Formal vs. Informal CSR Strategies: Evidence from Italian Micro, Small, Medium-sized, and Large Firms

Journal of Business Ethics 85 (S2):339-353 (2009)
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Abstract

Recent research on corporate social responsibility (CSR) suggests the need for further exploration into the relationship between small and medium-sized enterprises (SMEs) and CSR. SMEs rarely use the language of CSR to describe their activities, but informal CSR strategies play a large part in them. The goal of this article is to investigate whether differences exist between the formal and informal CSR strategies through which firms manage relations with and the claims of their stakeholders. In this context, formal CSR strategies seem to characterize large firms while informal CSR strategies prevail among micro, small, and medium-sized enterprises. We use a sample of 3,626 Italian firms to investigate our research questions. Based on a multistakeholder framework, the analysis provides evidence that small businesses* use of CSR, involving strategies with an important impact on the bottom line, reflects an attempt to secure their license to operate in the communities; while large firms rarely make attempts to integrate their CSR strategies into explicit management systems

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References found in this work

Business ethics: managing corporate citizenship and sustainability in the age of globalization.Andrew Crane - 2007 - New York: Oxford University Press. Edited by Dirk Matten & Andrew Crane.
The balanced company: a theory of corporate integrity.Muel Kaptein - 2002 - New York: Oxford University Press. Edited by Johan Ferdinand Dietrich Bernardus Wempe.
Does size matter? The state of the art in small business ethics.Laura J. Spence - 1999 - Business Ethics, the Environment and Responsibility 8 (3):163–174.
Does size matter? The state of the art in small business ethics.Laura J. Spence - 1999 - Business Ethics, the Environment and Responsibility 8 (3):163-174.

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