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Title: The Adoption of Corporate Social Responsibility and Corporate Financial Performance: Some Propositions and Research Agenda
Contributor(s): Alshareef, Mohammed Naif Z (author); Sandhu, Kamaljeet  (author); Bazhair, Ayman (author)
Publication Date: 2012
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Fields of Research (FoR) 2008: 150105 Management Accounting
150301 Business Information Management (incl Records, Knowledge and Information Management, and Intelligence)
150303 Corporate Governance and Stakeholder Engagement
150302 Business Information Systems
Fields of Research (FoR) 2020: 350105 Management accounting
350302 Business information management (incl. records, knowledge and intelligence)
350717 Stakeholder engagement
350701 Corporate governance
350303 Business information systems
Socio-Economic Objective (SEO) 2008: 970115 Expanding Knowledge in Commerce, Management, Tourism and Services
890399 Information Services not elsewhere classified
890301 Electronic Information Storage and Retrieval Services
Socio-Economic Objective (SEO) 2020: 280106 Expanding knowledge in commerce, management, tourism and services
220302 Electronic information storage and retrieval services
Abstract: Purpose: This paper proposes to synthesize the relevant and empirical literature on Corporate Social Responsibility (CSR) adoption, within the context of the corporate governance and other factors which influence the adoption. This paper focuses on the role of the diversity of the board of directors within a CSR and governance systems through a research framework. The paper also examines that role of transformational leadership at the chief executive level, which helps in the implementation of a socially responsible business. This leads to improved corporate financial performance, which then increases the adoption of corporate social responsibility. Design/ Methodology: This paper uses stakeholder theory and transformational leadership theories to present cannon for examination of a number of research propositions presented in the paper. This helps to identify a future research agenda within this area. Findings: A number of research propositions and research agenda are presented on the potential adoption of CSR literature, and the association it may have with the corporate financial performance. Originality/value: As the extant literature does not provide a canon of CSR adoption, the paper's originality is its argument that a positive association between adoption of CSR and financial performance could serve as an approach to assess adoption of CSR. Furthermore, the use of the two theories in combination provides additional insights into identifying the adoption of CSR and its link with the financial performance issues.
Publication Type: Journal Article
Source of Publication: GSTF Business Review, 1(3), p. 131-141
Publisher: Global Science and Technology Forum (GSTF)
Place of Publication: Singapore
ISSN: 2251-2888
Peer Reviewed: Yes
HERDC Category Description: C1 Refereed Article in a Scholarly Journal
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Appears in Collections:Journal Article

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