EconPapers    
Economics at your fingertips  
 

Motivations for Corporate Social Responsibility: all talk and no walk?

Cesare Riillo and Francesco Sarracino

MPRA Paper from University Library of Munich, Germany

Abstract: Corporate Social Responsibility (CSR) can be defined as voluntarily going beyond what the law requires to achieve social and environmental objectives. Present work provides the profile of the firms adopting CSR strategies in Luxembourg focusing on intrinsic and extrinsic motivations for CSR. The analysis is performed using ICT 2011 data representative of the whole economy, including large, medium and small enterprises of the manufacturing and service sectors. Contingency analysis contrasted the adoption of CSR with a set of firms’ features (size, group, exports, sector of economic activity and perceived competition). The econometric analysis explores the link between firm’s features and CSR disclose. The typical firm that adopts CSR practices is a large market leader, part of an international group, with a strong international reputation and operating in the utilities sector. Looking at the reasons behind the CSR, both intrinsic and extrinsic motivations are strongly correlated with CSR. Firms choose CSR both as a tool to promote their image and as part of their corporate culture. Some policy implications conclude the research.

Keywords: Corporate Social Responsibility; motivations; Luxembourg; logit; firms’ characteristics (search for similar items in EconPapers)
JEL-codes: D22 L21 L39 M14 (search for similar items in EconPapers)
Date: 2014-11-25
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/60211/1/MPRA_paper_60211.pdf original version (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:60211

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().

 
Page updated 2020-10-23
Handle: RePEc:pra:mprapa:60211