Page 252 - The Handbook of Persuasion and Social Marketing

Announcements of socially irresponsible or illegal actions reduce shareholder Social responsibility reduces firm performance risk Positive social performance boosts firm performance Positive environmental performance boosts firm

Comment wealth (same) performance (same) (same)

SD or (95% CI) 0.22 0.25 0.20 (0.05 – 0.08)

Effect Size d = −.93 (r = −.422) r = −.15 r = .18 r = .13 r = .06 r = .10 r = .06

Corporate Social/Environmental Performance and Financial Outcomes

Samples

27 60 388 251 139 61 71
Observations

2,161 6,186 33,878 38,483 9,823 11,522 22,869
irresponsibility and shareholder wealth Social performance and firm risk Social performance Environmental performance and firm performance

Topic Social and firm performance (same) (same) (same)

Frooman, Business & Society, Orlitzky & Benjamin, Business & Society, 2001 Orlitzky, Schmidt, & Rynes, Organization Studies, 2003 Margolis et al., SSRN abstract 1866371, 2009 Orlitzky et al., Organization Margolis et al., SSRN abstract 1866371, 2009 Dixon-Fowler et al., Journal of Business Ethics, 2013

table 8.6 Source 1997 Studies, 2003