Degree Of Corporate Social Responsibility Research Articles

CSR reporting practices of Islamic and conventional banks based on ownership differences

Purpose This study aims to provide a thorough knowledge of the context and degree of corporate social responsibility (CSR) reporting in the annual reports of Islamic and mainstream banks in Bangladesh and to investigate whether ownership and the level of CSR reporting are connected. Design/methodology/approach This study uses the content analysis method to examine 150 annual reports from the 30 listed banking companies as its sample. The data are fitted to an ordinary least square regression model to determine the impact of independent factors on the overall CSR reporting score. Findings The study’s findings show that, on average, Islamic and conventional banks (ICBs) in Bangladesh disclose CSR data at rates of 46.27% and 43.44%, respectively, ranging from 14.15% to 76.32%. Furthermore, according to the study, ICBs’ public share ownership and CSR reporting showed a significant relationship. Conversely, institutional share ownership and foreign share ownership have been found to have no significant relationship with CSR reporting in conventional banks, but institutional share ownership has been found to have a significant relationship with the CSR reporting in Islamic banks. Social implications The research is expected to obtain the most accurate situation of Bangladeshi ICBs’ CSR reporting. To formulate regulations in this regard, governmental and other regulatory authorities can also obtain comprehensive information on CSR reporting procedures. Originality/value The paper contributes to the CSR works, as it presents empirical evidence of the effects of ownership distribution on the CSR reporting of ICBs in developing countries such as Bangladesh.

Corporate Social Responsibility Disclosure and Corporate Governance in Malaysian Listed Firms

The goal of this study is to assess whether there has been a change in the degree of corporate social responsibility (CSR) disclosure and whether corporate governance qualities impact CSR disclosure in Malaysian listed businesses' corporate annual reports. The annual reports of 91 Bursa Malaysia-listed firms were analysed using qualitative content analysis during an eight-year period (2014-2021). Regression analysis was used to discover parameters impacting CSR disclosure in annual reports. The regression analysis found that the availability of external auditors and board independence were linearly and statistically linked with the level of CSR disclosure, as expected. The regression model yielded an R2 of 81.34 percent, indicating that the CSR scoring measures explain for about 81 percent of the variance in corporate governance score, with the remaining 19 percent caused or influenced by other variables. This article is one of the few studies that investigate CSR disclosure and corporate governance qualities among Malaysia-listed firms following the government's adoption of many new CSR initiatives over the last decade.

Does more voluntary environmental information disclosure cut down the cost of equity: heavy pollution industries in China.

Examining the coexisting policies for mandatory and voluntary disclosure of environmental information, this paper focuses on the unique background for such disclosure in the context of domestic companies in heavy pollution industries (EHPIs), a topic thus far overlooked by the literature. We aim to identify, in regard to compulsory environmental information disclosure in financial reports, whether adding further voluntary information disclosure to corporate social responsibility (CSR) results in an extra discount from investors during an equity financing. We evaluate a sample of 4390 A-share listed companies in EHPIs operating in China between 2010 and 2018. Specifically, linguistic analysis and image recognition are conducted with Python, and a regression model is applied to test our hypotheses. The positive impact of the following variables on the cost reduction in equity capital is thus demonstrated: (a) CSR disclosure, (b) higher quality CSR reports, (c) increased environmental information disclosure in CSR reports (CSR_E), (d) more accurate environmental investment information, and (e) additional graphs and text. Moreover, the degree of CSR_E disclosure's reduction in the cost of equity is 30 times that of CSR disclosure, while charts have specific positive effects that text does not. Therefore, we identify a new path for remitting information asymmetry in a financial market by extending information manipulation research, especially studies of nonfinancial information. Overall, information disclosure should be taken seriously by both firms and supervisors. Hence, this study offers guidelines for regulatory authorities to explore the coordination effect of mandatory and voluntary disclosure policies, i.e., to achieve environmental governance and the sustainable development of enterprises by improving corporate governance.

The impact of economic policy uncertainty on corporate social responsibility: A new evidence from food industry in China.

The ability of the food industry to practice a high degree of corporate social responsibility is related to whether national food safety can be effectively guaranteed. By taking the food enterprises in China’s A-share listed companies from 2009–2018, this paper probes into the influence of China’s macroeconomic policy uncertainty on corporate social responsibility, and depicts the differencent impact of enterprise’s practice of social responsibility under government association and market association, respectively. The results firstly show that, the uncertainty of economic policy has a negative effect on the social responsibility of food enterprises, with a regression coefficient of -0.013. Secondly, nonstate-owned enterprises are more vulnerable to macroeconomic fluctuations in the practice of social responsibility. Thirdly, in the case of greater economic policy uncertainty, enterprises with stronger market connections in the food industry tend to be more conservative in their CSR. The above research results not only verify the path of transmission of economic policy uncertainty to corporate social responsibility, but also provide important ideas and references for improving the level of corporate social responsibility in the food industry and ensuring food safety.

A closed‐loop supply chain decision model considering corporate social responsibility and value‐added services

This paper by comparing the decision results in three closed‐loop supply chain (CLSC) cases, to explore the effects of corporate social responsibility (CSR) and value‐added service on the mechanism of stakeholders' decision making. The results show that CSR and value‐added services play significant roles in the optimal decisions of different individuals. The improvement of the value‐added service level is conducive to increasing the demand and the recovery rate, thereby promoting the profitability of the supply chain and social welfare. However, the effect of value‐added services on the performance of stakeholders strictly depends on the degree of CSR. Our numerical results provide insights into social welfare improvement.

Corporate social responsibility as a determinant of tax aggressivity

This research verified whether the practices of corporate social responsibility (CSR) and tax aggressiveness are complementary, substitute or unrelated. A total of 1,081 observations from Brazilian companies listed on B3 were analyzed between 2010 and 2017. The survey used the guidelines of the Global Reporting Initiative (GRI) to measure the degree of CSR. The results show a substitution relationship between companies with a high GRI degree and tax aggressiveness when measured by the differences between accounting profit and taxable profit (BTD), however, this relationship becomes complementary if measured by the total taxes on the amount added (TTVA).

Corporate Social Responsibility in the European Banking Sector: Commitment to the 2030 Agenda and Its Relationship with Gender Diversity

This study examines the degree of corporate social responsibility (CSR) in the European banking sector in terms of commitment to the 2030 Agenda Sustainable Development Goals (SDGs). It also explores whether gender diversity on the board of directors can be used to differentiate between companies with different degrees of engagement with the SDGs. This question is important, given that achieving equal opportunities for women is a CSR priority for today’s companies given stakeholders’ demands. Descriptive and inferential statistical analyses are conducted using a sample of the 30 largest banks in Europe in terms of market capitalization as of 15 February 2019. Key conclusions are that most of the analyzed banks target at least one of the SDGs and that the banks that are most committed to Goals 11 (Sustainable Cities and Communities) and 13 (Climate Action) of the 2030 Agenda have greater gender diversity on their boards of directors.

Corporate Social Responsibility and Wage Inequality

Abstract This paper analyzes how corporate social responsibility (CSR) generates an impact on wage inequality. We find that wage inequality decreases (resp. increases) with the degree of CSR when the substitution elasticity between unskilled labor and capital in the production of the urban sector is sufficiently small (resp. large).

ФОРМУВАННЯ БРЕНД-КАПІТАЛУ КЛАСТЕРНОГО ПІДПРИЄМНИЦТВА НА ЗАСАДАХ ЕКОНОМІКИ СПІЛЬНОЇ УЧАСТІ

The article seeks to explore the issues of building brand capital in cluster entrepreneurship on the principles of sharing economy. To gain better awareness and clarity, the study offers insights on major characteristics and contradictions embedded in the definition of a "sharing economy" which made possible to view it as a new socioeconomic model of doing business, according to which access to goods and services with excess opportunities is provided through online platforms. It is argued that the process of business activity in the frameworks of sharing economy triggers a new pattern of consolidation of individuals, consumers, entrepreneurs and companies (which is an integration association in nature) and therefore, the brand of an individual, consumer, entrepreneur, company or the state as a whole acts as an integrative element in the transition toward the concept of a new, sharing economy. The synergistic combination of structural and consumer capital formation models, substantiation of the main tenets of the modern concept of sharing economy and the projection of specific features of brand capital onto a three-level plane of macro-, mezo- and microeconomic levels offers a new cluster-based entrepreneurship model of building brand capital. Thus, the study of essential trends in brand capital formation within cluster entrepreneurship based on the principles of sharing economy has revealed that the core of this model is the virtual business environment of cognitive interaction of the sharing economy participants. The authors suggest that such simulated organizational structure with a tiered peer-to-peer network architecture will facilitate the effect of integrity in the process of building the national brand capital (empowering ordinary people and entrepreneurs; utilizing resources effectively; enhancing the degree of corporate social responsibility; realizing the principles of fair distribution of value; more democratic arrangement of entrepreneurship and raising environmental awareness, as well as offering a new pattern of bringing people together) that fits modern global technology development trends.

Mapa de actores de responsabilidad social empresarial en la ciudad de Santa Marta

Objetivo: Mapear la dinámica de apropiación de planes y acciones de Responsabilidad Social Empresarial (RSE) en la ciudad de Santa Marta, evidenciando el uso del concepto asociado a RSE que podría generar una discusión en pro de mejorar las condiciones de la sociedad u entorno en el que se desarrollan las actividades empresariales. Metodología: En cuanto a la investigación es de tipo analítica, como herramienta principal para la construcción de la misma se utilizó el método MAC (Mapeo de Actores Claves) y a partir de ahí se estructura las diferentes líneas donde se reflejan los actores que intervienen en las variables establecidas. Resultados: Se describen la poca generación y disposición de las organizaciones públicas y privadas con alto impacto de gestión, se encontró la desconexión y baja articulación entre entidades que realizan actividades de impacto social afines, para la misma población desconociendo, ambos, sus intervenciones. Conclusiones: Se puede afirmar que la presente investigación muestra la dinámica que ejerce el sector empresarial en la ciudad de Santa Marta, analizado desde la Responsabilidad Social Empresarial (RSE), reconociendo la contribución de mejora que brindan a los diferentes escenarios (ambiental, educación, salud, entre otros) en los cuales se direccione la gestión de RSE. Entre los actores que sobresalen en la investigación hallamos organizaciones pertenecientes a diferentes sectores económicos, dándonos una panorámica del grado de responsabilidad social empresarial en la ciudad de Santa Marta.

Corporate social responsibility and strategic trade policy: An endogenous timing game and its policy implications

AbstractThis study incorporates the corporate social responsibility (CSR) initiatives of a domestic firm and analyses strategic trade policy towards a foreign firm in a different market structure. We show that the tariff rate under a foreign (domestic) firm's leadership is lowest when the degree of CSR is large (small). We also show that the foreign firm's leadership yields the highest welfare when the degree of CSR is intermediate, while the domestic firm's leadership yields the highest welfare otherwise. In an endogenous‐timing game, we show that a simultaneous‐move outcome is the unique equilibrium when the degree of CSR is small; thus, it is never socially desirable. We also show that the domestic firm's leadership can be an equilibrium, which results in the highest welfare when the degree of CSR is large. Finally, when the degree of CSR is large, collusive behaviours between the domestic and foreign firms can increase welfare.

Impact of statutory regulation and key internal factors on firm’s corporate social responsibility

PurposeThis study aims to examine the impact of statutory regulatory order by the government on the degree of corporate social responsibility (CSR) performance and disclosures. It also aims to empirically investigate the relationship of a firm’s key internal and governance factors with CSR performance and disclosures.Design/methodology/approachThe study is based on empirical data from all banking firms listed in the Dhaka Stock Exchange (DSE) for a period of 2011-2015. The difference in difference analysis has been used to test the regulatory impact, where content analysis has been performed to find CSR disclosure scores. The multivariate regression analysis has been used to test hypotheses to find impact of firm’s internal factor on CSR disclosures.FindingsThe analysis and results of the study show that there is no significant impact of statutory regulatory impact on a firm’s level of CSR performance and disclosure. On the other hand, the study has found that board expertizes and board meetings have significant positive impact on firm’s CSR while no significant impact is found for firm networks to influence firm’s CSR disclosures.Research limitations/implicationsThe main research limitation of the study is that it covers all listed firms of the banking industry in Bangladesh. Because of data inconsistency, other industries are not included in the data sample of this study.Originality/valueThe value of the study lies in its contribution to the empirical investigation of regulatory impact and key internal and governance factors in a developing country perspective, which will add value to the CSR literature.

The assessment of corporate social responsibility at Ukrainian banks

Corporate social responsibility issues are becoming increasingly important in the banking sector. It refers to the responsibility of banks for their business activities subject to conceivable implications for society and the environment. Currently, the modern banking system in Ukraine is in the process of shaping its own model and integrating corporate social responsibility into all business processes. Thus, it is argued that objective comprehensive assessment of corporate social responsibility of Ukrainian banks is an essential prerequisite to enhance their performance, along with building a good rapport with clients and encouraging trust in society. From the above perspective, this article suggests an approach to assess corporate social responsibility at banks which entails implementing consistent stages in evaluating the development degree of the three corporate social responsibility components: social, environmental and economic. The assessment framework substantiates a set of indicators for measuring the degree of corporate social responsibility at banks by estimating the ratio of the GRI related aspects in the financial statements of banks, and identifying the possibility to implement the main provisions of the Social Accountability International 8,000 standard and the GRI G4 (Global Reporting Initiative). The proposed approach to measuring corporate social responsibility in banking through the instruments of a three-dimensional matrix and to positioning the banks by the areas of their corporate social responsibility has been tested by processing an array of 82 non-financial reports of 31 banks over the 2016–2018 period.

The real effects of stock prices: learning, disclosure and corporate social responsibility

AbstractThis paper develops a tractable model to study the impact of corporate social responsibility (CSR) on real decisions (i.e., production and disclosure decisions) of a firm which can learn from the stock price. Firms with high CSR disclose more precise information, improving the stock liquidity and price efficiency, which also benefit liquidity traders and consumers. Interventions by regulators in firms’ disclosure decisions, such as mandatory disclosure, can improve social welfare, but their effectiveness depends on the degree of CSR. We also discuss the implications of learning from the price.

Modern principles of corporate management

This article presents the current trends of corporate mergers and acquisitions in RF. Due to the positive trend, the authors prove the relevance of the study of corporate governance principles. A hierarchy of principles of corporate management is proposed taking into account the social component and corporate synergy. The authors identify the following basic principles of corporate governance, arranged in a hierarchical sequence: sustainability, innovation, social responsibility. Security, corporate synergy. It is hypothesized that the implementation of each subsequent principle is possible only after the implementation of the previous one. The concept of corporate sustainability involves not only the financial, social and environmental performance of the corporation, but also its innovative activity, the ability to develop and implement innovations. The principle of corporate social responsibility involves achieving transparency and accessibility, as well as social investment. Ensuring sustainability, innovation and social responsibility brings the corporation to the next level of our proposed hierarchy - the formation of security of all participants of corporate relations. The presence of this principle in the hierarchy proves the advantages to the participants of corporate relations. In compliance with the above principles, we can talk about the effectiveness of the joint operation of all parts of the corporate network, i.e. of corporate synergy. The authors study various manifestations of corporate synergy, in particular the synergy of expansion and synergy of connectivity, focus on the flow and inter-flow corporate relations and synergy. The concept of corporate management, consisting in the consistent implementation of the principles of corporate governance, which culminates in corporate synergy, efficiency and feedback from the highest principles, involves the creation of a new type of corporation with a high degree of corporate social responsibility.

A Multidimensional Analysis of the Relationship between Corporate Social Responsibility and Firm’s Financial Performance—Based on the Data of 78 Listed Companies in 10 years in Henan Province, China

At present, the research on the relationship of corporate social responsibility and economic performance mostly adopts the method of large-scale sampling, but does not distinguish the sample industries and regions, so the relevant research needs to be further analyzed. Based on the 2008-2017 data of 78 listed enterprises in Henan province, the relationship between corporate social responsibility and economic performance in 7 industries is measured by 8 indexes through Arellano-Bond dynamic panel data model. The research shows that the social responsibility of listed enterprises in Henan Province has a lagging impact on the economic performance of enterprises, which has a negative impact on the short-term and a positive impact on the long-term. The common point is that the responsibility of the investor has a positive impact on the economic performance of the enterprise, and other aspects vary greatly due to industry categories. In general, the degree of corporate social responsibility of listed enterprises in Henan Province is relatively low.

Tariffs and privatization policy in a bilateral trade with corporate social responsibility

Corporate social responsibility (CSR) has become a global business strategy and thus it provides significant welfare implications for designing optimal policies. This paper investigates the impact of CSR on policy interaction between tariffs and privatization in an international bilateral trade model. We find that CSR is closely related to the government's policy decisions on tariffs. In particular, we find that the strategic tariff for increasing domestic welfare is always higher (lower) than the efficient tariff for improving global welfare when the degree of CSR is low (high). We also show that a privatization policy raises tariff and worsens (improves) domestic welfare when the degree of CSR is low (high). Finally, we demonstrate that both countries choose a nationalization policy even though the privatization policy is globally optimal when the degree of CSR is high.

Drivers of perceived market and eco-performance in the foodservice industry

PurposeTo foster environmental and sustainable practices, foodservice enterprises should exhibit a high degree of corporate social responsibility (CSR), ecological consciousness and innovation in green initiatives. This study examines the influences of CSR practices (i.e. economic, legal, ethical and philanthropic), environmental marketing activities (i.e. strategic and tactical) and innovation (i.e.technological and organizational) as drivers of market and eco-performance in the foodservice industry.Design/methodology/approachBased on an established framework of CSR, environmental marketing and innovation, an exploratory conceptual model was formulated and empirically assessed. Survey data were collected from representatives of the Korean foodservice franchise industry. Data analysis consisted of frequency analysis, reliability analysis, confirmatory factor analysis, correlation analysis and path analysis.FindingsMarket performance was influenced by tactical environmental marketing, as well as technological and organizational innovation. Eco-performance was affected by tactical environmental marketing and technological innovation. However, technological innovation and organizational innovation were influenced by tactical environmental marketing, but were not significantly affected by strategic environmental marketing. Additionally, strategic environmental marketing was influenced by economic, legal, ethical and philanthropic CSR. Last, tactical environmental marketing was affected by economic, ethical and philanthropic CSR.Practical implicationsCSR, environmental marketing activities and innovation provide numerous benefits to businesses. Such benefits include enhanced market and eco-performance, both of which create competitive advantages.Originality/valueThere is a paucity of research on the effects of environmental marketing and innovation on corporate performance in the foodservice industry. The findings provide greater insights into the impacts of CSR, environmental marketing and innovation on corporations’ desired outcomes.

Degree of Corporate Social Responsibility Disclosure and Its Impact on Banking Performance

This paper aims to measure the degree of Corporate Social Responsibility (CSR) disclosure in the annual reports and websites of the listed banks on UAE financial markets and study its impact on the performance of Islamic and conventional banks for the period of 2003 to 2013. This relationship is examined using dynamic panel data two-step robust system estimation. The results demonstrate a significant difference in the degree of CSR disclosure in the annual reports between UAE Islamic and conventional banks and also a higher degree of CSR disclosure in the websites than in the annual reports. In addition, the results indicate a positive and significant impact of the degree of CSR disclosure on the performance of UAE conventional banks.

Does community environment matter to corporate social responsibility?

How does the preference of local stakeholders shape firm's corporate social responsibility (CSR)? Using a twenty-year U.S. sample, this paper examines the effects of the community demographic and cultural environment on CSR. We find that firms located in counties with more senior residents and/or higher levels of religiosity display higher degree of corporate social responsibility. In addition, we find the positive effects of local seniors and religiosity are stronger for less financial constrained firms. The result is robust after controlling for firm fixed effects, operating state trends and incorporation state trends. Taken together, our evidence supports a stakeholder theory of corporate social responsibility.