Corporate social responsibility in a competitive business environment
Research output: Working paper
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 |
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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 |
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Number | 7 |
Bibliographical note
JEL classification: O12, O14, O35, O53
- Faculty of Social Sciences - O12, O14, O35, O53
Research areas
Links
ID: 158214477