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

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33 Citations (Scopus)


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
Article number106031
Peer-reviewed scientific journalJournal of Economics and Business
Publication statusPublished - 27.09.2021
MoE publication typeA1 Journal article - refereed


  • 512 Business and Management
  • corporate social responsibility
  • business strategy
  • prospector firms
  • growth
  • firm performance


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