Corporate Responsibility and Financial Performance: The Paradox of Social Cost

Acknowledgments Introduction: The Idea of Corporate Social Responsibility The Association between Corporate Social Responsibility and Financial Performance The Paradox of Social Cost The Association between Corporate Social Responsibility and Financial Performance: Methodology and Results The Language of Corporate Social Responsibility Annual Reports as a Medium for Voluntarily Signalling and Justifying Corporate Social Responsibility Activities The Language of Corporate Social Responsibility: Methodology and Results The Legitimacy of Corporate Social Responsibility Criteria for Evaluating the Legitimacy of Corporate Social Responsibility Projects Evaluating Specific Social Responsibility Projects Corporate Responsibilities Beyond an Information Disclosure Policy Conclusions: Ten Propositions about Corporate Social Responsibility Bibliography Appendix A: Summary of 21 Empirical Studies Appendix B: Socially Screened versus Control Firms Appendix C: Socially Screened versus Control Firms