The grand misapprehension: A response to Aneel Karnani's "'doing well by doing good': The grand illusion"

California Management Review

Volumn 53, Issue 2, 2011, Pages 112-116

  Rivoli, Pietra ^a   Waddock, Sandra ^a  

^a NONE

Author keywords

[No Author keywords available]

Indexed keywords

EID: 80054041399     PISSN: 00081256     EISSN: None     Source Type: Journal    
DOI: 10.1525/cmr.2011.53.2.112     Document Type: Article

References (6)

1. See Sandra Waddock and Samuel B. Graves, "The corporate social performance-financial performance link", Strategic Management Journal, 18/4(1997):303-319. (Pubitemid 127467154)
2. For example, Margolis et al. studied more than 160 research papers to come to this conclusion. Joshua D. Margolis, Hilary Anger Elfenbein, and James P. Walsh, "Does It Pay To Be Good... And Does It Matter? A Meta-Analysis Of The Relationship Between Corporate Social And Financial Performance", Harvard Business School and University of Michigan Working Paper, 2009.
3. See also Joshua D. Margolis and Hillary Anger Elfenbein, "Do Well by Doing Good? Don't Count on It", Harvard Business Review, 86/1(January 2008):19-20;
4. Joshua D. Margolis and James P. Walsh, "Misery Loves Companies: Rethinking Social Initiatives By Business", Administrative Science Quarterly, 48(2003):268-305. Sam Graves, Jegoo Lee, and Sandra Waddock have also completed a 15-year study of the corporate responsibility-financial performance link using a risk-adjusted measure (still unpublished) and come to a similar conclusion about the neutrality of the relationship.
5. Indeed is highly consistent with stakeholder thinking, as developed by R. Edward Freeman, Strategic Management: A Stakeholder Approach (Boston, MA: Pitman, 1984).
6. Aneel Karnani, "'Doing Well by Doing Good': The Grand Illusion", California Management Review, 53/2(Winter 2011):70.