Terrorism and Corporate Social Responsibility: Testing the Impact of Attacks on CSR Behavior

This is the first study to empirically examine the effects of terrorism on corporate social responsibility (CSR). Their relationship is not intuitive. The theoretical literature on CSR suggests that societal vicissitudes increase CSR demand, but can also incentivize self-regarding behavior. Historical accounts of terrorist attacks and other disasters confirm that they have at times elicited altruism and selfishness from the private sector. To...