scholarly journals Estimation of portfolio efficiency considering social responsibility: Evidence from the multi-horizon diversification DEA

2021 ◽  
Author(s):  
Tiantian Ren ◽  
Zhongbao Zhou ◽  
Helu Xiao
Keyword(s):  
Social Responsibility ◽  
Financial Indicators ◽  
Output Process ◽  
Input Output ◽  
Portfolio Returns ◽  
Time Horizons ◽  
Portfolio Efficiency ◽  
The Social ◽  
Portfolio Managers ◽  
The Impact

With the introduction of the concept of social responsibility investment/green investment, more and more investors have realized the importance of such investment, which has prompted portfolio managers to more comprehensively consider both financial and non-financial performance of portfolios in different time horizons. DEA (Data Envelopment Analysis), as a data-driven evaluation approach, has been widely used in performance evaluation of portfolios. However, the existing studies are mostly limited to single-horizon problems, and the evaluation indicators are mostly financial indicators, while ignoring the impact of non-financial indicators (e.g., social responsibility indicators). More importantly, the input-output process of portfolios in the multi-horizon framework also needs to be clarified. In this paper, we first define the input-output process of portfolios from the multi-horizon perspective, and then propose the corresponding stochastic output possibility sets based on portfolio returns and social responsibility indicators. We use the expectation and variance measures to derive the deterministic estimation of the above stochastic sets, where the expectations and variances of portfolio returns and social responsibility indicators are all regarded as outputs. We construct the multi-horizon diversification DEA models both with and without social responsibility constraints. Finally, we select the 20 component stocks of China ESG100 index to illustrate the difference between the multi-horizon models and the single-horizon models, and further discuss the impact of social responsibility on the portfolio efficiency and its ranking. The empirical results show that compared with the single-horizon models, the proposed models can provide portfolio managers with an improvement strategy to balance the performance of portfolio returns and social responsibility indicators in different time horizons. Further, we also find that the social responsibility has a greater impact on the portfolio efficiency and its ranking, especially when the portfolio managers pay more attention to the social responsibility performance.

A Comparison of CSR Disclosure Guidelines and a Self-Prepared CSR Disclosure Index- A Study of Select Automotive Companies

2015 ◽  
Vol 4 (2) ◽  
Author(s):  
N.K. Gupta ◽  
Shilki Bhatia
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Economic Environment ◽  
Global Reporting Initiative ◽  
The Social ◽  
Regulatory Bodies ◽  
Csr Disclosure ◽  
Corporate Social ◽  
The Impact ◽  
Voluntary Guidelines

In India, corporate social responsibility and its disclosure got attention during the eighties and have been gaining importance with time in present economic environment, especially after adoption of liberalization, privatization, and globalization (LPG) (Goswami, 2011). Guidelines, principles, and codes are being developed by various regulatory bodies in India and across the globe to increase transparency and accountability about both a companys daily operations and the impact of these operations on society (Tran, 2014) In this paper, the author has studied the CSR guidelines laid down by Global Reporting Initiative G3.1 (GRI-G-3) and The National Voluntary Guidelines by Ministry of Corporate Affairs (NVG-MCA) and has compared them with a self-composed CSR Disclosure Index (CSRDI). The social responsibility initiatives taken by select Indian Automotive Companies have been analyzed and the companies have been rated as per the disclosures made by them. The main focus of the research is to compare the CSR Rankings of companies as per CSRDI with the companies rankings as per GRI-G-3 and NVG-MCA. It was observed that out of 30 sensex companies, Maruti Suzuki and TATA Motors have been the pioneers in contribution towards CSR initiatives. The top five rated companies were TATA Motors, Maruti Suzuki, Mahindra and Mahindra, Hero Motocorp, Bajaj Auto, and Apollo Tyres.

scholarly journals Student Auditing of University Social Responsibility - Reform through Reflective, Experiential Learning?

2017 ◽  
Author(s):  
Isabel Menezes ◽  
Márcia Coelho ◽  
Fernanda Rodrigues ◽  
Peter Evans ◽  
Brian Martin
Keyword(s):  
Higher Education ◽  
Experiential Learning ◽  
Initial Data ◽  
Social Responsibility ◽  
Public Engagement ◽  
European Universities ◽  
The Social ◽  
Teaching Support ◽  
The Impact

The emphasis on the social responsibility of higher education institutions emerged more systematically in the Post-Bologna European context. This paper presents an overview of a case study on a certificate in university social responsibility auditing, based on three European universities: Edimburgh, Kaunas and Porto. The goal is to develop an auditor training for students based on experiential learning, that is coherent and replicable in diverse contexts and that involves the various stakeholders. The project is based on a set of benchmarks of university social responsibility developed in the context of a European project, namely:  Research, Teaching, Support for Learning and Public Engagement; Governance; Environmental and Societal Sustainability; and Fair Practices. We will report on the initial data generated by the ESSA Project, in respect of student recruitment, baseline attitudes and the impact of participation in the training and the first audit.

scholarly journals Roles and Challenges of Technology in Corporate Social Responsibility

2019 ◽  
Vol 6 (2) ◽  
pp. 5336-5340
Author(s):  
Mohamed Abualhaija DBA
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Global Economy ◽  
Atomic Bomb ◽  
Brand Name ◽  
Research Fields ◽  
The Social ◽  
Impact Of Technology ◽  
Corporate Social ◽  
The Impact

Many believe that Corporate Social Responsibility (CSR) is irrelevant and bad for businesses, while others swear of its strategic importance for the overall growth of local and global economies. This paper examines the impact of technology on corporates morals and social responsibility. Companies like GE and Nike direct resources and strategies to strengthen the environment and local and global communities. Through improving education programs and investing in technology, these companies attempt to fulfill their social responsibilities to all communities. Companies use corporate social responsibility to build a reputation and a brand name. Through technology exports, the world’s economy is synchronized. Creating and sharing technology enhances the world’s productivity and economy, mainly because developing countries are incapable of investing much in R&D. As the infusion of technology contributes to the growth of the global economy, the question remains to what degree the technological breakthroughs create ethical and moral concerns when exploring new frontiers, and to what degree scientists consider the social and ethical consequences when testing and investigating. This paper explores some of the ethical, social, and legal circumstances related to different controversial research fields to include creating the atomic bomb, human cloning, and the research of synthetic biology science.  

Some Considerations Regarding the Social Responsibility of Entrepreneurs in the European Union

2013 ◽  
Vol 2 (1) ◽  
pp. 26-35
Author(s):  
Mirela Matei ◽  
Marian Catalin Voica
Keyword(s):  
Social Responsibility ◽  
Social Impact ◽  
Social Programs ◽  
The European Union ◽  
Negative Effects ◽  
The Social ◽  
Transnational Companies ◽  
The One ◽  
Corporate Social ◽  
The Impact

The concept of corporate social responsibility is in constant development. It passes from the sphere of large transnational companies to the smaller sized companies, in the field of SMEs. Although SMEs don’t have the impact of great corporations, they have a duty to carry out social responsibility programs. An SME, as a singular unit, does not have the social impact of transnational corporations, but the large number of SMEs creates a social impact comparable to the one generated by large corporations. Due to competitive pressures, large transnational companies have outsourced some activities. SMEs that have taken over these activities have taken over responsibility for social programs to offset the negative effects arising

scholarly journals The Impact of Social Responsibility Disclosure in Reducing the Risk in Jordanian Commercial Banks

2020 ◽  
Vol 11 (3) ◽  
pp. 142
Author(s):  
Yousef Shahwan ◽  
Oways Abdel-hamid
Keyword(s):  
Social Responsibility ◽  
Stock Prices ◽  
Commercial Banks ◽  
Financial Reports ◽  
The Social ◽  
Dependent Variables ◽  
Simple Regression Analysis ◽  
The Impact ◽  
The Relationship ◽  
Simple Regression

This study investigates the impact of disclosure of social responsibility in reducing risks in Jordanian commercial banks. To realize the goal of this study, the researcher followed the descriptive-analytical method. The data of the study sample was gathered from the financial reports of the listed banks on the Amman Financial Market that pertain to stock prices and market return in the period 2014-2018. The study used simple regression analysis to examine the relationship between independent and dependent variables. Among the most prominent findings of the study, there is an impact of the social responsibility disclosure in reducing risks, as well as an effect of the dimensions of social responsibility: the environment, customers and employees in reducing risks.

scholarly journals University Social Responsibility during the COVID-19 Pandemic: Universities’ Case in the BRICS Countries

2021 ◽  
Vol 13 (13) ◽  
pp. 7035
Author(s):  
Abedalqader Rababah ◽  
Natalya I. Nikitina ◽  
Veronica M. Grebennikova ◽  
Zhanna R. Gardanova ◽  
Angelina O. Zekiy ◽  
...  
Keyword(s):  
Social Responsibility ◽  
Educational Process ◽  
Social Needs ◽  
Social Orientation ◽  
Expert Assessment ◽  
Brics Countries ◽  
The Social ◽  
The University ◽  
Multifactor Regression ◽  
The Impact

University social responsibility (USR) is an important assessment criterion of the QS Stars. In the context of the COVID-19 pandemic, the social orientation of universities as intellectual leaders in the development of society gains particular importance. The research purpose is to analyze the impact of the COVID-19 pandemic on the university activity directions in the framework of strategies (USR). An empirical assessment of the level and complementary factors of USR in the BRICS countries (Brazil, Russia, India, China, and South Africa) was conducted, using the method of integral and expert assessment. Grounded on scoring according to the principal component analysis, the structure of the factors of the USR development in the BRICS countries was determined. Multifactor regression modeling allowed substantiating the priority of factors stimulating the development of USR in the BRICS countries in modern conditions and arguing the main barriers to introducing the concept of social responsibility into university activities and expanding the stakeholders’ circle in it. The research results showed that the university management creativity, effective communication with the public and stakeholders, the quality of the educational process and the development of scientific activities stimulate USR development in the BRICS countries and should be used as the basis for the strategic planning of activities in the context of the continuing COVID-19 pandemic. Conceptual trends in the USR development can be useful for universities in the studied countries when adapting strategic development plans regarding the social needs of modern society.

scholarly journals The Impact Of Social Partnership On The Environment

2016 ◽  
Vol 5 (4) ◽  
pp. 6 ◽  
Author(s):  
Mariem Kchaich Ep Chedli
Keyword(s):  
Social Responsibility ◽  
Social Relations ◽  
Social Transformation ◽  
Social Enterprises ◽  
Rapid Decline ◽  
Social Partnership ◽  
The Social ◽  
Political Dimensions ◽  
The Impact ◽  
A Company

The multidimensional social problems that everyone seeks to remedy them are very complex and no actor can confront them on their own. So the different parties have to work together by creating relations of partnerships.The State has long been the main actor in the control and regulation of social relations. However, in recent years there has been a rapid decline in their role given the enormous charge and lack of resources. Hence the need for the intervention of other parties.Some review of literature explores the conceptualization of social partnership in order to meet the needs of the organization or solve organizational problems. More and more large companies and multinationals get started on a voluntary approach to social responsibility and have begun to move closer to certain social enterprises by concluding partnership agreements.The purpose of this study was to study the social transformation that follows the creation of a relation of a social partnership between a social enterprise and a company that has involved a strategy of social responsibility. Then, we will present the environment to finally study the impact of social partnership on the environment; on economic, cultural and political dimensions. 

scholarly journals La responsabilidad social en el mapa estratégico de las universidades públicas

2009 ◽  
pp. 157 ◽  
Author(s):  
Montserrat Núñez Chicharro ◽  
Inmaculada Alonso Carrillo
Keyword(s):  
Social Responsibility ◽  
Internal Control ◽  
Bologna Process ◽  
Social Dimension ◽  
Cultural Changes ◽  
The Social ◽  
Strategy Map ◽  
Fast Adaptation ◽  
Definition Of ◽  
The Impact

Los cambios acaecidos en los últimos años en el entorno socio-económico y cultural global, determinan la necesidad de una rápida adaptación de la Universidad que pone a prueba sus rígidas estructuras. La dimensión social del proceso de Bolonia debe considerarse desde una perspectiva estratégica, es decir, debe analizarse la repercusión que, las políticas correctoras de las deficiencias detectadas por los grupos de interés, tienen en relación con el desarrollo de la misión de las universidades.<br />El desarrollo actual del concepto de Responsabilidad Social y de los modelos de divulgación de la misma, son una oportunidad para incorporar los aspectos sociales del proceso de cambio dado que se incluyen dentro de la triple perspectiva. En este sentido debemos estudiar la dimensión social desde un marco más amplio que es la Responsabilidad Social de la Universidad.<br />La misión de la Universidad está definida en la mayor parte de los casos en términos de Responsabilidad Social, sin embargo las herramientas de control interno no explican la relación entre los factores claves de la responsabilidad social y el grado de cumplimento de su misión, por ello proponemos un mapa estratégico que muestre las relaciones causales de los factores que inciden en dicho cumplimiento.<br /><br />The major socio-economic and cultural changes of the last few years emphasize the necessity for a fast adaptation of University, which puts its rigid structure to the test. The social dimension of the Bologna Process must be considered from a strategic perspective, that is, we must analyse the impact of the policies aimed at correcting the deficiencies noticed by the interest groups, in relation to the degree of completion of the mission of universities. The current definition of the concept of Social Responsibility and its models of divulgation represent an opportunity to integrate the social aspects of the process of change as these are included within the triple perspective. In this sense, we must study the social dimension in a wider framework which is the University Social Responsibility. The mission of university is defined in most cases in terms of Social Responsibility; however, the tools for internal control do not evidence the connection between the key factors for Social Responsibility and the degree of accomplishment of university's mission. For this reason, we propose a strategy map which shows the causal relationships of those factors which have a bearing on such accomplishment.<br />

scholarly journals The Role of the Diversity of the Board of Directors in Promoting Integrated Disclosure and Social Responsibility

2021 ◽  
Vol 1 (1) ◽  
pp. 9-20
Author(s):  
Ali Khalaf Gatea ◽  
Haider Ali Jarad Al Masoudi
Keyword(s):  
Social Responsibility ◽  
Board Of Directors ◽  
Administrative Practices ◽  
The Social ◽  
Key Word ◽  
The Board Of Directors ◽  
Comprehensive Picture ◽  
The Impact

The integrated Disclosure aims to provide a comprehensive picture of the performance of the organization, and because the quality of the Disclosure is a critical aspect of the integrated reports, so the research aims to show the impact of the diversity of the board of directors on the quality of the integrated reports and the promotion of the social responsibility of the organization, and to make decisions about disclosure and integration in the information provided in order to benefit from it In building integrated visions about the organization, assuming that the diversity of the board of directors has a significant relationship to the extent to which the quality of integrated Disclosure is achieved, that the most important findings of the research stipulate that the diversity of the board of directors contributes to social responsibility and integrated disclosure, and the strengthening of organizational culture and administrative practices, and the research recommends, The need to interact with the environment and the communities in which the organization operates, to enable it to provide environmental, social or ethical information, along with financial, strategic and governance information in an annual report. Key word: Diversity, Integrated Disclosure, Social Responsibility.

scholarly journals A Research on the Impact of Corporate Social Responsibility (CSR) on the Organizational Commitment of Employees in the Agro Industry

2019 ◽  
Vol 8 (2S11) ◽  
pp. 494-499
Keyword(s):  
Corporate Social Responsibility ◽  
Organizational Commitment ◽  
Social Responsibility ◽  
Current Idea ◽  
The Social ◽  
Bill Gates ◽  
Interpersonal Responsibility ◽  
Corporate Social ◽  
The Impact

Corporate interpersonal responsibility (CSR) has been debated and practiced in one form or another for a more than 4,000 years. For instance, the historic Vedic and Sutra texts of Hinduism and the Jatakas of Buddhism consist of ethical admonitions on usury (the charging of excessive curiosity), and Islam offers a long-advocated Zakat, or an abundance taxi. The current idea of CSR could be more obviously traced to the midto-late 1800s, with industrialists like John H. Patterson of National CHECK OUT seeding the commercial welfare motion and philanthropists like John D. Rockefeller establishing a charitable precedent that was followed more than a century later with famous businessmen Bill Gates. The primary goals of the analysis are to discover the social responsibility and dedication of workers in the Agro market.

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