Corporate Social Responsibility in the Modern Economy: A Way to Sustainable Business Practices

2011 ◽  
Author(s):  
Ashish Mathur ◽  
Meeta M. Nihalani
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Business Practices ◽  
Sustainable Business ◽  
Modern Economy ◽  
Corporate Social

scholarly journals Evidence in Asian Food Industry: Intellectual Capital, Corporate Financial Performance, and Corporate Social Responsibility

2020 ◽  
Vol 17 (2) ◽  
pp. 663 ◽  
Author(s):  
Cheng-Hung Tsai ◽  
Eugene Burgos Mutuc
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Financial Performance ◽  
Intellectual Capital ◽  
Food Industry ◽  
Corporate Financial Performance ◽  
Business Practices ◽  
Sustainable Business ◽  
Listed Firms ◽  
Corporate Social

Intellectual capital (IC) and corporate social responsibility (CSR) provide a strong link between the enterprise and stakeholders. These strategic approaches are responsible in value formation for better financial performance. This study investigates the mediating effects of corporate financial performance on the relationship between IC components (ICs) and CSR of firms from the food industry in Asia. We analyzed 308 firm-year observations of 44 listed firms from 2011 to 2017. The results of this study provided mixed findings regarding the effects of ICs and CSR. In addition, results vary from the disaggregated effects of each IC component on environmental, social, and governance pillars. The results also indicate that the combination of accounting and market-based estimates of financial performance was found to be significant mediating factor to explain the phenomenon which varies per ICs and dimensions of CSR. Lastly, the implications for sustainable business practices and investments in knowledge-based resources in the food industry are elaborated.

Liquidity Implications of Corporate Social Responsibility Disclosures: Malaysian Evidence

2015 ◽  
Vol 15 (1) ◽  
pp. 133-153 ◽  
Author(s):  
Ravichandran K. Subramaniam ◽  
Shyamala Dhoraisingham Samuel ◽  
Sakthi Mahenthiran
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Data Availability ◽  
Business Practices ◽  
Sustainable Business ◽  
Emerging Capital Markets ◽  
The Government ◽  
Csr Disclosure ◽  
Corporate Social ◽  
Trading Friction

ABSTRACTThe study examines the association between the different types of blockholdings, the levels of corporate social responsibility (CSR) disclosure, and liquidity of shares traded in Malaysian public listed companies (PLCs) on Bursa Malaysia. The sample consists of 194 most actively traded PLCs for the year 2009. A CSR index was constructed using the criteria used by a leading newspaper that provides an annual CSR award. We suggest that such CSR awards help legitimize the business activities of PLCs in the eyes of a government promoting sustainable business practices. The study finds that while insider blockholdings increases the trading friction and reduces liquidity, the nongovernmental institutional blockholdings improve the liquidity of shares traded on Bursa Malaysia. Moreover, the government institutional blockholdings interacts with the CSR disclosure levels to affect the liquidity of the shares traded. These findings make important contributions to emerging capital markets where government regulations incentivize CSR disclosures and the involvement of institutional investors in the governance of PLCs are the norm.Data Availability: The authors are willing to share the data for use by others in extending or replicating results reported in their articles (send request to Ms. Dhoraisingham at: [email protected]).

Sustainable Corporate Entrepreneurship from a Strategic Corporate Social Responsibility Perspective

2013 ◽  
Vol 14 (1) ◽  
pp. 5-14 ◽  
Author(s):  
Muhammad Atiq ◽  
Mine Karatas-Ozkan
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Corporate Entrepreneurship ◽  
Shared Value ◽  
Business Practices ◽  
Sustainable Business ◽  
Sustainable Entrepreneurship ◽  
Business Operations ◽  
Corporate Social ◽  
Is Value

This paper explores the process of sustainable entrepreneurship from the perspective of strategic corporate social responsibility (CSR). Drawing on insights from entrepreneurship studies that focus on opportunity creation and enactment, along with the extant literature on CSR, the authors propose a conceptual framework for sustainable entrepreneurship that combines an entrepreneurial approach with sustainability. The authors suggest that sustainability should be embedded in the business operations of companies and that sustainable business practices should be driven by an entrepreneurial approach in order to create shared value – that is, value for the business as well as for society. Shared value creation is the outcome of sustainable corporate entrepreneurship.

scholarly journals The Role of Accommodation Enterprises in the Development of Sustainable Tourism

2021 ◽  
Vol 12 (23) ◽  
pp. 181-198
Author(s):  
Muhammet Necati Çelik ◽  
Aydın Çevirgen
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Sustainable Tourism ◽  
Tourism Development ◽  
Business Practices ◽  
Sustainable Business ◽  
Sustainable Tourism Development ◽  
Roles And Responsibilities ◽  
Corporate Social

One of the obstacles to the success of sustainable tourism development is that the roles and responsibilities of the stakeholders in the destination are not clearly defined. This research aims to determine sustainable business practices, corporate social responsibility activities, the obstacles encountered while performing these activities, and the provided benefits within the roles and responsibilities of accommodation enterprises. The study used a phenomenology research design, a qualitative study method. A semi-structured interview form was implemented to 19 senior managers of 22 accommodation enterprises in Alanya that have environmentally friendly certificates. The results showed that the managers of the accommodation enterprises considered themselves responsible for the protection and development of the environment and that the sustainable business practices they performed were mostly ecological. It was also revealed that managers of accommodation enterprises should pay more attention to planning, which is one of the basic principles of sustainable tourism. The study’s main contribution is that it discusses sustainable business practices and corporate social responsibility activities together to determine the roles of accommodation enterprises in sustainable tourism development. Besides that, it also examines the factors that prevent sustainable business practices and their benefits. Considering that few empirical studies holistically discuss the role of accommodation enterprises in the sustainable development of tourism, this study is expected to provide a significant contribution to the literature. Deficiency of planning, mainly performing ecologically sustainable business practices, and the necessity of an effective governance system are among the implications of the research.

Hollow Notion of Corporate Social Responsibility. Introduction of a Frame Field Model to Investigate CSR in Public Discourses

MedienJournal ◽  
2018 ◽  
Vol 42 (1) ◽  
pp. 11-32 ◽  
Author(s):  
Franzisca Weder
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Public Discourse ◽  
Field Model ◽  
Communication Studies ◽  
Business Practices ◽  
Frame Field ◽  
Quantitative Content ◽  
German Speaking ◽  
Corporate Social

The present study examines the relevance and framing of Corporate Social Responsibility in the mass media. Challenged by the ethically (over)loaded issue of responsibility, communication studies are searching for a new understanding of framing to investigate phenomena of new economic values like Corporate Social Responsibility in public discourses. For the quantitative content analysis put forward herein, frames are described as footprints of diverse positions, which determine a given public discourse. The longitudinal analysis of 26 German-speaking newspapers in Germany, Austria, and Switzerland between 1999 and 2008, a phase where CSR was aligned in business practices and CSR communication established in public discourses, aims at identifying CSR-frames as well as inquiring into the existence of a public discourse about CSR. The results show that there is no discourse on CSR itself. Instead of the assumed multiple issue-specific frames, CSR itself is (ab)used as a masterframe or “buzz word” in economic discourses.

scholarly journals The Incidence of Social Responsibility in the Adoption of Business Practices

2021 ◽  
Vol 13 (5) ◽  
pp. 2794 ◽  
Author(s):  
Felipe Arenas-Torres ◽  
Miguel Bustamante-Ubilla ◽  
Roberto Campos-Troncoso
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Correlation Coefficient ◽  
Collective Impact ◽  
Business Practices ◽  
Socially Relevant ◽  
Corporate Social

Corporate social responsibility (CSR) policies are evidenced by adopting socially relevant business practices for people, communities, companies, and related institutions. Based on this conception, the present work determines the incidence of ethics and CSR on practices regarding diversity, environment, and community of Chilean companies. The method, applied to a sample of 3179 Chilean companies, was descriptive and correlational. Results demonstrate an incipient level of standardization in the adoption of social responsibility practices. The dimension regarding diversity presented a higher cumulative correlation coefficient, which could lead to a change in CSR practices. It is concluded that the collective impact of the ethics and CSR policies was positive and significant in the adoption of practices related to diversity, environment, and community.

scholarly journals PENGARUH REGULASI PEMERINTAH, TEKANAN MASYARAKAT, TEKANAN ORGANISASI LINGKUNGAN, TEKANAN MEDIA MASSA, TERHADAP CORPORATE SOCIAL DISCLOSURE

2017 ◽  
Vol 15 (1) ◽  
pp. 23
Author(s):  
Basuki Basuki ◽  
Corry Natasha Patrioty
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Government Regulation ◽  
Empirical Finding ◽  
Business Practices ◽  
Strong Argument ◽  
Corporate Social Disclosure ◽  
Community Pressure ◽  
Corporate Social ◽  
Social Disclosure

In recent conditions, company is not considers merely on profit, but there is strong argument that company must aware on its social environments. Hence, it is required that a company must disclose its social responsibility to the stakeholders. Corporate social disclosure itself is influenced by many factors. The objective of this study is to explain the influencing factors of corporate social responsibility. Based on the Stakeholders theory, the study will investigated social responsibility accounting phenomena on business practices. The research sites would be in PTPN- East Java consists of PTPN X, XI, and XII. Regressions models are used to test the formulated hypothesis. Data were collected by using questionnaires which were mailed to 58 top and middle managers in PTPN who directly or indirectly involved in the corporate social responsibility. The empirical finding showed that and partially Mass media pressure are significant factor to corporate social disclosure, meanwhile Government regulation, Community pressure, environmental organization pressure do not have significant effect on corporate social disclosure. However, simultaneously those factors significantly influence the PTPTN’s corporate social disclosure.

Corporate Social Responsibility and Sustainable Business

2019 ◽  
pp. 1001-1016
Author(s):  
Ioana Duca ◽  
Rodica Gherghina
Keyword(s):  
Sustainable Development ◽  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
International Level ◽  
Sustainable Business ◽  
Theoretical Approaches ◽  
Points Of View ◽  
Corporate Social

In this article, the authors propose an analysis of the corporate social responsibility (CSR) concept together with an emphasis on the role it plays in the context of sustainable development. The article includes a synthesis of the various theoretical approaches to CSR, an overview of the development of CSR practices at a national and an international level, certain authors' for and against arguments are related to generalising these practices, trends regarding CSR practices at international level, as well as an analysis of the CSR practices in Romania. The research conclusions express the author's own points of view on the development of corporate social responsibility initiatives at company level and the related benefits thereof.

Sustainability, Corporate Social Responsibility, and Corporate Reputation in the Wine Sector

2022 ◽  
pp. 696-720
Author(s):  
Barbara Iannone
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Corporate Reputation ◽  
Wine Industry ◽  
Business Practices ◽  
Comprehensive Overview ◽  
Business Interests ◽  
Framework Model ◽  
Wine Sector ◽  
Corporate Social

This article offers a comprehensive overview on the relationship between sustainability, corporate social responsibility (CSR), and corporate reputation (CR) by examining a field study case of a wine family firm located in the Abruzzo region of Italy. Through qualitative research methods, direct interviews to the family, social accountability, archives and observations of the company's life, information is organized in thematic areas suggesting the need of an alignment between environmental and business interests. The results are further used in proposing a framework model focused on the identification of key performance indicators (KPI). The main pillars of this concept are evaluating, monitoring and improving CR. The conclusion stresses the importance of replicating this type of modelling initiative with the purpose of professionalizing the wine industry into a more sustainable production and more successful business practices.

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