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Persistent link: https://www.econbiz.de/10003747520
According to different types of studies conducted in recent years, not natural but social factors will constitute a major barrier in the process of achieving sustainable development. The barrier will be quickly noticed in the countries and regions of low social capital. The purpose of this...
Persistent link: https://www.econbiz.de/10011537992
Drawing on Pierre Bourdieu's theory of social practice this paper develops a novel approach to the study of CSR. According to this approach, pro-social activities are conceptualized as social practices that are employed by individual managers in their personal struggles for social power. Whether...
Persistent link: https://www.econbiz.de/10009751331
In recent years, greater attention has been given to developing metrics that measure more than a country’s gross domestic product (GDP). Similarly, greater consideration has been given to more than just the financial performance of commercial enterprises; corporations are now expected to...
Persistent link: https://www.econbiz.de/10012523308
We investigate whether a firm's social capital, and the trust that it engenders, are viewed favorably by bondholders. Using firms' corporate social responsibility (CSR) activities to proxy for social capital, we find no relation between CSR and bond spreads over the period 2005-2013. However,...
Persistent link: https://www.econbiz.de/10012901792
During the 2008-2009 financial crisis, firms with high social capital, measured as corporate social responsibility (CSR) intensity, had stock returns that were four to seven percentage points higher than firms with low social capital. High-CSR firms also experienced higher profitability, growth,...
Persistent link: https://www.econbiz.de/10013005370
Trust, trustworthiness and ethical norms of reciprocity and cooperation have been receiving more and more attention in economic analysis. In particular, two concepts have been widely used in order to study the socio-economic effects of these factors: the concept of social capital (hereafter also...
Persistent link: https://www.econbiz.de/10014216196
In this paper we analyze the impact of social responsibility on corporate sustainable value via the strategic role of corporate social capital in a transitional context. Using survey data of Chinese companies, we empirically examine the theoretical relationship. We find that corporate social...
Persistent link: https://www.econbiz.de/10014156014
The paper studies the relationship between social capital (SC) and Corporate Social Responsibility (CSR) by investigating the idea of a virtuous circle between the level of SC and the implementation of CSR standard of behaviour that favours the creation of cooperative networks between the firm...
Persistent link: https://www.econbiz.de/10014043904
While there has been significant progress in the measurement of an organization's environmental and social impacts from … provide a framework for systematic measurement of product impact in monetary terms and delve into the rationale for the … with examples of insights enabled by industry-wide product impact measurement. We see our results as a first step, rather …
Persistent link: https://www.econbiz.de/10012177797