Corporate Social Responsibility Projects Research Articles

The Impact of Entrepreneurial Capital on CSR and New Joint Venture Performance in Emerging Economies

This research highlights the critical role that entrepreneurial capital (EC) plays in organizational development and resilience by examining the connections between EC and the success of new joint ventures (NJVs) in developing nations. Corporate social responsibility (CSR) is becoming more popular in the early phases of a company’s growth because of its capacity to improve credibility and competitive differentiation. Traditionally associated with well-established corporations. This study uses a mediated-moderation model to explore theories on how EC affects the disruptive innovation, economic, social, legal, and environmental sustainability of NJVs. Using quantitative survey data from 270 NJVs, this paper highlights the strategic interdependencies influencing NJV trajectories, as well as the functions of disruptive innovation and CSR. The findings demonstrate that EC greatly enhances NJVs performance in every category, promoting CSR and innovative projects. NJVs benefit from early CSR participation because it reduces risks and boosts entrepreneurial vitality. Disruptive innovation transforms EC into measurable performance advantages. This study has important policy and management implications because it shows that NJVs can stay ahead of the competition and improve their performance by strategically using EC for CSR and innovation projects. Overall, this study emphasizes how crucial CSR is to the startup environment, supporting resilient and long-term growth in emerging economies.

CHALLENGES AND PARADOXES IN MODERN HUMAN RESOURCE MANAGEMENT AND ITS ROLE IN BUILDING SUSTAINABLE ENTERPRISES

Debates around corporate social responsibility (CSR) suggest that human resource management (HRM) is well-suited to help companies achieve the goals of many stakeholders. HRM is founded on pluralistic ideals. What strategies may HR professionals employ to actively participate in the corporate social responsibility (CSR) agenda? This is the problem they encounter. This research investigates the solution to that issue by utilizing findings from an SRL. Through this approach, we can ascertain the crucial roles of human resource management in establishing sustainable organizations and highlight the challenges that arise from conflicting organizational goals. As a concluding step, this analysis provides two recommendations to practitioners: firstly, how to comprehend these conflicting objectives in order to exert a tangible impact on CSR projects, and secondly, where to proceed in terms of further research.

THE CORONAVIRUS PANDEMIC AND ISSUES OF SOCIAL RESPONSIBILITY SUMMARY

Topicality. The coronavirus pandemic has led to an even greater increase in corporate social responsibility activities. Thus, the sense of social responsibility towards the society, the medical field and the areas most affected by the pandemic has developed a culture of corporate social responsibility in many organizations. The projects implemented in this framework have helped to reduce the effects of the pandemic and reminded once again the importance of social responsibility for both companies and society. Aim and tasks. Your article's main purpose is to analyze the social responsibilities of companies in the face of social problems caused by the coronavirus pandemic. Based on the examples taken at this time, negative and positive aspects and missing aspects should be revealed. Research results. Social responsibility, which is developing during the Covid-19 pandemic, shows that companies are now giving importance to moral advantages as well. The impact on business, economic and social aspects, as well as the image created by corporate social responsibility projects and the support received by society due to the impact of the coronavirus pandemic are part of sustainable development. Conclusion. The development in this field in recent years shows that the conducted researches are carried out, the results obtained and the proposals made are already implemented and have started to show their results. The researches proved that during the pandemic, many companies have signed useful projects with a deeper understanding of their social responsibility. The pandemic factor was also taken into account as an unexpected force majeure in our research conducted with the need for further development of this field in modern times.

Implementing Post-Pandemic Economic Parity: A Potential Restoration Through Distributive Justice

Abstract This paper explores the economic disparities created and augmented by the Pandemic and implores the state to adopt redistribution schemes based on the philosophy of distributive justice. The pandemic created and augmented gaping class inequalities, by pushing some into unemployment and poverty, while catalysing others’ prosperity. This may or may not have involved a fault element on the part of those that profited from the pandemic, which is to say, while some may have actively exploited the situation to increase their profits at the cost of general interests, others may have simply gained profits while retaining ethical practices in their conduct of business. This Paper argues that, irrespective of the fault element, States must implement a special financial scheme that necessitates companies that gained enormous profits from the pandemic to contribute towards assisting those who were financially crushed by the pandemic. The paper will build this on the philosophy of distributive justice, examining the ‘difference principle’ as well as ‘luck and responsibility egalitarianism’. Simply put, this means that States must enforce a system that neutralizes the ‘luck’ element that the pandemic induced in the society, through a financial scheme best suited for its situation. This may be achieved through levying a special tax for a period of time on particular business entities and/or by requiring companies to include a special corporate social responsibility project in line with the quantum of additional profits owing to the pandemic. Arguably, corporate houses that exploited the pandemic must not be placed at par with those that merely happened to profit from it (say, for instance, a pharmaceutical company that may have manipulated the drug market to increase prices and limit supply of an important drug, as opposed to a food/essentials delivery chain that naturally saw an increase in the number of consumers ordering deliveries online). But the obligation to carve out a part of their profits for social redistribution is not founded on whether they are at fault or not. Any fault may, of course, be used as a basis for levying a higher penalty or other legal measure, apart and distinct from the obligation that this paper builds on. The scheme that is proposed by the Paper is not to penalize but is based on the philosophy of distributive justice and thus does not require that the company was ever in violation of laws, but merely that the pandemic that devastated most people happened to be a profitable enterprise for others in contrast. It is in the State’s interests to negate the widened gap of economic disparities thus created, and this justifies that the Government would require such corporate houses to carve out a fraction of their fortunes for those who suffered severely. The Paper builds primarily on the philosophical foundations of distributive justice, urging its practical implementation in post-pandemic the economy. States must adopt creative measures to restructure patterns of privileges created or amplified by such unprecedented (at least in recent history) circumstances, as the pandemic.

A Study on Corporate Social Responsibility Relationship with Organisational Culture and Business Ethics : - On MCL

Corporate Social Responsibility (CSR) in India has gone past just philanthropy and gifts, and is drawn closer in a more sorted out mold. It has turned into a basic part of the corporate system. Companies have CSR groups that detail particular approaches, methodologies and objectives for their CSR projects and put aside spending plans to bolster them. The essential target of CSR in nowadays is to expand the company's general effect on the general public and partners. CSR has experienced many stages in India. In this paper we examine the basic changes in model of corporate social obligation and the new imaginative works on being connected for its execution in the most recent decade in India. It minimizes the cost and additionally hazards, subsequently, expanding the brand esteem and notoriety of the company. "CSR alludes to the commitments of specialists to seek after those approaches to settle on those choices or to take after those lines of relations which are attractive as far as the goals and estimations of our general public."

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.

A CASE STUDY OF ORGANISATIONAL MARGINALISATION VIS-À-VIS MALAY COMMUNITY IN UNESCO GEORGE TOWN WORLD HERITAGE SITE, PENANG, MALAYSIA

This study offers an analysis of organisations’ heritage-related Corporate Social Responsibility (CSR) projects with reference to the multi-ethnic communities in UNESCO George Town, Penang, Malaysia. The existing analysis towards the battles to promote and conserve the UNESCO heritage enclave’s tangible and intangible heritage properties have generally revolved around local, state, and federal-level organisations, neglecting the voices of marginalised ethnic groups. The marginalised ethnic group of concern is the Malay communities. The aims to be achieved are three-fold: (i) To examine the patterns of ethnic marginalisation occurring in the ethnic composition of the organisations, (ii) to explore the patterns of ethnic marginalisation occurring in heritage-related CSR projects of the organisations, and (iii) to develop the emergent typologies stemming from the patterns of ethnic marginalisation. 22 CSR executives participated in this study. The findings indicate four typologies of organisational marginalisation with reference to the Malay community in the heritage enclave.

Gaps between Stakeholders` Concerns and Mitigation Measures in ESIA Reports of Geothermal Energy Projects: A Case Study of Geothermal Energy Projects in Djibouti, Ethiopia and Kenya

Geothermal energy serves as a viable alternative to fossil fuels in developing countries, catering to electricity needs, supporting socio-economic development, and striving towards sustainable development goals. It also poses potential negative impacts on the environment and society. This study conducted a comparative analysis of mitigation measures and stakeholders' concerns across eight environmental and social impact assessment reports (ESIA) for geothermal energy development projects in Djibouti, Ethiopia, and Kenya. Mitchell's mitigation hierarchy guideline (1997) was used to examine the purpose of 708 proposed mitigation measures for eight environmental and nine social criteria extracted from the literature and then a deductive qualitative content analysis were used to categorize these measures according to 18 criteria collected from the literature. Additionally, using an inductive qualitative content analysis, the study analysed 680 stakeholders' concerns sourced from public participation materials in the ESIA reports, identifying four main thematic categories and twenty-two subcategories. Stakeholders expressed concerns predominantly about socio-economic (52%) and development matters (20%), while ESIA reports offered fewer social mitigation measures (28.7%) compared to environmental ones (71.3%). Nonetheless, a strong correlation between the environmental and social mitigation measures proposed for our 17 criteria demonstrates a higher proportion of measures in power plant construction projects. Despite this, communities voiced apprehensions about new involuntary resettlement plans, economic opportunities, and unrealized corporate social responsibility (CSR) projects. Furthermore, the study revealed that local communities complained about the adverse effects of previous geothermal development projects, including air, water, and soil pollution, impacting their health, crop production, and livestock. This research highlights the discrepancy between stakeholders' concerns and mitigation measures in ESIA reports, attributed to possible inadequacies in the conduct of social impact assessment and public participation, leading to misunderstandings regarding project impacts and benefits among local communities. To address these issues, this paper recommends a more comprehensive understanding of social aspects, the consideration of cumulative impacts from other geothermal projects in the same area, and transparent communication to avoid unrealistic or costly promises during the realization of ESIA reports for geothermal energy projects

Impact of Mandatory Corporate Social Responsibility on Beneficiary Institutions Satisfaction in Nepal

Corporate Social Responsibility (CSR) became mandatory legislation since 2016/17, in Nepal. The aim of this study is to determine the beneficiary institutions satisfaction from the companies CSR activities in Nepal. Descriptive and causal comparative research design was applied. For that, structured questionnaires were used among 400 registered beneficiary institutions. Mean, standard deviation, correlation and regression analysis were performed by using IBM SPSS 25 version software. The results of this study showed a significant positive correlation between corporate CSR initiatives and the satisfaction of beneficiary institutions in Nepal. Out of eight parameters, three variables make a statistically positively significant contribution (p-value<0.05) in beneficiary institutions satisfaction. The concern variables are company routinely visits the community through different CSR projects (BEN-CV). In case of any tear, wear, or depreciation in the community, assure the local company of their involvement (BEN-CI) and, companies conduct CSR programs for the uplifting community, from problems to prosperity (BEN-PP), whose beta value are 0.178, 0.171, and 0.373 respectively. Moreover, these days companies CSR program is more effective to the beneficiaries that play a meaningful role in society for nation’s sustainable development.

Comparative analysis of communication strategies in promoting csr programs: Pertamina vs Petronas

This research contrasts the digital strategic communication approaches employed by Pertamina (Indonesia) and Petronas (Malaysia), two prominent Southeast Asian oil and gas corporations, in disseminating their Corporate Social Responsibility (CSR) projects. As environmental concerns and climate change intensify, these companies have advanced significantly in sustainable development. Corporate social responsibility (CSR) is highly valued in modern society, particularly for oil and gas enterprises catering to regional energy demands. While Pertamina and Petronas fulfil national roles, they also confront global sustainability challenges. The methodology involves analysing the Instagram profiles of @pertamina and @petronas. The study employs qualitative content analysis to scrutinise visual rhetoric, engagement metrics, message framing, the frequency of CSR posts, and audience responses, including likes, comments, and shares. The results indicate distinct approaches by each company in utilising Instagram for their sustainability campaigns. Pertamina adopts straightforward communication techniques to elucidate its CSR initiatives, while Petronas employs storytelling to link business activities with societal issues. These insights could influence the digital communication strategies of other firms in CSR efforts. The study suggests that cultural relevance and societal significance can enhance stakeholder involvement on Instagram. It concludes that proficient digital strategic communications can mould public perceptions of a business's commitment to sustainability.

Business response to mandatory corporate social responsibility with evidence from India

AbstractThere has been a lot of discussion on the shift from voluntary to mandatory corporate social responsibility (CSR) and its impacts in different countries across the globe. India is unique in this context as the reporting and expenditure of a certain amount under CSR has been mandated for companies. This article analyzes the changes and responses of Indian businesses post‐2014, when new CSR rules were enacted. The key objectives of this study are to assess the level of awareness and compliance, thematic and geographical focus areas for CSR projects, and drivers and barriers to the adoption of mandatory CSR. We performed a secondary analysis of the data from 60 companies, followed by extensive primary research through in‐person interviews and offline questionnaire responses with 100 key CSR professionals from different companies in India. A key finding from the study is that the awareness of CSR policy and the pool of CSR funds has increased. The policy mandates have been a good driver in improving transparency and reporting quality. However, there is a predominant focus on four thematic areas of education, healthcare, hunger, and poverty alleviation despite the government's efforts to expand in other areas. The geographical spread of expenditure is limited to a few key industrial states in India, limiting CSR's contribution towards national development. The study adds to the CSR literature associated with institutional and stakeholder theories by looking at the response of legally bound organizations toward society and the environment. Finally, the study provides valuable information for governments and regulatory authorities considering the mandatory implementation of CSR expenditure across the globe.

Does institutional ownership affect corporate social responsibility? Evidence from China

This paper assesses the correlation between institutional ownership and corporate social responsibility (CSR). Our results indicate that institutional ownership is positively associated with firms' CSR scores, which is largely driven by pressure-resistant institutions rather than pressure-sensitive institutions. Moreover, we find that the positive association is stronger for firms with state-owned, poorer initial CSR performance, and located in regions with a higher level of marketization. Further analyses imply that the beneficial effect on CSR scores has a smaller with an increase in institutional ownership concentration, whereas the strength of corporate governance can alleviate the damaging influence of institutional ownership on CSR performance. Finally, we identify two potential mechanisms through which institutional ownership affects CSR projects: Financial constraints and analyst attention.

Corporate social responsibility in the enterprise development management

Purpose. The purpose of the research is to determine the content and the implementation peculiarities of corporate social responsibility (CSR) as a direction of an enterprise development. Results. The article determines that the ensuring of the enterprise development is an important component of its activity management in view of the necessity to provide its stable functioning and competitiveness in modern conditions. It was determined that one of the key directions of enterprise development is the implementation of corporate social responsibility concept in the functioning of economic entity. CSR is proposed to be understood as the concept of the functioning and development of the enterprise, which provides an opportunity to balance economic, social, ecological, and ethical aspects, thus contributing to the sustainable development of the business entity. The types and key aspects of CSR were investigated as well as factors of impact on CSR implementation in the enterprise activity. A set of tools contributing to the implementation of CSR in the enterprise activities were analyzed, in particular: the formation of the enterprise internal regulatory framework, risk management, innovation and investment activities, fundraising, project approach, communication. The experience of implementing corporate social responsibility projects on the example of trade networks of Ukraine was studied. The key directions for improving CSR management in the enterprise activities were identified. Scientific novelty. The scientific novelty of the research lies in the further development of the theoretical and methodical principles of the enterprise corporate social responsibility management. In particular, the methodical principles of management in terms of tool support for the implementation of CSR measures have gained further development. Practical value. The practical value of the research is defined by the role of CSR in the activity of the enterprise. In particular, it was determined that the implementation of the CSR concept forms a positive impact on financial and reputational indicators of enterprise activity, which defines the feasibility of integrating CSR into the management system of the business entity. The directions of improvement defined in the article form the trajectory of development in the field of CSR implementation for modern enterprises.

The Influence of Corporate Social Responsibility in Pakistan's Health Insurance Industry in Preserving a Sustainable Competitive Advantage

In Pakistan, health care system is vulnerable and under developing phase. Corporate social responsibility (CSR) activities influence the health insurance sector's competitiveness. This study attempts to investigate the connection between CSR practices and the long-term competitive advantage of Pakistani health insurance carriers. To create a lasting competitive advantage, it aims to pinpoint the precise CSR actions that significantly affect consumer perception, brand reputation, and market placement. The rising significance of CSR in business and its potential effects on the health insurance sector are the driving forces behind this study. Customers are drawn to businesses that show a commitment to ethical business practices as society's consciousness regarding environmental and social concerns rises. To get in-depth understanding of health insurance firms' CSR practices and attitudes, the study uses a qualitative technique. Interviews and focus groups have used to gather data and Thematic analysis has been used as an analysis tool. The themes obtained through thematic analysis are Initiatives to Promote Community Health, Sustainability in corporate sector and social impact, Healthcare accessibility and Affordability, Healthcare Sustainability Promotion, Collaboration and social engagement among corporate stakeholders. CHASS theoretical model has developed based on obtained factors. Future potential for the study includes offering vital information to health insurance firms on the best CSR projects to engage in, strengthening their competitive posture in the market.

Lack of a Dedicated Focus on Dalit in Corporate Social Responsibility Projects: A Qualitative Exploration of Mandated CSR in India

The concepts of caste discrimination and corporate social responsibility are not novel. They have existed for decades in social, political and academic discourses, albeit as separate concepts. Notably, how CSR engages with Dalit issues in India has not been explored, especially in mandated CSR. This article explores why corporates do not cater devoutly to the needs of Dalits in CSR projects. The article adopts a qualitative approach to interviewing participants from corporates, NGOs and external consultants from research and academic organizations. The author adopted the thematic analysis method and arrived at four major themes about the lack of a dedicated focus on Dalits in CSR projects. These are corporate boards’ caste-blindness, the design of CSR projects, the adoption of the umbrella target category—‘poor’ and the changing character of NGOs. These findings suggest larger structural issues with the way CSR projects are planned, designed and implemented, excluding the scheduled castes (SC). The findings underline a glaring gap and the need for corporates to understand the issues faced by SCs, resulting in inequality, poverty and socioeconomic exclusion. There is a crucial need for corporates to direct, design and implement their CSR projects with a dedicated focus on empowering the Dalit population.

Resource Nationalism and Community Benefits

Resource nationalism has been an area of interest among researchers and policy makers at local and global levels. This is triggered by the fact that governments and various stakeholders are interested in determining how natural resources benefit individual citizens in their countries. This paper draws from a study that investigated the role of resource nationalism in improving community benefits in Geita region, Tanzania. Data collection was conducted through questionnaire survey, focus group discussions, in-depth interviews and documentary review. Results from the study revealed that local community benefits in terms of revenue collections and projects being implemented have increased. For instance, in a period of four years (2017/18 to 2020/21) after the enactment of mining laws of 2017, a total of TZS663bn was collected as compared to TZS197bn collected for the same period before the enactment of the mining laws. As per the number of projects implemented through CSR, the results indicated that it increased from 15 in 2014/15 to 129 in 2020/21; covering sectors such as education, health, infrastructure and the empowerment of small and medium enterprises (SMEs). Furthermore, the paper reveals that there have been improvements in community participation as compared to previous years; and recommends more improvements in community participation and transparency in corporate social responsibility (CSR) projects to ensure its sustainability. It also recommends policy actions for setting the amount of CSR for mining companies to contribute

I act in an environmentally responsible fashion since my firm is socially responsible: A pathway for transition to a responsible society

Corporate social responsibility (CSR) and green culture are fields of ethical approaches that are established to contribute positively to business performance and reputation. Yet, it has to be seen if such practices nurture eco-responsible actions on the part of firm employees in their personal lives. This study uses the Operant Conditioning Theory (OCT) to inquire into whether or not green organizational culture (GOC) and CSR initiatives encourage eco-responsible behavior of workers (EERB) outside of the company's premises in society. The data collected from the public and commercial service and manufacturing firms in Turkey are analyzed using the structural equation modeling (SEM) method. It is found that employees of businesses committed to CSR and green practices actively follow eco-responsible practices in society. In addition, green-cultured businesses are more likely to engage in CSR projects, and CSR serves as an intervening factor between the GOC and the EERB. It is among the pioneer studies that postulate that the scope of social responsibility practices must be expanded from firms to individuals to achieve a sustainable society goal.

"A Comparative Study Of Spending Money By Public Sector Units (Psus) On Corporate Social Responsibility Projects: With Special Reference to Iocl & Bpcl at the Time of Covid"

"A Comparative Study Of Spending Money By Public Sector Units (Psus) On Corporate Social Responsibility Projects: With Special Reference to Iocl & Bpcl at the Time of Covid"

Role of Human Resource Professionals in Implementation of CSR Projects: Some Observations

Human resource professionals have a major role to play to help a company achieve its corporate social responsibility (CSR) objectives. They have the tools and the opportunity to leverage employee commitment to, and engagement in, the firm’s CSR strategy. Although HRM oversees employee-related aspects, CSR helped to develop socially responsible practices. CSR inspired HRM, key HR aspects, namely health–well-being, gender equality–diversity, work–life balance and training–development can be addressed from the CSR perspective. CSR can contribute to long term, sustainable HR solutions. Integrating CSR and HRM promotes responsible people practices. There is emerging evidence that if effectively implemented, CSR can have considerable impact in motivating, developing and retaining staff. People prefer to work for companies that make a difference; corporate values, infused with CSR, generate conscience. A strong employer brand aligned with employee values and concerns is becoming recognised as one of the best ways of retaining talent with employees proud to work for a business that is highly regarded. As management plays an important role in understanding and delivering on key CSR objectives, it is vital to make CSR an integral part of management training programmes. As CSR increasingly becomes part of the business agenda in future, it will become a natural agenda for the HR practitioner.

Market reaction to firms' investments in CSR projects

PurposeThe purpose of this paper is to determine the impact of corporate investments in corporate social responsibility (CSR), measured by the environmental, social and government (ESG) rating, on the market valuation of a firm's stocks and to explain the regional differences in the degree of this influence.Design/methodology/approachThe empirical study uses linear and non-linear panel regression models for a panel sample of 951 firms listed in Asia, North America and Europe operating in innovative industries.FindingsThe CSR score was found to be significant in terms of stock excess return on the regional level. However, this finding cannot be extrapolated to the global scale. ESG rating is priced by the European and North American markets negatively, while in the Asian market, it is positive. This penalty (negative influence) is greater than the reward for one point increase in ESG rating.Practical implicationsThe results of this empirical study could be used by firms' managers to adjust strategies aimed at stock value growth and by investors to select an investment strategy to maximize return.Originality/valueThe impact of investments in CSR on stock excess return over a defined benchmark is assessed. The study reveals regional differences in the impact of CSR investment using a sample of Asian, European and North American firms. The authors apply a more advanced lagged CSR performance (d.ESG) assessment based on the methodology of Zhang and Rajagopalan (2010).