Next Article in Journal
Organized Framework of Main Possible Applications of Sheep Wool Fibers in Building Components
Next Article in Special Issue
Influence of Authentic Leadership on Unethical Pro-Organizational Behavior: The Intermediate Role of Work Engagement
Previous Article in Journal
Identification of Heracleum sosnowskyi-Invaded Land Using Earth Remote Sensing Data
Previous Article in Special Issue
A Strategic Model for Sustainable Business Policy Development
 
 
Article

Understanding the Conceptual Evolutionary Path and Theoretical Underpinnings of Corporate Social Responsibility and Corporate Sustainability

1
School for Resource and Environmental Studies, Dalhousie University, Halifax, NS B3H 4R2, Canada
2
Albers School of Business and Economics, Seattle University, Seattle, WA 98195, USA
*
Author to whom correspondence should be addressed.
Sustainability 2020, 12(3), 760; https://doi.org/10.3390/su12030760
Received: 21 December 2019 / Revised: 17 January 2020 / Accepted: 19 January 2020 / Published: 21 January 2020
(This article belongs to the Special Issue CSR and Business Ethics for Sustainable Development)
To unlock the potential for corporations to play a more proactive role in sustainable development, it is critical to have a fundamental understanding of the pathways leading to a responsible and sustainable business. This study explores contributions of theories of the firm in explicating why and how integrating corporate social responsibility (CSR) and corporate sustainability (CS) into business strategic decisions and operation processes helps to improve the viability of corporations. The research objective is addressed through a narrative review of relevant literature by following the developmental and evolutionary sequences in business responsibility and sustainability while contemplating the connections between CSR and CS through the lens of the dominant theoretical perspectives underpinning the concepts. The study posits an integrative theoretical framework that offers supports for embedding CSR and CS into a corporate business strategy. It discusses that corporate choice of CSR and CS actions and policies is supported by dual internal and external mechanisms based on resource-based theory and institutional theory. This is to meet the interests and expectations of internal and external stakeholders, the basis upon which stakeholder theory is constructed. Findings from this review corroborate the proposition that the three theories of resource-based, institutional, and stakeholder could be used as the primary approach to explain corporate recognition of the need for CSR and CS, and further build a coherent platform to support corporate choice and adoption of CSR and CS in business strategy. View Full-Text
Keywords: sustainable development; corporate social responsibility (CSR); corporate sustainability (CS); institutional theory; resource-based theory; stakeholder theory sustainable development; corporate social responsibility (CSR); corporate sustainability (CS); institutional theory; resource-based theory; stakeholder theory
Show Figures

Figure 1

MDPI and ACS Style

Ashrafi, M.; Magnan, G.M.; Adams, M.; Walker, T.R. Understanding the Conceptual Evolutionary Path and Theoretical Underpinnings of Corporate Social Responsibility and Corporate Sustainability. Sustainability 2020, 12, 760. https://doi.org/10.3390/su12030760

AMA Style

Ashrafi M, Magnan GM, Adams M, Walker TR. Understanding the Conceptual Evolutionary Path and Theoretical Underpinnings of Corporate Social Responsibility and Corporate Sustainability. Sustainability. 2020; 12(3):760. https://doi.org/10.3390/su12030760

Chicago/Turabian Style

Ashrafi, Mehrnaz, Gregory M. Magnan, Michelle Adams, and Tony R. Walker. 2020. "Understanding the Conceptual Evolutionary Path and Theoretical Underpinnings of Corporate Social Responsibility and Corporate Sustainability" Sustainability 12, no. 3: 760. https://doi.org/10.3390/su12030760

Find Other Styles
Note that from the first issue of 2016, MDPI journals use article numbers instead of page numbers. See further details here.

Article Access Map by Country/Region

1
Back to TopTop