Corporate Social Responsibility and Operational Inefficiency: A Dynamic Approach

Encarna Guillamon-Saorin , Magdalena Kapelko , Spiro E. Stefanou

Abstract

It is yet to be determined whether the firms’ operational inefficiency is reflected on the Corporate Social Responsibility (CSR) engagement approach. This paper aims to examine this association and specifically analyzes to which of the dimensions of CSR operational inefficiency is more closely related. Operational inefficiency is assessed using Data Envelopment Analysis (DEA) via dynamic inefficiency approach that accounts for the confounding role of adjustment costs related with firms’ investments. Using a sample of U.S. firms in a variety of sectors from 2004 to 2015, we find that lower dynamic inefficiency occurs in firms with a higher commitment to CSR activities. We also find that dynamic inefficiency is negatively related to firms’ engagement in social and corporate governance dimensions of CSR, whereas it is positively associated with the environmental dimension of CSR. In addition, dynamically inefficient companies have higher level of CSR concerns and lower of CSR strengths. The results are robust to endogeneity issues
Autor Encarna Guillamon-Saorin - [Universidad Carlos III de Madrid]
Encarna Guillamon-Saorin
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, Magdalena Kapelko (ZIF / IZM / KL)
Magdalena Kapelko
- Katedra Logistyki
, Spiro E. Stefanou - [University of Florida Institute of Food and Agricultural Sciences]
Spiro E. Stefanou
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-
Tytuł czasopisma/seriiSustainability, ISSN 2071-1050, (A 20 pkt)
Rok wydania2018
Tom10
Nr7
Paginacja1-26
Objętość publikacji w arkuszach wydawniczych1.25
Słowa kluczowe w języku angielskimcorporate social responsibility, operational inefficiency, dynamic technical inefficiency, data envelopment analysis
Klasyfikacja ASJC2308 Management, Monitoring, Policy and Law; 2105 Renewable Energy, Sustainability and the Environment; 3305 Geography, Planning and Development
DOIDOI:10.3390/su10072277
URL http://www.mdpi.com/2071-1050/10/7/2277
Języken angielski
LicencjaCzasopismo (tylko dla artykułów); autorska oryginalna; Uznanie Autorstwa (CC-BY); po opublikowaniu
Plik
Guillamon-Saorin_Kapelko_Stefanou_Corporate_Social_Responsibility2018.pdf 473,07 KB
Punktacja (całkowita)20
Wskaźniki publikacji Cytowania Scopus = 1; Cytowania WoS = 1; Scopus SNIP (Source Normalised Impact per Paper): 2016 = 0.911; Impact Factor WoS: 2017 = 2.075 (2) - 2017=2.177 (5)
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