Fulfillment Of Corporate Social Responsibility Research Articles

Independent director-CEO friendliness and sustainable growth capability in enterprises: the moderating role of CSR and executive compensation

PurposeThe purpose of this study is to examine whether and how independent director-CEO friendliness has an impact on the enterprise's sustainable growth capability and further explore how corporate social responsibility (CSR) and executive compensation affect the relationship in the Chinese context.Design/methodology/approachUsing a sample of Chinese-listed companies from 2010 to 2020, the study adopts fixed effects models to empirically analyze the effect of independent director-CEO friendliness on the enterprise's sustainable growth capability and the roles of CSR and executive compensation.FindingsThis study finds that independent director-CEO friendliness is significantly positively correlated with the sustainable growth capability of an enterprise, and this effect is enhanced with the improvement of the degree of CSR fulfillment. What is more, the positive relationship between independent director-CEO friendliness and the enterprise's sustainable growth capability becomes stronger with higher executive compensation.Originality/valueGiven that the existing research on sustainable growth capability mainly focused on the macroeconomic field, this study is of great theoretical significance in exploring the relationship between independent director-CEO friendliness and the enterprise's sustainable growth capability from the micro-level, contributing to the research on the enterprise's sustainable growth capability. In addition, this study considers the boundary conditions of CSR and executive compensation from internal and external perspectives, respectively, as it is innovative to elucidate organizational development from the perspective of internal and external balance.

Does digital finance promote corporate social responsibility of pollution-intensive industry? Evidence from Chinese listed companies.

It is crucial to achieve sustainable development using digital finance to promote the fulfillment of corporate social responsibility. In this paper, we study the impact of digital finance on corporate social responsibility performance of pollution-intensive industry. From the perspective of theoretical mechanism, digital finance could influence corporate social responsibility performance through financing effect. Then, we use the data of Chinese listed companies and the Peking University Digital Financial Inclusion Index of China (PKU_DFIIC) to empirically test the influence of digital finance on corporate social responsibility of pollution-intensive industry. The results show that digital finance is positively related to the fulfillment of corporate social responsibility of pollution-intensive industry. The mechanism test shows that by reducing the information asymmetry in the financial market and making them easier for enterprises to access the financial market, digital finance effectively alleviates the financing constraints of enterprises and then enables enterprises to invest more capital in corporate social responsibility. Furthermore, we find that there are heterogeneous influences of digital finance on the corporate social responsibility performance of different types of enterprises. Specially, enterprises with small scale, located in high informatization and marketization areas and eastern regions of China, and enterprises with high ownership concentration will enjoy more positive impact. By using different indicators to measure digital finance and changing samples for robustness checks, the research conclusions of the paper are still valid. Therefore, government should make more effort to support the development of digital finance, so as to promote corporate social responsibility of pollution-intensive industry and the green and sustainable development of the economy.

Inter-Firm Executive Mobility and Corporate Social Responsibility: Evidence From China.

The executives of listed firms play an important role in the fulfillment of corporate social responsibility (CSR). Based on behavioral consistency theory, this study examines the association of CSR performance among multiple firms for the same executive served at different times. By tracking the movement of executives across Chinese listed firms over the period 2010–2019, we find that there is a significantly positive association between the predecessor and the successor firm’s CSR performance for the same executive, implying that an individual’s value and preference for CSR maintain consistency within a certain period of time. We also find that a longer employment gap and lower internal control effectiveness will damage the association of CSR performance between the predecessor and the successor firm. Our results are robust to testing in subsamples and controlling the endogeneity problems. Our conclusion provides a new perspective to understand the influence mechanism of CSR performance in the context of inter-firm executive mobility and provides empirical evidence for listed firms to improve their decision-making in hiring and evaluating executives.

The Influence of Green Product Development Performance to Enhance Enterprise Effectiveness and Innovation

Climate change and environmental crises are currently affecting the living environment of both people and the planet in general. This necessitates businesses to have a prompt and effective response to minimize or improve the harmful effects that lead to environmental imbalance and fulfill corporate social responsibility through focusing on transitioning to a model of sustainable economic development and encouraging the development and production of green products. This study discovers that the five factors green creativity, green dynamic capabilities, green transformational leadership, reactive green innovation, and proactive green innovation have a positive influence on and aid in the creation of exceptional green product development performance. A survey questionnaire was used to collect data for this research with the participation of more than 1000 people. These figures reveal that the participants are people who are knowledgeable about environmental issues and are actively interested in environmental protection (as well as people who have used green products). Research using software to support SPSS.20 and AMOS.24 to test the hypotheses. The study serves as a framework to help businesses better comprehend the relationship between economics and the environment with the purpose of providing valuable data and raising awareness for innovation in development models for businesses and organizations.

Individual investors’ dividend tax reform and corporate social responsibility

This paper examines the effect of individual investors’ dividend tax on the fulfillment of corporate social responsibility (CSR). By introducing the implementation of dividend tax reform (DTR) for individual investors, we present strong evidence that the reduction of the individual investors' dividend tax significantly reduces the fulfillment of CSR activities related to all stakeholders, except for shareholders. A plausible mechanism is that the reform encourages individual investors to increase holding periods, thereby crowding out institutional investors, which further reduces the firms’ external monitoring pressure. The effect is particularly pronounced for firms with high ownership concentration, low individual investor attention, and low executive ownership. By revealing the unintended effect of the individual investors’ DTR on the firms’ fulfillment of CSR, our study presents a clear policy to regulators concerned with CSR and investor protection.

Corporate social responsibility and corporate innovation output: Empirical evidence based on Chinese listed companies

This study investigated the relation between corporate social responsibility (CSR) fulfillment and corporate innovation output based on a sample of 9165 Chinese listed companies. The present findings revealed that CSR fulfillment promoted corporate innovation output. Government subsidies and research and development investment showed significant mediating effects on the relation between CSR fulfillment and corporate innovation output. Additionally, the policy implementation of mixed ownership reform and corporate size had a significant moderating effect on this relation. Finally, the research revealed that CSR fulfillment not only promoted corporate innovation output but also improved corporate performance and the market value of a company.

Organizational Citizenship Behavior and Corporate Social Responsibility: Evidence from Taiwan Listed Electronics Firms

As enterprises expand, they have increasingly consumed social resources and influenced the society. The public has gradually become aware of this, and consequently, enterprises have begun to emphasize corporate social responsibility as a core business strategy. The interviewees/participants in the study were listed electronics companies in central Taiwan. Questionnaires were used in the study to collect data. A total of 211 valid questionnaires were collected and IBM SPSS 20 was used to analyze the data. The result of the study shows that interviewees participants doubt whether their companies fairly assess their performance or not; however, they consider that their companies take the responsibility of complying with the law and maximizing profits. As a result, medium or large enterprises, or listed electronics companies that intend to fulfill corporate social responsibility, should invite supervisors, senior employees, or female employees and those who do not typically participate in decision making or regular meetings (e.g., employees who work on production lines, or those who are not supervisors or do not work in marketing) to participate in meetings, and provide them training, or distribute manuals or send letters to them. This can enhance organizational citizens’ identification with their company, motivate them to help their companies fulfill corporate social responsibility and thereby improve corporate image, enhance employees’ commitment and awareness of organizational citizenship, and create an improved organizational climate.

Moderating Effects of Internationalization between Corporate Social Responsibility and Financial Performance: The Case of Construction Firms

The relationship between corporate social responsibility (CSR) and corporate financial performance (CFP) has been crucial in academia and business circles. Numerous construction firms have continued to internationalize construction business over time despite the influence of the COVID-19. The internationalization of construction business makes the CSR–CFP relationship more complicated than usual. Construction firms’ CSR fulfillment serves to engage in reliable relationships with stakeholders and consequently improve CFP. It can bring both benefits and costs to the firm, which suggests that the CSR–CFP relationship is non-linear. This study examines the impacts of CSR on the financial performance of construction firms. We took Chinese-listed construction companies as an example, and an inverted U-shaped curve relationship between CSR and CFP was eventually revealed. Further, the significant moderating role of the degree of corporate internationalization (DOI) in the CSR–CFP relationship is disclosed. The results show that matching a high DOI-high CSR and a low DOI-low CSR is more conducive to CFP promotion. Thus, this research makes contributions to the academic perception of the impacts of CSR and DOI on CFP and provides insights for CSR fulfillment in the international arena.

Impacting Corporate Social Responsibility on Business Benefits: A Case Study of Small and Medium Enterprises in Ho Chi Minh City

Nowadays, any world economic organization or product exporter must comply with social responsibility policies: Protect the environment, products are safe for consumers, have policies that respect and ensure benefits for employees, etc. The better the enterprise demonstrates its social responsibility, the higher its competitive advantage. In addition, social responsibility also helps increase long-term profits for businesses: In the short term, in the early stages, companies will face the cost problem when implementing social responsibility: waste treatment systems to protect the environment, modern machines to increase productivity and quality, standard protective clothing to protect workers, etc. However, in the long term, the investment activities of enterprises will bring about significant increases in profits by building brands, trust, and loyalty with consumers. In addition, businesses can quickly bring their products to international markets because they comply with social responsibility standards. Social responsibility, in general, will help enterprises to increase competitive advantages and develop sustainably. Thus, the author surveyed 550 managers working for the corporate social responsibility of 275 small and medium enterprises in HCMC. The author analyzed the key factors impacting corporate social responsibility (CSR) and CSR affecting business benefits. The author applied structural equation modeling (SEM). Finally, the scientific novelty showed five factors affecting corporate social responsibility for business benefits of SMEs in HCMC with a significance of 1.0 percent. Five elements included (1) Environment, (2) Employees, (3) Customers, (4) Suppliers, and (5) Community. It is critical to spread and educate about social responsibility and perfect the legal framework for its execution to fulfill corporate social responsibility in Vietnam.

Corporate social responsibility performance evaluation from the perspective of stakeholder heterogeneity based on fuzzy analytical hierarchy process integrated TOPSIS

AbstractThe effective evaluation of corporate social responsibility (CSR) performance is the basis for stakeholders to understand the level of CSR fulfillment, which is further conducive to the sustainable development of society. Due to the heterogeneity of stakeholders, different stakeholders usually have different emphasis on CSR. However, the previous studies on CSR performance evaluation have neglected the different preferences of stakeholders for CSR, and fails to deeply analyze the risk and potential of CSR. In order to solve the above problems, an internal type‐2 trapezoidal fuzzy numbers (IT2TrFN)—analytical hierarchy process based TOPSIS evaluation framework is established in this paper which considering the heterogeneity of stakeholders in the fuzzy environment. Following that, via the comparative analysis of specific‐stakeholder and overall‐stakeholder, the underlying risk and potential of CSR for different stakeholders are identified for the first time. In addition, this paper conducts empirically research on the CSR of Chinese listed companies in 2017–2018 from the perspective of six types of enterprise stakeholders. Finally, this article enriches the existing CSR evaluation method and theory.

The impact of green innovation on manufacturing small and medium enterprises corporate social responsibility fulfillment: The moderating role of regional environmental regulation

AbstractResearchers have found that small and medium enterprises (SMEs) are also socially responsible, but corporate social responsibility (CSR) literature has been predominantly examined of larger enterprises. Besides, SMEs experience mo re difficulty than larger enterprises in CSR fulfillment. Based on resource‐based theory and green innovation theory, this paper contributes to CSR literature by examining the impact of SMEs’ green innovation on their CSR and the moderating roles of governmental regulations. By analyzing the questionnaire data from 269 manufacturing SMEs, we empirically find that: (1) There is an inverse U‐shaped curve between green innovation and manufacturing SMEs CSR; (2) Command‐and‐control environmental regulations and market‐based environmental regulations both have a moderating effect on the relationship between green innovation and manufacturing SMEs CSR fulfillment. The conclusions can effectively guide the executives of SMEs to fulfill their CSR and guide the formulation of relevant environmental policies for local government.

Does Corporate Social Responsibility Impact on Corporate Risk-Taking? Evidence from Emerging Economy

This study analyzes the impact of corporate social responsibility (CSR) fulfillment on corporate risk-taking to assist stakeholders in identifying the “double-edged sword” role of CSR activities and provide empirical evidence for enterprises to properly carry out CSR activities. The results show that the self-interest instrumentalization of CSR activities intensifies agency conflict, and CSR fulfillment weakens risk-taking to a certain extent. When CSR fulfillment reaches a certain value, CSR activities can improve risk-taking. Then, CSR fulfillment and risk-taking show a U-shaped relationship. Further analysis shows that the impacts of CSR on debt financing and R&D input reflect the U-shaped effect pathways of CSR fulfillment on risk-taking. Finally, it is suggested that CSR activities should be avoided to become the “self-interest tool” of the management. The regulators guide enterprises to break through the inflection point of the U-shaped effect and consider more for the stakeholders’ overall interests. Additionally, the regulators establish an effective compensation system to ensure that the enterprises with adequate CSR fulfillment obtain high-quality capital resources and promote the sustainable development of the capital market.

Relationship Marketing: Tools for Ensuring Return on Equity

Introduction: Relationship Marketing helps to create the long term relationship between customer and banking institution providing the satisfying experience in banking services. It also helps to drive the banking excellence to the next level. It also helps to relive the banking stigma of beating fellow competitors in similar field. Relationship marketing can provide the positive vibe in the mean time of crisis as contemporary world is in seek of forwarding the feet into peculiar pat of economic growth. Bank in mean time has to create positive financial vibe in society which can be done through fulfillment of corporate social responsibility. Purpose: The main purpose of this research paper is to find out how relationship marketing ensures returns on equity. Design: The researcher wants to prove the points through numeric justification. Researcher has designed self-structured questionnaire for collecting primary data. For making research more centric towards research question researcher has presented his ideas through data. Therefore, researcher has adopted quantitative research design for this research. Findings: Bank conducts its financial activities in society thus bonding between society and bank is inevitable. In this regard, Relationship Marketing provides the path for ensuring equity value. In the research, researcher tested the relationship among several hypotheses through statistical analysis facts. The research reveals significant relationship marketing as major aspect of ensuring returns on equity. Originality/Value: Self designed questionnaire and field survey has make research more native. Besides that, there are limited works carried on in the field of relationship marketing making research precisely unique. To provide more accuracy and ease for understanding, researcher has presented the research works through various well defined statistical chat adding value to research work. Implication: Researcher is convinced that this research work will provide new arena of study for upcoming researcher. Likewise, statistical justifications in research can help policy maker to rigorously understand relationship marketing and create new strategies for equity magnification. Likewise, research is helpful for academician to understand current trend of marketing prevailing around the world.

RELATIONSHIP BETWEEN SOCIAL RESPONSIBILITY AND ORGANIZATIONAL IDENTIFICATION OF E-COMMERCE ENTERPRISE BASED ON THE MODERATING EFFECT OF COLLECTIVISM

This work empirically analyzes the moderating effect of collectivism on the relationship between social responsibility and organizational identification of e-commerce enterprise. Our study suggests that: (1) there would be significant difference on the organizational identification under distinct enterprise sizes, employee gender and educational levels; (2) Fulfillment of duties to employees, consumers and the government has a significant positive impact on organizational identification, while fulfillment of duties to social and non-social stakeholders cannot effectively predict the impact of organizational identification; (3) organizational identification imposes a significant positive effect on the two structural dimensions of organizational citizenship behavior. 
 Collectivism orientation plays a moderating role in the influence of employee-oriented and government-oriented responsibility on organizational identification. Our study recommends the managers of e-commerce enterprises to strengthen the organic integration of business strategy and corporate social responsibility (CSR), and to develop an effective framework for the system construction of CSR. It is necessary to realize that the fulfillment of corporate social responsibility is a long-term systematic project that requires fullest participation of employees. 
 Managers should undermine the collectivism orientation of employees, and vigorously activate the interaction between employees and organizations, proactively cultivating the collectivism consciousness and the sense of community among employees.

The Influencing Mechanism of Internal Control Effectiveness on Technological Innovation: CSR as a Mediator

The study explores the relationship between internal control effectiveness, corporate social responsibility (CSR), and technological innovation. By establishing a mediating effect model, we analyzed the effect of internal control effectiveness on technological innovation. The study selected the data of Chinese A-share listed companies between 2014 and 2019 as the sample. The sources of variable indicators include China Stock Market and Accounting Research (CSMAR), DIB Internal Control database, and Hexun CSR score. The empirical study shows that internal control effectiveness is significantly and positively related to technological innovation. Enhancing internal control effectiveness has a significant positive effect on the fulfillment of corporate social responsibility. In the process of internal control effectiveness on technological innovation, corporate social responsibility functions as a mediating variable and plays a partial mediating role. The study provides empirical data to support listed companies’ emphasis on internal control and active fulfillment of social responsibility, thereby enhancing their technological innovation performance.

Exploration on Fulfillment Approaches of Corporate Social Responsibility under the COVID-19 Epidemic

Objectives: With the development of the times, Corporate managers often face decisions concerning the characteristics of corporate social responsibility (CSR), including handling employee relationships, product pricing and product quality. In the critical period of China’s fight against the COVID-19 epidemic, the economic development of enterprises is facing unprecedented challenges. In such a context, some enterprises might prioritize economic benefits in the development and ignore their CSRs. This individual phenomenon will not only restrict the growth of enterprises, but also exert an adverse effect on social development. The exploration of approaches for fulling CSR becomes particularly important under the background of the COVID-19 epidemic. Methods: This paper mainly uses AHP (Analytical Hierarchy Process) to analyze.Results: Hence, this paper attempted to analyze social responsibilities that should be taken on by corporates under the COVID-19 epidemic. Moreover, a corporate social responsibility evaluation system was also established through analyzing the actual situation of some CSR deficiencies in the context of COVID-19 using the AHP method based on the understanding of the CSR concept in literature at home and abroad. In this way, approaches for fulfilling CSR under the COVID-19 epidemic were explored.Conclusions: A CSR evaluation index system is established under the COVID-19 epidemic, so as to force and drive enterprises to persist the enterprise’s voluntary fulfillment of CSR for a long time.

The Manufacturer Decision Analysis for Corporate Social Responsibility under Government Subsidy

Charitable donation and energy-saving R&D are two common approaches to fulfill corporate social responsibility (CSR). A recent survey in China shows that most firms prefer donating to investing in energy-saving research and development. To understand firms’ preference, we develop a game model to investigate the optimal CSR decisions and profit of the firm, which considers donation and energy-saving R&D approaches, respectively. Then, we analyze how the government subsidies for CSR, as well as the unit production cost and the R&D cost of energy-saving product, affect the firm’s CSR decisions and the CSR rate of return. Finally, we study the triple bottom line approach, i.e., considering donation and energy-saving R&D approaches simultaneously, and investigate the interaction between the above two approaches. The results show the following. (1) Government subsidy is an important driver for the firm’s CSR fulfillment and the triple bottom line approach is optimal if the government simultaneously provides two subsidies. (2) When the government subsidy for energy-saving product is moderate, the firm will choose the approach with high profit and high CSR rate of return. (3) The CSR rates of return of different approaches are also compared to reveal the efficiency of the CSR fulfillment and the firm may sometimes choose an approach with low CSR rate of return to pursue high profit. We identify why and when firms prefer charitable donation to energy-saving R&D approach and determine the threshold of the firm engaging CSR for the government to formulate CSR subsidy policies.

The Impact of Corporate Social Responsibility on the Managers' Behaviors in Companies Listed on the Tehran Stock Exchange

Corporate social responsibility (CSR) is a fundamental factor for the survival of any organization. Companies and institutions are active in a society that provides them various opportunities to earn profits and realize their goals. The increasing importance of corporate social responsibility and the costs required by companies to operate and participate in these issue has led to the purpose of this study to investigate the impact of corporate social responsibility on the managers' behaviors in companies listed on the Tehran Stock Exchange. This study is based on purpose, application and data analysis in the field of causal descriptive studies. In this study, the reflection of managers’ myopic and optimistic behaviors is considered as managers' behaviors. Therefore, two hypotheses were developed to investigate this issue, and data from 174 listed companies were analyzed from 2008 to 2018. The regression model of the research was evaluated using a panel data method with a fixed-effects approach and logistic regression method. The result showed that the fulfillment of corporate social responsibility has a significant negative effect on the optimistic behavior of managers and decreases this type of behavior by managers. On the other hand, the results confirmed that accomplishing corporate social responsibility does not have a significant effect on managers' myopic behavior.

Analysis of the Impact of CSR Information Disclosure on Corporate Investment in the New Era

Due to the fact that some companies are overly pursuing profit maximization and thus neglecting the issue of undertaking and fulfilling Corporate Social Responsibility (CSR), the situation of investment risks due to information asymmetry has arisen. Whether corporate social responsibility information disclosure can solve the information asymmetry in the market economy, help enterprises to reduce the cost of external capital, and improve the efficiency of corporate investment is now the hot topic of concern for many economists. Regardless of the type of enterprise, the choice of investment projects depends on the investment opportunities faced. However, there will be financial market friction resulting in the actual investment volume of the enterprise deviates from the optimal investment scale, which will have a certain impact on the company''s social image. Therefore, this article analyzes the impact of corporate social responsibility information disclosure on corporate investment, hoping to enrich the existing research results on corporate investment efficiency in the field of corporate social responsibility, standardize corporate responsibility information disclosure systems, and improve investment efficiency.

Smog, media attention, and corporate social responsibility-empirical evidence from Chinese polluting listed companies.

In recent years, the frequent occurrence of smog in Chinese cities has prompted great changes in the policy environment faced by enterprises. In this study, we address the question whether the decision-making behavior of enterprises will be affected by smog. This paper studied the 2010-2018 data of 218 listed Chinese polluting companies to investigate the impact of smog on corporate social responsibility (CSR). The subjects of this study were all listed on China's A-share market on either the Shenzhen or Shanghai Stock Exchange. The empirical results indicate the following: (1) the more serious the smog, the more likely enterprises are to perform CSR; (2) smog exerts a higher impact on the social responsibility of enterprises that receive more media attention. Further research determined that media attention, whether positive, negative, or neutral, plays the same role in moderating the relationship between smog and CSR; and (3) compared to private enterprises, the function of smog in promoting the CSR fulfillment of state-owned enterprises (SOEs) is more obvious. Based on the reality of Chinese polluting industries, this research combined smog and media attention in the exploration of CSR, which not only enriches CSR research but also provides positive guidance for the sustainable development of polluting enterprises.