scholarly journals Corporate Social Responsibility and Corporate Governance

2016 ◽  
Author(s):  
Cynthia A. Williams
Keyword(s):  
Corporate Governance ◽  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Social Welfare ◽  
Empirical Evidence ◽  
Corporate Responsibility ◽  
Business Law ◽  
Corporate Behavior ◽  
Governance Systems ◽  
Corporate Social

Corporate social responsibility is a subject of growing importance in business and law. Today, no analysis of corporate governance systems would be complete without considering the pressures on companies to be seen as responsible corporate citizens. This chapter provides a descriptive overview of developments in the field, including increasing voluntary and required environmental, social, and governance (ESG) disclosure; and proliferating voluntary and multilateral standards for responsible corporate behavior. It reviews some of the more significant empirical evidence on the financial results of companies’ implementation of corporate responsibility initiatives, including the effects of such initiatives on innovation, trust, and social welfare. It concludes with an analysis relating these developments to arguments about the objectives of the corporation and the shareholder/stakeholder debate—with particular reference to the argument between Cornell Distinguished Professor of Corporate and Business Law, Lynn A. Stout, and Chief Justice of the Delaware Supreme Court, Leo E. Strine, Jr.

Implikasi Corporate Social Responsibility Dalam Good Corporate Governance Untuk Mengurangi Konflik Keagenan

2020 ◽  
Vol 17 (1) ◽  
Author(s):  
Fitri Susilowati ◽  
Mugi Harsono
Keyword(s):  
Corporate Governance ◽  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Empirical Evidence ◽  
Financial Management ◽  
Corporate Value ◽  
Agency Conflict ◽  
Good Corporate Governance ◽  
Conflict Identification ◽  
Corporate Social

The purpose of writing this article is to identify, study, map research related to CSR in reducing agency conflict. This article begins with the presentation of the concepts of Good Corporate Governance (GCG), Corporate Social Responsibility (CSR), CSR in GCG, and agency conflict. Identification is made by collecting articles in the field of financial management that are related to CSR, agency conflict, and corporate value. Furthermore, an assessment of these studies is carried out to determine the results of each article. Articles are grouped into two articles that support the existence of agency conflict in CSR and group that do not have agency conflict.The method of review of CSR and agency conflict is carried out using previous studies. The identification, assessment and mapping of prior studies are not limited to new studies (less than ten years) but also reviews of more than 20 years. Based on the results of previous research, mapping can be synthesized the influence of CSR in reducing agency conflict.The Implementation of CSR related to agency conflict in the field of financial management is still being debated. Based on empirical evidence, the results are still inconsistent. CSR activities that synergize financial performance, the environment, and society can reduce the use of cash flow that benefits managers so that it will increase the value of the company. On the other hand, empirical evidence that does not support CSR considers that managers use CSR for personal gain.Keywords: GCG, CSR, Agency Conflict

scholarly journals BEST PRACTICE IMPLEMENTASI CORPORATE SOCIAL RESPONSIBILITY (CSR) DALAM MENINGKATKAN KESEJAHTERAAN MASYARAKAT (Studi Kasus Pelaksanaan Program Kemitraan dan Bina Lingkungan PT. Taman Wisata Candi (TWC) Borobudur, Prambanan dan Ratu Boko)

2020 ◽  
Vol 9 (1) ◽  
pp. 1-18
Author(s):  
Arin Mamlakah Kalamika ◽  
Ahmad Khabiburohman
Keyword(s):  
Corporate Social Responsibility ◽  
Best Practices ◽  
Social Responsibility ◽  
Private Sector ◽  
Social Welfare ◽  
Corporate Responsibility ◽  
Best Practice ◽  
Development Program ◽  
Bottom Line ◽  
Corporate Social

Abstract Social welfare can be achieved with cross-sectoral sectors,  covering the state, civil society and the private sector (corporates). The private sector can help bring about social welfare through corporate social responsibility. Corporate Social Responsibility (CSR) as an empowerment development program. PT. Taman Wisata Candi (TWC) Borobudur, Prambanan and Ratu Boko are one of the companies that handle CSR activities by uniting the partnership and community development program which is called by the term Program Kemitraan dan Bina Lingkungan (PKBL), and to be top CSR in the tourism category in 2018. This fact is researched to get the best practices of corporate responsibility social all this time. Using a descriptive qualitative research method, the study found a good implementation that is undoubtedly the three bottom line effects in implementing CSR lead by PT. TWC. Keywords: CSR, Best Practices, Triple Bottom Line Effect.

scholarly journals International Diversification, Corporate Social Responsibility, And Corporate Governance: Evidence From Korea

2015 ◽  
Vol 31 (2) ◽  
pp. 743 ◽  
Author(s):  
Eunho Cho ◽  
Sungbin Chun ◽  
Donseung Choi
Keyword(s):  
Corporate Governance ◽  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Empirical Evidence ◽  
Multinational Corporations ◽  
International Diversification ◽  
Domestic Market ◽  
Corporate Social ◽  
Korean Market ◽  
The Relationship

We examine how multinational corporations (MNC) international diversification (ID) is related to their corporate social responsibility (CSR) activities in the domestic market. We also investigate whether corporate governance, specifically the conglomerate (chaebol) structure, affects the relationship between ID and CSR activities in the domestic market. We perform empirical analysis using a sample of 606 firm-year observations of Korean-listed manufacturing MNCs from 2005 to 2010. We find that ID is negatively associated with CSR, and that this relationship is stronger for chaebol firms. These results are robust after controlling for various factors that affect measurements of ID. Our findings suggest that ID related to market diversification through exports and foreign affiliates appears to push MNCs to perform fewer CSR activities in the domestic market. Our findings also indicate that the effect of chaebol firms on the relationship between ID and CSR is greater than that of non-chaebol firms in Korean market. Our study contributes to the ID and CSR literature as the first study to provide empirical evidence on the association between ID and CSR activities in the domestic market for Korean firms using three aspects of ID measurement. Given that empirical evidence on this issue is very limited, our findings have implications for academics, practitioners, and policymakers in understanding the relationship between ID and CSR strategy.

Corporate Responsibility and the Base of the Pyramid Proposition

2019 ◽  
pp. 373-390
Author(s):  
Denis G. Arnold ◽  
Sabrina L. Speights
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Empirical Research ◽  
Corporate Responsibility ◽  
Historical Overview ◽  
Base Of The Pyramid ◽  
Corporate Behavior ◽  
Goods And Services ◽  
Corporate Social

The base of the pyramid (BoP) proposition holds that corporations can profit from providing goods and services to the global poor while simultaneously improving the lives of the impoverished. Critics of the BoP proposition argue that, at best, a select few corporate initiatives can achieve these simultaneous goals, and, at worse, such initiatives will result in harmful exploitation in the guise of responsible corporate behavior. This chapter provides an historical overview of the original BoP proposition, summarizes criticisms the proposition has received, describes empirical research on BoP initiatives, and details examples of successful ventures. The BOP proposition is situated in theories of corporate social responsibility (CSR) and ethics in order to differentiate between exploitative and empowering BoP ventures and to emphasize the broader imperative to consider both the economic and the ethical dimensions of successful BoP ventures.

scholarly journals PENERAPAN CORPORATE SOCIAL RESPONSIBILITY PERUSAHAAN DITINJAU DARI TEORI KESEJAHTERAAN SOSIAL DAN UNDANG-UNDANG NOMOR 40 TAHUN 2007 TENTANG PERSEROAN TERBATAS

2019 ◽  
Vol 5 (1) ◽  
pp. 73
Author(s):  
Budiman Budiman
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Social Welfare ◽  
Local Governments ◽  
Corporate Responsibility ◽  
Limited Liability ◽  
Secondary Data ◽  
Corporate Social ◽  
A Company ◽  
Welfare Theory

Corporate Social Responsibility is the commitment and effort of a business entity to play a role in the implementation of social welfare. As one of the company's obligations, CSR can certainly help local governments to alleviate poverty problems in an area where a company is founded. The problem is that the Company's Corporate Social Responsibility obligations in terms of Social Welfare Theory and Law Number 40 of 2007 concerning Companies and the Implementation of Corporate Social Responsibility in the Company are linked to Social Welfare theory. The research method used by the author is by using a normative juridical approach where the main data used is secondary data, namely reference books, laws and regulations, articles, papers, etc. The results of this study are that in terms of corporate responsibility it cannot be fully carried out due to the regulations related to the implementation of the CSR program there are still legal voids and the sanctions imposed are unclear, so this affects the implementation of CSR (Corporate Social Responsibility) companies that are appropriate with what is regulated in Law Number 40 of 2007 concerning Limited Liability Companies but in terms of its implementation, it cannot be said that it has not been maximal for all companies in Karawang Regency in implementing the Corporate Social Responsibility program.Keywords: Corporate Social Responsibility; Company; Social Welfare.

scholarly journals Corporate governance systems and sustainability: CSR as a factor of convergence between outsider and insider systems

2016 ◽  
Vol 14 (1) ◽  
pp. 139-150 ◽  
Author(s):  
Daniela M. Salvioni ◽  
Simona Franzoni ◽  
Francesca Gennari
Keyword(s):  
Corporate Governance ◽  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Internal Control ◽  
Capital Mobility ◽  
Social Risk ◽  
Governance Systems ◽  
Sustainable Value ◽  
Corporate Social ◽  
And Control

In an era of increasing capital mobility and globalisation, the growing integration of financial markets seems to be a key factor of corporate governance convergence. One of the most striking differences between corporate governance systems of different countries is the dissimilarity in the firms’ ownership and control that exists across countries. According to the degree of ownership and control, corporate governance systems can be distinguished in outsider systems (characterised by wide dispersed ownership) and insider systems (characterised by concentrated ownership). The transition from a governance approach founded on the shareholder view and oriented to the optimization of economic performance to a policy founded on the stakeholder view and oriented to the appreciation of the interdependence among economic, social and environmental responsibility, seems to be a factor of de facto convergence between outsider and insider systems of corporate governance. The main finding of this chapter is that the effective integration of CSR, sustainability and leadership makes easier the convergence between insider and outsider corporate governance systems. Leadership starts at board level. Corporate social responsibility (CSR) and sustainability require good corporate governance, grounded on stakeholder engagement, fairness, transparency and accountability. All these principles are related with more externally focused boards and determine a governance approach directed to the growth of sustainable value. In light of the above, this chapter will consider how the social responsibility and the role of the leaders (CEOs, Board of Directors, managers, etc.) can determine a governance approach directed to the growth of sustainable value over time. This is possible through the exploitation of opportunities and the economic and social risk management with which the companies should compete. The achievement of sustainability leadership requires significant changes in the operational guidelines and critical factors for company’s success and it imposes the improvement of the internal control systems intended to provide essential support for responsible governance. Therefore, leadership aiming at sustainability (regardless of the corporate governance system) requires CSR to be transferred from top management to the entire organisation, increasing the ability to manage complexity with respect to articulated goals. So, the corporate social responsibility, if properly realized, tends to be a factor of substantial convergence between the different existing systems of corporate governance.

Sign in / Sign up

Export Citation Format

Share Document