This book forms a conceptional analysis of and an empirical study
on the business case for corporate social responsibility (CSR). CSR
is understood as a multi-dimensional and multi-relational concept
which relates to the responsibilities ascribed to companies by
various stakeholders. In contrast to the mainly normative
discussions on CSR in Germany, this study analyses empirical
antecedents and financial impacts of corporate social performance
(CSP). It adds to the long lasting research tradition on the
business case for CSR by employing hitherto unused data on CSR. The
study proposes additional statistical analyses to account for the
widely neglected econometric problem of endogeneity due to
simultaneous causality. Although the results indicate that CSR can
be in line with economic goals in some cases, they do not support
the assumption of a causal relation between social and financial
performance.
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