Staff Publications

Staff Publications

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    'Staff publications' is the digital repository of Wageningen University & Research

    'Staff publications' contains references to publications authored by Wageningen University staff from 1976 onward.

    Publications authored by the staff of the Research Institutes are available from 1995 onwards.

    Full text documents are added when available. The database is updated daily and currently holds about 240,000 items, of which 72,000 in open access.

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Record number 539160
Title Corporate social responsibility and operational inefficiency : A dynamic approach
Author(s) Guillamon-Saorin, Encarna; Kapelko, Magdalena; Stefanou, Spiro E.
Source Sustainability 10 (2018)7. - ISSN 2071-1050
DOI https://doi.org/10.3390/su10072277
Department(s) Business Economics
WASS
Publication type Refereed Article in a scientific journal
Publication year 2018
Keyword(s) Corporate social responsibility - Data envelopment analysis - Dynamic technical inefficiency - Operational inefficiency
Abstract

It is yet to be determined whether the firms' operational inefficiency is reflected on the Corporate Social Responsibility (CSR) engagement approach. This paper aims to examine this association and specifically analyzes to which of the dimensions of CSR operational inefficiency is more closely related. Operational inefficiency is assessed using Data Envelopment Analysis (DEA) via dynamic inefficiency approach that accounts for the confounding role of adjustment costs related with firms' investments. Using a sample of U.S. firms in a variety of sectors from 2004 to 2015, we find that lower dynamic inefficiency occurs in firms with a higher commitment to CSR activities. We also find that dynamic inefficiency is negatively related to firms' engagement in social and corporate governance dimensions of CSR, whereas it is positively associated with the environmental dimension of CSR. In addition, dynamically inefficient companies have higher level of CSR concerns and lower of CSR strengths. The results are robust to endogeneity issues.

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