Stakeholder influence capacity and the variability of financial returns to corporate social responsibility
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I argue that research on the business case for corporate social responsibility must account for the path-dependent nature of firm-stakeholder relations, and I develop the construct of stakeholder influence capacity to fill this void. This construct helps explain why the effects of corporate social responsibility on corporate financial performance vary across firms and time. I develop a set of propositions to aid future research on the contingencies that produce variable financial returns to investment in corporate social responsibility.
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These companies will be able to obtain better resources, better employees and better opportunities.
“These companies will be able to obtain better resources, better employees and better opportunities.50”
From Artificial Intelligence and Sustainable Decisions (2023) · cites this paper as Barnett (2007)
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- Authors
- Barnett, M. L.
- Affiliations
- Rutgers, The State University of New Jersey (US)
- Corresponding author
- Barnett, Michael L.
- ORCID
- Barnett, Michael L.
- Venue
- Academy of Management Review
- Publisher
- Academy of Management
- Published
- 2007-07
- Volume
- 32
- Issue
- 3
- Pages
- 794-816
- ISSN
- 0363-7425 (ISSN-L)
- 1930-3807
- OpenAlex
- W2121191282
- Cited by
- 2,060
- References
- 122
- Citations by year
- 2026: 78 · 2025: 104 · 2024: 124 · 2023: 142 · 2022: 165 · 2021: 152 · 2020: 132 · 2019: 148 · 2018: 139 · 2017: 119 · 2016: 132 · 2015: 107 · 2014: 100 · 2013: 103 · 2012: 92
- FWCI
- 137.11
- Type
- journal article
- Language
- en
- Open access
- green
- papers.ssrn.com
- Locations
- Academy of Management Review (publishedVersion)
- Oxford University Research Archive (ORA) (University of Oxford) (acceptedVersion)
- Rutgers University Community Repository (Rutgers University) (submittedVersion)
- SSRN Electronic Journal (submittedVersion)
- Proceedings of the International Association for Business and Society
- 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 › Strategy and Management › Corporate Identity and Reputation
- Keywords
- corporate social responsibility, financial performance, business case for CSR, path dependence
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