When Does It Pay to be Good? Moderators and Mediators in the Corporate Sustainability-Corporate Financial Performance Relationship: A Critical Review

被引:257
作者
Grewatsch, Sylvia [1 ]
Kleindienst, Ingo [2 ]
机构
[1] Aarhus Univ, Dept Business Adm Strategy & Org Behav, Bartholins Alle 10,Bldg 1323 Room 424, DK-8000 Aarhus C, Denmark
[2] Aarhus Univ, Dept Business Adm Strategy & Org Behav, Bartholins Alle 10,Bldg 1323 Room 422, DK-8000 Aarhus C, Denmark
关键词
Corporate sustainability; Corporate financial performance; Moderators; Mediators; Literature review; Strategic corporate sustainability; PERCEIVED BEHAVIORAL-ATTRIBUTES; RESOURCE-BASED THEORY; SOCIAL-RESPONSIBILITY; INSTITUTIONAL OWNERSHIP; MANAGEMENT JOURNALS; COMPETITIVE FORCES; STAKEHOLDER THEORY; STRATEGY RESEARCH; EMPIRICAL-TEST; LEADERSHIP;
D O I
10.1007/s10551-015-2852-5
中图分类号
F [经济];
学科分类号
02 ;
摘要
In this paper, we review the literature on moderators and mediators in the corporate sustainability (CS)-corporate financial performance (CFP) relationship. We provide some clarity on what has been learned so far by taking a contingency perspective on this much-researched relationship. Overall, we find that this research has made some progress in the past. However, we also find this research stream to be characterized by three major shortcomings, namely low degree of novelty, missing investment in theory building, and a lack of research design and measurement options. To address these shortcomings, we suggest avenues for future research. Beyond that we also argue for a stronger emphasis on the strategic perspective of CS. In particular, we propose future research to take a step back and aim for an integration of the CS-CFP relationship into the strategic management literature.
引用
收藏
页码:383 / 416
页数:34
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