scholarly journals The Responsibility Paradox: Multinational Firms and Global Corporate Social Responsibility

2006 ◽  
Author(s):  
Gerald F. Davis ◽  
Marina V. N. Whitman ◽  
Mayer Nathan Zald
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Multinational Firms ◽  
Corporate Social

Corporate Social Responsibility Performance and Outsourcing: The Case of the Bangladesh Tragedy

2017 ◽  
Vol 16 (1) ◽  
pp. 59-79 ◽  
Author(s):  
Gyung H. (Daniel) Paik ◽  
Byunghwan (Brandon) Lee ◽  
Kip R. Krumwiede
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Stock Price ◽  
Multinational Firms ◽  
Developed Countries ◽  
Worker Safety ◽  
Labor Costs ◽  
Subsequent Performance ◽  
Social Visibility ◽  
Corporate Social

ABSTRACT Multinational firms frequently outsource the manufacturing of their products to factories in less-developed countries to take advantage of much lower labor costs. A tragic disaster occurred in Bangladesh in April 2013 when a clothing factory building collapsed, killing more than 1,000 workers. Subsequently, textile companies in the U.S. and in Europe that outsource their manufacturing in Bangladesh had to decide whether to commit to better working conditions by signing one of two worker safety agreements (WSAs) born from the aftermath of the tragedy. Although many firms signed one of these agreements, many more did not. This study explores the relationship between an actual corporate social responsibility (CSR) commitment and firm performance using a sample of companies that signed one of the WSAs after the Bangladesh disaster and those that did not. The results suggest that the decision to sign is positively associated with social visibility, prior CSR performance, and impact in stock price after the tragedy. Regarding subsequent performance, investors favorably responded to the news of firms' signing the WSA agreement.

Ownership structure and corporate social responsibility in India: empirical investigation of an emerging market

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Manogna R.L.
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Mutual Fund ◽  
Institutional Investors ◽  
Multinational Firms ◽  
Emerging Market ◽  
Governance Structure ◽  
Content Type ◽  
Lending Institutions ◽  
Corporate Social

Purpose Previous studies have examined the relationship between institutional investors and corporate social responsibility (CSR) engagement primarily for the case of developed nations. The purpose of this paper is to look at the association between different ownership categories and CSR spending of selected Indian firms within an emerging market context. Design/methodology/approach This study examines the motivations that guide the CSR strategies of different ownership groups. Random-effects Tobit panel regression is performed on a panel of BSE-listed non-financial Indian firms panel comprising of 5,313 firm year observations over a six-year period (2014-2019). Findings Heterogeneous behavior of institutional investors is revealed through the study. Different categories of institutional investors have different preferences for CSR spending of a firm. Lending institutes and foreign institutional investors (FIIs) are seen to support the CSR investments. However, mutual fund investors are seen to not influence the CSR spend by the firms. Further, the results show that family ownership, measured in terms of family shareholding, positively moderates the lending institutions and mutual funds toward CSR and does not impact the FIIs decision regarding the CSR investments. Practical implications The analysis has implications for both institutional investors and multinational firms. In the emerging market context, managers and owners who target long term strategies such as CSR, will benefit from increasing shareholdings of creditors (lending institutions). They can also take steps to improve their transparency and corporate governance structure so as to attract the foreign institutional investments. Originality/value Managers cannot ignore the heterogeneities of institutional investors in their investment decisions and hence CSR decisions need to align with those of different types of investors. This study adds to the existing literature by offering new empirical insights from the perspective of an emerging market, India.

Corporate Social Responsibility and Corporate Governance

2016 ◽  
pp. 163-182
Author(s):  
Andrée Marie López-Fernández
Keyword(s):  
Corporate Governance ◽  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Multinational Firms ◽  
Corporate Social

Corporate Social Responsibility (CSR) and corporate governance are two distinct concepts that may seem to be isolated in practice. However, there are many parallels to the extent that the latter may define the engagement of the former. As such, it may be argued that corporate governance is essential to the implementation of CSR. Thus, a question arises, are firms' governance policies conducive to the engagement in corporate social responsibility? This study aims to evaluate the dynamics between corporate social responsibility and corporate governance of multinational firms operating in Mexico. Findings indicate that the practice of disclosing corporate social responsibility is more common than the transparent communication of corporate governance; however, the compliance with corporate governance is consistent with that of corporate social responsibility within the analysed firms.

Corporate Social Responsibility and Corporate Governance

2018 ◽  
pp. 1673-1692
Author(s):  
Andrée Marie López-Fernández
Keyword(s):  
Corporate Governance ◽  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Multinational Firms ◽  
Corporate Social

Corporate Social Responsibility (CSR) and corporate governance are two distinct concepts that may seem to be isolated in practice. However, there are many parallels to the extent that the latter may define the engagement of the former. As such, it may be argued that corporate governance is essential to the implementation of CSR. Thus, a question arises, are firms' governance policies conducive to the engagement in corporate social responsibility? This study aims to evaluate the dynamics between corporate social responsibility and corporate governance of multinational firms operating in Mexico. Findings indicate that the practice of disclosing corporate social responsibility is more common than the transparent communication of corporate governance; however, the compliance with corporate governance is consistent with that of corporate social responsibility within the analysed firms.

scholarly journals Corporate Social Responsibility Practices in India

2008 ◽  
Vol 7 (1) ◽  
pp. 29-52
Author(s):  
Leena James ◽  
Adrinil Santra
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Multinational Firms ◽  
Fast Growing ◽  
Growing Economy ◽  
The Right ◽  
Corporate Social

In recent times there have been evidences of an increasing awareness of corporate social responsibility in Indian business scenario. India is a fast growing economy and is booming with national and multinational firms. Therefore it is all the more imperative for the Indian companies to be sensitized to CSR in the right perspective.

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