Corporate Social Performance, Resource Dependence and Firm Performance

Arora, P., and M. Petrova. "Corporate social performance, resource dependence and firm performance." Corporate social responsibilities and stakeholder dynamics. Journal of Business Economics 1 (2010): 1-22.

22 Pages Posted: 19 Mar 2009 Last revised: 24 Jun 2018

See all articles by Punit Arora

Punit Arora

City University of New York

Milena Petrova

Syracuse University - Whitman School of Management; Bocconi University

Date Written: June 1, 2010

Abstract

Using resource dependence perspective we examine the relationship between different stakeholder groups and firm performance. Our results indicate that different stakeholder groups have different levels of salience for firm’s financial performance. Proactive policies with respect to employees, consumers and diversity show the maximum beneficial effects. Our results also indicate that commitment-based work practices help firms improve their capacity to benefit from their performance on other CSP domains, which we believe indicates preliminary support for the concept of stakeholder influence capacity.

Keywords: corporate social performance, corporate governance, financial performance

JEL Classification: G34

Suggested Citation

Arora, Punit and Petrova, Milena, Corporate Social Performance, Resource Dependence and Firm Performance (June 1, 2010). Arora, P., and M. Petrova. "Corporate social performance, resource dependence and firm performance." Corporate social responsibilities and stakeholder dynamics. Journal of Business Economics 1 (2010): 1-22., Available at SSRN: https://ssrn.com/abstract=1364993 or http://dx.doi.org/10.2139/ssrn.1364993

Punit Arora

City University of New York ( email )

160 Convent Ave
NA 4/120
New York, NY 10031
United States
2126508502 (Phone)

Milena Petrova (Contact Author)

Syracuse University - Whitman School of Management ( email )

721 University Avenue
Syracuse, NY 13244-2130
United States

Bocconi University ( email )

Via Sarfatti, 25
Milan, MI 20136
Italy

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