Social Responsibility Value Research Articles

Digital economy development, corporate social responsibility and low‐carbon innovation

AbstractThe coordinated development of digitization and greening is the internal demand for the comprehensive transformation and upgrading of enterprises worldwide. Based on data of China's A‐share listed companies from 2012 to 2019, this article empirically confirms the stimulating effect of digital economy development on corporate low‐carbon innovation. The mechanism tests show that the above stimulating effect is due to both the reduction effects of financing constraints and environmental uncertainty brought by the rapid development of the digital economy. In addition, this article discusses the value of corporate social responsibility (CSR) and finds that the promotion of CSR can significantly improve the policy effect of digital economy development in enabling corporate low‐carbon innovation, especially for private listed enterprises in high‐pollution industries. The findings of this article deepen our understanding of how to promote corporate low‐carbon sustainable development in the digital era.

Corporate Social Responsibility of Companies in the Context of Russian Military Aggression in Ukraine

The war in Ukraine became a test for many foreign companies from the point of view of implementing the principles of corporate social responsibility, which they had previously declared. This especially affected international businesses, including Polish companies, that actively worked on the Russian and Ukrainian markets, whose economic interests for many years related to cooperation with Russian partners and the sale of Russian goods on the market of Ukraine. This article is devoted to the issue of corporate social responsibility of businesses in the context of Russian military aggression in Ukraine. The main objective of the presented paper was to identify and clarify the role of corporate social responsibility and business attitudes towards corporate social responsibility and its impact on decisions on possible cooperation in times of war. In addition, the specific objective was to identify the effects of Russia’s aggression against Ukraine on business activities conducted by Polish entrepreneurs, considering their attitudes towards corporate social responsibility principles. This goal was achieved through an analysis of the literature on the subject and in-depth interviews conducted with a sample of 100 Polish entrepreneurs. The results indicated that Polish entrepreneurs felt significant negative consequences of the conflict. After Russia’s aggression against Ukraine, most surveyed companies suspended (47,1%) or ended cooperation (43.1%) with Russian partners or exported products to Russia. Contrary to expectations, only some companies (18.4%) cited corporate social responsibility values among the reasons for this decision. It was also shown that there was no relationship between corporate social responsibility involvement and the declared ratings of companies remaining in Russia. In addition, companies reporting to suspend their activities during the conflict are considering a return to earlier cooperation in the future.

A win‐win way for corporate and stakeholders to achieve sustainable development: Corporate social responsibility value co‐creation scale development and validation

AbstractThe present study intends to develop and validate a multidimensional evaluation standard for customers' participation in corporate social responsibility (CSR) value co‐creation (VCC), which has grown exponentially since the start of the Internet commonweal platform era. A Delphi study was conducted with a group of 30 professionals and local community members. Initial items for measuring CSR VCC were derived from the Delphi study. These items were then used to devise a questionnaire that was ultimately administered to 844 customers. Exploratory and confirmatory factor analysis resulted in 28 items based on five factors: customer participation, customer response, corporate response, interaction, and sustainability. Both convergent validity and discriminant validity were verified between factors. Finally, structural equation modeling was used to verify the nomological validity of the scale. This evaluation scale is expected to provide a criterion that can help companies effectively manage CSR aspects of corporate‐customer VCC and help customers choose CSR campaigns they can trust.

Pengaruh Efektivitas Pesan CSR melalui Instagram terhadap Pembentukan Citra lia s. Associates Branding dan Design Agency

Nowadays, the importance of Corporate Social Responsibility (CSR) belongs not only to large companies but also to any organization. Along with the changing times and the development of today's technology, we can see companies trying to accommodate digital technologies in communication in implementing CSR. The primary value of Corporate Social Responsibility (CSR) is the image or reputation of the company. Implementation of CSR by lia s. Associates to date have used Instagram social media to communicate about CSR. Digital technology easily communicates CSR to stakeholders and consumers through social media. This research uses quantitative methods with an associative approach, namely research that asks about the relationship between two or more variables. The theory of research used in this study is stimulus-response theory. This study's results significantly influence the effectiveness of CSR messages in forming the company's image. In this study, it was also seen that the message was produced and conveyed to the audience and stakeholders of lia s. Associates Branding & Design Agency is quite effective through Instagram content. The message of Corporate Social Responsibility (CSR) in lia s. Associates Branding & Design Agency can be said to be very good. By using and utilizing content visually and well-informed storytelling, many respondents in this study, could understand the intended message.

Impact of Tourists’ Perceived Value and Sense of Social Responsibility on the Low-Carbon Consumption Behavior Intention: A Case Study of Zhangjiajie National Forest Park

People’s increasing attention towards environmental issues and carbon emission level per capita of consumption has made the influencing factors of low-carbon consumption behavior a research hotspot. In this study, a random sample of tourists in Zhangjiajie National Forest Park in China were surveyed by questionnaire to examine the impact of tourists’ perceived value and sense of social responsibility on the low-carbon consumption behavior intention. Results suggest that tourists’ perceived value has a direct and significant positive effect on the sense of social responsibility and low-carbon consumption behavior intention. Tourists’ sense of social responsibility demonstrates a significant positive impact on consumption attitude, with the latter having a positive impact on tourists’ low-carbon consumption behavior intention. A sense of social responsibility and the consumption attitude are found to play an important intermediary role between perceived value and tourists’ low-carbon consumption behavior intention. Some suggestions for managing and promoting tourists’ low-carbon consumption behavior intention are also put forward in this paper.

Responsible management education: mapping the trends, influential sources and research themes

PurposeThis study carries out a systematic literature review (SLR) on responsible management education (RME). A total of 174 publications listed on the Scopus database addressing RME, published between 2007 and 2022 (inclusive), have been analyzed.Design/methodology/approachThe articles included in the study were searched based on relevant key terms in the title, abstract and author keywords associated with each publication. The analysis led to the identification of the most relevant sources, authors and publications that can be used to circumscribe RME. Selected studies were analyzed using the Bibliometrix R-tool.FindingsThis study shows how three interrelated levels of analysis—namely, conceptual, intellectual and social—allow researchers to further organize the data to produce rich content for the RME. The contribution of this study is twofold: first, our values-based approach helps overcome the axiological ambiguity of the principles for RME (PRME), which invoke the importance of incorporating “the values of global social responsibility” (Principle 2) but fail to define and operationalize these values. Second, the authors provide a rationale and guidance for implementing values-based RME in business schools.Originality/valueThis study offers a unique SLR on RME. It gives a clear picture of this field by talking about what has been done and what the future might hold for RME.

A new dimension in the value of corporate social responsibility: Demotivating undesirable job habits during crisis

Recent studies on the pandemic have focused on the DOs and DON’Ts of recovery remedies, but few have investigated the pandemic-spawned fundamental internal problems of the enterprises in order to diminish the impacts of the mega-crisis and relieve the need for recovery efforts. It is incontestable that employees are one of the major victims of the pandemic crisis; their negative emotions caused by the increasing career and financial instability have heightened the challenges of their enterprises that are striking for survival. This research has identified a breakthrough that extends the effect of CSR efforts from the traditional societal focus to internal employees, to whom CSR is found to mediate the undesirable escape habits and anti-crisis behaviours resulted from crises. This strengthens the understanding and value of CSR, while presents management with a novel mixed strategy to stabilize employee emotions and assemble their competence to get through a crisis.

Digital Transformation of Value Chains and CSR Performance

With the accelerated evolution of the digital transformation of economic activities, the digitalization of the different parts of the value chain, such as manufacturing, marketing, and management, has increased significantly, thereby changing the form of organizational production management while affecting how corporate social responsibility (CSR) is achieved. Therefore, in this study, we examined the relationship between the digital transformation of value chains and CSR performance and the moderating role of property ownership and market dependence. The results show that the digital transformation of value chains can improve CSR performance. When the three types of digital transformation are conducted at the same time, compared with digital manufacturing transformation and digital marketing transformation, digital management transformation has a greater impact on CSR performance. Non-state-owned enterprises and enterprises with higher market dependency show greater improvement in their CSR performance than state-owned enterprises and enterprises with lower market dependency as a result of the digital transformation of value chains. Furthermore, we found a certain degree of value mismatch between the digital transformation of the different value chain links of enterprises and the different dimensions of social responsibility. Specifically, the digital transformations of manufacturing, marketing, and management activities only exert a significant impact on shareholder responsibility, public responsibility, and shareholder and employee responsibility, respectively. This result indicates that the digital transformation of the entire value chain needs to be further optimized and integrated to achieve social responsibility values that match the value chain. This study not only helps enterprises identify the shortcomings in the digital transformation of the value chain but also provides development ideas for enterprises to realize the two-wheel drive of business value and social value through the digital transformation of the whole value chain.

A Study on the Contemporary Educational Value of the Confucian Concept of Happiness

As an important part of the outlook on life, the concept of happiness has always been an important topic in ethics. The Confucian concept of happiness believes that the source of happiness is caring for others, the guarantee of happiness is self-restraint, and the real happiness is the common happiness of the whole society. The Confucian concept of happiness has positive guiding significance for the realization of personal social responsibility value. It benefits the development of a socialist harmonious society, and even the construction of a community of shared future for mankind. The Confucian concept of happiness still has an important educational value at present. It is meaningful for cultivating people to integrate the Confucian concept of happiness into the ideological and political education curriculum.

Corporate social responsibility and credit rating around the world: The role of societal trust

AbstractWe hypothesize that societal trust alleviates moral hazard concerns that undermine credit rating agencies’ perceived value of corporate social responsibility (CSR). We test our hypothesis using a large global sample and find a more salient relationship between CSR and credit rating only in countries with high societal trust. Our findings reconcile the mixed empirical worldwide evidence on this relationship. Additional tests provide further evidence that it is societal trust, not other country‐level factors, that drives our results.

The Effect of Good Corporate Governance Implementation on Corporate Social Responsibility and Company Values

The purpose of this study was to analyze the effect of good corporate governance (GCG) to the value of the company with corporate social responsibility (CSR) as an intervening variable. In this study used a sample of 79 manufacturing companies listed on the Stock Exchange with methods of sampling purposive. This study uses a quantitative approach to data analysis method regression and sobel test. The results of this study indicate that independent commissioners has positive effect on firm value, while the other factors do not affect the value of the company such as Institutional ownership, Managerial ownership, Audit committee, and CSR has no effect on firm value. GCG mechanisms are proxied by independent commissioners, Institutional ownership, Managerial ownership, Audit committees cannot be mediated by CSR, so CSR is not an intervening variable in the effect of GCG on firm value.

The Effect of Good Corporate Governance (GCG) and Corporate Social Responsibility (CSR) Disclosure on Company Value with Profitability as Moderating Variables

This study aims to analyze the effect of Good Corporate Governance (GCG) and Corporate Social Responsibility (CSR) disclosure on firm value with profitability as a moderating variable. This type of research is associative research with quantitative research methods that are systematic, planned, and structured using numbers as the research approach. The population in this study were 45 LQ45 companies, which were listed on the Indonesia Stock Exchange. While the research sample was selected using purposive sampling method with certain criteria. Based on the established criteria, 27 companies were obtained with a three-year research period. The data analysis method used in this study is descriptive statistical analysis, multiple linear regression analysis, and Moderated Regression Analysis interaction test using IBM Statistical Package for Social Science version 22 software. The results of the analysis state that Good Corporate Governance (GCG) has no effect on the value of company, Corporate Social Responsibility (CSR) has an effect on firm value, profitability is able to moderate the relationship between Good Corporate Governance on firm value and profitability is not able to moderate the relationship between Corporate Social Responsibility and firm value.

The Core Value Strategy and Mentality Evolution of the New Era of Corporate Social Responsibility

The organic combination of corporate social responsibility psychological contract and economic power in the new era means that the economic thinking of business leaders needs the construction of economic thinking, and it also needs the reflection of psychological contract. As a concrete embodiment of the core value of corporate social responsibility, corporate brand should not only create an attractive brand image but also effectively transmit the core value of the enterprise to the society and assume social responsibility. This paper provides a tool that enables researchers to describe the structure and application of the evolution of the corporate social responsibility mindset, as well as to ensure the effective implementation of core value strategies for new-age companies. The framework provides a powerful tool for rapidly deciphering and understanding the evolution of the mindset of different corporate brands. Therefore, this paper deeply analyzes the core value strategy of corporate social responsibility in the current new era, finds out the deficiencies, and explores its root causes. In addition, a corporate psychological contract with a sense of social responsibility has won the recognition of consumers and even the public, and the ethical expression of the company is even more important.

Direct and Indirect Effects of Maternal and Sibling Intimacy on Adolescents' Volunteering via Social Responsibility Values: A Longitudinal Study.

This study investigates the direct and indirect effects of maternal and sibling relational intimacy on adolescents' volunteering behaviors via their social responsibility values. Participants included two adolescents (50% female; M age = 14 years) and one parent (85% female; M age = 45 years) from 682 families (N = 2,046) from an ongoing longitudinal study. Adolescents self-reported their intimacy with mothers and siblings (Time 1), social responsibility values (Time 1), and volunteering (Times 1 and 2); parents reported on sociodemographic characteristics (i.e., gender, birth order, family income). Results from a structural equation model indicated that after accounting for adolescents' earlier volunteering, both maternal and sibling intimacy were indirectly related to greater volunteering via social responsibility values. There were no significant direct effects from maternal or sibling intimacy to adolescents' volunteering. Results indicate that both mothers and siblings are important in socializing prosocial and civic values and behaviors during adolescence.

Participation and Organizational Commitment in the Mondragon Group.

The scientific literature has shown Mondragon Corporation (MC), with 65 years of history, as a clear example that cooperativism can be highly competitive in the capitalist market while being highly egalitarian and democratic. This cooperative group has focused on its corporate values of cooperation, participation, social responsibility, and innovation. Previous scientific research reports its enormous transformative and emancipatory potential. However, studies on the effects of various types of worker participation on competitiveness and workers’ psychological wellbeing in this cooperative group exist to a lesser extent. Specifically, one aspect that needs further empirical research and that represents a competitive advantage for Mondragon is the degree of commitment and emotional attachment that can be observed in the people who work there. For this reason, this article aims to identify key elements of the democratic participation of workers in these cooperatives that relate to the development of organizational commitment. Based on a communicative and qualitative approach, data collection included 29 interviews to different profiles of workers (senior and junior workers, members and non-members of the cooperative, and researchers involved in the cooperatives) from eight different cooperatives of the Corporation. Through this research methodology, the participants interpret their reality through egalitarian and intersubjective dialogue because their voices are considered essential to measure the social impact. This study found three different ways in which the democratic participation of worker-members in management and ownership contributes to developing affective organizational commitment among those working in Mondragon cooperatives, generating positive psychological and economic outcomes for both workers and cooperatives.

The Role of Students’ Personal Values and Ethical Ideologies in Increasing the Importance of Perceptions of Social Responsibility for Business Students: A PRME Directive

The United Nations Principles for Responsible Management Education (PRME) champion responsible management education and research globally by instilling social responsibility values in students through teaching, research, and service. As investment capital shifts toward sustainable opportunities and companies recognize the limitations of an exclusive focus on shareholders (to the exclusion of broader stakeholders), the demand for social responsibility focused students has increased. How can business schools meet the dual challenge of recognizing those students with strong global sustainability perceptions, while encouraging those without those perceptions to shift? Our empirical approach uses a freed measurement model to offer a holistic understanding of the precursors of students’ perceptions of ethics and social responsibility. We provide actionable steps for business schools in implementing new pedagogical interventions that provide individualized approaches for increasing students’ perceptions of social responsibility. For students without strong prosocial values, we propose improving their perceptions of social responsibility indirectly through changing attitudes or directly via value system rank order change.

Principles for Responsible Management Education: An Axiological Approach

In this article, we rely on the development of a Massive Open Online Course (MOOC) to show the relevance of a values-based approach to responsible management. To clarify the notion of values, we draw on Heinich’s axiological sociology, which presents values as principles of judgment and action. Building on this approach, we interviewed 35 management scholars to understand the values they attribute to responsible management. Our analysis led to the identification of seven actionable values that can be used to circumscribe responsible management. We also show how three interrelated levels of analysis—namely, individual (micro), organizational (meso), and societal (macro)—allowed us to further organize the interview data to produce rich content for the MOOC. Our contribution is twofold: first, our values-based approach helps overcome the axiological ambiguity of the Principles for Responsible Management Education (PRME), which invoke the importance of incorporating “the values of global social responsibility” (Principle 2), but fail to define and operationalize these values. Second, we provide a rationale and guidance for implementing values-based responsible management education in Business Schools.

Value of corporate social responsibility for multiple stakeholders and social impact – Relationship marketing perspective

Despite extensive corporate social responsibility (CSR) literature most of research has examined corporate performance as its only outcome. We aim to fill this gap by assessing companies' perceptions of their CSR activities’ benefits for society and specific stakeholders. We discuss societal trends such as diversity and inclusion embedded in employee-focused CSR conceptualization as a prerequisite for the perception of CSR’s societal impact. We bring together CSR and relationship marketing theories to test a conceptual model on a sample of 411 business-to-business (B2B) companies. The results confirm a positive relationship between employee-oriented CSR and the perceived usefulness of CSR actions for society, customers and employees (but not suppliers). In order to maximize relationship quality, CSR activities should be targeted at specific stakeholders (customers and employees) and not at society at large. Finally, differences are observed between SMEs and large B2B firms with opposite perceptions of antecedents and outcomes of relationship quality.

Business model for integrated sustainable value creation: A supply chain perspective

In the context of globalization, the process of value creation is becoming more complex, exposed to greater risks for companies, partners, and customers. Moreover, modern digital technologies, such as the use of digital twin technology, can increase the use of geographically dispersed work teams and contribute to sustainable value creation in the future. However, the digital transition creates new organizational models and influences relationships in supply chains, thus affecting structural changes in business models.Hence, the study aims to investigate, from the whole value chain perspective, how the next generation of digital services is affecting business value and changing the business model concept. In addition, this paper discusses the stakeholder and social responsibility value creation perspective on business model for integrated sustainable value creation. To investigate this, it was decided to use a quantitative methodology in the form of questionnaires, which were distributed among different interested parties: two contractors, three suppliers, and an operator. The results indicated that all respondents, such as an operator, shipping companies, and subsea service providers, are positive about future digital technologies, which should ensure environmental sustainability, improve human interaction and communication. At the same time, they emphasize the importance of integrated join work within the value creation element. Overall, all participants are interested in reducing costs, they expect initiatives from each other in offering sustainable and innovative solutions, and to achieve these, innovative cooperation is needed. AcknowledgmentThe study is supported by a grant from the Research Based Innovation “SFI Marine Operation in Virtual Environment (SFI-MOVE)” (Project no: 237929) in Norway.

Actions in the spotlight: Differential effects of corporate social responsibility actions on organizational celebrity

AbstractWhile the financial value of corporate social responsibility (CSR) has been thoroughly addressed in extant research, scholars have yet to fully explore the mechanisms through which CSR benefits the firm. Social approval assets, such as reputation or legitimacy, represent one mechanism through which CSR actions generate idiosyncratic value among stakeholders that is likely to lead to superior firm performance. The present study introduces a new social approval asset, organizational celebrity, to the CSR literature and proposes how CSR actions can be leveraged to generate high levels of attention and positive emotional resonance among stakeholders. In doing so, the model provides insight into how organizational celebrity is formed via distinctive CSR actions that generate media attention and emotional resonance among stakeholders. The conceptual model extends existing work integrating CSR as a key antecedent to the development of social approval assets as key intangible resources for the firm.