Private sector will become more assertive in Peru

Social Responsibility ◽

Private Sector ◽

Green Light ◽

Southern Region ◽

Business Community ◽

Extractive Industries ◽

Business Sector ◽

Content Type ◽

Subject The influence of the business sector. Significance President Martin Vizcarra’s government’s qualified decision to give the green light to Tia Maria, a large copper project, is a response to strong lobbying by Peru’s business community. However, it risks inflaming regional protests by affected farmers in the southern region of Arequipa. This long-running dispute has become emblematic of conflicting development strategies, particularly given Peru’s failure in recent years to diversify its economy away from extractive industries. Impacts Southern Peru will need to change its corporate social responsibility policies if it is to regain public trust. A minority in the Tambo valley will continue to rally opposition to the project. The left will seek to reassert itself using defence of the environment as a political banner.

Corporate Social Responsibility and Entrepreneurship (CSRE): antidotes to poverty, insecurity and underdevelopment in Nigeria

Social Responsibility Journal ◽

10.1108/srj-11-2012-0138 ◽

2015 ◽

Vol 11 (1) ◽

pp. 56-81 ◽

Cited By ~ 12

Author(s):

Lukman Raimi ◽

Innocent Akhuemonkhan ◽

Olakunle Dare Ogunjirin

Keyword(s):

Social Responsibility ◽

Gross Domestic Product ◽

Private Sector ◽

Positive Relationship ◽

Social Problems ◽

Negative Relationship ◽

Domestic Product ◽

Content Type ◽

Purpose – This paper aims to examine the prospect of utilising corporate social responsibility and entrepreneurship (CSRE) as antidotes for mitigating the incidences of poverty, insecurity and underdevelopment in Nigeria. The paper derives its theoretical foundation from the stakeholder, instrumental and legitimacy theories, which all justify the use of CSRE for actualisation of Triple Bottom Line (i.e. the social, economic and environmental concerns of business organisations). Design/methodology/approach – The study used the quantitative research method relying on the use of secondary data published by institutional bodies. The quantitative method entail a systematic extraction of reliable data on corporate social responsibility (CSR), insecurity, poverty and development from the publications of Office of the Millennium Development Goals in Nigeria, CLEEN Foundation, National Bureau of Statistics and Central Bank of Nigeria, respectively. For missing years, the authors improvised using projections as well as proxies. The extracted data, which spanned a period of 13 years, were subjected to econometric tests using SPSS, on the basis of which informed conclusions were drawn. Findings – The first econometric result indicates a negative relationship between gross domestic product and poverty. The second result indicates that there is a positive significant relationship between gross domestic product and total crime rate. The third result indicates that there exists a positive relationship between gross domestic product and unemployment rate. The fourth result indicates that there is a negative relationship between gross domestic product and industrial growth rate. The last result indicates that there is a significant positive relationship between gross domestic product and CSR. Research limitations/implications – The results of this research have macro-level application, hence the outcomes cannot be narrowed to any particular sector of the economy. A micro-level analysis across diverse sectors of the economy is recommended in future studies. The implication of this empirical research is that policymakers in the Nigerian private sector need to reinvent their CSR programmes as mechanisms for poverty eradication, entrepreneurship development (CSRE), dousing tension of restive youth, empowerment/support for security agencies for better crime prevention and for impacting on sustainable development. Practical implications – In the face of dwindling financial resources in the treasury of governments, the reinvention of CSRE by private sector organisations as complementary mechanisms for combating social problems is becoming acceptable in both developed and developing nations. This paper therefore boldly recommends that policymakers reinvent CSRE as development mechanisms through a sound partnership between government, advocacy groups and business corporations in Nigeria. Social implications – The paper explicates that CSR can indeed be reinvented by corporations as part of their social concerns to their operating environment instead of leaving all social problems to governments. Originality/value – The research lends credence to stakeholder, instrumental and legitimacy theories of CSR. It also justifies the plausibility of CSRE, a novel concept being promoted in this research.

The politics of corporate social responsibility or: why Milton Friedman has been right all along

Annals in Social Responsibility ◽

10.1108/asr-06-2015-0004 ◽

2015 ◽

Vol 1 (1) ◽

pp. 5-29 ◽

Cited By ~ 17

Author(s):

Marc Orlitzky

Keyword(s):

Literature Review ◽

Social Responsibility ◽

Critical Reflection ◽

Empirical Support ◽

Business Community ◽

Free Enterprise ◽

Free Markets ◽

Content Type ◽

Purpose – The purpose of this paper is to revisit the debate and reorient research on corporate social responsibility (CSR), empirically documents the political-ideological biases inherent in CSR. It concludes with possible remedies to this problem. Design/methodology/approach – The approach taken in this literature review is informed by the author’s viewpoint on the growing industry of social activists, who are pushing business toward the adoption of an ever-growing panoply of quasi-regulations commonly identified as CSR. The approach is complemented by a critique of stakeholder theory. Findings – The literature review provides empirical support for Milton Friedman’s (1970) claim that the values underpinning CSR are driven by a socialist-collectivist agenda, which is inherently opposed to capitalist/libertarian values of free enterprise and individualism. Practical implications – Without critical reflection on the leftwing ideology instantiated by CSR, the business community may unwittingly adopt and sustain values that undermine free markets. Originality/value – Without critical reflection on the leftwing ideology instantiated by CSR, business and research communities may unwittingly promote values that, stealth-like, undermine individual liberty and the capitalist foundations of free markets.

The possibilities and limitations regarding the use of impact evaluation in corporate social responsibility programs in Latin America

Corporate Governance ◽

10.1108/cg-01-2020-0038 ◽

2020 ◽

Vol ahead-of-print (ahead-of-print) ◽

Author(s):

Yanina Kowszyk ◽

Frank Vanclay

Keyword(s):

Latin America ◽

Social Responsibility ◽

Latin American ◽

Impact Evaluation ◽

Business Sector ◽

Program Outcomes ◽

Content Type ◽

Corporate Social ◽

The Impact

Purpose Improvement in the evaluation methodologies used in the public policy and development fields has increased the amount of evidence-based information available to decision makers. This helps firms evaluate the impacts of their social investments. However, it is not clear whether the business sector is interested in using these methods. This paper aims to describe the level of interest in, knowledge of and preferences relating to the impact evaluation of corporate social responsibility (CSR) programs by managers in Latin American companies and foundations. Design/methodology/approach A survey of 115 companies and foundations in 15 countries in Latin America was conducted in 2019. Findings The results indicated that most respondents believed that quantitative impact evaluation could address concerns about CSR program outcomes. However, monitoring and evaluation were primarily seen to be for tracking program objectives rather than for making strategic decisions about innovations to enhance the achievement of outcomes. Decision-making tended to respond to community demands. The main challenges to increasing the use of impact evaluation were the lack of skills and knowledge of management staff and the methodological complexity of evaluation designs. We conclude that there needs to be increased awareness about: the appropriate understanding of social outcomes; the benefits of evaluation; when impact evaluation is useful; how to prepare an evaluation budget; and the effective use of rigorous evidence to inform program design. Originality/value Acceptance by the business sector of quantitative measurement of the social impact of CSR programs will lead to improved outcomes from social investment programs.

CSR@ 2%: A NEW MODEL OF CORPORATE SOCIAL RESPONSIBILITY IN INDIA

American Journal of Economics and Business Management ◽

10.31150/ajebm.vol1.iss3.31 ◽

2018 ◽

Vol 1 (3) ◽

pp. 56-66

Author(s):

Anupam Singh ◽

Dr. Priyanka Verma

Keyword(s):

Social Responsibility ◽

Corporate Philanthropy ◽

Social Issues ◽

Business Community ◽

Net Worth ◽

The Social ◽

Net Profit ◽

Corporate Social ◽

Indian Scenario

Corporate Social Responsibility (CSR) earlier applied as corporate philanthropy and has been in practice in India since ages. However, philanthropy in globalised and modern India does not solve the purpose in quantity and quality. Clause 135 of Company Act 2013 created huge hue and cry among the business community in India. As per clause 135 of the Companies Act, 2013, Every company with an annual turnover of 1,000 crore INR ($161 million) and more, or a net worth of 500 crore INR ($80 million) and more, or a net profit as low as five crore INR ($800,000) and more have to spend at least 2% of their average net profit over the previous three years on CSR activities. With the introduction of new Company act 2013 India became the first country in the world to have legislation for compulsory CSR spending. The paper aims at analyzing the motive of making CSR spending mandatory and it also attempts to explain the concept of CSR in the present Indian scenario, the social issues addressed by the Indian corporations, and methodologies adopted by them to address those issues.

Corporate Social Responsibility Practices in Bank: A Case of Bangladesh

10.31219/osf.io/47e3t ◽

2020 ◽

Author(s):

Dalowar Hossan

Keyword(s):

Social Responsibility ◽

Positive Reaction ◽

Survey Design ◽

Business Community ◽

Policy Implications ◽

Cross Sectional Survey ◽

Cross Sectional ◽

Corporate Social ◽

Self Administered Questionnaire

The purpose of this article is to examine the influence of corporate social responsibility practices of Dutch-Bangla Bank Limited (DBBL), Bangladesh and to know the client’s knowledge, feedback, awareness and eagerness towards the CSR activities while choosing a bank. This study also investigates the level of present and expected CSR contribution of this bank. A cross- sectional survey design was used for the study featuring a self administered questionnaire and data were collected from 100 clients at South Surma branch. Data were analyzed using SPSS and the findings revealed that CSR activities played an important role for clients to choose a bank. Most of the clients were aware of CSR program and they had positive reaction to CSR practices of DBBL. Clients also suggested to expand CSR practices and they were willing to contribute for social activities financially. The results show the policy implications for business community, citizen, customers, investors, managers and other stakeholders.

Corporate social responsibility and earnings management in the EU: a panel data analysis approach

Social Responsibility Journal ◽

10.1108/srj-04-2020-0156 ◽

2020 ◽

Vol ahead-of-print (ahead-of-print) ◽

Author(s):

Panagiotis E. Dimitropoulos

Keyword(s):

Panel Data ◽

Social Responsibility ◽

Earnings Management ◽

Financial Reporting ◽

Negative Association ◽

Content Type ◽

Corporate Social ◽

The Eu

Purpose Over the past decades, corporate social responsibility (CSR) has been considered as a significant corporate strategy and also has been documented as a main information dissemination mechanism of corporations to shareholders, creditors and other external stakeholders. This fact makes the CSR activities and CSR performance interconnected with the quality of firms’ financial reporting. The purpose of this paper is to study the impact of CSR performance on the earnings management (EM) behaviour using a sample from 24 European Union (EU) countries summing up to 121,154 firm-year observations over the period 2003–2018. Design/methodology/approach The study uses a multi-country data set with various dimensions of CSR performance including indexes regarding workforce, community relations, product responsibility and human rights protection. The empirical analysis is conducted with panel data regressions. Findings Evidence supports the negative association between CSR and EM indicating that high CSR performing firms are associated with less income smoothing and discretionary accruals, thus with higher financial reporting quality. Practical implications Regulatory agencies in the EU could use the findings of the study for the improvement of the accounting framework via enhancing the use and publications of social and environmental responsibility information and reports. Social implications Also, the current paper could be of interest not only to academic researchers but also to potential and existing investors in European corporations. The negative association between CSR performance and EM could be used by investors in assessing the risk of firms and the quality and reliability of their financial information. Originality/value This is the first study within the EU, which considers the multi-facet characteristics of CSR on the quality of accounting earnings and offers useful policy implications for regulators and investors.

Consequences of corporate social responsibility on employees

Personnel Review ◽

10.1108/pr-08-2018-0288 ◽

2019 ◽

Vol 49 (1) ◽

pp. 231-249

Author(s):

Evans Asante Boadi ◽

Zheng He ◽

Eric Kofi Boadi ◽

Josephine Bosompem ◽

Philip Avornyo

Keyword(s):

Social Responsibility ◽

Social Exchange ◽

Structural Equation ◽

Social Exchange Theory ◽

Banking Sector ◽

Work Motivation ◽

Content Type ◽

Time Lagged ◽

Purpose The purpose of this paper is to draw on affect social exchange theory and related literature to develop and test a research model linking employees’ perception of corporate social responsibility (CSR) to their outcomes [performance and organisational pride (ORP)] with moderating variables: perceived work motivation patterns (autonomous and controlled motivation) to sustain firm’s operations through their employees. Design/methodology/approach The authors used Ghana as a case for this study due to recent turbulences in the banking sector of Ghana. A sample data of 244 subordinate/supervisor dyads from rural and community banks was collected with a time-lagged technique and analysed through a structural equation modelling for this study. Findings These employee’s perceptions of CSR positively related to their performance and ORP. Autonomous motivated employees had a stronger positive moderated impact on perceived CSR-Performance link whereas controlled motivated employees recorded a stronger impact on perceived CSR-ORP link. Practical implications Based on these results, managers and human resource (HR) professionals can aim at acquiring favourable employees’ perception of their firms’ CSR initiatives. In that, it can help firms to remain in business particularly in difficult times. Also, autonomous and controlled motivators may seem inversely related, however, they are not contradictory to each other. Both can coexist within a firm and it is crucial that HR professionals and managers endeavour to balance them discreetly to attain organisational goals. Originality/value Despite the growing interest in CSR across continents, CSR outcomes on employees among small and medium scale firms especially in Africa has fairly been toned-down by respective management of firms, governments and researchers.

Board diversity and corporate social responsibility in Jordan

Journal of Financial Reporting and Accounting ◽

10.1108/jfra-06-2015-0065 ◽

2016 ◽

Vol 14 (2) ◽

pp. 279-298 ◽

Cited By ~ 29

Author(s):

Abdul Hadi Ibrahim ◽

Mustafa Mohd Hanefah

Keyword(s):

Data Analysis ◽

Panel Data ◽

Social Responsibility ◽

Panel Data Analysis ◽

Arab Countries ◽

Board Diversity ◽

Content Type ◽

Csr Disclosure ◽

Purpose This study aims to investigate the impact of board diversity characteristics, namely, independence, gender, age and nationality of directors on the level of corporate social responsibility (CSR) disclosures. Design/methodology/approach Content analysis was used to determine CSR disclosure. This study used panel data analysis to investigate the influence of board diversity characteristics on CSR disclosures. Findings Panel data analysis show that the level of CSR disclosure has increased over the period of study. Results also reveal a positive and significant association between the level of CSR disclosure and board diversity variables. Research limitations/implications This study examined only companies listed on Amman Stock Exchange. Therefore, the generalisation of the results might be limited to the listed companies only. Practical implications Findings are relevant to policymakers, professional organisations and practitioners in Jordan and in other Arab countries. Social implications The role of women in the boardroom is important to ensure more CSR activities by the listed companies. Jordan being a Muslim country should take the initiative to introduce laws to increase the number of women to the board. Originality/value This study offers significant contributions to existing CSR literature in Jordan and in other Arab countries by introducing female directors. Findings are important to policymakers. They should implement quotas for women in the boardroom, and adopting such a policy will increase the participation of women in the decision-making process of the companies and reduce gender bias.

Establishing a benchmark for continuous HR improvement

Human Resource Management International Digest ◽

10.1108/hrmid-10-2015-0163 ◽

2016 ◽

Vol 24 (1) ◽

pp. 1-3

Author(s):

Claire Clifford

Keyword(s):

Social Responsibility ◽

Human Resource ◽

Design Methodology ◽

Response Rate ◽

Leadership Communication ◽

Content Type ◽

Purpose – This paper explains how Sabio approached benchmarking of their overall human resource (HR) performance. Design/methodology/approach – Sabio asked employees for feedback, achieving an impressive 92 per cent response rate. Findings – Feedback from employees highlighted issues around leadership, communication and corporate social responsibility. The article explains how Sabio addressed these issues. Originality/value – This paper gives a first-hand account of benchmarking for HR departments and how the company addressed the issues raised.

Corporate social responsibility and organizational attractiveness: implications for talent management

Social Responsibility Journal ◽

10.1108/srj-07-2015-0095 ◽

2016 ◽

Vol 12 (3) ◽

pp. 484-505 ◽

Cited By ~ 20

Author(s):

Joana Story ◽

Filipa Castanheira ◽

Silvia Hartig

Keyword(s):

Social Responsibility ◽

Well Being ◽

Talent Management ◽

Organizational Attractiveness ◽

Firm Reputation ◽

Content Type ◽

Job Advertisement ◽

Organizational Reputation ◽

Purpose Talent management is a twenty-first-century concern. Attracting talented individuals to organizations is an important source for firm competitive advantage. Building on signaling theory, this paper proposes that corporate social responsibility (CSR) can be an important tool for talent recruitment. Design/methodology/approach Across two studies, this paper found support for this hypothesized relationship. In Study 1, a job advertisement was manipulated to include information about CSR and tested it in two groups of 120 master’s degree students who would be in the job market within the year. It was found that CSR was an important factor that increased organizational attractiveness. In Study 2, with 532 external talented stakeholders of 16 organizations, our findings were replicated and advanced by testing whether perceptions of CSR practices (internal and external) influenced perceptions of organizational attractiveness and if this relationship was mediated by organizational reputation. Findings This study found that perceptions of internal CSR practices were directly related to both organizational attractiveness and firm reputation. However, perceptions of external CSR practices were related only to organizational attractiveness through organizational reputation. Research limitations/implications The article’s one of the main limitations has to do with generalizability of the results and the potential common method variance bias. Practical implications The findings demonstrate that CSR can play an effective role in attracting potential employees, through enhancement of organizational reputation and organizational attractiveness. If organizations are willing to implement practices that protect and develop their employees, along with practices that improve the quality of the natural environment and the well-being of the society, they can become an employer-of-choice. Originality/value This study expands on previous studies by including an experimental design, including two types of CSR practices and a mediating variable in this field study.