Journal of Business Ethics

, Volume 144, Issue 1, pp 201–217 | Cite as

Strategic Outcomes in Voluntary CSR: Reporting Economic and Reputational Benefits in Principles-Based Initiatives

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Abstract

Although existing research evaluates the growth and motivations behind global corporate social responsibility (CSR) activity, there is little understanding whether these growing commitments generate strategic benefits to their adherents. In this article, we analyze the organizational attributes that underlie the firm’s ability to generate competitive advantage from the adoption of a global CSR framework. We develop hypotheses on economic and reputational benefits and test whether firm performance, organizational resources, and access to business and CSR networks determine these benefits in CSR frameworks. Results from a survey of 213 Spanish global compact business participants strongly support our arguments.

Keywords

Global CSR frameworks Economic theory of strategic CSR Resource-based view Corporate social performance Corporate financial performance Competitive advantage UN Global Compact 

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Copyright information

© Springer Science+Business Media Dordrecht 2015

Authors and Affiliations

  1. 1.Department of Marketing and Management SciencesWilliam Paterson UniversityWayneUSA
  2. 2.School of BusinessCity University of New York - College of Staten IslandStaten IslandUSA

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