Re-thinking the CSP-CFP linkage: Analyzing the mechanisms involved in translating socially-responsible behavior to financial performance

Afshin Mehrpouya, Imran Chowdhury

Research output: Contribution to journalArticle

Abstract

In this chapter, we reexamine the notion that socially responsible behavior by firms will lead to increased financial performance. By identifying the underlying processes, institutional settings, and actors involved, we present a framework that is more attentive to the multiplicity and conditionality of the mechanisms operating in the often tenuous connection between firms’ social behavior and financial performance. Building and expanding upon existing analyses of the CSP–CFP linkage, our model helps to explain the mixed results from a wide range of empirical studies which examine this link. It also provides a novel theoretical account to help guide future researches that are more attentive to conditionalities and contextual contingencies.
Original languageEnglish
Pages (from-to)227-255
JournalAdvances in Strategic Management
Volume38
DOIs
Publication statusPublished - 10 Aug 2018

Keywords

  • business Ethics
  • Corporate Social Performance
  • Corporate Financial Performance
  • Corporate Social Responsibility
  • mechanisms

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