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

Afshin Mehrpouya () and Imran Chowdhury ()

No 1253, HEC Research Papers Series from HEC Paris

Abstract: In this paper, we re-examine 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 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 research that is more attentive to conditionalities and contextual contingencies.

Keywords: Business Ethics; Corporate Social Performance; Corporate Financial Performance; Corporate Social Responsibility; Mechanisms (search for similar items in EconPapers)
JEL-codes: M14 (search for similar items in EconPapers)
Pages: 55 pages
Date: 2018-03-01, Revised 2018-03-20
New Economics Papers: this item is included in nep-knm
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:ebg:heccah:1253

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