Increase In Corporate Social Responsibility Research Articles

Corporate Social Responsibility Disclosure and Financial Performance of Listed Insurance Firms in Nigeria

The backdrop of contending views that CSR is merely façade, just a marketing campaign, and that CSR disclosures among insurance companies in Nigeria are very scanty; whereas organizations desire to be seen as legitimate corporate citizens satisfying various stakeholders, justify this study to examine the relationship between corporate social responsibility disclosure and financial performance of listed insurance companies in Nigeria. Based on the ex-post-facto research design, this study employed secondary data obtained from published financial statements of sampled seven insurance firms between 2015 and 2022. These seven insurance companies are all currently listed in Nigerian Exchange Group. The data gathered was analysed using simple linear regression technique based on the ordinary least square method assisted by E-Views version 9. Three hypotheses were formulated and tested at 0.05 level of significance based on the specific study objectives, using the results of analysis. The findings revealed that corporate social responsibility disclosures have statistically positive significant relationship with earnings per share, net profit margin, and return on assets of listed insurance firms in Nigeria. It was recommended that the management of insurance companies should adopt policies that would favour appropriate increase in corporate social responsibility to enhance performance and peaceful coexistence with their host communities.

The Influence of Corporate Social Responsibility and Environmental Management Accounting on the Sustainability Performance of the Patra Bali Resort and Villas

This research aims to examine and analyze the impact of Corporate Social Responsibility and Environmental Management Accounting on Sustainability Performance. Conducted by The Patra Bali Resort & Villas, the study includes 79 respondents selected through saturation sampling. All data obtained from the questionnaire distribution are deemed suitable and further analyzed using multiple linear regression, hypothesis testing (t-test and F-test). The results indicate that (1) Corporate Social Responsibility significantly and positively influences Sustainability Performance at The Patra Bali Resort & Villas. This suggests that an increase in Corporate Social Responsibility leads to an improvement in Sustainability Performance at The Patra Bali Resort & Villas. (2) Environmental Management Accounting significantly and positively affects Sustainability Performance at The Patra Bali Resort & Villas. This implies that better or increased Environmental Management Accounting results in an improved Sustainability Performance at The Patra Bali Resort & Villas.

Family oblige: the link between CSR and succession intention in small and medium family firms

This study investigates how family continuation, namely family tradition and succession intention, alter the socially responsible behavior of small and medium sized (SME) family firms. Using a unique dataset, we have conducted multiple regressions on survey data from German family SMEs and show a statistically and economically significant increase in Corporate Social Responsibility (CSR) alongside the planning of family succession. However, when analyzing the different facets of CSR, we have found strong variances: While succession intention goes along with an increased community, market, and supply chain engagement this is not the case for CSR directed towards employees, or the environment. Family tradition didn’t correlate with a change in CSR behaviour to a relevant extent. In our theoretical embedding we employed socio-emotional wealth (SEW) theory to explain our findings. Thereby, our study fills a gap in the literature adding the perspective of SME family firms on the use of CSR in the context of family succession and also adding to the theoretical understanding of SEW.

Employing Internal Audit System towards Business Sustainability: Evaluating its Impact on the Triple Bottom Line Perspective in the Manufacturing Industry

This study aims to formulate a model to show how Internal audit implementation affects the Triple Bottom Line Business Sustainability of Manufacturing Companies in the National Capital Region (NCR) Area. These factors are categorized into three: (1) Financial Performance, (2) Corporate Social Responsibility, and (3) Environmental Consciousness. Moreover, it indicated some additional factors that could affect, such as net worth, firm size, and years of operation. This study stems from the lack of clarity based on existing studies on the practical contribution of internal audits to firm performance. This study is a correlational design under the quantitative research design. This is also considered a moderation analysis design in which the moderating effect of internal audit cost and firm profile on the relationship between internal audit and firm performance were considered. Documentary analysis was employed through publicly listed companies' documents on their corporate website. The researcher used both descriptive and inferential statistics. Multivariate analysis was performed on the gathered data in which there are multiple dependent variables, which was explained by one independent variable – internal audit implementation. Key findings of this study show that internal audit has a significant effect on firm performance, t(301) = 2.5, p = 0.012. It shows that internal audit has been found to have an effect on firm performance, β = 0.139, p = 0.012. This supports the probability that firm performance increases around 0.139 per 1 level increase of internal audit. On the other hand, internal audit has a significant impact on corporate social responsibility, t(301) = 2.27, p = 0.023. It indicates that internal audit has an effect on corporate social responsibility, β = 0.127, p = 0.023. It means there is a probability that, for 1 level increase in internal audit, there is an accompanying 0.127 increase in corporate social responsibility. Lastly, the data gathered indicates that the effect of internal audit on environmental consciousness is non-significant, t(301) = 1.53, p = 0.127. The probability that environmental consciousness increases around 0.114 per 1 level increase of internal audit are supported.

Pengaruh Corporate Social Responsibility Terhadap Financial Performance, Firm Value, Dan Share Price Perusahaan Industri Ekstratif

The purpose of this study is to obtain empirical evidence about the effect of corporate social responsibility on financial performance, Firm Value and Share Price in extractive companies listed on the Indonesia Stock Exchange (IDX) for the 2017–2019 period. The research is conducted by taking 36 samples using purposive sampling method. Data processing technique uses simple regression analysis assisted by the SPSS (Statistical Product and Service Solution) program for Windos released 25 and Microsoft Excell 2013). The t test results indicate that corporate social responsibility (CSR) has a positive but insignificant effect on financial performance and firm value, while corporate social responsibility (CSR) has a significant and negative effect on share price. The implication of this study is that there is a need for an increase in corporate social responsibility to improve firm performance and firm value.

The impact of corporate social responsibility expectations on purchase intention of social enterprise products

PurposeWith the rapid increase in corporate social responsibility (CSR) practices in many firms and the development of social enterprises (SE), questions regarding the ways in which CSR affects consumers’ attitudes and behaviours have become crucial. This study aims to investigate how consumers’ CSR expectations and knowledge relate to their attitudes and purchase intentions regarding SE products.Design/methodology/approachThis study investigates how consumer expectations of CSR and their own social responsibility affects purchase intention of SE products. The hypotheses are tested on a sample of 397 individuals recruited through snowball sampling online. The research hypotheses are tested by structural equation modelling. Most of the hypotheses are supported by the data analysis.FindingsThe results show that consumers’ CSR expectations, subjective knowledge and consumer’s perceived social responsibility (CPSR) have positive effects on their attitudes and purchase intentions concerning SE products. The results contribute to the literature on marketing of SE products and demonstrate that consumer CSR expectation and their CPSR are important antecedents of intention to purchase SE products.Originality/valueThere is limited empirical study on the purchase intention of SE products. The findings provide the empirical evidence that individual-level antecedents, including consumer’s CSR expectations, perceived social responsibility and subjective knowledge, have a significant relationship to their intentions to SE products. This study also supports the view that the general rise in CSR expectations and CPSR creates a favourable context for the marketing of SE products.

Effect of CSR participation on employee sense of purpose and experienced meaningfulness: A self-determination theory perspective

The last two decades have seen a rapid increase in corporate social responsibility (CSR) research studies in the hospitality sector. However, majority of such studies have focused either on institutional outcomes like financial performance or stakeholders like customers. Correspondingly, building on the Self-determination Theory, this study developed a model to empirically test whether and how CSR participation drives employee's sense of purpose and facilitates their experienced meaningfulness to consequently enhance employee engagement and their job performance. For empirical validity, we conducted a questionnaire survey among 387 full-time employees working in selected luxury hotels of India. The results reveal that employees' CSR participation positively affects their sense of purpose and their experienced meaningfulness, which consequently affect employee engagement. The results further reveal that sense of purpose positively affects employees' job performance whereas the effect of employees' experienced meaningfulness on their job performance was found to be non significant. The findings also delineate that employee engagement positively affects employee job performance. By empirically demonstrating how employees' CSR participation can instill sense of purpose and meaningfulness to employees at their workplaces vis-à-vis enhance their engagement and job performance, we address the strategic concern of hospitality management and also exemplify a valuable academic contribution.

How does corporate social responsibility impact banking efficiency: a case in China

Much of the earlier literature was focused on the link between corporate social responsibility and corporate fi nancial performance, with contradictory conclusions regarding the impact of corporate social responsibility upon corporate fi nancial performance in the literature. Departing from conventional parametric techniques, this paper employs a fully nonparametric approach to analyze the link between corporate social responsibility and corporate fi nancial performance in Chinese banking sector. Specifi cally, the slack-free Multi-directional Effi ciency Analysis is extended into the conditional effi ciency framework. The results indicate that corporate social responsibility has a signifi cant impact on banking performance, where an increase in CSR generally leads towards an increase in conditional effi ciency, but the attainable frontier might be shifted to any direction for the highest values of corporate social responsibility. In details, the analysis of “pure” effi ciency indicates that corporate social responsibility has a stronger impact on increasing net profi t if compared to that on contracting the amount of non-performing loans. In other words, it turns out that corporate social responsibility is likely to affect the attainable frontier in the direction of expanding net profi t rather than contracting non-performing loans, because the portfolio of non-performing loans is diffi cult to reduce and therefore the impact of corporate social responsibility is not signifi cant either on the frontier or on average effi ciency. However, there exists a trade-off between corporate social responsibility and bank performance when a certain limit is exceeded in Chinese banking. Thus, a minimal increase in corporate social responsibility is likely to contribute to improvements in banking performance (productivity), whereas a negative effect is observed at the highest levels of corporate social responsibility.

The scope of corporate social responsibility in networked multinational enterprises

The extent of corporate social responsibility of a multinational enterprise along a global production system or chain is contested. Legal approaches highlight ownership, causation, and awareness. The stakeholder approach broadens responsibility but fails to address the directness of linkages. Adopting a social network perspective to examine international production within modern global factory systems, we argue that the extent of responsibility of the lead firm is impacted by all activities and participants in the chain. The full extent of responsibility is likely to be determined by whether indirect partners are exclusive or non-exclusive. Global factory systems, while contributing to geographical, ownership, and task fragmentation, significantly amplify linkages, interactions, and awareness implying a concomitant increase in corporate social responsibility when viewed from a social network perspective.

DISCLOSURE OF CORPORATE SOCIAL RESPONSIBILITY:A COMPARISON BETWEEN TRADITIONAL AND DIGITAL REPORTING. AN EMPIRICAL ANALYSIS ON ITALIAN LISTED COMPANIES

During recent years, there has been an increase in corporate social responsibility (following CSR) disclosure not only through sustainability reports but also through digital reporting. The purpose of our research is to study the CSR disclosure made by a sample of Italian listed companies. In particular, we built a disclosure index based on CSR disclosure in the sustainability report (traditional reporting) and a disclosure index based on CSR disclosure on the website (digital reporting). Our aim is to verify if there is a convergence between the two communication tools or whether companies prefer one of them. Specifically, we want to verify if digital reporting has really improved the quality and the level of voluntary disclosure. Our findings revealed that the CSR disclosures were generally shallow and unsystematic, indicating that online CSR reporting of our sample is still in infancy.

Influence of social marketing in corporate image

Companies are investing to demonstrate an empathy with consumers interested in social issues. There was an increase in corporate social responsibility and some studies support that corporate attitude affects consumer purchasing. This paper aims to analyze to what extent social marketing campaigns influence the corporate image, also to identify the main factors that influence the corporate image of companies investing in social marketing and the correlation between the different factors that influence the corporate image. This is an exploratory study, quantitative, through a survey, with self-administered questionnaire to a sample of 220 college students. Data were analyzed using statistical tests of Spearman Correlation, Mann-Whitney and Wilcoxon W. The results infer significant linear correlation between social marketing campaigns and factors that influence the corporate image, however there is not a significant linear correlation between the factors that influence the corporate image, investment in social marketing and the frequency of use of the products. The study found that social marketing campaigns is a factor influencing the corporate image with low relevance, and that the most important influence factors are the quality and price of products.

"CEO Relational Identification, Mortality Salience, and Reprioritization Following Director Deaths"

Anecdotal and empirical evidence from a broad range of sources suggests that individuals often respond to the death of a peer by re-evaluating their approach to, and priorities in, their life and their career. In this study, we synthesize work addressing this general human tendency with management research in the domain of strategic leadership. Building on relational identification theory, we argue that CEOs who experience the death of a director at the same firm will subsequently change their personal and organizational priorities. We hypothesize, and find evidence for our claim, that firms led by CEOs experiencing peer deaths will show an increase in short- term inefficiency, a reduction in long-term investment, and an increase in corporate social responsibility (CSR) activities. We provide further support for our theory by showing that the impact of experiencing the death of a peer is amplified by several factors that are likely to increase a CEO’s level of relational identification with the deceased –...

A critical analysis of corporate social responsibility as a PR practice in Cyprus and Greece

There has been a significant increase in corporate social responsibility (CSR) during the last five years in Cyprus and Greece. This paper is aimed at both researchers and public relations (PR) practitioners. The contribution of CSR practice from organisations is regarded as an important topic for Cyprus and Greece, and is a topic that received academic and practice attention and is becoming a mainstream issue for many organisations. This research represents a study of current practice of CSR and an examination of their contribution and the fulfilment of its three pillars - social, economic, and environmental - understanding better the thematic areas of CSR currently taking place in both countries. This research employs a qualitative methodology. Understanding how communication practitioners contribute and practice CSR in Cyprus and Greece can have a positive impact in terms of greater public visibility of organisations that create interest in the different sectors, and leads to greater public scrutiny of these firms.