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| Author: | Lee, M-D.P. |
| Title: | Configuration of external influences: the combined effects of institutions and stakeholders on corporate social responsibility strategies |
| Journal: | Journal of Business Ethics
2011 : AUG II, VOL. 102:2, p. 281-298 |
| Index terms: | corporate responsibility social responsibility strategy institutions stakeholders theories |
| Freeterms: | CSR corporate social strategy |
| Language: | eng |
| Abstract: | A theoretical framework is introduced combining institutional and stakeholder theories to explain how firms choose their corporate social responsibility (CSR) strategy. It is argued that the divergence comes from the variability in the configuration of external influences consisting of institutional and stakeholder pressures. While institutions influence on firms' social behaviour by shaping the macro-level incentive structure and sources of legitimacy, firms' stakeholders can amplify or buffer the institutional forces by acting as mediators etc. |
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