Affect Corporate Social Responsibility Research Articles

Teachers in the Top Management Team and Corporate Social Responsibility

Firms are required to consider all stakeholders’ interests and achieve coordinated development of the company, society, and the environment. Teachers are often associated with high moral standards and dedication to others. Top managers in the top management team (TMT) are responsible as corporate executives for corporate governance and outcomes. How top managers’ teaching experience affects corporate social responsibility (CSR) therefore becomes a meaningful question. Based on A-share listed firms in China from 2010 to 2019, we empirically analyze the effects of teachers as top managers on firm CSR performance. According to our sample, 13.75% of A-share listed firms have top managers with teaching experience in the TMT. We find that the occurrence of teachers in the TMT has a positive impact on CSR, especially on sub-indicators like shareholder responsibility; employee responsibility; supplier, customer, and consumer responsibility; and environmental responsibility. Firms with more teachers in the TMT exhibit higher CSR performance. Further results indicate that this effect is significant only when top managers are also directors on the board. We use the propensity score matching method to alleviate the endogeneity problem and obtain robust results.

Female executive leadership and corporate social responsibility

AbstractWe examine how increased female participation in top executive leadership affects corporate social responsibility (CSR). Applying a long‐window, event study approach with matching, we first document that CSR ratings improve with increased female participation in the top executive team, consistent with expectations based on previous research. Then, we examine specific ways that female participation impacts CSR decision‐making. We predict and find that increased female participation brings more attention to remediating CSR concerns. We also predict and find that, in the uncertain economic times following the global financial crisis, increased female participation moderated addition of new CSR strengths.

Does corporate ownership enforce sustainable development? An empirical study on Korean companies.

This study examined Korean companies on whether ownership affects corporate social responsibility performance (CSP) to influence on the corporate financial performance (CFP). According to the results, ownership has causational relationship with financial performance of firms varies upon proxy of CFP. Ownership and CFP demonstrates reverse-U type with ROA but U-type with market to book ratio (MB ratio). Second, ownership and CSP does not prove to have any causality. Partly, ownership shows negative effects on corporate governance. Finally, CSP does not affect profit (ROA) but improve the market value. For the moment, CSP is not an active factor to find out that high proportion of the companies in the sample during the research period were credited low CSP. Most of the companies with high credits on CSP are efficient and stable profit earning companies which leave room to consider the slack-resource theory.

Enterprise Financial Characteristics and Corporate Social Responsibility Costs of Oil and Gas Businesses in Nigeria

Abstract This work evaluated the effect of entity characteristics on company social responsibility costs of oil and gas firms in Nigeria for 2010 - 2019. The independent variables of the study and measures of firm characteristics are total assets, total sales, financial leverage and firm age while the independent variable is corporate social responsibility. A sample of three firms was selected out of a population of eleven oil and gas businesses on the Nigeria Stock Exchange during the period. Supporting data were obtained from the selected firms and analyzed using multiple regression analysis. Findings from the analysis suggest that both total assets and total sales positively and significantly affect the corporate social responsibility costs of the firms. It was also found that financial leverage positively and insignificantly affects the corporate social responsibility costs of the firms. Finding further reveals that firm age negatively and insignificantly affects corporate social responsibility costs of the firms. In the light of the findings, it was recommended that the firm managers should invest in assets especially long-term assets that will yield future streams of returns for their firms. This is because investment in assets improves production and promotes the corporate social responsibility performance of the firms. It was also recommended that the firm managers should promote their products through various product promotion channels as total sales boast firm profitability and promote corporate social responsibility performance. It was further recommended that the firm managers should increase the proportion of debts in their firms’ capital structure. It was finally recommended that firm managers should use a modern approach while implementing their corporate social responsibility programs as opposed to the old style.

Corporate social responsibility and board gender diversity: a meta-analysis

PurposeThe importance of board composition, especially female directors’ presence on boards, is thought to influence corporate responsibility performance, has attracted significant scholarly interest. This study aims to examine how board gender diversity (BGD) affects corporate social responsibility (CSR) performance and the moderating factors that influence the relationship. There is a lack of research on the moderating indicators (variable measurement, geographic location, data sets and gender parity score) that impact the BGD and CSR relationship.Design/methodology/approachThis study uses content analysis and meta-analysis to combine the findings of 44 selected papers published from 2010 to 2019, comprehensively reviewing the academic literature on gender diversity in the board composition. Independent and dependent variables are classified based on the variable measurement; this study examines the moderator indicators, such as geographical location, research data sets and gender parity score to investigate the BGD and CSR relationship.FindingsThe findings indicated a significant positive relationship between BGD and CSR performance. The meta-method results showed that the measurements of BGD and CSR limited to impact on the relationship. But a significant moderating effect of the geographical location on the BGD-CSR relationship, the BGD-CSR relationship would be stronger in the firms located in North America than firms located in Asia and other areas. Empirical results also showed a significant moderating effect of gender parity score. There would be stronger BGD-CSR relations in the firms located in the countries with higher gender parity score than the firms located in the countries with low gender parity score. This means the female status is an essential indicator of moderating the BGD-CSR relationship.Research limitations/implicationsThe main shortcoming is a lack of sufficient articles on the BGD-CSR relationship. In a future study, researchers may use other databases, such as Google scholar or Ebscohost, to increase the number of relevant articles. These studies would offer new insight into the meta-analysis of the relationship between the BGD and CSR. Finally, the authors identify the potential trend in future research, future research on BGD will need for standardized metrics. The Geographic location is an important indicator that will influence the female director role in CSR. A systematic measure and data of gender research are more important for study in this field.Practical implicationsMeta-analysis is conducted on the independent and dependent variables to examine the causality between BGD and CSR performance, which could better explore diversity among different countries’ boards and, more generally, to investigate the degree to which diversity may influence CSR. Firms may try to balance the BGD to improve future development prospects. Specifically, the results of this study have important implications for corporate governance and policymakers.Social implicationsFirst, this systematic study uses meta-analysis to combine the findings of previous research on the BGD-CSR. The current research attempts to incorporate mixed empirical results based on the different variable measurements. Second, this study develop and test a contingency model of female on boards and CSR that considers uses the geographic location factors that may enhance or diminish the influence of female on boards on CSR. Specifically, the authors examine whether and under what conditions, boards with more female directors differ for inter-country heterogeneity to which they engage in monitoring roles and are involved with strategy management.Originality/valueFirst, this study could be the first systematic study that uses the meta-analysis to combine previous research findings on the BGD-CSR. Second, the current research attempts to incorporate mixed empirical results based on the different variable measurements. Third, this study uses the “gender parity score” to account for inter-country heterogeneity in the BGD-CSR relationship. This study also identifies the potential trend in future research.

Determinants of Corporate Social Responsibility Disclosure: Empirical Evidence from Indonesia Stock Exchange

This study aims to examine the relationship between consumer proximity, environmental performance, profitability, and media exposure on corporate social responsibility disclosure. This study used data from companies listed in Indonesia Stock Exchange (IDX) 2017-2019. A purposive sampling method was used in this study with 60 samples on the Indonesia Stock Exchange. Hypothesis testing in this study using multiple linear regression with SPSS. The results show that consumer proximity has a positive effect on corporate social responsibility disclosure. Meanwhile, environmental performance, profitability, media exposure does not affect corporate social responsibility disclosure. The implication of this study is for the companies to increase social responsibility to the stakeholders and community due to the positive reciprocal relationship.

Does Communication Between External Auditors And Those Charged With Governance Positively Affect Corporate Social Responsibility? Evidence From Korea

We examine the effect of communication between external auditors and those charged with governance has on corporate social responsibility (CSR), focusing on amendment of the Act on External Audit of Stock Companies of Korea which emphasizes communication. We find that higher frequency of communication increases CSR, with faceto- face meetings having a stronger positive effect than text-based. This finding emphasizes the need for auditors to actively communicate face-to-face with those charged with governance, as this will increase the auditors’ accurate grasp of the firm and improve the quality of the audit services and financial reporting, leading to improved CSR.

Effect of Corporate Social Responsibility Disclosure on Financial Performance of Multinational Companies in Nigeria

The study examined empirically the sensitivity of financial performance to corporate social responsibility disclosure of listed multinational firms in Nigeria. The study adopted an ex-post facto research design. Audited annual reports of eighteen (18) quoted firms from 2009 to 2019 formed the relevant period where corporate social responsibility disclosure (CSRD) (donations and other related expense) was used for the explanatory variable of the study. While return on asset (ROA), return on equity (ROE) and profit for the year (PFTY) were used as the dependent variables. The study employed panel least square regression analysis via STATA 13 output to fathom the nature of association between these variables. The results show that ROE and profit for the year are influenced significantly by CSRD. It was discovered that the coefficient of the return on asset is significant and equally indicated a positive effect on CSRD. The study accepts the null hypothesis, which stated that return on asset does not positively and significantly affect corporate social responsibility disclosure of multinational firms in Nigeria. The study recommended that government/regulatory bodies should adjust the minimum percentage of profit liable for taxation / CSRD from their profit for the year. Keywords: Corporate Social Responsibility Disclosure, Financial Performance. DOI: 10.7176/EJBM/13-21-04 Publication date: November 30 th 2021

How Does Analyst Coverage Affect Corporate Social Responsibility? Evidence from China

ABSTRACT Using archival data of Chinese A-share listed companies from 2009 to 2018, this article examines the influence of analyst coverage on corporate social responsibility (hereinafter refer as CSR) performance. Main results suggest that sell-side analysts can significantly promote Chinese listed companies’ CSR activities. Several robustness tests are employed and proved the solidity of main conclusions. Mechanism tests show that the investor recognition channel plays a dominant role in explaining the positive effect of analyst coverage. Additional analysis further illustrates that stock exchanges’ regulatory practices concerning firms’ CSR activities can strengthen the investor recognition channel.

Examining the Impact of E-Government on Corporate Social Responsibility Performance: The Mediating Effect of Mandatory Corporate Social Responsibility Policy, Corruption, and Information and Communication Technologies Development During the COVID era.

During the Covid-19 era, this research will explore and analyze the link between e-government and corporate social responsibility. In addition, mandatory corporate social responsibility, institutional quality, information and communication technology, and corruption as mediators will also be explored in this study. This research seeks to answer the issue of how e-government affects corporate social responsibility and how other mediating variables might influence this connection. Furthermore, this study developed a total of 13 hypotheses based on these questions, 4 of which have mediating effects. The theoretical underpinning for the proposed study paradigm is provided by stakeholder theory, which has been established based on prior literature. The general philosophy is positivism, and the research has a deductive nature. The information was gathered from 305 managers across four industries: information technology, online services, online education, and logistics and supply chain. Data was collected using a random convenience sampling approach. The Partial Least Square Sequential Equation Modeling (PLS-SEM) research analysis approach was applied in this study for the analysis. The measurement step demonstrated that all constructs and indicators are valid and trustworthy enough to be utilized in the future. The results of the structural model evaluation revealed that e-government had a negative influence on corporate social responsibility, with three of the four mediating roles proving to be completely mediated. As a result, the government and relevant stakeholders should take these results into account when formulating e-government policies.

Corporate Social Responsibility and Financial Performance among Energy Sector Companies

Corporate social responsibility (CSR) is one of the main drivers of corporate reputation. Many studies show that CSR can positively affect financial performance (FP) and vice versa. However, the relationship between FP and CSR depends on the type of industry in which the company operates, and there is little research regarding the energy sector in this area. The basis of empirical research in this study is slack resource theory which argues that financial performance is the cause of corporate social performance. This paper aims to analyze if financial performance affects corporate social responsibility adoption in energy sector companies. In order to achieve this goal, the study specifically examines the relationship between selected financial performance indicators and CSR adoption. Analyzing an international sample of 219 companies from thirty-two countries for 2020, we observed the statistically significant relations between financial performance and the implementing of the CSR strategy of the energy industry companies. The Return on Assets measure (ROA) and the Earnings Before Interest and Taxes measure (EBIT) were significantly higher among companies implementing the CSR strategy. The Enterprise Value to earnings before interest, taxes, depreciation, and amortization ratio (EV EBITDA) was lower among companies that adopted CSR. We did not confirm that the Return on Equity measure (ROE), Beta coefficient, and EBITDA per Share correlated with CSR adoption. Our research had implications for firms’ investment policies in social initiatives and highlighted the relation between the financial performance and CSR initiatives of the energy sector companies.

CSR in China: Does Being Close to the Central or Local Government Matter?

The purpose of this research was to determine how geographic distance affects corporate social responsibility (CSR) activities within China. Our argument focuses on whether the impact of the distance between countries on CSR activities also applies to the impact of the distance within a country between Chinese enterprises and local governments and the central government on CSR. Most previous studies of the impact of geographic distance on CSR focused on the distance between countries, reporting opposing claims. Multinational enterprises (MNEs) need to overcome the liability of foreignness (LOF) in host countries: the greater the distance, the worse the disadvantage. MNEs will choose CSR to shorten the distance from the host country. Hence, CSR activities should have a positive relationship with the distance from the host country. Conversely, due to the various differences caused by distance, it is difficult for the national sovereignty of the home country and the host country to resonate, so the distance between CSR activities and the host country should be negatively related. In this study, 5147 companies listed on the Shanghai Stock Exchange and Shenzhen Stock Exchange from the China Stock Market and Accounting Research (CSMAR) database from 2009 to 2018 were selected as the research objects to analyze the impact of the geographical distance between companies and the Central Government and local governments on CSR activities within China. Our results show that the effect of the distance between countries on CSR also applies within countries, and our results support the argument that distance and CSR are negatively correlated. This research enriches the understanding of CSR practices of Chinese domestic companies and provides new inspiration for multinational companies that plan to enter China in overcoming LOF.

PENGARUH KINERJA KEUANGAN TERHADAP CORPORATE SOCIAL RESPONSIBILITY PADA PERUSAHAAN PERBANKAN YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2014-2018

ABSTRACTObjective: This study aims to determine the effect of financial performance on corporate social responsibility. The population in this study are banking companies listed on the Indonesia Stock Exchange (IDX) of 45 companies. Determination of the sample using purposive sampling. The samples used in this study were 21 companies with 105 observations. Methodology: The analytical model used to test hypotheses is multiple linear regression analysis and uses SPSS as a statistical test tool.Finding: H1, H2, and H3 Â accepted at the 5% confidence level.Conclusion: The results of this study indicate that company size (X1) has a negative and significant effect on corporate social responsibility. The bigger the size the company then the existence of assets owned by the company is unemployed, forcing the company to spend more costs, thereby reducing the allocation of costs used to disclose broader social information. Profitability (X2) has a positive and significant effect on corporate social responsibility. the greater the level of profits owned by the company, the wider the company discloses social information. While leverage (X3) does not affect corporate social responsibility. The higher or lower level ofleverage owned by a company will not influence the company in disclosing its social information.Â

Does the adoption of AAOIFI affect corporate social responsibility disclosure? Evidence from Islamic banks

In this study, we have investigated the impact of the implementation of AAOIFI (Accounting and Auditing Organization of Islamic Financial Institutions) on the level of corporate social responsibility disclosures (CSRD) within the context of Islamic banks. We measured the level of CSRD in annual reports using a disclosure instrument based on AAOIFI governance standard and other indexes from the previous studies. We have used data of 36 Islamic banks that was located in the Gulf Cooperation Council (GCC) between 2012 and 2016. We found out that AAOIFI adoption had a positive effect on CSRD. Furthermore, this paper - is the first one that has investigated to what extent adoption of financial accounting standards as AAOIFI can enhance the level of CSRD in Islamic banks. We contributed for the debate and literature about the economic consequences of adoption financial accounting standards specifically for Islamic

MANAJEMEN LABA, PROFITABILITAS, UKURAN BANK, DEWAN KOMISARIS DAN CORPORATE SOCIAL RESPONSIBILITY BANK SYARIAH

This study aims to examine the effect of Earnings Management, Profitability, Bank Size, and Board of Commissioners Size on Corporate Social Responsibility (CSR). The sample of this study consisted of 8 Sharia Commercial Banks registered in the Indonesian Sharia Banking Statistics. Testing the hypothesis in this study using multiple linear regression analysis by following the autoregressive process of order 1 or AR (1) which is estimated simultaneously using the Eviews application. The results of this study indicate that earnings management has a positive effect on Corporate Social Responsibility (CSR), while profitability, bank size, and board size do not affect Corporate Social Responsibility (CSR).

The Relationship between Corporate Social Responsibility Disclosure and Intellectual Capital Considering the Role of Block Holder Ownership Moderation

The present study deals with the relationship between a corporate social responsibility disclosure and intellectual capital considering the role of block holder ownership moderation incorporates listed on Tehran Stock Exchange, and one of the points of the present study for which we are seeking an explanation is the social responsibility and intellectual capital status of corporates with block holder ownership. In terms of aim, this study is applied research and is correlational-descriptive in terms of methodology. The study population consists of all corporates accepted in Tehran Stock Exchange after sampling, 147; the period is 6 years (2011-2016). To measure corporate social responsibility, the method of Content Analysis has been used based on the information checklist and its coding, and measuring the intellectual capital has been done using Pulic Model (2000). Furthermore, to test the hypotheses of the present study, Multiple Regular Regression and OLS (Ordinary Least Squares) have been used with the help of the software Eviews. The study results show a significant relationship between corporate social responsibility disclosure and intellectual capital; also, block holder ownership significantly affects corporate social responsibility disclosure and intellectual capital.

Geographical Diversity Among Directors and Corporate Social Responsibility

AbstractPrevious research documents the importance of board of directors’ characteristics in affecting corporate social responsibility (CSR) performance. We extend this literature by focusing on one attribute of the members of the board of directors, their place of residence and its impact on CSR performance (CSRP), which has not been previously investigated. This dimension is important since there is an increasing trend in nominating directors who live far from corporate headquarters. We rely on stakeholder theory and image motivation to explain this relationship. Using a sample of Canadian firms from 2009 to 2017, we find that geographical diversity among the board of directors has a positive impact on some dimensions of CSR. In addition, our results show that the improvement in CSRP is not value destructive. Our results extend the literature on demographic characteristics of directors and its impact on directors’ decision‐making about CSR.

Do CEO overconfidence and narcissism affect corporate social responsibility in the UK listed companies? The moderating role of corporate governance

Purpose This paper aims to examine the effect of two CEO characteristics, namely, narcissism and overconfidence on corporate social responsibility (CSR) and the moderating effect of corporate governance (CG) mechanisms in the UK. Design/methodology/approach Using a sample of 2,360 UK firms listed on the FTSE 400 index for the years 2010–2017, the feasible generalized least squares method was applied to test the hypotheses developed. Findings The finding argues that CEO narcissism and overconfidence positively affect CSR. In addition, this paper found that CG effectiveness moderates the CEO’s CSR behavior. Research limitations/implications This research is subjected to two limitations. First, this study used different measures to proxy for CEO narcissism and overconfidence. However, other measures are not included owing to the difficulty to collect data regarding these measures. Second, this study includes only CSR performance instead of all other dimensions and categories of CSR. These limitations do not change the conclusions of this research, and they may provide guidance for further investigations. Practical implications Given that the CEOs psychological and behavioral features are critical in understanding CSR, shareholders and boards of directors should incorporate the behavioral aspects of narcissistic and overconfident CEOs in the design of CSR strategy. Originality/value This study emphasizes the importance of top executives’ psychological characteristics for CSR, which is a key application and complements the “upper echelons theory” and fills the research gap in the literature. This is one of the few studies that investigate the interaction between CG, CEO profile and CSR.

Ownership and corporate social responsibility: "The power of the female touch"

Using a sample of 26,029 firm-year observations over the period 2002–2017 from 4,479 firms and 44 countries, we examine the relationship between ownership concentration and corporate social responsibility by focusing on the mediating role of board gender diversity and the moderating role of family shareholding. We find that ownership concentration negatively affects corporate social responsibility, and the board gender diversity partially mediates this negative effect. Our results indicate that the mediating effect of board gender diversity leads to a 10.65 percent decrease in the impact of ownership concentration on corporate social responsibility. Furthermore, moderated path analysis indicates that family shareholding weakens the direct effect of ownership concentration on board gender diversity and its indirect effect on corporate social responsibility. In post hoc analysis, we also document that the effect of gender diversity on the board is more prevalent in high gender-egalitarian societies where women are more involved in decision-making. Our study addresses the strategic role of female board members in increasing firms’ respect for corporate social responsibility, especially in family-controlled firms. Thus, our results may provide insights to regulators and policymakers to enhance firms’ corporate social practices by encouraging women’s participation on corporate boards.

Analysis of the Implementation of Corporate Social Responsibility of PT. Pertamina Fuel Terminal Donggala

PT. Pertamina (Persero) Fuel Terminal Donggala as a communicator provides understanding and understanding to the community in the company environment showing its existence or presence as part of the community in the Donggala area to grow and develop in line with the development of PT. Pertamina (Persero) Fuel Terminal Donggala. PT. Pertamina (Persero) Fuel Terminal Donggala has a goal to affect corporate social responsibility (CSR) recipients positively. The research objective was to identify and analyze the implementation of Corporate Social Responsibility (CSR) of PT. Pertamina Fuel Terminal Donggala. The results showed that the Corporate Social Responsibility (CSR) program at PT. Pertamina Fuel Terminal Donggala runs optimally by the PT. Pertamina focuses on four pillars, namely green Pertamina, intelligent Pertamina, independent Pertamina, and healthy Pertamina.