U.N. Global Compact: The Lifeline of Corporate Social Responsibility

2008 ◽  
Author(s):  
Aakanksha Nath ◽  
Arpita Saha
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Global Compact ◽  
Corporate Social

Corporate Social Responsibility Practices in Multinationals and Large Enterprises in Pakistan

2016 ◽  
Vol 1 (1) ◽  
pp. 1-16 ◽  
Author(s):  
Zahid Ali Memon ◽  
Javaid Ali Dars ◽  
Wahid Bux Mangrio ◽  
Arabella Bhutto ◽  
Mark Gregory Robson
Keyword(s):  
Corporate Social Responsibility ◽  
Content Analysis ◽  
Social Responsibility ◽  
United Nations ◽  
United Nations Global Compact ◽  
Global Compact ◽  
Large State ◽  
Business Excellence ◽  
Corporate Social ◽  
Large Enterprises

This article presents the investigation of how far multinationals and other large state-owned companies in Pakistan practice corporate social responsibility. The authors compared the corporate social responsibility initiatives of the companies with the10 principles of the United Nations Global Compact (UNGC) to look at the corporate social responsibility aspects covered and to find what elements are yet to be complied with. The content analysis of these companies' official Websites was carried out to explore the issue under investigation. The sample included40 companies that received second CSR Business Excellence Awards in 2014 to see if individual companies' CSR policies and practices were globally driven and to assess the level of commitment with UNGC principles

Corporate social responsibility, stock salience, and the asymmetric market impact of consumer sentiment news on Spanish firms

2015 ◽  
Vol 7 (2) ◽  
pp. 98-115
Author(s):  
Barry Oliver ◽  
Blanca Pérez-Gladish ◽  
Paz Méndez-Rodríguez
Keyword(s):  
Corporate Social Responsibility ◽  
Stock Market ◽  
Social Responsibility ◽  
Consumer Sentiment ◽  
Global Compact ◽  
Un Global Compact ◽  
Content Type ◽  
Negativity Effect ◽  
Corporate Social

Purpose – The purpose of this paper is to identify whether the Spanish stock market experiences a negativity effect on the announcement of Spanish consumer sentiment information and if firms that are signatory to the UN Global Compact on corporate social responsibility are relatively more salient in the minds of investors. Design/methodology/approach – The authors use consumer sentiment announcements to show how the negativity effects on the Spanish stock market are significantly influenced by how salient the stock is in the minds of investors. If a firm’s stock exhibits negativity effects on the release of consumer sentiment information then this stock is salient to investors. If firms who are signatory to the UN Global Compact exhibit significant negativity effects, it could be concluded that these stocks are salient, particularly if firms that are not signatory to the Global Compact do not exhibit a similar negativity effect. Findings – The IBEX35 index experiences significant negativity effects upon the release of Spanish consumer sentiment announcements. This is similar to that reported in other countries, notably Australia and the USA. Using the constituent firms in the IBEX35 index, the authors find that those firms that are signatory to the UN Global Compact are significantly more likely to experience negativity effects upon the release of Spanish consumer sentiment information than if they are not signatory to the Global Compact. This indicates that firms that are part of the UN Global Compact are more salient to investors. Research limitations/implications – Available published Spanish data on consumer sentiment. Practical implications – Little is understood of the impact that consumer sentiment announcements have on stock prices. Studies in USA and Australia have identified significant negativity effects in stock markets when consumer sentiment information is released. This research has found that a psychological negativity bias occurs in firms that are salient to investors. Salience has been found to be important in asset pricing. Originality/value – This paper tries to find out which companies are more likely to sign the UN Global Compact. These companies are more sensitive to consumer sentiment, because they depend on the everyday decisions of the consumers. The more the companies depend on consumers, the more they care about them. And, when the consumer sentiment goes down, they are more affected by this sentiment. These firms are also more worried about the long term. They are not only thinking about the profits in the short term but also about maintaining the generation of profits in the long term.

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