 The Impact of Trustworthiness on the Association of Corporate Social Responsibility and Irresponsibility on LegitimacyMichael Hadani Journal of Management Studies, 2024, vol. 61, issue 4, 1266-1294 Abstract: Research on corporate social responsibility (CSR) and corporate social irresponsibility (CSIR) has long argued both affect firms' legitimacy, for good or bad. Such research has ignored how ex‐ante corporate trustworthiness and associated attributions affect the association of CSR and CSIR on corporate normative legitimacy. Focusing on two unique aspects of corporate normative legitimacy evaluations – affect and misconduct – we argue that ex‐ante perceptions of firm trustworthiness moderate the associations among CSR and CSIR and different aspects of normative legitimacy. Utilizing comprehensive panel‐data analytical approaches for S&P 500 firms from 2000 to 2015, MSCI‐KLD data, mass‐media‐based measures of firm trustworthiness, including normative affect‐based legitimacy, and normative misconduct‐related‐legitimacy, our proposition is mostly supported, with surprising caveats. A post‐hoc analysis shows these associations vary based on public versus investors' affective‐legitimacy views. The findings of this study critically challenge extant scholarship and call for a nuanced view of the impact of CSR and CSIR on firm legitimacy. Date: 2024 Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:bla:jomstd:v:61:y:2024:i:4:p:1266-1294 Ordering information: This journal article can be ordered from Access Statistics for this article Journal of Management Studies is currently edited by Timothy Clark, Steven W. Floyd and Mike Wright More articles in Journal of Management Studies from Wiley Blackwell |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.