CSR Business Research Articles

Why Being Good Matters: The Impact of CSR and Family Business Brand on Organizational Attractiveness

Why Being Good Matters: The Impact of CSR and Family Business Brand on Organizational Attractiveness

Behavioral Determinants of Business Continuity in Public Drinking Water Utilities (PDAM) in East Nusa Tenggara of Indonesia

The research pointed out the escalating challenges faced by the Indonesian Public Drinking Water Utilities (PDAMs) in ensuring water access, emphasizing the need for sustainable practices. The primary research problems are deliberately around understanding how CSR practices, corporate culture, and leadership styles impact business continuity in the context of water management utilities. The objective is to explore the relationships between CSR, corporate culture, leadership styles, and business continuity in PDAMs. The data were collected through structured self-administered questionnaires distributed to 100 employees of PDAM in East Nusa Tenggara of Indonesia, assessing their perceptions of CSR practices, corporate culture, leadership styles, and business continuity. The Likert-type scale responses were analyzed, revealing significant associations between these variables. Findings indicate that CSR initiatives positively contribute to business continuity, aligning with the leader's vision of community impact. The unique corporate culture, rooted in strong spiritual values, fosters a distinct work atmosphere and influences community habits. Additionally, a distinctive leadership style, treating employees as family, positively impacts employee attitude and business sustainability. While providing valuable insights, the study acknowledges limitations in generalizability and recommends further research for a comprehensive understanding of these dynamics.

기업의 부정적인 사건 발생시 CSR 활동과 소비자의 지각된 기업위선과의 관계에 관한 연구

This study examines the perception of corporate hypocrisy arising from corporate social responsibility activities and corporate crises. According to previous CSR studies, corporate social responsibility activities can mitigate negative evaluations from consumers that can occur in corporate crises. However, the positive image built through CSR activities can have a more negative impact depending on the type of company-related accident. In this case, consumers may feel a sense of betrayal and corporate hypocrisy towards the company, and it will have a negative impact on the company's CSR activities or business performance in the future. In this study, 4 scenarios were designed and studied to verify that there is a difference in perceived corporate hypocrisy depends on CSR activities and corporate crisis types. Result of this study are summarized as follows. First, corporate hypocrisy perceived by consumers was greater in criminal accidents than in corporate ability-type accidents in corporate crises. Second, corporate hypocrisy was greater when the type of CSR activity and the type of corporate crisis was congruent. Finally, this study shows that corporate hypocrisy has a negative effect on CSR authenticity and purchase intention. The findings suggest companies need to recognize the relationship between CSR activities and corporate crises and respond appropriately to negative reactions such as corporate hypocrisy. In this regard, theoretical and practical implications can be provided.

Rightsholder-Driven Remedy for Business-Related Human Rights Abuse: Case of the Fair Food Program

This paper investigates necessary conditions for developing a participatory, rightsholder-driven approach to remedy for business-related human rights abuses by analyzing findings from a case study with the Fair Food Program. With the inclusion of human rights into discussions of business ethics and CSR, scholars and practitioners have made calls for participatory approaches to remedy to address cases of human rights abuses. However, a gap remains in our understanding of how to operationalize participatory approaches in a manner that empowers rightsholders, particularly within contexts of severe power imbalances. The paper puts forth a rightsholder-driven theoretical framework for remedy, grounded on critical dialogic accountability principles and integrated with empirical analysis from the Fair Food Program case study. This framework defines remedy as a system comprising reinforcing aspects rather than standalone mechanisms. The critical dialogic accounting and accountability framework provides a theoretical framing of engagement that enables the inclusion of multiple, divergent voices and aims toward meaningful engagement with marginalized groups. The analysis of findings from the case study identifies enforcement and education as necessary conditions for effective and empowering rightsholder-driven approaches to remedy. The paper deconstructs these conditions to develop an understanding of the program’s unique approach to enforcement and education. The paper concludes by discussing the implications of rightsholder-driven remedy for Business and Human Rights and business accountability.

A Study on Significance of Business Ethics and CSR with Special Reference to Selected Manufacturing Companies

Businesses do run with morality. The world largely understands that the businesses are dependent on the transactional excellence however the business community has learnt the tough lesson of infusing morality into business. Ethics govern the businesses. Business ethics is the study of appropriate business policies and practices regarding potentially controversial subjects including corporate governance, insider trading, bribery, discrimination, corporate social responsibility, and compliance etc. The Principles of Business Ethic includes Honesty & Integrity, Trustworthiness, Loyalty, Transparency, Respect for Others and Law Abiding. These virtues further support the Organisations to meet their Social Responsibilities.
 This paper is an Exploratory & Descriptive study conducted with the help of massively secondary data and Primary Data in the form of Interview Method. The Authors have Interviewed 5 Industry representatives to collect the view points on the theme of the study. The Study aims to understand the significance of Business Ethics and CSR for Organizations. It further aims to review the existing literature pertaining to the Business Ethics and CSR. The Authors also aim to study the Business ethics and CSR perspectives with special reference to manufacturing sector. The scope of the study comprises of the thoughtful review of the Business Ethics and CSR. Also the study has the potential to be a literature for further studies in this regard. The Authors have considered the Business Ethics and CSR as a generalized study with specifics related to the selected Company representative Interviews. The Theme of the study may have various other elements associated. Hence this may be a limitation of the study as the inferences are indicative in nature rather exhaustive.

CORPORATE SOCIAL RESPONSIBILITY AS A TOOL FOR ENSURING SOCIO-ECONOMIC SECURITY AND SOCIAL INCLUSION

Considers the evolution of corporate social responsibility and the formation of the modern paradigm of its development. It was revealed that the modern paradigm of social corporate responsibility defines it as a managerial practice of improving business efficiency based on a balancing of profit and social welfare, an integral element of the organization's development strategy, a factor of its competitiveness and investment attractiveness. It is substantiated that corporate social responsibility is an ethical, legal, ecological, social, philanthropic context of the organization's functioning, which is reflected in long-term participation in CSR-projects that contribute to the improvement of social welfare and increasing the efficiency of sustainable development. The article considers the general trends in the development of modern CSR are: philanthropic support of small businesses, CSR is consistent with stakeholders' values (consumers, employees, managers, owners, investors, suppliers), development of volunteering for employees and virtual volunteering, development of social innovations, development of new approaches for evaluating the effectiveness of CSR-initiatives, development of green technologies, improvement of labour policy, improvement of the non-financial reports of CSR. It was determined that the development of corporate social responsibility will be determined by the digitalization of CSR-activities, the growth of employee engagement, the glocalization of the CSR business model, the full supply chain accountability, the inclusion of CSR in the crisis management system, CSR as a tool for ensuring social equality and social inclusion.

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

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

Analysis of CSR Disclosure, Earnings Persistency, Earnings Growth, and Business Size on Earnings Management with Institutional Ownership as a Moderating Variable (Case Study on LQ45 Companies Listed on the Indonesia Stock Exchange (IDX) 2016-2020)

Due to a lack of development, Indonesia’s border areas are often undeveloped. This research aims to determine the impact of CSR disclosure, earnings persistence, earnings growth, and business size as factors influencing earnings management in LQ45 companies listed on the Indonesia Stock Exchange (IDX) between 2016 and 2020. Multiple linear regression with SPSS 25 was employed to analyze the data. The findings disclosed that CSR disclosure, earnings persistence, and business size all impacted earnings management. However, earnings growth did not affect earnings management. Testing with the moderating variable revealed that CSR disclosure and business size, moderated by institutional ownership, influenced earnings management. Moreover, earnings persistence and earnings growth variables, moderated by institutional ownership, did not affect earnings management.

CSR Drivers and Business Benefits

CSR Drivers and Business Benefits

Strategic Development of International Corporate Social Responsibility in Agribusiness

Introduction. The identification of the interdependent development of society and business contributed to the introduction of corporate social responsibility in entrepreneurship as a guarantee of obtaining from its activity not only an economic effect but also the stimulation of social and environmental development. After all, the development of society requires constant changes in the consumption of various types of goods and services under the condition of a safe level of ecology and agriculture as the basis of food security in society, which necessitates the stimulation of productive activities of corporate social responsibility in agrarian business and its serving industries.
 Aim and tasks. The aim of the study is an analysis of the strategic development of international corporate social responsibility in agribusiness. The main tasks are: to investigate the modern strategic directions of the development of corporate social responsibility, focusing on agrarian businesses, to identify problems and find resources to overcome them.
 Results. Strategies for the development of corporate social responsibility in business are generally formed in relation to the goals and directions of the development of business activity and aim, as a final result, to increase the level of development of business activity, society, and preservation and protection of the environment. Social, ecological, economic, intra-economic, and external strategic directions of CSR influence have been identified, with implementation carried out directly by enterprise employees or with the assistance of interested participants, or "stakeholders." An analysis of CSR business strategies was carried out with the aim of forming the optimal option for obtaining mutual benefits for all interested parties. It was determined that the relevant strategies do not have permanence and need improvement, correction, and adaptation in accordance with evolutionary changes in the development of society.
 Conclusions. The process of implementing CSR in business has a long-term nature and requires determining the optimal relationship between the chosen areas of social responsibility development in combination with the economic activity of business structures. The main directions of CSR development in agribusiness are assistance and promotion of the development and motivation of labor personnel; introduction of waste-free economic production; maintenance of relationships with clients; brand distribution; and environmental protection. The international direction of CSR is oriented in the direction of "green activity," affecting the reduction of the level of poverty and inequality.

Business Agility and Competitive Advantage of SMEs in Makassar City, Indonesia

Corporate agility will encourage companies and economic enterprises to respond quickly to the dynamics of internal and external changes in the company. This study aims to analyze the effects of business innovation, CSR implementation, and digital transformation in improving business agility, with competitive advantage as a mediating variable. This study uses a quantitative approach with a survey method. Data were obtained through questionnaires distributed to 100 business units and SMEs as respondents in Makassar City. The results show that competitive advantage, digital transformation, and business innovation have a significant effect on business agility with a coefficient of determination of 72.4%, while CSR implementation and digital transformation have a negative correlation with SME business agility. Digital transformation, CSR implementation, and business innovation affect competitive advantage with a value of 53.9%, while digital transformation, CSR implementation, and business innovation affect business agility through corporate image. This study recommends the use of digital transformation and business innovation for small and medium enterprises (SMEs) to respond and adapt with business agility in Makassar City, Indonesia.

Does CEO tenure moderate the link between corporate social responsibility and business performance in small- and medium-sized enterprises?

This study investigates the effect of CSR activities on business performance of small- and medium-sized enterprises (SMEs) in South Korea setting. Based on upper echelons theory and stakeholder theory, the study further examines CEO tenure as a potential moderator between CSR activities and business performance. The study considers four dimensions of CSR (economic, legal, ethical, and philanthropic) and two types of business performance (financial and non-financial). To test the moderating effect of CEO tenure, we divided the sample into two groups: companies with short-term tenured CEOs and long-term tenured CEOs. The data were collected from 443 CEOs of SMEs in South Korea. We used a multi-group analysis with SmartPLS 4. The study finds that CEO tenure moderates the relationship between dimensions of CSR and business performance. More specifically, the study finds that CEOs in early-stage tenure focus on philanthropic activities to drive financial performance, while their counterparts focus on economic/legal dimension. CEOs, regardless of the length of tenure, consider the philanthropic dimension helpful for improving both financial and non-financial performance. This study expands prior research by examining the relationship between CSR and business performance in SMEs, considering the impact of the CEO tenure. The findings of this study make contributions to the literature by demonstrating that CEO tenure is an important factor in linking CSR to business performance. This research also adds evidence to the CSR literature that economic and legal dimensions are considered mandatory responsibilities, and CEOs of SMEs view them as interconnected. For practical implications, this study identifies different predictors of financial performance for companies with short-term vs. long-term CEO tenure. Short-term CEOs focus on philanthropy to improve financial performance, and both long- and short-term CEOs believe that philanthropy affects the company's financial and non-financial performance.

Business Tax reform and CSR engagement: Evidence from China

This study investigates the impacts of tax incentives on firms' CSR engagement. Using the staggered Business Tax reform in China as exogenous shocks, our difference-in-differences estimation shows that tax incentives facilitate firms' CSR disclosure, and a plausible mechanism is the released financial burden. The result remains valid under a battery of robustness checks and is more pronounced for state-owned firms, firms with tighter political connections, firms with transparent information and firms locate in areas with higher degree of social trust. The study provides clear policy implications by elaborating on the favorable impacts of tax incentives on firms' CSR performance.

Impact or Outputs? Exploring Multinational’s CSR Activities in Mexico

This article aims to explore how multinationals measure CSR activities in Mexico and their alignment with core business activities and Sustainable Development Goals (SDGs). Through a qualitative approach and an exploratory methodology, based on 15 semi-structured interviews with CSR and sustainability managers, the results suggest that multinationals in this sample focus on outputs rather than on impact. Two reasons provided by the interviewees are as follows: (1) impact measurement does not carry any punishment or social reward, so corporations do not have much interest in measuring it; and (2) some corporations do not know how to measure CSR impact, so they usually report outputs in their sustainability reports. The results also suggest a disconnection between CSR and core business activities. Finally, multinationals recognise SDGs as a paramount guide to address the world’s more urgent problems and are starting to link their CSR initiatives to particular goals. However, such efforts are still incipient and mostly mean connecting CSR initiatives and specific SDGs in their sustainability reports.

Analysis of the Relationship between Corporate CSR Investment and Business Performance Using ESG Index—The Use-Case of Korean Companies

ESG management has become the most prominent topic this year as the worldwide business environment of companies changes. ESG management is not an option to raise a company’s reputation but a factor that significantly affects corporate sustainability and corporate value in the long run as well as can be seen as an essential requirement for a company’s survival. As this trend is essential in evaluating corporate sustainability, ESG management is an inevitable global issue. This study aims to develop an index for ESG, a key indicator of corporate sustainability, targeting 49 companies that issue ‘sustainability reports’ among the top 150 asset-ranked companies. In addition, companies were divided into high and low groups based on the ESG index, and each group attempted to study the effect of economic responsibility among corporate social responsibility on financial performance. As a result, out of 49 companies, the high group was divided into 17 companies, and the low group was split into 14 companies. It was found that only the low group had a significantly positive (+) effect on the relationship between corporate economic responsibility and financial performance. This study can be used as a reference data for ESG research by developing an ESG index related to corporate sustainability. It is meaningful to confirm the management paradigm for corporate social responsibility and the importance of financial performance through comparison.

Impact of business ethics and CSR on societal welfare: the case of BP oil spill

The blast of the BP-rented Deepwater Skyline and ensuing oil slick stand as a prosecution not simply of our public energy needs and ecological policing; similarly address a disappointment of Somewhat English American corporate regulation and what passes for corporate social obligation in business today. Involving BP and the catastrophe as a convincing contextual analysis, this Article looks at green promoting and corporate administration and recognizes components of every that urge firms to connect just cursorily in corporate social obligation yet trumpet those endeavors to enthusiastic purchasers and financial backers. This Article then proposes changes and assurances intended to increment corporate social obligation, root out greenwashing, and perceive risk for corporate social obligation fakes on shoppers and financial backers. One of these securities gets from the recently ordered Dodd-Straight to the point Act, whose Department of Purchaser Monetary Security could assume a main part in policing fake cases of corporate social obligation.

THE PERCEPTION OF SMES BANKRUPTCY CONCERNING CSR IMPLEMENTATION

This study aims to evaluate the perception of bankruptcy by small and medium-sized enterprises from the V4 region. CSR implementation in business activities was selected as the comparison criterion. The research paper is based on a questionnaire survey of 1585 respondents. The data were collected from September 2019 to January 2020. The research hypotheses were evaluated using the χ-quadrat test and Z-score statistical methods. Differences between the enterprises which implemented CSR in business and other companies were found. The research focused on bankruptcy perception as a natural part of the business and as a valuable experience for future company development. Entrepreneur failure and self-confidence showed that V4 SMEs with implemented CSR are less likely to go bankrupt if adverse economic developments occur. However, less than 50% of entrepreneurs consider bankruptcy as a valuable experience for further business. The majority of managers who have experience with CSR implementation positively differed in their opinions versus those without this experience. In general, V4 entrepreneurs who implemented CSR have a more positive perception of bankruptcy questions. The results may be interesting for those who promote or implement CSR in the focused countries. Our findings can be helpful for entrepreneurs to consider the benefits of being socially responsible in the working environment conception.

Corporate social responsibility in international business literature: results from text data mining of the Journal of International Business Studies

Corporate social responsibility has been an important theme in management at least since the 1960s. International business became a recognized subfield in management around the same time. Logically, there might have been much dialogue about corporate social responsibility in international business research and publication, yet previous reviews of the literature indicate relatively little such research. This study complements previous literature reviews by employing text data mining to analyze a sample of 1188 articles published from 2000 to 2018 in the Journal of International Business Studies (JIBS). Results show that from 2000 to 2018 only 35 CSR focused articles appeared. CSR research has increased over time, highly influenced by editorial specification of special issues. These documents can be grouped into seven CSR topics, with corruption and embeddedness being the most salient. Strategies are suggested for increasing research on CSR in international business.

Are trade unions a stakeholder in corporate social responsibility? An empirical study

Trade unions and CSR are two of the self-regulating outcomes of the exploitative intentions of for-profit corporations and business climate. These exploitative intentions have increasingly affected these organisations' social and environmental sustainability and have also brought them in negative limelight, which has harmed their social image and reputation. Its impacts are seen in further repulsion of external stakeholders and investors from these firms. To avoid falling in this rabbit hole of unsustainability and repulsion, many organizations have started looking for strategies to achieve a socially sustainable image. This study investigates whether higher levels of trade union representation can influence employee friendliness, natural resource use, and social controversies. Drawing from the existing literature on CSR, it also investigates the impact of management effectiveness and shareholders effectiveness on these constructs of CSR and social sustainability. It also further extend these relationships to explore their association with business ethics and CSR reporting. The results of the study demonstrate trade unions as a strategic resource in CSR and sustainability, along with management effectiveness and propose a further exploration of a collective framework between them to enhance environmental and social sustainability.

Development of corporate social responsibility in Kazakhstan

The purpose of the study is to determine the model of corporate social responsibility in Kazakhstan, as well as to identify problems and development prospects based on the analysis of the promotion of its ideas.Methodology. To determine trends in the development of corporate social responsibility in Kazakhstan, the following approaches have been applied: systemic, dialectical, comparative, territorial-evaluative. The variety of methods is combined into groups: description, comparison, economic and statistical methods, correlation analysis, generalization, other methods and techniques.Originality / value of the research. The article discusses the features of promoting the principles of corporate social responsibility (hereinafter - CSR) in the Republic of Kazakhstan. All components of promoting CSR principles in Kazakhstan are considered as a single system, which defines the conceptual framework, stakeholders in the development of CSR, as well as legal support for its development in the country. The authors characterize the Kazakhstani CSR model of large business and provide examples of the practical implementation of its principles at the present stage. Social investment of subsoil user companies in the territory of their presence in Pavlodar region is analyzed. The considered social investment was carried out within the framework of memorandums of mutual cooperation with local executive authorities.Findings. Based on the study, the authors formulated conclusions about the state of development of CSR business in Kazakhstan.