Corporate social responsibility in a competitive business environment

Carol Newman; John Rand; Finn Tarp; Neda Trifkovic

Corporate social responsibility in a competitive business environment

Carol Newman, John Rand, Finn Tarp, Neda Trifkovic

Abstract

Using a specially designed survey instrument in combination with a representative sample of Vietnamese enterprises, we explore firm-level efficiency effects of corporate social responsibility. We find a positive relationship between adoption of corporate social responsibility initiatives and firm efficiency, and reveal that the impact is stronger for firms in non-competitive industries. Moreover, we show that local community focused corporate social responsibility initiatives drive the aggregate effect. This suggests that socially responsible actions by firms are likely to pay-off when stakeholder engagement has a localized focus. We provide evidence of reciprocity by showing that employees accept a lower share of additionally generated value added in exchange for working in a company that signals ‘good’ corporate values.

Original language	English
Place of Publication	Helsinki, Finland
Publisher	UNU-WIDER
Number of pages	24
ISBN (Print)	978-92-9256-050-8
Publication status	Published - 2016

Series	UNU WIDER Working Paper Series
Number	7

Keywords

Faculty of Social Sciences
O12
O14
O35
O53

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

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Cite this

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title = "Corporate social responsibility in a competitive business environment",

abstract = "Using a specially designed survey instrument in combination with a representative sample of Vietnamese enterprises, we explore firm-level efficiency effects of corporate social responsibility. We find a positive relationship between adoption of corporate social responsibility initiatives and firm efficiency, and reveal that the impact is stronger for firms in non-competitive industries. Moreover, we show that local community focused corporate social responsibility initiatives drive the aggregate effect. This suggests that socially responsible actions by firms are likely to pay-off when stakeholder engagement has a localized focus. We provide evidence of reciprocity by showing that employees accept a lower share of additionally generated value added in exchange for working in a company that signals {\textquoteleft}good{\textquoteright} corporate values.",

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AU - Newman, Carol

AU - Rand, John

AU - Tarp, Finn

AU - Trifkovic, Neda

N1 - JEL classification: O12, O14, O35, O53

PY - 2016

Y1 - 2016

N2 - Using a specially designed survey instrument in combination with a representative sample of Vietnamese enterprises, we explore firm-level efficiency effects of corporate social responsibility. We find a positive relationship between adoption of corporate social responsibility initiatives and firm efficiency, and reveal that the impact is stronger for firms in non-competitive industries. Moreover, we show that local community focused corporate social responsibility initiatives drive the aggregate effect. This suggests that socially responsible actions by firms are likely to pay-off when stakeholder engagement has a localized focus. We provide evidence of reciprocity by showing that employees accept a lower share of additionally generated value added in exchange for working in a company that signals ‘good’ corporate values.

AB - Using a specially designed survey instrument in combination with a representative sample of Vietnamese enterprises, we explore firm-level efficiency effects of corporate social responsibility. We find a positive relationship between adoption of corporate social responsibility initiatives and firm efficiency, and reveal that the impact is stronger for firms in non-competitive industries. Moreover, we show that local community focused corporate social responsibility initiatives drive the aggregate effect. This suggests that socially responsible actions by firms are likely to pay-off when stakeholder engagement has a localized focus. We provide evidence of reciprocity by showing that employees accept a lower share of additionally generated value added in exchange for working in a company that signals ‘good’ corporate values.

KW - Faculty of Social Sciences

KW - O12

KW - O14

KW - O35

KW - O53

M3 - Working paper

SN - 978-92-9256-050-8

T3 - UNU WIDER Working Paper Series

BT - Corporate social responsibility in a competitive business environment

PB - UNU-WIDER

CY - Helsinki, Finland

ER -

Corporate social responsibility in a competitive business environment

Abstract

Keywords

UN SDGs

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Cite this