Corporate social responsibility as a signaling technology

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• dc.contributor.author Epure, Mircea
• dc.date.accessioned 2024-03-04T14:00:42Z
• dc.date.available 2024-03-04T14:00:42Z
• dc.date.issued 2022
• dc.description.abstract This study proposes a production framework in which capital, labor, and corporate social responsibility (CSR) generate sales. Estimating a stochastic frontier on an international sample of large manufacturing firms reveals that CSR has asymmetric effects on efficiency. In a matched sample, the processes of high as compared to low CSR firms are affected less by a crisis shock. This can be largely attributed to the role of CSR as an insurance signal of processes sustainability, especially in market-based as compared to network-oriented contexts. Finally, results show that higher CSR helps firms to mitigate a crisis shock on real effects such as profitability and sales growth; this is mostly because these firms have a higher ability to adjust their operating margins and exhibit lower risk.
• dc.description.sponsorship This work received support from the Spanish Government through grants ECO2017-85763-R and CEX2019-000915-S.
• dc.format.mimetype application/pdf
• dc.identifier.citation Epure M. Corporate social responsibility as a signaling technology. Review of Managerial Science. 2022;16:907-30. DOI: 10.1007/s11846-021-00472-x
• dc.identifier.doi http://dx.doi.org/10.1007/s11846-021-00472-x
• dc.identifier.issn 1863-6683
• dc.identifier.uri http://hdl.handle.net/10230/59314
• dc.language.iso eng
• dc.publisher Springer
• dc.relation.ispartof Review of Managerial Science. 2022;16:907-30.
• dc.relation.projectID info:eu-repo/grantAgreement/ES/2PE/ECO2017-85763-R
• dc.relation.projectID info:eu-repo/grantAgreement/ES/2PE/CEX2019-000915-S
• dc.rights This version of the article has been accepted for publication, after peer review (when applicable) and is subject to Springer Nature’s AM terms of use, but is not the Version of Record and does not reflect post-acceptance improvements, or any corrections. The Version of Record is available online at: http://dx.doi.org/10.1007/s11846-021-00472-x
• dc.rights.accessRights info:eu-repo/semantics/openAccess
• dc.subject.keyword Corporate social responsibility
• dc.subject.keyword Efciency
• dc.subject.keyword Crisis
• dc.subject.keyword Proftability
• dc.subject.keyword Signaling
• dc.title Corporate social responsibility as a signaling technology
• dc.type info:eu-repo/semantics/article
• dc.type.version info:eu-repo/semantics/acceptedVersion