How do firms achieve corporate social performance? An integrated perspective

Walid Ben‐amar, Claude Francoeur (), Sylvain Marsat () and Aida Sijamic Wahid
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Sylvain Marsat: CleRMa - Clermont Recherche Management - ESC Clermont-Ferrand - École Supérieure de Commerce (ESC) - Clermont-Ferrand - UCA - Université Clermont Auvergne

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Abstract: This study provides an integrated view of the combined direct and indirect effects of the main drivers of CSR performance, at country, firm and CEO levels respectively. We extend prior literature by showing that the institutional context, firm CSR governance practices, and CSRrelated compensation incentives have impacts of different magnitudes on CSR performance, as well as significant combined effects. Using an international sample of 1,272 observations over 20 countries, we document significant indirect cascading effects of the institutional setting and firm-specific governance practices on CSR performance. From a managerial perspective, we find that firms operating in countries that are less oriented towards satisfying the needs of the stakeholders still have the ability to counterbalance this institutional impact and achieve relatively high CSR performance by implementing sound firm-level CSR governance practices and incentives.

Keywords: Corporate social performance; Institutions; Corporate governance; Corporate social responsibility incentives (search for similar items in EconPapers)
Date: 2021-01-09
New Economics Papers: this item is included in nep-bec and nep-cse
Note: View the original document on HAL open archive server: https://hal.science/hal-03223669v1
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Citations: View citations in EconPapers (3)

Published in Corporate Social Responsibility and Environmental Management, 2021, 28 (3), pp.1078-1090. ⟨10.1002/csr.2107⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-03223669

DOI: 10.1002/csr.2107

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