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312
A resource-based perspective on information technology capability and firm performance: An empirical investigation
- MIS Quarterly
, 2000
"... The resource-based view of the firm attributes superior financial performance to organizational resources and capabilities. This paper develops the concept of IT as an organizational capability and empirically examines the association between IT capability and firm performance. Firm specific IT reso ..."
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Cited by 439 (1 self)
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The resource-based view of the firm attributes superior financial performance to organizational resources and capabilities. This paper develops the concept of IT as an organizational capability and empirically examines the association between IT capability and firm performance. Firm specific IT resources are classified as IT infrastructure, human IT resources, and IT-enabled intangibles. A matched-sample comparison group metho-dology and publicly available ratings are used to assess IT capability and firm performance. Results indicate that firms with high IT capability tend to outperform a control sample of firms on a variety of profit and cost-based performance measures. 1Sirkka Jarvenpaa was the accepting senior editor for this paper.
Misery loves companies: Rethinking social initiatives by business
- Administrative Science Quarterly
, 2003
"... Companies are increasingly asked to provide innovative solutions to deep-seated problems of human misery, even as economic theory instructs managers to focus on maximizing their shareholders ' wealth. In this paper, we assess how organization theory and empirical research have thus far responde ..."
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Cited by 350 (3 self)
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Companies are increasingly asked to provide innovative solutions to deep-seated problems of human misery, even as economic theory instructs managers to focus on maximizing their shareholders ' wealth. In this paper, we assess how organization theory and empirical research have thus far responded to this tension over corporate involvement in wider social life. Organizational scholar-ship has typically sought to reconcile corporate social ini-tiatives with seemingly inhospitable economic logic. Depicting the hold that economics has had on how the relationship between the firm and society is conceived, we examine the consequences for organizational research and theory by appraising both the 30-year quest for an empirical relationship between a corporation's social initiatives and its financial performance, as well as
Corporate social responsibility: Strategic implications
- Journal of Management Studies
, 2006
"... We describe a variety of perspectives on corporate social responsibility (CSR), which we use to develop a framework for consideration of the strategic implications of CSR. Based on this framework, we propose an agenda for additional theoretical and empirical research on CSR. We ..."
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Cited by 127 (1 self)
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We describe a variety of perspectives on corporate social responsibility (CSR), which we use to develop a framework for consideration of the strategic implications of CSR. Based on this framework, we propose an agenda for additional theoretical and empirical research on CSR. We
Do Corporate Global Environmental Standards Create or Destroy Market Value? Management Science 46(8
, 2000
"... Arguments can be made on both sides of the question of whether a stringent global corporate environmental standard represents a competitive asset or liability for multinational enterprises (MNEs) investing in emerging and developing markets. Analyzing the global environmental standards of a sample o ..."
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Cited by 105 (0 self)
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Arguments can be made on both sides of the question of whether a stringent global corporate environmental standard represents a competitive asset or liability for multinational enterprises (MNEs) investing in emerging and developing markets. Analyzing the global environmental standards of a sample of U.S.-based MNEs in relation to their stock market performance, we find that firms adopting a single stringent global environmental standard have much higher market values, as measured by Tobin’s q, than firms defaulting to less stringent, or poorly enforced host country standards. Thus, developing countries that use lax environmental regulations to attract foreign direct investment may end up attracting poorer quality, and perhaps less competitive, firms. Our results also suggest that externalities are incorporated to a significant extent in firm valuation. We discuss plausible reasons for this observation.
Beyond dichotomy: The curvilinear relationship between social responsibility and financial performance
- Strategic Management Journal
, 2006
"... A central and contentious debate in many literatures concerns the relationship between financial and social performance. We advance this debate by measuring the financial–social performance link within mutual funds that practice socially responsible investing (SRI). SRI fund managers have an array o ..."
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Cited by 54 (0 self)
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A central and contentious debate in many literatures concerns the relationship between financial and social performance. We advance this debate by measuring the financial–social performance link within mutual funds that practice socially responsible investing (SRI). SRI fund managers have an array of social screening strategies from which to choose. Prior studies have not addressed this heterogeneity within SRI funds. Combining modern portfolio and stakeholder theories, we hypothesize that the financial loss borne by an SRI fund due to poor diversification is offset as social screening intensifies because better-managed and more stable firms are selected into its portfolio. We find support for this hypothesis through an empirical test on a panel of 61 SRI funds from 1972 to 2000. The results show that as the number of social screens used by an SRI fund increases, financial returns decline at first, but then rebound as the number of screens reaches a maximum. That is, we find a curvilinear relationship, suggesting that two long-competing viewpoints may be complementary. Furthermore, we find that financial performance varies with the types of social screens used. Community relations screening increased financial performance, but environmental and labor relations screening decreased financial performance. Based on our results, we suggest that literatures addressing the link between financial and
How Well Do Social Ratings Actually Measure Corporate Social Responsibility?
"... Ratings of corporations ’ environmental activities and capabilities influence billions of dollars of “socially responsible ” investments as well as some consumers, activists, and potential employees. In one of the first studies to assess these ratings, we examine how well the most widely used rating ..."
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Cited by 48 (1 self)
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Ratings of corporations ’ environmental activities and capabilities influence billions of dollars of “socially responsible ” investments as well as some consumers, activists, and potential employees. In one of the first studies to assess these ratings, we examine how well the most widely used ratings— those of Kinder, Lydenberg, Domini Research & Analytics (KLD)—provide transparency about past and likely future environmental performance. We find KLD “concern ” ratings to be fairly good summaries of past environmental performance. In addition, firms with more KLD concerns have slightly, but statistically significantly, more pollution and regulatory compliance violations in later years. KLD environmental strengths, in contrast, do not accurately predict pollution levels or compliance violations. Moreover, we find evidence that KLD’s ratings are not optimally using publicly available data. We discuss the implications of our findings for advocates and skeptics of corporate social
Exploring the locus of profitable pollution reduction.
- Management Science,
, 2002
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Research on Organizations and the Natural Environment, 1992-Present: A Review
- Journal of Management
, 2007
"... The literature on organizations and the natural environment, published since 1992, is reviewed, with the purpose of determining if and what the contributions have been to strategy and organi-zational theory. The author performs the review at three levels—firm, industry, and organizational environmen ..."
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Cited by 26 (0 self)
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The literature on organizations and the natural environment, published since 1992, is reviewed, with the purpose of determining if and what the contributions have been to strategy and organi-zational theory. The author performs the review at three levels—firm, industry, and organizational environment. Subsequently, he discusses empirical and conceptual constraints on the production of quality research and highlights research that successfully overcomes these barriers.
ORGANIZATIONAL DESIGN AND ENVIRONMENTAL PERFORMANCE: CLUES FROM THE ELECTRONICS INDUSTRY
, 2004
"... research advice of Andrew King, Larry Singell and Stephen Johnson. Thanks also are due to ..."
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Cited by 22 (0 self)
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research advice of Andrew King, Larry Singell and Stephen Johnson. Thanks also are due to
The Economic Value of Corporate Eco-Efficiency
, 2005
"... Research (MISTRA) for financial support. All remaining errors are the sole responsibility of the authors. The ..."
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Cited by 19 (1 self)
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Research (MISTRA) for financial support. All remaining errors are the sole responsibility of the authors. The