Corporate social strategy in multinational enterprises: Antecedents and value creation

Journal of Business Ethics

Volumn 74, Issue 4, 2007, Pages 345-361

  Husted, Bryan W ^a,b   Allen, David B ^b  

^a SCHOOL OF ENGINEERING AND SCIENCES   (Mexico)

^b IE BUSINESS SCHOOL   (Spain)

Author keywords

Corporate social responsibility; Multinational enterprise; Social strategy; Value creation

Indexed keywords

EID: 36049006776     PISSN: 01674544     EISSN: 15730697     Source Type: Journal    
DOI: 10.1007/s10551-007-9511-4     Document Type: Article

References (87)

1. Abaroa R. M. (1999) Towards 2005: Profits, People, and the Future of the Regulatory State in the Free Market Model. Law and Policy in International Business 30:131-138
2. Agle B. R., R. K. Mitchell, J. A. Sonnenfeld (1999) Who Matters to CEOs? An Investigation of Stakeholder Attributes and Salience, Corporate Performance, and CEO Values. Academy of Management Journal 42(5):507-525
3. Albert S., D. A. Whetten (1985) Organizational Identity. Research in Organizational Behavior 7:263-295
4. Aldrich H. E. (1979) Organizations and Environments. Prentice-Hall, Englewood Cliffs, N.J
5. Alvesson M., P. O. Berg (1992) Corporate Culture and Organizational Symbolism: An Overview. Walter de Gruyter, Berlin
6. Andrews K. (1987) A Concept of Corporate Strategy. 3rd edn, Irwin, Homewood, IL
7. Ansoff H. I. (1991) Critique of Henry Mintzberg's the Design School: Reconsidering the Basic Premises of Strategic Management. Strategic Management Journal 12(6):449-461
8. Armstrong J. S., T. S. Overton (1977) Estimating Non-Response Bias in Mail Surveys. Journal of Marketing Research 18(3):396-402
9. Austin J. E. (1990) Managing in Developing Countries. Free Press, New York, NY
10. Banco de México: 2003, Información financiera y económica: Indicadores económicos y financieros [internet document] http://www.banxico.org.mx/cgi_inveco/sibamexbd. exe. (accessed 2 December 2003)
11. Bansal P., K. Roth (2000) Why Companies Go Green: A Model of Ecological Responsiveness. Academy of Management Journal 43(4):717-736
12. Barney J. B. (1986) Organizational Culture: Can It Be a Source of Sustained Competitive Advantage? Academy of Management Review 11(3):656-665
13. Barney J. (1991) Firm Resources and Sustained Competitive Advantage. Journal of Management 17:99-120
14. Baron D. P. (1995) Integrated Strategy: Market and Non-Market Components. California Management Review 37(2):47-65
15. Berman S. L., A. C. Wicks, S. Kotha, T. M. Jones (1999) Does Stakeholder Orientation Matter? the Relationship Between Stakeholder Management Models and Firm Financial Performance. Academy of Management Journal 42(5):488-506
16. Brandenburger A. M., B. J. Nalebuff (1995) The Right Game: Use Game Theory to Shape Strategy. Harvard Business Review 73(4):57-71
17. Breyer S. (1982) Regulation and its Reform. Harvard University Press, Cambridge, MA
18. Burke L., J. M. Logsdon (1996) How Corporate Social Responsibility Pays off. Long Range Planning 29:495-502
19. Business for Social Responsibility: (2003) [internet document] http://www.bsr.org/Meta/About/index.cfm (accessed 3 December 2003)
20. Cochran P.L., R. A. Wood (1984) Corporate Social Responsibility and Financial Performance. Academy of Management Journal 27(1):42-56
21. Collis D. J., C. A. Montgomery (1995) Competing on Resources: Strategy in the 1990s. Harvard Business Review 73(4):118-129
22. De Geus A. (1988) Planning as Learning. Harvard Business Review 66(2):70-74
23. Dess G. G., D. W. Beard (1984) Dimensions of Organizational Task Environments. Administrative Science Quarterly 29:52-73
24. Eisenhardt K. (2000) Dynamic Capabilities: What are they? Strategic Management Journal 21:1105-1121
25. Esty D. (1999) Toward Optimal Environmental Governance. New York University Law Review 74(6):1495-1574
26. Fombrun C., C. Shanley (1990) What's in a Name? Reputation Building and Corporate Strategy. Academy of Management Review 33(2):233-258
27. Freeman R. E. (1984) Strategic Management: A Stakeholder Approach. Pitman, Boston, MA
28. Frooman J. (1999) Stakeholder Influence Strategies. Academy of Management Review 24(2):191-205
29. Geertz C. (1973) The Interpretation of Cultures: Selected Essays. Basic Books, New York, NY
30. Ghoshal S., P. Moran (1996) Bad for Practice: A Critique of the Transaction Cost Theory. Academy of Management Journal 21:13-47
31. Gnyawali D. R. (1996) Corporate Social Performance: An International Perspective. Advances in International Comparative Management 11:251-273
32. Goll I. (1991) Environment, Corporate Ideology, and Employee Involvement Programs. Industrial Relations 30:138-149
33. Goll, I. and Sambharya R.B.: 1990, The Effect of Organizational Culture and Leadership on Firm Performance', in P. Shrivastava and R. Lamb (eds.), Advances in Strategic Management, Vol. 6 (JAI Press, Greenwich, CT) pp. 183-200
34. Goll I., Sambharya R. B. (1995) Corporate Ideology, Diversification and Firm Performance. Organization Studies 16(5):823-846
35. Goll I., Zeitz G. (1991) Conceptualizing and Measuring Corporate Ideology. Organization Studies 12(2):191-207
36. Grant R. M. (2002) Contemporary Strategy Analysis: Concepts, Techniques, Applications. Blackwell Publishers, Malden, MA
37. Griffin J. J., Mahon J. F. (1997) The Corporate Social Performance and Corporate Financial Performance Debate: Twenty-Five Years of Incomparable Research. Business & Society 36(1):5-31
38. Hair J. F. Jr., R. E. Anderson, R. L. Tatham, W. C. Black (1992) Multivariate Data Analysis. Macmillan, New York
39. Hall R. (1993) The Strategic Analysis of Intangible Resources. Strategic Management Journal 13(2):135-144
40. Hambrick D. C., P. A. Mason (1984) Upper Echelons: The Organization as a Reflection of its Top Managers. Academy of Management Review 9(2):193-206
41. Hamel G., C. K. Prahalad (1989) Strategic Intent. Harvard Business Review 67(3):63-76
42. Harris-Interactive: 2003, Reputation quotient: Benefits. [internet document] http://www.harrisinteractive.com/ pop__up/rq/benefits.asp (accessed 3 December 2003).
43. Henriques I., P. Sadorsky (1999) The Relationship Between Environmental Commitment and Managerial Perceptions of Stakeholder Importance. Academy of Management Journal 42(1):87-99
44. Hillman A. J., G. D. Keim (2001) Shareholder Value, Stakeholder Management, and Social Issues: What's the Bottom Line?. Strategic Management Journal 22(2):125-139
45. Kahneman D., Tversky A. (1984) Choices, Values, and Frames. American Psychologist 39(4):341-350
46. Kanter R. M. (1999) From Spare Change to Real Change. Harvard Business Review 77(3):122-132
47. Keats B. W., M. A. Hitt (1988) A Causal Model of Linkage Among Environmental Variables. Academy of Management Journal 31(3):570-599
48. Kluckhohn C. et al. (1952) Values and Value-Orientations in the Theory of Action. in T. Parsons, E. A. Shils (eds.), Toward a General Theory of Action. (pp. 388-433). Harvard University Press, Cambridge, MA
49. Liedtka J. M. (2000) In Defense of Strategy as Design. California Management Review 42(3):8-30
50. Maignan I., O. C. Ferrell, G. T. M. Hult (1999) Corporate Citizenship: Cultural Antecedents and Business Benefits. Journal of the Academy of Marketing Science 27(4):455-469
51. Margolis J. D., J. W. Walsh (2001) People and Profits? The Search for a Link Between a Firm's Social and Financial Performance. Lawrence Erlbaum Publishers, Mahwah, NJ
52. McWilliams A., D. Siegel (2000) Corporate Social Responsibility and Financial Performance: Correlation or Misspecification?. Strategic Management Journal 21:603-609
53. Menon A., A. Menon (1997) Enviropreneurial Marketing Strategy: The Emergence of Corporate Environmentalism as Market Strategy. Journal of Marketing 61:51-67
54. Miles R. E., H. J. Coleman Jr., W. E. D. Creed (1995) Keys to Success in Corporate Redesign. California Management Review 37(3):128-145
55. Miles, R.E. and W.E.D. Creed: 1995, Organizational Forms and Managerial Philosophies: A Descriptive and Analytical Review', in B. M. Staw and L. L. Cummings (eds.), Research in Organizational Behavior, Vol. 17, (JAI Press, Greenwich, CT) pp. 333-372.
56. Miller D. (1988) The Relationship of Porter's Business Strategies to Environment and Structure. Academy of Management Journal 31:280-308
57. Mintzberg H. (1990) The Design School: Reconsidering the Basic Premises of Strategic Management. Strategic Management Journal 11(3):171-195
58. Mitchell R. K., B. R. Agle, D. J. Wood (1997) Toward a Theory of Stakeholder Identification and Salience: Defining the Principle of Who and What Really Counts. Academy of Management Review 22(4):853-886
59. Nunnally J. C., I. H. Bernstein (1994) Psychometric Theory (3rd edn.) McGraw-Hill, New York, NY
60. O'Reilly C. A. III, J. Pfeffer (2000) Hidden Value: How Great Companies Achieve Extraordinary Results with Ordinary People. Harvard Business School Press, Boston, MA
61. Palmer K., W. E. Oates, P. R. Portney (1995) Tightening Environmental Standards: The Benefit-Cost Paradigm or the No-Cost Paradigm?. Journal of Economic Perspectives 9(4):119-132
62. Pettigrew, A. M.: 1979, On Studying Organizational Cultures', Administrative Science Quarterly 24, 570-581
63. Pfeffer J., G. R. Salancik (1978) The External Control of Organizations: A Resource Dependence Perspective. Harper & Row, Publishers, New York, NY
64. Podsakoff P. M., D. W. Organ (1986) Self-Reports in Organizational Research: Problems and Prospects. Journal of Management 12:531-44
65. Porter M. E. (1980) Competitive Strategy. The Free Press, New York, NY
66. Porter M. E. (1985) Competitive Advantage. The Free Press, New York, NY
67. Prahalad C. K., R. A. Bettis (1986) The Dominant Logic: A New Linkage Between Diversity and Performance. Strategic Management Journal 7:485-501
68. Post J. E., L. E. Preston, S. Sachs (2002) Redefining the Corporation: Stakeholder Management and Organizational Wealth. Stanford University Press, Stanford, CA
69. Priem R. L., J. E. Butler (2001) Is The Resource-Based "View" A Useful Perspective for Strategic Management Research?. Academy of Management Review 26(1):22-40
70. Reinhardt F. (1999) Market Failure and the Environmental Policies of Firms: Economic Rationales for "Beyond Compliance" Behavior. Journal of Industrial Ecology 3(1):9-21
71. Roth K., D. M. Schweiger, A. J. Morrison (1991) Global Strategy Implementation at the Business Unit Level: Operational Capabilities and Administrative Mechanisms. Journal of International Business Studies 22(3):369-402
72. Rowley T. (1997) Moving Beyond Dyadic Ties: A Network Theory of Stakeholder Influences. Academy of Management Review 22:887-910
73. Russo M. V., P. A. Fouts (1997) A Resource-Based Perspective on Corporate Environmental Performance and Profitability. Academy of Management Journal 40:534-559
74. Sampler J. (1998) Redefining Industry Structure for the Information Age. Strategic Management Journal 19:343-355
75. Savage G. T., T. H. Nix, C. J. Whitehead, J. D. Blair (1991) Strategies for Assessing and Managing Organizational Stakeholders. Academy of Management Executive 5(2):61-75
76. Sharfman M. P., T. S. Pinkston, T. D. Sigerstad (2000) The Effects of Managerial Values on Social Issues Evaluation: An Empirical Examination. Business & Society 39(2):144-182
77. Sharma S. (2000) Managerial Interpretations and Organizational Context as Predictors of Corporate Choice of Environmental Strategy. Academy of Management Journal 43(4):681-697
78. Sharma S., Pablo A. L., H. Vredenburg (1999) Corporate Environmental Responsiveness Strategies: The Importance of Issue Interpretation and Organizational Context. Journal of Applied Behavioral Science 35(1):87-108
79. Sharma S., H. Vredenburg (1998) Proactive Corporate Environmental Strategy and the Development of Competitively Valuable Environmental Capabilities. Strategic Management Journal 19:729-753
80. Simon H. A. (1976) Administrative Behavior. Free Press, New York, NY
81. Simons T., P. Ingram (1997) Organization and Ideology: Kibbutzim and Hired Labor, 1951-1965. Administrative Science Quarterly 42:784-813
82. Staw B. W., E. Szwajkowski (1975) The Scarcity-Munificence Component of Organization Environments and the Commission of Illegal Acts. Administrative Science Quarterly 20:345-354
83. Sutcliffe K., G. Huber (1998) Firm and Industry Determinants of Executive Perceptions of the Environment. Strategic Management Journal 19:793-809
84. Trice H. M., J. M. Beyer (1993) The Cultures of Work Organizations. Prentice Hall, Englewood Cliffs, NJ
85. Ullman A. H. (1985) Data In Search of a Theory: A Critical Examination of the Relationships Among Social Performance, Social Disclosure, and Economic Performance of US Firms. Academy of Management Review 10(3):540-557
86. Waddock S. A., S. B. Graves (1997) The Corporate Social Performance - Financial Performance Link. Strategic Management Journal 18(4):303-319
87. White H. (1980) A Heteroskedasticity-Consistent Covariance Matrix Estimatory and a Direct Test for Heteroskedasticity. Econometrica 48(4):817-838