Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/288180 
Authors: 
Year of Publication: 
2023
Citation: 
[Journal:] Corporate Social Responsibility and Environmental Management [ISSN:] 1535-3966 [Volume:] 30 [Issue:] 6 [Publisher:] John Wiley & Sons, Inc. [Place:] Chichester, UK [Year:] 2023 [Pages:] 2695-2717
Publisher: 
John Wiley & Sons, Inc., Chichester, UK
Abstract: 
This study reviews recent empirical quantitative research on firm‐ and country‐related determinants of corporate social responsibility (CSR) decoupling and the consequences on firm value. Based on legitimacy theory and agency theory, top managers use CSR decoupling for self‐impression management and stakeholder attraction. Our review indicates that low (high) corporate governance quality increases (decreases) CSR decoupling and it has negative financial consequences for firms. We identify major research gaps and stress research recommendations for future CSR decoupling studies. Solid measures of CSR decoupling should compare quantitative performance measures and qualitative descriptions on CSR reports on strategies and processes. There is a great need to include automated text analyses of sustainability reports for future research designs. Due to extended regulations on CSR reporting from an international perspective, CSR decoupling remains a hot topic for researchers, business practice, and standard setters.
Subjects: 
corporate governance
CSR decoupling
CSR washing
greenwashing
legitimacy theory
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by-nc Logo
Document Type: 
Article
Document Version: 
Published Version

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