Senior Management Preferences and Corporate Social Responsibility

2009 ◽  
Author(s):  
Alison Mackey ◽  
Tyson B. Mackey ◽  
Jay B. Barney
Keyword(s):  
Social Responsibility ◽  
Senior Management ◽  
Senior Manager ◽  
Senior Managers ◽  
Socially Responsible ◽  
Corporate Behavior ◽  
The Social ◽  
Corporate Social ◽  
Management Preferences ◽  
Practical Implications

The purpose of this article is to examine whether or not having senior managers who are personally committed to socially responsible causes is either necessary or sufficient for firms to implement socially responsible activities. While not denying that having such senior managers may increase the probability that a firm will pursue a socially responsible agenda, this article concludes that senior manager commitment to socially responsible causes is neither necessary nor sufficient for a firm to implement socially responsible activities. This article has important practical implications for those seeking to increase the amount of socially responsible corporate behavior in the economy. In particular, the arguments developed here suggest that efforts that focus exclusively on changing the social responsibility preferences of senior managers in firms may be misguided, and at the least should be augmented by efforts focused on different firm stakeholders.

scholarly journals Corporate social responsibility of the Port of Gdynia

2018 ◽  
Vol 57 ◽  
pp. 01017
Author(s):  
Hanna Klimek ◽  
Janusz Dąbrowski
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Socially Responsible ◽  
Competitive Edge ◽  
The Past ◽  
The Social ◽  
Wide Range ◽  
Sea Ports ◽  
Corporate Social ◽  
And Storage

Corporate social responsibility (CSR) is a tool used by companies to establish positive relations with their surroundings and gain a competitive edge. This also relates to centres providing services, such as seaports. In the past, these served as loading/off-loading and storage stations as well as ship terminals. At present, they have become versatile complexes administering land and infrastructure as well as playing host to numerous enterprises which offer a wide range of services to carriers and freight forwarders. Not only individual businesses but also entire port service hubs can, or even should, be socially responsible nowadays. The topic of this research is the social responsibility of sea ports. This article will discuss the social responsibility of the Port of Gdynia. The objective is to present socially responsible actions taken by Gdynia Port Authority SA and the largest port operators and to assess the progress made on the implementation of CSR there.

scholarly journals Corporate Social Responsibility & Market Volatility: Relationship and Trading Opportunities

2017 ◽  
Vol 10 (5) ◽  
pp. 1
Author(s):  
Vasiliki A. Basdekidou ◽  
Artemis A. Styliadou
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Social Performance ◽  
Environmental Aspects ◽  
Socially Responsible ◽  
Community Activities ◽  
The Social ◽  
The Usa ◽  
Corporate Social ◽  
The Relationship

This article examines the relationship between corporate social responsibility performance (CSR.P) and market trading volatility (MTV) provoking by the release of the non-farm employment payment-reports (NFP) the first Friday each month in the USA. It also discusses the trading opportunities involved in such as volatile environments. Actually, we consider the interaction between the social performance (for environment, employment and community activities) and the financial and trading performance than would be the case for an accumulated functionality in NFP releases. In general, social performance returns are negatively related to trading returns; so, the relatively poor financial and market trading reward (profit), offered by socially responsible ethical ETFs trading the NFP reports, is in accordance to their good social performance regarding employment and environmental aspects. This could be changed if these ethical ETFs incorporate into their arsenal of trading tools a number of CSR.mtv functions (utilities) discussed in this article. Impressively, we find also that considerable bizarre returns are obtained by funds, holding a portfolio of socially least unethical ETFs, involved in short-term or intraday speculations. In this domain, the complex relationship between social, financial and market trading performance, during the NFP “psychological time”, offers great trading opportunities.

scholarly journals Brand-Consumer Relationship And Corporate Social Responsibility: Myth Or Reality & Do Consumers Really Care?

2012 ◽  
Vol 10 (6) ◽  
pp. 333 ◽  
Author(s):  
Elias G. Rizkallah
Keyword(s):  
Social Responsibility ◽  
Social Action ◽  
Socially Responsible ◽  
Adult Individual ◽  
Societal Issues ◽  
Brand Relationship ◽  
The Social ◽  
Response Change ◽  
Corporate Social ◽  
Southern California Region

Companies are claiming that they are being challenged to maintain profitability and behave in socially responsible ways. The question is how much the social responsibility is a real pressure. Do consumers really know what the companies, producing their favorite brands, are doing? Do consumers really care? How much of an effect do the company practices have on the consumers response to a brand? Or does the consumer-brand relationship have nothing to do with the companys practices? Does the customers response change with the type of company practices (e.g. environmentally friendly or not, treats well or mistreats employees, relationship with suppliers, supports or doesnt support social causes, etc.)? Does such response depend on who the customer is (e.g. different demographics, loyalty to a brand, or level of awareness of societal issues, etc.)? The study attempts to answer these questions and more. The survey included a random sample of 317 adult individual consumers in the Southern California region. Results of the survey are presented within a conceptual framework hypothesizing that the relationship between the consumer and the brand can be affected differently by the companys different practices in regard to social responsibility; and by the consumers characteristics. The paper concludes with some recommendations that may benefit interested companies, social-action groups, and policymakers.

scholarly journals Corporate social responsibility in marketing researches: Literature review

2014 ◽  
Vol 11 (4) ◽  
pp. 499-503 ◽  
Author(s):  
Serhii Illiashenko ◽  
Galina Peresadko ◽  
Olga Pidlisna ◽  
Evgeniy Kovalenko
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Marketing Mix ◽  
Marketing Activity ◽  
World Economic Forum ◽  
Socially Responsible ◽  
The Social ◽  
The World ◽  
World Economic ◽  
Corporate Social

The meaning of corporate social responsibility and the rating results of the Global competitive index 2011- 2012 of the World economic forum are given in the article. The emphasizing of society responsibility and responsibility for marketing activity and its influence on the society are researched in the work. The socially responsible marketing of the company in the profile of marketing-mix elements are proposed. In the article is determined that implementation of the social responsibility must take place at three levels: primary, corporate and highest.

Investor Tastes, Corporate Behavior, and Stock Returns: An Analysis of Corporate Social Responsibility

2021 ◽  
Author(s):  
Chuan Yang Hwang ◽  
Sheridan Titman ◽  
Ying Wang
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Stock Returns ◽  
Stock Price ◽  
Socially Responsible ◽  
Corporate Behavior ◽  
Portfolio Holdings ◽  
Target Firms ◽  
Corporate Social ◽  
Over Time

We classify institutions into socially responsible investors (SRI) and not socially responsible investors using the value weighted corporate social responsibility (CSR) scores of their portfolio holdings. We find that firms that exhibit increases in SRI ownership tend to increase future CSR scores. Our analysis of stock price responses to the revelation of SRI ownership changes indicates that the revelation of higher SRI ownership is associated with negative stock returns. These effects are particularly strong when we focus on SRI-activists, who tend to target firms with low CSR scores and lobby to increase them over time. These observations are consistent with the hypothesis that anticipated increases in CSR activities reduce firm values. This paper was accepted by David Simchi-Levi, finance.

Responsibility and Social Innovation in Tourism Companies in Mexico

2021 ◽  
pp. 56-71
Author(s):  
Maria del Carmen De la Luz Lanzagorta ◽  
Edith Sarai Lozada Sánchez ◽  
Jessica Abigail Cortés González ◽  
Concepción Nancy De Cristobal González
Keyword(s):  
Social Responsibility ◽  
Qualitative Methodology ◽  
Social Innovation ◽  
Central Question ◽  
Socially Responsible ◽  
Good Practices ◽  
Tourism Sector ◽  
The Social ◽  
The World ◽  
Corporate Social

All over the world, institutions and organizations that recognize the social responsibility of companies are identified. They work on social innovation, which is companies' capacities to influence problems, generating synergies between the various sectors of society. In this research, a qualitative methodology was applied to a sample of companies from Puebla (Mexico) and the region to identify innovative practices of corporate social responsibility in the tourism sector and related companies. The central question that guides this research is, through which strategies or actions are companies in the tourism sector socially responsible and innovative? Therefore, the purpose is to show the good practices of different companies in the tourism sector in Puebla (Mexico) as well as their areas of opportunity and therefore strategies to strengthen responsibility and social innovation in the sector.

Organic Delights: Examining the Challenges of Corporate Social Responsibility

2017 ◽  
Vol 2 (2) ◽  
pp. 98-106 ◽  
Author(s):  
Stephen E. Bear
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Business Students ◽  
Management Team ◽  
Senior Manager ◽  
Socially Responsible ◽  
Business Leadership ◽  
Corporate Social ◽  
Undergraduate Business Students

Organic Delights is an experiential exercise designed to help undergraduate business students learn about corporate social responsibility (CSR). In this exercise, students assume the role of a senior manager of a fictional restaurant and caterer. The challenge for the managers is to evaluate and choose among six proposals to promote the company’s CSR. Students are first requested to evaluate the proposals on their own and then, later, to evaluate the proposals by working with a group of students who represent the company management team. The exercise enables students better understand the concept of CSR and reflect on the meaning and obligations of socially responsible business leadership. The exercise and recommendations for the debriefing are provided.

scholarly journals The integration of corporate social responsibility activities into the value creation model in pricing

2014 ◽  
Vol 36 (3) ◽  
pp. 547-560
Author(s):  
Deimena Kiyak ◽  
Agnė Šneiderienė
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Value Creation ◽  
Socially Responsible ◽  
Consumption Decisions ◽  
Pricing Process ◽  
The Social ◽  
Social Side ◽  
Corporate Social ◽  
Value Concept

Consumers are more concerned about the surrounding environment and they take into account the social side of enterprises while making consumption decisions. It should be emphasized, that it becomes important for companies’ to revise the process of value creation development, to assess the need of consumers’ participation in the value creation process, to determine the potential mutual benefits. In this way, there is highlighted the link between consumers’ and business enterprises co-operation; that is especially important when the products of socially responsible companies’ are analyzed. The concept of product value is quite often investigated in scientific literature, but there is a lack of research that emphasizes twofold interpretations’ of the value concept. Also, there is noticed a lack of examination of how corporate social responsibility can create perceived value for consumers. It must be stated, that there remains a problem how to integrate the value creation of socially responsible companies products in the pricing process. The aim of the article – after analyzing how socially responsible companies’ can create value of their products, investigating the differences of twofold value concept, identifying the stages of value creation, to establish a model how to integrate the value creation into the pricing process.

scholarly journals Integrated reporting and corporate social responsibility in the context of social economy (Mutual associations in the health and welfare sector)

2018 ◽  
pp. 109
Author(s):  
Maria Brízida Tomé ◽  
Deolinda Aparício Meira ◽  
Ana Maria Bandeira
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Social Economy ◽  
General Interest ◽  
Integrated Reporting ◽  
Socially Responsible ◽  
Bottom Line ◽  
The Social ◽  
Responsible Behaviour ◽  
Corporate Social

This study aims to evaluate whether integrated reporting can be considered the appropriate tool for disclosure of the socially responsible behaviour of social economy entities (SEEs), as they currently face an increased demand for transparency from a number of stakeholders. The initial analysis of the concept and principles of corporate social responsibility (CSR), through a triple bottom line concept, and of the social economy and the legal regime governing mutual associations is followed by an empirical study of Portuguese mutual associations in the health and welfare sector. A proposal is also made for an integrated reporting system which is suitable for showing the organization’s socially responsible behaviour and pursuit of the general interest and is concluded to have overcomethe difficulties of disclosing their economic, social, and environmental aspects. Furthermore, it is proposed that SEEs should obligatorily adopt integrated reporting in order to transmit dynamic, up-to-date information of relevance to stakeholders.

Corporate social responsibility and firm risk

2016 ◽  
Vol 32 (4) ◽  
pp. 27-29
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Well Being ◽  
Firm Risk ◽  
Socially Responsible ◽  
Content Type ◽  
Pertinent Information ◽  
Corporate Social ◽  
Practical Implications ◽  
Responsible Manner

Purpose This paper aims to review the latest management developments across the globe and pinpoint practical implications from cutting-edge research and case studies. Design/methodology/approach This briefing is prepared by an independent writer who adds their own impartial comments and places the articles in context. Findings In an ideal world, business and risk would be mutually exclusive entities. Such a scenario obviously remains a pipedream in the vast majority of cases. Firms must therefore focus on identifying ways to control risk so that any negative fallout for shareholders is minimized. It is feasible to propose that risk might be addressed through corporate social responsibility (CSR). Numerous studies have documented the growing importance of CSR and its potential to impact on the financial well-being of an organization. Today’s consumers are becoming increasingly concerned about society and the environment. These concerns can influence purchase decision making among certain market segments. As a result, some individuals will only patronize companies deemed to act in a socially responsible manner. Practical implications The paper provides strategic insights and practical thinking that have influenced some of the world’s leading organizations. Originality/value The briefing saves busy executives and researchers hours of reading time by selecting only the very best, most pertinent information and presenting it in a condensed and easy-to-digest format.

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