This paper aims to improve our understanding of whether and how Corporate Social Responsibility (CSR) affects the resource allocation efficiency, providing a better performance in term of sustainable growth. Even if prior literature focused intensively on the role of CSR on performance, sustainable value has received low attention. Many studies consider the economic and the financial value of the firms (Jensen, 2001; Lin et al., 2009; Waddok and Graves, 1997) or the marketing performance, following the instrumental vision of the CSR (Choi and Seo, 2019; Martìnez and Del Bosque, 2013). During the last pandemic by Covid-19, recent papers observe how CSR activities improve the crisis management (Qui et al., 2020), elevating the corporate reputation (Huang and Liu, 2020), the employee motivation (He et al., 2019; Wong and Kim, 2020) and firm performance (Garcia-Sanchéz and Garcia-Sanchéz, 2020; Shin et al., 2021;). Few studies consider the emergent benefit corporation, exploring their values, business models and performance (Cooper and Weber, 2021; Gazzola et al., 2019; Nigri and Del Baldo, 2020). Observing a sample of Italian certified benefit corporations, this study aims to analyse which CSR activities contribute to the efficient allocation of capital and to sustainable growth also during pandemic stage, highlighting the mediating role of information technology (IT)
CSR Strategies, Investment Efficiency and Sustainable Growth
Di Berardino, Daniela
Primo
;Anees, UmairUltimo
2021-01-01
Abstract
This paper aims to improve our understanding of whether and how Corporate Social Responsibility (CSR) affects the resource allocation efficiency, providing a better performance in term of sustainable growth. Even if prior literature focused intensively on the role of CSR on performance, sustainable value has received low attention. Many studies consider the economic and the financial value of the firms (Jensen, 2001; Lin et al., 2009; Waddok and Graves, 1997) or the marketing performance, following the instrumental vision of the CSR (Choi and Seo, 2019; Martìnez and Del Bosque, 2013). During the last pandemic by Covid-19, recent papers observe how CSR activities improve the crisis management (Qui et al., 2020), elevating the corporate reputation (Huang and Liu, 2020), the employee motivation (He et al., 2019; Wong and Kim, 2020) and firm performance (Garcia-Sanchéz and Garcia-Sanchéz, 2020; Shin et al., 2021;). Few studies consider the emergent benefit corporation, exploring their values, business models and performance (Cooper and Weber, 2021; Gazzola et al., 2019; Nigri and Del Baldo, 2020). Observing a sample of Italian certified benefit corporations, this study aims to analyse which CSR activities contribute to the efficient allocation of capital and to sustainable growth also during pandemic stage, highlighting the mediating role of information technology (IT)I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
