Corporate social responsibility, firm performance, and firm risk: the role of firm reputation

被引：41
|
作者：
Liu, Min [1 ]
Lu, Weijie [2 ]
机构：
[1] Zhongnan Univ Finance & Law, Sch Accounting, Wuhan, Hubei, Peoples R China
[2] Wuhan Univ, Econ & Management Sch, 299 Bayi Rd, Wuhan 430072, Hubei, Peoples R China
来源：
ASIA-PACIFIC JOURNAL OF ACCOUNTING & ECONOMICS | 2019年
关键词：
Corporate social responsibility (CSR); firm performance; firm risk; firm reputation; mediation effect; FINANCIAL PERFORMANCE; CONSUMER TRUST; CSR; ANTECEDENTS; IMPACT; CONSEQUENCES; EMPLOYEES; COMPANY;
D O I：
10.1080/16081625.2019.1601022
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
This paper examines the impacts of firms' corporate social responsibility (CSR) engagements on firm performance and firm risk, and explores the underlying mechanisms. We empirically demonstrate the active effect of CSR activities on firm performance improvement and risk mitigation. We further examine the role of firm reputation with published data from Fortune's Most Admired Companies list. We document a significant positive association between CSR and firm reputation, and find that firm reputation is positively related to firm performance while negatively related to firm risk. Based on our analyses, firm reputation mediates the effects of CSR on firm performance and firm risk. This study contributes to the CSR literature through exploring CSR-outcomes relationships with published reputation data.
引用
收藏
页码：525 / 545
页数：21
相关论文
共 50 条
  • [21] Brand equity and firm performance: the complementary role of corporate social responsibility
    Rahman, Mahabubur
    Angeles Rodriguez-Serrano, M.
    Lambkin, Mary
    JOURNAL OF BRAND MANAGEMENT, 2019, 26 (06) : 691 - 704
  • [22] Corporate Social Responsibility and Firm Financial Performance: The Mediating Role of Productivity
    Hasan, Iftekhar
    Kobeissi, Nada
    Liu, Liuling
    Wang, Haizhi
    JOURNAL OF BUSINESS ETHICS, 2018, 149 (03) : 671 - 688
  • [23] Corporate Social Responsibility and Firm Financial Performance: The Mediating Role of Productivity
    Iftekhar Hasan
    Nada Kobeissi
    Liuling Liu
    Haizhi Wang
    Journal of Business Ethics, 2018, 149 : 671 - 688
  • [24] The Sociopolitical Implications of Firm Reputation: Firm Financial Reputation x Social Reputation Interaction on Firm Financial Performance
    Martinez, Arthur D.
    Russell, Zachary A.
    Maher, Liam P.
    Brandon-Lai, Simon A.
    Ferris, Gerald R.
    JOURNAL OF LEADERSHIP & ORGANIZATIONAL STUDIES, 2017, 24 (01) : 55 - 64
  • [25] Brand equity and firm performance: the complementary role of corporate social responsibility
    Mahabubur Rahman
    M. Ángeles Rodríguez-Serrano
    Mary Lambkin
    Journal of Brand Management, 2019, 26 : 691 - 704
  • [26] The Role of Green Innovation in the Effect of Corporate Social Responsibility on Firm Performance
    Novitasari, Maya
    Tarigan, Zeplin Jiwa Husada
    ECONOMIES, 2022, 10 (05)
  • [27] Corporate social responsibility and firm performance: a theory of dual responsibility
    Al-Shammari, Marwan A.
    Banerjee, Soumendra Nath
    Rasheed, Abdul A.
    MANAGEMENT DECISION, 2022, 60 (06) : 1513 - 1540
  • [28] Does Stakeholder Perception of Firm's Corporate Social Responsibility Affect Firm Performance?
    Ravi, Siva Prasad
    INTERNATIONAL JOURNAL OF ASIAN BUSINESS AND INFORMATION MANAGEMENT, 2013, 4 (01) : 67 - 83
  • [29] Are corporate social responsibility and advertising complements or substitutes in producing firm reputation?
    Lloyd-Smith, Patrick
    An, Henry
    APPLIED ECONOMICS, 2019, 51 (21) : 2275 - 2288
  • [30] Does corporate social responsibility reporting actually destroy firm reputation?
    Miras-Rodriguez, Maria del Mar
    Bravo-Urquiza, Francisco
    Escobar-Perez, Bernabe
    CORPORATE SOCIAL RESPONSIBILITY AND ENVIRONMENTAL MANAGEMENT, 2020, 27 (04) : 1947 - 1957
12345