On the Scientific Status of the Conscious Capitalism Theory (Response to commentary)
Authors
Wang, Chong
Subjects
Advisors
Date of Issue
2013
Date
Spring 2013
Publisher
Language
Abstract
My article “Conscious Capitalism Firms: Do They Behave as Their
Proponents Say?” (in this issue of California Management Review)
demonstrates that empirical evidence does not support various
assertions made in Sisodia’s 2011 article in the California Management
Review1 regarding the drivers of the superior profit margins of Conscious
Capitalism (CC) firms. Furthermore, my article presents evidence challenging the
sustainability of CC firms’ superior stock performance as well as whether CC firms
indeed respond less to equity market pressure, as inferred from CC proponents’
claimed departure from traditional shareholders’ primacy.
Type
Article
Description
The article of record as published may be located at http://dx.doi.org/10.1525/cmr.2013.55.3.97
Series/Report No
Department
Organization
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NPS Report Number
Sponsors
Funder
Format
Citation
California Management Review, Vol. 55, No. 3, Spring 2013
Distribution Statement
Rights
This publication is a work of the U.S. Government as defined in Title 17, United States Code, Section 101. Copyright protection is not available for this work in the United States.