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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MDPI AG
2014-07-01
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Series: | Administrative Sciences |
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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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format | Article |
id | doaj.art-351f6526ba4949c8bbbf638778f2f28e |
institution | Directory Open Access Journal |
issn | 2076-3387 |
language | English |
last_indexed | 2024-12-11T22:24:04Z |
publishDate | 2014-07-01 |
publisher | MDPI AG |
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series | Administrative Sciences |
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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