Environmental Corporate Social Responsibility Research Articles

The Influence of Femininity: Exploring the Relationship between Women CEOs and Corporate Social Responsibility through Stakeholder Orientation

The purpose of this study is to analyze the role of femininity (stakeholder orientation) on the effect of female CEOs on corporate social responsibility. In this research, manufacturing companies were used as samples listed on the Indonesia Stock Exchange with a total 3 years ranging from the period of 2019 – 2021. This research used panel data with fixed effect regression. The result of this research shows that female CEOs with stakeholder orientation has positive effect on corporate social responsibility while female CEOs with shareholder orientation has no effect on corporate social responsibility. The research also reveals that female CEOs that focus on stakeholders highlight CSR initiatives that benefit the economy and environment. This study also demonstrates that femininity has no bearing on profitability and that feminine female CEOs do not automatically equate to being incompetent. The implication of this study is female CEOs should have experience in stakeholder-related activities to increase corporate social responsibility. Experience in stakeholder-related activities can alter female CEOs perspective on corporate social responsibility in male-dominated environment. This study also shows that being a feminine female CEOs is nothing to be ashamed of as feminine female CEOs can boost CSR in a sophisticated approach that doesn't hurt immediate financial results. Keywords: Female CEO, Corporate Social Responsibility, Femininity, Stakeholder Orientation

Unraveling the Antecedents of CSR Authenticity in Pakistan's Textile Sector, with a Focus on the Moderating Effects of CSR Commitment

The Authenticity of Corporate Social Responsibility (CSR) has become a major concern of organization and particularly the textile sector of Pakistan. This study aimed to develop a conceptual framework that shows the influential factors affecting CSR Authenticity. The theoretical foundation of this framework stems out of Triple Bottom Line Theory and Stakeholder Theory. The reliable databases and repositories of research articles were searched to find the literature for this framework that included JSOTR, SAGE, Science Direct, Emerald, Wiley and Taylor & Francis. The search of literature has furnished a conceptual framework that suggests CSR FIT, CSR Impact and CSR Competencies as CSR Attributes are predictors of CSR Authenticity. Additionally, CSR Dimensions namely Environmental CSR, Economic CSR and Social CSR also predict CSR Authenticity. Moreover, it has been identified by literature that these all predictors cast their influence by the moderating effect of CSR Commitments. Finally, the study concludes by describing limitations and significance of study with directions to academicians and policy makers.

The Interplay of CSR Attributes and Dimensions with CSR Authenticity in the Textile Sector of Pakistan: A Smart Technologies Perspective

This study has the objective to suggests framework for CSR Authenticity by describing its possible antecedents. This study has suggested a research framework which is supported by Triple Bottom Line (TBL) theory and Stakeholder Theory. It is suggested that CSR attributes (CSR Fit, CSR Impact and CSR Competencies) and CSR Dimensions (Environmental CSR, Economic CSR and Social CSR) can be the possible independent variables that instigate the adoption of Smart technologies as mediator and then ultimately, the smart technologies pave the way towards CSR Authenticity as being dependent variable. the authentic databases like Emerald, JSTOR, Wiley, Taylor and Francis, Springer, SAGE and Science Direct had been consulted to search the relevant literature for this framework. Accordingly, the keywords like CSR Authenticity, CSR Impact, CSR Fit, CSR Competence, Economic CSR, Social CSR and Environmental CSR were used to search the relevant literature that ultimately furnished the described conceptual framework. Moreover, the conclusion has been drawn from this conceptual search by lastly illustrating the significance, limitation & future research directions and recommendations.

Identifying the motivating factors to promote socially responsible consumption under circular economy: A perspective from norm activation theory

Businesses have started to green-transform linear production operations by adopting innovative, responsive, and disruptive approaches under the circular economy. This transition requires appreciation and high acceptance by consumers to promote circular products for steady sustainable production and societies. The current study proposes dynamic socio-psychological, motivational, and contextual factors grounded in norm activation theory to investigate the consumers’ cognitive positioning to buy circular products. The empirical results are based on 994 consumer responses from China. The study supports the path suggested by norm activation theory, where alternative routes along with additional contextual factors significantly explain circular product buying. Environmental CSR initiatives, perceived consequences, and consumer green innovativeness significantly influence personal norms and green self-identity. Personal norms explain circular product buying more than green self-identity from the proposed paths. Green values strengthen the relationship between personalnormsm, green self-identity, and circular product buying. The study provides emphasizes to incorporate identity based activators along with ethical activators. Practical insights are provided for businesses promoting responsible consumption under the circular economy.

Green merger and acquisition and green technology innovation: Stimulating quantity or quality?

An increasing number of heavy pollution enterprises are enthusiastically involved in green merger and acquisition (GMA), but the impact on green technology innovation (eco-innovation) has yet to be explored. Does it stimulate the quantity or quality of eco-innovation? By manually collecting GMA engagements of China's heavy pollution enterprises from 2010 to 2020, this study employed the staggered DID method to explore this issue. The empirical results show that: (1) GMA significantly improves the quantity rather than the quality of eco-innovation. After a battery of robustness checks, such as the parallel trend test, placebo test, substitution variables, and an adjusted sample interval, the conclusion remains valid. (2) Through analyzing the motivation of GMA, we find that the desire to obtain government green innovation subsidies and enjoy tax preferences prevails, which results in the scale and quality of GMA tending to be smaller and worse, respectively. (3) Moreover, the decline in the quality of environmental disclosure and CSR provides further evidence that the quality of eco-innovation did not improve. Briefly, this study enriches theoretical grounding regarding strategies of GMA in heavy pollution enterprises and provides implications for governments in emerging economies to guide enterprises to sincerely promote both the quantity and quality of eco-innovation via GMA deals.

Public welfare crowdfunding decision-making of environmental nonprofit organizations based on social responsibility.

Sustainable crowdfunding has emerged as a significant factor in the quest for alternative funding streams in recent times. The process has entailed the removal of financial obstacles and intermediaries, facilitating proximity between entrepreneurs' initiatives and fund providers, thereby initiating modifications in conventional investment and profitability criteria. The correlation between corporate social responsibility (CSR) and sustainable business returns is a significant metric that may enhance funding costs. CSR initiatives and crowdfunding possess the potential for mutually beneficial outcomes in terms of fundraising. However, fundraisers encounter obstacles and competition in their efforts to attain their donation objectives. As an illustration, CSR endeavors may provide a chance to raise capital via crowdfunding. Conversely, crowdfunding has the potential to serve as a means of micro-funding various social initiatives that align with a corporation's corporate social responsibility objectives. The present research investigates the correlation between efficacious donation fundraising campaigns in the context of crowdfunding endeavors that hold the possibility of transforming into corporate social responsibility initiatives. The present study investigates the correlation between the initial amount of funds raised on the first day of a fundraising campaign and the target amount of funds sought by the fundraiser, as well as the type of activities involved. The present study utilizes data derived from crowdfunding endeavors in Southeast Asian nations to scrutinize the funds amassed through donations by juxtaposing trends, cultures, and characteristics of fundraisers employing donation-based crowdfunding. The present investigation employs data collected between the period spanning from the beginning of September 2021 to the end of September 2021 in the economies of Southeast Asia, including Singapore, Indonesia, Malaysia, Thailand, and the Philippines. The present investigation utilizes the partial least squares structural equation modeling (PLS-SEM) approach for the estimation of the variables. The findings of the hypothesis indicate that there exists a positive correlation between crowdfunding, environmental nonprofit organizations, organizational profitability, and CSR.

Environmental CSR and the Purchase Declarations of Generation Z Consumers

Activities in the area of corporate social responsibility are more and more widely and willingly undertaken not only by large companies but also those in the SME sector. A very important part of these activities is environmental protection. Therefore, the question of how these activities are evaluated by their beneficiaries should be asked. One important group of recipients of CSR initiatives are consumers. We considered the opinions of young people from Generation Z to be particularly important because this generation is just entering the consumer market and thus will influence its formation for many years to come. We conducted a survey on a sample of 344 respondents from Generation Z to check whether the environmental CSR initiatives are perceived and appreciated by Generation Z consumers. The survey was expanded to include the influence of the gender factor and the type of education of the people surveyed (technical, business and humanities education). The results of this study indicate that young people (from Generation Z) declare the need to care about the environment and pay attention as consumers to pro-environmental activities implemented as part of CSR. Evaluations of these activities differ between genders. Also, the education profile matters in the perception of environmental CSR initiatives.

Environmental dynamics and corporate social responsibility: An empirical analysis based on Chinese manufacturing listed companies

Environmental dynamics is a significant situational factor affecting corporate strategic decisions. Taking China's listed manufacturing companies from 2010 to 2019 as a research sample, based on organizational ethics theory, this study explores the impact of environmental dynamics on corporate social responsibility (CSR). It analyses the impact of autonomy (CEO duality) and life experience (returnee CEO) of the CEO, the subject of CSR decision-making, on the above relationship. The study shows that firms in uncertain external environments will reduce CSR activities, i.e., the greater dynamic in the external environment, the worse the CSR performance, while CEO duality and returnee CEO will weaken the above relationship. Further study finds that amongst the four dimensions of CSR, environmental dynamics is negatively and significantly related to the remaining three dimensions, except for the technique (T) dimension. The weakening effect of CEO overseas study experience on the negative relationship between environmental dynamics and CSR is stronger. The negative impact between environmental dynamics and CSR is more significant in SOE groups. High-growth firms have a weakening effect on the negative relationship between environmental dynamics and CSR.

Assessment of corporate social responsibility performance for Vietnamese construction organizations

Purpose Corporate social responsibility (CSR) performance is critical to address construction activities’ environmental and social impacts. This study aims to evaluate the level of CSR implementation across various categories within the context of the Vietnamese construction industry. Design/methodology/approach The literature review and semi-structured interviews were conducted to determine Vietnamese construction organizations’ most commonly implemented CSR activities. A total of 252 valid responses were then obtained through a questionnaire survey. In addition, the fuzzy synthetic evaluation (FSE) method was used to evaluate the extent to which CSR categories have been implemented in construction companies. Findings The findings revealed 31 commonly implemented CSR activities of the Vietnamese construction firms, which were grouped into four categories. Of the four categories, the FSE analysis showed that stakeholder CSR was the most critical category, followed by ethical CSR, philanthropic CSR and environmental CSR. Originality/value This research provides valuable CSR activities to construction companies that intend to develop sustainably. Moreover, the proposed prioritization methodology offers practitioners a reliable and easy-to-use evaluation tool that clearly understands CSR performance within their organizations.

The Influence of the COVID-19 Pandemic on the CSR Practices in the Romanian Banking Sector

Abstract The COVID-19 pandemic has rapidly changed the Romanian banking sector, which was forced to adapt to digital technologies and to provide accessible banking services for all kinds of custsomers. The corporate social responsibility practices evolved during the pandemic, from general causes to more targeted initiatives, the Romanian banks offering innovative solutions to fight against the health crisis. The present paper provides a good insight in the corporate social responsibility practices before the pandemic and during the COVID-19 crisis, exploring the best practices of the most representative banks in terms of total assets. The investigation covers five years, from 2017 to 2021, and was based on a content analysis of the sustainability reports of the banks from the sample. The data was processed through the MAXQDA software, revealing a clear correspondence between the corporate social responsibility practices of the banks and the theoretical concept of sustainability: Profit – People – Planet. The qualitative analysis was completed by a quantitative investigation based on a questionnaire applied on a sample of 344 respondents. The comparative analysis outlines the moral implications of corporate social responsibility in the COVID-19 unique environment, considering the balance between the individual health of clients/employees and the profit dimension of corporate social responsibility. The paper focuses on the recovery stages of the banking sector after the critical point of restriction measures, emphasizing the clients’ perceptions and attitudes towards digital banking, as a form of social care during pandemic. The banks responses to the COVID-19 pandemic were examined by using a sequential mixed-methods approach, suggesting an amplified economic dimension of corporate social responsibility during the COVID-19 pandemic through digital banking services.

Corporate Social Responsibility Disclosure in Primary Industry: Effect of Risk, Gender, and Environmental Disclosure

Corporate Social Responsibility (CSR) is one of responsibility to shareholders by paying attention to social and environmental aspect in the vicinity where the company’s operational activities are carried out. However, not all companies which has a direct impact to environment did CSR properly. PT. Aneka Tambang, Tbk. in 2021 was polluting the coast of East Halmahera, endangered mangrove and marine ecosystems. In addition, PT. Vale Indonesia, Tbk. also suspected of being the cause of forest destruction in South Sulawesi which resulted in sedimentation in Lake Mahalona, CSR implementation will impact to CSR disclosure of company. This study aimed to analyze how risk minimization, gender diversity and environmental certification affect CSR disclosure. Researcher used quantitative method. The population in this study were primary industrial companies with 45 observation data after selecting sample used purposive sampling, Researcher chose descriptive and panel data regression analysis using Eviews 12 as analysis method. The results of this study indicate that risk minimization, gender diversity, and environmental certification have a simultaneous effect on CSR. Partially, risk minimization has a negative effect on CSR disclosure. Meanwhile, gender diversity and environmental certification have no effect on CSR disclosure. Adjusted R-square in this study was 12,43%. It indicated that independent variable used in this study effect dependent study in 12,43%, remained 87,57% effected by other independent variable outside study.

Environmental Performance dan Pengungkapan CSR terhadap Finacial Performance Perusahaan Manufaktur di BEI

Companies that have high profits are companies that have good financial performance. In order to get maximum profit, many companies still ignore the environmental and social impacts of the process of their activities. This research was conducted to determine and analyze the effect of environmental performance and CSR disclosure on the performance of financial manufacturing companies listed on the IDX. This study uses a quantitative approach and the type of data used is secondary data. The population used in this study included manufacturing companies listed on the IDX from 2016 to 2020, then selected using a purposive sampling technique so that a total sample of 27 companies that met the criteria was obtained. The data in this study were analyzed using multiple linear regression and using the SPSS 25 program. From the results of the data analysis that has been carried out, it shows that environmental performance has a negative effect and does not have a significant effect on financial performance. Disclosure of CSR has a negative and insignificant effect on financial performance. Environmental performance and CSR disclosure have no simultaneous effect on financial performance.

Environmental corporate social responsibility initiatives and the attitude-intention-behavior gap in green consumption

PurposeThe purpose of this study is to use the theory of planned behavior and a moderated mediation model to bridge the gap between attitude, intention and behavior in the context of green consumption. The study will focus on how environmental corporate social responsibility initiatives play a positive moderating role in the mediation effect of green purchase intention on the relationship between attitude toward green products and environmentally friendly purchasing behavior.Design/methodology/approachA representative sample of 583 consumers was gathered from five major cities in Vietnam using a mall-intercept survey method. The moderated mediation model and the formulated hypotheses were tested using the PROCESS macro.FindingsThe results of our study reveal that green purchase intention is not only positively and directly associated with environmentally friendly purchase behavior but also significantly mediated the green purchase attitude–behavior link. Environmental corporate social responsibility initiatives were found to positively moderate the direct effect of attitude toward green products on green purchase intention. More importantly, our study also yielded that the mediation effect of green purchase intention on the relationship between attitude toward green products and environmentally friendly purchase behavior is positively moderated by environmental corporate social responsibility initiatives. As such, the indirect impact of environmentally friendly purchase attitude on green purchase behavior through green purchase intention was stronger when the level of environmental corporate social responsibility initiatives was higher.Practical implicationsThe results of this study have practical implications and offer valuable recommendations for marketing practitioners, administrators and policymakers. These recommendations can help promote corporate social responsibility practices among firms, encourage environmentally friendly consumption among consumers and contribute to the overall sustainable development of the country.Originality/valueThis study has made significant contributions to the existing literature on pro-environmental behavior by addressing the gap between attitude, intention and behavior in sustainable consumption. Furthermore, to the best of the author’s knowledge, this is the first study to use a moderated mediation model to shed light on the moderating effect of environmental corporate social responsibility initiatives on the direct and mediated relationships among attitude, intention and behavior in the context of green consumption.

Navigating the haze: Environmental performance feedback and CSR report readability

Despite the prevalence of comprehensive discussions on coping strategies for financial performance feedback, firms’ responses to environmental performance feedback, which possess distinct frames compared to financial performance feedback, remain insufficiently explored. To address this gap, our study explores how firms employ less readable reports in response to environmental performance feedback. We argue that firms receiving negative or positive feedback tend to produce reports with low readability, bewildering stakeholders, while those with environmental performance close to their aspirations are more likely to present clear, highly readable reports. Our findings indicate an inverted-U-shaped relationship between environmental performance feedback and corporate social responsibility report readability. Furthermore, we found that ascribed and achieved political connections have negative and positive moderating effects on this nonlinear relationship, respectively. Our arguments are supported by a sample of Chinese small and medium-sized enterprises from 2010 to 2017.

The Strategic Adoption of Environmental Corporate Social Responsibility with Network Externalities

Abstract This paper adopts a green managerial delegation model in a polluting network industry wherein consumers form fulfilled rational expectations of network externalities. We show that firms are consistently incentivized to undertake ECSR (environmental corporate social responsibility) under price competition, while positive network externalities can increase the strategic level of ECSR. We also show that product substitutability between network products can play an important role in determining a firm’s strategic level of ECSR and resulting profits. Finally, ECSR is conducive to increasing environmental quality and social welfare in a high-polluting network industry. Therefore, the strategic adoption of ECSR in a network industry is Pareto-improving as environmental damage becomes serious.

Strategic Environmental Corporate Social Responsibility (ECSR) Certification and Endogenous Market Structure

Abstract This paper extends the findings of Liu, Wang, and Lee (2015. “Strategic Environmental Corporate Social Responsibility in a Differentiated Duopoly Market.” Economics Letters 129: 108–11), along two dimensions. First, we consider the case of endogenous market structure a la Singh and Vives (1984. “Price and Quantity Competition in a Differentiated Duopoly.” The RAND Journal of Economics: 546–54). Second, we refine the ECSR certification standards in differentiated duopoly with analysis of both uniform and discriminating standards. We find that NGO certifier will set the ECSR standards below the optimal level. We show that given the ECSR certification standards, there is a possibility of both price and quantity contracts choices by the firms in endogenous market structure. Additionally, we highlight the market structures emerging due to uniform and discriminating ECSR standards.

Corporate Social Responsibility and the Willingness to Eco-Innovate among Chilean Firms

Adopting social responsibility can be a key strategy for firms to mitigate the impact of production on the environment, contributing to a more sustainable business model. Based on the triple bottom line perspective, we analyze the effect of Corporate Social Responsibility (CSR) on the willingness to allocate resources to eco-innovation among companies in a developing country. Firm-level data from the Fifth Longitudinal Survey of Chilean Firms are used to estimate a binary probit model for the willingness to eco-innovate and a Heckman sample-selection model for total expenditures and investment in eco-innovation. Results confirm that legal regulations and R&D efforts are drivers of eco-innovation among Chilean firms. Larger-sized and export-oriented firms also exhibit a higher willingness to eco-innovate. The main findings show a positive influence of CSR policy on the willingness to eco-innovate and on the resulting resource allocation decision. Interestingly, the evidence reveals that while financial and environmental CSR dimensions only affect the probability of adopting eco-innovation, the social CSR dimension also increases the amount firms spend on eco-innovation. This result suggests that social CSR may act as a complement to other CSR dimensions. These results are robust when controlling for firm-level specific effects under sample-selection models.

Developing environmental performance through sustainable practices, environmental CSR and behavioural intentions: an online approach during the COVID-19 pandemic

PurposeThe purpose of this study is to examine the development of environmental performance (EP) through sustainable practices (SPs), environmental corporate social responsibility (environmental CSR) and behavioural intentions (BIs) among Pakistan’s small and medium enterprises (SMEs).Design/methodology/approachIn this study, the researchers applied a quantitative approach which involved significant cross-sectional data. The authors used an online survey to serve the aim of this study. The survey’s respondents are top managers of Pakistan’s manufacturing firms. The authors received 196 valid cases to obtain suitable outcomes from the data.FindingsBy using the structural equation model, the path analysis shows that green practices (GPs) have a positive and significant effect on SPs and environmental CSR. This study’s findings also demonstrate that environmental CSR plays a substantial role in developing the SPs, BIs and EP. The results of this study also show that SP plays a positive and significant role towards BIs and EP. Finally, BI predicts the EP.Practical implicationsThis study's findings provide planners and policymakers with guidelines to create EP through environmental CSR, SPs and BIs. This study's findings are valuable results in identifying green practices’ significant role in establishing environmental CSR and SPs. Finally, this study's findings offer a new perception of integrating these factors and their contribution to EP.Originality/valueThis study examined the development of EP in the challenging situation of the COVID-19 pandemic. Therefore, in terms of the empirical findings, this study provides original value.

Under rising environmental uncertainty Chinese enterprises pursue fame or profits? Evidence from corporate social responsibility and financial investment

PurposeThe purpose of this study is to evaluate the impact of environmental uncertainty on corporate social responsibility (CSR), and involves corporate financial investment as mediating factor into this relationship to identify whether Chinese enterprises pursue fame or profit under rising environmental uncertainty.Design/methodology/approachData of listed companies in China from 2010 to 2019 are employed. Fixed effect and mediating effect models were used to explore the relationship between environmental uncertainty, corporate financial investment, and CSR. The heterogeneity influence and moderating effect are discussed by using the method of grouping test and adding interactive items.FindingsThe study finds that rising environmental uncertainty has a negative impact on CSR. It stimulates managements' short-sighted motivation, so that enterprises prioritize financial investment that can solve short-term goals, rather than CSR performance. This inhibitory effect is caused by holding illiquid financial assets with the motivation of “speculative profit seeking.” The negative effect is greater in the samples of state-owned enterprises, nonfamily enterprises and enterprises with low risk-taking.Practical implicationsIt provides a decision-making direction for implementation of CSR governance and the construction of CSR system, particularly in emerging market economies.Social implicationsCSR is widely known in developed countries for its formation, development and role, but its effectiveness and behavioral motivation are less mentioned in emerging markets. In the future, the research in this area needs to be further advanced.Originality/valueThe study makes significant contributions to the mechanisms behind the link between environmental uncertainty and CSR by taking corporate financial investment as an intermediary factor into the analysis, especially in the unique market context of China.

Does CEOs’ green experience affect environmental corporate social responsibility? Evidence from China

This study explores the impact of chief executive officers’ (CEOs) green experience on environmental corporate social responsibility (ECSR) by analyzing the 5373 firm-year observations from China. The result shows that hiring green CEOs increases environmental protection investment (EPI), environmental compliance, and ESG ratings, significantly for firms in non-polluting sectors. Channel analysis shows that CEOs with green-related experience improve their environmental consciousness, which stimulates corporate environmental behavior. The positive effects of green CEOs are more pronounced in firms with high-quality digital transformation and better internal and external governance mechanisms. Our results survive a battery of robustness tests, such as endogeneity concerns, alternative measures, and heterogeneity analysis. Overall, this study provides a theoretical contribution to the study of managerial characteristics and environmental governance based on work experience and educational background in emerging countries.