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Beyond Market Strategies: How Multiple Decision-Maker Groups Jointly Influence Underperforming Firms’ Corporate Social (Ir)responsibility

Journal of Business Ethics, ISSN: 1573-0697, Vol: 178, Issue: 2, Page: 481-499
2022
  • 60
    Citations
  • 0
    Usage
  • 124
    Captures
  • 0
    Mentions
  • 0
    Social Media
Metric Options:   Counts1 Year3 Year

Metrics Details

  • Citations
    60
    • Citation Indexes
      60
  • Captures
    124

Article Description

Research based on the behavioral theory of the firm (BTOF) argues that firms will actively adopt strategic actions to respond to performance that falls below aspirations, that is performance shortfalls. However, most previous studies have focused on market-related strategic actions, paying less attention to the impact of performance shortfalls on non-market-related strategic actions, especially corporate social responsibility (CSR) and corporate social irresponsibility (CSI). In this study, we propose that firms facing performance shortfalls are likely to reduce CSR levels and increase CSI levels. In addition, we also propose that board characteristics (board size, board age and board tenure) have a significant moderating effect on the above relationship. Empirical analyses based on an unbalanced panel data of China's listed firms from 2010 to 2018 show that our arguments are largely supported.

Bibliographic Details

Xi Zhong; Liuyang Ren; Tiebo Song

Springer Science and Business Media LLC

Business, Management and Accounting; Arts and Humanities; Economics, Econometrics and Finance; Social Sciences

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