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Article: A decade’s debate on the nexus between corporate social and corporate financial performance: a critical review of empirical studies 2002-2011

TitleA decade’s debate on the nexus between corporate social and corporate financial performance: a critical review of empirical studies 2002-2011
Authors
Issue Date2014
PublisherElsevier BV. The Journal's web site is located at http://www.elsevier.com/locate/jclepro
Citation
Journal of Cleaner Production, 2014, v. 79, p. 195-206 How to Cite?
AbstractTheoretical discussions and empirical studies on the nexus between corporate social responsibility/corporate social performance and corporate financial performance have never ceased since the origin of the concepts. The development trajectories of such studies should be articulated with a view to informing practical corporate social responsibility applications and theoretical studies in the future. This paper presents a critical review of relevant empirical research articles on the nexus between corporate social performance and corporate financial performance published during the ten-year period from 2002 to 2011. Using mixed-methods of content analyses and statistical analyses, the paper reviews 84 empirical studies of this kind published during the period. The results indicate that, despite the enormous amount of previous studies, the corporate social performance and corporate financial performance nexus is a line of inquiry that remains inconclusive. The pattern of corporate social performance-corporate financial performance relationship research in the decade examined has shifted towards exploring the linkages between specific aspects of the two constructs. The positive relationships between these specific aspects in dual directions are confirmed by most of the studies examined in this paper. The paper also examines the impact of time and space change on the corporate social performance-corporate financial performance nexus. The findings show that researchers have gradually recognized that the relationship is not static but changes over time. Furthermore, the paper finds that corporate social responsibility has been increasingly debated in developing countries and in specified industrial settings. The review concludes that to explore the corporate social performance-corporate financial performance nexus by contextualizing it in a specified community, and/or examine its dynamics is a promising research area that can yield significant academic and practical values.
Persistent Identifierhttp://hdl.handle.net/10722/198464
ISSN
2015 Impact Factor: 4.959
2015 SCImago Journal Rankings: 1.721

 

DC FieldValueLanguage
dc.contributor.authorLu, W-
dc.contributor.authorChau, KW-
dc.contributor.authorWang, H-
dc.contributor.authorPan, W-
dc.date.accessioned2014-07-07T07:06:43Z-
dc.date.available2014-07-07T07:06:43Z-
dc.date.issued2014-
dc.identifier.citationJournal of Cleaner Production, 2014, v. 79, p. 195-206-
dc.identifier.issn0959-6526-
dc.identifier.urihttp://hdl.handle.net/10722/198464-
dc.description.abstractTheoretical discussions and empirical studies on the nexus between corporate social responsibility/corporate social performance and corporate financial performance have never ceased since the origin of the concepts. The development trajectories of such studies should be articulated with a view to informing practical corporate social responsibility applications and theoretical studies in the future. This paper presents a critical review of relevant empirical research articles on the nexus between corporate social performance and corporate financial performance published during the ten-year period from 2002 to 2011. Using mixed-methods of content analyses and statistical analyses, the paper reviews 84 empirical studies of this kind published during the period. The results indicate that, despite the enormous amount of previous studies, the corporate social performance and corporate financial performance nexus is a line of inquiry that remains inconclusive. The pattern of corporate social performance-corporate financial performance relationship research in the decade examined has shifted towards exploring the linkages between specific aspects of the two constructs. The positive relationships between these specific aspects in dual directions are confirmed by most of the studies examined in this paper. The paper also examines the impact of time and space change on the corporate social performance-corporate financial performance nexus. The findings show that researchers have gradually recognized that the relationship is not static but changes over time. Furthermore, the paper finds that corporate social responsibility has been increasingly debated in developing countries and in specified industrial settings. The review concludes that to explore the corporate social performance-corporate financial performance nexus by contextualizing it in a specified community, and/or examine its dynamics is a promising research area that can yield significant academic and practical values.-
dc.languageeng-
dc.publisherElsevier BV. The Journal's web site is located at http://www.elsevier.com/locate/jclepro-
dc.relation.ispartofJournal of Cleaner Production-
dc.rightsNOTICE: this is the author’s version of a work that was accepted for publication in Journal of Cleaner Production. Changes resulting from the publishing process, such as peer review, editing, corrections, structural formatting, and other quality control mechanisms may not be reflected in this document. Changes may have been made to this work since it was submitted for publication. A definitive version was subsequently published in Journal of Cleaner Production, 2014, v. 79, p. 195-206. DOI: 10.1016/j.jclepro.2014.04.072-
dc.rightsCreative Commons: Attribution 3.0 Hong Kong License-
dc.titleA decade’s debate on the nexus between corporate social and corporate financial performance: a critical review of empirical studies 2002-2011-
dc.typeArticle-
dc.identifier.emailLu, W: wilsonlu@hku.hk-
dc.identifier.emailChau, KW: hrrbckw@hku.hk-
dc.identifier.emailPan, W: wpan@hku.hk-
dc.identifier.authorityLu, W=rp01362-
dc.identifier.authorityChau, KW=rp00993-
dc.identifier.authorityPan, W=rp01621-
dc.description.naturepostprint-
dc.identifier.doi10.1016/j.jclepro.2014.04.072-
dc.identifier.hkuros229706-
dc.identifier.volume79-
dc.identifier.spage195-
dc.identifier.epage206-
dc.publisher.placeNetherlands-

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