The impact of a firm's corporate social responsibility on firm–supplier relationships: The effect of secondary stakeholder<scp>CSR</scp>on inventory days

Well-known benefits of corporate social responsibility (CSR) are goodwill and trust. Typically, research states that if a firm engages in CSR activities benefit stakeholder X, then X will reciprocate with higher levels We advance this line by examining whether directed to increase the trust between different stakeholder, Y. Specifically, we examine consequences actions directs toward non-supplier stakeholders on firm-supplier relationship. argue firm's secondary (e.g., community environment) creates third parties (i.e., suppliers) manifests reduced inventory days. use data set comprising 27,551 firm-year observations find is associated decreased days more complex (more heterogenous competitive), munificent (growing), dynamic (unpredictable), socially irresponsible gambling tobacco) business environments.