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Creating and capturing value strategic corporate social responsibility, resource-based theory, and sustainable competitive advantage

McWilliams, Abagail - ; Siegel, Donald S. - ;

The authors analyze the creation and capture of private and social value by firms that adopt corporate social responsibility (CSR) strategies. Strategic CSR is defined as any ?responsible? activity that allows a firm to achieve a sustainable competitive advantage, regardless of motive. To provide a roadmap for managers to accomplish this objective, the authors integrate the resource-based theory (RBT) framework with concepts and tools from economics, such as hedonic pricing, contingent valuation, and the new literature on the economics of industrial organization, where CSR is referred to as ?the private provision of public goods.? By linking CSR, RBT, economic models of private provision of public goods, and pricing models, the authors demonstrate how RBT can provide a structure for determining the strategic value of CSR. They then discuss the conditions under which CSR can contribute to sustainable competitive advantage. .Printed journal


Ketersediaan

Call NumberLocationAvailable
JOM3705PSB lt.dasar - Pascasarjana1
Penerbit: Southern Management Association
Edisi-
Subjekexternalities
Contingent valuation
Strategic CSR
hedonic pricing
RBV
RBT
ISBN/ISSN1492063
Klasifikasi-
Deskripsi Fisik-
Info Detail Spesifik-
Other Version/RelatedTidak tersedia versi lain
Lampiran BerkasTidak Ada Data

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