Journal Title

Sustainability

Publication Date

4-28-2017

Abstract

There are existing studies that successfully show the impact of corporate social responsibility (CSR) on firms’ financial performance. However, limited attention is paid to its impact on the business ecosystem. CSR could be seen as an investment for building a sustainable business ecosystem, which enhances the competitiveness of this system’s members. In that context, this study apprehends and captures the virtuous cycle of firm competitiveness. On analyzing data from interviews with seven firms, the study offers four propositions identifying the structure of the virtuous cycle linking CSR activities to firm competitiveness through the accumulation of social capital within business ecosystems. Based on those propositions, the study offers new insights into CSR research for academics and strategic planning guidelines for managers that integrate social and economic values for a sustainable business ecosystem and firm competitiveness.

Author Supplied Keywords

Business ecosystem; Qualitative research; CSR; Social capital; Social value

Subjects

Social responsibility of business; Competition; Sustainable development

Publication Information

Archived version is the final published version.

DOI

10.3390/su9050707

Peer-Reviewed

Yes

Document Type

Journal Article

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