Executive Migration Matters: The Transfer of CSR Profiles Across Organizations

This study investigates whether and how the corporate social responsibility (CSR) profile of a company transfers to another company when an executive leaves a firm. We integrate upper echelon and institutional theories, and develop a novel measure of CSR profiles to explore this issue with a longitudinal data set of executive migrations over a 14-year period. We find that migrated executives assimilate elements of their old firms’ CSR profiles into their new firms (i.e., narrowing the distance between the two firms’ CSR profiles), and this is true for both CSR and corporate social irresponsibility (CSiR). This relationship is stronger when the migrating executive comes from a bigger firm with better social and financial performance than that of the new firm. We also find that the potential for improvement in CSR profiles in migration holds true for CSiR, but not CSR. Our findings have import for upper echelon theory and the managerial discretion afforded to executives regarding CSR decisions.

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Corporate Social Responsibility dan Kinerja Keuangan dengan Ukuran Perusahaan sebagai Variabel Moderasi

E-Jurnal Akuntansi ◽

10.24843/eja.2021.v31.i10.p09 ◽

2021 ◽

Vol 31 (10) ◽

pp. 2518

Author(s):

Alifia Nur Drianita ◽

Henny Triyana Hasibuan

Keyword(s):

Corporate Social Responsibility ◽

Social Responsibility ◽

Financial Performance ◽

Sampling Method ◽

Sampling Technique ◽

Company Size ◽

Social Community ◽

Corporate Social ◽

A Company ◽

Positive Effect

For a company that is increasingly developing, the level of exploitation of natural resources and its social community will certainly be higher and uncontrollable, therefore there is awareness from the company to implement corporate social responsibility (CSR). This study aims to determine the effect of CSR on financial performance with company size as a moderating variable. This research was conducted in mining sector companies listed on the IDX for the 2017-2019 period. The sampling method used was non-probability sampling with purposive sampling technique, where the results were a sample of 22 companies. Moderated regression analysis was used to analyze the data of this study. The results showed that CSR has a significant positive effect on financial performance, and company size can moderate the effect of CSR on financial performance. Keywords: Corporate Social Responsibility; Financial Performence; Company Size.

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Sustaining the Oil and Gas Multinationals’ Operations Through Corporate Social Responsibility Practices

10.21203/rs.3.rs-557270/v1 ◽

2021 ◽

Author(s):

Ama Twumwaa Gyane ◽

Edward Kweku Nunoo ◽

Shafic Suleman ◽

Joseph Essandoh-Yeddu

Keyword(s):

Corporate Social Responsibility ◽

Social Responsibility ◽

Financial Performance ◽

Emerging Economies ◽

Oil And Gas ◽

Scientific Data ◽

Data Set ◽

The Sustainable Development ◽

Key Aspects ◽

Corporate Social

Abstract The objective of this study is to provide empirical evidence from the perspective of prudent corporate social responsibility practices by oil and gas multinationals in emerging economies on how investments in and disclosure of the practices can enhance financial sustainability. Accounting-based measures on investments, financial performance, disclosures of activities and panel data set on company size (total assets) over a 10-year period (t) were analysed. Findings show that multinationals with interests in emerging economies take key aspects of their corporate social responsibility practices seriously. There was a significant positive relationship (p=0.0035<0.05) between investments in corporate social responsibility practices and sustainability of financial performance. No significant relationship (p=0.4409 > 0.05) was established between disclosure and financial performance. The paper concludes, by supporting the preposition with scientific data, that functional corporate social responsibility practices yield sustained dividend by presenting a stronger financial outlook for multinational oil and gas companies who engage in it. This is prudent for poverty alleviation initiatives and key to achieving the sustainable development goals and targets in emerging economies where they operate.

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Investing In Corporate Social Responsibility, Banking Disclosure And Finance In Uzbekistan

The American Journal of Management and Economics Innovations ◽

10.37547/tajmei/volume03issue05-14 ◽

2021 ◽

Vol 3 (05) ◽

pp. 86-94

Author(s):

Odilov Akmal Odilovich ◽

◽

Jo’rayev Behzod Nuraliyevich ◽

Keyword(s):

Corporate Social Responsibility ◽

Panel Data ◽

Social Responsibility ◽

Financial Performance ◽

Developing Country ◽

Fixed Effects ◽

Corporate Financial Performance ◽

Data Set ◽

Strategic Csr ◽

Corporate Social

Using panel data set from banks in Uzbekistan, a developing country, this paper examines the eﬀects of corporate social responsibility (CSR) investment and disclosure on corporate ﬁnancial performance. The results from the Wallace and Hussain estimator of component variances (a two- way random and ﬁxed eﬀects panel) suggest that CSR investment without due disclosure would have little or no contribution to corporate ﬁnancial performance. This paper supports the argument that ﬁrms could beneﬁt both ﬁnancially and non-ﬁnancially from a strategic CSR agenda.

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Dampak Kinerja Keuangan dan Pengungkapan Corporate Social Responsibility (CSR) terhadap Nilai Perusahaan

CAM JOURNAL : Change Agent For Management Journal ◽

10.35915/cj.v3i2.372 ◽

2019 ◽

Vol 3 (2) ◽

pp. 408

Author(s):

Detak Prapanca

Keyword(s):

Corporate Social Responsibility ◽

Social Responsibility ◽

Financial Performance ◽

Firm Value ◽

Net Income ◽

Test Results ◽

Company Value ◽

Csr Disclosure ◽

Corporate Social ◽

A Company

The development of a company will illustrate the increasing asset of a company that will describe the value of a company. Company value can be reflected from financial performance (EPS, ROA and NPM) as well as corporate social responsibility (CSR) disclosure. In this research firm value is analyzed with financial performance data and corporate CSR in 5th interval from year 2011 to 2015. Based on research that has been done show that financial performance proxy with ratio of EPS, ROA and NPM partially only NPM which have significant influence, where The company's value will increase 2,207 if the company's net income is generated high. In addition, corporate value is also proxied with the disclosure of social responsibility (CSR), in this study CSR does not significantly influence. Corporate performance and social responsibility disclosure simultaneously based on the research that has been done have an ef ect on simultaneously and significantly. This is indicated by the value of testing the value of F - Calculate is greater than the value of F - Table. The test results obtained value F - count 3.079, the value when compared with the value of t - table has a larger value, for t - table produced with df = 4 and N = 54 of 2.54. This indicates that financial performance simultaneously / simultaneously af ect the value of the company. And based on the result of testing the significance value of 0,024 <0,05, this result indicate that financial performance and disclosure of social responsibility significantly influence company value.

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Corporate Social Responsibility Disclosure and Financial Performance of Firms in Kenya: A Stakeholder Approach

Business and Economic Research ◽

10.5296/ber.v10i3.17382 ◽

2020 ◽

Vol 10 (3) ◽

pp. 90

Author(s):

Robert A. King’wara

Keyword(s):

Corporate Social Responsibility ◽

Social Responsibility ◽

Financial Performance ◽

Financial Reporting ◽

Annual Reports ◽

Data Set ◽

Corporate Social Responsibility Disclosure ◽

Data Control ◽

Using Data ◽

Corporate Social

Using panel data set from companies listed on the Nairobi Securities Exchange in Kenya, a developing country, this paper examines the potential influence of corporate social responsibility disclosure (CSRD) on corporate financial performance. Using data from annual reports, CSRD information was collected for the period 2007-2015 using quantitative content analysis while financial performance data was collected for the period 2008-2016, a one-year lag behind CSRD data. Control variables were firm size, industry type and leverage. There was found to be no statistically significant impact of CSRD on financial performance. Since neutrality of the relationship is empirically proven, the conclusion is that CSRD has little or no contribution to financial performance and the implication is that effective financial reporting for companies listed on the NSE does not include reporting on CSR activities. Theoretically the study proposes that unequal controlling strengths of different stakeholders be assumed under the stakeholder theory for application within different national contexts in order for managers to be able to make the necessary tradeoffs among competing stakeholders.

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Sustaining the Oil and Gas Industry through corporate social responsibility practices by multinational oil and gas companies in emerging economies.

10.21203/rs.3.rs-254435/v1 ◽

2021 ◽

Author(s):

Ama Twumwaa Gyane ◽

Edward Kweku Nunoo ◽

Shafic Suleman

Keyword(s):

Corporate Social Responsibility ◽

Social Responsibility ◽

Financial Performance ◽

Emerging Economies ◽

Oil And Gas ◽

Oil And Gas Industry ◽

Data Set ◽

Key Aspects ◽

Corporate Social ◽

Oil And Gas Companies

Abstract The objective of this study was to provide empirical evidence from the perspective of corporate social responsibility practices by multinational oil and gas companies in emerging economies on how investments in and disclosure of this practice could enhance financial sustainability. Accounting-based measures on investments, financial performance, disclosures of activities and panel data set on company size (total assets) over a 10-year period (t) were analysed. Findings show that oil firms with interest in emerging economies take key aspects of corporate social responsibility practices seriously. There was significant positive relationship (p = 0.0035 < 0.05) between investment in the practice and sustainability in financial performance. No significant relationship (p = 0.4409 > 0.05) was established between disclosure and financial performance. Functional corporate social responsibility practices were envisaged to yield sustained dividend in terms of a stronger financial outlook for oil and gas companies for poverty alleviation and to achieve key sustainable development goals and targets in emerging economies.

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CORPORATE SOCIAL RESPONSIBILITY (CSR): PROFIT SEEKING OR SOCIAL ACTIVITY?

Jurnal Akuntansi Bisnis ◽

10.30813/jab.v13i2.2144 ◽

2020 ◽

Vol 13 (2) ◽

Author(s):

Nia Hariana ◽

Arthik Davianti

Keyword(s):

Corporate Social Responsibility ◽

Social Responsibility ◽

Financial Performance ◽

Stock Exchange ◽

Social Activity ◽

Secondary Data ◽

Return On Equity ◽

Moderating Variables ◽

Corporate Social ◽

A Company

<h1>ABSTRACT: A company is required to do the Corporate Social Responsibility (CSR) as a form of responsibility to the stakeholders. In general, CSR activities give several impacts on companies and also the surrounding environment or residents. Companies tend to spend a high CSR expenditure with a possibility to influence their profit but some argue that CSR expenditure is related to companies’ social objectives. The research was conducted with the aim to analyze the effect of CSR on future financial performance and corporate social activity. The data of the research uses secondary data through the annual report and financial report of consumer goods manufacturing industries that registered in the Indonesia Stock Exchange. The result of the research showed that CSR expenditure has no significant effect on future financial performance. However, the company will still report their CSR expenditure as a signal to the users of financial statements. Further, the result of this study shows that CSR expenditure has a significant effect on social activities. This research can be used by shareholders, investors, and other companies in choosing a company with a good image seen from their CSR to work with. Afterward, further research is expected to use other moderating variables such as Return on Equity (ROE) or Earning per Share (EPS) in measuring the relationship of CSR and financial performance.</h1> Keywords: Corporate social responsibility, future financial performance, corporate social activity. ABSTRAK: Sebuah perusahaan wajib melakukan Tanggung Jawab Sosial Perusahaan sebagai bentuk tanggung jawab kepada para pemangku kepentingan. Secara umum, kegiatan Tanggung Jawab Sosial Perusahaan memberikan beberapa dampak bagi perusahaan dan juga lingkungan atau atau masyarakat sekitar. Perusahaan cenderung mengeluarkan pengeluaran atas Tanggung Jawab Sosial Perusahaan dengan cukup tinggi dengan harapan dapat mempengaruhi keuntungan perusahaan. Akan tetapi, beberapa berpendapat bahwa pengeluaran dari Tanggung Jawab Sosial Perusahaan berhubungan dengan tujuan sosial perusahaan. Penelitian ini dilakukan dengan tujuan untuk menganalisis pengaruh Tanggung Jawab Sosial Perusahaan terhadap kinerja keuangan masa depan dan aktivitas sosial perusahaan. Data penelitian menggunakan data sekunder melalui laporan tahunan dan laporan keuangan industri manufaktur barang konsumsi yang terdaftar di Bursa Efek Indonesia (BEI). Hasil penelitian menunjukkan bahwa pengeluaran atas Tanggung Jawab Sosial Perusahaan tidak berpengaruh signifikan terhadap kinerja keuangan masa depan perusahaan. Meski demikian, perusahaan tetap akan melaporkan pengeluaran atas Tanggung Jawab Sosial Perusahaan sebagai sinyal bagi pengguna laporan keuangan. Lebih lanjut, hasil penelitian ini menunjukkan bahwa pengeluaran atas Tanggung Jawab Sosial Perusahaan berpengaruh signifikan terhadap kegiatan sosial perusahaan. Penelitian ini dapat digunakan oleh pemegang saham, investor, dan perusahaan lain dalam memilih perusahaan dengan citra yang baik dilihat dari Tanggung Jawab Sosial Perusahaan untuk kepentingan menjalin kerjasama. Selanjutnya penelitian berikutnya diharapkan dapat menggunakan variabel moderasi lain seperti laba atas ekuitas atau penghasilan per saham dalam mengukur hubungan Tanggung Jawab Sosial Perusahaan dan kinerja keuangan perusahaan. Kata kunci: Tanggung jawab sosial perusahaan, kinerja keuangan masa depan, aktivitas sosial perusahaan.

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Determinant Analysis of Corporate Social Responsibility Disclosure in Food and Beverages Company

SENTRALISASI ◽

10.33506/sl.v10i1.1135 ◽

2021 ◽

Vol 10 (1) ◽

pp. 41

Author(s):

Dwi Cahyono ◽

Intan Sarifa Nuraeni

Keyword(s):

Decision Making ◽

Corporate Social Responsibility ◽

Social Responsibility ◽

Financial Performance ◽

Environmental Sustainability ◽

Surrounding Environment ◽

Csr Disclosure ◽

Corporate Social ◽

A Company ◽

Determinant Analysis

The environmental sustainability has a big and important role in the success of a company. Organizational benchmarks can be seen from the company's financial performance which is allocated for Corporate Social Responsibility (CSR) disclosure. Corporate Social Responsibility (CSR) Disclosure is the company's concern for its surrounding environment, which will affect the sustainability of the company. Good companies regularly disclose their Corporate Social Responsibility (CSR). Many studies have been conducted by examining the determinants in Corporate Social Responsibility (CS ) disclosure. However, several things do not show that the research have a big effect on Corporate Social Responsibility (CSR ) disclosure. This decision making is based on existing theory.

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Carryforward Effects of CSR Champions

Accounting Horizons ◽

10.2308/horizons-17-083 ◽

2020 ◽

Vol 34 (3) ◽

pp. 113-128

Author(s):

Nancy Chun Feng ◽

Mahfuja Malik

Keyword(s):

Corporate Social Responsibility ◽

Social Responsibility ◽

New Firms ◽

Socially Responsible ◽

Data Set ◽

Related Literature ◽

Top Executives ◽

New Firm ◽

Corporate Social ◽

Jel Classifications

SYNOPSIS This study investigates whether executives of socially responsible firms carry forward corporate social policies when they move to different firms. In order to identify the carryforward effects of top executives on corporate social responsibility (CSR) policies, we construct a data set by tracking the movements of executives across firms. We designate top executives as CSR Champions if their firms demonstrate superior-quality CSR practices. We find that the entrance of a CSR Champion into a new firm improves its CSR performance, and we label these incremental effects CSR-Carryforward Effects. Our findings are stronger in firms with poor past CSR performance. Overall, this study extends the executive and CSR-related literature by documenting that executives of socially responsible firms have positive CSR-related effects on their new firms. JEL Classifications: M12; M14.

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Pelaksanaan Corporate Social Responsibility (CSR) dan Kinerja Perusahaan Manufaktur di Indonesia

Media Riset Bisnis & Manajemen ◽

10.25105/mrbm.v18i1.4991 ◽

2019 ◽

Vol 18 (1) ◽

pp. 11

Author(s):

Hartini Hartini ◽

Dwi Hartini Rahayu

Keyword(s):

Corporate Social Responsibility ◽

Firm Performance ◽

Panel Data ◽

Social Responsibility ◽

Financial Performance ◽

Stock Exchange ◽

Data Set ◽

Performance Variables ◽

Panel Data Regression ◽

Corporate Social

Abstrak Tujuan – Penelitian ini bertujuan untuk menguji praktek tanggung jawab sosial di Indonesia dan hubungannya dengan kinerja perusahaan. Desain/Metodologi/Pendekatan – Kumpulan data panel dikumpulkan dari Bursa Efek Indonesia selama periode 2010-2014 untuk mengukur GRI sebagai proksi variabel CSR dan kinerja keuangan (ROA, ROE dan EVA). Regresi data panel berganda digunakan untuk menganalisis pengaruh CSR terhadap kinerja perusahaan.Hasil – Penelitian ini menemukan bahwa praktik CSR hanyalah pemenuhan kewajiban dan tidak berpengaruh pada kinerjaKeterbaruan/Nilai - Penelitian ini tidak hanya mengukur kinerja keuangan berdasarkan akuntansi (ROA dan ROE) tetapi juga kinerja berbasis pasar (EVA) Abstract Proposed – This paper aims to examine the corporate social responsibility practices in Indonesia and it’s relation to firm performance Design/Methodology/Approach – A panel data set gathered from Indonesian Stock Exchange during the 2010-2014 period to measured GRI as a proxy of CSR and financial performance variables (ROA, ROE and EVA). Multiple panel data regression was used to analyze the effect off CSR to firm performance.Result – This result found that CSR practice was only an obligation fulfillment and had no effect on performanceNovelty/Value - This study not only measured financial performance by accounting-based (ROA and ROE) but also market-based performance (EVA)

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