Components Of Corporate Social Responsibility Research Articles

Experience in implementing the ecological concept of CSR (On the example of ukrainian fashion brands)

Experience in implementing the ecological concept of CSR (On the example of ukrainian fashion brands)

What is (and is not) stakeholder dialogue in CSR? A review and research agenda

AbstractStakeholders increasingly expect to be engaged in corporate social responsibility (CSR) agendas through dialogue; the joint creation of meaning between firms and stakeholders, or among stakeholders. Dominant conceptions of stakeholder dialogue in CSR prioritize firm interests, and uncertainty as to what constitutes stakeholder dialogue, and how it should be practiced, permeates theory and practice. What is (and is not) stakeholder dialogue and how does it generate positive impacts for business and society? To unpack this question, we systematically reviewed 374 scholarly outputs across the CSR and stakeholder dialogue literatures over a 30‐year timeframe. Operating at the intersection of these two literatures, we identify ‘conceptualizations’ of stakeholder dialogue in CSR as either integral (an intrinsic component of CSR) or incidental (a communicative response to CSR), as well as the ‘contours’ (i.e., boundaries) and ‘contexts’ of stakeholder dialogue in CSR. In doing so, we posit that the key to generating effective stakeholder dialogue for business and society lies not only in greater cohesion between CSR and stakeholder dialogue literatures, but in practicing dialogue that is ongoing, stakeholder (rather than firm) focused and avoids idealization. Herein, we stimulate a research agenda for scholars interested in communication and CSR at a time when the social and environmental demands placed on firms continue to escalate.

Impact of dividend policy on corporate social responsibility: the role of board governance mechanism

Purpose This study aims to investigate the impact of dividend policy on a firm’s participation in corporate social responsibility (CSR)-related activities in the context of Pakistani firms. Furthermore, the role of the board governance mechanism in dividend policy-CSR is investigated. Design/methodology/approach The study’s sample consists of 115 nonfinancial Pakistan Stock Exchange-listed firms from 2010 to 2021. A multidimensional financial method is used to assess the firm’s CSR engagement, and dividend policy is assessed using the dividend payout ratio and dividend yield. The authors used the fixed effect model and the random effect model to fulfill the study’s objectives. Furthermore, the system-generalized method of moment estimation technique is used to test the robustness of the result. In addition, the authors perform reverse causality analysis and investigate the effect of financial constraints on the dividend policy–CSR relationship. Findings The authors find that dividend policy has a significant positive impact on CSR. The authors also find that dividend policy is significantly positively associated with components of CSR, i.e. donation, employee welfare and research and development. Furthermore, the authors find that the board governance mechanism strengthens this positive relationship between dividend policy and CSR. Practical implications The government and authorities must mandate or at least encourage enterprises to pay dividends as doing so not only keeps shareholders happy but also encourages firms to make CSR initiatives to balance stakeholders. Furthermore, the regulator should take steps to strengthen the board governance structure as it strengthens the positive dividend policy–CSR relationship. Originality/value Although little previous research has focused on the CSR-dividend policy link, the authors believe that this is the first study to look at the influence of dividend policy on CSR and the moderating impact of board governance mechanisms in an emerging country, namely, Pakistan.

CSR e propriedade da instituição financeira na gestão do custo de capital

Abstract This study aims to examine the influence of corporate social responsibility (CSR) performance and financial institution ownership on the cost of capital for companies in the tourism and hospitality industry at ASEAN-5. A balanced panel data of 594 firm-year observations from 2014-2019 in ASEAN-5. CSR performance data results from content analysis in the annual reports of ninety-nine companies. The WACC is the proxy for the cost of capital. The research framework applies the weighted least square of panel effect regression. The statistical results indicate that CSR performance raises the cost of capital while financial institution ownership diminishes. Also, environment and human rights disclosures are components of CSR disclosures that reduce the cost of capital. The results are limited to the tourism and hospitality industry of ASEAN-5. Future studies may consider using other than KLD to measure CSR. Besides, this study only focuses on financial institution ownership. Future studies can examine other types of ownership, such as managerial and government ownership. This research is the first to examine CSR and Financial Institution Ownership's role in the cost of capital in the tourism and hospitality industry within the 5 ASEAN countries.

Does corporate social responsibility affect stock liquidity? Evidence from China

This study investigates the impact of corporate social responsibility (CSR) on stock liquidity, utilizing a sample of Chinese listed enterprises from 2010 to 2021. The findings reveal that CSR endeavors facilitate an uplift in stock liquidity. Crucial intermediaries through which CSR exerts influence on stock liquidity are identified, including media coverage, corporate operations, and agency cost, with media coverage having a predominant impact. Notably, this liquidity-boosting effect of CSR is more pronounced during periods characterized by heightened economic policy uncertainty. Furthermore, heterogeneity analysis suggests that the CSR effect is more pronounced within non-state-owned enterprises. When examining CSR's components, shareholder and employee-focused CSR practices emerge as the most influential on stock liquidity.

The influence of corporate social responsibility on repurchase intention: The mediating effect of satisfaction

The study evaluates the impact of corporate social responsibility (CSR) on customer satisfaction and repurchase intention in the fast food service business in Vietnam. This study used quantitative research methods with a sample of 414 customers aged 18 and older who have used fast food service in Vietnam. Primary data were collected based on customers’ willingness to provide information through questionnaire links on social networking platforms such as Facebook and Zalo. Structural equation modeling and mediating effect analysis were used to test the correlation between components in the research model. Research results have identified three components of CSR, including community responsibility, environmental responsibility, and ethical responsibility in business, that directly and positively influence customer satisfaction. The results validate the mediating influence of satisfaction on the correlation between CSR components (community, environmental, and ethical responsibility) and repurchase intention, which very few previous studies have performed. These findings theoretically contribute to the literature, verifying three CSR components from the customer’s point of view in the fast food service business, including community, environmental, and ethical responsibility. Expanding the theory on factors affecting customer satisfaction and promoting cause-related marketing, prosocial behavior, and competitive advantage theory is necessary. As for managerial contributions, fast food business brands are suggested to invest and increase their CSR activities.

Assessing the provision of innovative technologies for the growth of corporate social responsibility in Lithuania

The object of this study is the assessment of the provision of innovative technologies for the growth of corporate social responsibility by types of economic activity in Lithuania. In the course of the research, the problem of determining the level of provision of corporate social responsibility with innovative technologies as a factor of its growth was solved; establishing a benchmark for the regularity of the growth of corporate social responsibility by types of economic activity in Lithuania. As a result of the study, an integral indicator of the provision of innovative technologies for the growth of corporate social responsibility by types of economic activity in Lithuania was obtained, which does not correspond to the reference model of the pattern of growth for each. The peculiarity of this study is the comprehensive approach, which takes into account the multi-component content of corporate social responsibility, its relationship with internal and external elements of the socio-economic system, namely its growth, based on the use of innovative technologies. A distinctive feature of the results, owing to which they made it possible to solve the set tasks, is multidimensionality, that is, the structure, dynamics, relationship of the research object were taken into account, quantitative and qualitative indicators were used, and a complex methodological toolkit of matrix business modeling. The results of the study make it possible to determine in practice the level of assurance of the growth of corporate social responsibility by innovative technologies. Taking into account deviations from the reference model of growth patterns, make decisions about the introduction of certain types of innovative technologies in certain components of corporate social responsibility.

Strengthening economic security through the zero waste concept in sustainable business

Global economic security initiatives are aimed at the survival of humanity by increasing the requirements for life cycle quality, the assessment of investment projects, and their environmental efficiency. An urgent task is forming a strategy for the post-war economic development of Ukraine, focused on sustainability, environmental friendliness, deregulation, and demonopolization of industries. It is substantiated that the circular economy is a system of long-term growth of the organization's value that aims to minimize waste and maximize resource efficiency by developing products and processes that can be reused, repaired, recycled, or regenerated. It is a critical component of corporate social responsibility (CSR). It can help businesses reduce their environmental impact, save costs, improve their reputation, and create new opportunities for innovation and collaboration. Applying the cyclical economy approach is possible on condition of awareness of its global role, determination of feasibility components in modern conditions, prediction, and management of associated risks. Even in difficult times, Ukraine demonstrates growth indicators, offers enterprises the availability of energy resources, developed energy infrastructure, and programs for the use of the latest energy-saving technologies, which allows many enterprises to maintain the role of the leader of the national economy, increase the pace of economic development, and be in demand and competitive in the global economic space. The economic catastrophe caused by military aggression reduced energy consumption and increased population migration, which led to a decrease in anthropogenic impact on the environment, which, on the one hand, contributes to the transition to a circular economy, but military actions, increasing other risks, are one of the most significant factors of pollution environment, show a prolonged and long-term adverse effect. With the annual increase in production and life waste and considering the consequences of military conflicts, the need to dispose of the consequences of pollution is an urgent problem of the present and future decades. The risks and priorities of the strategic management of the enterprise's economic security by ensuring sustainable economic development and reducing the ecological burden on the environment in the current state of Ukraine's economy are considered. Economic and socio-political factors are analyzed, and the basic principles that lead to a negative impact are singled out. Awareness of the impact on the economy and society of climate change and the consequence of environmental pollution proves the need to ensure the sustainable use of natural resources, motivates the introduction of "green" technologies, renewable energy sources, and the creation of sustainable partnerships and infrastructure. In today's conditions of instability, the enterprise is offered to develop a set of strategic measures to implement the principles of sustainability and environmental friendliness, which must be followed for production and economic activity to be effective. The economic security strategy should focus on building ESG's reputation for overcoming the risks caused by military aggression and equalizing economic advantages, finding growth opportunities, and investment-oriented access to global markets with the help of "green" partners. It has been proven that ignoring the principles of sustainable development leads to significant reputational risks for organizations and the loss of opportunities for effective communications focused on sustainable development. The studies created the basis for further improvement of the methodology for assessing enterprises' economic security risks. Keywords: safe economic activity, environmentally-oriented concept, "zero waste", risk, environmental, social and management reporting (ESG), enterprise, economic security system, ecological and economic security, sustainability, reputation, ESG indicators, economic growth.

Alignment of CSR Strategies with Business Objectives in IT Sector, Focusing on the Competitive Advantage

While numerous researchers have focused on examining the impact of Corporate Social Responsibility (CSR) on various aspects of business in different industries, there still remains a research gap in conducting comprehensive analyses of CSR strategies in Information Technology (IT) sector. Therefore, this study aims to address this gap by evaluating the effects of CSR on competitive advantage in the IT companies. In order to analyze data, AMOS structural equation modeling (AMOS-SEM) method was applied, and data were collected during February-April 2023 from 143 Iranian IT firms where CSR has not been appropriately dealt within theoretical as well as practical terms. The findings reveal that among the four components of CSR — legal, ethical, economic, and discretionary—, ethical, legal, economic, and discretionary dimensions have the most positive impact on competitive advantage, respectively. Taken together, these findings suggest a significant role for CSR in enhancing the level of competitive advantage in IT companies. In addition to the knowledge contribution, this study holds significant practical implications for IT company managers to strengthen their decision-making processes and develop effective CSR strategies.

The role of CSR in sustaining corporate brands in the global market: The perspective of telecommunication companies in Ghana

AbstractIn recent years, the concept of corporate social responsibility (CSR) has gained significant attention. Companies now utilize CSR to strengthen their relationships with stakeholders and gain a competitive advantage. While CSR is more widely embraced in developed countries, developing markets like Ghana often overlook its potential benefits. This study examines the direct impact of CSR elements on brand sustainability. Additionally, it explores the moderating role of absorptive capacity in the relationship between brand sustainability and CSR. Data was collected from three hundred and fifty (350) questionnaires distributed to employees of Ghana's three most widely used telecommunications networks. The measurement model and hypothesis testing were evaluated using structured equation modeling PLS. The research findings indicate that CSR initiatives have positive and significant effects on the sustainability of social, environmental, and brand systems. Specifically, the economic dimension exhibited a negative correlation with brand sustainability in the MTN network, while the social dimension showed a positive relationship with each telecommunications network separately. The study concludes that absorptive capacity positively influences brand sustainability across all networks. Furthermore, the findings suggest that absorptive capacity beneficially modifies the environmental component of CSR and brand sustainability. Based on the study, it is recommended that service managers make concerted efforts to enhance customers' perception of the company's social concerns through various CSR initiatives.

Does better CSR disclosure minimise the problem of asymmetric financial reporting? The role of market supervision

ABSTRACT Corporate social responsibility (CSR) is a crucial business practice that has attracted the attention of companies and market participants worldwide. This paper examines the impact of CSR on financial reporting comparability. Specifically, this study investigates two main topics: (1) whether CSR leads to a more comparable financial report and (2) whether market supervision (i.e. liquidity and investor concerns) components of CSR are the channels through which CSR affects financial report quality. The results reveal that good CSR practice effectively minimises the problem of asymmetric financial reporting, even when accounting for other factors that affect financial reporting quality. CSR has the potential to attract market supervision and encourage companies to maintain comparability in their financial reporting practice. This observation indicates that CSR participation is a tool to elicit market supervision and to improve the information reporting environment.

Corporate Social Responsibility, Corporate Governance, Firm Size and Financial Performance of Companies in Indonesia

Financial performance is critical to the company's survival. One of the goals of forming a corporation is to maximize its worth, as evidenced by the performance of its financial accounts. Investors can make decisions about a company's investing activities by measuring financial performance. As a result, investors will expect corporations to provide high-quality financial performance reports. This study sought to investigate the impact of corporate social responsibility, corporate governance, and firm size on financial performance. This study makes use of secondary data from manufacturing firms registered on IDX (Indonesia Stock Exchange) between 2017 and 2022. Purposive sampling was used to select the sample that met particular requirements. In this research, the data was examined using multiple linear regression tests. According to the findings of this research, CSR (corporate social responsibility), CG (corporate governance), and size of the firm are all having significant positive impacts on financial performance. Because of the importance of CSR (Corporate Social Responsibility) and GCG (Good Corporate Governance) in firms for the future, investors should pay attention to components of CSR (Corporate Social Responsibility) and GCG (Good Corporate Governance) in financial reports, which can be utilized as a consideration in investing

ASSESSMENT OF THE RELATIONSHIP BETWEEN CORPORATE SOCIAL RESPONSIBILITY ENVIRONMENTAL GOALS IMPLEMENTATION AND FINANCIAL AND OPERATIONAL INDICATORS OF AIRLINES

The main idea of the article is assessing the feasibility of introducing Corporate Social Responsibility (CSR) for airlines. Moreover, the authors think that the environmental aspect in CSR is the most important, which predetermined the focus on this CSR component in the article. The article provides several examples of airlines that actively use CSR to improve their image, attract new, and increase the loyalty of existing customers. Environment indicators of the flight operations group on the performance indicators were established.

Corporate social responsibility in China's airline industry: A longitudinal content analysis of related reports

As China has become the world's largest consumer market and leading exporter, researchers and practitioners urgently need to understand how corporate social responsibility (CSR) is socially constructed in the Chinese context, especially for international industries such as the airline sector. Building upon the triple bottom line model, this study offers a contextualized and dynamic understanding of Chinese airline CSR. Content analysis was performed to analyze 74 aggregate CSR reports (2007–2020) issued by different types of Chinese airlines. The findings reveal that in addition to the economic, social, and environmental responsibilities that are commonly seen in the West, Chinese airlines assume unique political responsibilities. This political dimension of CSR in China has become increasingly obvious in recent years. Driven by factors such as international pressure, industry competition, and more importantly, national policies, the focus of Chinese airline companies' CSR reporting has been changing over time. However, it has maintained a high level of content completeness over the years, and the social dimension of CSR has always been the aspect of greatest concern. This study contributes to the airline CSR literature by considering the particularity of airline companies and Chinese contextual factors and augmenting political CSR as a critical component of CSR in the Chinese context. Managerial implications are provided for international enterprises to cater more appropriately to the Chinese market and achieve cooperation with Chinese enterprises by implementing CSR strategies.

Social responsibility and modern business during the global crisis: Threat or opportunity for the GUAM member countries

The article aims to substantiate the relationship between the components of corporate social responsibility in business (CSR) during the economic integration of the GUAM member countries on the principles of sustainable development. We used the questioning to determine the structural elements of CSR of the GUAM member countries and econometrically analyzed the level of development of CSR for each country. The GUAM countries' hierarchical structure of CSR business was established using the Granger causality test and the graph method. This study proves that in times of crisis, along with economic responsibility, a fundamental role is played by national responsibility in ensuring justice, equality, and peace (for Georgia, Azerbaijan, and Moldova). And in the conditions of a full-scale war (in the example of Ukraine), national responsibility, responsibility in ensuring justice and equality, and peace are more significant than economic responsibility. The conclusions obtained are practical and may help develop strategies for effective economic cooperation between countries within the framework of GUAM.

Criminal Compliance Program as a Tool for Criminal Liability Exculpation of Legal Persons in the Czech Republic

Criminal liability of legal entities has gained an inalienable place in the system of legal liability in most European jurisdictions, including the Czech Republic. Departing from the premise that it is a suitable supplement to the liability of a legal entity in the event of serious unlawful acts of natural persons from which the legal entity benefits, this article aims to characterize the position and role of this form of liability in the Czech legal system. Essentially, however, it seeks to determine under which circumstances it is possible for legal entities to be relieved of liability using an exculpatory clause. Based on a case study of the Czech Republic, it illustrates the added value of criminal compliance programs, which, if properly set up and implemented in practice and complemented by prevention, detection and response measures, play a decisive role in establishing such criminal exculpation. The article further finds that rules pertaining to ethical codes of conduct are in fact ‘elevated’ to the level of legal rules through compliance programs. Compliance, one of the components of Corporate Social Responsibility, thus becomes an expression of a legal obligation, i.e., the obligation to properly manage and control the corporation, which has important legal implications.

An Empirical Study on the Relationship between Corporate Social Responsibility and Default Risk: Evidence in Korea

Focusing on the Korean stock market, this paper expands on previous research on the relationship between corporate social responsibility (CSR) and default risk. By using a comprehensive sample of 6977 firm-year observations during the 2011–2021 period, we employ the year fixed effects and industrial sector dummies classified by FnGuide Industry Classification Standard to control for shifting economic conditions over time and effects within industries. The Z-score is employed as the primary proxy for default risk, and the finding of the study confirms a negative association between CSR practices and default risk. Moreover, testing the three components of CSR, we also find that each component has a negative impact on the default risk. To ensure the robustness of our findings, we conduct a robustness check using two additional proxies of default risk: the K-score, a specific measure of default risk for the Korean market, and the distance to default (DTD), a market-based model. Our results remain consistent and robust even when utilizing alternative proxies, further confirming the negative relationship between CSR and default risk. This has significant implications for businesses and regulators who aim to decrease the risk of default through implementing CSR initiatives.

Tác động của CSR đến sự hài lòng của khách hàng: Nghiên cứu các khách sạn 4 & 5 sao tại TP.HCM

The objective of this study was to assess and validate the impact of the components of corporate social responsibility (CSR) on customer satisfaction at 4 & 5 star hotels in Ho Chi Minh City. The study employed both qualitative and quantitative research methods to complete a questionnaire survey and identify the relationship between the components of CSR and customer satisfaction. The major finding of the study revealed that philanthropic responsibility has a strong, positive, and significant impact on customer satisfaction. The study also suggested managerial implications for enhancing CSR and customer satisfaction at 4 & 5 star hotels in Ho Chi Minh City.

Does Corporate Social Responsibility Affect the Timeliness of Audited Financial Information? Evidence from “100 Best Corporate Citizens”

Companies are under immense pressure to integrate activities that will improve society and the environment with their business objectives. Such integration is likely to introduce complexity into the firms’ activities and impact the timeliness of the financial statements. Audit report lag is significant to investors as it directly impacts investor decision-making and investment fortunes. This study examines the association between corporate social responsibility (CSR) and audit report lag. We measure CSR activities using a composite variable representing a firm’s inclusion on or exclusion from the annual list of “100 Best Corporate Citizens.” In the robust regression analyses with a sample of 3661 firm-year observations from 2011 to 2016, we found a positive and significant association between CSR activities and audit report lag after controlling for extraneous variables potentially influencing audit report lag. Furthermore, the additional results with the six CSR components in the list confirm our finding that, except for governance, all the other components, such as environment, climate change, human rights, employee relations, and philanthropy, have a positive and significant association with audit report lag. Our findings suggest that CSR activities introduce audit complexities and risks that compel auditors to assess a high risk of material misstatements, translating into more audit effort and longer times to complete audits.

The Place of the Natural Environment in Activities for Social Responsibility in the Opinion of Students of Electrical Engineering

The concept of corporate social responsibility (CSR) permeates the curricula of various fields of study at many universities. The aim of the article is to present the assessment of the students at the Lublin University of Technology in the field of Electrical Engineering on the importance of individual dimensions of CSR, with particular emphasis on the environmental dimension. The method used in the study is a diagnostic survey conducted among students of full-time first- and second-cycle studies. The research was carried out using a questionnaire based on the four-dimensional model of CSR developed by Carroll and was extended to the environmental dimension. The tool consists of 60 statements divided into 12 groups. Each group contains five statements—one for each of the distinguished CSR components. The hierarchy of CSR dimensions in both surveyed groups is analogous (economic, legal, ethical, philanthropic, and environmental dimensions). The study groups differed, however, in their assessment of the importance of the legal and ethical dimensions. Bilateral comparisons of individual dimensions in the group of second-cycle students revealed fewer differences than in the group of first-cycle students, which proves that the links between different categories of the company’s stakeholders and obligations toward them are more clearly perceived by the group of second-cycle students. The conclusions from the research make it possible to recommend universities to include in their curricula content aimed at better preparing graduates to undertake CSR activities.