12 May '11, 3pm

Does Corporate Social Responsibility Increase Profits?

Does Corporate Social Responsibility Increase Profits?

Summing up their results, the researchers said, “we conduct[ed] a meta-analysis of 52 studies (which represent the population of prior quantitative inquiry) yielding a total sample size of 33,878 observations. The meta-analytic findings suggest that corporate virtue in the form of social responsibility and, to a lesser extent, environmental responsibility, is likely to pay off… CSP [corporate social performance] appears to be more highly correlated with accounting-based measures of CFP [corporate financial performance] than with market-based indicators, and CSP reputation indices are more highly correlated with CFP than are other indicators of CSP. This meta-analysis establishes a greater degree of certainty with respect to the CSP-CFP relationship than is currently assumed to exist by many business scholars.”

Full article: http://business-ethics.com/2011/05/12/does-corporate-soci...

Tweets

What Are the Best Books on Corporate Sustainability?

What Are the Best Books on Corporate Sustainabi...

greenbiz.com 11 May '11, 3pm

Judging by the number of books about business and the environment piling up on my shelves, the corporate sustainability mo...

Take Action: Business Accounting Software: Busi...

wiserearth.org 14 May '11, 5am

Oops, you do not have enough access privileges to view this page! If you've arrived at this page, it means you were trying...

What Does Corporate Responsibility Really Mean?

environmentalleader.com 23 May '11, 3pm

This is what “responsibility” and “sustainability” truly mean. Sustainable fishing practices ensure that there is a fish p...

What's Next in Corporate Sustainability?

What's Next in Corporate Sustainability?

greenbiz.com 06 May '11, 2pm

It seems like every company has gone green these days, but in spite of the abundance of corporate commitments and initiati...

A Sustainability Journey: The 5 Stages of Corporate Grief

A Sustainability Journey: The 5 Stages of Corpo...

triplepundit.com 16 May '11, 9am

I have seen these reactions often when corporations are confronted with social concerns by their stakeholders. It used to ...

Using “Social Proof” to Sell Sustainability | S...

sustainablelifemedia.com 12 May '11, 12pm

The principle of ‘social proof’ suggests that when deciding how to behave in an uncertain situation, most people simply co...

Firms failing to verify sustainability claims

businessgreen.com 12 May '11, 11am

Less than a quarter of the UK's 350 biggest companies are able to back up their sustainability claims with independent thi...

Social Media Shortcuts for Stakeholder Engagement

Social Media Shortcuts for Stakeholder Engagement

triplepundit.com 11 May '11, 9am

To test this out, I did a quick search for the keyword “Walmart” a few weeks ago, and you can see a screenshot of the resu...

What's Holding Back Corporate Sustainability Efforts?

What's Holding Back Corporate Sustainability Ef...

greenbiz.com 18 May '11, 8pm

SAP , the business-intelligence software giant, has thrown its weight behind sustainability in a big way in the last few y...

HP CSR Report Highlights Helping Customers Solve Green Challenges

HP CSR Report Highlights Helping Customers Solv...

greenbiz.com 10 May '11, 12pm

PALO ALTO, CA — As the IT industry continues to grow in prominence in the daily operations of businesses -- and individual...

Proxy Season to Step Up Efforts on Corporate Sustainability Issues

Proxy Season to Step Up Efforts on Corporate Su...

greenbiz.com 03 May '11, 1pm

NEW YORK, NY — As the 2011 shareholder resolution season kicks into gear, environmental and social sustainability issues w...

Bloomberg's Sustainability Edge

Bloomberg's Sustainability Edge

triplepundit.com 09 May '11, 9am

Hit the “About” button at the top of Bloomberg’s home page and you’ll get straight to the company’s founding principle bac...