How do Companies Invest in Corporate Social Responsibility? An Ordonomic Contribution for Empirical CSR Research

This paper takes both a conceptual and an empirical approach to answer the question as to how Corporate Social Responsibility (CSR) can be connected to the company’s role as an agent of social value creation when it operates within an imperfect institutional framework of market competition. To devel...

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Main Authors: Matthias Georg Will, Stefan Hielscher
Format: Article
Language:English
Published: MDPI AG 2014-07-01
Series:Administrative Sciences
Subjects:
Online Access:http://www.mdpi.com/2076-3387/4/3/219
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author Matthias Georg Will
Stefan Hielscher
author_facet Matthias Georg Will
Stefan Hielscher
author_sort Matthias Georg Will
collection DOAJ
description This paper takes both a conceptual and an empirical approach to answer the question as to how Corporate Social Responsibility (CSR) can be connected to the company’s role as an agent of social value creation when it operates within an imperfect institutional framework of market competition. To develop a functional design for an empirical study, we draw on the concept of ordonomics, which provides a heuristics for responsible business activities in society. Drawing on ordonomics, we devise three questions: Referring to action responsibility we ask in which CSR activities companies do invest in their day-to-day business. Referring to governance responsibility we ask as to how companies realize win-win solutions through strategic commitments. In addition, with regard to discourse responsibility we ask in which stakeholder dialogues companies engage in order to discuss and find functional rules for organizing win-win solutions. In our empirical study, we reveal insights into the micro-level analysis of the CSP-CFP link and generate several new questions to be the subject of future research.
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spelling doaj.art-351f6526ba4949c8bbbf638778f2f28e2022-12-22T00:48:20ZengMDPI AGAdministrative Sciences2076-33872014-07-014321924110.3390/admsci4030219admsci4030219How do Companies Invest in Corporate Social Responsibility? An Ordonomic Contribution for Empirical CSR ResearchMatthias Georg Will0Stefan Hielscher1School of Economics and Business, Martin-Luther-University Halle-Wittenberg, Grosse Steinstrasse 73, 06108 Halle, GermanySchool of Economics and Business, Martin-Luther-University Halle-Wittenberg, Grosse Steinstrasse 73, 06108 Halle, GermanyThis paper takes both a conceptual and an empirical approach to answer the question as to how Corporate Social Responsibility (CSR) can be connected to the company’s role as an agent of social value creation when it operates within an imperfect institutional framework of market competition. To develop a functional design for an empirical study, we draw on the concept of ordonomics, which provides a heuristics for responsible business activities in society. Drawing on ordonomics, we devise three questions: Referring to action responsibility we ask in which CSR activities companies do invest in their day-to-day business. Referring to governance responsibility we ask as to how companies realize win-win solutions through strategic commitments. In addition, with regard to discourse responsibility we ask in which stakeholder dialogues companies engage in order to discuss and find functional rules for organizing win-win solutions. In our empirical study, we reveal insights into the micro-level analysis of the CSP-CFP link and generate several new questions to be the subject of future research.http://www.mdpi.com/2076-3387/4/3/219CSREmpirical CSR ResearchCSP-CFP relationshipOrdonomicsStakeholder Dialogue
spellingShingle Matthias Georg Will
Stefan Hielscher
How do Companies Invest in Corporate Social Responsibility? An Ordonomic Contribution for Empirical CSR Research
Administrative Sciences
CSR
Empirical CSR Research
CSP-CFP relationship
Ordonomics
Stakeholder Dialogue
title How do Companies Invest in Corporate Social Responsibility? An Ordonomic Contribution for Empirical CSR Research
title_full How do Companies Invest in Corporate Social Responsibility? An Ordonomic Contribution for Empirical CSR Research
title_fullStr How do Companies Invest in Corporate Social Responsibility? An Ordonomic Contribution for Empirical CSR Research
title_full_unstemmed How do Companies Invest in Corporate Social Responsibility? An Ordonomic Contribution for Empirical CSR Research
title_short How do Companies Invest in Corporate Social Responsibility? An Ordonomic Contribution for Empirical CSR Research
title_sort how do companies invest in corporate social responsibility an ordonomic contribution for empirical csr research
topic CSR
Empirical CSR Research
CSP-CFP relationship
Ordonomics
Stakeholder Dialogue
url http://www.mdpi.com/2076-3387/4/3/219
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