Tuesday, 4 November 2008

latest

still working away at this SP FP thing

i have 2000 words - just wanna sort out the rest 1500? by friday

still some cospetic changes to make to some of what has been done

plus more on what has been happening of late. since 1990 ish

more on stakeholder theory and simple rationale behind it.

more on where I want to go with this - need to make the jump to where I want to be.

going throught the rest of the articles, picking out what is relevant.

defo finished by friday...

Saturday, 1 November 2008

saturday 1st nov

been working my way through writing the first part of the it review.
part 1 - CFP - FP link and how it is flawed - rationale for looking at specific industry and in a new way.

have about half done. Want to have 3500 words done by friday. 7th. and then onto model and experience.

need to work through sunday to get done.

Tuesday, 28 October 2008

McWilliams 1999

Corporate Social Responsibility and Financial Performance: Correlation or Misspecification?

Thinks that R&D has been overlooked by researchers looking at these CSP FP relationships.

Again, misses the point a little.

My point is that the whoel thing needs to be reassessed. The whole outlook, approach.

Roberts 2002

Corporate reputation and sustained superior financial performance

Average article - thinks that reputation has been overlooked in some CSP FP models

not worth looking at.

Monday, 27 October 2008

oosterhout 2006

Much Ado About Nothing: A Conceptual Critique of CSR

Odd piece, but might be quite useful - looks at the rational behind ditching CSR altogether.

Same kind of arguments as other authors - general lack of theoretical background - or at least a real mishmash of different concepts - slates the whole CFP CSP thing - waste of time.

A lot of references to data chasing theory - loads of stats, but what do they mean?

good quote on pg 15

it should be acknowledged that there is no uncontestable way of measuring such a complex construct...

Lankoski 2007

Corporate responsibility activities and economic performance: a theory of why and how they are connected

One of what i imagine to be a raft of new articles trying to sort out this mess. Not entirely sure what this article is trying to say. The author tries to separte the outcomes form the activities and tries to resurrect the idea of the inverted U -curve. The idea that initial gains can be made but will suffer form diminishing marginal returns. Lots of hocus-pocus about where the curve is and how it can move.

The article has an odd env feel to it, and leaves a lot to be explained. Interesting to see if a little more will come out of articles like this. I think there is a need to untangle this web, but I'm not sure this article is quite the way forward.

Mentions some articles - Orlitszky 2003 - not sure i still have this - meta analysis.

Griffin Mahon 1997

The Corporate Social Performance and Corporate Financial Performance Debate: Twenty-Five Years of Incomparable Research

as the title suggests

pg 10 big critique of all these silly studies, despite clear remarks not to go down that road.
pg 11 starts to veer towards what i ma talking about - "the focus on a single industry may allow for the development and recognition of specific patterns of social performance that may be specific to a single industry and its stakeholder patterns of action and involvement, and it also allowas for a clearer recognition of different social performance by individual companies within the industry."

Big critique of FP measures pg 11 - over 70% of financial performance measures were used only once.!!!!!

Outline the Fortune survey pg 14

And then KLD (at bottom) pg 14

And TRI - toxic release inventory pg 15

And corporate philanthrophy pg 16

one industry (chemicals)

5 FP measures - return on equity, return on assets, total assets, asset age, 5-year return on sales.

Not huge findings - points to "CSP and FP relationships in specific industry contexts and offer more relevant insights to practitioners. In addition, we believe that such a research focus will yield rich insights into specific corporate social performance activities by individual firms.
pg 25

Need to refie complex relationships by looking in depth at one industry.