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Corporate Social Responsibility: a Theory of the Firm Perspective

Abagail McWilliams; Donald S. Siegel · Academy of Management Review · 2001

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We outline a supply and demand model of corporate social responsibility (CSR). Based on this framework, we hypothesize that a firm's level of CSR will depend on its size, level of diversification, research and development, advertising, government sales, consumer income, labor market conditions, and stage in the industry life cycle. From these hypotheses, we conclude that there is an “ideal” level of CSR, which managers can determine via cost-benefit analysis, and that there is a neutral relationship between CSR and financial performance.

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APA 7

McWilliams, A. & Siegel, D. S. (2001). Corporate Social Responsibility: a Theory of the Firm Perspective. https://doi.org/10.5465/amr.2001.4011987

MLA

McWilliams, Abagail, and Donald S. Siegel. "Corporate Social Responsibility: a Theory of the Firm Perspective." 2001. https://doi.org/10.5465/amr.2001.4011987.

Chicago

McWilliams, Abagail and Donald S. Siegel. 2001. "Corporate Social Responsibility: a Theory of the Firm Perspective.". https://doi.org/10.5465/amr.2001.4011987.

Harvard

McWilliams, A. and Siegel, D. S. 2001, Corporate Social Responsibility: a Theory of the Firm Perspective, Academy of Management Review, available at: https://doi.org/10.5465/amr.2001.4011987 [Accessed 9 Aug. 2026].

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Title
Corporate Social Responsibility: a Theory of the Firm Perspective
Author / contributors
Abagail McWilliams; Donald S. Siegel
Publisher
Academy of Management Review
Publication year
2001
Language
English

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