Area Of Corporate Social Responsibility Research Articles

Environmentally friendly activities in sports and leisure services as an expression of the corporate social responsibility

Today’s economic reality requires entrepreneurs to introduce many changes, especially those of an organisational nature. The period following COVID-19 pandemic will require organizations to create new values, and a broader view of responsibility, to build mutual trust, and to adapt to the new reality. This paper introduces the principles of Corporate Social Responsibility (CSR), with a focus on ecology as one of the areas of CSR.
 It can be seen that the pandemic has accelerated environmental targets in many companies. This is due not only to the regulations aligned with the governmental environmental policy, but to an increasing extent also with changing social expectations. The aim of the article was to demonstrate the applicability of ecological, environment-friendly solutions as an example of CSR in the management of sports and leisure enterprises. CPOR studies show that most young people take responsibility for the state of their environment. The training of the test subjects also plays an important role here (CBOS, Environmental Awareness of Poland, 2020) It is assumed that the introduction of eco-friendly solutions in the operation of sports and leisure businesses is noticed and appreciated only by young participants in physical activity. The survey focuses on specific environmental solutions to create a socially responsible corporate image and how these companies operate in a changing environment.
 The results of the studies carried out for this paper are intended to help answer the question of the importance of emphasising environmental aspects and adapting to change by integrating eco-innovation into the CSR strategies of sports and leisure companies, whether these solutions are perceived by the purchasers of sports and leisure services, as they affect their image. and whether they lead to better relations with market participants.

Impression of corporate social responsibility (CSR) activities among the human resource professionals at Chennai Region

There is expanding need to build the ability of the in-house ability connected with the working of CSR. The CSR exercises incorporate charitable works and different drives which normally by coordinating the social qualities into functional and business procedures. Lately, we have perceived how ineffectively oversaw advertising have made association challenging to maintain their business. Associations are to endless conclusions because of such inaction. This presents the defense to study or move toward CSR according to an alternate point of view. The result of the exploration has tossed light on specific key regions towards the various partners like the administration, the HR experts, and to the general public overall. The examination finds have fostered a desire to move quickly that the administration needs to follow up on promptly by making an interest in the practical improvement of the local area and the business. The associations can put HR experts who have the ache to investigate the areas of CSR so the organization can bank upon the characteristics of these HR experts to construct a solid association culture inside and which will help the different partners at large.

ОСОБЛИВОСТІ ПРОЦЕСУ ФОРМУВАННЯ НЕФІНАНСОВОЇ ЗВІТНОСТІ В УКРАЇНІ

Under the condition of sustainable development, corporate social responsibility (CSR) becomes more important, and can be the key to improving the company's image and competitiveness on the market. Areas and forms of CSR implementation are numerous, one of which is the company's reporting on socially responsible practices. The importance of non-financial reporting is also emphasized by the Concept of state policy in the field of promoting corporate social responsibility in Ukraine until 2030 that highlights the necessity to publish non-financial reporting, which substantiates the topic of this scientific article. The purpose of the article is to determine the features of the introduction and dissemination of the practice of compiling and forms of non-financial reporting in Ukraine as a direction of manifestation of social responsibility of business. Methods of the article include analytical, statistical, comparison, and extrapolation ones etc. Theoretical analysis allows determining the main standards by which non-financial reports can be generated. These include: Global Reporting Initiative (GRI), UN Global Compact Report, AA1000 Standard, SA 8000: 2001 Social Responsibility Standard, and ISO 26000 Standard. Among the most common are the GRI Standard and UN Global Compact Report. The practical results of the study reveal that in Ukraine the number of GRI reports has increased compared to 2008, but this development is uneven. A comparison of the number of non-financial reports in Ukraine and Europe according to the Corporate Register found out that the number of reports in European countries has different trends: a decrease in 2017-2018 in some countries (UK, Germany, and France) and a subsequent revival to gradual growth in all countries. Analysis of the Transparency Index, calculated by the Center for the Development of Corporate Social Responsibility that considers the websites of companies based on CSR information for the period 2012-2020 reflects a change of countries that are leaders in this indicator. A positive characteristic is that among the TOP-10 companies there are not only private enterprises, but also state-owned ones. Overall indicators of CSR practices tend to increase and reflect the growing importance of this area of corporate social responsibility.

SOCIAL RESPONSIBILITY OF UKRAINIAN BUSINESS: CURRENT STATE AND DEVELOPMENT PROSPECTS

Objective. The objective of the study is to summarize the experience of corporate social responsibility in the domestic economy and develop recommendations for further use of social responsibility by domestic companies in the postwar period. Methods. In order to achieve the objectives and goals, the following research methods were used: systematic and comprehensive analysis (to identify trends in social responsibility of domestic business), comparison and grouping, graphical and tabular methods (for visual representation of statistical material), abstract-logical method to formulate proposals and conclusions). Results. The current state of social responsibility of business in the domestic economy is considered. It is established that in recent years Ukrainian business has become aware of the need to meet the goals of sustainable development and implementation of measures for social responsibility. Analysis of the dynamics of companies participating in the UN Global Compact network by the years of their accession showed their growth in 2019-2021. It was found that a small number of Ukrainian companies implemented corporate social responsibility policies and only some of them had a clear strategy. A study of the dynamics of annual budgets of domestic companies for corporate social responsibility measures in 2019-2020 showed their instability. Most of the measures on corporate social responsibility in 2020-2021 were focused on programs to combat the COVID-19 pandemic, educational programs, projects to reduce gender inequality, and environmental programs were implemented. The main areas of business assistance during the war are financial assistance, humanitarian support, payment of taxes in advance, participation in information resistance, assistance to employees, IT support. The results of the polls show the importance of assistance to Ukrainians from domestic companies during the war, especially the Armed Forces of Ukraine and defenders. It is established that the key areas of corporate social responsibility in the near future will be: compliance with EU requirements, humanitarian assistance to victims and residents of cities, measures for children's education and adult education, medical assistance, environmental protection and security measures.

Accounting Geared towards Corporate Social Responsibility: Analysis of the Polish Insurance Sector

The aim of the study was to present the way in which non-financial information associated with Corporate Social Responsibility (CSR) is reported in the Polish insurance sector. Moreover was intended to check the engagement of Polish insurance companies in non-financial reporting and to determine in which areas they are socially responsible. Non-financial reporting is facing many problems which derive from the lack of uniform standards and regulations. The research was carried out by compiling the existing data on the official websites of insurance companies and elaborating a case study of Ergo Hestia. A role model of transparent CSR reporting is the social report of the Ergo Hestia Group from 2020, which was prepared in accordance with GRI (Global Reporting Initiative) standards, the UN “2030 Agenda for Sustainable Development” goals and the principles of “Good Practice”. The study shows that the insurance market is insufficiently involved in sustainable development issues and focuses primarily on building a good reputation. The social commitment of companies outweighs other areas of CSR, which makes the comparison process difficult to realise.

Pristupy k hodnoteniu výnimočnosti podniku

In recent years, the process of globalization and the pressure to achieve and maintain competitiveness on the domestic and international stage, has started the need to achieve success and excellence represented by the term Business Excellence. Emphasizing the responsibility of the company’s behavior towards society and the environment is comfirmed by the adoption of the concept of corporate social responsibility (CSR). The aim of the paper is to identify the starting points of the methodology serving for assessing the state of Business Excellence in relation to CSR. The aim is to be achieved on the basis of an analysis of existing approaches to assessing the state of Business Excellence in relation to the concept of CSR. The key finding is that the existing approaches have drawbacks. This generates the space to create a new methodology, the creation of which is necessary to avoid similar weaknesses. Equally important tasks are identifying internal and external factors affecting the condition of Business Excellence, including CSR areas for the needs of the assessment of Business Excellence. After completion of these tasks, the starting points of the methodology serving for assessing the state of Business Excellence in relation to CSR are to be presented in conclusion.

Corporate social responsibility disclosure and information asymmetry: does boardroom attributes matter?

PurposeThe current study aims to investigate the relation between corporate social responsibility (CSR) and information asymmetry, as well as the moderating effect of board characteristics (gender diversity, size and independence) on this relationship.Design/methodology/approachThis paper uses a panel data regression analysis with the system generalized method of moments (SGMM) estimator of nonfinancial French firms included in the SBF 120 index. The environmental and social disclosure scores are collected from the Bloomberg database, while financial data are collected from the FactSet database.FindingsThe empirical results demonstrate that environmental disclosure has a positive impact on the level of information asymmetry, while social disclosure has no effect on the information environment. Gender diversity and board independence negatively impact the opacity index, while board size has a positive effect. The presence of women in board composition has a substitution effect on the relationship between environmental disclosure and information asymmetry. There is no moderating effect of board size on the association between CSR disclosure and information asymmetry. However, the proportion of independent female directors and board independence operates as substitutes to social disclosure on reducing information asymmetry.Research limitations/implicationsAlthough the models include the most common control variables used in the literature, they omit some variables. Second, the results should be interpreted with caution and should not be generalized to the entire stock market since the sample is based on large French companies.Practical implicationsThe results of this study may be of interest to managers, investors and French market authorities since France is characterized by highly developed laws and reforms in the area of CSR. In addition, the paper leads to a better understanding of how women on the board, in particular, independent female directors, affect the relationship between CSR disclosure and information asymmetry. This could be of interest to French authorities, which has encouraged the appointment of women through the adoption of the Copé–Zimmermann law.Originality/valueFirst, to the best of the authors' knowledge, this is the first study to explore the moderating effect of board characteristics on the relationship between CSR and information asymmetry. Second, unlike previous studies using individual proxies to measure information asymmetry, the authors favor the opacity index of Anderson et al. (2009). They calculate this index by including a fifth individual measure, namely, share price volatility. The opacity index better describes the information environment of companies than individual measures since it reflects the perceptions of investors and analysts together.

Use of the e-Delphi Method to Validate the Corporate Reputation Management Maturity Model (CR3M)

Information and communication technologies (ICT) have allowed the modification of many research methods based on communication. One of them is the Delphi method, especially e-Delphi. The two main areas of application of the Delphi method are traditional forecasting, but recently also the conceptual framework development of a model or theory, especially in complex domains and those where empirical research is lacking. The aim of the study was to assess the substantive accuracy (validation) of the enterprise reputation management maturity model (CR3M) using the modified e-Delphi. The final model will be tested in selected companies in the future (in the next stage of the research). Maturity models have long been regarded as tools for assessing skills in some field. The CR3M model originally included 96 practices (in four areas: communication management, corporate social responsibility, reputational risk and quality), the implementation of which was considered to be a maturity indicator. The basis for the development of the model was the literature on the subject and the existing partial maturity models. Ten experts (five theorists and five practitioners) participated in the study and assessed the appropriateness of including practices in the model and their validity, using a 5-point Likert scale. The questionnaire consisted of three questions. In two rounds of the Delphi study, an expert consensus was reached (in accordance with a priori established indicators) regarding the retention 70 out of 96 practices originally included in the model (26 deleted). The model retained 18 practices in the area of Communication Management, 14 practices in the area of Corporate Social Responsibility, 18 practices in the field of Reputation Risk Management and 20 practices in the field of Quality Management. Modification of the maturity model-reducing the number of practices included in the model increased its applicability. At the same time, 89% of experts found the presented maturity model a useful tool for self-assessment and improvement of reputation management. The modified e-Delphi procedure can be considered as an effective methodology for validating complex conceptual models.

Corporate Social Responsibility: An Anthropological Approach to Understanding CSR as Global Governance

Corporate social responsibility (CSR) has become a crucial element of development projects, and this has led anthropologists to speculate on the unintended consequences of positioning big busi­ness as givers of aid. Supported by international law and governments that deregulate businesses who practice CSR, corporations move freely across borders into countries whose communities become dependent on corporate aid dollars. Corporations assert their financial might by funneling their aid dollars through partnerships with non-governmental organizations (NGOs) in the coun­tries where they operate. An examination of the structure of partnerships formed between and among corporations, governments, and NGOs shows that they are imbalanced in their power struc­ture and this imbalance extends to the target populations of CSR programs. This paper examines the ramifications of these power imbalances through an assessment of Coca-Cola's activity in India and Israel alongside a review of the work of anthropologists in the area of CSR. Through this examination, I argue that CSR programs are instilling corporations with political influence that enables them to vie for global governing power, demonstrating that this dynamic has dire conse­quences for both the communities with whom corporations are interacting and the environment.

Формування корпоративної соціальної відповідальності банківського сектору в період пандемії

Abstract. Introduction. In the context of the pandemic and as a result of the financial crisis, an increasing number of people began to urgently demand support from both the state and companies engaged in socially responsible activities. Enterprises, realizing their responsibility to the population, began to create new areas of activity related to corporate social responsibility in order to smooth out the negative impact of the pandemic on people's lives. Unfortunately, the increase in the level of corporate social responsibility in the context of the pandemic was uneven. Purpose. The main purpose of the study is to examines the essence of Corporate Social Responsibility and its development in the banking sector of Ukraine during the pandemic. Results. The directions of corporate social responsibility of the banking sector of Ukraine is carried out is analyzed. The levels of responsibility in terms of banks attitude to the implementation of Corporate Social Responsibility directions are presented on the basis of Carroll's model. Integration of Corporate Social Responsibility initiatives into the activities of banking institutions is defined. The role of the National Bank of Ukraine and other financial market regulators in overcoming the consequences of the financial crisis is defined. Conclusions. In these realities, the manifestation of corporate social responsibility on the part of banking institutions, firstly, showed the readiness or unwillingness of banks to adapt to important conditions, and secondly, the effectiveness and relevance of their Corporate Social Responsibility areas. The Corporate Social Responsibility Institute plays an important role in the corporate culture of banking institutions in the current situation, as it is this system that has shown the role of companies responsibility, both to stakeholders and to the entire community as a whole.

Corporate social responsibility activities conducted by football clubs playing in the Polish top division – PKO Ekstraklasa

Abstract The main goal of this paper is to analyze how football clubs playing in the Polish top division approach the issue of corporate social responsibility (CSR). Professionalization processes in football clubs all over the world have led to the situation in which they are treated as companies and must follow the same rules. The goals of companies from all industries are no longer only about generating financial profits; they also want to meet the expectations of their shareholders, which can be done through CSR activities. Strong social bonds between football clubs and local societies indicate the CSR approach has massive potential for football clubs. The aim of this paper is to describe how PKO Ekstraklasa are approaching the concept of CSR and to answer the following questions: “To what extent were clubs playing in PKO Ekstraklasa during the 2020/2021 season active in the area of CSR? To what groups did they direct their activities?” The analysis was conducted based on data published by clubs on their websites. The results of the analysis show that PKO Ekstraklasa clubs are active in the field of CSR. However, they need to improve significantly in terms of the regularity of their activities and reporting in order to become truly socially responsible.

IMPORTANCE OF SOCIAL RESPONSIBILITY IN BUSINESS SECTOR OF BOSNIA AND HERZEGOVINA

Because of the benefits for all stakeholders, corporate social responsibility (CSR) is a concept that is now becoming increasingly popular and is also an integral part of doing business in the modern world. Through applying CSR, the business sector contributes to sustainable development and companies use it as their competitive advantage because it represents not only a desirable but also a necessary form of behavior in all business activities. The aim of this paper was to investigate the level of CSR policies implementation in small, medium, and large companies that are operating in Bosnia and Herzegovina. The research instrument is adapted in order to analyze the application of particular CSR policies: workplace policies, environmental policies, marketplace policies, and community policies. The study also analyzed the possession standards related to the CSR implementation practice. For the purposes of the survey, data were collected from 90 companies operating in Bosnia and Herzegovina. The collection of primary data was conducted using the online survey technique. Based on the conducted research, it has been obtained that companies in Bosnia and Herzegovina, regardless of the size of the companies, apply certain forms of CSR policies in their operations. The analysis also found that companies in Bosnia and Herzegovina attach different importance to certain CSR policies. The results related to the selection of CSR areas, the directing of financial resources in CSR, as well as the method of decision-making, and the degree of application of norms and standards, indicate that companies in Bosnia and Herzegovina do not have a strategic approach to CSR. Economic responsibility is the primary responsibility of companies in Bosnia and Herzegovina, but following current global trends, it is necessary to work to improve other dimensions and areas of CSR. The lack of significant differences in practices of CSR companies in Bosnia and Herzegovina, with regard to their size and giving the most importance to economic aspects of CSR, indicates an insufficient understanding of the modern approach to CSR from the side of the management of the companies. Government as well as the non-profit sector should support companies in implementing CSR policies to become more environmentally and socially responsible. Nevertheless, although there is no strategic approach, it can be concluded that companies in Bosnia and Herzegovina implement certain CSR policies. Based on the research results, the paper provides an overview of CSR policies in Bosnia and Herzegovina and offers some implications guidelines for managers, as well as guidelines for future CSR research.

CORPORATE SOCIAL RESPONSIBILITY OF LOGISTICS BUSINESS

Background. The activities of logistics companies require introduction of mana­gement tools of corporate social responsibility (CSR) at the strategic and operational level today. Accordingly, the issues of specific features, manifestation forms and promising areas of development of socially oriented logistics business are relevant. Analysis of recent research and publications has shown that there is a wide range of publications about CSR nature, principles, forms and its implications for enterprises. However, the features of socially oriented development programs by logistics companies are not studied. The aim of the article is to investigate the peculiarities of manifestation of corporate social responsibility, the forms and directions of its implementation in the activities of lo­gistics service providers in the context of modern global challenges. Materials and methods. Methods of comparative analysis, synthesis, systema­tization, generalization were used in this paper. Results. Thanks to socially oriented approaches to doing business, logistics com­panies are often able to achieve significant resource savings, solve staffing issues, support innovative development, establish and maintain transparent and mutually beneficial rela­tionships with all stakeholders in supply chains. The main areas of CSR for logistics companies are environmental, which is manifested in the plane of transport and ware­housing operations; economic area ensures the efficiency and reliability of logistics chains, development of economic systems; social area is in the context of labor relations and ensuring consumer rights. Operators of the Ukrainian logistics services market are actively implementing CSR practices and confirm this fact with certificates of compliance with international standards. During the COVID-19 pandemic, logistics companies significantly expanded socially oriented business practice. Conclusion. In the context of the global pandemic crisis, new threats and challenges are emerging for logistics operators, related to their increased accountability to society and growing risks to the uninterrupted functioning of supply chains. Keywords: corporate social responsibility, logistic companies, sustainable deve­lop­ment programs, socially oriented activities, virtuous partnership, standards of sustain­nable business development.

Corporate Social Responsibility of Water and Sanitation Company in the Czech Republic—Case Study

The issue discussed in this article concerns corporate social responsibility (CSR), which is playing an increasingly important role in the context of sustainable development of enterprises. The purpose of the current work was to assess the practices applied in the area of corporate social responsibility in water and sanitation companies, based on the opinions of employees and managers. The motivation for undertaking research on this topic resulted from the scarcity of scientific studies on the measurement of the corporate social responsibility concept in water and sanitization companies using a multidimensional approach based on the ISO 26000 standard. The study used methodological triangulation based on the use of qualitative and quantitative research methods to verify information from different sources. This approach allowed the authors to obtain the data more effectively and analyze the problem from numerous different perspectives. The study used an interview method that targeted water and sanitization utility staff. In-depth research was based on the case study method, which is particularly important when researching complex phenomena. For this purpose, surveys were carried out, the results of which indicate that corporate social responsibility of the surveyed enterprise is at a high level, and that there are statistically significant differences between individual dimensions of CSR. The results indicate that the surveyed company is oriented towards supporting activities in the area of corporate social responsibility, in accordance with the in the concept of sustainable development.

The strategic value of corporate social responsibility CSR: the present and future of its management

Corporate social responsibility (CSR) has become the central theme of many debates on the role of organizations in society in recent years. The voluntary incorporation of strategies that influence economic profitability and in turn social and environmental issues is already a reality in companies. This article has several aims: (1) to analyse whether CSR is strategic and cross-cutting for companies and whether there exists a true dialogue between companies and stakeholders; (2) to identify the functions, relationships and quality of CSR or sustainability directors; (3) to determine the main challenges for the future; (4) to reflect on the impact that Covid-19 has had on the development of CSR in businesses. The study was based on the Delphi method and employed a sample of 20 experts: 10 academics (lecturers and researchers) and 10 professionals (communication and CSR directors, and CSR and reputation consultants). The results reveal that: (1) with the exception of SMEs, CSR management in companies is strategic and cross-cutting; (2) there is no reciprocal dialogue between companies and stakeholders; (3) the functions carried out by CSR directors can be classified as analytical, strategic, tactical and communicative; (4) the most outstanding qualities of the CSR director are communication skills, deep knowledge of the company and a willingness to work as part of a team; (5) the main challenge for senior management for the future is to be more strategic; (6) Covid-19 has changed the focus in CSR areas of action and in the prioritization of stakeholders. In short, we conclude that CSR management is well rooted in companies and represents a true transformation for businesses as social entities.

Identification of Areas of Corporate Social Responsibility Based on the Example of Polish and German Seaports in the Baltic Sea Region

Identification of Areas of Corporate Social Responsibility Based on the Example of Polish and German Seaports in the Baltic Sea Region

Scale development and validation of total quality and socially responsible management (TQSR-M) framework: dual competitive strategy for management

PurposeThis study aims to develop a valid and reliable scale for measuring an integrated total quality and socially responsible management (TQSR-M) model, which affects business excellence.Design/methodology/approachData were collected through a questionnaire in two phases (first for scale development and second for scale validation purpose) from managers employed in Pakistan Stock Exchange (PSX) listed companies. The structural equation modeling technique (SEM) was used to develop and validate the measurement and structural model.FindingsThis study confirmed the empirical validation of the eight distinct dimensions (top management, strategic planning management, human resource management, supplier management, customer management, social/community management and environmental management) of TQSR-M. Moreover, the validation of the TQSR-M model is further confirmed by testing the relationship between TQSR-M and the hypothetically associated business performance variables through SEM.Research limitations/implicationsThe measurement scale helps companies assess the TQSR-M model related to business excellence. It assists managers in identifying the factors for implementing total quality management (TQM) and corporate social responsibility (CSR) practices in their organization for developing TQM and CSR plans, policies and strategies.Social implicationsThis study confirmed that combined TQM-CSR approaches are potential sources of achieving business excellence, sustainable competitive advantages and improving the quality of life of the workforce, local communities and the environment in particular and even of society in general.Originality/valueDespite such studies exploring the association between TQM and CSR, it remains unclear how the integration of both the concepts develops. Academics and managers lack a tool to measure TQM-CSR together. Therefore, this study integrates both distinct areas of TQM and CSR into a single comprehensive model by developing a measurement scale.

RESEARCH OF APPROACHES TO THE ASSESSMENT OF CORPORATE SOCIAL RESPONSIBILITY OF MEDIUM-SIZED BUSINESSES

With the increasing role assigned to the social mission of business in the formation of a positive image in front of the public, the problem of evaluating the activities in the field of corporate social responsibility (CSR) by organizations focused on successful development is becoming increasingly relevant. The article discusses the various approaches currently used in practice (including standards, sustainability indices, self-assessment models) that allow evaluating the activities of organizations in the field of CSR. Such a variety of evaluation methods is due to the fact that each of them has a number of limitations in its application, which should be considered. As a result of systematization of the approaches to CSR assessment considered in the framework of the study, their comparative analysis was carried out in key areas of CSR. A significant result of the presented scientific work is the determination of the most appropriate method for assessing the activities of mediumsized businesses in all areas of CSR (environmental, social, economic, stakeholders, neighborliness).

Is Femvertising the New Greenwashing? Examining Corporate Commitment to Gender Equality

This study examined the potential for a new area of corporate social responsibility (CSR) washing: gender equality. Companies are increasingly recognized for advertisements promoting gender equality, termed “femvertisements.” However, it is unclear whether companies that win femvertising awards actually support women with an institutionalized approach to gender equality. A quantitative content analysis was performed assessing company leadership team listings, annual reports, CSR reports, and CSR websites of 61 US-based companies (31 award winners and 30 non-winning competitors) to compare the prevalence of internal and external gender-equality CSR activities of companies that have (versus have not) won femvertising awards. When controlling for number of employees and annual revenue, award-winning companies committed to more internal efforts that support women than non-award-winning companies. However, no significant differences were found in the number of external efforts or representation in female leadership between companies with and without award-winning femvertisements. Overall, a majority of award-winning companies (81%) engaged in less than ten of the possible 23 gender-equality CSR activities, suggesting these companies’ female empowerment commercials were often not in line with their broader CSR activities. While more research is needed in this area, we propose the term “fempower-washing” to describe CSR-washing in the context of gender equality.

The Impact of CSR on Corporate Value of Restaurant Businesses Using Triple Bottom Line Theory

The main goal of this study was to investigate the association between corporate social responsibility (CSR) and the value of restaurant firms by employing triple bottom line theory, a framework for a business model of sustainable development focusing on profit, environment, and people rather than just maximizing profit. Even though triple bottom line has been a common theoretical foundation in the CSR area, there is sparse literature on the theory in the context of CSR in the restaurant domain. Data regarding CSR dimensions and market-to-book value from 32 publicly traded restaurant firms in the US stock market for the period 1999–2012 were gathered, and panel data analysis methods of ordinary least square, one-way fixed effect, and time series feasible generalized least square were employed. The results revealed that economic CSR enhanced restaurant value, whereas environmental CSR diminished the value. The theoretical contribution of this study is that it will broaden the scope of triple bottom line theory. The results of the study will help restaurant administrators determine CSR policy.