Cited by 7,567Corporate Social Responsibility ReportingCorporate Social Responsibility and SustainabilityEnvironmental Sustainability in Business

Corporate Social Responsibility: a Theory of the Firm Perspective

McWilliams, Abagail, Siegel, Donald·2001·The Academy of Management Review

Abstract

We outline a supply and demand model of corporate social responsibility (CSR). Based on this framework, we hypothesize that a firm's level of CSR will depend on its size, level of diversification, research and development, advertising, government sales, consumer income, labor market conditions, and stage in the industry life cycle. From these hypotheses, we conclude that there is an “ideal” level of CSR, which managers can determine via cost-benefit analysis, and that there is a neutral relationship between CSR and financial performance.

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Crossref · 10.2307/259398

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3 of 3 references verified0 citation errors · 0 not checkable

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  • CSR satisfies all stakeholder groups, including staff.

    “McWilliams and Siegel (2001) believe that CSR satisfies all stakeholder groups, including staff.”

    From Corporate social responsibility influences employee engagement (2018) · cites this paper as McWilliams and Siegel (2001)

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Authors
McWilliams, A., & Siegel, D.
Affiliations
  • University of Illinois Chicago (US)
  • University of Nottingham (GB)
Venue
The Academy of Management Review
Published
2001-01
Volume
26
Issue
1
Pages
117
ISSN
0363-7425 (ISSN-L)
OpenAlex
W2128264241
Cited by
7,567
References
3
Citations by year
2026: 236 · 2025: 369 · 2024: 438 · 2023: 531 · 2022: 525 · 2021: 505 · 2020: 523 · 2019: 451 · 2018: 510 · 2017: 426 · 2016: 403 · 2015: 428 · 2014: 377 · 2013: 344 · 2012: 354
FWCI
92.89
Type
journal article
Language
en
Open access
closed
Locations
Academy of Management Review (publishedVersion)
Topics
  • Social Sciences › Business, Management and Accounting › Strategy and Management › Corporate Social Responsibility Reporting
  • Social Sciences › Business, Management and Accounting › Organizational Behavior and Human Resource Management › Corporate Social Responsibility and Sustainability
  • Social Sciences › Business, Management and Accounting › Marketing › Environmental Sustainability in Business
Keywords
corporate social responsibility, supply and demand model, firm size, diversification, research and development, advertising, government sales, consumer income, labor market conditions, industry life cycle, cost-benefit analysis, CSR and financial performance, theory of the firm

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