Definition Of Corporate Social Responsibility Research Articles

PENGARUH KEPEMILIKAN MANAJERIAL DAN KEBIJAKAN HUTANG TERHADAP PENGUNGKAPAN CORPORATE SOCIAL RESPONSIBILITY (CSR) (Studi Empiris Pada Perusahaan Manufaktur Sektor Konsumsi Sub-Sektor Pengolahan Makanan Yang Terdaftar di Bursa Efek Indonesia Tahun 2017-2021

The definition of Corporate Social Responsibility can be seen in Law number 40 of 2007 concerning Limited Liability Companies (UUPT) article 1 paragraph 3 states that social and environmental responsibility is the company's commitment to participate in sustainable economic development in order to improve the quality of life and a beneficial environment, both for the company itself, the local community and society in general. CSR emerged as a result of the modernization of society which already understands that activities carried out by companies can have a negative impact on the environment. Moreover, this is very close to the activities carried out by manufacturing companies because manufacturing companies are the companies that interact the most with the public. Factors that influence CSR disclosure in this research are managerial ownership and debt policy. This type of research uses quantitative research using secondary data in the form of company annual reports taken from the non-cyclical consumer sector, food processing subsector listed on the Indonesia Stock Exchange for the period 2017 to 2021. The sampling method uses purposive sampling. From the research results, it is proven that managerial ownership does not influence CSR disclosure and conversely debt policy influences CSR disclosure. Meanwhile, simultaneously, managerial ownership together with debt policy influence CSR disclosure.

Demystifying the use of corporate social responsibility terminology in the investment context

Orientation: Interest in corporate social responsibility (CSR) is escalating in the 21st century. Globally, companies are increasingly attempting to enhance their reporting on sustainability concerns, given that terminology can noticeably affect the attitudes and behaviours of investors and other key stakeholders.Research purpose: A growing number of responsible investors incorporate sustainability considerations when making investment decisions. Therefore, it is important to determine the relevant CSR definitions and dimensions based on the breadth of existing research on CSR in the investment context.Motivation for the study: As investors incorporate companies’ reporting on a range of financial and sustainability performance metrics when making investment decisions, it is necessary to clarify sustainability-related terminology from an investor perspective.Research approach/design and method: A systematic literature review was performed to explore sustainability terminology in the investment context with a particular focus on CSR. Content and thematic analyses were conducted on 94 articles.Main findings: The findings confirm that although concepts such as sustainability and corporate citizenship have been used interchangeably with CSR by previous scholars, referral to CSR has remained relevant in the investment context. Eight key dimensions were identified to describe CSR in an investment context, namely, social concerns, stakeholders, economic factors, environment, action, voluntarism, ethics, and sustainability.Practical/managerial implications: The identification of context-specific CSR dimensions provides a foundation for developing CSR measurement tools for investors and corporate decision makers.Contribution/value-add: Eight core dimensions of CSR were identified and combined in a comprehensive, context-specific definition applicable to the investment context.

The Impact of Corporate Social Responsibility on Brand Awareness of Telecommunication Industry in Ghana

Background: Corporate Social Responsibility (CSR) has attracted a lot of attention from academics and CSR practitioners over the years. But there is no universally accepted definition of the term CSR. Aim: This paper examines the impact of corporate social responsibility (CSR) on brand awareness construct of brand equity. Method: Extant literature reveals that little is known about CSR activities during an industrial crisis like covid-19 pandemic, most of the available research works in this area were carried out on developed countries and in the case of the telecommunication industry in Ghana, the scope of studies appear narrow as individual telecommunication companies were used as case studies and reported findings are inconclusive. Convenience sampling procedure was employed in which questionnaires were administered to 800 respondents across the 16 regions of Ghana. The field data was analyzed using inferential statistics (OLS regression and correlation analysis) and descriptive statistics. Findings: The study found that both ethical and philanthropic responsibilities of CSR positively relate to brand awareness and brand loyalty constructs of brand equity of the telecommunication industry in Ghana at statistically significant levels.

A survey on ESG: investors, institutions and firms

PurposeOver the past two decades, the topics of Environmental, Social and Corporate Governance (ESG) and Corporate Social Responsibility (CSR) have attracted an increasing amount of interest, reflecting a growing sensitivity of investors and corporations towards environmental, social and governance issues.Design/methodology/approachThis survey offers an overview of the academic literature on ESG/CSR through the lens of investors, institutions and firms. We first discuss the definitions of ESG and CSR and their relationship to each other.FindingsWe next describe how ESG is measured and note problems with the measurement of and quality of ESG data and discrepancies between different measures of ESG. We then turn our attention to investors, examining what types of investors invest in ESG and the role of institutional investors in ESG. From the firm's perspective, we discuss why firms themselves conduct ESG. We also summarize the literature on the impact of ESG on firms: how ESG affects firms' financing, disclosure and reporting activities and firm performance. Finally, we describe other consequences of the focus of ESG and CSR on firms and investors.Originality/valueThis survey offers an overview of the academic literature on ESG/CSR through the lens of investors, institutions and firms.

CSR implementation of palm oil plantations through the integrated farming system program in empowering local farmer groups

The concept of corporate social responsibility (CSR) emerged in response to the development of sustainable corporations that prioritize sustainable development practices. The Sintang District Government's economic improvement program aims to boost community income by developing the UMKM sector (Micro, Small, Medium Enterprises). To integrate palm oil plantations with livestock, the local government initiated this effort. The research method used is a descriptive study - with qualitative data types through data collection techniques conducted utilizing interviews, observations, and literature studies. The study found that the application of CSR in Indonesia does not fully align with the legal definition of CSR. The implementation of CSR is primarily focused on short-term aid provision to local communities. The integration of livestock farms has not been implemented by all plantation companies, and the ones that do exist are suboptimal. Even though Sintang Regency cannot meet the local beef needs, farmers are only capable of meeting 20-30% of the annual demand. Consequently, to meet the demand, the government must purchase livestock from outside Sintang district and even from outside the province of West Kalimantan.

Comparison of Existing Legal Framework of Corporate Social Responsibility for Banks in Malaysia and United Kingdom

The concept of Corporate Social Responsibility (CSR) is not new in the corporate world. Many researchers and academics have developed their own definitions of CSR over time. Since the 1950s, academics and researchers have been unable to agree on a single, accepted definition of CSR. Companies throughout the world are dealing with a variety of issues related to their new position, which is to fulfil the requirements of the contemporary generation in an ethical manner. Undoubtedly, CSR an innovative idea in Malaysia increases the significance of CSR for banks in Malaysia. The researchers will try to determine about the existing legal framework of Corporate Social Responsibility for banks in Malaysia and United Kingdom (UK) by making a comparison of the legal framework between two countries and seeks recommendations for improvement of existing legal framework of CSR for banks in Malaysia.To achieve that, we will try to will try to determine the existing legal framework of Corporate Social Responsibility for banks in Malaysia and United Kingdom and will try to find possible deficiencies in the legal frame CSR for banks in Malaysia. Additionally, it is important to consider the CSR legal framework for banks in UK. The study will attempt to look out for pertinent laws, rules, regulations, and recommendations in the local and international legal frameworks of CSR for banks in UK and Malaysia.

Corporate social responsibility of pharmaceutical industry in Korea.

Background: Global pharmaceutical companies in Korea argue that the development of innovative drugs should be recognized as a social contribution, yet it has been countered by various stakeholders. The need to distinguish between philanthropic activities and Corporate Social Responsibility (CSR) of pharmaceutical companies and reaching consensus in the Korean context has been raised. We sought to evaluate the CSR status of Korean pharmaceutical companies and collect the stakeholders’ opinions to define philanthropic activities and CSR related to pharmaceutical companies in Korea. Methods: We conducted a literature review on the definition of CSR of pharmaceutical companies, and the CSR activities of the domestic pharmaceutical companies were compared with those of global pharmaceutical companies operating in Korea. The opinions of stakeholder groups (patient advocate groups, consumer organizations, and domestic/global pharmaceutical companies) were collected using focus group interviews (FGI) and written surveys. Results: Literature review suggested that CSR is categorized as “must do” (economic and legal responsibilities), “ought to do” (ethical responsibilities), and “can do” (philanthropic responsibilities), whereas contributions beyond the economic, legal, or ethical responsibilities can be defined as “can do” (philanthropic responsibilities). Domestic pharmaceutical companies simply adopted systems for ethical and ESG (Environmental, Social, and Governance) management, which are at the “ought to do” level (ethical responsibility), whereas the headquarters of these global pharmaceutical companies established the CSR team and systematically reported on the CSR activity, including ESG management reports, which is at the “ought to do” level and further moving to the “can do” level, but the Korean branch rarely has CSR teams, and the CSR activities in Korea were also insufficient. At the FGI, the global pharmaceutical companies argued that CSR activities, such as innovative drug development, should be recognized as similar to philanthropic activities, yet stakeholders besides them suggested that those activities are “can do” rather than being philanthropic. Discussion: We found that the pharmaceutical companies in Korea are attempting to achieve the “ought to do” level (ethical responsibilities) while complying with the “must do” level (legal and economic responsibilities) yet not philanthropic activities. A social consensus regarding the philanthropic responsibilities of pharmaceutical companies in Korea was not reached.

CORPORATE SOCIAL RESPONSBILITY AND ITS SUSTAINIBILITY

Sustainability definitely has become a hot topic in recent years. Clearly, it is a subject that is not going away and whose importance in the corporate world is gaining currency. The notion of “doing well by doing good” is moving incrementally into mainstream business practice. In what might be considered a sea change, some very important customers now want know about their sustainability efforts, as do a growing number of consumers. This paper provides an overview on the concepts and definitions of Corporate social responsibility (CSR) and Corporate sustainability (CS). It is based on historical perspectives, impact of changing contexts and situations show that "one solution fits all"-definition for CS(R) should be abandoned, accepting various and more specific definitions matching the development, awareness and ambition levels of organizations And while it's hard to tell whether consumers are leading or following when it comes to the importance of sustainability, it's definitely on their radar. Business success increasingly is going to depend upon clear view to their impact on future generations. For this, and other valid reasons, need to arrive at a practical, workable model of sustainability KEY WORDS- Sustanibility, incremental, corporate, Future generation Rader, Conducting Operation.

How Corporate Social Responsibility Is Described in Keywords: An Analysis of 144 CSR Definitions Across Seven Decades

This article reports a longitudinal analysis of corporate social responsibility (CSR) keywords drawing on an extensive sample of 144 CSR definitions across seven decades. There are clear differences in the keywords used in various time periods to describe the person or entity providing CSR, the CSR activity provided, and the intended recipients or targets of any CSR activities. There has been a trend away from individuals such as managers or specific groups such as employees being identified as providers or recipients of CSR towards keywords describing CSR as an organizational responsibility that is provided to large and inclusive groups such as communities or abstract entities such as stakeholders or the environment. Since the millennium, there has been considerable convergence in CSR keywords that appears to be driven by the availability of CSR information via the internet. The changes in CSR keywords appear to parallel changes in societal expectations, regulation and legislation, and the wider business environment. This suggests that corporations deploy CSR defensively to express alignment with prevailing public priorities, stress compliance with government directives and emphasise conformity with corporate contemporaries. The implications of these findings are discussed and possible lines for future research are proposed.

A comparative analysis of corporate social responsibility development in the USA and China

PurposeThis paper aims to conduct a comparative study between the historical development of corporate social responsibility (CSR) in both the USA and China. It is motivated by the phenomenon that CSR is developing in two different directions (global vs local).Design/methodology/approachA comparative study on sustainability-linked compensation illustrates how CSR in the USA is driven by firm-level economic decisions, in which the manifestations of CSR are usually those which prove to be the most profitable financially. Moreover, a case analysis on the green bond market in China contrarily illustrates how CSR in China is usually based more on alignment with top-down, state-led initiatives in which the state directs the ways in which CSR is manifested.FindingsThis paper reveals that despite globalizing trends are attempting to unify definitions of CSR, they inevitably become localized to fit the societal needs in which they are located.Originality/valueBy understanding how CSR development in these two countries has changed over time, this paper shows that future developments in CSR will likely be influenced more by local practices than by converging global forces.

Corporate social responsibility: A case study of selected clothing companies

The aim of the article is to present activities undertaken by selected clothing companies with respect to corporate social responsibility. The authors provide the definition of corporate social responsibility, the main areas of a CSR strategy and its potential benefits using examples of good practices undertaken by large clothing companies that operate globally: H&M, CCC S.A., Adidas, LPP S.A. CSR policies pursued by these brands are an expression of their concern for the environment, society and the future of our planet. CSR activities undertaken by these companies contribute to their positive image, which can translate into higher sales and a competitive advantage.

Corporate Social Responsibility and Financial Performance - A Literature Review

Companies must not only pursue their main goal—maximizing profits—but also contribute to society's well- being through voluntary efforts, according to the definition of corporate social responsibility (CSR). CSR is becoming increasingly important in today's global world. Companies are increasingly required to engage in socially responsible activities in order to support their success. Some authors suggest that corporations that pursue CSR projects acquire a competitive edge over their competitors by establishing a positive public image or reputation and generating higher revenues and returns on investment, whereas others disagree. The purpose of this paper is to examine the advantages and disadvantages of CSR using a systematic literature review and to establish a conceptual framework. Keywords: Corporate Social Responsibility, Financial Performance, Brand, Cement and Steel Industries, India.

A Consumer Behavior Musing: Could the Use of Consumer Boycotts and/or Buycotts Encourage Businesses to Better Use CSR in Response to the Covid-19 Pandemic?

This paper poses the possibility of consumer boycotts and buycotts as tools to move corporations to implement corporate social responsibility (CSR) that better serves their workers and the communities of the consumers who buy their products during this Covid-19 pandemic. Multiple definitions of CSR are given and critiqued in terms of how CSR implementation stands up to the needs of company stakeholders who are not stock. Boycotts and buycotts as consumer behavior tools are defined and discussed along with examples of each and the corporate actions that brought them into being. How consumers can best activate and affect companies’ CSR by using social media and voicing their disapproval (via boycotts) and approval (via buycotts) of how companies exercise their CSR is also discussed.

A Closer Look at CSR Practices in Sustainable Fashion: A Guideline for Apparel Brands

While it might be greenwashing that impedes consumers' eco-consumption, the researchers posit that this gap is also due to fashion brands’ weak CSR communication and inconsistent understanding of CSR activities. This study aims to 1) determine the ease with which consumers can navigate sustainable fashion brand websites to find corporate social responsibility (CSR) activities, and 2) construct a framework that clearly identifies CSR activities, CSR dimensions, and the business operation stages at which they occur. Website content analyses were conducted on 27 sustainable fashion brands in the United States to investigate their CSR activities. A framework was proposed to better understand current CSR activities and guide the future development through literature reviews and definition analyses (CSR definitions in the past 40 years). This study seeks to better understand the effectiveness of CSR presentation on brand websites, to create consistency among CSR activities, and to provide consumers, scholars, and market practitioners with a tool to implement and identify CSR activities.

СОЦІАЛЬНА ЕКОНОМІКА: ХАРАКТЕРИСТИКА ТА СУБ’ЄКТИ

This article aims to analyze the social economy as a response to the modern challenges of humanity and a way to overcome social, economic, and environmental issues. The scientific methods used for the research are generalization, analysis, synthesis, comparison, and systematization. This research examines all the social economy subjects whose activities help address the challenges of modern societies. The big emphasis of the study lies on the concept of corporate social responsibility, its primary objectives, and the various areas in which socially responsible business activities happen. The article summarizes the definition of corporate social responsibility and demonstrates its comparison with the concept of "shared value." One of the tasks of the paper is to explore characteristics of associations, public organizations, and foundations, highlighting the differences between the public and commercial sectors. In addition, the analysis summarizes and categorizes the different roles of such organiza-tions. This research also conducts a brief examination of public associations' activities in Ukraine and reveals the areas and problems of their activities. Various civil society organizations and the range of their activities are described. The activities classification of such organizations and their characteristics in Ukraine are presented. This article also reveals the aspects of cooperatives, including the Ukrainian context and their typology. The research explains why cooperatives often show greater re-silience and efficiency in crises than traditional enterprises. The most significant part of this study illustrates social enterprises – the most innovative phenomenon in the social economy. The purpose, role, features, and complexities of such organizations in Ukraine are revealed, and the main differences from other social economy agents are provided. Social enterprises probably are the most innovative agents of social economy and their impact fosters the development of the entire field. Summarizing the consideration of the phenomenon of social economy and functioning of this phenomenon in Ukraine, the article concludes its social and economic value to society.

Review and prospect of corporate social responsibility research

In this paper, through the review of corporate social responsibility related research, the concept of corporate social responsibility, impact factors, impact results, action mechanism and other aspects of the integrated analysis. The results show that there is no unified definition of corporate social responsibility at present, but they all emphasize a point of view, that is, enterprises must consider the impact on stakeholders in various business activities. In addition, according to our analysis, we find that most research on corporate social responsibility (CSR) is conducted at the corporate level, but there is a growing interest in the analysis of individual level, especially employee level. However, the existing literature shows that the impact of CSR on potential employees has not been fully studied. In addition, when discussing the impact of corporate social responsibility on enterprises, few studies consider the impact of context. From these findings, we determine the direction of future research.

Should Corporate Social Responsibility Around The World be Mandatory or Voluntary?

Corporate social responsibility (CSR) is an idea that has grown during the last three decades from the voluntary activity of business firms into a debate about whether CSR should be mandated by law because of the increased demand from society. Further, it has been argued that business corporations are owned by their shareholders, and the managers must concentrate on maximizing the wealth of their shareholders and not of the community. To determine how better to apply CSR, this paper begins with looking at the evolution of CSR as a system around the world and then discusses the definition of CSR. In addition, this paper explores the advantages and disadvantages of implementing voluntary CSR and then explores mandatory CSR. Moreover, in this paper, it is found that determining the proper CSR system depends on many factors in each country, such as the social, economic and legal factors that should be examined before applying mandatory or voluntary CSR.

CSR in Management Sciences: Is It “a Road to Nowhere”?

Over the years, the idea of corporate social responsibility has attracted the interest both of practitioners and researchers. While a discourse has occurred in the context of the meaning of Corporate Social Responsibility (CSR), there is no extensive analysis of the latest contributions. To address this gap, three objectives have been formulated for the purpose of this paper: to analyse development trends in CSR definitions, to assess the applicability of scientific efforts in the above-mentioned area and to demonstrate future research opportunities and threats based on the state-of-the-art in CSR. An organized literature review and bibliometric methods have been proposed based on 55 articles published in the “Corporate Social Responsibility and Environmental Management Journal”, the top ranked periodical with the highest Impact Factor, from its beginnings to January 2021. This research provides a clear overview of the recent CSR trends that are present in the literature, by pinpointing those works that refer to significant characteristics and indicate future trajectories of CSR in a managerial practical context, particularly important for the effectiveness of future CSR-oriented organizational activities. This paper summarises the existing CSR-related knowledge and constitutes the first attempt to investigate the process of the creation and development of the corporate social responsibility concept from its origins to its contemporary multidimensionality.

Corporate Social Responsibility of Organizations as Part of a Quality Management System

Abstract The paper deals with the topic of social responsibility in selected organizations in the Czech Republic. This topic is mainly associated with the requirements for economical and ecological production. In reality, however, this area has a much broader meaning. In the introduction, the paper deals with the definition of corporate social responsibility, the importance of this industry, the description of stake-holders and the basic principles of the whole concept. Furthermore, the paper deals with the benefits of implementing corporate social responsibility in the overall concept of the organization and describes the most common barriers to the adoption of the concept of CSR in organizations. The next part analyses the current attitude of organizations to CSR in the form of a questionnaire survey. Organizations from various areas of the private as well as the public sector were involved in the survey. The questionnaire is divided into three groups within the questions asked to the respondents. The first part of the questions is focused on the identification of organizations, focus size and other information. The second part focuses on awareness of corporate social responsibility and the last part deals with issues related to strengthening awareness of CSR.

The Role of Owner-Managers in Shaping CSR Activity of Romanian SMEs

Background: While corporate social responsibility (CSR) is a field of study that has gained popularity in the last years, the approaches of small and medium enterprises’ (SME) contributions to social responsibility are under debate. Moreover, studies on Romanian CSR demonstrate the incremental development of such practices, while the social responsibility of Romanian small business is an understudied topic. In this paper we present data regarding the role of owner-managers in shaping the CSR actions of their SMEs in Romania, along with their opinions on what social responsibility is. Methods: We analyze two sources of data: quantitative research, based on 109 questionnaires collected from SMEs in the western part of Romania, and also a qualitative study, based on 17 interviews with owner-managers of small businesses. The quantitative data presents the reality of social responsibility actions and the relationship with manager’s attitudes, while the qualitative focuses on a better understanding of owner-managers opinions on social responsibility. Results: Our data confirms the high impact of owner-managers’ values and orientations in shaping the degree and forms of the CSR of their firms, and reveals definitions of CSR given by practitioners. Conclusions: Our data reveals that the way managers’ see the role of business in providing social welfare influences their decisions to participate in different types of CSR actions. Through interviews we show that managers, whether their firm has formal CSR actions or not, consider being fair and doing business at their best as part of CSR. Those that also displayed other forms of CSR are those who considered it their duty to give back to the community. The interest of stakeholders was displayed mostly by those who have incremental interest in CSR.