Corporate Social Action, Social and Financial Performance, Institutions and Governance: Concluding Remarks

Abstract

This book reviews the implications for financial and social performance of corporate social responsibility and action (CSRA) in developed and developing countries and in environmentally hazardous industries. It also explores key aspects of CSRA, including internal and external factors that influence it, such as features relating to corporate governance and to the institutional environment within which firms operate. The analyses have important implications for the broader literature on CSRA, which seeks to understand what factors determine the outcomes of corporate social action (CSA) and to disentangle the complex relationship between CSA and corporate social and financial performance. The many themes covered in the book converge along three key aspects: the relationship between CSRA and performance; the impact of the institutional context on corporate engagement in CSRA; and the interactions between CSRA and corporate governance.