JOURNAL OF LEADERSHIP, ACCOUNTABILITY AND ETHICS
The Conscious Capitalism Philosophy Pay Off: A Qualitative and Financial
Analysis of Conscious Capitalism Corporations
Author(s): Soni Simpson, Bruce D. Fischer, Matthew Rohde
Citation: Soni Simpson, Bruce D. Fischer, Matthew Rohde, (2013) "The Conscious Capitalism Philosophy Pay Off: A Qualitative and Financial Analysis of Conscious Capitalism Corporations," Journal of Leadership, Accountability and Ethics, Vol. 10, Iss. 4, pp. 19 - 29
Article Type: Research paper
Publisher: North American Business Press
Abstract:
This study includes an analysis of Conscious Capitalism literature using four tenets: higher purpose, total
stakeholder orientation, leadership with a holistic world view, and values driven culture. Emerging
themes are that Conscious Capitalism: is a philosophy of generating customer value for long-term
emotional, social, and financial competitive advantage; emerges naturally from within the organization
and is not a bolt-on CSR program; represents unapologetic advocacy for free market entrepreneurship,
property rights, freedom to contract, and the rule of law. Secondly, the study includes a financial analysis
showing that Conscious Capitalism organizations outperform the market in traditional 5-year perform-
ance indicators.