Corporate life cycle, organizational financial resources and corporate social responsibility

Mostafa Monzur Hasan*, Ahsan Habib

*Corresponding author for this work

Research output: Contribution to journalArticle

21 Citations (Scopus)

Abstract

This study examines the association between the corporate life cycle and corporate social responsibility (CSR). Motivated by the resource-based theory, we hypothesize and find supportive evidence that the resource base and competitive advantages allow mature firms to invest more in CSR-related activities than firms at other stages of the corporate life cycle. We further examine the role of financial resources in explaining the relation between the corporate life cycle and CSR. Our results show that size, profitability and slack resources moderate the association between the corporate life cycle and CSR. These findings are robust when subjected to a series of sensitivity tests.

Original languageEnglish
Pages (from-to)20-36
Number of pages17
JournalJournal of Contemporary Accounting and Economics
Volume13
Issue number1
DOIs
Publication statusPublished - 1 Apr 2017
Externally publishedYes

Keywords

  • Corporate life cycle
  • Corporate social responsibility
  • Financial resources

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