Corporate responsibility and financial performance : the role of intangible resources
By: SURROCA, Jordi
.
Contributor(s): TRIBÓ, Josep A | WADDOCK, Sandra.
Material type: 
ArticlePublisher: U.S.A : Wiley-Blacjwell, may 2010Subject(s): Responsabilidade Social | Finanças | Rentabilidade | Custo Benefício | Empresa PrivadaStrategic Management Journal 31, 5, p. 463-490Abstract: This paper examines the effects of a firm's intangible resources in mediating the relationship between corporate responsibility and financial performance. We hypothesize that previous empirical findings of a positive relationship between social and financial performance may be spurious because the researchers failed to account for the mediating effects of intangible resources. Our results indicate that there is no direct relationship between corporate responsibility and financial performancemerely an indirect relationship that relies on the mediating effect of a firm's intangible resources. We demonstrate our theoretical contention with the use of a database comprising 599 companies from 28 countries. Copyright © 2009 John Wiley & Sons, Ltd.
This paper examines the effects of a firm's intangible resources in mediating the relationship between corporate responsibility and financial performance. We hypothesize that previous empirical findings of a positive relationship between social and financial performance may be spurious because the researchers failed to account for the mediating effects of intangible resources. Our results indicate that there is no direct relationship between corporate responsibility and financial performancemerely an indirect relationship that relies on the mediating effect of a firm's intangible resources. We demonstrate our theoretical contention with the use of a database comprising 599 companies from 28 countries. Copyright © 2009 John Wiley & Sons, Ltd.
Click on an image to view it in the image viewer
There are no comments for this item.