Toward Integrative Corporate Citizenship: Research Advances in Corporate Social Performance

277 Pages·2008·1.64 MB·English

by  Marc Orlitzky, Diane L. Swanson (auth.)

Toward Integrative Corporate Citizenship
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Toward Integrative Corporate
Citizenship
Research Advances in Corporate Social
Performance
Marc Orlitzky
Associate Professor of Management, Pennsylvania State University Altoona, USA.
and
Diane L. Swanson
Professor of Management, Kansas State University, USA.
© Marc Orlitzky and Diane L. Swanson 2008
Softcover reprint of the hardcover 1st edition 2008 978-0-230-20187-3
All rights reserved. No reproduction, copy or transmission of this
publication may be made without written permission.
No portion of this publication may be reproduced, copied or transmitted
save with written permission or in accordance with the provisions of the
Copyright, Designs and Patents Act 1988, or under the terms of any licence
permitting limited copying issued by the Copyright Licensing Agency,
Saffron House, 6-10 Kirby Street, London EC1N 8TS.
Any person who does any unauthorized act in relation to this publication
may be liable to criminal prosecution and civil claims for damages.
The authors have asserted their rights to be identified
as the author of this work in accordance with the Copyright, Designs
and Patents Act 1988.
First published 2008 by
PALGRAVE MACMILLAN
Palgrave Macmillan in the UK is an imprint of Macmillan Publishers Limited,
registered in England, company number 785998, of Houndmills, Basingstoke,
Hampshire RG21 6XS.
Palgrave Macmillan in the US is a division of St Martin’s Press LLC,
175 Fifth Avenue, New York, NY 10010.
Palgrave Macmillan is the global academic imprint of the above companies
and has companies and representatives throughout the world.
Palgrave® and Macmillan® are registered trademarks in the United States,
the United Kingdom, Europe and other countries.
ISBN 978-1-349-30005-1 ISBN 978-0-230-59470-8 (eBook)
DOI 10.1057/9780230594708
This book is printed on paper suitable for recycling and made from fully
managed and sustained forest sources. Logging, pulping and manufacturing
processes are expected to conform to the environmental regulations of the
country of origin.
A catalogue record for this book is available from the British Library.
Library of Congress Cataloging-in-Publication Data
Orlitzky, Marc, 1970–
Toward integrative corporate citizenship : research advances in
corporate social performance / Marc Orlitzky and Diane L. Swanson.
p. cm.
Includes index.
1. Social responsibility of business. I. Swanson, Diane L. II. Title.
HD60.O75 2008
658.4’08–dc22
2008020652
10 9 8 7 6 5 4 3 2 1
17 16 15 14 13 12 11 10 09 08
In memoriam
Erika Orlitzky (1920–2000)
and
Charlotte Swanson (1888–1972)
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Contents
List of Tables ix
List of Figures x
List of Abbreviations xi
Acknowledgments xii
Introduction 1
Part I Theories of Corporate Social Performance: 7
Toward a New Vision of Theoretical Integration
of Value-Based Business Leadership
Chapter 1 Addressing a Lack of Theoretical Integration in 11
Corporate Social Performance
Chapter 2 Toward an Integrative Theory of Value-based 35
Leadership
Chapter 3 Value Attunement: Exploring the Potential for 63
Responsible Executive Decision Making
Part II Empirical Research Integration: Business Social 79
Performance, Risk, and Financial Performance
Chapter 4 Corporate Social and Financial Performance: 83
An Integrative Review
Chapter 5 Corporate Social Performance and Business Risk 121
Chapter 6 Organizational Size, Corporate Social 147
Performance, and Business Performance
Chapter 7 Doing Well by Doing Good: Objective Findings, 164
Subjective Assumptions, or Selective
Amplification?
Part III Implications for Measurement and 189
Implementation: Toward an Integrative
Perspective on Corporate Citizenship
Chapter 8 Corporate Social Performance, Stakeholder 192
Satisfaction, and Generalizability Theory
vii
viii Contents
Chapter 9 Normative Myopia, Executives’ Personality, and 212
Preference for Pay Dispersion: Implications for
Corporate Social Performance
Chapter 10 Prospects for Integrative Citizenship in Research 242
and Practice
Index 255
List of Tables
1.1 A Classification of Corporate Social Performance 15
4.1 Overall Meta-Analytic Findings (Hypothesis 1) 97
4.2a Good Management Theory and Slack Resources Theory 99
(Hypothesis 2, All Measures of CSP, Incl. Environmental
Performance)
4.2b Hypothesis 2 ‘Purely Social’ CSP Measures Only 99
4.3 Subset Meta-Analysis: Reputation Theory and Internal 101
Skills Theory of CSP (Hypothesis 3)
4.4a Subset Meta-Analysis of Operationalization Moderator 103
Effects (Hypothesis 4b)
4.4b Further Subset Analyses of CSP in Terms of Social Audits, 106
Corp. Behavior, Processes, and Outcomes with CFP
(Hypothesis 4b)
5.1 Relationship between CSP and Firm Risk 134
6.1 Meta-Analysis of CSP-Size Correlations 154
7.1 Meta-Analysis of Publication Outlet Moderator Effects 174
8.1 Illustration of Generalizability Theory (Examples) 202
8.2 Hypothetical Data 203
8.3 Estimated Variance Components for a Hypothetical CSP 204
Rating Example: Crossed, Two-Facet, Random Design
8.4 Estimated Variance Components for a Hypothetical CSP 205
Rating Example: Mixed Design with Items as Fixed Facet
9.1 Rotated Factor Matrix of Final 12 Items Measuring 221
Normative Myopia
9.2 Descriptive Statistics: Means, Standard Deviations, and 224
Correlations
9.3 Predictors of Preference for Compensation Systems with 225
Relatively High Levels of Pay Differentiation (PD1)
9.4 Agreeableness as a Predictor of Normative Myopia 226
ix