Concept Of Shared Value Research Articles

The Effectiveness Pertamina Pinky Movement Program: Implementation of The Concept of Creation Shared Value (CSV)

The Effectiveness Pertamina Pinky Movement Program: Implementation of The Concept of Creation Shared Value (CSV)

Can corporate ESG performance improve audit efficiency?: Empirical evidence based on audit latency perspective.

Environmental, Social and Governance (ESG) is closely related to the "dual carbon" objective and the concept of sustainable development. The impact of ESG performance on audit efficiency, especially on audit delays, is still an issue to be studied in depth. Drawing on stakeholder theory, sustainable development theory, shared value concept and corporate social responsibility theory, this study adopts regression analysis and structural equation modeling (SEM) to investigate the impact of ESG on audit efficiency based on the data of A-share listed companies in the period of 2015-2022, with a focus on audit delay. The results of regression analysis show that ESG performance has a significant effect on reducing audit delay, and audit delay is reduced by 0.007 on average for each unit increase in ESG performance. In structural equation modeling, the effect of ESG performance on audit delay is more significant, with an estimated value of -0.555 and a standard error of 0.097. In addition, the study shows that the corporate ESG performance on audit efficiency has a positive impact is more pronounced among firms with stronger ESG practices, especially among non-state-owned firms with lower institutional investor ownership and firms audited by "Big Four" firms. These results not only demonstrate the importance of ESG performance in improving audit efficiency, but also provide important guidance for corporate management and policy making. This study enriches the existing literature on corporate ESG performance and audit efficiency and provides new perspectives and directions for future research.

Review of Corporate Social Responsibility Dimensions

Corporate Social Responsibility (CSR) is an important self-regulating business model that helps businesses to be accountable to their stakeholders. This paper reviews the role of CSR and its dimensions for businesses The study aims to fill a gap in the existing literature by covering six CSR dimensions which are business governance, community welfare, health and education, workforce, product and services, and environment and energy. These broader six dimensions of CSR are further discussed in detail highlighting the aspects of CSR. CSR is used as a tool to compete in the competitive market and gain benefits of proving to be socially responsible. The paper also examines the relationship between CSR and competitive advantage, weighing the concept of shared value.

Aligning Social and Environmental Responsibility Policies Based on Creating Shared Value Concept: A Case Study at PT Petrokimia Gresik

This study investigates how companies can achieve a balance between economic profit and social/environmental responsibility through the Creating Shared Value (CSV) approach. PT Petrokimia Gresik serves as the subject of the research, analyzing its Social and Environmental Responsibility programs within the context of CSV. The research method employed an exploratory case study with a qualitative approach. Data were obtained through in-depth interviews, Focus Group Discussions (FGD), and a review of documents related to the implementation of Social and Environmental Responsibility programs in the company. Respondents, including internal company stakeholders, participated in interviews and FGDs. The findings revealed deficiencies in the formulation of Social and Environmental Responsibility programs, hindering alignment with the CSV concept. However, six existing programs have moved toward the CSV concept by providing economic and social/environmental benefits, aligning with the company's short- and long-term strategies. These findings underscore the importance of adjusting company policies to be more integrated with CSV principles to achieve more optimal success in fulfilling social and environmental responsibilities while obtaining economic gains. Keywords: Creating Shared Value, Social and Environmental Responsibility, PT Petrokimia Gresik Studi ini menyelidiki bagaimana perusahaan dapat mencapai keseimbangan antara keuntungan ekonomi dan tanggung jawab sosial/lingkungan melalui pendekatan Creating Shared Value (CSV). PT Petrokimia Gresik menjadi subjek penelitian yang menganalisis program-program Tanggung Jawab Sosial dan Lingkungan dalam konteks CSV. Metode penelitian menggunakan studi kasus eksploratif dengan pendekatan kualitatif. Data diperoleh melalui wawancara mendalam, Focus Group Discussion (FGD), dan tinjauan dokumen terkait pelaksanaan program-program Tanggung Jawab Sosial dan Lingkungan di perusahaan. Responden, termasuk pihak internal perusahaan, terlibat dalam wawancara dan FGD. Temuan menunjukkan kekurangan dalam penyusunan program Tanggung Jawab Sosial dan Lingkungan, yang menghambat keselarasan dengan konsep CSV. Namun, enam program yang ada telah menuju konsep CSV dengan memberikan manfaat ekonomi dan sosial/lingkungan, sejalan dengan strategi jangka pendek dan panjang perusahaan. Temuan ini menegaskan pentingnya penyesuaian kebijakan perusahaan agar lebih terintegrasi dengan prinsip-prinsip CSV guna mencapai kesuksesan yang lebih optimal dalam memenuhi tanggung jawab sosial dan lingkungan sambil memperoleh keuntungan ekonomi. Kata kunci: Creating Shared Value, Tanggung Jawab Sosial dan Lingkungan, PT Petrokimia Gresik

Assessing Shared Value in Business Management: Developing A Measurement Scale

In the literature, the Creating Shared Value concept has shown a wide range of interest in both the academic and business communities. One area of interest to researchers is the search for metrics to measure CSV. However, an appropriate scale for measuring shared value is still lacking. Our study addresses this research gap by proposing the creation of dimensions of the CSV construct, as well as the items comprising each of these dimensions.

Implementation of Creating Shared Value (CSV) in the Community Empowerment Program "Cardamom Spice Village" PT Industri Jamu dan Farmasi Sido Muncul Tbk

This article was conducted to find out the implementation of the partnership program on the Creating Shared Value (CSV) concept of PT Industri Jamu Dan Farmasi Sido Muncul Tbk on cardamom farmers and what activities are carried out during the community empowerment program at the Kridoyuwono Farmer Group in Sambirata Village, Cilongok District, Banyumas Regency. This program aims to empower ginger farmers as raw material suppliers, especially cardamom commodities. One of the obstacles faced by the farmer group is the post-harvest drying process. This is due to unfavorable weather with high rainfall of 3000 mm/year (Source: BPS 2017), resulting in a disrupted drying process which in turn cannot dry the cardamom perfectly and has the potential to rot, which results in lower selling prices. The method used is a survei through social mapping, planning, and evaluation monitoring. Based on the results of the village potential analysis, there is a Micro Hydro Power Plant (PLTMH) that can be utilized as an energy source for the drying machine. With this drying machine, the post-harvest process becomes more effective and the quality of cardamom can match the raw material standards set by Sido Muncul. This program is expected to improve farmers' economy and increase farmers' resources related to cardamom cultivation.

THE ROLE OF FEMINISM IN ENGAGING INTERNATIONAL ACTORS TOWARDS EMPOWERING THE EFFORTS OF RECOVERING WOMEN IN POST-PANDEMIC TOURISM

This study seeks to unravel the role of feminism in shaping the engagement of international actors bilaterally, regionally, and multilaterally in the endeavor to revive and enhance the economic and social condition of women in the tourism industry within the post-pandemic condition. Through the lens of feminism that also perpetuates an understanding from the liberal-institutionalism view, this paper discovers that the engagement of actors who conduct cooperation leading to the establishment of institutions and programs with a focus on the prevailing notion of innovation is underpinned by the salient concept of shared value, which prioritizes the importance of women's rights and gender equality.

Creating shared value (CSV) measurement tool: conceptualizing the construct and its dimensions

Purpose: Despite the scientific interest in Creating Shared Value concept there is still the continual lack of an appropriate scale measuring CSV. Our paper addresses the research gap by proposing the conceptualization of CSV dimensions and is an attempt for developing the measurement of CSV attributes based on insights from scholars and practitioners. Design/methodology/approach: The conducted survey presents the findings obtained from Delphi Study with nineteen researchers and practitioners with expertise of the fields of CSR, sustainability, marketing, strategic management, and ICT. The study was used to generate the proposed construct with dimensions of value creation and items describing each dimension. Findings: The paper provides the conceptualizing measurement construct of CSV with identification of four dimensions as social value creation (SVC), environmental value creation (EnVC), economic value creation (EVC) and innovation value creation (IVC) and sustain the notion that business organization is creating multiply values as a multi-purpose entity. Research limitations/implications: There is a need to develop the future study employ both qualitative and quantitative methods to develop the entire CSV scale for verification of the measurement tool. Practical implications: The paper includes the implications for managers and the managements of business organizations to assess the effects of their performances to create values for diverse groups of stakeholders. Social implications: The paper is presenting the challenges for the modern organizations by expanding spectrum of value creation within the company for mutual benefits among an enterprise, society, and environment. Originality/value: The paper is an attempt for CSV conceptualizing and the first stage to create and develop measuring scale of creating shared value. Keywords: creating shared value, social value creation, economic value creation, environmental value creation, innovation value creation. Category of the paper: Research paper.

Exploring the performance of shared-value banking at discovery bank: a leadership perspective

The concept of shared value was born out of a determined effort to find methods for the corporate sector and society to grow while being sustainable. Often, banks are criticised for focusing on maximising shareholder value and not addressing societal issues or creating value for society. However, corporate shared value in banking is beginning to be embraced in the financial banking sector. Discovery Bank is a new-to-market entrant in the South African banking sector that has implemented shared-value banking to distinguish itself from competitors and create value for society. There are limited studies that explore the performance of shared-value banking in South Africa and whether implementation is viable or provides a competitive advantage. This study aimed to explore the performance of shared-value banking based on the perceptions of Discovery Bank leaders using a qualitative study methodology. The population in this study comprised 300 employees of Discovery Bank that was involved in the implementation of Discovery Bank since 2019. The target population of this research inquiry was 30 leaders of Discovery Bank. From the target population, 8 participants were chosen as the appropriate sample size to obtain the necessary data to address research objectives through interviews. Computer-assisted qualitative data analysis software, NVivo version 1.5.2 (946), was used to analyse data. Study findings were used to draw up recommendations to Discovery Bank South Africa management regarding improvement areas to meet performance objectives. The findings of the study revealed the following: Discovery Bank has created its shared-value banking model that deviates from the academic framework, it has created a new market of highly desirable clients who exhibit healthy financial behaviours and enhancing client engagement through client communication may yield greater success. Limitations and areas of future research was addressed in this study.

ТЕОРЕТИЧНА ІНТЕРПРЕТАЦІЯ ВАРІАТИВНОСТІ ФОРМУВАННЯ СОЦІАЛЬНОЇ ВІДПОВІДАЛЬНОСТІ ЗАКЛАДІВ ВИЩОЇ ОСВІТИ

The article discusses the contemporary issues of social responsibility in the higher education system which in recent years have been the subject of considerable debate at both national and supranational levels. The interpretation of a role of social responsibility as social and economic institute and as a factor of sustainable development of a particular organization as well as the economy and society overall provides a different perspective on the social responsibility phenomenon and its role in ensuring sustainability. The research hypothesis is the statement that building theoretical foundations of social responsibility in higher education institutions, constructing the respective conceptual framework and defining principles and factors of sustainable development should contribute to eliminate conceptual controversy and contradictions arising in the process of integrating the social responsibility paradigm in higher education. The study presents the evolution stages of a social responsibility concept which are the historical background; the concept genesis; the emergence of classical approaches; the evolution of a stakeholder approach; shaping of corporate social responsiveness, and the emergence of modern approaches to social responsibility in the frameworks of sustainable development. The evolution of the sustainable development concept has also been provided revealing its genesis, theoretical foundations and the taxonomy. Apart from the above, the findings have identified dominant approaches to interpret the notion of social responsibility, in particular, a systemic environmental approach, a cluster approach, macro- and microperspectives, a three-pronged (integrated) approach and organizational sustainability approach were described. It is argued that these approaches are embedded into social responsibility (conscientious economy, social economy, a shared value concept, conscious capitalism, positive economics, etc.) and their specifics should be considered while building a social responsibility framework in higher education institutions.

Prologue

In recent years, we have witnessed the emergence of a number of concepts and ideas that relate to a new way of understanding the business world.After the historical focus of top management on the concepts of profit, satisfying shareholder interest and a short-term rather than a long-term approach, the new paradigm sees sustainability as the central focus in the strategic formulation of companies. It is no longer about making money or creating value, but about how this is done in a sustainable way, taking a long-term view and considering the interests of the different stakeholders that interact with the company.In this sense, the concept of shared value, developed by Professor Porter, seems to us to be very relevant, which, in summary, concludes by stating that economic value can be created creating social value at the same time.There are many terms, concepts and approaches which, although they may give rise to a certain amount of terminological confusion (acronyms such as CSR, ESG, SRI, for example), are frequently used in the press and in the business world. In terms of concepts, the circular economy, and its growing importance, and the global and cross-cutting nature of the ideas and issues addressed, are also faithfully reflected in the changes that are taking place in the way business is understood.On the other hand, there is a clear and growing interest, not only in the academic world, but also from companies, investors and the various providers of analysis, rankings and opinions, on sustainability that make this issue a hot topic.In Exponential Education we understand, first of all, that when we talk about sustainability, this should be considered from a triple perspective: the economic, environmental and social.The first perspective is usually taken for granted, given that, when talking about companies, their management, investors and asset managers, among others, understand that, without economic and financial sustainability, companies would not be viable.That is why, in our view, the focus when talking about sustainability is on environmental and social sustainability. There are perspectives, increasingly taken up by more and more institutions, and especially by large investment funds and asset managers, that add the governance pillar, proposing an innovative way of analysing and selecting investments based on the ESG concept. Moreover, it seems clear to many experts that the ESG approach enables, as research has shown, superior financial performance, higher revenue growth, improved margins, greater operational efficiency and lower cost of capital. Besides, more and more investment funds and asset managers, as well as individual investors, are demanding greater investment in assets with an ESG approach.From another perspective, the pressure from regulators, both national and transnational, and their concern about non-financial information, has led to a large number of far-reaching legislative changes, for example in the European Union.The European Union, for example, has published the taxonomy related to environmental aspects. The taxonomy related to social aspects and governance is still pending, although the latter aspect is fairly well regulated in the corporate governance regulations of the different countries.We also highlight all the EU initiatives in the field of sustainable finance and their influence, both from the perspective of bond issues, known as green bonds, aimed at financing environmentally friendly projects, as well as companies' own investment projects, with a clear change in the destination of their investments.Another aspect that we underline, from a business management perspective, is the growing importance of the different stakeholders that relate to the company, their identification and prioritisation, the commitments made to them and the fulfilment of these commitments, which will have a significant influence on corporate reputation and the consequent reputational risk.For all these reasons, Exponential Education has developed a research vocation in the field of sustainability and ESG philosophy, which is reflected in the monographic issue that we present with ASEPELT and sponsor with the unconditional support of IASE.It is a publication with a wide thematic variety, eminently transversal and with a great geographical and cultural diversity. The approach is from a scientific perspective subject to blind peer review, as an indexed journal.The monograph covers, among others, issues related to the environment, decarbonisation and environmental sustainability, the circular economy and the transition to it, green bonds, impact investing, renewable energy and the ecological footprint, gender diversity and women's empowerment, the role of venture capital in clean sectors, or the ESG model and financial performance.The monograph, with a clear international vocation, will be distributed on five continents with the support of ASEPELT and IASE.Exponential Education would like to thank all those who have contributed with their articles and opinions to this monograph, and we pledge to continue along the path of quality academic research.

Sharing economy platforms: creating shared value at a business ecosystem level

Sharing Economy Platforms (SEPs) are, in general, easily challenged by social ethics and culture, and are vulnerable to social and institutional uncertainties. Drawing from the Creating Shared Value (CSV) concept (Porter and Kramer, 2011), this article investigates whether CSV activities assist SEPs in retaining sustainable innovation at a business ecosystem level. Based on the Polanyian embeddedness framework, we specifically examine how SEPs’ CSV co-evolves and aligns with virtue ethics and local culture across three growth stages: Community stage, Scaling-up stage, and Legitimation stage. Data for this research were collected from multiple case studies from two major sectors: the bike-sharing platform sector and the ride-sharing platform sector. Our findings indicate that SEPs should co-create shared values by embedding virtue ethics and local culture into their work with key ecosystem partners in order to preserve sustainable innovation. The research contributes to an evolving understanding of CSV activities in the sharing economy literature on SEPs, as well as proposing some practical implications for industrial practitioners and policymakers.

Analysis of Creating Shared Value in the Food and Beverage Industry

This study analyzed the creating shared value (CSV) concept in the food and beverage industry using descriptive quantitative method. CSV is the practice of creating corporate policies and practices that enhance a company's competitiveness while simultaneously advancing the social and economic conditions in communities in which the company sells and operates. It is considered an enhanced version of CSR, which emphasizes the synchronization between social and economic progress. Thirteen listed food and beverage companies in Indonesia from 2015 to 2017 were analyzed, resulting in 39 firm-year observations. We conducted a content analysis on the sample CSR reports using Drozdz et al.’s (2015) indicators. Our analysis showed that companies created value mostly for their customers, since customers are especially important for these firms because of their prominent nature. The result supports the legitimacy theory, which stated that companies need to align their operations with the expectations of the society they operate in order to survive. In addition, the result suggests that food and beverage companies need to start creating more shared values for the society, their employees, the environment, and their suppliers. The CSV concept can be a strategic practice for companies.
 Keywords: fiscal decentralization, inequality between regions/cities, regional spending, private investment, general allocation funds

SUSTAINABILITY AND THE CONCEPT OF SHARED VALUE AND THE 4TH INDUSTRIAL REVOLUTION: A BIBLIOMETRIC ANALYSIS OF TWO SCIENTIFIC NETWORKS

The role of the technologies, concepts, and philosophies associated with the Fourth Industrial Revolution (4IR) has been argued to hold significant value in the quest for sustainability. Furthermore, the concept of ‘shared value’ has been put forward as an approach that holds significant value when aiming to bring about socially just, economically fair, and environmentally friendly production and consumption practices. The importance of the link between the concept of shared value and 4IR is explored in this paper using bibliometric analysis, and we expose the different structures of these fields, including keywords, key authors, and the coherence of these two scientific networks in order to uncover areas of integration between them. The findings of this analysis indicate that a clear gap in integration exists; and the opportunity for research in this field could further contribute to the debate on using innovative, contemporary technologies — such as those associated with 4IR — to support approaches to ensure increasingly sustainable business practices, such as shared value.

Links between the Creating Shared Value Concept and a Company's Marketing Strategy

The aim of the article is to try to define the relationship between the corporate social responsibility (CSR) and the creating shared value (CSV) concepts and marketing strategy. To achieve this goal, a method of critical analysis of national and foreign literature relating to these issues was used. On this basis, conclusions were formulated defining the scope and content of these relations. They relate primarily to a company's mission, marketing research and marketing strategy. The relationship between the CSV concept and marketing strategy can be particularly seen in the evaluation and selection of new geographic markets and new buyer segments. They refer to changes in product policy - creation of products constituting common value. Relationships also relate to distribution policy, which may include the creation of local clusters and the inclusion of companies from these markets in production and distribution. (original abstract)

Revisionisme Sejarah Jepang terhadap Peristiwa Pembantaian Nanjing

This study examines Japan's historical revisionism related to the Nanjing Massacre during its 1937 invasion in the People's Republic of China. In 2015, UNESCO's response to include the Nanjing Massacre in the "Memory of the World Register" received backlash from Abe's government, resulting in a budget suspension from Japan. Japan wanted to be seen as a good country, leaving behind its past image as a war aggressor through historical revisionism. Using the concept of Shared Beliefs and Therapeutic Value, this article analyses homogeneous Japanese society that regards the Nanjing Massacre as something the Japanese government should not be apologetic about and the heterogeneous historical facts of the massacre itself. Finding suggests that Therapeutic Value from the denial comes from the failure of the U.S. and its allies to provide a deterrent effect post-WWII that resulted in victimization and melodrama promoted by the Japanese government. The government also uses narratives such as Toa Renmei Ron and Kami no Kuni as the main argument to boost Japanese superiority as a country. However, such revisionist strategy of the Nanjing Massacre is proven a failure to promote peace among the younger generation.

Threats and Opportunities for Global Food Companies: Identifying Social and Environmental Issues in Food Value Chain to Create Shared Value

Abstract Purpose: This paper aims to identify social and environmental issues in value chain of food companies to create shared value. We provided most affecting social and environmental issues on businesses companies value chain; in addition to that we provided some solutions to social and environmental problems based on shared value concept. Design/methodology/approach: The authors provide a proposed approach based on the specificity of problems and issues in agricultural and global food companies. The objective is to identify environmental and social issues in food value chain in order to invest in these issues to create shared value. Findings: We found that every primary and secondary activity within food value chain is characterized by some social and environmental problems. We analyzed these social and environmental issues in every single activity. In addition to that we provided proposed solutions to these social and environmental issues using shared value concept in every single activity within company value chain. Research limitations/implications: This research paper determines social and environmental issues in value chain for food global companies; however, more research is needed to find other social and environmental issues in other sectors. Practical implications: This overview may help and give ideas to owners and managers of food companies to rethink their overall value chain by detecting environmental and social issues and used shared value concept to turn these environmental and social issues into a business opportunity. Originality/value: A unique view of value chain analyzed by identifying environmental and social issues using shared value concept.

Editorial

Editorial

Shared value: a bibliometric review of the literature from the approaches of strategy, corporate social responsibility and stakeholder

The recent rise of the Shared Value (SV) concept justifies the debate about its possible conceptual developments. The objective of this article is to analyze the conceptual evolution of the SV showing its approaches from strategy, corporate social responsibility (CSR) and stakeholders. The methodology used for research consists of a systematic review of the literature, using as input for the classification of articles, the graphs theory and a bibliometric analysis through the Tree of Science (ToS) tool. The analysis focuses on the evolution of the concept of SV (start, development and trends) observing the maintenance of the original approaches and new trends in concept application. It is concluded that although the origin of the SV does not yet have a defined consensus, there are some coincident characteristics for its application, such as: creation of mutual value, integration of economic and social value and the generation of positive impacts on stakeholders.

Promotion of Shared Value for the SDGs (Sustainable Development Goals): A Case Study of Australia

Background: The Sustainable Development Goals (SDGs) recognize the key role of business in achieving targets. Corporations have embraced the strategy of “Creating Shared Value (CSV)” to enhance corporate competitiveness and profitability while working on social and environmental issues. Despite substantial acclaim for synergy of integrating the SDGs and the concept of shared value, the linkage between the SDGs and CSV is under-researched. This present study aims to examine how CSV and the SDGs are understood and pursued in relation to each other. Methods: This research employed a case study design. Documents of the Australian Government, companies and civil society were thematically analyzed to understand the conceptualization and operationalization of CSV in the Australian context. Results: Findings suggest that the SDGs are well-aligned with the values held by the Australian Government and citizens. Relative to the SDGs, Australian companies have framed their CSV closely but operationalization of shared value still needs a stronger connection with the SDGs. Key themes were the necessity for incentives and support for companies, the government’s leadership and coordination role, and participation of civil society. Conclusions: This case study presented the potential of CSV for attainment of the SDGs and corporate sustainability. Societal commitment to core values such as human rights and equality may be the key to SDG-CSV harmonization and multi-stakeholder collaboration.