The Effects of Megaproject Social Responsibility on Participating Organizations

This study focuses on the effects of megaproject social responsibility (MSR) on participating organizations’ performance. Using a survey of the participating organizations in Chinese megaprojects, this study reveals that the impact of MSR on a participant’s performance goes beyond the scope of the current megaproject. The empirical results indicate that MSR positively affects both financial and social performance of the participating organizations. The interactions of primary stakeholders weaken the positive effects of MSR on both financial and social performance, whereas the interactions of secondary stakeholders strengthen the positive effects of MSR on social performance.

Corporate social responsibility and corporate payout policy: the impact of product market competition

International Journal of Managerial Finance ◽

10.1108/ijmf-09-2020-0465 ◽

2020 ◽

Vol ahead-of-print (ahead-of-print) ◽

Author(s):

Shahbaz Sheikh

Keyword(s):

Firm Performance ◽

Social Responsibility ◽

Social Performance ◽

Market Competition ◽

Global Reporting Initiative ◽

Product Markets ◽

Content Type ◽

Corporate Social ◽

PurposeThe purpose of this paper is to empirically investigate if and how firm performance in corporate social responsibility (CSR) is related to corporate payouts and how competition in product markets influences this relation.Design/methodology/approachLogit and Tobit regressions are used to estimate the relation between firm performance in CSR and corporate payouts.FindingsThe empirical results show that firm performance in CSR is positively related to the propensity and level of dividends, repurchases and total payouts (dividends plus repurchases). However, the positive relation between CSR performance and corporate payouts is significant only for firms that operate in low competition markets. In high competition markets, CSR performance does not seem to have any significant relation with corporate payouts.Research limitations/implicationsThis study uses MSCI social ratings data to measure net scores on CSR. There is no systematic conceptual reason for measuring social performance using MSCI social ratings. Future research should use other measures of social performance (e.g. Dow Jones Sustainability Index, Accountability Ratings and Global Reporting Initiative to estimate the relation between CSR and corporate payouts).Practical implicationsCSR firms are more likely to choose higher payouts when they operate in low competition markets.Originality/valueThis study contributes to the stream of research that evaluates the payout choices of CSR firms and competition in product markets. To the author's knowledge, this is the first study that documents the impact of market competition on the relation between firm performance in CSR and corporate payouts.

The impact of corporate social responsibility on firms’ financial performance, evidence from the food and beverage industry

British Food Journal ◽

10.1108/bfj-07-2019-0503 ◽

2019 ◽

Vol 122 (1) ◽

pp. 1-13 ◽

Cited By ~ 6

Author(s):

Niccolò Nirino ◽

Nicola Miglietta ◽

Antonio Salvi

Keyword(s):

Social Responsibility ◽

Financial Performance ◽

Ordinary Least Squares ◽

Social Outcomes ◽

Content Type ◽

Positive Effects ◽

Food And Beverage ◽

Corporate Social ◽

Purpose The purpose of this paper is to investigate the impact of corporate social responsibility (CSR) on firms’ financial performance (FP) in the food and beverage (F&B) sector. Design/methodology/approach The authors developed a conceptual model that hypothesizes a positive effect of CSR governance on CSR outcomes (environmental and social) and these on firm’s FP. Gathering data from 190 F&B companies, the authors empirically tested the validity of the model through an ordinary least squares regression analysis. Findings The findings highlight the positive impact of CSR governance on environmental and social outcomes, showing real societal concerns among companies’ stakeholders in the F&B industry. Studies on the effect of CSR outcomes on FP have shown mixed results. On one side, the social outcomes positively impact a firm’s performance; on the other side, environmental outcomes show insignificant or non-positive effects depending on different measurements of FP. Originality/value Despite the mixed set of results between CSR and a firm’s performance in the literature, this research provides a new framework in which the impact of CSR on FP is analysed through the effectiveness of CSR governance on CSR outcomes (social and environmental). Moreover, this study contributes to the CSR literature understanding the impact of both environment and social concerns by companies on firm’s FP in F&B context.

International Journal of Sustainable Entrepreneurship and Corporate Social Responsibility ◽

The Impact of Corporate Social Responsibility on Organisational Citizenship Behaviour, Work Engagement, and Job Embeddedness

10.4018/ijsecsr.2021010102 ◽

2021 ◽

Vol 6 (1) ◽

pp. 19-29

Author(s):

Ferman Omar Ismael ◽

Mehmet Yeşiltaş ◽

Simbarashe Rabson Andrea

Keyword(s):

Social Responsibility ◽

Organizational Citizenship ◽

Work Engagement ◽

Job Embeddedness ◽

Equation Modeling ◽

Positive Effects ◽

Causal Path ◽

Corporate Social ◽

This study examines the impact of corporate social responsibility on organisational citizenship behaviour, work engagement, and job embeddedness. Structural equation modeling tests were conducted on 522 responses gathered from telecommunications companies in the Kurdistan Region of Iraq. The results depicted that corporate social responsibility improvements have positive effects on organisational citizenship behaviour, work engagement, and job embeddedness. Further observations depicted an insignificant positive partial causal path between corporate social responsibility, work engagement, and organizational citizenship behaviour. This study's novelty elements are inherent in its potency to examine the causal path between corporate social responsibility, work engagement, and organizational citizenship behavior. This study contributes to the literature by further expanding job embeddedness theory and proposing a comprehensive job embeddedness framework that researchers and practitioners can adopt in future research.

The impact of corporate social responsibility on social performance, financial performance and customer reactions in the food industry

International Journal of Business Innovation and Research ◽

10.1504/ijbir.2018.10016026 ◽

2018 ◽

Vol 17 (2) ◽

pp. 249

Author(s):

Majid Mohammad Shafiee ◽

Fereydoun Omidi

Keyword(s):

Social Responsibility ◽

Financial Performance ◽

Food Industry ◽

Social Performance ◽

Corporate Social ◽

Do CEO Rhetorical Strategies Affect Corporate Social Performance? Evidence from China

Sustainability ◽

10.3390/su11184907 ◽

2019 ◽

Vol 11 (18) ◽

pp. 4907 ◽

Cited By ~ 2

Author(s):

Chang Liu ◽

Shouming Chen ◽

Qiuyue Shao

Keyword(s):

Corporate Social Performance ◽

Stock Exchange ◽

Social Performance ◽

Rhetorical Strategies ◽

Manufacturing Companies ◽

Positive Effects ◽

Upper Echelons Theory ◽

Corporate Social ◽

The Impact ◽

The Relationship

How can chief executive officers (CEOs) persuade employees to participate in corporate social responsibility (CSR) activities, so as to enhance firms’ corporate social performance (CSP)? The purpose of this study is to examine the relationship between CEO rhetorical strategies and firms’ CSP. According to Aristotle’s classification, we divide CEO rhetorical strategies into three categories: pathos, ethos, and logos, using the text analysis method. We apply a Probit model to predict whether CEOs use rhetorical strategies and then adopt fixed-effect multiple regression models to measure the impact of various rhetorical strategies on CSP. An empirical analysis based on data on the listed manufacturing companies in the Shanghai Stock Exchange and Shenzhen Stock Exchange from 2014 to 2016 shows that both CEO pathos strategy and CEO logos strategy have positive effects on CSP; however, the relationship between the CEO ethos strategy and CSP is not significant. Our findings contribute to upper echelons theory and CSR research and provide suggestions for CEOs to apply proper rhetorical strategies.

Does board diversity influence firms’ corporate social responsibility reputation?

Social Responsibility Journal ◽

10.1108/srj-04-2020-0143 ◽

2020 ◽

Vol ahead-of-print (ahead-of-print) ◽

Author(s):

Caroline C. Hartmann ◽

Jimmy Carmenate

Keyword(s):

Social Responsibility ◽

Socially Responsible ◽

Board Diversity ◽

Content Type ◽

Positive Effects ◽

Social Reputation ◽

Global Companies ◽

Corporate Social ◽

Purpose Board diversity positively impacts corporate social responsibility (CSR); however, there is limited evidence on how board diversity affects the reputation of organizations that are involved in CSR. The purpose of this paper is to examine the effect board diversity has on socially responsible firms’ corporate social responsibility reputation (CSRR). The authors specifically examine this relationship because an organization’s corporate reputation may be very different to its CSRR gained through engagement in socially responsible activities. Design/methodology/approach The authors use the CSR reputation scores for the top 100 most socially responsible global companies provided by the RepTrak Database as a measure of CSRR. Board diversity measures are calculated for gender, ethnicity and education to measure their impact on social reputation. The sample for this study consists of 146 observations for the period 2013–2017. Findings The authors find a significant and positive relation between having a combination of women and ethnically diverse members on the board and firms’ CSRR. The authors also find a significant positive effect on CSRR when the board is composed of women and educationally diverse members. Research limitations/implications Board diversity characteristics continue to impact organizations’ decision-making processes and their involvement in CSR activities as public stakeholders demand greater representation of females and minorities on the board. Because research on board diversity is in its infancy, the authors urge scholars to continue to investigate the impact board diversity has on an organization’s motivation to be socially responsible as well as how it affects their CSRR. Practical implications The findings of this study highlight the importance stakeholders place on an organization’s social responsibility reputation and the positive effects of board diversity in managing their CSRR. Social implications The findings provide evidence that the composition of the board can influence a company’s engagement in CSR activities and their CSRR as perceived by its stakeholders. Originality/value This study contributes to the CSR literature by introducing the concept of CSRR. To the best of the authors’ knowledge, this study also extends research in the diversity literature by examining the relationship between board diversity variables and an organization’s CSRR. The findings highlight the importance of having a diverse board composed of ethnically and educationally varied individuals and provide evidence of a link between organizations’ involvement in socially responsible activities and their CSRR.

Corporate social responsibility and stock price crash risk

Managerial Finance ◽

10.1108/mf-10-2015-0278 ◽

2016 ◽

Vol 42 (10) ◽

pp. 963-979 ◽

Cited By ~ 13

Author(s):

Ming-Te Lee

Keyword(s):

Corporate Governance ◽

Social Responsibility ◽

Stock Price ◽

Crash Risk ◽

Least Squares Regression ◽

Content Type ◽

Empirical Results ◽

Corporate Social ◽

Purpose The purpose of this paper is to test opposing views of the relationship between corporate social responsibility (CSR) and stock price crash risk in a major Asian emerging stock market. Design/methodology/approach This paper suggests an endogenous relationship between CSR and stock price crash risk. Hence, this paper uses two-stage least squares regression analysis to address the bias and inconsistency associated with endogeneity issues. Moreover, previous studies argue that the level of effectiveness of corporate governance significantly affects firm-specific stock price crash risk. Thus, this paper further divides the overall sample into two sub-samples according to the median of the corporate governance index. Furthermore, this paper investigates the impact of CSR on stock price crash risk under corporate governance. Findings The empirical results show that CSR significantly mitigates Taiwanese stock price crash risk. This finding is consistent with the notion that socially responsible Taiwanese firms commit to a higher standard of transparency and engage in less bad news hoarding, thus reducing crash risk. The empirical results also show that CSR has a more pronounced effect in mitigating crash risk for Taiwanese firms with less effective corporate governance. Originality/value The study findings indicate that CSR plays a more important role in reducing crash risk for Taiwanese firms with weak governance mechanisms.

Fiscal policy, institutions and inclusive growth: evidence from the developing Asian countries

International Journal of Social Economics ◽

10.1108/ijse-08-2018-0419 ◽

2019 ◽

Vol 46 (6) ◽

pp. 822-837

Author(s):

Samina Sabir ◽

Meshal Qamar

Keyword(s):

Fiscal Policy ◽

Growth Process ◽

Government Expenditures ◽

Inclusive Growth ◽

Asian Countries ◽

Lower Segment ◽

Content Type ◽

Empirical Results ◽

Positive Effects ◽

Purpose The purpose of this paper is to examine the impact of fiscal policy and institutional quality on the inclusive growth process of the selected developing Asian countries. Inclusive growth is a growth process which ensures that everyone is participating and benefited by growth process. Design/methodology/approach This study uses system generalized method of moment to address the problem of endogeneity and omitted variable bias. Findings Empirical results showed that both fiscal policy and institutions have positive effects on inclusive growth. Our empirical results confirmed that fiscal policy can work more efficiently in the presence of good quality institutions in the developing Asian countries. Research limitations/implications Government should take measures to improve infrastructure, roads and transport system, and main share of government expenditures should be allocated to development, education and health projects. There is a need to transform the tax structure of the countries with the huge emphasis on the progressive tax system and this is likely to benefit the lower segment of the population. There is a need to develop institutions as they serve as a road map for the development of a country. There should be coordination between government policies and institutions. Supervision of fiscal policy through good institutions is needed for the proper allocation and utilization of public resources. Practical implications By restructuring the taxation system subject to the provision of quality institutions, government can incentivize entrepreneurs to make significant investments. This creates jobs for lower segment of a society, brings down poverty and increases the income level of a country. This increases the individual and collective welfare of an economy that ensures the inclusive growth within a country. Originality/value In this study, proxies used for fiscal policy are government expenditures and tax revenues as a percentage of gross domestic product (GDP) to examine its impact on the certain measures of inclusive growth such as employment, income inequality and GDP per capita. This study provides useful insights for the policy makers using fiscal policy to achieve the goal of inclusive growth in developing countries.

Effects of Corporate Social Responsibility and Governance on Its Credit Ratings

The Scientific World JOURNAL ◽

10.1155/2014/305452 ◽

2014 ◽

Vol 2014 ◽

pp. 1-6 ◽

Cited By ~ 2

Author(s):

Dong-young Kim ◽

JeongYeon Kim

Keyword(s):

Social Responsibility ◽

Credit Rating ◽

Credit Ratings ◽

Personal Data ◽

Positive Sign ◽

Positive Effects ◽

Corporate Credit ◽

Corporate Social ◽

This study reviews the impact of corporate social responsibility (CSR) and corporate governance on its credit rating. The result of regression analysis to credit ratings with relevant primary independent variables shows that both factors have significant effects on it. As we have predicted, the signs of both regression coefficients have a positive sign (+) proving that corporates with excellent CSR and governance index (CGI) scores have higher credit ratings and vice versa. The results show nonfinancial information also may have effects on corporate credit rating. The investment on personal data protection could be an example of CSR/CGI activities which have positive effects on corporate credit ratings.

The Impact of Proactiveness in Enhancing Marketing Performance

Iraqi Administrative Sciences Journal ◽

10.33013/iqasj.v1n3y2017.pp177-205 ◽

2017 ◽

Vol 1 (3) ◽

pp. 217-255

Author(s):

Amla Mohsen Naji ◽

Muayed Ahmed Lammz

Keyword(s):

Social Responsibility ◽

Human Resources ◽

Statistical Population ◽

Empirical Results ◽

Marketing Performance ◽

Significant Difference ◽

This Study Aimed At Investigating The Impact Of Proactiveness On Marketing Performance In Two IT Companies In Iraq. The Statistical Population Include (186) Managers, Supervisors, Employees Of Departments (Marketing, Sales, Social Responsibility, Human Resources, Technical, Financial). Empirical Results And Findings Of The Study Were As Follows: The Two Companies Are Adopting And Practicing Proactiveness. There Is A Significant Impact Of Proactiveness On Their Marketing Performance. The Study Also Showed That There Is Significant Difference Between The Two Companies In Implementing Proactiveness.