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Article: The paradoxical nexus between corporate social responsibility and sustainable financial performance: Evidence from the international construction business

TitleThe paradoxical nexus between corporate social responsibility and sustainable financial performance: Evidence from the international construction business
Authors
Issue Date2018
PublisherJohn Wiley & Sons Ltd. The Journal's web site is located at http://www.wiley.com/WileyCDA/WileyTitle/productCd-CSR.html
Citation
Corporate Social Responsibility and Environmental Management, 2018, v. 25 n. 5, p. 844-852 How to Cite?
AbstractThe aim of the research is to substantiate the hypothesis of a paradoxical dynamic link between corporate social responsibility (CSR) and its material implications including sustainable corporate financial performance (CFP). By analysing a panel of 67 international construction companies from 2006 to 2015, we found that CSR programs can be detrimental to CFP in the short term but conducive to improving it in the long term. The findings of this research indicate that, in the international construction business, the impact of CSR on CFP is not immediate and unchanging, and it takes time to materialize CSR for sustainable development. A significant practical use of this research is to provide evidence for the assertion that business stakeholders should be relieved from short‐termism in assuming social responsibility. Further research is recommended to test this support in a more general business setting towards developing a general theory on CSR and sustainable development.
Persistent Identifierhttp://hdl.handle.net/10722/256249
ISSN
2019 Impact Factor: 4.542
2015 SCImago Journal Rankings: 1.974
ISI Accession Number ID

 

DC FieldValueLanguage
dc.contributor.authorLu, W-
dc.contributor.authorYe, M-
dc.contributor.authorChau, KW-
dc.contributor.authorFlanagan, R-
dc.date.accessioned2018-07-20T06:31:39Z-
dc.date.available2018-07-20T06:31:39Z-
dc.date.issued2018-
dc.identifier.citationCorporate Social Responsibility and Environmental Management, 2018, v. 25 n. 5, p. 844-852-
dc.identifier.issn1535-3958-
dc.identifier.urihttp://hdl.handle.net/10722/256249-
dc.description.abstractThe aim of the research is to substantiate the hypothesis of a paradoxical dynamic link between corporate social responsibility (CSR) and its material implications including sustainable corporate financial performance (CFP). By analysing a panel of 67 international construction companies from 2006 to 2015, we found that CSR programs can be detrimental to CFP in the short term but conducive to improving it in the long term. The findings of this research indicate that, in the international construction business, the impact of CSR on CFP is not immediate and unchanging, and it takes time to materialize CSR for sustainable development. A significant practical use of this research is to provide evidence for the assertion that business stakeholders should be relieved from short‐termism in assuming social responsibility. Further research is recommended to test this support in a more general business setting towards developing a general theory on CSR and sustainable development.-
dc.languageeng-
dc.publisherJohn Wiley & Sons Ltd. The Journal's web site is located at http://www.wiley.com/WileyCDA/WileyTitle/productCd-CSR.html-
dc.relation.ispartofCorporate Social Responsibility and Environmental Management-
dc.rightsThis is the peer reviewed version of the following article: Corporate Social Responsibility and Environmental Management, 2018, v. 25 n. 5, p. 844-852, which has been published in final form at https://doi.org/10.1002/csr.1501. This article may be used for non-commercial purposes in accordance with Wiley Terms and Conditions for Use of Self-Archived Versions.-
dc.titleThe paradoxical nexus between corporate social responsibility and sustainable financial performance: Evidence from the international construction business-
dc.typeArticle-
dc.identifier.emailLu, W: wilsonlu@hku.hk-
dc.identifier.emailChau, KW: hrrbckw@hku.hk-
dc.identifier.authorityLu, W=rp01362-
dc.identifier.authorityChau, KW=rp00993-
dc.description.naturepostprint-
dc.identifier.doi10.1002/csr.1501-
dc.identifier.scopuseid_2-s2.0-85045115292-
dc.identifier.hkuros286253-
dc.identifier.volume25-
dc.identifier.issue5-
dc.identifier.spage844-
dc.identifier.epage852-
dc.identifier.isiWOS:000444540300013-
dc.publisher.placeUnited Kingdom-

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