This study examines the determinants of corporate social responsibility (CSR) and its implications on firms' investment policy, organizational strategy and performance. First, we find that firms with better performance, higher R&D intensity, better financial health, and firms in new economy...

Following stakeholder resource-based theory (SRBT), we conceptualize the value relevance of corporate social irresponsibility (CSI) based on the bargaining power that stakeholders possess regarding firms' inputs and revenue generations. Accordingly, we classify the stakeholders into residual...