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

中文翻译：

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企业社会责任对企业-供应商关系的影响：次要利益相关者企业社会责任对库存天数的影响

众所周知，企业社会责任 (CSR) 的好处是善意和信任。通常，研究表明，如果一家公司从事有利于利益相关者 X 的 CSR 活动，那么利益相关者 X 将以更高的信任度回报。我们通过检查针对利益相关者 X 的 CSR 活动是否增加了公司与不同利益相关者 Y 之间的信任水平来推进这一研究。具体而言，我们研究了公司针对非供应商利益相关者的 CSR 行动的后果厂商-供应商关系。我们认为，公司的次要利益相关者 CSR（例如，社区和环境）与第三方（例如，供应商）建立了信任和商誉，这体现在减少库存天数上。我们使用一个包含 27 个数据集，