Management scholars have sought to answer the question: is there a financial payoff for ad-dressing ecological and social issues? We move beyond this question and include a time com-ponent for corporate financial performance (CFP) and a firm’s innovativeness in order to ask: when does it pay?...

Nowadays, due to the huge deterioration of the environment, not only the human beings, but also the day-to-day business environment suffers adversely. Hence, “Go Green” behavior becomes a globally accepted direction of every individual and business. “Go Green” is an earth-friendly living...

As one of the important components of strategic planning process, environmental scanning has received importance to explore new opportunities and to identify threats for making important strategic decision. The present study indicates between owner-manager's environmental awareness on business...

This paper demonstrates that strategic equity holdings by employees and family or by corporations discourage investment in environmental, social and governance (ESG) activities as measured by ASSET4 performance scores. Conversely, debt or government equity finance is positively associated with...

Over the last decades, corporations are increasingly expected to fulfill the written and unwritten laws of doing business in a sustainable way. They are implicitly expected to perform well on the so-called triple bottom line; People, Planet and Profit. However, both in academia and in practice,...

This paper critically considers ‘additional' and ‘instrumental' explanations that economists have recently suggested in order to reduce the understanding of CSR within the limits of standard economic theorizing, and contrasts them with a ‘constitutive' definition as an extended model of...

This article analyzes the economics of Corporate Social Responsibility (CSR), as a private response to market imperfections to satisfy social preferences. Depending on whether they affect regulation, competition, or contracts, market imperfections driving CSR decisions are classified in three...

Environmental protection and sustainable development have become an important issue in today's global economy. However, there are only limited requirements for environmental disclosure for publicly-held firms in the United States. This study first measures the environmental disclosure of S&P 100...

This study addresses the following research questions: Are there any significant social and environmental performance differences between Indonesian companies and MNCs operating in Indonesia? Do the levels of social and environmental performances have positive association with financial...

Despite the vast literature on why firms should engage in corporate social responsibility (CSR) and an increasing desire expressed by managers to pursue CSR, many managers have yet to integrate CSR principles in their daily practices due to the lack of a clear link between CSR and corporate...