Employee participation, ethics and corporate social responsibility

2008 ◽  
Vol 14 (1) ◽  
pp. 93-110 ◽  
Author(s):  
Isabelle Daugareilh
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Multinational Enterprises ◽  
Good Governance ◽  
Self Regulation ◽  
Employee Participation ◽  
Fundamental Rights ◽  
Employee Relations ◽  
Labour Relations ◽  
Corporate Social

Employee participation is deemed necessary in the name of good governance and corporate social responsibility. For this reason it forms an essential aspect of legal instruments drafted by international public institutions and aimed at multinational enterprises. Despite this, enterprises clearly prefer to take a unilateral approach in the rules they adopt to implement CSR policies, and an individual approach to employee relations, to the detriment of collective labour relations. CSR thus presents two radically different facets: one of which is favourable to transnational social dialogue, while the other presents firms with an opportunity to regain areas of control over their employees at the expense of public freedoms and fundamental rights. The co-existence of these two aspects of CSR confronts public authorities with the following dilemma: either they allow self-regulation to take its course, and risk seeing violations of international labour law and national legislation, or they intervene in order to ensure compliance with existing international instruments.

Corporate social responsibility practices and disclosures in Thailand

2019 ◽  
Vol 15 (3) ◽  
pp. 318-332 ◽  
Author(s):  
Panya Issarawornrawanich ◽  
Suneerat Wuttichindanon
Keyword(s):  
Factor Analysis ◽  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Good Governance ◽  
Stock Exchange ◽  
Employee Relations ◽  
Business Practices ◽  
Content Type ◽  
Legal Frameworks ◽  
Corporate Social

Purpose This paper aims to investigate the patterns of corporate social responsibility (CSR) practices and disclosures of firms listed on the Stock Exchange of Thailand (SET). Design/methodology/approach A total of 43 CSR indices under the Securities and Exchange Commission’s nine CSR components were used to quantify the CSR disclosures. The nine CSR components are good governance, environment, consumer protections, fair business practices, human rights, labor standards, community and society, innovation and anti-corruption. The common patterns of the CSR disclosures were subsequently identified using factor analysis. Findings The factor analysis identified four domains of the CSR disclosures of the SET-listed firms: employee relations, environment, anti-corruption and philanthropic efforts. Importantly, an increasing number of Thai firms are now attaching greater significance to the employee relations aspect of CSR, as opposed to in the past. In addition, an increasing number of the Thai companies have either initiated or participated in the anti-corruption campaigns. Originality/value The research offers an insight into the current development in CSR practices and disclosures in Thailand, as compared to a decade ago. To that end, this research conducted a survey on the CSR disclosures in relation to the nine CSR components, and factor analysis was used to establish the patterns of CSR practices. The findings are of great use to regulators in formulating legal frameworks and strategies to engage companies in CSR and also provide further evidence on the CSR practices in an emerging economy. Furthermore, the findings offer businesses and industries a disclosure benchmark, against which firms decide on the nature and extent of CSR information to disclose in the annual statements.

Part III The Social Dimension, 13 Labour Relations

2021 ◽  
Author(s):  
Muchlinski Peter T
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Perceived Risk ◽  
Multinational Enterprises ◽  
Social Dimension ◽  
Decent Work ◽  
Labour Relations ◽  
Labour Rights ◽  
Labour Standards ◽  
Corporate Social

This chapter examines labour relations. The main elements of corporate social responsibility (CSR) applicable to multinational enterprises (MNEs) revolve around labour relations, human rights and environmental sustainability, which form the core contents of international corporate social responsibility (ICSR) instruments. The extension of CSR to MNEs arises from the perceived risk that they have the power to act with impunity against the interests of stakeholders affected by their operations, giving rise to growing demands for rebalancing corporate responsibilities towards more social ends. Labour rights represent the oldest category of social rights under national and international law and are key to understanding the rise of ICSR and its legal responses. The chapter then explores the historical role of labour rights in ICSR. It considers how the operations of MNEs and global value chains (GVCs) have caused changes in labour practices. It also studies the consequences of these changes on the regulation of labour relations in MNEs and GVCs, including the shift in contemporary transnational labour standards to the notion of ‘decent work’. Finally, the chapter assesses how the ‘decent work’ idea can be put into practice through national laws, international labour rights and transnational labour practices.

scholarly journals CORPORATE SOCIAL RESPONSIBILITY IN INDIAN BANKING INDUSTRY: STUDY ON ATTEMPTS OF HDFC BANK

2016 ◽  
Vol 4 (8) ◽  
pp. 62-74
Author(s):  
Nidhi
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Financial Institutions ◽  
Banking Sector ◽  
Banking Industry ◽  
Self Regulation ◽  
Secondary Data ◽  
Moral Obligations ◽  
Industry Study ◽  
Corporate Social

This paper is the study about the Corporate Social Responsibilities of the banking industry in India. Social Responsibility of business refers to what a business does over and above the statutory requirement for the benefit of the society. The word “responsibility” emphasizes that the business has some moral obligations towards the society. Corporate Social Responsibility also called Corporate Conscience or Responsible Business is a form of corporate self-regulation integrated into a business model. The paper is based on secondary data. Now-a-days CSR has been assuming greater importance in the corporate world including financial institutions and banking sector. Banks and other financial institutions start promoting environment friendly and socially responsible lending and investment practices. The paper consists of key areas of 6 banks and a case study on HDFC Bank.

scholarly journals PERAN INVESTMENT OPPORTUNITY SET SEBAGAI PEMODERASI PENGARUH KINERJA KEUANGAN, GOODCORPORATE GOVERNANCE DAN CORPORATE SOCIAL RESPONSIBILITY TERHADAP NILAI PERUSAHAAN

2019 ◽  
Vol 4 (2) ◽  
pp. 85
Author(s):  
Michael Anderson Sianipar ◽  
Susi Dwi Mulyani
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Firm Value ◽  
Good Governance ◽  
Stock Exchange ◽  
Investment Opportunity ◽  
Good Corporate Governance ◽  
Investment Opportunity Set ◽  
Corporate Social ◽  
Positive Effect

<em>Firm Values of manufacturing company in Indonesia is influenced by various factors of financial and non-financial that can be measured using financial ratios, good governance, and social responsibility practices in the company. The purpose of this study was to analyze the effect of financial performance proxied by Profitability and Solvability, Good Corporate Governance (GCG), and Corporate Social Responsibility (CSR) on the firm value,with Investment Opportunity set (IOS) as a moderating variable. The firm value in this study was proxied by Tobins’q.The population of this research is manufacturing companywith chemical industry subsectors listed in the Indonesia Stock Exchange (BEI) in 2013-2015. The sampling method used is purposive sampling and acquired 31 companies in this sample. The analytical method used is moderating regression analysis.Based on the results of hypotheses testing, there wasSolvability and IOS had positive effect on firm value, while Profitability, GCG, and CSR had no effect on the firm value. The use of a moderating variable Investment Opportunity Set (IOS) is not able to strengthen the influence of profitability, solvability, GCG and CSR on the firm value.</em>

The effect of corporate social responsibility on firm risk

2015 ◽  
Vol 11 (2) ◽  
pp. 324-339 ◽  
Author(s):  
Pascal Nguyen ◽  
Anna Nguyen
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Positive Influence ◽  
Employee Relations ◽  
Fixed Cost ◽  
Firm Risk ◽  
Single Measure ◽  
Content Type ◽  
Aggregate Index ◽  
Corporate Social

Purpose – The purpose of this paper is to investigate the link between corporate social responsibility (CSR) and risk for a sample of US firms rated by KLD. Design/methodology/approach – The authors’ approach involves three distinctive features. First, the authors use individual indicators of CSR to highlight which CSR dimension matters most for a firm’s risk. Second, the authors distinguish CSR strengths and concerns to reveal potentially nonlinear relationships. Third, the authors use a measure of risk that takes into account the predictable changes in a firm’s performance and that does not collapse the panel data into a single cross-section. This allows the CSR–risk relationship to be estimated by the variation within each firm and the variation across firms. Findings – Consistent with existing results, the authors find that CSR concerns relating to diversity, employee relations and corporate governance increase the risk to shareholders. More interestingly, the authors show that CSR strengths relating to diversity and employee relations are also associated with higher risk. The positive influence of both CSR strengths and concerns on a firm’s risk is confirmed using aggregate CSR indicators. Research limitations/implications – The results confirm that CSR strengths and concerns represent distinct constructs that should not be aggregated into a single measure. The effect of poor CSR on firm risk is more significant than what would appear to be the case using an aggregate index. Practical implications – Although lack of CSR engagement may not affect (and may even benefit) a firm’s current performance, it may seriously damage its performance in the future. Firms should be aware of this risk. Originality/value – The positive relationship found between CSR and firm risk underscores the inherent conflict between the interests of employees and those of shareholders. By committing to a more favorable treatment of their employees, firms incur a fixed cost that inevitably transfers more risk to their shareholders.

Corporate Social Responsibility and Transparency in the Development of Energy and Mining Projects in Emerging Markets; Is Soft Law the Answer?

2007 ◽  
Vol 8 (4) ◽  
pp. 311-339 ◽  
Author(s):  
Bede Nwete
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Government Regulation ◽  
Intrinsic Value ◽  
Self Regulation ◽  
Resource Development ◽  
Soft Law ◽  
Practical Implementation ◽  
Bottom Line ◽  
Corporate Social

Corporate Social Responsibility (CSR) has today become the rhetoric of every Business Enterprise, especially those engaged in Natural Resource Development. This is in recognition of its intrinsic value to the business bottom line and its ability to stave off social and reputation risks that may not only affect a project's rate of return, but also subject to questioning, its ‘social licence’ to operate. But the ‘free rider’, ‘green wash’ and ‘blue wash’ problems that result from self-regulation inherent in the practical implementation of CSR initiatives, has led to questions as to whether self regulation as exemplified in the ‘soft law’ approach to CSR and transparency, is really the answer to the problem of using CSR and Transparency initiatives, to ensure that Mineral Resource Development benefits all parties on the Mineral Development Triangle. Is government regulation a better option or should industry driven self-regulation be allowed to continue? This paper reviews the above issues using examples from a few countries to show the way forward.

Sign in / Sign up

Export Citation Format

Share Document