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Second, although there is positive effect on medium-term FP, this influence is not permanent. Third, aspirational CSR talk has a moderating role on the positive relationship between CSR hybridity and FP. These results point to the unique features of hybridity that require time to diffuse the impacts.<\/jats:p><\/jats:sec><jats:sec><jats:title content-type=\"abstract-subheading\">Originality\/value<\/jats:title><jats:p>First, by adopting new concept of CSR hybridity, this study contributes to the literature by considering better solutions to integrate strategic CSR. Second, by investigating the complexity of the CSR hybridity\u2013FP dialogue, the results provide insights into the questions of why and when organizations could be incentivized to adopt hybrid CSR approaches. Third, this study contributes to the CSR\u2013FP and stakeholder literature by demonstrating that aspirational talk is key in CSR\u2019s medium-term success. The implication of this is a growing pressure on companies\u2019 CSR communications with investors through managerial talk that depicts organizational ambitions for CSR engagement.<\/jats:p><\/jats:sec>","DOI":"10.1108\/imds-12-2023-0961","type":"journal-article","created":{"date-parts":[[2024,8,6]],"date-time":"2024-08-06T00:30:26Z","timestamp":1722904226000},"page":"2758-2790","source":"Crossref","is-referenced-by-count":1,"title":["The effect of corporate social responsibility hybridity on firm performance: moderating role of\u00a0aspirational talk"],"prefix":"10.1108","volume":"124","author":[{"ORCID":"https:\/\/orcid.org\/0000-0002-0556-4839","authenticated-orcid":false,"given":"Ruizhi","family":"Yuan","sequence":"first","affiliation":[]},{"given":"Martin J.","family":"Liu","sequence":"additional","affiliation":[]},{"ORCID":"https:\/\/orcid.org\/0000-0001-8467-4384","authenticated-orcid":false,"given":"Lixian","family":"Qian","sequence":"additional","affiliation":[]},{"ORCID":"https:\/\/orcid.org\/0000-0003-2954-3909","authenticated-orcid":false,"given":"Yuhuilin","family":"Chen","sequence":"additional","affiliation":[]}],"member":"140","published-online":{"date-parts":[[2024,8,6]]},"reference":[{"issue":"2","key":"key2024082711115951500_ref001","doi-asserted-by":"publisher","first-page":"1671","DOI":"10.1111\/acfi.12923","article-title":"Meta-analysis of the impact of financial constraints on firm performance","volume":"63","year":"2023","journal-title":"Accounting and Finance"},{"issue":"1","key":"key2024082711115951500_ref002","doi-asserted-by":"publisher","first-page":"1","DOI":"10.1093\/qje\/qjac038","article-title":"When should you adjust standard errors for clustering?","volume":"138","year":"2023","journal-title":"The Quarterly Journal of Economics"},{"issue":"4","key":"key2024082711115951500_ref003","doi-asserted-by":"publisher","first-page":"57","DOI":"10.5539\/ass.v8n4p57","article-title":"Poverty alleviation through corporate social responsibility in Niger Delta, Nigeria","volume":"8","year":"2012","journal-title":"Asian Social Science"},{"issue":"4","key":"key2024082711115951500_ref004","doi-asserted-by":"publisher","first-page":"1033","DOI":"10.1007\/s10551-022-05159-1","article-title":"Value, values, and valuation: the marketization of charitable foundation impact investing","volume":"179","year":"2022","journal-title":"Journal of Business Ethics"},{"issue":"2","key":"key2024082711115951500_ref005","doi-asserted-by":"publisher","first-page":"399","DOI":"10.1111\/1467-8551.12402","article-title":"The importance of corporate social responsibility strategic fit and times of economic hardship","volume":"32","year":"2021","journal-title":"British Journal of Management"},{"issue":"2","key":"key2024082711115951500_ref006","doi-asserted-by":"publisher","first-page":"419","DOI":"10.1108\/intr-04-2017-0172","article-title":"Communicating effectively about CSR on Twitter: the power of engaging strategies and storytelling elements","volume":"28","year":"2018","journal-title":"Internet Research"},{"issue":"1","key":"key2024082711115951500_ref007","doi-asserted-by":"publisher","first-page":"88","DOI":"10.1108\/jabs-10-2019-0305","article-title":"The long-run performance of SME IPOs in India: empirical evidence from Indian stock market","volume":"15","year":"2020","journal-title":"Journal of Asia Business Studies"},{"issue":"5","key":"key2024082711115951500_ref008","doi-asserted-by":"publisher","first-page":"1463","DOI":"10.1111\/joes.12335","article-title":"Firm size and stock returns: a quantitative survey","volume":"33","year":"2019","journal-title":"Journal of Economic Surveys"},{"key":"key2024082711115951500_ref009","doi-asserted-by":"publisher","DOI":"10.1016\/j.jcorpfin.2020.101876","article-title":"Does CSR matter in times of crisis? 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