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Publication date: September 2013
Source:Journal of Business Research, Volume 66, Issue 9

Author(s): Daniel Korschun , Shuili Du

Web-based social media have assumed unprecedented importance in today's world, dramatically changing the way individuals interact with companies and each other. Companies are rapidly expanding their use of social media, and many companies are now entering into what we call “virtual CSR dialogs,” where social media technologies are leveraged so that stakeholders can design and implement corporate social responsibility (CSR) activities with the company. But little is known about how such dialogs function, and there is a pressing need for theoretical frameworks that can deepen our understanding of how and when these dialogs generate value for both the company and society. This paper presents a framework that explains how stakeholders interpret and respond to virtual CSR dialogs. The framework reveals that virtual CSR dialogs generate value based on (a) the extent to which stakeholders identify with the community of dialog participants, and (b) the heightened expectations that stakeholders develop. It also outlines the key characteristics that influence the value generating capacity of virtual CSR dialogs. As a result, this paper highlights both the benefits and risks of initiating virtual CSR dialogs.

AVCJ

Liu Jianjun, a senor official at the National Development and Reform Commission (NDRC) who oversaw the private equity division, has been handed a leading role within the China Securities Regulatory Commission's (CSRC) fund department. The move comes amid ongoing tensions between the two regulators over the private equity remit.

New research shows that employees want to work for companies that make sustainability a priority.