Corporate social responsibility and financial performance: correlation or misspecification?

By Abagail McWilliams, Donald S. Siegel. 2000

3,810 citations recorded by the source corpus.

Subfields: Accounting, Marketing, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/128fd0154eeaf6189fcff693abbd076aad42b900

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Citations in the corpus

Firm performance: the interactions of corporate social performance with innovation and industry differentiation (2008, methodology): “We used the methods outlined by Waddock and Graves (1997) and McWilliams and Siegel (2000) to measure CSP. Consistent with Ullmann’s (1985) suggestion, we constructed an index of CSP, based in this case on the CSP attributes ratings of the firm Kinder, Lydenberg, and Domini (KLD).”
Corporate social responsibility in times of financial crisis (2010, background): “In addition, there are many studies on the relation between CSR and financial performance (Coombs and Gilley, 2005; McWilliams and Siegel, 2000, Simpson and Kohers, 2002).”
Does the Market Respond to an Endorsement of Social Responsibility? The Role of Institutions, Information, and Legitimacy (2010, methodology): “The KLD data have been used widely in management and economics research, and although not perfect, they are acknowledged to be the best available measure of this sort (Hillman & Keim, 2001; McWilliams & Siegel, 2000; Strike et al., 2006; Waddock & Graves, 1997).”
Corporate social responsibility disclosures and earnings quality: Are they a reflection of managers’ opportunistic behavior? (2015, background): “A growing number of companies are considering social issues while developing their business strategies (Hillman and Keim, 2001; Dentchev, 2004; McWilliams and Siegel, 2000).”
Corporate social responsibility, board of directors, and firm performance: an analysis of their relationships (2014, background): “Regarding the control variables, firm size and belonging to an environmentally sensitive sector had a positive influence on CSR (Arora and Dharwadkar 2011; McWilliams and Siegel 2000).”
Multiperiod effects of corporate social responsibility on supply chain networks, transaction costs, emissions, and risk (2008, background): “…has focused on the study of the relationship between corporate social responsibility (CSR) and financial performance (Graves and Waddock, 1994; Griffin and Mahon, 1997; McGuire et al., 1988; McWilliams and Siegel, 2000; Preston and OBannon, 1997; Roman et al., 1999; Waddock and Graves, 1997).”
Shaping the shareholder activism agenda: institutional investors and global social issues (2006, background): “Prior work emphasizes that corporate social responsibility efforts in general may not have short-term financial performance impacts (McWilliams and Siegel, 2000).”
Corporate Social Responsibility That “Pays”: A Strategic Approach to CSR for SMEs ** (2017, background): “Although Wu (2006) finds that firm size does not have a visible effect on corporate performance (social or financial), other authors find that firm size matters for the relationship between CSR and firm performance (McWilliams and Siegel 2000).”
The relevance of corporate social responsibility for a sustainable human resource management: An analysis of organizational attractiveness as a determinant in employees' selection of a (potential) employer (2012, neutral): “2000s McWilliams et al. (2006),”
Post-innovation CSR Performance and Firm Value (2015, neutral): “…a negative or lack of association between CSR and financial/market performance (e.g., Fombrun and Shanley 1990; Hamilton et al. 1993; Klassen and Whybark 1999; McWilliams and Siegel 2000; Miles et al. 2002, 2004; Bauer et al. 2005; Brammer et al. 2006; Renneboog et al. 2008; Lee et al. 2009, 2013).”