Conceptualizing social impact: A geographic perspective

Mario A. Tello

Journal of Business Research, 2020, vol. 119, issue C, 562-571

Abstract: Firms have used different approaches to determining the social impacts of their actions. However, identifying and quantifying firms’ social impact remain a challenge. This paper provides theoretical arguments regarding firms’ social impact based on a geographic perspective. This approach uses geo-referenced data on social impact parameters, such as health, crime, real estate values, and green spaces. This study extends the corporate social responsibility literature by incorporating a geographic perspective of social impacts and highlighting geographic proximity as a relevant element of stakeholder salience and firm response. This study implies the need to develop a facility-level social impact index based on publicly available data to evaluate social impact beyond current rating systems.

Keywords: Social impact; Corporate social responsibility; Geographic perspective; Proximity; Social reporting; Corporate social performance (search for similar items in EconPapers)
Date: 2020
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Citations: View citations in EconPapers (11)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jbrese:v:119:y:2020:i:c:p:562-571

DOI: 10.1016/j.jbusres.2020.07.040

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