. (2018). Corporate social responsibility: A theory of the firm perspective. In Business Ethics and Strategy, Volumes I and II (pp. 137-147). Taylor and Francis. https://doi.org/10.4324/9781315261102-8