Strategic CSR and firm performance: the role of prospector and growth strategies

Research output: Contribution to journalArticleScientificpeer-review

Abstract

This paper investigates the relations between CSR, business strategies, and future firm performance. The focus is on how strategies such as growth, prospector, and defender strategies affect the CSR-performance relation. Prospector strategies are associated with high R&D and advertising expenses but low capital intensity, while a general growth strategy is measured by revenue growth. Using a sample of listed companies from 23 developed countries by MSCI, CSR improvements are shown to be positively related to future profitability in prospector and growth firms. Both growth and prospector strategies improve the performance of CSR activities.
Original languageEnglish
Peer-reviewed scientific journalJournal of Economics and Business
ISSN0148-6195
DOIs
Publication statusAccepted/In press - 2021
MoE publication typeA1 Journal article - refereed

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