Determinants and consequences of corporate social responsibility decoupling—Status quo and limitations of recent empirical quantitative research
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In: Corporate Social Responsibility and Environmental Management, Vol. 30, No. 6, 11.2023, p. 2695-2717.
Research output: Journal contributions › Journal articles › Research › peer-review
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TY - JOUR
T1 - Determinants and consequences of corporate social responsibility decoupling—Status quo and limitations of recent empirical quantitative research
AU - Velte, Patrick
N1 - Funding Information: Open Access funding enabled and organized by Projekt DEAL. Publisher Copyright: © 2023 The Authors. Corporate Social Responsibility and Environmental Management published by ERP Environment and John Wiley & Sons Ltd.
PY - 2023/11
Y1 - 2023/11
N2 - This study reviews recent empirical quantitative research on firm- and country-related determinants of corporate social responsibility (CSR) decoupling and the consequences on firm value. Based on legitimacy theory and agency theory, top managers use CSR decoupling for self-impression management and stakeholder attraction. Our review indicates that low (high) corporate governance quality increases (decreases) CSR decoupling and it has negative financial consequences for firms. We identify major research gaps and stress research recommendations for future CSR decoupling studies. Solid measures of CSR decoupling should compare quantitative performance measures and qualitative descriptions on CSR reports on strategies and processes. There is a great need to include automated text analyses of sustainability reports for future research designs. Due to extended regulations on CSR reporting from an international perspective, CSR decoupling remains a hot topic for researchers, business practice, and standard setters.
AB - This study reviews recent empirical quantitative research on firm- and country-related determinants of corporate social responsibility (CSR) decoupling and the consequences on firm value. Based on legitimacy theory and agency theory, top managers use CSR decoupling for self-impression management and stakeholder attraction. Our review indicates that low (high) corporate governance quality increases (decreases) CSR decoupling and it has negative financial consequences for firms. We identify major research gaps and stress research recommendations for future CSR decoupling studies. Solid measures of CSR decoupling should compare quantitative performance measures and qualitative descriptions on CSR reports on strategies and processes. There is a great need to include automated text analyses of sustainability reports for future research designs. Due to extended regulations on CSR reporting from an international perspective, CSR decoupling remains a hot topic for researchers, business practice, and standard setters.
KW - Management studies
KW - Sustainability sciences, Management & Economics
UR - http://www.scopus.com/inward/record.url?scp=85160929070&partnerID=8YFLogxK
UR - https://www.mendeley.com/catalogue/cba20457-f10b-3432-a77f-1770d3afef3a/
U2 - 10.1002/csr.2538
DO - 10.1002/csr.2538
M3 - Journal articles
VL - 30
SP - 2695
EP - 2717
JO - Corporate Social Responsibility and Environmental Management
JF - Corporate Social Responsibility and Environmental Management
SN - 1535-3958
IS - 6
ER -