Need For Corporate Social Responsibility Research Articles

NFL Player Protests, Corporate Social Responsibility, and Diversion in Sport Crisis

The 2018 Super Bowl presented an opportunity for the National Football League (NFL) to address its season-long controversy surrounding its players' demonstrations during the national anthem—yet the league did not take a specific stance, employing the communication tactic of diversion. This study seeks to understand the effects of the NFL's crisis management strategy of diversion on organizational reputation and perceptions of the need for corporate social responsibility (CSR). Fans' support for the NFL's response and CSR messaging positively impacted reputation, while fans' support for players and their cause negatively impacted reputation. Fans' current feelings about the NFL further showed frustration with past and present crises. Implications for crisis management in sport organizations and calls for inclusion in setting communication strategy are discussed.

The Emerging Need for Corporate Social Responsibility and Sustainable Investment in the Healthcare Sector during Covid 19

The present study is a descriptive analysis of the emerging need for CSR and Sustainable Investment during COVID 19. The information has been gathered from unswerving and trustworthy secondary sources including journals, magazines, and newspapers. CSR spending of the top 10 companies in the Healthcare Sector in FY 2018-19 and 2019-20 have been statistically evaluated. The present study also accompanies the implications for sustainable investment in the pandemic period. In the study, it was found that the companies usually contribute to building hospitals, organizing camps for rural people, and giving donations in the hospitals which seems to work as short-term orientation, there is a lot more which a company can offer to enrich the lives of people with proper health and well-being. It was found in the learning that ONGC company have spent all earmarked CSR funds on the healthcare sector in FY 2019-20 which shows the impact of COVID 19 pandemic whereas spending by TCS was the lowest among 10 companies on the Healthcare Sector.

Not Free to Roam: Misleading Food Credence Claims, the ACCC and the Need for Corporate Social Responsibility

This article explores misleading food credence claims. The article commences by drawing attention to a concomitant increase indifferentiated foods (eg locally sourced, free-range or ‘healthy’) and information asymmetry (ie where food businesses possess more accurate and useful information than consumers). The article then examines attempts by the Australian Competition and Consumer Commission (‘ACCC’) to deter misleading food credence claims and identifies a taxonomy of misleading food credence claims including those made about a food’s: (i) provenance; (ii) manufacture or production; and (iii) qualities or characteristics. The article then situates the ACCC’s efforts within the dialectic of Corporate Social Irresponsibility (‘CSI’) and Corporate Social Responsibility (‘CSR’), and in so doing, within regulatory theory that espouses a mix of deterrence and cooperation. We argue that while the ACCC plays a crucial role in deterring misleading food credence claims its focus is on CSI: meaning that more needs to be done to encourage CSR in relation to accurate and unbiased food credence claims. By treating food credence claims as a matter of CSR, food businesses can support informed decision-making and perhaps even contribute to better health outcomes. Indeed, conceptualising food credence claims as CSR is an important and necessary step in ensuring that honest and accurate food credence claims become the norm, not just the law.

Corporate social responsibility in state regulation of sustainable development

The need of corporate social responsibility development is mostly explained with the fact that the states do not cope with the solution of problems of a social assistance of the population. But as the state undertakes all social burden of the population, the need for corporate social responsibility disappears. So, it is substantiate to adopt the other approach -the importance to proceed from essence of society as certain social system -system of people, their certain communities connected with each other by the public relations, and their interests. Stable, steady existence of this system is possible only at mutual adjustment of all its structural parts -adjustment of mutual interests.

Assessing the potential impact of the Marikana incident on South African mining companies: An event method study

This study examines the potential impact of industrial unrest and the outbreak of violence at Marikana on 16 August 2012 on the share prices of mining companies listed on the Johannesburg Stock Exchange (JSE) using an event methodology. Contrary to expectations, the Marikana incident does not appear to have had a widespread and prolonged effect on the South African mining sector. This may be the result of the strike action already having been discounted into the price of mining shares, implying that the market was only reacting to the unusually violent (but short-lived) protest. Alternately, the results could be indicative of investor confidence in the corporate social responsibility initiatives of the South African mining industry as a whole. This paper is the first to examine the potential impact of the Marikana incident on the share prices of mining companies listed on the JSE. It should be of interest to both academics and practitioners wanting to understand how share prices react to exogenous events. It is also relevant for corporate-governance researchers concerned with the relevance of social and governance practices in a South African setting. This research is faced with the limitations associated with most statistical research: that causality cannot be ascribed to tested relationships. Notwithstanding these limitations, it is argued that these findings are important, given the significant coverage of the Marikana incident and the ongoing debate on the need for corporate social responsibility.

Assessing the potential impact of the Marikana incident on South African mining companies : an event method study

This study examines the potential impact of industrial unrest and the outbreak of violence at Marikana on 16 August 2012 on the share prices of mining companies listed on the Johannesburg Stock Exchange (JSE) using an event methodology. Contrary to expectations, the Marikana incident does not appear to have had a widespread and prolonged effect on the South African mining sector. This may be the result of the strike action already having been discounted into the price of mining shares, implying that the market was only reacting to the unusually violent (but short-lived) protest. Alternately, the results could be indicative of investor confidence in the corporate social responsibility initiatives of the South African mining industry as a whole. This paper is the first to examine the potential impact of the Marikana incident on the share prices of mining companies listed on the JSE. It should be of interest to both academics and practitioners wanting to understand how share prices react to exogenous events. It is also relevant for corporate-governance researchers concerned with the relevance of social and governance practices in a South African setting. This research is faced with the limitations associated with most statistical research: that causality cannot be ascribed to tested relationships. Notwithstanding these limitations, it is argued that these findings are important, given the significant coverage of the Marikana incident and the ongoing debate on the need for corporate social responsibility.

Corporate Social Responsibility in the Modern Economy: A Way to Sustainable Business Practices

CSR has been on the agenda in India for a considerable period of time. Most big Indian corporations are engaged in some CSR activities. As is the case in many countries, the private sector is still generally more active in this area than the governmental/public sector. Business leaders globally are advocating, the concept of social responsiveness. With the new socioeconomic order we have witnessed, there is a growing need for Corporate Social Responsibility (CSR) activities for companies to be main-streamed in the business. As a nation India face paradoxes and polarities. On the Human Development Index India rank at the lower end, a 127th! Nearly 40 per cent of the Indian population is not literate. More than 1/3rd of the population, often called, demographic dividend lives on less than a dollar and a quarter a day. But at the same time India take pride in the fact that she has made a mark on the intellectual world map. India boasts of the world's third largest, scientific and technical manpower, and is reckoned as an economic power house. India is a happening country, and fortunately inclusive growth is at the center of India’s national agenda. The Indian government is very serious about ensuring that this comes true quickly.

Financial Crisis and Accounting Information: The Need for Corporate Social Responsibility in Accounting Profession

This paper wants to draw attention on several aspects regarding the causes that led to the emergence of 21st century economic crisis, pointing their implications in the balance of economic-financial mechanisms. In history, on the occasion of economic and/or financial crisis, among their causes there are mentioned causes related to managers’ irresponsible actions, managers who, together with accounting professionals, chose to alter accounting data in order to create a more appealing image on the market of the company’s financial status. We will underline the role of accounting in system of a more efficient, socially responsible corporatist governing, capable of recreating economic-financial balances and of regaining the confidence of the population in economic values, as well as the role of accounting in “faithfully” reflecting these values.

Capitalist globalization, corporate social responsibility and social policy

This article outlines how the twin crises of capitalist globalization — of class polarization and ecological unsustainability — combine to produce the need for Corporate Social Responsibility (CSR) to attempt to bridge the gap between the rhetoric and reality of corporate conduct. The first section outlines how CSR relates to capitalist globalization and how it is integrated into the activities of the Transnational Capitalist Class (TCC). The role of CSR in relation to social policy is examined next leading on to an account of the uses to which CSR is put in policy discourse, particularly its strategic use in lobbying and the advance of corporate power.

Corporate social responsibility and SMEs: exploratory study on motivations from a Malaysian perspective

PurposeThis paper investigates the need for corporate social responsibility (CSR) in SMEs. Also, it aims to explore the motivations for practicing CSR from the perspective of Malaysian SMEs.Design/methodology/approachInvestigating the need for CSR in SMEs is done through a literature review. For the purpose of identifying the motivations for CSR practice, ten exploratory interviews were conducted with SME managers in Malaysia.FindingsThe findings show that Malaysian SMEs were mostly practicing CSR because of their own beliefs and values, religious thoughts, and pressure and encouragement from stakeholders.Research limitations/implicationsBecause this is an exploratory study, a small number of interviews were conducted. Future studies can expand this and go more in‐depth.Practical implicationsThe findings of the paper provide a good understanding of Malaysian SMEs' motivations for CSR, which will be helpful for policy‐makers.Originality/valueTo the best of the authors' knowledge, this is among the first studies focusing on CSR in the Malaysian SME sector. Also, the exploratory qualitative approach of the paper can provide a better vision for future research.

International Regime of Environmental Protection: Emerging Need for Corporate Social Responsibility or Corporate Liability?

stronger environmental laws armed with stronger and sharper teeth (enforcement mechanism) would serve the purpose of protecting this globe from burning out in global warming. It would not be sufficient to put a social responsibility (moral) on the corporations rather a criminal liability (sanction) is important for effective compliance. Further, there is a need of pubic participation and public accountability of corporations. Moreover, calls for stronger corporate laws cannot be viewed from just a financial perspective. The impacts of corporate activity on the environment and the community tell us that it also needs to be viewed from an environmental and social perspective. Therefore, corporate law reform must deliver strong laws that will ensure companies are governed in an environmentally and socially responsible way and that environmental and social impacts are considered in corporate decision making.

Does Corporate Social Responsibility Need Social Capital

This paper raises the question of whether controlling corporations through a monitoring system is a successful way to establish social standards within the supply chain. Since the debate thus far has concentrated strongly on the question of what monitoring systems look like and how they are implemented, this paper broadens the discussion by pointing out possible interrelations between the role of social capital and the diffusion of social standards. Therefore, an alternative concept of social capital is developed. It is shown that the right ‘composition’ of social capital is a necessary ‘ingredient’ for spreading social standards in the supply chain and into developing countries. These considerations are illustrated with a practical example of a public‐private partnership project in the German retail sector. ● Codes of conduct ● Corporate social responsibility

‘Radiomarathon’ in the Guinness World of Records: A tool for building a strong corporate reputation through corporate social responsibility

Is it in corporations' long‐term interests to exceed their social and environmental obligations and deliver a superior ethical performance? This is one of the key questions raised in the debate launched by the European Commission's green paper last year regarding the concept of corporate social responsibility (CSR). It is clear that the commercial world must rise to the challenge of building the confidence and trust demanded by stakeholders worldwide. There is a broad consensus on the need for businesses to take the social, economic, and environmental impact of their actions — the ‘triple bottom line’ — into account. Businesses are an integral part of the society (local and international) and they have to consider the impact their behaviour has on it. Many businesses highlight the links between CSR and their wider sustainable development agenda. Corporate reputation or image depends on how the company conducts or is perceived as conducting its business. Today the ability to build a sustainable corporate reputation is more important than ever before as stakeholders are more educated, more knowledgeable, and more demanding. The Cyprus Popular Bank, the second largest banking organisation in Cyprus, has developed and launched ‘Radiomarathon’ in support of children with special needs, which has won a place in the Guinness World of Records as the most successful charitable event in the world on the basis of per capita contribution, and was chosen among the top five charity events worldwide by the Chartered Institute of Bankers for 2003. Radiomarathon has been used in order to build a strong corporate identity and corporate reputation: “With the Radiomarathon we have hit a vein of gold…our corporate reputation is stronger than ever before! In such a turbulent climate, a positive corporate reputation can play a vital role in ensuring that the organisation is on a solid footing. ” (Yiannos Pissourios, Cyprus Popular Bank). The bank realised the importance and need for corporate social responsibility in their efforts to build a good corporate reputation and achieve competitive differentiation.

Linking Lifelong Learning, Corporate Social Responsibility, and the Changing Nature of Work

The problem and the solution. Organizations and employees are facing challenges that arise from the changing nature of work and the need for corporate social responsibility. Although two separate trends, they have similar implications for human resource development (HRD) and education and share links to the importance of lifelong learning. Through a whole system perspective on learning and collaboration between HRD and the education system, employees and organizations can adapt to the changes and benefit individuals, organizations, and society.