Green Corporate Social Responsibility Research Articles

How Green Innovation and Green Corporate Social Responsibility Transform Green Transformational Leadership Into Sustainable Performance? Evidence From an Emerging Economy

ABSTRACTIn light of the rapidly evolving technology nowadays, a green business model is now required for sustainability and long‐term survival, especially for small and medium‐sized enterprises (SMEs) and general businesses. This study aims to investigate how green transformational leadership and sustainable corporate performance for SMEs interact by examining the coordinating functions of green innovation and green corporate social responsibility in a developing nation. The current study followed the quantitative methodology along with a questionnaire for data collection. The survey's target sample consisted of senior and middle‐level executives from Vietnam's printing and FMCG manufacturing industries. Following the survey, 449 valid responses were gathered, and SmartPLS (version 4.1.0.6) structural equation modeling was used to analyze the collected data. This analysis contributes to the body of knowledge by using the natural resource‐based view Theory and Stakeholder Theory to provide a “three‐green‐model” that includes green transformational leadership, green innovation, and green corporate social responsibility, as well as their combined impact on sustainable corporate performance in a developing nation. The study findings confirm that green transformational leadership has a positive impact on sustainable corporate performance, both directly and indirectly, through green innovation and green corporate social responsibility, leading to better financial and environmental results. This study provides useful insights into how green leadership promotes sustainable growth, giving SMEs a method to balance between social and environmental responsibility and economic success.

How do green CSR initiatives influence green employee engagement among tourism and hospitality employees?

AbstractDrawing support from social identity theory (SIT), the present study examines green corporate social responsibility (GCSR) initiatives, green organizational identity (GOI), and green service‐oriented behavior (GSOB) as antecedents of green employee engagement in the hotel sector. In addition to the direct association between the study constructs, the study assessed the mediating effects of GOI and GSOB on GCSR and green engagement association. Data collected from hotel employees in India utilizing a three‐wave time lag was analyzed through PROCESS macro. The finding confirmed the direct as well as the serial mediating effects of GOI and GSOB for the relationship between green CSR and green engagement. The study is insightful in understanding how GCSR activities can build a green reputation for a company that in turn will enhance the identification of the employees. The uniqueness of this study is evident in studying the constructs that have a strong alignment with the nature of the tourism and hospitality sectors. Conceptualizing the serial mediating effects of GOI and GSOB for the relationship between GCSR and green engagement in the tourism and hospitality sector is also a novel addition to the existing literature.

Forging Sustainable Development: Exploring the Impact of Green Initiatives and Corporate Social Responsibility

In today's industrial landscape, businesses are increasingly recognizing the importance of integrating environmentally sustainable strategies to maintain competitiveness considering escalating environmental concerns. This study investigates the relationship between green practices, corporate social responsibility (CSR), managerial support, and sustainable business performance within Pakistan's service sector. Grounded in the resource-based view and stakeholder theory, the research employs a quantitative approach, surveying 506 participants across managerial levels from service sector. The findings underscore a positive correlation between green practices, CSR adherence, and sustainable performance. Notably, managerial support plays a pivotal role in translating green initiatives and CSR commitments into tangible sustainable outcomes. The widespread adoption of eco-friendly technologies within the service sector signifies a broader industry-wide shift towards sustainability. This study contributes valuable insights for academia, policymakers, industry professionals, and organizational leaders, shedding light on effective strategies for sustainable business practices. By aligning green initiatives with CSR objectives and leveraging managerial support, enterprises can position themselves as leaders in sustainable performance, thereby fostering value creation while addressing environmental challenges.

ESG and Environmental Performance: Multiple Mediation Models of Green Accounting and CSR Disclosure

Sustainability is a major theme in current academic research due to various issues such as the energy crisis, global warming, and environmental damage. This sustainability issue led to an increase in the role of environmental, social, and governance (ESG) in improving the quality of environmental management by companies. However, research on this topic is still limited with inconsistent findings. This study aims to examine the effect of ESG on environmental performance by using the mediating variables of green accounting and corporate social responsibility (CSR) disclosure. This study contributes by developing a multiple mediating model. The sample consisted of 114 firms-years observations of mining and manufacturing companies in Indonesia during the 2017-2022 period. The results show that ESG has a positive effect on the application of green accounting and CSR disclosure. Both mediation variables can improve environmental performance. In addition, ESG can also have a positive effect directly on environmental performance. These results provide empirical evidence of the importance of ESG implementation in the context of sustainability. The results of mediation testing show that CSR disclosure can act as a partial mediator so as to show support for signaling theory and the dominant role of impression management in environmental performance ranking.

Drivers of green brand loyalty: Stakeholder engagement through corporate social responsibility and brand experience

AbstractThis study aims to determine the drivers related to corporate social responsibility (CSR) and green brand experience that drive green brand loyalty (GBL), ranking the relative importance of these drivers while providing additional explanations for the ranking results. Data were collected from individuals with at least 5 years of experience consuming green agricultural products in Vietnam. The Delphi method and analytic hierarchy process (AHP) were employed in combination to address the research objectives. The research results indicated that both CSR and green brand experience can promote stakeholder engagement and enhance GBL, with components of green brand experience being evaluated as more crucial. The drivers within green brand experience and CSR were ranked in importance. The study makes significant scientific and practical contributions by combining qualitative and quantitative methods in this field, integrating components of CSR and green brand experience within an analytical framework to compare their importance in fostering GBL.

Green Finance and CSR: Effects on Firm Value

This study investigates the impact of sustainability reporting, green financing, corporate social responsibility (CSR), and environmental auditing on firm value and risk management in Indonesian manufacturing companies. Using a quantitative approach, data was collected from 100 manufacturing companies through a structured questionnaire based on a Likert scale. Data were analysed using SEM-PLS 3 to assess the relationship between variables. The findings show that all factors studied - sustainability reporting, green financing, CSR, and environmental auditing - positively and significantly influence firm value and enhance risk management practices. These results underscore the importance of integrating sustainable practices into corporate strategy to enhance firm value and effective risk management. The implications of these findings suggest that firms should prioritise sustainability initiatives as a key component of value creation and risk mitigation strategies in Indonesia's competitive manufacturing sector.

The Impact of Green Corporate Social Responsibility on Employee Green Well-being and Creativity

The Impact of Green Corporate Social Responsibility on Employee Green Well-being and Creativity

The Influence of Sustainability Marketing, Corporate Social Responsibility, Ethical Branding, and Green Consumerism on Brand Equity and Market Position in the Fashion Industry

In an effort to break into foreign markets, this study looks into how brand equity and market position are affected by sustainability marketing, corporate social responsibility (CSR), ethical branding, and green consumerism in the Indonesian fashion sector. Data obtained from 197 Indonesian fashion customers was subjected to a quantitative analysis. The associations between the variables were examined using Partial Least Squares (PLS) 3 and structural equation modeling (SEM). The findings show a strong positive correlation between brand equity and market position and sustainability-related criteria (green consumerism, CSR, sustainability marketing, and ethical branding). The results highlight how crucial sustainability and ethical branding are from a strategic standpoint for Indonesian fashion firms looking to gain a competitive edge and become more visible in the international fashion scene.

Green perspective on intellectual capital, corporate social responsibility, and competitive advantage: The role of firm performance

Green economy issues can occur both in the external and internal environment of business entities in terms of intellectual capital activities, social responsibility, and competitive advantage. This study aims to examine the relationship between intellectual capital, corporate social responsibility, firm performance, and competitive advantage through the mediating role of firm performance from a green perspective. Data were collected from annual reports accessed through the official Stock Exchange websites in each respective research country. The number of samples used is 60 sample data from pharmaceutical companies in Indonesia, Malaysia, and Singapore. Data analysis is carried out using multiple linear regression, path analysis, and Sobel test. This study shows that green intellectual capital, corporate social responsibility, and firm performance have a significant effect on green competitive advantage. Green intellectual capital and green corporate social responsibility have a significant effect on firm performance. Regarding mediating relationships, the results showed green intellectual capital and corporate social responsibility can increase green competitive advantage through firm performance. This shows that a company manager should pay attention to improving intellectual capital capability and corporate social responsibility because they have been proven to improve firm performance and competitive advantage in the context of green economy issues.

The role of environmental performance in mediating the relationship between green accounting and corporate social responsibility

The problems of pollution, global warming, and environmental damage are currently relevant and vital challenges for corporations, governments, and society. The implementation of green accounting is one of the responses of corporations to overcome sustainability issues. This study aims to examine the impact of green accounting on the level of environmental performance and the impact of environmental performance on corporate social responsibility (CSR) disclosure. This study also tests the role of environmental performance as a mediating variable in the relationship between green accounting and CSR disclosure. The sample consists of 95 listed Indonesian firms during the period 2017–2021. The results show that the adoption of green accounting positively affects environmental performance (coefficient is 0.291 and p-value < 0.01). Meanwhile, environmental performance positively affects CSR disclosure with a coefficient of 0.296 and a p-value < 0.01. The empirical evidence also shows that environmental performance has a critical role as a mediating variable in the effect of green accounting on CSR disclosure.

EFFICIENCY OF INVESTMENTS IN THE GREEN ECONOMY TO INCREASE CORPORATE SOCIAL RESPONSIBILITY

Purpose. The aim of the article is the theoretical substantiation of the tools and methodological apparatus for the effectiveness of investments in the green economy and the intensification of corporate social responsibility. Methodology of research. The methodological basis of the study is based on general scientific methods of scientific knowledge: induction and deduction - at the stage of collecting, systematization and processing of information to identify trends and cause-and-effect relationships in investing in the green economy, and also for increasing corporate social responsibility; analysis and synthesis – to identify the main trends in investing in green technologies; abstract and logical – for summarizing information from various sources and creating a comprehensive view of the investigated problem, forming theoretical conclusions and generalizations; the method of comparativistics – for the analysis of the main vectors of increasing corporate social responsibility and the cause-and-effect relationships between them. The work uses tabular and graphical methods of statistical data processing. Findings. The positive impact on the financial performance of companies through investments in green technologies, which contribute to the reduction of operating costs by increasing energy efficiency and reducing the use of resources, is generalized. The improvement of reputation and relations with stakeholders, through active investment in environmentally friendly technologies, better reputation among consumers, investors and the public, which contributes to increasing trust in the brand and increasing customer loyalty, is substantiated. Risk reduction and increased resilience through investments in the green economy, which help companies reduce environmental and regulatory risks associated with stricter environmental regulations and requirements, are analysed. Social and environmental benefits were identified, as investments in green projects contribute to the creation of new jobs, especially in the areas of renewable energy, waste management and green construction. It was established that increasing the internal efficiency and innovation capacity of companies that invest in green technologies allows them to introduce innovations into their production processes more often, demonstrate greater flexibility and readiness for change, which is an important factor in today's dynamic business environment. Originality. A comprehensive approach to studying the effectiveness of investments in the green economy from the point of view of their impact on corporate social responsibility (CSR) is proposed. A systematic analysis of the relationships between the level of investments in the green economy and CSR indicators of companies was carried out on the basis of a wide range of data from various sectors of the economy, which made it possible to identify key trends and regularities that had not been investigated before. Practical value. Substantiated recommendations for effective investment in green technologies can be used by companies to increase their competitiveness in the market by improving their reputation, strengthening relationships with stakeholders and increasing their innovation capacity. Key words: investments, green economy, corporate social responsibility, green technologies, energy efficiency, waste management, environmentally friendly technologies, innovations.

Green initiatives and stakeholder engagement: Unveiling the impact of green strategies and CSR on financial performance from descriptive‐normative perspectives of stakeholder theory

AbstractIt is vital to bring about sustainable development by incorporating sustainable strategies to drive businesses to align their interests with those of stakeholders. Drawing on stakeholder theory and practices, this study explores the synergistic nexus among green environmental strategies (GES; e.g., energy management, waste management, green procurement, waste conversation, green environment awareness programs, carbon footprint reduction, green data management, and ecological operational strategies), corporate social responsibility (CSR), and financial performance (FnP) of multinational enterprises (MNEs) within the energy and manufacturing sectors of China. A total of seven hundred and forty‐three responses were evaluated by structural equation modeling through SmartPLS software. Findings suggest that GES have a positive connection with FnP. Further, this relationship is positively moderated by CSR. This study contributes to both the theoretical and managerial perspectives. It highlights the notion of GES and CSR by verifying the positive influence of sustainable strategies on FnP.

The effect of green accounting and corporate social responsibility implementation on the profitability of mining companies

This study aims to examine the impact of corporate social responsibility (CSR) and green accounting implementation on the profitability of mining companies operating in Indonesia. The sample population for this research comprised mining companies listed on the Indonesia Stock Exchange from 2012 to 2021. For the data collection, the approach of purposeful sampling was selected. The study’s sample comprised 210 observations, which represented the entire population that had been acquired. The results of the hypotheses test suggest that the significance values of the CSR and green accounting variables do not correlate with the profitability variable. However, there are potential limitations to this research that warrant mention, including restricted sample size and an absence of control over additional variables that could impact the organization’s profitability. Green accounting and CSR practices continue to be crucial for ensuring environmental and social sustainability in the mining sector based on the legitimacy theory as explained by Deegan (2002). The study’s value is derived from its examination of a critical sector, specifically the mining industry, which is widely recognized for its substantial impact on economic expansion.

Green Supply Chain Management and Sustainable Performance: The Mediating Role of Green Corporate Social Responsibility in Pakistani Firms

Aim/purpose: The aim of the study was to find the mediating role of green corporate social responsibility (GCSR) on the relationship between green supply chain management (GSCM) practices and sustainable performance. Design/Methodology/Approach: Non-probability sampling technique was used. Using cross-sectional data, PLS-SEM was used to analyze the results. Confirmatory factor analysis (CFA) is run to investigate the reliability and validity of measurement model while bootstrapping was used to test the hypotheses. Findings: Shows that there is direct positive and significant effect of GSCM and GCSR upon sustainable performance and GCSR mediate between GSCM practices and environmental sustainable performance. Moreover, insignificant association among GSCM, CSR and social and economic performance. Originality: By studying the mediating role of GCSR on the relationship between green GSCM practices and sustainable performance this study has extended the body of knowledge of NRBV and stakeholder theory in developing countries. Moreover, indirect effect of GCSR provides new insights and open doors for sustainability in the manufacturing firms.

Green marketing and corporate social responsibility: A review of business practices

Corporate social responsibility (CSR) and green marketing are crucial for promoting ethical and sustainable company practices. This review article offers a thorough examination of the relationship between green marketing and CSR, examining the historical progression, theoretical foundations, and tactical ramifications of green marketing for various businesses. It emphasizes the difficulties of "greenwashing," the significance of transparency, and the necessity of striking a balance between business objectives and sustainability aims. The study clarifies how government regulations and incentives influence green marketing and corporate social responsibility (CSR) practices, highlighting the significance of legal frameworks, tax breaks, and public‒private partnerships. With an emphasis on new tactics, projected shifts in consumer needs, and prospective areas for further study and development, future trends and prospects in green marketing and CSR should be investigated. With an emphasis on consumer behavior, innovative sustainable packaging, and the effect of CSR on staff engagement, more research and collaboration are needed to develop green marketing and CSR practices. Businesses looking to maximize their positive impact and governments trying to create inclusive and successful sustainability legislation can both benefit from its insightful advice. We can all contribute to a greener and more socially responsible world by making sustainability a core value and encouraging cooperation.

THE EFFECT OF IMPLEMENTING GREEN ACCOUNTING AND CSR DISCLOSURES ON THE QUALITY OF FINANCIAL REPORTING WITH INSTITUTIONAL OWNERSHIP AS A MODERATION VARIABLE

The purpose of this study was to investigate the effects of incorporating green accounting and corporate social responsibility (CSR) disclosure on the quality of financial reporting, with a focus on the energy sector companies listed on the Indonesia Stock Exchange from 2019 to 2021. The researchers collected secondary data from the official website of the Indonesia Stock Exchange (www.idx.co.id) or the company websites using purposive sampling. To analyze the data, the researchers employed panel data regression analysis and moderating regression analysis. The results of the study showed that both green accounting and CSR disclosure had a significant impact on the quality of financial reporting. This suggests that companies that incorporate green accounting practices and disclose their CSR activities tend to have higher-quality financial reports. Furthermore, the study found that institutional ownership played a moderating role in the relationship between CSR disclosure and the quality of financial reporting. Specifically, companies with higher levels of institutional ownership showed a stronger relationship between CSR disclosure and financial reporting quality. This implies that institutional investors, who often have a long-term perspective and a focus on sustainability, may place more importance on CSR disclosure when evaluating the quality of financial reports. However, the study did not find any significant impact of institutional ownership on the relationship between green accounting and the quality of financial reporting. This suggests that institutional ownership does not play a significant role in strengthening the relationship between green accounting practices and financial reporting quality.

Do sustainable banking practices enhance the sustainability performance of banking institutions? Direct and indirect effects

PurposeThere is a dearth of empirical research examining the influence of various facets of sustainable banking on the environmental sustainability performance (SP) of banks in developing economies like Bangladesh. This study looks at how green banking practices (GBPs), green finance (GF) and corporate social responsibility (CSR) practices affect SP in both direct and indirect ways.Design/methodology/approachThe research framework of this study was designed based on legitimacy theory to examine the direct and indirect impacts of GBP on environmental SP through GF and CSR practices. Based on a structured questionnaire and convenience sampling, the data were collected from banking institutions to investigate the association among the study variables. Subsequently, the obtained data were evaluated using a well-established structural equation modeling (SEM) approach via SmartPls 4.0 software.FindingsThe empirical findings reveal that GBP has a significant direct impact on GF, CSR practices and the banks' SP. Further, the findings show that GF has a direct and significant impact on CSR practices and SP. Likewise, CSR practices have a direct and significant influence on the SP of banks. Additionally, among indirect effects, both CSR practices and GF mediate the association between GBP and SP, whereas GF also has an indirect effect on the relationship between GBP and CSR practices. Surprisingly, the findings demonstrate that CSR practices do not have an indirect effect on the association between GF and SP. Hence, the greater the bank's involvement in green banking activities, the greater the influence of green financing and CSR practices on environmental sustainability.Originality/valueThis study adds to the growing body of research in the areas of sustainable banking and environmental sustainability literature by evaluating the link between GBP, CSR practices, GF and SP. Besides, this is a ground-breaking study that examines both direct and indirect effects of different aspects of sustainable banking (GBP, GF and CSR practices) on the SP of the banking industry in an emerging country like Bangladesh. On the theoretical level, it adds to the application and expansion of legitimacy theory in the sphere of banking and finance. It provides new insights into the dynamics of green banking, GF and CSR practices within the framework of legitimacy theory. Hence, the current study offers significant suggestions to managers, academicians and researchers on how to advance the sustainability of the banking industry by adopting green banking, GF and CSR practices.

Green Tourism-Based CSR as Practiced By Melasti Beach Management

Purpose: This study aims to analyze the implementation of green tourism-based CSR (corporate social responsibility) by the regional head of Melasti Beach management, Badung, Indonesia. Research methods: The data collection methods used are observation, interviews, document study, and focus group discussions. Furthermore, data analysis used descriptive qualitative analysis, including data reduction, presentation, and conclusion. Results and discussion: The results show that CSR activities of the Ungasan Bupda (Baga et al.) in managing Melasti Beach include four aspects, namely economic aspects, social aspects, cultural aspects, and environmental aspects. Implication: All CSR activities carried out reflect the theory of sustainable tourism by paying attention to economic, social, cultural, and environmental sustainability. Keywords: corporate social responsibility, green and sustainable tourism, beach.

Role of Corporate Social Responsibility (CSR) in the relationship between Green Accounting and Firm Value: Evidence from Indian Companies

This empirical research looks into how different factors including Green accounting, capital structure, and CSR influence Firm value. The research is quantitative in nature, drawing on data from 31 consumer durables companies listed on BSE. The analysis uses multiple regression technique. Additionally, the study uses a CSR disclosure index based on the Key Performance Indicators of the Global Reporting Initiative. This study found that Green Accounting and Capital Structure have effect on Firm Value, and that CSR can significantly moderate this relationship. The study's results shed new light on the complex interplay Green Accounting, financial flexibility, and firm value. It provides empirical data on the links between green accounting, capital structure, CSR, and firm. These results are useful for policymakers and managers who want to know how corporate social responsibility and environmental policies affect an organization's bottom line and its overall efficiency. DOI: https://doi.org/10.52783/tjjpt.v44.i4.807

Green Corporate Social Responsibility and Sustainable Development Goals Disclosure: The Role of Female Board of Directors

This study aims to analyze the impact of green corporate social responsibility (CSR) on SDGs Disclosure, using female boards of directors as a moderating variable. The study population is manufacturing companies listed on the Indonesian Stock Exchange from 2018 to 2021. This type of research is quantitative. The sampling technique in this study was a targeted sampling method that yielded 68 company observations. The data used is secondary data in the form of corporate reports and sustainability reports. The analytical method in this study is multiple linear regression. The results of this study show that while green CSR positively impacts SDG disclosure, female boards of directors can strengthen the influence of green CSR on SDG disclosure. Overall, the findings of this study provide incentives for companies to strengthen green CSR as part of their competitive advantage strategy to achieve the 2030 SDGs targets.