Access the full text.
Sign up today, get DeepDyve free for 14 days.
Loading next page...
/lp/emerald-publishing/the-impact-of-corporate-social-irresponsibility-media-coverage-on-firm-U3PXXqbeqR
References (87)
-
Zhi Tang, C. Hull, S. Rothenberg (2012)
How Corporate Social Responsibility Engagement Strategy Moderates the CSR–Financial Performance RelationshipORG: Other Human Resource Management & Organizational Behavior (Topic)
-
Abagail McWilliams, D. Siegel (2001)
Corporate Social Responsibility: a Theory of the Firm PerspectiveAcademy of Management Review, 26
-
Michael Barnett (2011)
Why Stakeholders Ignore Firm MisconductJournal of Management, 40
-
Joseph Price, Wenbin Sun (2017)
Doing good and doing bad: The impact of corporate social responsibility and irresponsibility on firm performanceJournal of Business Research, 80
-
Eduardo Ortas, I. Álvarez, Ainhoa Garayar (2015)
The Environmental, Social, Governance, and Financial Performance Effects on Companies that Adopt the United Nations Global CompactSustainability, 7
-
C. Ittner, D. Larcker (1998)
Innovations in Performance Measurement: Trends and Research ImplicationsJournal of Management Accounting Research, 10
-
A.C. Shukla, S. Deshmukh, A. Kanda (2009)
Environmentally responsive supply chains: learnings from the Indian auto sectorJournal of Advances in Management Research, 6
-
A. Mendiratta, S. Singh, S.S. Yadav, A. Mahajan (2023)
When do ESG controversies reduce firm value in India?Global Finance Journal, 55
-
M. Pervan, Josipa Višić (2012)
INFLUENCE OF FIRM SIZE ON ITS BUSINESS SUCCESSCroatian Operational Research Review, 3
-
Abagail McWilliams, D. Siegel (2000)
Corporate social responsibility and financial performance: correlation or misspecification?Strategic Management Journal, 21
-
C.K. Prahalad, G. Hamel (1994)
Strategy as a field of study: why search for a new paradigm?Strategic Management Journal, 15
-
Javier Estrada (2000)
The Cost of Equity in Emerging Markets: A Downside Risk ApproachCorporate Finance: Valuation
-
Chang Kim, R. Bettis (2014)
Cash is surprisingly valuable as a strategic assetSouthern Medical Journal, 35
-
S. Arvidsson (2010)
Communication of Corporate Social Responsibility: A Study of the Views of Management Teams in Large CompaniesJournal of Business Ethics, 96
-
A. Shukla, S. Deshmukh, A. Kanda (2009)
Environmentally responsive supply chainsJournal of Advances in Management Research, 6
-
R. Avi-Yonah (2005)
The Cyclical Transformations of the Corporate Form: A Historical Perspective on Corporate Social ResponsibilityLegal History eJournal
-
A. Hoffman, W. Ocasio (2001)
Not All Events are Attended Equally: Toward a Middle-Range Theory of Industry Attention to External EventsThe Stephen M. Ross School of Business at the University of Michigan Research Paper Series
-
T. Dijk (1995)
Power and the news media -
Geoffrey Kiel, G. Nicholson (2003)
Board Composition and Corporate Performance: How the Australian Experience Informs Contrasting Theories of Corporate GovernanceCorporate Finance: Governance
-
C. Kim, R.A. Bettis (2014)
Cash is surprisingly valuable as a strategic assetStrategic Management Journal, 35
-
Vernon Sweetin, Lynette Knowles, J. Summey, Kand McQueen (2013)
Willingness-to-punish the corporate brand for corporate social irresponsibilityJournal of Business Research, 66
-
G.C. Kiel, G.J. Nicholson (2003)
Board composition and corporate performance: how the Australian experience informs contrasting theories of corporate governanceCorporate Governance: An International Review, 11
-
M. Hutchinson, F. Gul (2004)
Investment opportunity set, corporate governance practices and firm performanceJournal of Corporate Finance, 10
-
Jacqueline Christensen, P. Kent, J. Stewart (2010)
Corporate governance and company performance in AustraliaAustralian Accounting Review, 20
-
Girish Ramani, V. Kumar (2008)
Interaction Orientation and Firm PerformanceJournal of Marketing, 72
-
C. Prahalad, G. Hamel (2007)
Strategy as a field of study: Why search for a new paradigm?Southern Medical Journal, 15
-
M. Friedman (2007)
The Social Responsibility of Business Is to Increase Its Profits -
Dirk Sliwka (2002)
On the Use of Nonfinancial Performance Measures in Management CompensationOrganizations & Markets eJournal
-
R.S. Avi-Yonah (2005)
The cyclical transformations of the corporate form: a historical perspective on corporate social responsibilityDelaware Journal of Corporate Law, 30
-
Lammertjan Dam, Bert Scholtens (2013)
Ownership Concentration and CSR Policy of European Multinational EnterprisesJournal of Business Ethics, 118
-
Supriti Mishra, Damodar Suar (2010)
Does Corporate Social Responsibility Influence Firm Performance of Indian Companies?Journal of Business Ethics, 95
-
I. Pavić, Fran Galetić, Damir Piplica (2016)
Similarities and Differences between the CR and HHI as an Indicator of Market Concentration and Market PowerBritish Journal of Economics, Management and Trade, 13
-
Belen Fernandez‐Feijoo, Silvia Romero, Silvia Ruíz (2014)
Effect of Stakeholders’ Pressure on Transparency of Sustainability Reports within the GRI FrameworkJournal of Business Ethics, 122
-
Y. Mundlak (1978)
On the Pooling of Time Series and Cross Section DataEconometrica, 46
-
Craig Carroll, M. McCombs (2003)
Agenda-setting Effects of Business News on the Public's Images and Opinions about Major CorporationsCorporate Reputation Review, 6
-
Nick Lin-Hi, Karsten Müller (2013)
The CSR bottom line: Preventing corporate social irresponsibilityJournal of Business Research, 66
-
D. Sliwka (2002)
On the use of nonfinancial performance measures in management compensationJournal of Economics and Management Strategy, 11
-
Sanjay Ramchander, Robert Schwebach, K. Staking (2012)
The informational relevance of corporate social responsibility: evidence from DS400 index reconstitutionsSouthern Medical Journal, 33
-
Sara Aliabadi, Alireza Dorestani, Nauzer Balsara (2013)
The Most Value Relevant Accounting Performance Measure by IndustryJournal of Accounting and Finance, 13
-
M. Lipson, Sandra Mortal, Michael Schill (2009)
On the Scope and Drivers of the Asset Growth EffectJournal of Financial and Quantitative Analysis, 46
-
M. Friedman (1970)
A Friedman doctrine: the social responsibility of business is to increase its profitsThe New York Times Magazine
-
B. Baltagi (2006)
AN ALTERNATIVE DERIVATION OF MUNDLAK'S FIXED EFFECTS RESULTS USING SYSTEM ESTIMATIONEconometric Theory, 22
-
Jun Li, S. Ross (2017)
Does Corporate Social Responsibility Benefit Society ? -
Juan Sánchez, Emircan Yurdagul (2013)
Why are corporations holding so much cashThe Regional Economist
-
Gamze Vural, A. Sökmen, Emin Cetenak (2012)
AFFECTS OF WORKING CAPITAL MANAGEMENT ON FIRM’S PERFORMANCE: EVIDENCE FROM TURKEYInternational Journal of Economics and Financial Issues, 2
-
K. Kosmidou (2008)
The determinants of banks' profits in Greece during the period of EU financial integrationManagerial Finance, 34
-
Donald Lange, Nathan Washburn (2012)
Understanding Attributions of Corporate Social IrresponsibilityAcademy of Management Review, 37
-
W. Coombs, S. Holladay (1996)
Communication and Attributions in a Crisis: An Experimental Study in Crisis CommunicationJournal of Public Relations Research, 8
-
J. Armstrong (1977)
Social Irresponsibility in ManagementJournal of Business Research, 5
-
A.J. Hoffman, W. Ocasio (2001)
Not all events are attended equally: toward a middle-range theory of industry attention to external eventsOrganization Science, 12
-
A. Mendiratta, Shveta Singh, A. Mahajan, Surendra Yadav (2022)
When Do ESG Controversies Reduce Firm Value in India?SSRN Electronic Journal
-
Alison Mackey, Tyson Mackey, J. Barney (2007)
Corporate Social Responsibility and Firm Performance: Investor Preferences and Corporate Strategies -
Stephen Brammer, G. Williams, John Zinkin (2005)
Religion and Attitudes to Corporate Social Responsibility in a Large Cross-Country SampleJournal of Business Ethics, 71
-
Michael Cooper, Huseyin Gulen, Michael Schill (2007)
Asset Growth and the Cross-Section of Stock ReturnsCapital Markets: Asset Pricing & Valuation eJournal
-
Yi Tang, C. Qian, Guoli Chen, R. Shen (2014)
How CEO Hubris Affects Corporate Social (Ir)responsibilityO&M: Firms & Other Social Institutions eJournal
-
Rihfenti Ernayani, Oktiviana Sari, Robiyanto (2017)
The Effect of Return on Investment, Cash Ratio, and Debt to Total Assets Towards Dividend Payout Ratio (A Study Towards Manufacturing Companies Listed in Indonesia Stock Exchange)Advanced Science Letters, 23
-
Vanita Tripathi, Varun Bhandari (2015)
Socially responsible stocks: a boon for investors in IndiaJournal of Advances in Management Research, 12
-
A. Muller, R. Kräussl (2011)
The Value of Corporate Philanthropy During Times of Crisis: The Sensegiving Effect of Employee InvolvementJournal of Business Ethics, 103
-
R. Kowalczyk, W. Kucharska (2019)
Corporate social responsibility practices incomes and outcomes: Stakeholders' pressure, culture, employee commitment, corporate reputation, and brand performance. A Polish–German cross‐country studyCorporate Social Responsibility and Environmental Management
-
Vanessa Strike, Jijun Gao, P. Bansal (2006)
Being good while being bad: social responsibility and the international diversification of US firmsJournal of International Business Studies, 37
-
W. Chapple, J. Moon (2005)
Corporate social responsibility (CSR) in Asia: a seven-country study of CSR web site reportingBusiness and Society, 44
-
Linda Carr (1997)
Strategic Determinants of Executive Compensation in Small Publicly Traded FirmsJournal of Small Business Management, 35
-
Julian Kölbel, Julian Kölbel, T. Busch, Leonhardt Jancso (2017)
How Media Coverage of Corporate Social Irresponsibility Increases Financial RiskSouthern Medical Journal, 38
-
Sankar Sen, C. Bhattacharya (2001)
Does Doing Good Always Lead to Doing Better? Consumer Reactions to Corporate Social ResponsibilityJournal of Marketing Research, 38
-
J. Baskin (2006)
Corporate Responsibility in Emerging MarketsThe Journal of Corporate Citizenship, 2006
-
B. Barry, I. Fulmer (2004)
The Medium and the Message: The Adaptive Use of Communication Media in Dyadic InfluenceAcademy of Management Review, 29
-
S. Waddock, Samuel Graves (1997)
The corporate social performance-financial performance linkStrategic Management Journal, 18
-
M.L. Barnett (2014)
Why stakeholders ignore firm misconduct: a cognitive viewJournal of Management, 40
-
Elizabeth Demers, J. Hendrikse, P.P.M. Joos, B. Lev (2021)
ESG did not immunize stocks during the COVID‐19 crisis, but investments in intangible assets didJournal of Business Finance & Accounting, 48
-
Maria Balatbat, Stephen Taylor, T. Walter (2004)
Corporate governance, insider ownership and operating performance of Australian initial public offeringsAccounting and Finance, 44
-
Y. Tang, C. Qian, G. Chen, R. Shen (2015)
How CEO hubris affects corporate social (ir) responsibilityStrategic Management Journal, 36
-
J.F. Kölbel, T. Busch, L.M. Jancso (2017)
How media coverage of corporate social irresponsibility increases financial riskStrategic Management Journal, 38
-
S. Ramchander, R.G. Schwebach, K. Staking (2012)
The informational relevance of corporate social responsibility: evidence from DS400 index reconstitutionsStrategic Management Journal, 33
-
D. Marginson, L. McAulay, M. Roush, Tony Zijl (2010)
Performance measures and short‐termism: An exploratory studyAccounting and Business Research, 40
-
C. Fombrun, Mark Shanley (1990)
What's in a Name? Reputation Building and Corporate StrategyAcademy of Management Journal, 33
-
M.J. Cooper, H. Gulen, M.J. Schill (2008)
Asset growth and the cross‐section of stock returnsThe Journal of Finance, 63
-
Jorge Arevalo, D. Aravind (2011)
Corporate social responsibility practices in India: approach, drivers, and barriersCorporate Governance, 11
-
Shawn Berman, A. Wicks, S. Kotha, T. Jones (1999)
Does Stakeholder Orientation Matter? The Relationship Between Stakeholder Management Models and Firm Financial PerformanceAcademy of Management Journal, 42
-
J. Estrada (2000)
The cost of equity in emerging markets: a downside risk approachEmerging Markets Quarterly, 4
-
Iram Hasan, Shveta Singh, Smita Kashiramka (2021)
Does corporate social responsibility disclosure impact firm performance? An industry-wise analysis of Indian firmsEnvironment, Development and Sustainability, 24
-
P. Jiraporn, Pradit Withisuphakorn (2015)
The effect of firm maturity on corporate social responsibility (CSR): do older firms invest more in CSR?Applied Economics Letters, 23
-
W. Chapple, J. Moon (2005)
Corporate Social Responsibility (CSR) in AsiaBusiness & Society, 44
-
A. Kurniawan (2021)
ANALYSIS OF THE EFFECT OF RETURN ON ASSET, DEBT TO EQUITY RATIO, AND TOTAL ASSET TURNOVER ON SHARE RETURN, 2
-
G. Aras, A. Aybars, Ozlem Kutlu (2010)
Managing corporate performance: Investigating the relationship between corporate social responsibility and financial performance in emerging marketsInternational Journal of Productivity and Performance Management, 59
-
W. Waluyo (2017)
Firm Size, Firm Age, and Firm Growth on Corporate Social Responsibility in Indonesia: The Case of Real Estate CompaniesEuropean Research Studies Journal, 20
-
Gentjan Çera, J. Bélas, J. Maroušek, E. Çera (2020)
Do size and age of small and medium-sized enterprises matter in corporate social responsibility?Economics & Sociology, 13
-
Matthew Kotchen, J. Moon (2011)
Corporate Social Responsibility for IrresponsibilityThe B.E. Journal of Economic Analysis & Policy, 12
- Publisher
- Emerald Publishing
- Copyright
- © Emerald Publishing Limited
- ISSN
- 0972-7981
- DOI
- 10.1108/jamr-08-2022-0170
- Publisher site
- See Article on Publisher Site
Abstract
This paper aims to assess the impact of corporate social irresponsibility (CSiR) media coverage on firm performance in India. It also analyses the effects of the environment, social, governance, and cross-cutting issues on firm performance.Design/methodology/approachThe paper utilizes a sample of Indian firms from the Reprisk® database, amounting to 1,103 CSiR media coverage counts for 693 firm-year annual observations from 2008 to 2015. Further, Reprisk® segregates comprehensive CSiR coverage counts into the environment, social, governance and cross-cutting issues, for which the study runs the fixed effects panel regression. The study takes year-fixed effects, industry-fixed effects and clustered standard errors at the industry level.FindingsThe results of this study indicate that CSiR coverage negatively influences the firm performance of Indian firms. All issues, including social, governance and cross-cutting, except environmental issues, negatively impact firm value in India.Practical implicationsThe involvement of firms in CSiR costs the firms financially and drives down firm performance. Social issues, including community and employee-related matters, governance issues and cross-cutting issues, also reduce the firm performance.Social implicationsThe insignificant environmental impact on firm performance does not indicate that environmental issues have no detrimental consequences. Instead, it might need more stakeholders' awareness to understand the harmful implications of environmental issues on society.Originality/valueLimited studies have explored CSiR in India so far. The study is novel as it analyses the Reprisk® database and its segregation of media counts into the environment, social, governance and cross-cutting issues in the Indian context.
Journal
Journal of Advances in Management Research – Emerald Publishing
Published: Jan 5, 2024
Keywords: CSiR coverage; Media reporting; Environmental issues; Social issues; Governance issues; Cross-cutting issues; Firm performance