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Corporate life cycle, organizational financial resources and corporate social responsibility

Mostafa Monzur Hasan and Ahsan Habib

Journal of Contemporary Accounting and Economics, 2017, vol. 13, issue 1, 20-36

Abstract: This study examines the association between the corporate life cycle and corporate social responsibility (CSR). Motivated by the resource-based theory, we hypothesize and find supportive evidence that the resource base and competitive advantages allow mature firms to invest more in CSR-related activities than firms at other stages of the corporate life cycle. We further examine the role of financial resources in explaining the relation between the corporate life cycle and CSR. Our results show that size, profitability and slack resources moderate the association between the corporate life cycle and CSR. These findings are robust when subjected to a series of sensitivity tests.

Keywords: Corporate life cycle; Corporate social responsibility; Financial resources (search for similar items in EconPapers)
JEL-codes: D22 M14 (search for similar items in EconPapers)
Date: 2017
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Journal of Contemporary Accounting and Economics is currently edited by Agnes C.S. Cheng, P. Clarkson, F.A. Gul, Zoltan Matolcsy, Dan Simunic and Ben Srinidhi

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