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- Marc Orlitzky
- University of New South Wales
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- John D. Benjamin
- American University
書誌事項
- 公開日
- 2001-12
- 権利情報
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- https://journals.sagepub.com/page/policies/text-and-data-mining-license
- DOI
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- 10.1177/000765030104000402
- 公開者
- SAGE Publications
この論文をさがす
説明
<jats:p> Building on earlier work on the relationship between corporate social performance (CSP) and a firm’s financial performance, this integrative empirical study supports the theoretical argument that the higher a firm’s CSP the lower its financial risk. Specifically, the relationship between CSP and risk appears to be one of reciprocal causality, because prior CSP is negatively related to subsequent financial risk, and prior financial risk is negatively related to subsequent CSP. Additionally, CSP is more strongly correlated with measures of market risk than measures of accounting risk. Of all CSP measures, reputation for social responsibility appears to be the most important one in terms of its risk implications. </jats:p>
収録刊行物
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- Business & Society
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Business & Society 40 (4), 369-396, 2001-12
SAGE Publications