Embedded Corporate Social Responsibility: Can't We Do Better Than GE, Intel, and IBM? How About a Benefit Corporation?

2013 ◽  
Vol 6 (4) ◽  
pp. 354-358 ◽  
Author(s):  
Yolanda Sarason ◽  
Grace Hanley
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Core Competencies ◽  
Benefit Corporation ◽  
Benefit Corporations ◽  
Corporate Social ◽  
Systematic Identification ◽  
Better Than

We agree with Aguinis and Glavas's (2013) conceptualization of embedded versus peripheral corporate social responsibility (CSR). Our concern is whether GE, Intel, and IBM are the best examples of companies with embedded CSR. We propose a more systematic identification of companies with embedded company-wide CSR. A source of exemplars may be aided in drawing upon companies that meet the criteria of “B Corps” or organize as “Benefit Corporations.” Patagonia and New Belgium Brewing Company are provided as examples of “B Corp” companies that utilize core competencies to create company-wide embedded CSR.

To B or not to B: Etsy’s decision whether to re-incorporate as a public benefit corporation and maintain its B Lab certification

2019 ◽  
Vol 15 (6) ◽  
pp. 510-527
Author(s):  
Gabriele Lingenfelter ◽  
Ronnie Cohen
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Regulatory System ◽  
Business Law ◽  
Publicly Traded ◽  
Socially Responsible ◽  
Content Type ◽  
Benefit Corporation ◽  
Academic Level ◽  
Corporate Social

Theoretical basis As the regulatory system begins to recognize the role of social responsibility reporting, reliable disclosure measures will be required. Issues of transparency, reliability and assurance are likely to arise as securities regulators consider whether and how to require disclosure of non-financial information. Various reporting models are presented in the case to illustrate different ways that these issues can be addressed by privately held and publicly traded corporations. Research methodology The case uses the company, Etsy, Inc., which has established itself as a publicly traded, socially responsible corporation. Etsy must decide whether it will re-incorporate as a benefit corporation in order to maintain its B Lab certification. This decision introduces students to the various measures of corporate social responsibility, the interests of the stakeholders of a corporation and the regulatory environment in which socially responsible, publicly traded corporations operate. The case uses only publicly available information. Case overview/synopsis This teaching case addresses the decision faced by Etsy, Inc. when it became a publicly traded corporation. In order to maintain its certification as a socially responsible corporation by B Lab, it would have to re-incorporate as a Delaware Benefit Corporation. In making this decision, the company had to consider various measures used for corporate social responsibility reporting and transparency and how these might affect Etsy’s stakeholders. Complexity academic level Undergraduate or masters level case that could be used in a business law, commercial law, legal environment or auditing course.

Linkage between corporate governance and corporate social responsibility in banking sector of Bangladesh

2015 ◽  
Vol 02 (04) ◽  
pp. 1550036 ◽  
Author(s):  
Syed Moudud-Ul-Huq
Keyword(s):  
Corporate Governance ◽  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Banking Sector ◽  
Islamic Banks ◽  
Return On Equity ◽  
Earnings Per Share ◽  
Conventional Banks ◽  
Corporate Social ◽  
Better Than

This paper has been made to analyze the linkage between corporate governance and corporate social responsibility. From analysis, it is found that Eastern Bank Ltd. (EBL) performs better than other selected banks but not enough in practicing corporate social responsibility. While, conventional banks are more imperative than Islamic banks as all the indicators cover its benchmark apart from return on total assets. It has proved that there is a significant relationship among return on equity, earnings per share, corporate governance and corporate social responsibility but corporate social responsibility has shown little impact on corporate performance.

scholarly journals An empirical investigation of the relationship between financial measures and corporate social responsibility

2019 ◽  
Vol 7 (1) ◽  
Author(s):  
Yu-Min Lian
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Significant Relationship ◽  
Positive Impact ◽  
Well Being ◽  
Important Place ◽  
Business World ◽  
Economic Journal ◽  
Corporate Social ◽  
Better Than

<span lang="EN-US">Nowadays, in actual business world, corporate social responsibility (CSR) occupies an important place in doing business all over the world. The public commonly takes CSR as the necessary for businesses to make extra improvements to the well-being of society. De facto, it is difficult to find a specific definition of CSR. The purpose of this study is to carry out research on whether CSR has a significant relationship with organizational financial performance in terms of earnings per share (EPS) and annual return rate of individual stocks (RETURN), with a major target on quoted companies in Taiwan. In this study, we establish a multi-factor regression model to examine corporate value. The Taiwan Economic Journal (TEJ) database is used to explore the relevance. Empirical results show that: (1) Sales growth rate (SGR) has a positive impact on RETURN; (2) CSR and leverage (LEV) have a significantly correlation with EPS; (3) SGR and return on equity (ROE) have a significant relationship with RETURN; (4) CSR and ROE have a significantly correlation with EPS. Consequently, the EPS of the companies that implement CSRs are better than those that do not implement CSRs. However, the results do not indicate that the RETURN of the companies that implement CSRs are better than those that do not implement CSRs.</span>

scholarly journals Effects of the Type of CSR Discourse for Utilitarian and Hedonic Services

2020 ◽  
Vol 12 (12) ◽  
pp. 4821 ◽  
Author(s):  
Andrea Pérez ◽  
María del Mar García de los Salmones ◽  
Elisa Baraibar-Diez
Keyword(s):  
Corporate Social Responsibility ◽  
Experimental Design ◽  
Social Responsibility ◽  
Interaction Effect ◽  
Consumer Perceptions ◽  
Corporate Communication ◽  
Narrative Discourse ◽  
Csr Communication ◽  
Corporate Social ◽  
Better Than

In a context of corporate social responsibility (CSR) communication, we explore whether the use of expositive versus narrative discourses interacts with the type of service commercialized by the company (utilitarian vs. hedonic) to determine consumer perceptions and responses to corporate communication. Our main proposal is that, as representative examples of utilitarian services, banking companies would benefit significantly from communicating their CSR efforts with expositive discourses, whereas narrative discourses would be more adequate for hedonic services (e.g., catering). To test the research hypotheses, we use a 2 (expositive/narrative discourse) x 2 (utilitarian/hedonic service) between-subjects experimental design where we expose 302 consumers to different combinations of CSR messages and we evaluate changes in their message attributions and internal and external responses to them. The findings show that the interaction effect is significant and it works in the expected direction for issue importance, CSR fit, and CSR attributions. However, for CSR impact, attitude, trust, purchase, and advocacy intentions, the findings suggest that narrative discourses work better than expositive discourses both for utilitarian and hedonic services. No significant differences between types of discourses are observed for CSR motives, CSR commitment, and C-C identification and the interaction effect is also not significant for these variables.

scholarly journals Mobbing and corporate social responsibility: does the status of the organisation guarantee employee wellbeing and intentions to stay in the job?

2020 ◽  
Vol 11 (4) ◽  
pp. 743-778
Author(s):  
Jolita Vveinhardt ◽  
Włodzimierz Sroka
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Emotional State ◽  
Value Added ◽  
Employee Wellbeing ◽  
The Status ◽  
Corporate Social ◽  
Different Cultures ◽  
The Impact ◽  
Better Than

Research background: In spite of abundant evidence that Corporate Social Responsibility (CSR) contributes to improving the emotional state of employees as stakeholders and can serve as a useful tool for reduction of their turnover in organizations, until now, it remains unclear how the different status of CSR is related to consequences accompanying mobbing. Purpose of the article: This study compares the emotional state and intentions of Polish and Lithuanian organizations? employees who have experienced mobbing with regard to the status of CSR. The paper presents part of the results of a wider study conducted in two neighbouring states, which are exclusively related to the employees? emotional state and employee intentions after experiencing mobbing in the workplace. Methods: The research sample involved 823 respondents employed in Lithuania and Poland. The questionnaire survey was conducted using the questionnaire ?Mobbing as a Psychosocial Stressor in the Organizations Accessing and Implementing Corporate Social Responsibility ? MOB-CSR?. Comparisons are made with regard to and CSR and relate to Lithuania (LT) and Poland (PL), when organisations are divided into three groups: (I) Is CSR; (II) Seeks to be-come CSR and (III) Does not seek to become CSR. Mann-Whitney U test and Kruskal-Wallis H test were used as the research methods. Findings & Value added: CSR is related to employees? better emotional state and lesser intentions to leave the organisation, but the study revealed unexpected results showing that according to certain parameters, the situation in the organisations seeking CSR was better than in those already declaring this status (e.g. the feeling of hopelessness, reluctance to seek better results, etc.). It is discussed why the results between countries that have similar historical experience and are culturally close differ. The conclusions emphasize the necessity for practitioners and researchers to evaluate the impact of change on employees? emotional state and intentions at different stages of CSR implementation more carefully. Besides, the results revealed a significant impact of the different status of enterprises with regard to CSR on employees? emotional state and intentions to stay in the job. This article contributes to the literature analysing organizational management by filling gaps in empirical research on CSR, mobbing, employees? emotional state and intentions in different cultures.

scholarly journals Irresponsible Corporate-Responsibility Rules

2016 ◽  
Vol 77 (4) ◽  
Author(s):  
Lide E. Paterno
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Local Level ◽  
National Level ◽  
The State ◽  
Benefit Corporation ◽  
Conflict Minerals ◽  
Social Cause ◽  
Disclosure Rules ◽  
Corporate Social

A wave of legislative efforts in the first half of this decade, at both the federal and state levels, has steered corporations to engage in corporate social responsibility. At the national level, Congress is increasingly calling upon the Securities and Exchange Commission to promulgate specialized disclosure rules. The most notable example is Section 1502 of the Dodd-Frank Act, requiring publicly traded corporations to disclose their use of broadly defined “conflict minerals” in any products the corporations manufacture. At the local level, well over half the state legislatures have adopted benefit corporation statutes meant to encourage corporate directors to promote the public good.These two well-meaning phenomena appear congruent and their goals seem promising: superficially, the SEC’s specialized disclosure rules can be characterized as federal benefit corporation rules. Closer examination, however, reveals that the reasoning bolstering the state benefit corporation statutes, aimed more at symbolism than substance, undermines the likely effectiveness of the federal specialized disclosure rules. Comparison of the two models indicates that the federal rules yield substantial costs but speech of little value, little change in corporate behavior, and, consequently, little advancement of the social cause the rules target. Econometric analysis of first-year filings under the SEC conflict minerals regulations supports this apprehension, suggesting that the benefits of the federal benefit corporation rules are more illusory than actual. By over-promising and under-delivering, these federal corporate social responsibility rules are, in fact, irresponsible.

scholarly journals Internal Control, Nature of Equity and Corporate Social Responsibility

2018 ◽  
Vol 9 (1) ◽  
pp. 12
Author(s):  
Lu Sun ◽  
Nanni Su
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Internal Control ◽  
Empirical Test ◽  
Stock Exchanges ◽  
Corporate Social ◽  
The Relationship ◽  
Positive Effect ◽  
Better Than

Enterprises can promote the fulfillment of corporate social responsibility through excellent internal control so as to achieve the long-term development. Based on the empirical data of main board listed companies of Shanghai and Shenzhen Stock Exchanges from 2013 to 2015, this paper conducts an empirical test by establishing the relationship models among internal control, nature of equity and corporate social responsibility. The results indicate that: (a) Internal control can positively promote the fulfillment of corporate social responsibility; (b) The state-owned enterprises fulfill corporate social responsibility better than non-state-owned enterprises; (c) State-owned enterprises can enhance the positive effect of internal control on the fulfillment of corporate social responsibility.

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