CSR Values Research Articles

기업의 CSR성과요인, 투자효율성 및 기업가치

기업의 CSR성과요인, 투자효율성 및 기업가치

Impact of CSR on learning outcomes

PurposeThe purpose of this paper is to examine the impact of CSR initiative of ITC Limited on the stakeholders especially impact on the learning outcome of primary school students. The research further attempts to discover the level of impact of CSR on learning outcomes.Design/methodology/approachThe data were collected from the rural areas of Pune in the state of Maharashtra and Mysuru in the state of Karnataka in India. The total number of data collected was 227. The data were collected with the help of self-administered questionnaires via personal visits to the schools using systematic random sampling method. Parametric test, t-test is used to test research hypothesis. Multiple linear regression analysis is performed to identify which aspects have better contribution towards overall impact level of the CSR program.FindingsThe study results clearly underscore the impact of firm’s CSR activities on the stakeholders. The study findings suggest a significant impact of CSR on the stakeholder, primarily on the learning outcome of the primary school students.Practical implicationsThe study offers a new insight for the CSR heads of companies who are planning and implementing CSR initiatives of companies for widespread impact on the stakeholders. This study addresses the concerns of business managers and CSR heads to prove the potential of CSR initiatives and the measurement of the value generated for the society through CSR interventions.Originality/valueThe previously conducted research works have explored the impact of CSR on financial performance, organizational stability, employee turnover, customer retention, etc. This study advances existing body of knowledge beyond developed western economies by exploring the value of CSR in India and its impact on the stakeholders. This study finds the impact of CSR initiative on learning outcome. The study makes a novel contribution by not only determining the impact of CSR on learning outcome but also by going a step further to unfurl the various underlying factors which contribute towards the overall impact.

Effect of Variable Confining Pressure on Cyclic Triaxial Behavior of K0-consolidated Soft Marine Clay

The effect of variable confining pressure (VCP) on the cyclic deformation and cyclic pore water pressure in K0-consolidated saturated soft marine clay were investigated with the help of the cyclic stress-controlled advanced dynamic triaxial test in undrained condition. The testing program encompassed three cyclic deviator stress ratios, CSR=0.189, 0.284 and 0.379 and three stress path inclinations ηampl=3,1 and 0.64. All tests with constant confining pressure (CCP) and variable confining pressure (VCP) have identical initial stress and average stress. The results were analyzed in terms of the accumulative normalized excess pore water pressure rqu recorded at the end of each stress cycle and permanent axial strain, as well as resilient modulus. Limited data suggest that these behavior are significantly affected by both of the VCP and CSR. For a given value of VCP, both of the pore water pressure rqu and permanent axial strains are consistently increase with the increasing values of CSR. However, for a given value of CSR, the extent of the influence of VCP and the trend is substantially depend on the CSR.

A latent variable analysis of corporate social responsibility and firm value

Purpose Corporate social responsibility (CSR) has several dimensions that are inherently unobservable or measured with errors. Due to measurement errors of CSR proxies, regression analysis seems inappropriate for investigating the relationship between CSR and firm value. Accounting for CSR measurement errors, the purpose of this paper is to use a latent variable analysis to examine whether CSR affects firm value. Design/methodology/approach This study applies a latent variable model that directly takes into account the measurement errors of CSR proxies. Moreover, the inclusion of firm-fixed effects in the model controls for time-invariant unobservable firm-specific characteristics that may drive both CSR and firm value. CSR is measured by environmental, social, and corporate governance activities. Findings Based on data of US firms between 2002 and 2014, this study finds conflicting evidence of a direct association between each CSR proxy and firm value. When all CSR proxies are incorporated into a latent variable model, CSR significantly positively impacts firm value. Therefore, CSR strategies based on a single measure of CSR or the equal weighting of CSR measures tend to underestimate the influence of CSR on firm value. Practical implications Corporate managers should enhance firm value by simultaneously engaging in environmental, social, and corporate governance activities because there is a synergistic effect with firm value. Furthermore, investors who downplay CSR factors in firm valuation can lead to significant errors in making equity investment choices. Originality/value This study presents a novel examination of the price-earnings ratio in the CSR valuation by using the latent variable model with firm-fixed effects.

Reexamining Corporate Social Responsibility and Shareholder Value: The Inverted-U-Shaped Relationship and the Moderation of Marketing Capability

In the literature, CSR’s roles on firm performance are found to be positive, negative, or neutral. This inconclusive pattern suggests there may be a more complicated mechanism at work than the traditional focus on simple linear associations. We propose and test an inverted-U-shaped relationship between CSR and shareholder value, the fundamental measure of firm performance. Further, we incorporate a critical firm attribute, marketing capability, to moderate the nonlinear link between CSR and shareholder value, thereby exploring a previous understudied area involving the interplay between CSR and market-side competency. The results show that an initial increase in CSR engagement positively drives firm shareholder value, but the effect turns negative when a firm pursues excessive CSR engagement. Notably, however, this negative association does not apply to firms that have a high marketing capability. Our research generates meaningful implications for a stakeholder view of CSR, strategic management, firm valuation, resource-based theories, and business practices.

The Performance Factors of CSR, Investment Efficiency and Firm Value

The Performance Factors of CSR, Investment Efficiency and Firm Value

A INFLUÊNCIA DA VIBRAÇÃO MECÂNICA DA CARGA DE CARVÃO NOS ÍNDICES CSR E CRI DO COQUE METALÚRGICO

Steelmaking companies must be always being looking for innovation and how to develop their production methods, because this is unquestionable very important to keep the company competitiveness on world’s market. This research is about an improvement of metallurgical coke production on coke ovens by coal charge mechanical vibration, on this way will be possible a bigger oven loading and an utilization of more poor coal blends, and, consequently, cheaper. The scientific research has happened on experimental scale on a 4,5 kg capacity coke oven, The mechanical vibration was produced by a mechanical immersion vibrator, the one commonly used for concrete compacting on civil construction. The coke produced increased by 21% of the CSR value and a 26% reduction of the CRI. The results obtained contradicts some results of the literature that report that the CSR and CRI are not influenced by loaded coal density, although these studies the densification technique used was stamp charging.

Influence of the Batch Composition at AO EVRAZ NTMK on the Coke Quality and Pulverized-Coal Consumption

The clinkering, coking, and lean components of the coking batch at AO EVRAZ NTMK are experimentally studied. On the basis of the laboratory coking of 67 versions of the production batch at AO EVRAZ NTMK, with different content and properties of the clinkering, coking, and lean components, the formation of the coke’s CSR and CRI values is analyzed. A mathematical model is developed for predicting the coke quality on the basis of the batch characteristics. The pulverized-coal consumption at the blast furnaces is predicted for wet- and dry-quenched coke produced from different batches at AO EVRAZ NTMK.

How Does Value Creation Manifest Itself in the Nexus of Sport and Business? A Systematic Literature Review

Sport is a widely used as a vehicle for promoting business. Global brands invest tens of millions of euros in high performance athletes, top teams, and popular sporting events. Studies have also shown the potentiality of sport in the business context. However, relatively few studies have focused on the interaction of business and sport from a value-creation perspective. Knowledge focusing on value creation within and through sport is scattered throughout literature and a systematic understanding of how value creation manifests itself in a business context is lacking. Using a systematic literature review and inductive analysis of 44 empirical studies, the article presents six identified topics that represent the various angles to value creation in the nexus between sport and business. The topics are 1) the many shades of value, 2) brands and sponsorship as value-creators, 3) the value of CSR in and through sport, 4) sport as a network and platform, 5) sport for developing organisations internally, and 6) value congruence and identification. The article contributes to both business management and sports management. The article proposes theoretical and managerial implications and identifies avenues for further research.

Linking Leaders’ CSR Values with Dual-focus Transformational Leadership by Value-based Leadership

By integrating the theory of value-based leadership with the dual- focus model of transformational leadership, this study provides a comprehensive perspective for understanding the effects of value...

How do virtual corporate social responsibility dialogs generate value? A case study of The Unilever Sustainable Living Lab

AbstractToday, companies have an increasing need to integrate stakeholders in CSR processes. The emergence of web 2.0 platforms and social media not only facilitates stakeholder interaction, but has also led to a new form of interaction opportunity called co‐creation. We use a single case study of The Unilever Sustainable Living Lab to empirically test the virtual CSR dialogs framework, which is the main contribution of the paper. More specifically, we examine the extent to which CSR value can be generated by incorporating specific social media platforms that allow co‐creation among users and companies. The findings indicate dialog characteristics were critical when designing co‐creation dialogs on sustainability. Additionally, we confirmed the link between dialog characteristics and community identification and CSR expectations. However, the model failed to illustrate the difference between opportunities of co‐creation, i.e., dialog characteristics, and actual co‐creation experience. Copyright © 2017 John Wiley & Sons, Ltd and ERP Environment

Corporate social responsibility and its effect on innovation and firm performance: An empirical research in SMEs

The link between CSR and business value has been investigated, but a significant research gap remains when considering the relationship between CSR and innovation. The paper assesses its relationship with organizational innovation and firm performance in a single integrative model by using structural equation modelling on a data set of 552 Spanish firms. Our results supports a partial mediation effect of innovation performance on the relationship between CSR and firm performance, since the effect of CSR on firm performance shrinks upon the addition of innovation performance to the model. The findings may help to understand how CSR is an important driver mechanism for companies to be more innovative, efficient and effective.

Assessing the functional signature of heathland landscapes via hyperspectral remote sensing

Wall-to-wall information about the state and change of vegetation is needed in many ecological applications, such as the monitoring of large conservation areas. In support of this task, remote sensing can provide valuable information that is complementary to the results from field work. Remote sensing is also well suited for change detection, but the question arises how a rate of change can be expressed in a generalized and objective way that allows comparisons between different areas. We think that true comparability can hardly be achieved by using conventional vegetation classification approaches, which are not transferable if they take account of the individuality of areas. To reach such comparability, an approach would be needed that combines generality with flexibility to adapt to local conditions.Therefore, we propose that the local vegetation is broken down into basic strategy types as proposed by Phil Grime in 1974. He observed general rules in the occurrence of three general plant strategies: competitive ability (C), stress tolerance (S), and ruderal strategy (R). Our research question is whether these strategy types can be used to derive functional signatures of landscapes as a basis for comparison between conservation areas.We used the CSR concept to map plant strategies in a heath landscape based on remote sensing data. Average Grime CSR values of vegetation samples were regressed against airborne hyperspectral imagery, resulting in spatial representations of C, S, and R (val. r2 of 0.55, 0.59, and 0.28, respectively). Based on this continuous information we created functional signatures for two subareas of the study site, the ‘CSR-fingerprints’.We found clear differences in the CSR signatures of different parts of the investigated area. We think that similar differences in time can also be assessed using the same approach. This could provide a simple but powerful expression of the state of vegetation that would be comparable across regions and time. We therefore assume that the method is suitable for comparative studies with a focus on vegetation functioning. While it does not explicitly take into account differences in species composition, it can also work as an early warning system with follow-up investigations in areas subjected to change.

Deformation characteristics of overconsolidated clay sheared under constant and variable confining pressure

The traffic-induced settlements of clay subgrade are usually investigated based on one-way cyclic triaxial tests. Most one-way triaxial cyclic tests on clays have been carried out on normally-consolidated samples, with a constant confining pressure and under undrained conditions. However, it has been found that the varying stress field induced by traffic loading consists of not only cyclic axial stresses, but also cyclic horizontal stresses and shear stresses. Sometimes part of the subgrade soil is overconsolidated, rather than normally-consolidated, and the drainage of pore water is usually allowed under long-term traffic loading. Recognizing this, a series of one-way cyclic triaxial tests was performed on 30 specimens under partially-drained conditions, and the emphases were placed on the coupling effects of the overconsolidation ratio, the cyclic stress ratio, and the cyclic confining pressure on the deformation characteristics of the saturated clay. The test results show that increasing the amplitudes of cyclic confining pressure will cause a remarkable acceleration in the accumulation of both the permanent volumetric strain and the axial strain, whether the sample is overconsolidated or normally-consolidated. A linear relationship is found between the permanent axial strains from tests with variable confining pressure and their counterparts obtained from tests with constant confining pressure, regardless of the OCR and CSR values. A quantitative relationship, which considers the effects of the OCR values, is also established between the increments in cyclic confining pressure amplitudes and the increments in permanent axial strain.

Mapping the Value of CSR. Measuring and Developing CSR Investments

In this article the relationship between corporate social responsibility and financial performance is analysed to identify existing problems and ambiguities regarding the business application of CSR. Theory and recent research is investigated to suggest a model of the CSR activities classification, based on effectiveness and CSR’s social and corporate impact. As the effective selection and measurement of CSR investments allow better distribution of resources and growth of programmes with the greatest potential, it is necessary to recognize the most suitable methods of researching the CSR-CFP relation. Consequently, improvement in understanding this relation, its causality and opportunities of CSR, leads to more innovative strategies, incorporating the social and business synergy.

Implementasi Nilai Syariah Pada Aktivitas Corporate Social Responsibility PT. BNI Syariah Jakarta

Implementation of Corporate Social Responsibility in Islamic banking refers to a business that has a social responsibility in Islamic. Islamic values contained in CSR activity that is the values of justice, Rohmatan lil'alamin value, and the value maslahah. That understanding will have implications for the implementation of syariah in the CSR value BNI Syariah Jakarta. The research method which is used for this case is qualitative descriptive approach. This Research is using semi-structured interviews and documentation. This Research was concern on the syariah value of CSR activities BNI Syariah Jakarta and find out for the solutiaon on how the implementation of sharia value on CSR activities BNI Syariah Jakarta. The results of this research was indicated that the PT. BNI Syariah Jakarta has implemented three grades sharia Islamic banking in performing activities of corporate social responsibility, which has implemented sharia values of justice, Rohmatan li'alamin value, and the value maslahah with full responsibility and in accordance to sharia compliance or regulations.

In English

Crystalline and electronic structures of nanoalumina alone and in different mixtures with nanosilica have been analyzed using X-ray diffraction (XRD) and ultrasoft X-ray emission spectroscopy (USXES). Narrowing of the OK α bands of crystalline alumina occurs with decreasing nanoparticle size. Electron transfer from oxygen to aluminum atoms due to Al–O bond breakage under irradiation leads to occupation of high-energy 3d level of Al. In nanoparticles, the Al–O bond strength and O–O interactions enhanced by Laplace (bubble) pressure lead to δ phase stabilizing if coherent-scattering region size (d CSR ) reaches 7 nm which is smaller than that for θ phase (d CSR = 11–20 nm) of alumina and silica/alumina studied. The d CSR values are in agreement with nanoparticle sizes calculated using self-consistent regularization method applied to nitrogen adsorption data.

Materiality of Nonfinancial Information: Theoretical Foundations and Empirical Evidence

This study consolidates the existing body of knowledge on the theory and empirical evidence of shareholder value effects of social responsibility and the returns to socially responsible investing. In doing so, it draws from the literature in accounting, economics, finance, law and management with evidence from related disciplines. Based on the findings of the prior literature the study proposes a framework that distinguishes between the corporate view (CSR) and the investor view (SRI). In CSR it discriminates between three hypotheses of shareholder value effects of corporate social responsibility: Agency costs, delegated philanthropy and ‘doing well by doing good’. Within the latter it identifies four impact areas and several channels of influence to aid future researchers to answer more targeted research questions on the relationship between CSR and shareholder value. In SRI the study reviews the evidence how social responsibility affects investment returns and how CSR is incorporated into asset prices distinguishing between firm-level and fund-level effects. The study identifies differences by investment strategies and investor characteristics. Based on the proposed framework the study concludes with suggestions for future research.

The influence of interactive, non-interactive, implicit and explicit CSR communication on young adults’ perception of UK supermarkets’ corporate brand image and reputation

Purpose – Corporations communicate CSR policies through a variety of methods, and the goal of the study is to explore young adult consumers’ communication preferences and the implications for managers to effectively communicate CSR to boost their corporate brand image and reputation. The paper aims to discuss these issues. Design/methodology/approach – Set within the context of the UK supermarket industry, the study adopts a qualitative research approach and a purposeful sampling method, collecting data from 30 young adult consumers in the south-east of the UK. The data collection method used was online bulletin board focus groups, face-to-face focus groups, face-to-face interviews and an online questionnaire. Research propositions are developed, evaluated and synthesized into a conceptual framework. Findings – The findings show that interactive CSR communication functions as an effective method of improving consumers’ emotional brand value, knowledge and memory of supermarket CSR. The findings have the p...

Producing high coke strength after reactivity in stamp charged coke making

In recent years, blast furnaces of larger volume have come into use and the requirements for coke strength have become increasingly severe. The dissections of Nippon Steel Corporation blast furnaces have revealed considerable changes in coke properties in the lower furnace regions. With increased use of Pulverized Coal Injection, improved hot coke strength will be required for efficient and consistent performance in the furnace. The present study revealed that the CSR of coke produced by stamped charged coke making process is mainly influenced by the properties of coal like petrography, coal ash chemistry and rheology. In stamp charging condition, to produce coke with high CSR value, it is necessary to select coals with appropriate ash chemistry, petrographic properties and rheological properties must be maintained. The coal blends which improve the coke CSR beyond a certain limit generate high oven wall pressure. The investigation results show that for producing greater than seventy CSR, coal basicity, fluidity temperature range and inertinite value must be less than 0.2, minimum 90°C and 32 volume % respectively.