Corporate Social Responsibility Policies Research Articles

Analysis of social responsibility in the financial performance of colombian companies

The study explored the relationship between Corporate Social Responsibility (CSR) and financial performance in Colombian companies. A comprehensive analysis of academic literature was conducted, and a survey was administered to 10 individuals from 5 different companies in Colombia. Results showed a positive association between CSR and financial performance, with 60% of the studies supporting this relationship. Additionally, the importance of CSR disclosure and the need for effective management aligned with international standards were highlighted. In the survey, it was found that the majority of companies had formal CSR policies and believed in their importance for future success. This suggests that investment in socially responsible practices can have positive impacts on both brand reputation and financial outcomes for Colombian companies. In conclusion, CSR emerges as a key factor for sustainable development in Colombian companies.

Institutional view of corporate social responsibility in the Iranian context

PurposeThe purpose of this study is to examine how formal and informal institutions play a role in the Iranian context in shaping corporate social responsibility (CSR) policies and practices.Design/methodology/approachUsing a multiple case-study approach combining comparative and cross-sectional methods with semi-structured interviews, primary data was collected from eight corporations that actively participated in CSR activities in Iran. A microanalysis approach was used to examine the meanings and dynamics in the data. Through thematic analysis and pattern-matching techniques, the authors separately examined the roles of formal and informal institutions. Cross-case analysis was used to highlight the cases’ similarities and differences.FindingsThis study demonstrates that both formal and informal institutional structures exist in Iran and that both types influence CSR. This study also shows that informal institutions (such as personal values, culture, religion, traditions, charity and philanthropy) play a more explicit role than formal institutions (such as legal regulations and laws) in shaping CSR adoption policies and practices. The results indicate that, among institutions linked to CSR, formal and informal institutions are complementary and potentiate each other in Iran. Nevertheless, compared to formal ones, informal institutions play a more prominent role in shaping CSR policies and practices.Research limitations/implicationsThe authors recognize that, although the eight corporations are large, and although they interviewed their key personnel, they do not claim that these findings are generalizable, owing to the qualitative nature of the study and the small number of selected corporations.Originality/valueThis study makes relevant theoretical and empirical contributions. First, it contributes to the growing body of CSR literature that highlights the necessity of linking informal and formal institutions. Although the CSR literature lacks research on informal institutions in developing economies, researchers have yet to push forward and explore how the CSR adoption process works in developing economies that have influential informal institutions.

The impact of the collaborative consumption triangle on purchasing intentions within online food delivery platforms

PurposeThis study adopted the collaborative consumption triangle to explore the influence of online food delivery platforms (OFDP) on consumer purchase intentions. It investigates the effects of restaurants' corporate social responsibility (CSR) practices, individuals' food neophilic tendencies (FNT), and platforms' perceived benefits on purchase intention within OFDP. Furthermore, the study analyses differences in consumers' pro-environmental behaviour (PEB) on OFDP.Design/methodology/approachThe 497 participants conducted a web-based self-completion survey, using structural equation modelling to analyse the path structure of consumer purchasing intention. Furthermore, differences in PEB among OFDP consumers were compared through multigroup analysis.FindingsThe findings indicate that CSR influences the perceived value of sustainability and that the perceived value of sustainability influences purchase intention. Additionally, the influence of the perceived value of sustainability on purchase intention is more pronounced among consumers with low PEB compared to those with high PEB.Research limitations/implicationsThe findings may not be generalisable to other countries due to cultural differences, CSR policies, and strategies for promoting sustainable development.Social implicationsThe study provides valuable contributions related to (1) restaurants increasing their revenue and meeting their long-term sustainable development goals; (2) providing reusable containers policy and reusable containers policy and category tags for restaurants within OFDP.Originality/valueThis study is a pioneering work examining factors influencing purchase intentions within OFDP from the tripartite collaborative consumption perspective post-COVID-19 and focuses on the differences in PEB concerning OFDP.

Social Policy and SCR Tools for Managing the Sustainable Development of Enterprises in the Corporate Sector

The research focuses on analyzing and reviewing of corporate social responsibility and social policy. The authors studied the works of domestic and foreign authors who were engaged in the analysis of these problems. The authors identified the factors that influence social policy, such as: political, demographic, medical, social, and others and categorized the typical descriptions of social policy research in the public and private sector. Special attention is paid to the authors’ interpretation of the concept of social and political involvement of the corporation. The authors determined the basic principles of development and implementation of social policy in accordance

Corporate Social Responsibility (CSR): a Study of Reliance Industries Limited

Corporate Social Responsibility (CSR) has become a significant consideration for companies around the world. The purpose of this research paper is to examine the CSR initiatives undertaken by Reliance Industries Limited (RIL), one of the largest conglomerates in India. The paper analyzes RIL's CSR policies and practices and its impact on the society and the environment. The research is conducted through a case study approach where data has been collected through secondary sources. The findings indicate that RIL has taken several measures to address its social, economic, and environmental responsibilities, including education, healthcare, women's empowerment, environmental conservation, and sustainability. The study concludes that CSR initiatives are crucial for companies to build a positive reputation, enhance brand value, and contribute to the sustainable development of the society and the environment.

Examining the integration of women's issues in the corporate social responsibility (CSR) strategy of Coal India Limited

This paper examines efforts to integrate women's concerns into Corporate Social Responsibility (CSR) programmes and policies in India's coal mining sector. This is achieved by taking into consideration the subsidiaries of the largest coal producing company in the country: Coal India Limited. The study finds that, in relation to the various categories that fall under CSR, expenditure on, as well as the nature and number of projects related to, women's welfare is underwhelming. In light of this, the management of Coal India Limited's subsidiaries are urged to prioritise the launching of CSR projects that address women's needs, and which broadly, focus on gender equality and empowerment.

The gender and culture effect on the CO2 emission empirical analysis.

In recent years, the world has been facing severe challenges from climate change and environmental issues, with carbon dioxide emissions being considered one of the main driving factors. Many studies have proven that activities in various industries and fields have a significant impact on carbon dioxide emissions. However, few studies have explored the impact of gender on carbon dioxide emissions. This study aims to explore the potential impact of gender diversity on carbon dioxide emissions in the boards of directors of developed and emerging market enterprises. In addition, we also analyzed how board cultural diversity affects carbon dioxide emissions. We searched two European indices provided by Morgan Stanley Capital International (MSCI) from the Bloomberg database and conducted empirical analysis. We selected the MSCI index and MSCI emerging market index from 2010 to 2019 as samples and thoroughly cleaned up the data by removing any observations containing missing information on any variables. Statistical methods such as t-test, ordinary least squares, panel data analysis, regression analysis, and robustness testing were used for statistical analysis. At the same time, differential testing was conducted on sensitive and non-sensitive sectors, and the average representation of female boards in sensitive industries was low. The research results show that the proportion of female members on a company's board of directors is negatively correlated with carbon dioxide emissions. This discovery is consistent with the legitimacy theory advocating for gender equality and environmental sustainability, emphasizing the importance of gender diversity in reducing greenhouse gas emissions. However, agency theory suggests that diversity may lead to internal conflicts within a company, leading to agency costs and information asymmetry. The research results show a negative correlation between board cultural diversity and carbon dioxide emissions, indicating the potential challenge of board cultural diversity. This study provides important insights for decision-makers and managers, not only inspiring corporate social responsibility and environmental policy formulation, but also of great significance for academic research in the field of climate change. Our research findings help deepen our understanding of the factors that affect carbon dioxide emissions in different sectors and countries, while also expanding the research field between gender diversity, cultural diversity, and environmental sustainability. Although this study still needs to be further expanded and deepened, it provides useful insights into the relationship between board gender and cultural diversity and carbon dioxide emissions.

Evaluation of the Implementation of Corporate Social Responsibility (CSR) Policies in Dumai City, Riau Province, Indonesia

CSR as a form of corporate activity always demands social responsibility from companies. However, considering that the various types of CSR policies that currently exist have not been able to be implemented optimally by corporations, CSR policies need to be evaluated for systematic improvement. This research aims to determine the challenges companies face and how CSR policies can meet the policy evaluation criteria in Dumai City. This research uses qualitative research methods that explore challenges and evaluate CSR policies. Data analysis was conducted through the Nvivo 12 Plus application, sourced from interviews with each actor in Dumai City. This research found that the challenges companies face in CSR policies include the lack of a clear framework, lack of transparency and accountability, and difficulty balancing economic considerations with long-term needs. Then the evaluation of CSR policies in Dumai City is dominated by indicators of adequacy (21,62%) and equity (21,62%), followed by effectiveness (18,92%), responsiveness (16,22%), efficiency (13,51%), and accuracy (8.11%) which require optimal evaluation so that unclear rules regarding CSR policies can be improved systematically and able to achieve the important goals expected in the public sector.

Islamic teachings and environmental corporate social responsibility in Bangladesh: a mixed-methods research approach

PurposeThis study aims to examine the impact of Islamic teachings on environmental corporate social responsibility (CSR) practices in Bangladesh, a country where Islamic principles are profoundly influential.Design/methodology/approachUsing a mixed-methods research approach (quantitative study with close-ended questionnaire and qualitative study with semistructure interview), this study aims to explore the role of individual characteristics and organizational contexts in environmental CSR practices. The study uses a robust analytical framework encompassing variance inflation factor, orthogonal loading, Cronbach’s alpha, composite reliability and average variance extracted to assess the reliability and validity of these metrics.FindingsThematic analysis reveals the motivations, attitudes and challenges experienced by organizational leaders in aligning Islamic ethics with environmental stewardship, whereas the quantitative results provide empirical support for the relationship between various organizational practices (denoted as M#1 to M#8) and environmental CSR.Originality/valueThe findings of this study illuminate the potential benefits of tailoring CSR policies to fit within specific religious and cultural frameworks, offering both theoretical contributions and practical insights.

Mining from the pipeline: Artisanal oil refining as a consequence of failed CSR policies in the Niger Delta

Oil production in the Niger Delta first attained global prominence after the 1995 hangings of Ken Saro-Wiwa and eight other Ogonis. In the face of horrible publicity and credible allegations that international oil companies were complicit in systematic human rights violations against local host communities, corporate social responsibility (CSR) was embraced. CSR in the Nigerian oil industry has evolved from non-existent to limited community development programs to today's Global Memorandum of Understanding model. Yet, concomitant with CSR's growth has been a devastating increase in artisanal oil refining or “bunkering.” In this article, we do not focus on industrial scale bunkering, which clearly requires high-level political support. Instead, we focus on the growth of small-scale artisanal refining in the rural Niger Delta. We situate this sector's growth in failed government and CSR policies, highlight its devastating environmental impacts, and advocate a shift away from flawed and limited CSR to legal and regulated modular refineries that, with fewer negative developmental and environmental externalities, could serve as a vital source of job creation and wealth generation.

Investigating the Interconnection between Environmental, Social, and Governance (ESG), and Corporate Social Responsibility (CSR) Strategies: An Examination of the Influence on Consumer Behavior

The objective of this research is to develop a structural relational model that examines the relationship between environmental, social, and governance (ESG) variables and corporate social responsibility (CSR). Additionally, the study seeks to determine the impact of these factors on consumer behavior. This research endeavor included the gathering of data from Taiwan and Indonesia, with the aim of investigating the influence of ESG practices and CSR initiatives on customer attitudes and purchase intentions. The study used STATISTA 10 and LISREL to examine the impact of environmental, social, and governance practices on CSR activities. The findings indicated that the integration of environmental practices had a positive effect on CSR initiatives, but the influence of social and governance practices exhibited variability. The research emphasizes the importance of proficiently communicating environmental policies and proposes that organizations should prioritize environmental actions in order to bolster their brand and gain customer confidence. The results also underscore the need for consumer education about the ESG framework. The research closes by emphasizing the management implications, recommending that organizations should embrace a comprehensive strategy towards ESG and CSR policies in order to enhance company performance and ensure long-term sustainability.

Corporate social responsibility and tariff policy in a differentiated mixed duopoly

AbstractIn this paper, we assume that the domestic public firm competes in the market with a foreign private firm that cares about consumer surplus and the domestic government imposes tariffs on foreign firm. We aim to analyze the influence of the corporate social responsibility (CSR) level of foreign firm on privatization and tariff policy. It shows that if the government implements a privatization policy for the domestic public firm, the optimal degree of privatization decreases in the CSR level of foreign firm. Under the optimal privatization policy, if the product differentiation is relatively small, the equilibrium tariff increases in the CSR level; if the product differentiation is relatively large, the equilibrium tariff decreases in the CSR level; if the product differentiation is moderate, the relationship between the equilibrium tariff and CSR level is an inverted U‐shape. We further consider the policy implications under sequential moves of firms.

Effects of Corporate Social Responsibility (CSR) policies and activities on Company Reputation and Employee Organizational Citizenship Behaviour: Evidence from Indicate the tourism industry

This research investigates the impact of corporate social responsibility (CSR) policies on employee organizational citizenship behavior and business reputation within the travel and tourism sector. Through a comprehensive survey of 317 participants in tourism companies, the study employs Amos 25.0 and SPSS 25.0 software to construct a Hypothesis Testing Structural Equation Model, aligning with established methodologies. The results unequivocally demonstrate that CSR practices enhance a company’s reputation, subsequently fostering organizational citizenship behavior among employees. Notably, the intricate interplay among CSR policies, company reputation, and employee behavior is subject to moderation by specific factors. The findings underscore the nuanced dynamics shaping organizational behavior in the context of CSR initiatives. The study suggests potential avenues for future research, offering insights that contribute to both theoretical understanding and practical implications for businesses in the travel and tourism sector. This research advances our comprehension of the intricate relationships between CSR, business reputation, and employee behavior, providing a foundation for informed decision-making in corporate sustainability efforts.

Ethical Leadership and Corporate Social Responsibility: A Comprehensive Review

The topics of ethical leadership and corporate social responsibility (CSR) have become more prominent in the business domain. The topic related to moral authorities, the connection between corporate social responsibility (CSR), and commercial achievement has received considerable interest from both academic and organizational spheres in recent years. Indeed, a multitude of research articles and specialized journal issues have focused specifically on these three areas. This research provides a thorough evaluation of the concepts of moral leadership as well as corporate social responsibility (CSR) and their impact on company performance. This comprehensive review article analyses the fundamental principles, concepts, and empirical evidence pertaining to ethical leadership and corporate social responsibility (CSR). This research examines the correlation between ethical leadership and corporate social responsibility (CSR) policies, investigating their impact on business performance, employee involvement, and society's welfare. The article also analyses the challenges and possible benefits of integrating ethical leadership and corporate social responsibility (CSR) into business strategies. This study aims to provide a thorough understanding of the significance of ethics and social responsibility in contemporary corporate management by integrating research from other disciplines.

Integration of Advanced Sri Practices Into the European Asset Management Industry: A Survey of Drivers

Sustainable and responsible investment (SRI) has experienced impressive growth in the last two decades. However, the adoption of advanced SRI strategies that go beyond the mere exclusion of companies or asset classes has not kept pace with this expansion, a critical development regarding its potential impact on sustainability. For this reason, this study aims to identify the main drivers for the adoption of advanced sustainable and responsible investment practices by asset management companies to know why and which companies better advance the strengthening of SRI in the European financial market considering an original combination of different SRI drivers. To investigate which factors seem to be more decisive in adopting more sophisticated SRI practices, we first conducted a survey among fund management companies that manage and/or distribute investment funds in Europe. Second, we used logistic and multivariate regressions as analytical tools for testing the hypotheses. Results show that societal pressures and a formal corporate social responsibility policy are the main drivers for adopting advanced SRI practices by asset management companies.

Gender pay gap in the Czech Republic: focused on management

The existence of a gender pay gap is well known. This paper focuses on the issue of the pay gap in managerial positions. It aims to examine the development of the gender pay gap in managerial positions in the Czech Republic and to identify the unexplained part of the gender pay gap, which could be an indication of gender pay discrimination. To estimate the unexplained part of the gender pay gap data from the European Union Statistics on Income and Living Conditions (EU-SILC) was used and the Oaxaca-Blinder decomposition was applied. The results show that in the period 2005-2019, the average raw gender pay gap in management was 0.22 and the unexplained part was 0.13, using the Neumark’s variant of the decomposition. Differences in women’s and men’s personal and firm characteristics could explain about one-third of the pay gap. The results also suggest that the situation has not changed much over the period considered and that the unexplained part of the gender pay gap has decreased only slightly between 2005 and 2019. Thus, reducing the gender pay gap remains a major challenge for both economic policy makers and companies in promoting corporate social responsibility policies.

Russian-Ukrainian War, BRICS+ & Global Markets: New Management Competitive Landscapes

The Russian-Ukrainian war introduced new elements into the strategic management of large global corporations. Recently, the marketplace of international companies has found a specific growth element, defined in the so-called BRICS+, that is changing competitive horizons and developing new models of management. In global markets, the managerial economics imposes an adaptive policy of corporate social responsibility, dominated by economic sustainability and eco-responsibility, with corporate conduct that is not always truthful and effective. From the beginning of 2010s and up to these 2020 years, a fifth phase of globalization (Competitive Landscapes Globalization) produced a structural change of competitive horizons, with policies of innovation and imitation focused on oversize management, the obsessive task of cost reductions, the worldwide localization of productions based on alliances, joint ventures and accords, that have developed multi-polar network organizations.

Corporate social responsibility performance and social reputation via corporate social responsibility awarding: is there a threshold effect?

PurposeThis study aims to examine the potential threshold effect in the association between corporate social responsibility (CSR) performance and social reputation.Design/methodology/approachThis study includes an international and cross-sector sample covering 41 countries, nine sectors and 45,395 firm-year observations. It applies a parabolic relationship, rather than linear regressions, between CSR engagement and social reputation via CSR awarding. This implies that CSR performance should increase until a certain point to gain a social reputation but then should decrease after reaching that threshold point considering limited financial resources.FindingsThe findings of country-industry-year fixed-effects logistic regressions confirm the threshold effect with an inverted U-shaped relationship between CSR and CSR awarding. More specifically, firms increase their environmental and social engagement until a certain point, and then they reduce it after reaching a social reputation. This finding is confirmed by three dimensions of the environmental pillar (i.e. resource use, emissions and eco-innovation) as well as four dimensions of the social pillar (i.e. workforce, human rights, community and product responsibility). The findings are robust to alternative samples, alternative methodology and endogeneity concerns.Practical implicationsThe findings of this study have implications for firms about the better allocation of available funds between CSR and operations. The findings could be particularly useful for CSR teams/committees of the firms who formulate CSR policies and how to mobilize firm resources for better social enhancement via environmental and social reputation.Originality/valueThis study examines deeper the nature of the association between CSR engagement and social reputation and considers the possibility of an inverted U-shaped relationship between them. The determination of a threshold effect suggests that CSR engagement increases social reputation, but once it reaches a certain point, social reputation will decrease owing to financial resource constraints.

The role of corporate social responsibility as a moderating factor in influencing bank performance in Indonesia

An important factor in increasing public trust in banks is to show bank performance, so it is necessary to know the factors that influence bank performance. Therefore, it is important to attract the attention of bank management. This study aims to determine the factors influencing bank performance by using social responsibility as a moderating variable. This study involved 20 banks in Indonesia and used a quantitative approach. Secondary data sources were used for data collection and analyzed using a regression equation model. The results show that non-performing loans and bank size have no effect on bank performance. Meanwhile, loan-to-deposit ratio and corporate social responsibility have a positive effect at the 1% significance level. The results of testing the moderation effect obtained t-statistic values of –0.365 and –4.269. These results show that social responsibility has a negative effect, does not moderate the relationship between non-performing loans and bank performance, but has a negative effect, moderating the relationship between the loan-to-deposit ratio and bank performance. These findings have policy implications for bank performance through the implementation of corporate social responsibility policies. AcknowledgmentsThe authors would like to thank the DPPMP of Stikubank University for supporting the funding of this research. Thanks also to the NGEJUS - FEB Unisbank team who helped provide the facilities needed for this study.

Policy Development Corporate Social Responsibility (CSR) based on Village Sustainable Development Goals (SDGs) in Bukit Batu District Bengkalis Regency

Current Corporate Social Responsibility (CSR) policies are often judged to be less targeted and unsustainable, causing disappointment to the community and government. In order for this CSR policy to be right on target and sustainable, then it needs to be based on the policy of accelerating the achievement of the Village Sustainable Development Goals (SDGs). Bengkalis Regency currently has one large company, namely PT. Pertamina Sungai Pakning which is committed to the implementation of CSR. The company has made a CSR policy from 2014, but this CSR policy has not been based on the Village SDGs. The purpose of this study is to develop CSR policies based on Village SDGs in order to assist villages in accelerating the achievement of national development goals. This study uses a qualitative method. The results of the study found that the development of CSR policies can be formulated using an incremental policy model by maintaining the fields of education, health, the environment and adding several fields, namely the economic, social, institutional and technological fields which have implications for the objectives of the Village SDGs. This policy can be realized through charity programs, infrastructure, capacity building, and community empowerment.