Promote Corporate Social Responsibility Research Articles

The impact of government green subsidies on corporate green innovation

This paper empirically examines the impact mechanism of government green subsidies on corporate green innovation using panel data of Chinese A-share listed companies from 2011 to 2022. Government green subsidies have a significant positive impact on corporate green innovation, and increasing government green subsidies helps promote corporate green innovation. The mechanism study finds that the mechanism of corporate social responsibility and digital transformation is significant, and government green subsidies can help promote corporate social responsibility and digital transformation to enhance green innovation.

The Triple Bottom Line: Prioritizing CSR, Human Capital, and GHG Reduction for Sustainable Economic Growth in Indonesia

Our study, which covered the years 2008 to 2022, aimed to create “autoregressive vectors” to investigate the interrelationships between corporate social responsibility (CSR), greenhouse gas net (GHG), human capital (HCPT), and human resources in Indonesia. We used data from the World Bank, OECD, and Bank Republic Indonesia to conduct an analysis of the correlation between these variables. Our results showed that there are significant relationships between corporate governance self-assessment (CGS), GHG, and HCPT in Indonesia. The positive correlation between GHG and CGS suggests that as GHG emissions increase, the level of corporate governance self-assessment also increases. This finding implies that companies that prioritize reducing GHG emissions tend to have better corporate governance practices. Moreover, investing in reducing GHG emissions can have a positive impact on human capital development. However, the negative correlation between HCPT and CGS implies that an increase in human capital may result in a decrease in the level of corporate governance self-assessment. This finding highlights the importance of balancing investments in human capital with maintaining good corporate governance practices to ensure sustainable economic growth. Furthermore, promoting corporate social responsibility can enhance companies’ reputation and increase their brand value, which can positively impact their CGS. Therefore, it is essential for companies to prioritize CSR practices, invest in human capital development, and reduce GHG emissions to ensure sustainable economic growth and maintain good corporate governance practices in Indonesia. Keywords: corporate social responsibility, greenhouse gas net, human capital

Biomass supply chain coordination considering government subsidies and corporate social responsibility

PurposeThe purpose of this paper is to investigate the impact of various decision-making approaches and government subsidies on supply chain performance, aiming to enhance the profits of disposal firms and retailers as well as to improve social welfare.Design/methodology/approachIn this paper, a two-echelon biomass supply chain composed of a disposal firm and a retailer is developed. Firstly, considering the effects of government subsidies, we analyze biofuels prices, corporate social responsibility levels, social welfare and supply chain profitability under centralized and decentralized decision-making scenarios, respectively. Furthermore, we assess how subsidies influence pricing, market participation, profitability and social welfare. Secondly, we propose a revenue sharing–cost sharing contract to enhance the profits of the disposal firm and retailer. Thirdly, we extend the supply chain to a disposal firm and two retailers and explore the impact of competition intensity on corporate decision-making behavior. Finally, numerical analysis is conducted by taking one biomass energy firm as an example to support the results.FindingsOur research finds that (1) Equilibrium strategies under the centralized decision-making scenario are greater than those under the decentralized decision-making scenario. Centralized decision-making can increase market demand and consumer surplus. (2) Government subsidies can promote corporate social responsibility levels, despite causing a slight increase in retail price for biofuels. When market competition intensifies, companies usually reduce their investment in CSR, and this trend is particularly pronounced in the absence of subsidies. (3) In both the decentralized and the centralized decision-making scenarios, increasing conversion rates and the CSR coefficient can significantly increase the overall profitability and social welfare.Research limitations/implicationsA three-echelon biomass supply chain involving collection station, disposal firm and retailer can be studied in the future.Originality/valueBy examining the effects of subsidies on CSR engagement and market outcomes, our study contributes valuable insights into policy design for promoting sustainable practices in biomass industries.

Internal Information Quality and Corporate Social Responsibility Performance: An Analysis of CSR Strengths and CSR Concerns

ABSTRACT Our study investigates whether the quality of information available within firms promotes corporate social responsibility (CSR) performance. Using different measures of internal information quality, we find that internal information quality is positively associated with CSR strengths, which are discretionary in nature, and negatively associated with CSR concerns, which are compliance oriented. We find that the positive association between internal information quality and CSR strengths is stronger in settings with internal information asymmetries due to greater cash flow volatility, a larger number of employees, or a broader geographic footprint. We also find that the negative association between internal information quality and CSR concerns is stronger in compliance settings where there are internal information asymmetries linked to year-over-year increases in concerns. Our results suggest that organizational practices that improve a firm’s internal information environment will likely enhance CSR performance by promoting CSR strengths and diminishing CSR concerns. Data Sources: Data are available from the public sources cited in the text. JEL Classifications: M14; Q56; M41; D8.

Analysis of the Impact of Green Accounting Information Disclosure on Corporate Financial Performance

Green accounting information disclosure, as an emerging accounting practice, aims to promote corporate social responsibility by recording, reporting, and disclosing corporate actions and performance in environmental protection. This study explores the impact of green accounting information disclosure on corporate financial performance and its significance in modern corporate management. The study finds that green accounting information disclosure not only enhances a company s social image but also improves its financial performance in the long term.

Innovation-driven development and corporate green innovation

This study investigates the impact of innovation-driven development on corporate green innovation. Leveraging China's national innovation-driven pilot policy as a quasi-natural experiment, we employ a difference-in-differences (DID) approach to demonstrate that this policy significantly boosts corporate green innovation. Our findings reveal three key mechanisms through which innovation-driven development fosters green innovation: stimulating R&D investment, enhancing green innovation efficiency, and promoting corporate social responsibility. Heterogeneity analysis indicates that the policy's effects are more pronounced for firms with higher analyst attention, stricter financing constraints, and more stringent environmental regulations.

Corporate social responsibility, policy framing and strategic marketing: understanding the alcohol industry’s use of social media in Uganda

BackgroundSub-Saharan Africa is important to the future of alcohol and global health because the alcohol market there is expanding rapidly in a relatively young population. This entails a corresponding contest about whether the policy measures adopted will be shaped by scientific evidence or by industry interference in alcohol policy. This study examines how alcohol industry actors use social media.MethodsUganda was selected for study because of high levels of alcohol harm and recent alcohol policy debates. Data on the X (formerly Twitter) activity of the Ugandan companies of AB InBev and Diageo, who are the two main brewers, and the trade association including both, were collected, coded and thematically analysed.ResultsX is used overwhelmingly by alcohol industry actors in Uganda to promote corporate social responsibility (CSR) and alcohol policy framing content. There is little direct product marketing. The framing of policy problems and solutions, and of the actors involved in policymaking and CSR resembles that used elsewhere in the political strategies of the transnational alcohol corporations. Content which appears more emphasised in Uganda includes material on farmers, illicit trade and contribution to the economy. As elsewhere, it avoids giving attention to the policy measures which would make a difference to the levels of alcohol harms endured by Uganda. Rhetorically, X is thus used to create a parallel universe, in which the actual harms and what is known about how to reduce them are conspicuous by their absence.ConclusionsThe alcohol industry presents itself as indispensable to Uganda’s future and appears to have developed relationships with politicians, partnerships with government, and built a coalition with farmers. This means the alcohol industry may be well positioned to oppose public health policy measures, even though their arguments lack substance and are at odds with the evidence.

Exploring Social Responsibility in Sports Management: A Comprehensive Literature Review

This study examines the integration of social responsibility within sports management, highlighting its unique challenges compared to traditional corporations. Through a systematic literature review of 51 studies from 1993 to 2021, this paper identifies key challenges and opportunities in promoting Corporate Social Responsibility (CSR) in sports. The analysis reveals diverse theoretical frameworks and methodological approaches, with stakeholder theory being most prominent. Findings emphasize the need for theoretical coherence and highlight three primary clusters of CSR in sports: societal impacts, ethical governance, and diversity inclusion. The review underscores the influential role of athletes and the complexities of addressing corruption and racism in sports management. It identifies the influence of celebrity status, stakeholder engagement, and the integration of sustainable practices as crucial factors in promoting positive societal change. It also addresses the complexities of ethical behavior, cultural diversity, and stakeholder management in sports. This study contributes to the discourse on sports management by offering insights into the multifaceted challenges and opportunities inherent in promoting sustainability and ethical conduct in the sports industry.

A Study On Influence of Green Accounting On CSR Activities of the Company-Managers Perspective

The study is mainly concerned with investigating the influence of Green Accounting on the CSR activities of the company from the view point of Managers. Green accounting or environmental accounting is mainly concerned with managing and measuring the impact of environmental activities. This has been increasingly emerging in the recent years as a part of corporate sustainability efforts of the organisation. This study mainly analyses the awareness level of managers towards green accounting, effectiveness of green accounting in promoting Corporate Social responsibility initiatives and also examines the challenges of integrating green accounting on CSR activities of the organisation. In this era of undue importance given to organisations sustainability, understanding the influence of Green Accounting on CSR activities from manager’s perspective becomes crucial.

Assessing the Nexus between Social Responsibility, Environmental Initiatives, and Profitability: A Sustainable Finance Perspective of the Universal Banks in the Philippines

This study examines the impact of social responsibility and environmental projects on the profitability of 10 Universal Banks in the Philippines within the context of the Bangko Sentral ng Pilipinas (BSP) through sustainable finance framework. The research adopts a quantitative approach and analyzes data from 2019 to 2021 using exploratory data analysis and regression analysis was used to capture any evolving trends or shifts in the relationship between banks' engagement in these projects and their financial performance. The study found that the number of social responsibility and environmental projects undertaken by Universal Banks did not exhibit a statistically significant impact on their profitability during this period (2019-2021). However, the study emphasizes the broader value of these initiatives, as they contribute to sustainability, promote corporate social responsibility, and align with global trends towards a more environmentally conscious and socially responsible business landscape. The research suggests that banks should continue to invest in social and environmental projects for their substantial societal and ecological impacts, aligning with the evolving needs and expectations of customers, investors, and the broader community.

Do Old Board Directors Promote Corporate Social Responsibility?

This study investigates the influence of old directors on corporate social responsibility (CSR) using roughly 25,000 firm-year observations from 2001 to 2015 in the United States. We employ the widely used selection, optimization, and compensation (SOC) model from psychology to explain the CSR decisions of old directors. Our results indicate that firms with a higher percentage of old directors tend to have lower engagement in CSR activities. To address endogeneity, we adopt the difference-in-differences method and use the event of sudden deaths and unexpected retirements of old directors and find that our results remain robust. Our analysis also reveals that the negative impact of old directors on CSR is more significant in firms where directors receive fewer reputational spillover benefits from CSR initiatives and/or firms exhibiting poor corporate governance. In addition, this adverse impact of old directors comes from two effects: a reduction in efforts to enhance CSR strengths and an increase in inaction to address CSR concerns. Overall, these findings suggest that the CSR decision-making process of old directors involves assessing the costs and benefits of CSR engagements, consistent with our hypothesis derived from the SOC model.

THE EFFECTS OF LOCAL SHAREHOLDERS ON FIRM PERFORMANCE: EVIDENCE FROM CORPORATE SOCIAL RESPONSIBILITY

This paper shows that local institutional shareholders tend to improve firm performance through corporate social investments. Using an extensive U.S. mutual fund-firm dataset, we find that local mutual funds tend to promote corporate social responsibility (CSR). In addition, the social investments are positively associated with firm performance. Finally, it is evident that CSR mediates the relation between local ownership and firm performance. Consistent with instrumental stakeholder theory, our findings suggest that local shareholders help firms develop reputational and relationship capital through CSR and lead to higher firm performance.

Do anticipated government environmental audits promote corporate social responsibility? Evidence from China

AbstractWe examine the impact of China's announcements of upcoming government environmental audits (GEAs) on firms' corporate social responsibility (CSR). We hypothesize that firms, especially heavily polluting firms, engage in more CSR to proactively burnish their public image to weather forthcoming adverse outcomes from a GEA. Our baseline findings confirm that firms respond to the government's GEA announcement by engaging in more CSR. Additional analysis suggests that reputation concerns and environmental fines mediate the impact of GEA announcements on CSR. Cross‐sectional analyses show that the effect of GEA announcements on CSR is more salient for firms: (1) in a business environment in which GEAs are more effective, (2) that CSR engagement is critically important, or (3) that CSR can serve some special function. Overall, our findings imply that it is generally a good government policy to implement GEAs.

PRINCIPLES AND MECHANISMS FOR THE FORMATION OF SOCIAL RESPONSIBILITY OF BUSINESS

Corporate social responsibility (CSR), or business social responsibility, is the enterprise's commitment to responsible practices regarding its products and services, employees, consumers, and partners. The social stance of a company, which emphasizes harmonious coexistence and dialogue with society to address pressing social issues, has only fully developed in the last few decades. Social responsibility should be a discretionary requirement for modern businesses. Unfortunately, in the domestic business environment, CSR does not yet hold a prominent place. This is characterized by a high level of shadow operations. However, in recent years, certain evolutionary processes have been observed in the Ukrainian business environment, which are associated with the general approaches to implementing CSR. CSR has become more systematic. The implementation of CSR can enhance profitability, improve a company's image, reduce costs, and boost employee morale. The promotion of CSR can be facilitated by the use of new technologies, the creation of new types of products, and innovative activities. Consequently, a company’s profits are generated through cost reduction, the formation of new markets for goods or services. This is the path chosen by developed companies, resulting in a higher level of CSR. However, this approach is quite risky for Ukrainian enterprises and requires long-term financial investments. A set of specific CSR principles can be proposed, the implementation of which should align with a system of general principles: transparency, systematicity, relevance, and partnership. A company has the right to call itself socially responsible when it operates according to these principles.

Research on the Relationship Between ESG Rating and Stock Pricing

Nowadays, the development of green industries is the focus of Chinese ecological civilization construction and the main growth point of China's economic development. As an important evaluation index, Emotional, Social and Governance(ESG) rating can not only reflect the development quality of listed enterprises, but also promote corporate social responsibility. At the same time, ESG will convert external costs in the production process of the enterprise into internal costs, affecting the resource allocation of the enterprise, and guiding the enterprise to adopt corresponding sustainable strategies and plans. Therefore, this article focuses on the relationship between ESG and stock pricing ratings. The data in this paper comes from the Wind database and the relevant data of listed companies in the stock market from 2018 to 2022 from the CSMAR database, and through the fixed-effects model, it is concluded that the relationship between corporate ESG and the price-to-book ratio of their stocks is inversely correlated.

FORMATION OF AN ASSESSMENT OF SOCIAL RESPONSIBILITY OF BUSINESS

Corporate social responsibility (CSR), or business social responsibility, is the enterprise's commitment to responsible practices regarding its products and services, employees, consumers, and partners. The social stance of a company, which emphasizes harmonious coexistence and dialogue with society to address pressing social issues, has only fully developed in the last few decades. Social responsibility should be a discretionary requirement for modern businesses. Unfortunately, in the domestic business environment, CSR does not yet hold a prominent place. This is characterized by a high level of shadow operations. However, in recent years, certain evolutionary processes have been observed in the Ukrainian business environment, which are associated with the general approaches to implementing CSR. CSR has become more systematic. The implementation of CSR can enhance profitability, improve a company's image, reduce costs, and boost employee morale. The promotion of CSR can be facilitated by the use of new technologies, the creation of new types of products, and innovative activities. Consequently, a company’s profits are generated through cost reduction, the formation of new markets for goods or services. This is the path chosen by developed companies, resulting in a higher level of CSR. However, this approach is quite risky for Ukrainian enterprises and requires long-term financial investments. A set of specific CSR principles can be proposed, the implementation of which should align with a system of general principles: transparency, systematicity, relevance, and partnership. A company has the right to call itself socially responsible when it operates according to these principles.

Financing a Sustainable Future: The Role of Equity and Credit Market Development in Promoting Corporate Social Responsibility

Financing a Sustainable Future: The Role of Equity and Credit Market Development in Promoting Corporate Social Responsibility

Enhancing Corporate Sustainability and Competitiveness through Energy Efficiency: A Literature Review

This paper examines the role of energy efficiency in enhancing corporate sustainability and competitiveness. Employing a systematic literature review methodology, we analyze the financial advantages, corporate sustainability alignment, and crisis resilience associated with energy efficiency measures in business operations. The results highlight the significant cost savings, improved profitability, and enhanced competitiveness resulting from energy-efficient practices. Furthermore, we elucidate how energy efficiency initiatives align with broader corporate sustainability objectives, reduce environmental impact, and promote corporate social responsibility. Additionally, the paper discusses how energy efficiency enhances organizational resilience by bolstering preparedness for crises and promoting long-term sustainability and adaptability. The main implications of our findings underscore the importance of prioritizing energy efficiency as a strategic imperative for businesses seeking to achieve sustainability goals while maintaining competitiveness in a rapidly evolving global landscape.

Gender pay gap in the Czech Republic: focused on management

The existence of a gender pay gap is well known. This paper focuses on the issue of the pay gap in managerial positions. It aims to examine the development of the gender pay gap in managerial positions in the Czech Republic and to identify the unexplained part of the gender pay gap, which could be an indication of gender pay discrimination. To estimate the unexplained part of the gender pay gap data from the European Union Statistics on Income and Living Conditions (EU-SILC) was used and the Oaxaca-Blinder decomposition was applied. The results show that in the period 2005-2019, the average raw gender pay gap in management was 0.22 and the unexplained part was 0.13, using the Neumark’s variant of the decomposition. Differences in women’s and men’s personal and firm characteristics could explain about one-third of the pay gap. The results also suggest that the situation has not changed much over the period considered and that the unexplained part of the gender pay gap has decreased only slightly between 2005 and 2019. Thus, reducing the gender pay gap remains a major challenge for both economic policy makers and companies in promoting corporate social responsibility policies.

Research on the impact of the integration of digital economy and real economy on enterprise green innovation

Enhancing the green innovation capability of enterprises holds pivotal significance in achieving the “dual carbon” target. The integration of digital economy and real economy provides new ideas for promoting green innovation in enterprises. Based on the Chinese A-share listed companies panel data from 2011 to 2022, this paper empirically tests the impact of the integration of the digital economy and real economy on enterprise green innovation. The results show that integrating the digital economy and the real economy significantly positively affects green innovation. Improving the integration level of the digital and real economies is conducive to promoting green innovation. Intrinsic mechanisms show significant mediating effects on financing constraints, enterprise digital transformation, and corporate social responsibility. The integration of the digital and real economies can promote enterprise green innovation by alleviating enterprise financing constraints, driving enterprise digital transformation, and promoting corporate social responsibility. Heterogeneity analysis shows that the impact of integrating the digital and real economies on enterprise green innovation affects state-owned enterprises more than private enterprises. The effect on small enterprises is significantly positive at the 1 % confidence level; however, the impact on the green innovation of large enterprises is not significant.