scholarly journals Corporate Social Responsibility as a Strategic Opportunity for Small Firms during Economic Crises

2019 ◽  
Vol 57 (sup2) ◽  
pp. 172-199 ◽  
Author(s):  
José M. Moneva‐abadía ◽  
Dolores Gallardo‐vázquez ◽  
M. Isabel Sánchez‐hernández
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Small Firms ◽  
Economic Crises ◽  
Corporate Social

scholarly journals Attitude and Motives Towards Corporate Social Responsibility in the Kingdom of Saudi Arabia

2018 ◽  
Vol 10 (11) ◽  
pp. 63
Author(s):  
Rawan Al Mohanna ◽  
Lama Al-Kayed
Keyword(s):  
Saudi Arabia ◽  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Small Firms ◽  
Large Firms ◽  
Kingdom Of Saudi Arabia ◽  
Research Questions ◽  
Corporate Social ◽  
Contemporary Approach

This paper explores the attitudes of large and small firms’ managers toward Corporate Social Responsibility (CSR) in the Kingdom of Saudi Arabia and the motivations behind the implementation of such an initiative. The research revealed a gap in the minute number of studies exploring CSR practices the kingdom’s SMEs. There was a further gap in the managers’ motives towards CSR within the same region. As a way of responding to the four proposed research questions, the researchers surveyed 52 SME and large firms. Ideally, the results showed that large firms pursue traditional CSR practices and record their activities unlike SMEs, which follow a contemporary approach to CSR, with little regard to recording their activities. In addition, large firms significantly perceive CSR as an obligation, while SMEs rely on their board of management’s beliefs. This paper provides an insight for the policymakers to adopt different approaches for large and small firms in their implementation of CSR practices in pursuance of satisfactory reports.

Effect of Corporate Social Responsibility on Pricing of Small Business Loans

2021 ◽  
pp. 1226-1249
Author(s):  
Markku Vieru ◽  
Janne Peltoniemi
Keyword(s):  
Corporate Social Responsibility ◽  
Small Business ◽  
Social Responsibility ◽  
Small Firms ◽  
Management Practices ◽  
Bank Lending ◽  
Loan Pricing ◽  
Small Business Finance ◽  
Small Business Loans ◽  
Corporate Social

This study analyzes corporate social responsibility (CSR) issues in small business finance in Finland, especially within relationship banking. The study combines credit-file data obtained from a large local Finnish bank with a CSR questionnaire conducted with the bank's business loan managers. The credit-file data contain specific details of CSR characteristics, as well as relationship-, collateral-, firm-, and loan-specific characteristics. CSR, typically considered as a non-financial item, contains value-relevant financial information which affects the loan pricing level. The results show that both overinvestment in CSR and the value created by CSR are valid but connected to different CSR characteristics. Overinvestment is associated with the environment and value creation with diversity and employees. The results contribute to the understanding of the characteristics of CSR in the context of small business bank lending, as well as more generally to important implications for small firms, banks, and management practices.

Marketing potential of corporate social responsibility in supply chains

2008 ◽  
Vol 8 (2) ◽  
pp. 143-152 ◽  
Author(s):  
Frans Verhees ◽  
Abele Kuipers ◽  
Matthew Meulenberg
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Supply Chains ◽  
Animal Welfare ◽  
Product Differentiation ◽  
Food Supply ◽  
Customer Value ◽  
Small Firms ◽  
Food Supply Chains ◽  
Corporate Social

This paper provides a method to assess the customer value and marketing possibilities of increasing transparency about the corporate social responsibility (CSR) of supply chains. The willingness of small firms, in this study farmers in food supply chains, to make information available about certain CSR issues is measured and compared with CSR issues about which consumers value more information. This will identify the CSR issues about which it would be appropriate for supply chains to increase their transparency. Moreover, farmers in supply chains are grouped based on the information about CSR issues that they are willing to make available and matched with consumer segments that have a need for such information. The method is demonstrated for Dutch dairy supply chains, but it can easily be adapted to other (food) supply chains. Transparency about the CSR issue 'food safety' has marketing potential for Dutch dairy supply chains and can be increased relatively simply. Transparency about the CSR issue 'animal welfare' also has good marketing potential, but increasing the transparency about animal welfare is considered difficult. Transparency about the CSR issues 'environment' and 'revenues and costs' has little marketing potential for Dutch dairy supply chains. The existence of market segments that have a need for information about certain CSR issues and that can be matched with groups of farmers willing to provide this information shows that there are marketing opportunities for product differentiation and target marketing in the Dutch dairy supply chain.

scholarly journals THE TENET OF CORPORATE SOCIAL RESPONSIBILITY FOR ENVIRONMENT AND ITS PRACTICE IN INDONESIA

2021 ◽  
Vol 4 (1) ◽  
pp. 1-10
Author(s):  
Ahmad Abbas ◽  
Wa Ode Rayyani ◽  
Edy Fitriawan Syahadat
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Environmental Performance ◽  
Small Firms ◽  
Environmental Aspect ◽  
Government Role ◽  
The Government ◽  
Almost All ◽  
Corporate Social

The tenet of Corporate Social Responsibility (CSR) positions the environment as logocentrism so that almost all firms increasingly desire to appear “green”. An expanding number of firms are going green and are made public through corporate social reports. Green CSR is a philosophy for describing the environmental aspect of CSR. In Indonesia, it however lacks the discussion and the response after the government applies the law and regulation. This paper highlights the Indonesian government role of attracting firms to be involved in carrying out the environmental performance. The tenet of legitimacy theory is reviewed to elaborate environmental CSR practice. The aim of this paper is to provide critical perspective of understanding the environmental responsibility. It posits that environmental CSR practice in Indonesia is only addressed to legitimize the business. Firms are more involved in carrying out the environmental performance due to the mandate from dominant rules and rating values enforced by the government. For an integrated synergy in maximizing sustainable development, the government should heighten collaboration activities with small firms and provide an assessment in accordance with their characteristics. Keywords: CSR, Environment, Firms, Legitimacy, Rule

scholarly journals The Case Experience of Integrating the SDGs into Corporate Strategies for Financial Risk Management Based on Social Responsibility (with the Example of Russian TNCs)

Risks ◽  
2022 ◽  
Vol 10 (1) ◽  
pp. 12
Author(s):  
Alexey S. Kharlanov ◽  
Yuliya V. Bazhdanova ◽  
Teimuraz A. Kemkhashvili ◽  
Natalia G. Sapozhnikova
Keyword(s):  
Risk Management ◽  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Financial Risk ◽  
Dynamic Modelling ◽  
Financial Risks ◽  
Economic Crises ◽  
Financial Risk Management ◽  
Corporate Strategies ◽  
Corporate Social

The motivation of this research consists in the following: the traditional commercial approach to financial risk management amid economic crises implies the reduction of corporate social responsibility, based on the assumption that this responsibility raises the financial risk of business. Due to this, the contribution of business to the achievement of the SDGs is not stable and is often negative, since practices of business management contradict the SDGs in crisis periods and hinder their achievement in society and the economy. However, the refusal from corporate social responsibility during a crisis does not guarantee the following increase in the level of business development in the period of stability. A study of the case experience of integrating the SDGs into corporate strategies of the largest Russian companies during the COVID-19 crisis improved the understanding of the contribution of corporate social responsibility to financial risk management of the business. Dynamic modelling showed that, in a crisis period, corporate social responsibility leads to a reduction of the financial risks of business—it is commercially profitable, similarly to the phase of stability, and critically important. Based on this, an alternative (new) approach to financial risk management is developed, which allows raising the effectiveness of this management amid economic crises (including the COVID-19 crisis) through the integration of the SDGs into corporate strategies and the manifestation of high social responsibility during crises.

Effect of Corporate Social Responsibility on Pricing of Small Business Loans

2021 ◽  
pp. 146-169
Author(s):  
Markku Vieru ◽  
Janne Peltoniemi
Keyword(s):  
Corporate Social Responsibility ◽  
Small Business ◽  
Social Responsibility ◽  
Small Firms ◽  
Management Practices ◽  
Bank Lending ◽  
Loan Pricing ◽  
Small Business Finance ◽  
Small Business Loans ◽  
Corporate Social

This study analyzes corporate social responsibility (CSR) issues in small business finance in Finland, especially within relationship banking. The study combines credit-file data obtained from a large local Finnish bank with a CSR questionnaire conducted with the bank's business loan managers. The credit-file data contain specific details of CSR characteristics, as well as relationship-, collateral-, firm-, and loan-specific characteristics. CSR, typically considered as a non-financial item, contains value-relevant financial information which affects the loan pricing level. The results show that both overinvestment in CSR and the value created by CSR are valid but connected to different CSR characteristics. Overinvestment is associated with the environment and value creation with diversity and employees. The results contribute to the understanding of the characteristics of CSR in the context of small business bank lending, as well as more generally to important implications for small firms, banks, and management practices.

scholarly journals Corporate Social Responsibility and Brand Equity in Mexican Small Firms

2019 ◽  
Vol 13 (1) ◽  
pp. 18
Author(s):  
Gonzalo Maldonado-Guzman ◽  
Sandra Yesenia Pinzón-Castro ◽  
Lucero Jazmín Cuevas-Pichardo
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Brand Equity ◽  
Small Businesses ◽  
Small Firms ◽  
Structural Equations ◽  
Transnational Companies ◽  
Corporate Social ◽  
Structural Equations Model ◽  
The Relationship

Corporate social responsibility is a topic that has generally been analyzed and discussed in large national and transnational companies, and relatively few studies have been oriented in small and medium-sized enterprises, even though theoretical and empirical evidence has been provided that small businesses also carry out social responsibility activities. Likewise, brand equity has been scarcely related to corporate social responsibility, and there are few studies published in the current marketing literature that relate these two important constructs. Therefore, using a sample of 300 small firms and applying a structural equations model of second order, which allows to know in greater depth the relationship between corporate social responsibility and brand equity, the essential objective of this empirical study is the analysis and discussion of the effects of corporate social responsibility on the level of brand equity of small firms. The results obtained show that corporate social responsibility has a significant positive effect on the level of brand equity of small firms.

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