Please use this identifier to cite or link to this item:
https://ruomo.lib.uom.gr/handle/7000/361
Title: | Corporate social responsibility reporting and organizational stigma: the case of “sin” industries |
Authors: | Grougiou, Vassiliki Dedoulis, Emmanouil Leventis, Stergios |
Type: | Article |
Subjects: | FRASCATI::Social sciences::Economics and Business::Business and Management FRASCATI::Social sciences::Economics and Business::Business and Management |
Keywords: | Ethicscontroversial industriessin firmsvoluntary disclosure corporate social responsibility |
Issue Date: | 2016 |
Publisher: | Elsevier |
Source: | Journal of Business Research |
Volume: | 69 |
Issue: | 2 |
First Page: | 905 |
Last Page: | 914 |
Abstract: | We examine corporate social responsibility (CSR) reporting strategies by focusing on stigmatized firms belonging to the alcohol, tobacco, gambling, nuclear energy and firearm sectors. These are often described as “sins” due to their perceived deviation from broadly-endorsed standards. We employ a sample of 109 U.S. listed “sin” firms for a seven-year period (2003-2009) and control with another set of 109 similar-sized, non-“sin” firms for the same period. We find that “sin” firms are more prone to issuing standalone CSR reports. We also demonstrate that a greater risk of litigation by third parties increases the likelihood of a “sin” firm instigating CSR reports, while variations in ownership structure do not. By drawing upon literature on organizational stigma, we argue that CSR disclosures constitute an integral part of “sin” firms’ strategic goal to distract attention from their controversial activities, lessen the negative consequences of stigmatization and neutralize the impact of litigation proceedings. |
URI: | https://doi.org/10.1016/j.jbusres.2015.06.041 https://ruomo.lib.uom.gr/handle/7000/361 |
Other Identifiers: | 10.1016/j.jbusres.2015.06.041 |
Appears in Collections: | Department of Business Administration |
Files in This Item:
File | Description | Size | Format | |
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CSR Sin Industries.pdf | Corporate Social Responsibility Reporting and Organizational Stigma: The Case of “Sin” Industries | 848,68 kB | Adobe PDF | View/Open |
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