Effects of corporate social responsibility and irresponsibility on firm financial performance: A longitudinal fuzzy-set analysis of the largest American companies

Thi-Minh Ngoc Nguyen (), Sébastien Brion and Vincent Chauvet
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Thi-Minh Ngoc Nguyen: CERGAM - Centre d'Études et de Recherche en Gestion d'Aix-Marseille - AMU - Aix Marseille Université - UTLN - Université de Toulon
Vincent Chauvet: CERGAM de Toulon - Centre d'Études et de Recherche en Gestion d'Aix-Marseille/Equipe de recherche de Toulon - CERGAM - Centre d'Études et de Recherche en Gestion d'Aix-Marseille - AMU - Aix Marseille Université - UTLN - Université de Toulon - IAE Toulon - Institut d'Administration des Entreprises (IAE) - Toulon - UTLN - Université de Toulon

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Abstract: There is a fundamental interest in management research: whether, how, and when corporate social responsibility leads to corporate financial performance. Despite tremendous past effort, the available answers are still unsatisfied. We address this traditional gap by suggesting a fresh viewpoint: the existence of corporate social irresponsibility and the dynamic relationships between corporate social responsibility and irresponsibility. Specifically, we ground on signaling perspective to explore the long-term financial impact of both responsibility and irresponsibility-related signals in their relational mechanisms. Using a sample of the largest American companies on a built longitudinal configurational framework, we find several causal recipes of combining these positive and negative signals toward a high level of financial performance. Our study makes theoretical contributions to signaling theory and corporate social performance research.

Keywords: CSI; CSR; tQCA; Greenwhashing; corporate social responsibility corporate social irresponsibility financial performance fsQCA; corporate social responsibility; corporate social irresponsibility; financial performance; fsQCA (search for similar items in EconPapers)
Date: 2023-06-14
Note: View the original document on HAL open archive server: https://hal.science/hal-04032510v1
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Published in Transforming Business for Good, EURAM Conference, Jun 2023, Dublin, Ireland

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