Corporate Social Responsibility and Financial Performance Following the Global Financial Crisis

2015 ◽  
Author(s):  
Zhichuan Frank Li ◽  
Tanner Forster
Keyword(s):  
Corporate Social Responsibility ◽  
Financial Crisis ◽  
Social Responsibility ◽  
Financial Performance ◽  
Global Financial Crisis ◽  
The Global Financial Crisis ◽  
Corporate Social

scholarly journals Global financial crisis and corporate social responsibility disclosure

2016 ◽  
Vol 12 (4) ◽  
pp. 654-671 ◽  
Author(s):  
António Dias ◽  
Lúcia Lima Rodrigues ◽  
Russell Craig
Keyword(s):  
Corporate Social Responsibility ◽  
Financial Crisis ◽  
Social Responsibility ◽  
Global Financial Crisis ◽  
Stakeholder Management ◽  
Community Relations ◽  
Content Type ◽  
Corruption Prevention ◽  
The Global Financial Crisis ◽  
Corporate Social

Purpose This paper investigates the effect of the global financial crisis (GFC) on the level of corporate social responsibility disclosures (CSRD) in the annual report and/or CSR report of 36 major listed Portuguese companies in each of the years 2005, 2008 and 2011. Design/methodology/approach The analysis is framed principally by stakeholder theory. Data were explored using thematic content analysis and an index of disclosure calculated by year, industry type (consumer proximity versus environment sensitivity) and category of information. Findings Before the GFC, Portuguese listed companies increased their CSRD practices significantly. During the crisis, there was a slight decrease in CSRD. However, this was not as pronounced, as it would otherwise have been because it was counteracted by increased disclosures of company interactions with society, particularly in matters of corruption prevention and community engagement. CSRD was higher for companies with high consumer proximity but did not appear to be influenced by companies’ level of environmental sensitivity. Originality/value The results reveal a strong concern by companies for stakeholder management (particularly in respect of community relations) in a period of financial crisis. This study highlights the effect of a company’s proximity to consumers on levels of CSRD.

scholarly journals Crisis of corporate social responsibility and its status in Russia

2009 ◽  
pp. 181 ◽  
Author(s):  
Vitaly J. Ozira
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Western Europe ◽  
Joint Venture ◽  
Global Financial Crisis ◽  
Current Crisis ◽  
Positive Side ◽  
Official Position ◽  
The Global Financial Crisis ◽  
Corporate Social

This paper picked a topic - the global financial crisis- to highlight several related problems. The current crisis was not caused by failed economic policies. The root cause is failed leadership. People sometimes forget that business ethics at its core is about excellence and high attainment rather than misdeeds and malfeasance.<br />In recent years, however, more attention has been paid to the positive side of ethics. More managers in Russia are waking up to the ways in which positive values contribute to a company's effective day-to-day functioning, as well as its reputation and long-term sustainability.<br />Contrary to Western Europe and Scandinavia, Corporate Social Responsibility is a relatively new concept in Central and Eastern Europe and Russia. Cultural gaps between Westerners and Locals have gradually been narrowing and becoming less divisive. Improved knowledge by foreign investors on how to operate successfully in a post-communist region, on "how to bridge the gap", greatly decreases the risk of the East-West joint venture.<br />The views expressed in the paper are the author's own responsibility and should not be interpreted as presenting the official position paper on Corporate Governance.<br /><br />En este trabajo se enfoca la crisis financiera global con el fin de destacar los problemas más importantes relacionados con ésta. La presente crisis no fue provocada por causas meramente económicas. La causa fundamental radica en el liderazgo. A veces, la gente olvida que la ética de las relaciones juega un papel importante a la hora de llevar a cabo un negocio. Últimamente, no obstante, se presta más atención al aspecto positivo de la ética profesional. Un número creciente de gestores rusos emprenden el camino en el que los valores positivos conducen a un eficaz funcionamiento diario así como su prestigio y sostenibilidad a largo plazo. A diferencia de la concepción de la Europa occidental y escandinava de Responsabilidad Social Corporativa, en la Europa Central, del Este y en Rusia, es un concepto relativamente nuevo. Sin embargo, las divergencias culturales que constituían un obstáculo serio entre los inversores occidentales y locales en los últimos años se han reducido. Los inversores extranjeros van mejorando su conocimiento de como actuar con éxito en una región postcomunista. Los puentes que se han tendido entre el Este y el Oeste han reducido los riesgos de joint ventures.<br />Las opiniones expresadas en el articulo son responsabilidad del autor y no deben interpretarse como la postura oficial rusa sobre la Gobernanza Corporativa.<br />

scholarly journals Corporate Social Responsibility in South Europe during the Financial Crisis and Its Relation to the Financial Performance of Greek Companies

2021 ◽  
Vol 13 (14) ◽  
pp. 8055
Author(s):  
Ioannis Ziogas ◽  
Theodore Metaxas
Keyword(s):  
Corporate Social Responsibility ◽  
Financial Crisis ◽  
Social Responsibility ◽  
Financial Performance ◽  
Moral Rule ◽  
Moral Obligations ◽  
Starting Point ◽  
Method Of Evaluation ◽  
Corporate Social ◽  
Quantitative Indicators

This paper aims at presenting the notion of corporate social responsibility in Europe by examining its application in Southern European countries, Greece, Italy, Spain and Portugal. These major Mediterranean countries, beside the geographical proximity and common features, were at the center of the financial crisis in Europe in 2009. The aforementioned countries are under evaluation on the one hand as a European region and on the other hand as independent ones. Considering the complexity of CSR, its aspects through time, its diversity depending on the geographical position and the necessity of ethical CSR as part of business activity, this paper presents a new categorization of existing quantitative indicators and a method of evaluation that covers the multidimensional notion of CSR. The new model, which combines quantitative indicators, is used to measure CSR during the period from 2009 until 2016 and reflects companies’ ethical policy, the degree of understanding their moral obligations. The longitudinal comparative analysis is the starting point for further improvement as the countries, except for Portugal, are fluctuating within low levels and the Mediterranean region as a whole in average ones. Furthermore, having estimate CSR index, the examination of the financial performance of Greek companies within the period 2015-2016 confirms the majority of the literature that the adoption of CSR’s good practices, is not only a moral rule, but contributes at least partly, to the development of their effectiveness. As a conclusion, the structure of a commonly acceptable measurement model of the National Social Responsibility and the longitudinal measurement will be a useful tool for all involved institutions, with immediate results to both the society and the companies.

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