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Corporate Social-Financial Performance

The relationship between corporate social performance and corporate financial performance is a topic that Business and Society scholars have been debating for several decades. Different scholars with different disciplinary backgrounds have characterized the relationship between corporate social performance and corporate financial performance as complementary, contradictory, or independent. But before the arguments for each of these three viewpoints are summarized, “corporate social responsibility” and “corporate social performance” must be defined.

Corporate social performance can be defined as an organization’s configuration of principles of social responsibility, processes of social responsiveness, and observable outcomes as they relate to the organization’s societal relationships. In other words, a socially responsible organization evaluates its impact on society comprehensively and acts on certain principles to protect and improve its social and natural ...

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