Legitimacy, Visibility, and the Antecedents of Corporate Social Performance: An Investigation of the Instrumental Perspective

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dc.contributor.authorShih-Chi Chiu
dc.contributor.authorMark Sharfman
dc.date.accessioned2016-01-14T19:52:57Z
dc.date.accessioned2016-03-30T15:34:54Z
dc.date.available2016-01-14T19:52:57Z
dc.date.available2016-03-30T15:34:54Z
dc.date.issued2011-11-01
dc.description.abstractUsing institutional theory as the foundation, this study examines the role of organizational visibility from a variety of sources (i.e., slack visibility, industry visibility, and visibility to multiple stakeholders) in influencing corporate social performance (CSP). The conceptual framework offers important insights regarding the instrumental motives of managers in performing CSP initiatives. Based on a sample of 124 S&P 500 firms, the authors found that it is a firm’s visibility to stakeholders, rather than its economic performance, that has the larger impact on managers’ decisions regarding how much CSP their firms exhibit. The results show that more profitable firms may not be motivated to engage actively in CSP unless they are under greater scrutiny by various firm stakeholders. The authors also found that organizational slack (estimated as cost of capital) is positively associated with a Social CSP dimension but negatively associated with a Strategic CSP dimension. This research contributes to the current CSP literature by demonstrating that motivations in addition to normative or ethical ones may be at play in the decisions firms make regarding their CSP.en_US
dc.description.peerreviewYesen_US
dc.description.peerreviewnoteshttps://us.sagepub.com/en-us/nam/manuscript-submission-guidelinesen_US
dc.identifier.citationChiu, S.-C., & Sharfman, M. (2011). Legitimacy, Visibility, and the Antecedents of Corporate Social Performance: An Investigation of the Instrumental Perspective. Journal of Management, 37(6), 1558-1585. doi: 10.1177/0149206309347958en_US
dc.identifier.doi10.1177/0149206309347958en_US
dc.identifier.urihttp://hdl.handle.net/11244/24989
dc.language.isoen_USen_US
dc.publisherJournal of Management
dc.rights.requestablefalseen_US
dc.subjectcorporate social responsibilityen_US
dc.subjectinstitutional theoryen_US
dc.titleLegitimacy, Visibility, and the Antecedents of Corporate Social Performance: An Investigation of the Instrumental Perspectiveen_US
dc.typeResearch Articleen_US

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