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Re-thinking the CSP–CFP Linkage: Analyzing the Mechanisms Involved in Translating Socially Responsible Behavior to Financial Performance

Sustainability, Stakeholder Governance, and Corporate Social Responsibility

ISBN: 978-1-78756-316-2, eISBN: 978-1-78756-315-5

Publication date: 10 August 2018

Abstract

In this chapter, we reexamine the notion that socially responsible behavior by firms will lead to increased financial performance. By identifying the underlying processes, institutional settings, and actors involved, we present a framework that is more attentive to the multiplicity and conditionality of the mechanisms operating in the often tenuous connection between firms’ social behavior and financial performance. Building and expanding upon existing analyses of the CSP–CFP linkage, our model helps to explain the mixed results from a wide range of empirical studies which examine this link. It also provides a novel theoretical account to help guide future researches that are more attentive to conditionalities and contextual contingencies.

Keywords

Citation

Mehrpouya, A. and Chowdhury, I. (2018), "Re-thinking the CSP–CFP Linkage: Analyzing the Mechanisms Involved in Translating Socially Responsible Behavior to Financial Performance", Sustainability, Stakeholder Governance, and Corporate Social Responsibility (Advances in Strategic Management, Vol. 38), Emerald Publishing Limited, Leeds, pp. 227-255. https://doi.org/10.1108/S0742-332220180000038014

Publisher

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Emerald Publishing Limited

Copyright © 2018 Emerald Publishing Limited