What is it about?
Does it pay for firms to be be good? It's up to stakeholders. Stakeholders are the agents that transform corporate good into gold, or not. This paper explains limits on stakeholders' ability to reward firms for good acts, as well as punish them for bad acts.
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Why is it important?
If firms are rewarded for being good, they are more likely to be good. If firms are punished for being bad, they are less likely to be bad. Thus, if we wish for firms to be good more often and bad less often, we need to sort out how and when rewards and punishments correspond with firm behaviors. This paper advances our understanding of the connection between firm behavior and firm performance.
Perspectives
This paper integrates ideas and findings from several papers I've published over several years.
Prof Michael L Barnett
Rutgers University Newark
Read the Original
This page is a summary of: Mind: the gap – to advance CSR research, think about stakeholder cognition, Annals in Social Responsibility, May 2016, Emerald,
DOI: 10.1108/asr-08-2016-0009.
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