The Relationship between Corporate Social and Financial Performance

The Relationship between Corporate Social and Financial Performance With scholars contributing volumes of literature on the topic of corporate social performance, the relationship posted between corporate social performance (CSP) and corporate financial performance (CFP) has been known to differ greatly.Advertising We will write a custom report sample on The Relationship between Corporate Social and Financial Performance specifically for you for only $16.05 $11/page Learn More The differences have resulted to confusion in the process of identifying the contributions of CSP in determining the CFP. The differences between the two attributes have given varying results; with some studies suggesting that CSP has high correlation with CFP, while other studies reporting lower or even negative correlations between the two. A closer analysis of the correlation trends posits that research results carried in social issues in management journals, journals of business ethics among other social science journals reports higher correlations compared to studies carried in accounting, finance or economics journals. In this regard, the hypothesis of this article seeks to show that the differences in these studies have been shaped by institutional logics that affect the cognitions of researchers rather than methodological and factual reasons. In advancing his hypothesis, Orlitzky, (2011), states that research results are socially constructed and thus the social constructions are responsible for the varying scores as far as the correlations of CSP and CFP is concerned. Researchers in varying disciplines have specified institutional logics that affect the quality of the results that they post after the research findings. To unravel the contributions of the institutional logics in determination of the research findings, the article uses a meta-analysis approach whereby various inputs from varying research findings are pooled together and analyzed analytically. In the meta-analysis process, the concept of data input in the ar ticle has been given preeminence to ensure that the variance in the correlation posted does not originate from data quality. At the end of the study, Orlitzky, (2011) proves that researchers enter into a research field with a mindset shaped by the institutional logics. Therefore, the social constructs are responsible for the varying result as far as the correlations of the CSP and CFP is concerned. Researchers in financial, economic and accounting fields have approached the topic with a mind set that the social responsibility has no significant effects to the financial performance of an institution.Advertising Looking for report on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More However, researchers in the business ethics and related fields approach the same topic with a mindset that explains the importance of the corporate social responsibility in the overall performance of the organization. The institutional m indsets, therefore, are responsible for the varying correlations of the concept of CSP and CFP when examined by different schools of thought. In conclusion, the acceptance of Orlitzky’s hypothesis can have tremendous effects to researchers in the field of CSP and its correlations to CFP. This is because Orlitzky, (2011), manages to prove that social constructs are responsible for the differences of the correlation figures posted by different researchers. The result can also have a significant effect to researchers as their objectivity and elimination of research bias is concerned. What Orlitzky, (2011) proves to researchers is that the concept of bias is yet to be overcome by the numerous researchers and thus the result of some of the research conducted may be in doubt. The study has also managed to show the extent to which individual inputs have on the results of a study. The results also has some implications for future research as it offers insights that may be helpful to researchers in order to minimize the effects of institutional logic in the process conducting research Reference Orlitzky, M. (2011). Institutional Logics in the Study of Organizations: The Social Construction of the Relationship between Corporate Social and Financial Performance. Business Ethics Quarterly 21 (3). Pp 409-444

Free Guide to Writing an Effective Resume

Free Guide to Writing an Effective Resume What Is a Resume? A resume is a compilation of your work experience, academic experience, and accomplishments. Resumes are usually used by employers and admissions committees who want to know more about a particular candidate.   Effective vs. Ineffective Resumes The main difference between an ineffective resume and an effective resume is that an ineffective resume gets ignored, and an effective resume leads to a follow-up phone call of interview request.  Ã‚   The Most Important Aspect of Resume Writing Resume writing can seem like an intimidating task, but it’s actually easier than you think. Your resume only has one job to do: It must pique the interest of your potential employer. That’s it. It doesn’t have to tell your life story and it doesn’t have to answer every question a potential employer might have. Detail Previous Experience Detail your previous experience. Think about your background and past experiences. Take what you learned in business school and apply it to the job you seek. Emphasize relevant skills and related accomplishments. Academic Experience Academic qualifications can really give your resume an edge. If you have degrees, certifications, or specialized training, note it. Try to include any related unpaid work that you have done, such as internships. Youll also want to detail any certifications or licenses that you hold. Hobbies Think very carefully before listing your hobbies on your resume. A good rule of thumb is to avid mentioning your hobbies unless they directly apply to the job that you are going out for. Concentrate only on what demonstrates your value; leave everything else out. If you are going to include your hobbies, make sure that they are hobbies that look good on a resume. Use Industry Terms Using industry terms in your resume is a good idea. It is also smart to use these terms to tailor your resume. To do this, start by  researching the companies  that interest you. Next, read publications or websites directly related to your target industry. Are there particular requirements that are frequently mentioned? If so, use these requirements as keywords throughout your resume. Learn more about how to write a targeted resume. Resume Action Words As you are writing, try not to use the same words over and over. Avoiding repetition will make your resume more exciting. Drop in some of the following action words to jazz things up a bit: AccomplishedAchievedAttainedCompletedCreatedDeliveredDemonstratedEnhancedExpandedImprovedIncreasedManagedObtainedPerformedProducedSecuredSucceededSurpassed See more examples of action words and power verbs for your resume. Resume Structure and Layout Next, make sure everything is neatly typed and spelled correctly. Your resume should be eye-catching without being flashy. Above all, it should be easy to read. If you need ideas for layout and resume structure, find resume samples online or go to the library and study a book. Both outlets will offer many examples of professionally written resumes. (A great online place is: jobsearch.about.com) Resume Proofreading When your resume is finished, read it over carefully and make sure that it properly demonstrates your value as an employee. Use this resume proofreading checklist to catch everything. If you have written an effective invitation to employers, all you need to do now is sit back and wait for the phone to ring.