Strategic CSR and firm performance

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Maury , B 2021 , ' Strategic CSR and firm performance : The role of prospector and growth strategies ' , Journal of Economics and Business .

Title: Strategic CSR and firm performance;
The role of prospector and growth strategies
Author: Maury, Benjamin
Contributor: Hanken School of Economics, Finance, Helsinki
Belongs to series: Journal of Economics and Business
ISSN: 0148-6195
Abstract: This paper investigates the relations between CSR, business strategies, and future firm performance. The focus is on how strategies such as growth, prospector, and defender strategies affect the CSR-performance relation. Prospector strategies are associated with high R&D and advertising expenses but low capital intensity, while a general growth strategy is measured by revenue growth. Using a sample of listed companies from 23 developed countries by MSCI, CSR improvements are shown to be positively related to future profitability in prospector and growth firms. Both growth and prospector strategies improve the performance of CSR activities.
Date: 2021-09-27
Subject: 512 Business and Management
corporate social responsibility
business strategy
prospector firms
firm performance
2 - Hybrid open access publication channel
1 - Self archived
0- Ingen av författarna har en utländsk affiliation
1- Publicerad utomlands
0- Ingen affiliation med ett företag

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