9 found
Marc Orlitzky [11]Marc O. Orlitzky [1]
  1.  82
    Corporate Social Performance and Firm Risk: A Meta-Analytic Review.Marc Orlitzky & John D. Benjamin - 2001 - Business and Society 40 (4):369-396.
    Building on earlier work on the relationship between corporate social performance (CSP) and a firm’s financial performance, this integrative empirical study supports the theoretical argument that the higher a firm’s CSP the lower its financial risk. Specifically, the relationship between CSP and risk appears to be one of reciprocal causality, because prior CSP is negatively related to subsequent financial risk, and prior financial risk is negatively related to subsequent CSP. Additionally, CSP is more strongly correlated with measures of market risk (...)
    Direct download (2 more)  
    Export citation  
    Bookmark   98 citations  
  2. Institutional Logics in the Study of Organizations: The Social Construction of the Relationship between Corporate Social and Financial Performance.Marc Orlitzky - 2011 - Business Ethics Quarterly 21 (3):409-444.
    ABSTRACT:This study examines whether the empirical evidence on the relationship between corporate social performance (CSP) and corporate financial performance (CFP) differs depending on the publication outlet in which that evidence appears. This moderator meta-analysis, based on a total sample size of 33,878 observations, suggests that published CSP-CFP findings have been shaped by differences in institutional logics in different subdisciplines of organization studies. In economics, finance, and accounting journals, the average correlations were only about half the magnitude of the findings published (...)
    Direct download (4 more)  
    Export citation  
    Bookmark   32 citations  
  3.  88
    Does firm size comfound the relationship between corporate social performance and firm financial performance?Marc Orlitzky - 2001 - Journal of Business Ethics 33 (2):167 - 180.
    There has been some theoretical and empirical debate that the positive relationship between corporate social performance (CSP) and firm financial performance (FFP) is spurious and in fact caused by a third factor, namely large firm size. This study examines this question by integrating three meta-analyses of more than two decades of research on (1) CSP and FFP, (2) firm size and CSP, and (3) firm size and FFP into one path-analytic model. The present study does not confirm size as a (...)
    Direct download (4 more)  
    Export citation  
    Bookmark   48 citations  
  4. Sustainable Development and Financial Markets: Old Paths and New Avenues.Marc Orlitzky, Rob Bauer & Timo Busch - 2016 - Business and Society 55 (3):303-329.
    This article explores the role of financial markets for sustainable development. More specifically, the authors ask to what extent financial markets foster and facilitate more sustainable business practices. The authors highlight that their current role is rather modest and conclude that, on the old paths, a paradoxical situation exists. On one hand, financial market participants increasingly integrate environmental, social, and governance criteria into their investment decisions, whereas on the other hand, in terms of organizational reality, there seems to be no (...)
    Direct download  
    Export citation  
    Bookmark   15 citations  
  5.  36
    Unpacking the Drivers of Corporate Social Performance: A Multilevel, Multistakeholder, and Multimethod Analysis.Marc Orlitzky, Céline Louche, Jean-Pascal Gond & Wendy Chapple - 2017 - Journal of Business Ethics 144 (1):21-40.
    The question of what drives corporate social performance has become a vital concern for many managers and researchers of large corporations. This study addresses this question by adopting a multilevel, multistakeholder, and multimethod approach to theorize and estimate the relative influence of macro, meso, and micro factors on CSP. Applying three different methods of variance decomposition analysis to an international sample of 2060 large public companies over a time span of 5 years, our results show that firm-level factors explain the (...)
    Direct download (3 more)  
    Export citation  
    Bookmark   11 citations  
  6.  23
    Seeing Versus Doing: How Businesses Manage Tensions in Pursuit of Sustainability.Jay Joseph, Helen Borland, Marc Orlitzky & Adam Lindgreen - 2020 - Journal of Business Ethics 164 (2):349-370.
    Management of organizational tensions can facilitate the simultaneous advancement of economic, social, and environmental priorities. The approach is based on managers identifying and managing tensions between the three priorities, by employing one of the three strategic responses. Although recent work has provided a theoretical basis for such tension acknowledgment and management, there is a dearth of empirical studies. We interviewed 32 corporate sustainability managers across 25 forestry and wood-products organizations in Australia. Study participants were divided into two groups: those considered (...)
    Direct download (2 more)  
    Export citation  
    Bookmark   5 citations  
  7.  17
    Broad or Narrow Stakeholder Management? A Signaling Theory Perspective.Marc O. Orlitzky, Dirk M. Boehe & Limin Fu - 2022 - Business and Society 61 (7):1838-1880.
    To mitigate risk, should companies signal a broad range of environmental, social, and governance initiatives or instead focus on only a few ESG issues? Drawing on signaling theory, we propose that a broad array of ESG initiatives generates not only signal consistency but also accelerating signal costs. Our empirical results support the resultant hypothesis of a curvilinear relationship between ESG scope and equity risk. In addition, this U-shaped curve seems to become steeper when firms face multiple media-reported ESG controversies. Overall, (...)
    No categories
    Direct download (2 more)  
    Export citation  
    Bookmark   1 citation  
  8.  49
    Normative Myopia, Executives' Personality, and Preference for Pay Dispersion.Marc Orlitzky, Diane L. Swanson & Laura-Kate Quartermaine - 2006 - Business and Society 45 (2):149-177.
    In this preliminary study, the authors extend Swanson's concept of normative myopia (the propensity of executives to downplay or ignore the values at stake in their decision making) by using it as a point of reference for studying executives' preference for high pay dispersion. Specifically, the authors designed a survey to examine hypothesized relationships among myopia, personality, and executives' preference for highly stratified organizational pay structures. Data from 133 executive respondents suggest that myopic executives tend to prefer top-heavy compensation systems. (...)
    Direct download (2 more)  
    Export citation  
    Bookmark   9 citations  
  9. Human Rights, Transnational Corporations and Embedded Liberalism: What Chance Consensus? [REVIEW]Glen Whelan, Jeremy Moon & Marc Orlitzky - 2009 - Journal of Business Ethics 87 (2):367 - 383.
    This article contextualises current debates over human rights and transnational corporations. More specifically, we begin by first providing the background to John Ruggie's appointment as 'Special Representative of the Secretary-General on the issue of human rights and transnational corporations and other business enterprises'. Second, we provide a brief discussion of the rise of transnational corporations, and of their growing importance in terms of global governance. Third, we introduce the notion of human rights, and note some difficulties associated therewith. Fourth, we (...)
    Direct download (4 more)  
    Export citation  
    Bookmark   17 citations