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Journal of Business Ethics

, Volume 79, Issue 3, pp 299–310

First Online: 06 April 2007Received: 18 January 2006Accepted: 21 February 2007

Abstract

Although agreement on the positive sign of the relationship between corporate social and financial performance is observed in the literature, the mechanisms that constitute this relationship are not yet well-known. We address this issue by extending management’s stakeholder theory by adding insights from psychology’s prospect decision theory and sociology’s resource dependence theory. Empirically, we analyze an extensive panel dataset, including information on disaggregated measures of social performance for the SandP 500 in the 1997–2002 period. In so doing, we enrich the extant literature by focusing on stakeholder heterogeneity, perceptional framing, and disaggregated measures of corporate social performance.

Keywordspanel data analysis prospect decision theory resource dependence theory social responsibility stakeholder theory  Download to read the full article text



Autor: Gerwin Van der Laan - Hans Van Ees - Arjen Van Witteloostuijn

Fuente: https://link.springer.com/







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