Importance Of Corporate Social Responsibility Research Articles

Exploring Talent Management Practices and Corporate Social Responsibility in Finnish Companies

AbstractThe contemporary work landscape is characterized by rapid change and many evolving challenges. Therefore, companies are in increasing need for acquiring fresh knowledge and skills and human capital is acknowledged being a crucial asset for success in business world. The challenge persists in attracting, retaining and managing skilled employees. Though, the importance of corporate social responsibility (CSR) in talent management has been recognized, still there remains a gap in understanding how talent management is integrated into CSR of companies, particularly at the multilevel investigation level. A directed content analysis method was employed on CSR reports of 25 major Finnish companies to explore key talent management practices at normative, strategic, and operational levels, as well as the integration of talent management components into CSR reports. Normative values such as diversity, equity, and inclusion were consistently emphasized in the reports. However, the translation of these values into practical implementation often yielded abstract strategic principles rather than clearly defined operational practices. The companies have placed over reliance on standardized reporting methods rather than providing comprehensive insights into talent management practices.

Corporate social responsibility in hospitality and tourism: a systematic review

ABSTRACT Scholars have increasingly focused on the importance of corporate social responsibility (CSR) in the hospitality and tourism (H&T) industry due to its rapid growth and expansion. This study examined 192 CSR-focused empirical studies that were published in H&T journals. The report provides a comprehensive analysis by categorizing the data into several parts, such as publishing trends of CSR, segmentation by journals, theoretical frameworks, techniques, and CSR measurement scales. This study also develops a complex nomological network of CSR, examining its connections with the precursor factors, mediating variables, moderating impacts, and outcome effects. Key themes were identified using advanced thematic analysis techniques, providing crucial insights into the current status and future directions of CSR using Leximancer software. The results provide significant information for sustainable practices and influence prospective studies in the crucial field of corporate responsibility.

Influence of Economic Dimension Strategy on Organizational Image of Kisumu Heart Hospital

Corporate Social responsibility (CSR) is becoming an increasingly significant component of many firms’ strategic planning decisions. Statistics shows that more than 80% of health sector organizations in Kenya don’t seem to realize the importance of Corporate Social Responsibility. Among the approximately 20% that do understand the significance of corporate social responsibility, only 2% strive to implement it owing to a number of reasons. This has left a negative perception and bad image to the organizational stakeholders involving the patients, shareholders and the staff, sometimes leading to low profitability. This is evident despite the fact that success of a company is measured by its contribution to society. Most studies have shown both positive and negative relationship or failed to clarify impacts of corporate social responsibility of organizational corporate social responsibility on its image. None of the studies has also specifically shown how adoption of economic, environmental and social dimension strategies have impacted on organizational image of Kisumu heart Hospital. The main objective of this study was therefore to investigate the influence of economic dimension strategy on organizational image of Kisumu heart hospital. Study was anchored stakeholder theory. The study adopted correlational research design. The population of the study comprised of a total of 400 outpatients, inpatient and employees. The study adopted stratified random sampling and the sample size was 196 respondents. Primary data was used which was collected through questionnaire. Data was analysed using both descriptive and correlation statistics specifically Pearson Product Moment Correlation and Simple linear regression Model. The findings revealed that Economic dimension strategy has a positive and significant effect on corporate image (B=.132, p<.05. It was concluded that corporate social responsibility has a positive and significant effect on corporate image of Kisumu heart hospital. The study however recommended improving both economic dimension strategy The study may also inform the stakeholders in the health sector on the importance of CSR on the organizational image and growth.

시각장애인의 TV홈쇼핑 사용 환경에 관한 연구

Due to the importance of corporate social responsibility and sustainable management, ESG (Environmental, Social, and Governance) management is becoming an essential condition for modern companies. In order to find out how the TV home shopping industry is responding to this social consensus, this study identified the current situation of the TV home shopping experience of the visually impaired. As a research method, this study examined the problems pointed out in previous studies and related media articles on the use of home shopping by the visually impaired, and conducted interviews with officials from seven domestic TV home shopping companies and 10 data home shopping companies to find out how the industry is responding to these problems. Through these interviews, we identified what improvements are needed for TV home shopping platforms that rely on visual elements as the main way to deliver information. Specifically, we found that the use of voice recognition technology, screen reader compatibility, in-broadcast service voice descriptions, expansion of telephone consultation services, and provision of information through alternative text and screen readers should be strengthened. In addition, physical factors such as customized TVs and Relumino assistive devices should be introduced, and real-time communication platforms such as live commerce should be expanded to enhance user engagement. The findings of this study can be utilized as ideas for rethinking the accessibility of TV home shopping experiences for the visually impaired as well as digital services in general.

Assessing the evolution of banking reputation literature: a bibliometric analysis

PurposeThe concept of banking reputation has gained significant attention due to its relevance in the banking industry. A strong reputation has become crucial for a bank’s success, as it affects trust, credibility and stakeholders' perceptions. However, understanding and managing reputation in the banking sector involves several challenges. This study aims to analyze the field of banking reputation research through bibliometric analysis.Design/methodology/approachIt explores the evolution of research in this area, identifies key journals, articles and authors, examines the main research streams, and identifies research fronts and opportunities for future advancement.FindingsThe findings reveal that banking reputation research has evolved over time, with multiple perspectives and viewpoints. Key journals and authors in the field are identified, and leading research streams are highlighted. The study also uncovers the conceptual and intellectual structure of the research domain, providing insights into the complex and multidimensional nature of banking reputation. Furthermore, the study emphasizes the importance of corporate social responsibility, sustainability practices and gender diversity in shaping a bank’s reputation. These factors play a significant role in attracting and retaining customers, accessing financial markets and securing funding.Research limitations/implicationsThe results contribute to the existing body of knowledge and provide researchers and practitioners with valuable insights for further exploration.Originality/valueThe paper concludes by outlining potential avenues for future research in the field of banking reputation.

The Impact of Corporate Social Responsibility Implementation on Enterprises’ Financial Performance—Evidence from Chinese Listed Companies

Along with the constant changes in the current business environment, more and more enterprises have recognised the importance of Corporate Social Responsibility (CSR). Considering that profit maximisation is the eternal pursuit of enterprises and that some studies have already linked the financial performance of enterprises and their implementation of social responsibility together, this study will try to further explore the impact of social responsibility initiatives on enterprises’ financial performance within the context of emerging economy. Given that enterprises’ sustainable development is closely related to their implementation of CSR, an improvement in their corresponding financial performance due to effective social responsibility practices can incentivise enterprises to take part in CSR initiatives aimed at enhancing the sustainable development of society and the environment. Through using the panel data from Chinese Listed Companies, this research finds that responsibility’s implementation is positively related with enterprises’ financial performance, and that relationship is non-linear. Additionally, as a critical regulatory institution, government fails to function as a mediator within the above-mentioned relationship based on the robust empirical test. At the same time, the fulfilment of CSR can not be achieved at the expense of profit maximisation. The non-linear relationship between CSR and enterprises’ financial performance (CFP) demonstrated in this research suggests that the financial performance of a firm can be optimised when it moderately fulfils its social responsibility. This finding offers a potential optimal strategy for the sustainable development of the firm as well as society. Also, the role of government deserves further exploration and utilisation, considering its significant linkages with enterprises and social development.

Tourism talent management: empirical research among tourism academics, practitioners, and government officials

ABSTRACT This study explores tourism talent management by integrating the perspectives of tourism academics, senior industry practitioners, and government officials. Semi-structured interviews were conducted with 10 academics specializing in tourism research and education, 10 senior tourism practitioners, and 5 government officials responsible for tourism industry planning and development in China. Through thematic analysis, this research provides fresh insight into different stakeholders’ perceptions of talent management in China’s tourism industry. Tourism academics indicated the importance of tourism as a research area and expressed their strong sense of social responsibility as tourism scholars. Tourism practitioners emphasized the need to move from being service providers to being tourism talent pool incubators. They also recognized the importance of corporate social responsibility for both tourism talents’ individual excellence and the sustainable development of China’s tourism industry. Tourism government officials acknowledged the government’s role in fostering corporate social responsibility through talent management in China’s tourism industry.

Corporate social responsibility in relation to the economic dimension of socio-economic policy

ObjectivesCorporate social responsibility is a concept that allows organizing economic life both at the level of the organization and at the level of the state taking into account the broader interests of the social environment of a contemporary enterprise and stimulating inclusive growth in the quality of economic relations. Entrepreneurs are aware that they are expected not only to generate profits, but also to fairly shape relations with the entire socio-economic environment. CSR can be defined as a concept through which companies voluntarily take into account social and environmental interests at the stage of strategy building, as well as relations with various stakeholder groups. Being responsible does not just mean meeting all formal and legal requirements, but in addition to increased investment in human resources, environmental protection and stakeholder relations.Material and methodsThe purpose of the article is to theoretically analyze the role and importance of corporate social responsibility in the process of creating an inclusive and integrative role for economics and business in the economy. The article shows that neo-liberal concepts focusing on profit maximization at all costs and the "invisible" hand of the market have significantly devalued.ResultsIt is therefore possible to identify specific benefits of implementing corporate social responsibility principles. In the area of economic benefits, social environment and environmental.ConclusionsSocial responsibility benefits not only the company itself and its direct beneficiaries, but also the economy and the environment. Responsible selling allows to build loyalty and trust of employees, and consequently supports sustainable economic development based on social participation and equitable distribution of national income.

Exploring How Corporate Social Responsibility Achieves Gender Equality in the Workplace from the Perspective of Media Image

The importance of corporate social responsibility (CSR) in promoting gender equality in the workplace is increasingly recognized. This study aims to comprehensively explore the role of CSR in achieving workplace gender equality through media image and representation. Methodologically, the study employed a literature review approach, analyzing existing research and scholarly works related to CSR, gender equality, and media influence. The findings of this study underscore the pivotal role of CSR in driving gender equality within workplaces. Media portrayal and corporate initiatives are shown to have a significant impact on shaping public perceptions and expectations regarding gender equality efforts by organizations. The analysis revealed that media strategies, collaborations, and advocacy contribute to fostering a supportive environment for gender equality initiatives and enhancing corporate image. However, it is important to acknowledge limitations such as the potential for media bias and the complexity of cultural influences on gender perceptions. The study also highlights the need for further empirical research to enhance the understanding of the dynamics between CSR, media, and gender equality. In conclusion, this study highlights the substantial contribution of CSR in promoting gender equality in workplaces, with media acting as a powerful catalyst for change. The study suggests that a collaborative approach between organizations, media, and policymakers is pivotal in driving long-lasting change. Future research directions could delve deeper into cross-cultural analyses and explore the effectiveness of specific media strategies in different contexts.

Improving mineral mining enterprises environmental performance through corporate social responsibility practices in China: Implications for minerals policymaking

Corporate social responsibility of mineral mining sector enterprises is greatly important to understand due to its significant role in the social and environmental footprint of the country. Over the years, the natural resources development sector, especially the mineral mining industry, has shown tremendous growth. Although it brought significant profitability for the enterprise as well as a great contribution to economic growth, However, its social and environmental impacts brought serious challenges for the global community. Therefore, scholars and practitioners in the natural resources management sector, especially the mineral mining sector, call for the importance of corporate social responsibility for enterprises to minimize their social and environmental impact. However, in the context of the mineral mining sector, it is unclear whether corporate social responsibility practices (i.e., environmental conservation, waste reduction and sustainability initiatives) attract stakeholders to participate in corporate social activities and how to improve the environmental performance of mineral mining enterprises. Keeping in mind the limitations of existing research, this paper aims to study the corporate social responsibility and environmental performance of mineral mining firms. In addition, the study incorporates the role of stakeholder engagement as a mediator, which opens a new path for the effective implementation of corporate social responsibility. The study adopted a survey method for data collection, and data was collected from 227 managers that were utilized in this study. The data collected from managers of mineral mining companies was utilized, and we employed structural equation modeling techniques to find robust results. The findings reveal that environmental conservation and waste reduction strategies under the framework of corporate social responsibility directly not influence the environmental performance of the enterprises. However, stakeholder engagement serves as bridge among environmental conservation, waste reduction strategies and environmental performance of the mineral mining enterprises. Whereas sustainability initiative could directly improve environmental performance. The findings of the study provide important insights for mineral policy formulation and managerial decision making to foster environmental performance of mineral mining enterprises in China.

Does financial technology matter in the relationship between CSR and banks' financial stability? a quantile regression approach.

In today's rapidly evolving global financial landscape, the growing importance of corporate social responsibility (CSR) and Fintech demands immediate attention, making it a vital and urgent area for exploration. This study examines whether Fintech plays a moderating role in the relationship between CSR and the financial stability of banks operating in some countries in the MENAT region from 2010 to 2021. Using simultaneous quantile regression analysis, the results show that Fintech positively moderates the effect of CSR on banks' financial stability at the medium and highest financial stability quantiles. This outcome highlights the need for banking institutions to embrace new technologies and responsible practices to bolster their financial stability in the changing financial landscape. Furthermore, Fintech positively moderates the impact of banks' financial stability on CSR across all quantiles. Thus, Fintech adoption helps banks to be more socially responsible regardless of their stability level. To ensure the robustness of our results, we employ the generalized panel method of moments (GMM) and quantile regression method to test whether the relationship between CSR and banks' financial stability varies with the presence of Fintech. The findings reveal that CSR enhances financial stability in the middle and higher Fintech quantiles. Therefore, Fintech adoption can potentially amplify the benefits derived from CSR activities, leading to greater bank stability. In addition, financial stability increases banks' involvement in socially responsible initiatives across all Fintech levels. This study provides policymakers with meaningful insights into the importance of embracing simultaneously technological innovation and socially responsible practices to enhance financial stability and achieve sustainable development goals.

Corporate Social Responsibility in Promoting Business Brand

Whether a company undertakes social responsibility is a hotly debated topic. This paper aims to investigate the relationship between social responsibility and brand image for companies. The study in this paper is based on the report of Goodpaster, who emphasized the importance of corporate social responsibility (CSR) and other professors like Clark and Jonson with their studies analyzing profit-making as the only aim for the company. Theoretical insights from Freeman and Goodpaster are synthesized in the context of social responsibility, based on which a conceptual framework is thus proposed. Freeman defined of society as any group or individual who can affect or is affected by the achievement of corporate objectives. It is found if enterprises undertake corporate social responsibility, there will be more support, brand image will be improved, and social impact will be improved. This article provides a theoretical reference for corporate social responsibility.

The Impact of Corporate Social Responsibility on Corporate Financial Performance --An Empirical Study of Chinese Energy Firms

As the impacts of environmental pollution and climate change on humanity have become increasingly severe, achieving sustainable development has heightened global concerns in recent years. An increasing number of companies have recognized the importance of corporate social responsibility (CSR) and are actively investing in enhancing their performance. Moreover, an increasing number of investors are considering social factors when making investment decisions. Although the potential impact of CSR on corporate financial performance (CFP) is a growing interest in related research filed, there still needs to be consensus on their relationship. This study seeks to address this gap in the context of the Chinese energy sector. By conducting fixed effect panel regression on the CSR scores, accounting financial indicators, and fundamental panel data of 876 listed companies in the Chinese energy sector over the past decade, this paper reveals a nonlinear positive impact of CSR on CFP. Further threshold regression is applied to identify distinct threshold values that affect different financial indicators. The findings of this paper complement the existing related research and provide valuable support and guidance for companies in the energy sector to undertake social responsibility and engage in social responsibility investments effectively.

Exploring the Impact of Ownership Structure and CEO Power on CSR and Firm Performance in Pakistan: A Comparative Study of Pre, Post and Covid Era as an Emerging Economy

The primary purpose of this research is to acquire a profound comprehension of the impacts of Corporate Social Responsibility (CSR) on the operations of firms and on society as a whole, with Pakistan serving as the focal point of the research. This study's objective is to determine whether or not there is a moderating effect of CEO power on the relationships that exist between CSR, ownership concentration, and efficient business practices. In-depth research has been conducted on fifty different non-financial enterprises in Pakistan to see how well they performed before, during, and after the Covid-19 Pandemic. On the data that has been gathered, descriptive statistics and regression analysis have been carried out with the assistance of SPSS. The research found that in the middle of the Covid-19 outbreak in Pakistan, the degree of authority held by CEOs had a major impact on the dynamics of the economy. The authority of the Chief Executive Officer (CEO) has a significant impact on the relationship between corporate social responsibility (CSR) and the performance of an organization. Even in a developing country like Pakistan, the present study highlights the importance of corporate social responsibility (CSR) and the positive influence it may have on the bottom line of a firm. The purpose of this study is to investigate the beneficial benefits that corporate social responsibility (CSR) has on society, with a particular emphasis on emerging countries such as Pakistan. This research serves as a useful guide by emphasising how important CSR is for linking together the success of businesses and the well-being of the society in which they operate.

Exploring the Impact of Ownership Structure and CEO Power on CSR and Firm Performance in Pakistan: A Comparative Study of Pre, Post and Covid Era as an Emerging Economy

The primary purpose of this research is to acquire a profound comprehension of the impacts of Corporate Social Responsibility (CSR) on the operations of firms and on society as a whole, with Pakistan serving as the focal point of the research. This study's objective is to determine whether or not there is a moderating effect of CEO power on the relationships that exist between CSR, ownership concentration, and efficient business practices. In-depth research has been conducted on fifty different non-financial enterprises in Pakistan to see how well they performed before, during, and after the Covid-19 Pandemic. On the data that has been gathered, descriptive statistics and regression analysis have been carried out with the assistance of SPSS. The research found that in the middle of the Covid-19 outbreak in Pakistan, the degree of authority held by CEOs had a major impact on the dynamics of the economy. The authority of the Chief Executive Officer (CEO) has a significant impact on the relationship between corporate social responsibility (CSR) and the performance of an organization. Even in a developing country like Pakistan, the present study highlights the importance of corporate social responsibility (CSR) and the positive influence it may have on the bottom line of a firm. The purpose of this study is to investigate the beneficial benefits that corporate social responsibility (CSR) has on society, with a particular emphasis on emerging countries such as Pakistan. This research serves as a useful guide by emphasising how important CSR is for linking together the success of businesses and the well-being of the society in which they operate.

Global research patterns in corporate social responsibility within electronic commerce: A bibliometric analysis

This study examines the importance of corporate social responsibility (CSR) in e-commerce literature by locating and collecting data from academic publications. By doing a search using specific terms such as “e-commerce”, “electronic commerce”, and “corporate social responsibility” in a prominent online publisher’s database from 2001 to 2023, our analysis reveals the increasing importance of the CSR matter in the field of e-commerce. Multiple levels of observation have identified this growing trend (conceptual, geographical, and technological). This article primarily focuses on providing a conceptual framework that provides the economic reason for the increasing interest in corporate social responsibility (CSR) issues in the field of electronic commerce. While there are several ethical and social aspects that can account for this interest, this research specifically explores the complementing justification.

Necessity and Importance of Corporate Social Responsibility

It is important to assess corporate social responsibility (CSR) from different perspectives. The decisions of managers may have significant impacts on different aspects of society. Therefore, it could be essential to measure the attention of managers to their social responsibilities when making a decision; an ineffective, unreasonable decision that disregards social impacts may impose irreparable harm to society. This study sought to evaluate factors that affect CSR, e.g., social capital and stakeholders, and factors that are affected by CSR, e.g., employee performance and customer loyalty. Data were collected through a review of the literature, including books and papers.

Implementation of Corporate Social Responsibility (CSR) In Improving The Reputation of Islamic Banking: A Perspective of Shariah Enterprise Theory

This study underscores the importance of Corporate Social Responsibility (CSR) in the context of Islamic banking, which considers economic, moral, and ethical aspects in accordance with Islamic principles. Despite being the main focus of companies around the world, the concrete impact of CSR implementation in a sharia perspective on corporate reputation still needs to be better understood. This study uses the literature review method, by collecting and analyzing 13 journals from various sources of information related to the form of CSR in Islamic banks in the SET perspective. The results show that Islamic banks that implement CSR based on Shariah Enterprise Theory (SET) can improve their corporate reputation. By complying with the sharia principles in the SET concept, Islamic banks are able to build a positive image in the eyes of customers, investors, and the community, as well as create a favorable environment, and increase stakeholder trust. This study has an important contribution in illustrating the importance of CSR disclosure in the SET perspective to enhance the reputation of Islamic banks and promote sustainability in the Islamic banking industry.

Sustainable information into portfolio optimization models

In the last fifteen years, extreme events such as the global financial and economic crisis of 2007–2008 and the Covid-19 pandemic have highlighted the importance of corporate social responsibility and sustainability in different aspects of our society. The environmental, social, and governance (ESG) disclosures have also gained increasing significance for investors due to initiatives undertaken by international bodies. In particular, with the Action Plan in 2018, the European Commission has assigned specific responsibilities to financial intermediaries to drive flows toward sustainable investments, explicitly requiring portfolio managers to integrate these non-financial factors into their decision-making processes. More and more, asset management firms and insurance companies offer tailored products to meet their customers’ sustainable needs and desires. This trend implies a growing recognition of sustainable practices in the financial sector, emphasized by the need to integrate ESG considerations in investment strategies.

Preparing and Developing the Capabilities of Entrepreneurs in the Digital Age

Purpose: This discussion highlights the significance of preparing for and adapting to the digital era. Rapid shifts in technology, communication, and business models necessitate a high degree of readiness and resilience. Theoretical framework: This fundamental review of existing concepts and theories serves as a roadmap for developing the arguments you will implement in this work. Design/methodology/approach: The discussion also provides strategic recommendations for organizations aiming to thrive in the digital landscape, emphasizing the integration of technology and data, the cultivation of a learning and adaptive mindset among employees, and the promotion of a culture that encourages change and creativity Findings: The rapid changes in technology, communication, and business models make preparedness and flexibility crucial. The conversation underscores the importance of developing necessary capabilities such as the use of digital technology, analytical thinking, and effective planning and management in human resources Research, Practical & Social implications: Furthermore, the importance of Corporate Social Responsibility (CSR) in the digital era is highlighted. Businesses are encouraged not just to focus on profit-making, but also to consider their environmental, social, and societal impacts. By establishing responsible and sustainable business practices, organizations can build trust with consumers and society at large, enhancing their brand image and potentially leading to long-term success. By incorporating CSR principles. Originality/value: In addition, continuous learning and upskilling in the digital era are of utmost importance. As technology evolves at an unprecedented pace, the skillsets required in the workplace are also rapidly changing. It is therefore critical for businesses to invest in digital skills training and provide employees with opportunities for continuous learning. This not only prepares employees to adapt to changes in their current roles but also equips them with the skills needed for the jobs of the future.