Corporate Social Performance and Firm Risk: A Meta-Analytic Review

By Marc Orlitzky, John D. Benjamin. 2001

981 citations recorded by the source corpus.

Subfields: Accounting, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/c2619286426c621856d0bf0b120032d2ba2e84a2

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In Accounting

1. H. Jo
2. Yongtae Kim
3. Maretno Agus Harjoto
4. Timo Busch
5. Jinhua Cui
6. Li Cai
7. Ioannis Oikonomou
8. Marcus Wagner

In Strategy and Management

1. H. Jo
2. Timo Busch
3. Yongtae Kim
4. Donald S. Siegel
5. Maretno Agus Harjoto
6. Jinhua Cui
7. Marcus Wagner
8. Patrick Velte

Citations in the corpus

• Does Community and Environmental Responsibility Affect Firm Risk? Evidence from UK Panel Data 1994-2006 (2011, neutral): “investor. True economic performance, as Orlitzky and Benjamin (2001, p.369) point out, manifests”
• A Meta-Analytic Review of Corporate Social Responsibility and Corporate Financial Performance (2016, methodology): “To figure out this inconsistent relationship, some scholars have used the method of meta-analysis to investigate the CSR–CFP linkage (Margolis & Walsh, 2003; Orlitzky & Benjamin, 2001; Orlitzky et al., 2003).”
• Corporate Social Responsibility: Is it Rewarded by the Corporate Bond Market? A Critical Note (2010, background): “But also the influence of CSR on a number of company-specific risk ratios (for example, earnings volatility, leverage or stock beta) has been analysed as the meta-study by Orlitzky and Benjamin (2001) demonstrates.”
• Sustainable Development and Financial Markets (2016, background): “Such changing conditions in business environments can affect business risk, profitability, and ultimately firms’ competitive advantage, according to some evidence (Orlitzky, 2001, 2008; Orlitzky & Benjamin, 2001; Orlitzky & Swanson, 2008).”
• Multiperiod effects of corporate social responsibility on supply chain networks, transaction costs, emissions, and risk (2008, background): “…proactive CSR that engage in managerial practices like environmental assessment and stakeholder management (Wood, 1991) tend to anticipate and reduce potential sources of business risk, such as potential governmental regulation, labor unrest, or environmental damage (Orlitzky and Benjamin, 2001).”
• Corporate Environmental Responsibility and Firm Risk (2015, background): “3 The effect of CSR engagement on firm risk is documented by several studies including McGuire et al. (1988), Feldman et al. (1997), Orlitzky and Benjamin (2001), Husted (2005), Godfrey et al. (2009), Salama et al. (2011), and Oikonomou et al. (2012).”
• Which Dimensions of Social Responsibility Concern Financial Investors? (2013, methodology): “Using meta-analysis, Orlitzky and Benjamin (2001) summarize the results of the”
• Signaling through corporate accountability reporting (2015, positive): “We include book leverage and market-to-book as stable firms with lower risk generally appear more likely to make CSR expenditures (Cochran and Wood, 1984; Orlitzky and Benjamin, 2001).”
• Does Corporate Social Responsibility (CSR) Create Shareholder Value? Evidence from the Indian Companies Act 2013 (2017, positive): “Third, as Lys, Naughton and Wang (2015) suggest, CSR might 2 For reviews of the literature on CSR, see Griffin and Mahon (1997), Orlitzky and Benjamin (2001), Orlitzky, Schmidt and Rynes.”