Corporate Social Responsibility Principles Research Articles

Embedding CSR into Public Relations: A Study from Polish PR Agencies

This study investigates the implementation and perception of Corporate Social Responsibility (CSR) within the public relations (PR) industry in Poland, with a focus on PR agency employees. Using a survey distributed among 192 PR professionals, this research evaluates the role of CSR in enhancing corporate reputation and engaging stakeholders, as well as its incorporation into PR strategies. The results indicate a significant alignment between CSR and PR practices, underscoring their combined effectiveness in fostering a positive corporate image. However, the findings also reveal a gap in the widespread understanding and integration of the CSR principles within PR efforts. The study advocates for further research on effective strategies that merge CSR and PR, with the aim of increasing both the societal and economic recognition of responsible business practices.

Fighting corruption: A theoretical articulation of the themes of social responsibility, corporate governance, and agency theory

Objective: Corruption, seen as the abuse or misuse of power or trust for one's benefit instead of the purpose for which that power or trust was granted, has caused problems for many countries and the principles of Social Responsibility through the models of Carroll and Schwartz and Corporate Governance (have been pointed out in the literature as a mitigating agent of this problem. On the other hand, other research indicates the need to be cautious when guided by the mentality of the Agency Theory, which defends it as a neutral and sufficient instrument to mitigate corruption problems. Method: This study consists of a theoretical essay based on a bibliographical survey that exposes the themes of Corruption, Social Responsibility, Corporate Governance, and Agency Theory. It surveys the different definitions, lines of research, lines of thought, supporting theories, dualities, and conflicts around the mainstream. Results: The study's justification is centered on the perception that while studies have empirically tested the relationship between corruption and countries' accounting environments, only some have dedicated themselves to critically reflecting on the knowledge produced about this relationship. Originality/Relevance: In the context presented, a good governance structure is recommended for effective administration and management in anti-corruption bodies. The principles of Corporate Governance and Social Responsibility, which are Transparency (disclosure), Accountability, and Fairness, align with the principles of Agency Theory, which are mainly related to ethics and morality in interpersonal relationships in organizations. Theoretical/methodological contributions: This contribution is intended to reflect on the need for organizations to contribute to the fight against corruption in their relations and to the realization of a socially responsible administration through Corporate Governance and Agency Theory, with consonance between the objectives of shareholders and agents in an intermittent fight against corruption.

이슬람 가치가 은행의 ESG 성과에 미치는 영향

The corporate social responsibility (CSR) and environmental, social and governance (ESG) issue has drawn global interest in financial markets. Many theoretical studies argue that Islamic principles connote the CSR and ESG principles as they emphasise socio-economic justice and prohibit the abuse of property. Therefore, the current study aims to empirically examine the impact of Islamic values on banks’ ESG. This study finds that Islamic values and principles play a crucial role in the increase of banks’ ESG performance. In particular, Islamic economy, law and governance, and human and political rights values significantly affect the environmental and social aspects of banks ESG. Secondly, Islamic banks’ ESG performance is more affected by Islamic values.

Проблемы реализации принципов социальной ответственности бизнеса в России

Business social responsibility is a form of self–regulation of business, which is aimed at achieving social, environmental, and philanthropic goals jointly with society and at the same time contributing to strengthening the brand's reputation. The principles of Business Social responsibility (SOB), or corporate social responsibility of business organizations, are now steadily spreading around the world, involving new countries and organizations - from small enterprises to multinational companies. Although the principles of the SOB are uniform, they acquire the characteristics of the country whose companies implement them in their activities. Priorities in the development of the state, the political structure, the state of the economy in the country, and key global problems leave their mark. In Russia, the concept of CSR has appeared relatively recently, at the moment there is an active process of forming an integrated approach to this phenomenon, which causes the emergence of a significant number of problems related to various aspects of the process under consideration. The purpose of the study is to analyze the dynamics of the development of social responsibility of Russian business through the prism of non–financial reports provided and to formulate the main problems of CSR implementation at the present stage. Research results: the concept, essence and basic principles of corporate social responsibility are considered, the main stages of the formation of CSR principles in Russia are studied. The dynamics of the provision of non-financial reports over the past 10 years has been analyzed, the structure of the submitted reports has been evaluated by industry characteristic of companies and by the share of organizations providing reports on a regular basis. The main disadvantages of the introduction of CSR principles from the point of view of entrepreneurship are studied. The main problems of CSR implementation at the current stage of development of the Russian economy are formulated and disclosed in detail. In the final part of the work, the main advantages of forming an integrated approach to the concept of CSR at the national level are formed, the main advantages of this process are presented.

Environmental stewardship and corporate social responsibility: A review of case studies from the oil and gas sector

This review presents a comprehensive review of case studies focusing on environmental stewardship and corporate social responsibility (CSR) within the oil and gas sector. The oil and gas industry plays a pivotal role in global energy production, yet its operations often pose significant environmental and social challenges. In response, companies in this sector are increasingly embracing environmental stewardship and CSR principles to mitigate negative impacts and foster sustainable practices. The review examines a diverse range of case studies from various regions and contexts, highlighting both successful initiatives and notable challenges faced by oil and gas companies in integrating environmental stewardship and CSR into their operations. Key themes explored include environmental conservation efforts, community engagement, stakeholder collaboration, regulatory compliance, and technological innovation. Several case studies demonstrate innovative approaches adopted by oil and gas companies to minimize environmental degradation, such as implementing advanced technologies for emission reduction, investing in renewable energy projects, and restoring ecosystems affected by exploration and extraction activities. Moreover, successful CSR programs are showcased, emphasizing community development initiatives, education, healthcare, and infrastructure improvement projects aimed at enhancing the quality of life for local populations impacted by oil and gas operations. However, challenges persist, including balancing economic interests with environmental and social responsibilities, navigating complex regulatory landscapes, and addressing stakeholder concerns effectively. Despite these challenges, the case studies underscore the importance of proactive engagement, transparent communication, and continuous improvement in fostering environmental stewardship and CSR within the oil and gas sector. The review offers insights into best practices, lessons learned, and future directions for promoting sustainability and responsible business practices in the oil and gas industry, thereby contributing to the broader discourse on corporate environmental responsibility and societal impact mitigation.

SUSTAINABILITY SYSTEM TO BENEFIT BOTH GUEST AND HOTELS

Background: The research paper was to develop a universal sustainability rewards program in an upscale business hotel. With growing concern for depleting natural resources this program aims at rewarding guests for conserving natural resources. Objective: The study was to identify the consumer behavior and perception towards sustainability and to curate a universal sustainable rewards program. This study proposes a conceptual framework that combines the principles of sustainability, customer loyalty, and corporate social responsibility to design a rewards program that promotes environmentally responsible behaviors among hotel guests. Methodology: Quantitative research design was used in which an energy survey of a two hotels was conducted through telephonic interview with the Incharge of the Hotel Engineering Department and a survey among five hundred general consumers was done to assess their attitudes and behaviors towards sustainability through a Google form. The data was analyzed by calculating frequency and percentage. Results: The findings indicated that sustainable practices have become increasingly important to guests (92%) and 98% feel that an encouraging program would be an effective way to promote sustainable behaviors. The study also identified the key features and benefits of a sustainability programs and around 90% of customers prioritize sustainability efforts and innovations when selecting their accommodations, reinforcing the on-going trend observed in consumer behaviour. Around 81.3% of respondents expressed their willingness to partake in a universal sustainability rewards program and provided recommendations for its successful implementation in hotels. The rewards program gives credit points for optimal conservation of resources. It is universal in nature, i.e. these points can be earned as well as utilized anywhere across the globe. Conclusion: The proposed program has the potential to enhance the hotel’s reputation as a socially responsible business, attract environmentally conscious guests, and contribute to the sustainable development of the hospitality industry.

The Impact of Cross-Border Mergers and Acquisitions on Corporate Organisational Resilience: Insights from Dynamic Capability Theory

Utilising panel data from Chinese listed companies between 2008 and 2020, this study employs propensity score matching (PSM) in conjunction with a multi-temporal difference-in-differences (DID) model to examine the causal impacts of cross-border mergers and acquisitions (M&As) on the organisational resilience of enterprises. The findings reveal that while cross-border M&As augment company risk-taking and short-term financial volatility, they also bolster long-term growth, thereby enhancing overall organisational resilience. Cross-border M&As are particularly beneficial for bolstering organisational resilience in state-owned enterprises, non-manufacturing firms, and companies located in the eastern and central regions of China. Moreover, adhering to the principles of corporate social responsibility and possessing substantial market power are found to enhance the impact of cross-border M&As on organisational resilience. The results of this research hold important practical implications for companies seeking to improve organisational resilience and achieve sustainable development.

Management of an international company: Directions and principles of corporate social policy

Aim. To identify the main directions and peculiarities of formation, development of modern corporate social policy (CSP) of leading international companies.Objectives. To characterize the priority directions and principles of CSR on management of an international company; to define the principles of corporate social responsibility of an international organization.Methods. The authors used empirical and analytical methods of research, analyzed the effective- ness of CSR, the level of development of intra-company labor relations on the example of the activities of Apple.Results. The social policy of an international firm is an important component of its business strategy, which allows it to strengthen its reputation and increase competitiveness in the global market. Intra-firm labor relations are one of the important elements of the social policy of the company of leading international corporations. They strive to create conditions for the maximum development of employees’ potential, providing them with equal opportunities and fair remuneration for labor.Conclusions. CSR initiatives have evolved today from a voluntary choice of individual companies into comprehensive strategies, mandatory rules at regional, national and international levels. Many international companies prefer to go beyond legal requirements and incorporate the idea of “doing good” into their business development models.

When Corporate Social Responsibility (CSR) Goes Wrong: a Second Assessment of the Integrated Waste Processing Plant TPST Samtaku in Jimbaran, Badung Regency

The June 2023 edition of Astonjadro contained an article arguing that the Integrated Waste Processing Plant (Tempat Pengelolaan Sampah Terpadu, TPST) built in Jimbaran Bali provides a model for corporate social responsibility (CSR) (Okta Golden, 2023 April). The objective of this paper is to provide an alternative view from the neighboring community. The key methodology is a document review, of documents collected through action research by the author, until recently a resident suffering from the mis-location and mismanagement of the TPST, and active with the community in complaining and finally demanding its closure. The paper assesses the performance of applying for permission to build and operate the TPST, based on Indonesia Business Links principles of CSR, and assesses a failure in five of the seven principles. The paper questions the motives for inconsistencies and deceit uncovered, saying a response is beyond the scope of the paper. It sees Okta Golden, the author of the original paper, as a victim of the lack of social responsibility, It sees the regular requests for suffering neighbors to collaborate as inappropriate. It concludes that the assessment by Okta Golden that TPST Samtaku Jimbaran is a model of CSR was misplaced.

Assessing engineering students’ attitudes towards corporate social responsibility principles

ABSTRACT Ethical and sustainable thinking is an important competence in the engineering education to support students’ abilities to act and perform in a responsible manner in corporate contexts, and consequently contribute to a sustainable future. This paper investigates engineering students’ attitudes towards ethical and sustainable thinking focusing on the corporate social responsibility (CSR) principles in the context of entrepreneurship courses as a part of larger research project. Engineering students from a Finnish and an Estonian university (N = 342) responded to a self-assessment survey. The students’ attitudes towards CSR principles were assessed both on the enterprise level and the individual level as expectations of potential future employees. The findings indicate that engineering students acknowledge the need to take into account responsible thinking and that it is important for enterprises to be both socially and environmentally responsible in their activities. The self-assessment tool of ethical and sustainable thinking associated with the entrepreneurship competence model and CSR principles can be helpful in practice when university teachers wish to support and assess their students’ attitudes towards CSR principles among other entrepreneurship competencies when creating new course content.

Promotion of the Principles of Corporate Social Responsibility and their Implementation by Large Businesses in Kazakhstan

The article discusses the features of promoting the principles of corporate social responsibility in the Republic of Kazakhstan. All components of promoting the principles of corporate social responsibility in Kazakhstan are considered as a single system, which defines the conceptual framework, stakeholders in the development of corporate social responsibility, as well as legal support for its development in the country. The authors characterized the Kazakh model of corporate social responsibility of large businesses and gave examples of the practical implementation of its principles at the present stage. Social investment of subsoil user companies in the territory of their presence in the Pavlodar region was analyzed. The considered social investment was carried out within the framework of memorandums of mutual cooperation with local executive authorities. The authors formulated conclusions that the Kazakhstani corporate social responsibility model is still evolving, with a combination of state regulation and business interaction, and further efforts are needed to increase corporate social responsibility commitments and embrace global initiatives.

ВПЛИВ СОЦІАЛЬНОЇ ВІДПОВІДАЛЬНОСТІ БІЗНЕСУ НА ЕКОНОМІЧНИЙ РОЗВИТОК

Social responsibility of business involves a certain level of its development and a voluntary response to social problems arising in society. This concept comes from the position that an entrepreneur, existing in society and being inevitably dependent on it, must both develop his business and receive the appropriate entrepreneurial income, and in this connection is forced to satisfy certain social demands of the population. The benefit that socially responsible business brings to society is obvious. The main problem is how profitable such activities are for the business structures themselves. Corporate social responsibility programs are exclusively voluntary. However, the thesis that in today's world socially responsible business is not only a necessity, but also a direct benefit, finds more and more confirmation today. Indirect evidence of the positive impact of CSR on business performance is also the fact that most of the world's largest corporations simultaneously occupy leading positions in the field of CSR. The author's interpretation of the essence of the social responsibility of business, the economic reasons for its formation and development through the prism of the institutional approach, in particular the institutional theory of the enterprise, is presented. The subject of the article is the concept of "corporate social responsibility" and its perception by representatives of the state, business and society. The article analyzes the process of forming norms and rules of interaction of these institutions, the forms of their participation in the socio-economic development of the country, as well as the productivity of their cooperation in solving the tasks in the public sector. Special attention is paid to the approach to corporate social responsibility as a pragmatic direction of business, which allows to increase the company's business reputation, establish balanced relations with all groups of influence, effectively manage non-production risks. As a result of the conducted analysis, a conclusion was made about the gradual awareness by the business community of the need to include the basic principles of corporate social responsibility in business practice.

TRENDS IN HR MANAGEMENT AT THE ENTERPRISE

The purpose of this article is to assess the possibility of introducing new approaches to personnel management into domestic practice. Summarizing the results of the study, we can note the following: there is a discrepancy in the study of HR management issues in domestic scientific works and foreign scientific thought. Recent studies by Ukrainian scholars are related to the assessment of international experience in HR practices, adaptation of domestic HR systems to external challenges (war, pandemic, etc.). Foreign works are devoted to the disclosure of the theoretical and practical foundations of the application of new HR practices, empirical research of the effectiveness and efficiency of their implementation, and case studies. In the light of the trend in HR management to take into account the interests of the employee and ensure his/her well-being, the following newest HR practices have been selected for implementation in domestic enterprises: personalized human resource management; management practices based on corporate social responsibility; HR co-creation; Agile HR. Among the disadvantages and problems of applying personalized human resource management is the lack of time and personnel in the HR department to select an individual management strategy for each employee if the company is medium or large in size. The difficulty of assessing employee well-being can be an obstacle to implementing the principles of corporate social responsibility in human resources management. It is necessary to take a balanced approach to the formation of a system of direct and indirect indicators of employee satisfaction to obtain a true assessment. A rather patriarchal society, which is characterised by top-down implementation of innovations rather than the design of new HR management practices with the involvement of outsiders, may be an obstacle to the introduction of HR co-creation approaches. The main obstacle to the introduction of Agile HR may be the reluctance to change the organisational structure of HR management, as well as the reluctance of staff to abandon template solutions. Prospects for further research in the subject of this article are related to the assessment of the readiness of domestic enterprises to introduce innovations in the field of HR management.

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.

Corporate Sustainability and Vision 2030: Exploring ARAMCO's Role in Promoting Social Responsibility for Sustainability

Abstract: Saudi Arabia stands as a rapidly growing economic power. It has emerged as a leading country in adopting and integrating Corporate Social Responsibility (CSR) activities. The aim of the organisation is to be globally preeminent unified energy and chemicals company, functioning in a safe, sustainable and reliable manner. Corporate entity openness and moral behaviour is the focus of Aramco's CSR guidelines. Aramco's CSR principles include achieving long-term progress and adhering to local and international laws. The CSR strategy is imbibed into the company's business strategy, which is founded on four focus areas of sustainable development: Climate change and the energy transition, safe operations and people development, minimizing environmental impact and growing societal value. Each of these focus areas support Aramco’s strategic themes, and align with both Saudi Arabia’s Vision 2030 and the U.N. Sustainable to create a vibrant civilization, flourishing economy and building a determined nation. Method: This study examines Saudi Aramco's on the CSR front, the industry's largest oil exporter. Efforts have been made through the use of secondary data to capture the drivers and modus operandum used by the organization for its commitment towards sustainability. Results: The industry’s largest oil exporter has adopted several practices in their efforts to become socially responsible and sustainable. Evidence (Aramco sustainability report 2022) has revealed that shift in perspective has taken place over the past year, increasing acceptance of the fact that there needs to be a better balance between maintaining energy security, energy affordability, and environmental sustainability. CSR practices have a positive impact on company performance, reputation, customer satisfaction, loyalty, employee engagement and minimizing any negative environmental and social impacts, to build something that will last a company that will still be standing strong, generations from now. Conclusion: The journey towards effective CSR implementation is dynamic, marked by achievements and challenges. Aramco's commitment to CSR, underscored by its alignment with Saudi Arabia's ambitious vision, paints a compelling picture of sustainable growth and impact for the organization and the broader nation. As the landscape of corporate responsibility continues to evolve, organizations that adeptly navigate these waters are poised to contribute meaningfully to both their own success and the betterment of society at large.

Tortious Liability of Companies

Tortious liability of companies, in simpler terms, is about holding big businesses accountable when they do something wrong. Just like individuals can be responsible for their actions, companies can too. The concept of tortious liability of companies refers to the legal responsibility that corporations can bear for their wrongful acts or negligence, resulting in harm to others. Companies can be liable for torts committed by their employees, agents, or representatives acting within the scope of their employment. In today’s business world, understanding this concept is paramount. It serves as a vital cornerstone for maintaining ethical and responsible corporate behavior, safeguarding the rights and well-being of consumers and stakeholders, and ensuring a fair and just business environment. This understanding not only protects individuals and the environment from corporate harm but also shapes the principles of corporate social responsibility and accountability that define modern business practices. In a world where corporations wield immense influence, comprehending tortious liability is essential for upholding legal and ethical standards in the corporate landscape.

The Effects of the Covid-19 Pandemic on Corporate Social Responsibility and Business Performance in Companies Listed on the Warsaw Stock Exchange

Abstract The COVID-19 virus pandemic had an impact on all segments of life, including dally operations of companies. Companies had to adapt to market developments and change their business philosophy in order to survive in the market. This paper showed how the crisis caused by the COVID-19 virus pandemic affects the business of companies. This study aims to examine the business performance indicators (BPI) of companies listed on the Warsaw Stock Exchange (WSE) before and during the COVID-19 pandemic with a focus on corporate social responsibility (CSR). In order to examine this, a multivariate regression analysis was conducted. The findings show that there were no changes in the BPIs before and during the COVID-19 pandemic in companies in relation to CSR strategy. The only exception was found in the group of CSR companies that reported a lower profit margin during the COVID-19 pandemic. Companies with better BPIs may be willing to introduce CSR principles into their strategy and during the pandemic, intangibles influenced CSR strategy in a negative way. The limitations of the article are related to the study of only one market. Identified relationships allowed for a better understanding of the application of social responsibility principles among enterprises in Central Europe.

Business Participation in the Implementation of Child-Friendly City Policy in Depok City

The implementation of child-friendly city policies plays a pivotal role in ensuring the well-being and optimal development of children within urban environments. This article explores the significant involvement of the business sector in supporting the implementation of child-friendly city policies in the context of Depok City. The engagement of the business sector, facilitated by the Association of Indonesian Child-Friendly Companies (Asosiasi Perusahaan Sahabat Anak Indonesia or APSAI), along with the principles of Corporate Social Responsibility (CSR), forms a crucial partnership with the government and the community to create an environment that nurtures the growth of children. This article discusses the multifaceted contributions of the business sector, focusing on financial investments, infrastructural development, educational initiatives, and collaborative efforts aimed at enriching the lives of children in Depok City. It delves into the model of Van Meter and Van Horne (1975) to analyze the factors influencing the implementation of child-friendly policies and elaborates on the distinctive roles APSAI and CSR play in supporting this endeavor. By examining these roles comprehensively, the article underscores how collaborative efforts among the government, the community, and the business sector can holistically foster a city that prioritizes the rights and well-being of its youngest inhabitants. Ultimately, this article highlights the significance of leveraging business resources, expertise, and commitment to contribute to the realization of a child-friendly urban environment. It underscores the importance of fostering partnerships, effective communication, and continuous coordination between these stakeholders to ensure the successful implementation and sustainability of child-friendly city policies in Depok City

The Role of Corporate Social Responsibility in the Sustainability of Tourism Village

The COVID-19 pandemic that has hit the world has an impact on health and other sectors such as education, social culture and the global economy. Tourism, which is used as the locomotive of economic development, is the sector that is most affected, especially in Badung district because it sees people's livelihoods depending on the tourism sector. To improve the economy, the government has made efforts to deal with the phenomena that occur due to the impact of the Covid 19 virus, including by encouraging and motivating state-owned companies (BUMN) to continue to contribute to improving the welfare of the community by remaining consistent and sustainable in implementing Corporate Social Responsibility (CSR) programs. To correlate the phenomena that occur, especially in the field of funding and assistance through CSR in the tourist village area, and companies in the concept of Community Based Tourism (CBT) and also to grow the community's desire for entrepreneurship in relation to supporting the needs of tourists with a target towards sustainable tourism villages. This paper analyzes the implementation of corporate CSR in the development of sustainable tourism villages in Badung district by upholding the principles of corporate social responsibility (CSR). The analysis was carried out using mixed methods, namely measuring quantitatively and strengthening the measurement results by sharpening the results with qualitative methods in developing and sustainability tourist villages in Badung regency.

Konsep dan Implementasi Corporate Social Responsibility Berbasis Kearifan Lokal Indonesia : Sebuah Tinjauan Literatur

Corporate social responsibility (CSR) was just formally established in Indonesia by Limited Liability Companies Law Number 40 of 2007. The fundamental principles of CSR, on the other hand, are not new and can be interpreted through Indonesian local wisdom. The purpose of this research is to determine the concept and practice of CSR based on local wisdom that exists in Indonesia. This research can provide a comprehensive understanding in developing CSR strategies that have a positive impact on society and the environment, as well as maintaining the sustainability of the relationship between companies and local communities. To achieve its goals, this study reviewed 20 CSR articles based on local wisdom with an Indonesian background. To find relevant articles, this study evaluates the Scopus, Web of Science, and Google Scholar databases. This research focuses on the concept of CSR and its implementation in various Indonesian local cultures. According to the findings, CSR planning, implementation, and evaluation that considers local wisdom can lead to a sustainable CSR program. This research will also help future researchers conduct CSR research based on local wisdom by filling identified research gaps.