Corporate Social Responsibility Value Research Articles

Innovative instruments for increasing the efficiency of human resources management of IT-companies

The mechanism of improving the efficiency of human resources management at IT-companies updates the implementation of innovative management tools in the processes of hiring, developing, and evaluating their employees. The goal of the work is to deepen the theoretical and conceptual foundations of the effectiveness of HR management at IT-companies in the social and labor context and to develop scientific and applied recommendations regarding the mechanism of its enhancement in the conditions of formation of a new economy. Measures outlined in the paper to apply the competency approach, to introduce the talent management algorithm on a systematic basis, and to develop the system of key performance indicators should be considered as a component of scientific and practical recommendations for improving the efficiency of human resources management in IT enterprises in the social and labor dimension. In order to improve the efficiency of human resources management at IT enterprises, it is necessary to develop and introduce a perfect mechanism as a systemic integrity of economic, social, and organizational processes of creating preconditions for innovative development of the enterprise as a benefit for the employer and decent work as a benefit for the employees. The scientific platform of the theoretical and applied construct of such a mechanism should be the managerial paradigm of harmonization of social and labor relations, and its internal architectonics should be formed in compliance with the values of corporate social responsibility and contain innovative tools in the format of the goals and results management system in contrast to the functions management system. On the basis of understanding of the essence and regulatory consolidation of competencies as the ability of a person to perform a certain type of activity, the model of functional and behavioral competencies of the IT project manager is developed, the trajectory of development of talents in the field of computer programming is given, the methodological basis of construction and the algorithm of development of the key system are developed and performance indicators are implemented.

Understanding of Economic Student on the Relationship between Green Supply Chain Management and Sustainability

Purpose: This research collects primary data on how well economic students at colleges in Can Tho, Vietnam comprehend how green supply chain management (GSCM) affects sustainability performance. Methodology: This research examines five GSCM factors—internal environmental management, green procurement, green manufacturing, green distribution, and environmental education—and three sustainability performance characteristics (economic, environmental, and social performance). Exploratory trials and a literature review on GSCM and sustainability performance lead to this model. Using a questionnaire, 534 participants provided primary data. Based on a structural equation model, SPSS and AMOS 22.0 analysed the data quantitatively and descriptively (SEM). Findings: GSCM affects sustainability performance differently. Green procurement affects economic, environmental, and social performance. Internal environmental management impacts environmental and social performance. Environmental education affects solely social performance. Green production and distribution do not affect sustainability. The results showed that universities must prioritise five areas—internal environmental management, green procurement, green production, green distribution, and environmental education—for the long-term development of the economy, environment, and society. Originality/Value: GSCM's impact on sustainability performance has been studied, however economic scholars don't know how it affects a company's sustainability. Economics majors will become entrepreneurs who grasp their role in company and economic progress. Economic students must understand the value of corporate social responsibility, community involvement, and environmentally responsible production to help firms, communities, and ecosystems succeed. Keywords: Economic student, green supply chain management, sustainability.

Government Corruption and Corporate Social Responsibility: An Instrumental Perspective

This study examines the relationship between government corruption and corporate social responsibility (CSR). While existing research in CSR has suggested that reduced moral incentive is a key reason for firms’ low CSR engagement in regions with high government corruption, we postulate that government corruption in the region where a firm is headquartered also decreases its instrumental motivation to engage in CSR. The instrumental value of CSR will significantly decrease due to the diminished returns, which come from decreased stakeholder reciprocation and increased risk of becoming a rent-seeking target of corrupt officials. We furthermore suggest that the negative effect of government corruption on CSR may change depending on the levels of firm political risk, financial performance, and firm sales to government, which alter the returns of CSR. The findings, based on a sample of publicly listed US firms and political corruption data from the US Department of Justice during the 2003 through 2013 period, support our arguments. Our study contributes to CSR literature by highlighting and testing the instrumental perspective to examine the influence of government corruption on CSR.

Whether organizational citizenship behavior is triggered by employee CSR perception and spiritual values: the moderating role of Islamic work ethics

PurposeThe study aims to inspect the impact of employees’ perception of corporate social responsibility (CSR) and their spiritual values on their affective commitment and job satisfaction, which in turn may promote organizational citizenship behavior. Furthermore, this study examines the moderating effect of Islamic work ethics to identify whether they strengthen or weaken the proposed associations.Design/methodology/approachA survey instrument was devised to collect data from employees. The statistical analysis of the data was conducted using the Smart PLS software. Additionally, the research uses the “Partial Least Square-Structural Equation Modelling (PLS-SEM)” technique.FindingsThe findings of the study suggest that employees’ perception of CSR exhibits a positive association with affective commitment and job satisfaction. Likewise, employees’ spiritual values demonstrate a positive and significant correlation with affective commitment and job satisfaction. Finally, the outcomes reveal that affective commitment and job satisfaction play a major role in fostering organizational citizenship behavior. Moreover, Islamic work ethics positively and significantly moderate the relationship between employee CSR perception and affective commitment and between employee CSR perception and job satisfaction.Originality/valueThis research study endeavors to fill the gaps in the current literature by investigating two crucial aspects of employees: their perception of CSR and spiritual values. Additionally, the study includes Islamic work ethics as a moderator to provide a more comprehensive understanding of how these factors contribute to fostering organizational citizenship behavior. This work highlights the significance of spiritual values and social responsibilities in employees’ lives and how Islamic work ethics shape their behavior accordingly.

Corporate social responsibility, brand value and corporate governance: new evidence from a 3SLS model

Purpose Taking a dynamic endogenous perspective, this study aims to examine neglected endogeneity issues in the relationship between corporate social responsibility (CSR) and brand value and the relationship’s moderation by corporate governance. Design/methodology/approach The study uses the three-stage least squares (3SLS) method on 990 samples of the 110 most valuable listed companies published by the World Brand Lab for 2013–2021 to empirically test the two-way interactive endogenous relationship between CSR and brand value. Findings The findings reveal that increasing investment in CSR increases brand value in the current period, which prompts companies to reduce investment in social responsibility, resulting in a decline in future brand value. Concerning the moderating effect of corporate governance variables, the size of the board of directors and the board’s proportion of independent directors positively regulate the relationship between CSR and brand value. By contrast, the proportion of executive shareholdings has a negative impact. Originality/value This study’s findings complement previous studies on endogeneity in the relationship between CSR and brand value, and enrich the literature on corporate governance, CSR and brand value as a whole. In addition, the study uses the 3SLS method, which avoids endogeneity problems and eliminates the one-sidedness of the subjective selection of instrumental variables.

The Effect of CSR on Buyback Decisions with Brand Image Mediation and Credibilitys Merek: Case of Wardah Halal Cosmetics in Indonesia

Corporate social responsibility (CSR) is becoming one of the most critical challenges, where companies need to survive in an increasingly competitive business world. Therefore, the research conducted in this study is an investigation effort on the impact of customer CSR perception on repeat purchase intent, mediated by brand image and brand credibility, with the aim of uncovering the benefits of CSR values that have been applied within the company. This study used a purely quantitative approach, in collecting data on 290 people with female gender who had become customers of Wardah halal cosmetics, using questionnaires through online surveys. Smart PLS-SEM 4.0 software is used to analyze data. The results showed that perceptions from customers showed that the CSR activities produced by the company did not directly have a significant effect on the decision to repurchase its products. However, CSR significantly has a direct influence on its mediation variables, namely: (1) Brand Image; and (2) Brand Credibility. The results obtained provide an important reference for the academic world in terms of conducting empirical research on this subject, as well as benefits for marketers and company managers who want to develop their marketing strategies using CSR elements for the expected improvement of sustainable business development.

Has corporate involvement in government-initiated corporate social responsibility activities increased corporate value?—Evidence from China’s Targeted Poverty Alleviation

Poverty remains the biggest challenge facing the world today. In 2016, the Chinese government launched a national campaign to eradicate poverty by 2020, among which Chinese listed companies have made significant contributions to. This paper focuses on the targeted poverty alleviation (TPA) and investigates the relationship between corporate participation in TPA and its corporate value. As compared to firm’s own corporate social responsibility (CSR) initiatives, participating in government-initiated CSR activities can better enhance corporate value. This is especially so when firms engage in penetrative “integrated poverty alleviation” rather than the direct approach of “donative poverty alleviation”. This paper adopts the Mediating Effect Model to explain the relationship between corporate participation in TPA and their corporate value, with the shareholding ratio of institutional investors, government subsidies and corporate reputation as mediating factors. Findings suggest that corporations’ active implementation of TPA actions can increase the shareholding ratio of institutional investors and government subsidies and improve corporate reputation, thereby significantly increasing their corporate value. However, the impact of participation in TPA on corporate value is limited by factors including the nature of property rights, the intensity of competition in the industry and the degree of marketization. The impact is generally more significant in state-owned enterprises, areas with lesser industry competition and higher marketization. This study provides a fresh perspective for theories related to CSR, poverty eradication and corporate value of listed companies.

SUPPLY CHAIN MANAGEMENT CONTRIBUTION TO ORGANISATIONAL SUSTAINABILITY

Sustainability is an element that is increasingly considered within the organisation. Therefore, the aim of this scientific article is to explore the contributions of supply chain management (SCM) to organisational sustainability. The study was based on a closed-ended question distributed to strategic managers from eleven business sectors, and the answers to this question were selected according to our objectives and grouped to generate six questions that were applied through a questionnaire to a total of 220 companies from the three economic sectors, companies that have implemented sustainable SCM practices. The main findings from the descriptive analysis used for the data show that sustainability practices integrated into SCM, such as sustainable sourcing, green design, and supply chain loop. Improving relationships with suppliers and customers by promoting closed-loop corporate social responsibility (CSR) values has a positive impact on organisational sustainability. These practices reduce environmental impact, improve financial performance, enhance reputation, and increase stakeholder satisfaction. The main conclusion of this study is that the adoption of sustainable SCM practices is critical to organisational sustainability. Organisations must prioritise sustainability in their SCM decisions to ensure their long-term success.

Intellectual Capital and Corporate Social Responsibility on Stock Returns

This study aimed to determine the effect of intellectual capital and corporate social responsibility on stock returns in manufacturing companies listed on the Indonesia Stock Exchange. The type of data used in this study is quantitative data in the form of values or numbers obtained from financial reports. The source of data in this research is secondary data. The population in this study were all manufacturing companies listed on the Indonesia Stock Exchange, totaling 17 companies. Using a purposive sampling method, the total sample in this study is 51 data from 17 companies. The data in this study will be tested with several stages of testing, namely descriptive statistical tests, classic assumption tests (normality test, heteroscedasticity test, multicollinearity test), and testing of all hypotheses through the partial test (t test), simultaneous test and coefficient test determination. The results of this study indicate that intellectual capital and corporate social responsibility have a positive and significant effect on stock returns in manufacturing companies listed on the Indonesia Stock Exchange (IDX). This means that the increasing value of intellectual capital and corporate social responsibility, the stock return will also increase.

Profitabilitas, Ukuran Perusahaan, Pengungkapan Corporate Social Responsibility dan Nilai Perusahaan

Firm value is an important indicator for investors as a consideration for investment decisions. The research aims to obtain empirical evidence of the effect of profitability, firm size and disclosure of corporate social responsibility on firm value. This research was conducted on various industrial sector companies listed on the Indonesia Stock Exchange. The sample was determined using a purposive sampling method of 69 observations. The collected data were analyzed by multiple linear regression. The results of the study explained that profitability has a positive effect on firm value, firm size has a negative effect on firm value and disclosure of corporate social responsibility has no effect on firm value. The research results are able to support signal theory and agency theory and can provide information to investors in making investment decisions by linking them to firm value.
 Keywords: Profitability; Firm Size; Corporate Social Responsibility Disclosure; Firm Value.

How improved understanding of what constitutes “value” may lead to better underpinning of corporate social responsibility (CSR)

PurposeThe aim of this conceptual paper, predicated on a hermeneutic literature review, is to improve understanding of the nature of value continues to be extensively studied with its ability to create competitive advantage. Understanding what constitutes value improves corporate social responsibility (CSR) comprehension, including managerial CSR values. This paper aligns with studies into value and/or CSR, whether hermeneutic or otherwise.Design/methodology/approachThis study provides a reflexively critical understanding of the value literature. It focuses on the “identifying” stage of a hermeneutic circle (identifying central terms, core journals and seminal authors). A hermeneutic helix is proposed to better reflect the need of constant re-interpretation of the relevant literature.FindingsThemes include value location (value in exchange, value in use, value in meaning and value in context); architecture (pathways, constellations and networks); creation versus determination; and value types.Research limitations/implicationsThis paper neither seeks to define value nor delve into the overarching value discourses. It does, however, refer to the antecedents for these areas. As a hermeneutic literature review, it lacks empirical testing.Practical implicationsCSR practices are strongly influenced by personal values. Hence, CSR practitioners must identify the processes involved and differentiate between the sought value and value types.Social implicationsThe paper could engender better understanding gaps between stakeholder attitudes and practices, i.e. consumers self-identifying as “green” may not engage in ecologically sound practices. As discussed herein, the value sought by university students influences where (and what) to study.Originality/valueOutdated notions such as value propositions are widely used; value may be proposed; however, only stakeholders can take value. What constitutes value is under-represented in the CSR literature. Hence, terms such as value and values (i.e. value types) are incorrectly used interchangeably.

Attunement theory, CEO's cyclical influence on corporate social responsibility and firm value

PurposeThis paper aims to further contribute to the growing stream of literature on the CEO's impact on corporate social responsibility (CSR). The authors shed light on the implications of attunement theory on which relatively less research has been done. Furthermore, this paper strives to reconcile contradictory findings of the effect of CEO tenure on CSR and use the immediate changes of CSR enacted by the new CEO upon firm value.Design/methodology/approachThe empirical strategy of the paper is centered around CEO transition. Applying first difference model, the authors identify a tenure-varying pattern of CEO influence on CSR. Moreover, the authors base the analyses of CSR value relevance on the sudden change of CSR during CEO transition, and use a within-industry matching approach as the inferential strategy. Manual data collection is conducted extensively for robustness checks.FindingsThe authors find that CSR activities change drastically at the beginning of the new CEO's ascendancy. One exception to this general pattern of CSR policy change is when the new CEO is brought from outside the organization, a result supporting the attunement theory. The authors find that firm value increases (decreases) when the new CEO increases (decreases) the CSR investment above (below) the industry norm.Originality/valueThis paper is among the first ones in the extant literature that directly examines the analytical implications of attunement theory concerning the CEO's impact on the firm's CSR policies. Furthermore, the positive association between CSR and firm value corroborates the arguments of instrumental stakeholder theory.

Opportunity costs and the value of corporate social responsibility: evidence from firm dividend policy

ABSTRACT Theories of CSR value under a real-option framework suggest that the payment of dividends serves as an opportunity cost. One of the resulting predictions is that the value of CSR spending is lower for dividend paying firms. We examine this prediction empirically. While we find that CSR is positively related to firm value for both dividend payers and non-payers, CSR is roughly 50% less valuable to dividend payers than non-dividend payers.

Do shareholders punish or reward excessive CSR engagement? Moderating effect of cash flow and firm growth

Although extensive past research has studied the connection between corporate social responsibility (CSR) and firm value, it has rarely discriminated between optimal and excessive CSR. Thus, we addressed this issue by examining whether shareholders punish or reward excessive CSR engagement through the moderating effect of cash flow and firm growth. We applied country–industry–year fixed-effects (FE) regression to a cross-country sample of 43,803 firm-year observations between 2002 and 2019. The findings show that while both optimal and excessive CSR increase firm value, optimal CSR has greater value relevance than excessive CSR for shareholders. However, although cash flow positively moderates the relationship between optimal and excessive CSR and firm value, firm growth negatively moderates this relationship. The findings are robust regarding alternative CSR proxies, industry-adjusted firm value measures, public governance indicators, and endogeneity concerns.

Developing a measurement scale of corporate socially responsible entrepreneurship in sustainable management

Two important lines of research come together in this paper: entrepreneurship and corporate social responsibility (CSR). Both stand out for their ability to contribute to sustainable development and generate competitive and social advantages. This study combined both approaches under the concept of CSR entrepreneurship (CSRE). A scale was developed to assess corporate socially responsible entrepreneurs’ traits in corporate contexts (i.e., CSRE-s). This quantitative measurement instrument was initially composed of 84 items, which were subjected to various validity and reliability tests. Exploratory factor and confirmatory factor analyses were conducted to identify the most significant determinant variables of individuals engaging in CSRE. The validated CSRE-s indicates that the corporate socially responsible entrepreneurship construct involves 6 entrepreneurship factors and 3 CSR dimensions—environmental, social, and economic—with 2 factors each (i.e., 6 factors), assessed by a total of 76 items. This research’s main contribution is the identification of CSRE features in entrepreneurs that together constitute an original, unique, and innovative framework for a sustainable development approach to entrepreneurship. The proposed conceptual model can be used to ensure the CSR values validated for the CSRE-s are incorporated into entrepreneurial training programs (i.e., universities), the public sector’s policies promoting entrepreneurship, and strategic business plans for expansion via entrepreneurship. The CSRE-s can be used to strengthen these three areas simultaneously, which should provide social advantages to all stakeholders via the sustainable management of entrepreneurial projects.

The Moderating Effect of a Golden Parachute on the Association between CSR and Firm Value: Does Gender-Driven Innovation Matter?

We revisit the debate on whether a firm’s corporate social responsibility (CSR) activities enhance firm value. Research on related topics has produced mixed results suggesting a need to further investigate factors that directly or indirectly impact the CSR–firm value association. To this end, we examine if a firm’s adoption of a golden parachute (GP) moderates the relationship between CSR and firm value. We also investigate if diversity-based innovation as it pertains to the gender of executives reveals any difference in the CSR–firm value relation. Using a sample of 11,065 firm-year observations of publicly traded US firms from 2007 to 2016, we find that CSR activities are significantly and positively associated with firm value. More importantly, our study shows that for US firms that issue GPs, this severance pay strengthens this positive relationship, suggesting that CEOs with a GP engage in more value-enhancing innovative CSR projects than their counterparts without it. This finding supports the conflict resolution theory and the resource-based view of the firm. A test to examine if the gender of the corporate executives alters their behavior towards CSR when the GP protects them shows an inverse relationship between female executives and CSR–firm value association. This interesting finding lends credence to related theories suggesting that women in male-dominated fields may feel pressured to conform to the stereotype of women as less competent than men and may adopt traditionally masculine behaviors to counteract this stereotype. As they climb the corporate leadership ladder endowed with a GP, the stereotype threat may still prevail, adversely affecting the CSR–firm value outcomes. These results remain robust after a series of sensitivity tests.

The Impact of Value Cocreation on CSR Innovation and Economic Performance

Based on the resource-based view (RBV) and value cocreation theories, this study investigated how supplier value cocreation, intracompany value cocreation, and customer value cocreation influence corporate social responsibility (CSR) innovation and economic performance. We collected data from 200 manufacturers to test the proposed relationships. The results showed that value cocreation had different positive impacts on CSR; intracompany value cocreation had the greatest impact, followed by customer and supplier value cocreation. CSR did not have a significant positive effect on economic performance. Companies’ innovation capacities completely mediated the relationship between CSR and economic performance. The findings of the analysis have theoretical and practical implications. Theoretically, this study broadens the research scope on CSR innovation and value cocreation. Practically, it helps companies realize that by sharing information, establishing cooperative relations, and conducting interactions with stakeholders, which can promote the implementation of CSR innovation practices, economic performance can be improved.

CSR and firm value: is CSR valuable during the COVID 19 crisis in the French market?

This study examines the impact of the COVID-19 outbreak on the French stock market and investigates whether companies with a commitment to corporate social responsibility (CSR) were less affected. Examining a sample consisting of 464 French firms, we separate firms that have implemented CSR activities around the event period (considered as active CSR adopters) from CSR-adopters (firms that did not indulge in CSR activities around that period) and non-CSR adopters. The empirical results indicate that active CSR adopters were less affected as some positive returns have been observed around the event date, indicating that their stock prices were relatively resistant to the crisis. The multivariate analysis shows that the French market reacted significantly to CSR strategy and that active CSR adopters are the least affected.

The Relationship between Corporate Social Responsibility and Firm Value of Chinese Firms: Exploring from Degree of Internationalization.

The purpose of this paper is to explore the relationship between corporate social responsibility (CSR) and firm value in the Chinese market and identify factors that may influence it. We discuss the relationship between CSR engagement in Chinese firms and firm value from a nonlinear perspective. In addition, we examine how the degree of internationalization in a firm may affect the relationship between CSR and firm value. We employ the Hausman test to compare a random-effects and a fixed-effects model, and after testing and comparison, the fixed-effects model was chosen in our paper. Using data from 314 firms listed in China's A-shares market from 2010 to 2017, we verify the U-shaped relationship between CSR and firm value. Meanwhile, the degree of internationalization will affect firm value but cannot positively regulate the relationship between corporate social responsibility and firm value.

Socially responsible human resources management and stakeholders’ Health Promotion: A conceptual paper

The prime objective of this paper is to propose a new conceptual framework for how integrating corporate social responsibility (CSR) and human resources management (HRM) can impact on stakeholders’ health and wellbeing. The proposed framework argues that integrative socially responsible HRM (SR-HRM) policies coupled with public health literacy and integrative responsible leadership can play a significant role in shaping health behaviour change of internal stakeholders, which in turn can spill over to external stakeholders (family and proximate communities). From a health promotion and population health perspective, we see human resources (HR) as a leading partner in educating employees on the value of CSR and public health literacy programmes, and also as providing action plans on how to strategically and successfully implement these types of programmes. By helping to develop action plans to analyse CRS and public health literacy activities, HR professionals will be promoting both corporate citizenship and health behaviour change. Both of these are vital for developing a culture of social responsibility (and achieving the triple bottom line (TBL)) and sustainable population health promotion. Henceforth, SR-HRM policies and practices could help business organizations to contribute to the achievement of the United Nations’ Sustainable Development Goals (SDGs) and specifically Goals 3 and 8. This novel framework, which is especially pertinent to public health, has not yet been tested empirically. Hence, future studies are warranted to empirically test the theoretical framework using field data collection.