John - Clyde Hull and I have a paper forthcoming in SMJ that you might be
interested in. I have included the abstract. Please tell me if you want a
copy of this.
FIRM PERFORMANCE:
THE INTERACTIONS OF CORPORATE SOCIAL PERFORMANCE WITH INNOVATION AND
INDUSTRY DIFFERENTIATION
Summary
The impact of corporate social performance on firm financial performance has
been examined previously with mixed results. This paper examines the
possibility that corporate social performance enhances financial performance
by allowing the firm to differentiate, and that this effect may be moderated
both by innovation, which also drives firm differentiation, and the level of
differentiation in the industry. Hypotheses concerning both direct and
moderating effects are developed and tested using secondary data. Our
results support both innovation and the level of differentiation in the
industry as moderators for a positive relationship between corporate social
performance and financial performance: corporate social performance most
strongly affects performance in low-innovation firms and in industries with
little differentiation.
-----Original Message-----
From: Organizations and the Natural Environment Discussion
[mailto:
ONE-L@AOMLISTS.pace.edu] On Behalf Of John Peloza
Sent: Wednesday, October 10, 2007 2:39 PM
To:
ONE-L@AOMLISTS.pace.edu
Subject: Financial Valuation of CSR/Sustainability
***Apologies for cross-posting***
Dear Colleagues,
I am seeking studies that have quantified the value of sustainability and
CSR initiatives through financial metrics (e.g., ROA, etc.). Because
reviews in 2003 by Margolis and Walsh and Orlitky et al. thoroughly examined
the CSR-CFP relationship, I am especially interested in hearing from
researchers with unpublished work in this area, or forthcoming articles. I
am also interested in hearing from researchers who have examined strengths
and weaknesses of various financial measures as metrics for CSR.
Thank you in advance,
John
John Peloza, PhD
Simon Fraser University
Burnaby, British Columbia
peloza@sfu.ca