Study of models of corporate social responsibility and sustainable development

2020 ◽  
Vol 19 (3) ◽  
pp. 317-334
Author(s):  
Vikram Jeet ◽  
Parvesh Kumar Aspal ◽  
Afroze Nazneen
Keyword(s):  
Sustainable Development ◽  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Business Environment ◽  
Business Organizations ◽  
Broad Concept ◽  
Stakeholder Model ◽  
Wide Gap ◽  
Corporate Social

Corporate social responsibility (CSR) is a broad concept, and it has witnessed several versions since its initiation. Without doubt, in the current business and economic scenario, CSR has been gaining momentum; therefore, it is crucial to explore and comprehend the basic responsibility of CSR and sustainable development. It is, therefore, significant to analyse and explore the evolution of CSR throughout the years and link it with sustainable development. The present study analyses and compares the various CSR models based on the order of significance, scope of responsibility, role of philanthropy, CSR–corporate financial performance relationship and attractiveness and its impact on sustainable development. The study reveals that the concept of CSR and sustainable development are steadily stepping towards a unified form, where companies’ commitment towards social obligation brings about practical and exhaustive improvement. It was observed that several models have been proposed and modified, yet there is a wide gap between the concept and practical execution of CSR models due to the different strategies followed by business organizations, which vary from nation to nation depending upon their business environment. The widely accepted stakeholder model suggests that companies should care for the interests of stakeholders, for instance shareholders, traders, consumers, employees and the society, for sustaining its business.

Corporate Social Responsibility of Public Banking Sector for Sustainable Development

2019 ◽  
pp. 467-488
Author(s):  
Naglaa Fathy El Dessouky
Keyword(s):  
Sustainable Development ◽  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Banking Sector ◽  
Developed Countries ◽  
The Sustainable Development ◽  
The Public ◽  
The Developed Countries ◽  
Corporate Social

Corporate Social Responsibility (CSR) has become a significant field of studies to stress the importance of the new role of organizations towards the society for sustainable development. Nowadays, an enormous number of authors have been participating in this field to highlight the responsibility of organizations towards the community, society and the natural environment where they are operating. Despite the growing number of researches related to CSR in the developed countries little empirical studies have been devoted to examine CSR concept and practice in the African countries, the MENA region (Middle-East and North Africa), as well as in the Golf countries. This chapter seeks to study CSR concept and practice in the emerging market economies (EMEs). It will mainly focus on the implementations of CSR by the public banking sector. We will investigate the role of the public banking sector existing in an Arab country in comparison to an Asian country to explain and analyze the similarities and differences of CSR activities in both experiences. In this comparative study we will primarily examine Banque Misr, as one of the oldest and largest public bank in Egypt and the Malayan Banking Berhad (trading as Maybank) as the largest public bank in Malaysia. After a meticulous review of literature, we propose a systemic framework to study CSR practices and policy implementations. We illustrated the CSR as a constant process where all variables are interrelated and are affecting each other in a mutual approach. In this systemic framework we advocated to study all significant variables related to CSR practice as: the history/philosophy development, core-values, CSR adopted definition, motives, key players, approaches, stakeholders focus, sectors of intervention and mechanisms of policy implementations. The chapter concludes that common CSR policies exist between the Malaysian and the Egyptian experience. Nevertheless the Malaysian model has formulated an elaborated and further sophisticated CSR public banking program. Meanwhile, the Egyptian model needs to adopt more global oriented CSR public banking policies, in particular to assure the sustainable development requirements.

scholarly journals Conceptual Framework Performance Contributor from Internal Organizations of Corporate Social Responsibility Activities

2021 ◽  
Vol 2 (1) ◽  
pp. 67
Author(s):  
Gogor Arif Handiwibowo ◽  
Rini Puji Astuti ◽  
Rita Ambarwati
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Conceptual Framework ◽  
Environmental Sustainability ◽  
Business Environment ◽  
Business Organizations ◽  
Performance Factors ◽  
For Profit ◽  
Corporate Social ◽  
The Impact

In this 20th century era, the business environment is more demanding that a business organization not only have a profit orientation. However, aspects of the impact on the environment and surrounding communities must also receive adequate attention in line with the increasing quantity and quality of business organizations. The concept of sustainable development is proposed to be a concept that tries to provide a balanced effect between financial performance factors, community welfare factors and environmental sustainability factors. In balancing the three factors above, CSR (Corporate Social Responsibility) activities of business organizations are expected to be the answer to the stigma that business organizations are only looking for profit. This paper will describe several hypotheses as well as a conceptual framework of factors originating from internal business organizations that have an impact on the performance of CSR activities. There are four factors that are proposed to be a hypothesis from the internal organization that must be fulfilled so that CSR activities show their performance. The four factors are fulfilment of human resources, fulfilment of the business organization's strategic vision, fulfilment of operating system implementation, and fulfilment of the business organization's financial capability.

scholarly journals Corporate Social Responsibility and Sustainable Development: A Study of Commercial Banks in Bangladesh

2019 ◽  
Vol 6 (2) ◽  
pp. 6 ◽  
Author(s):  
Md. Ataur Rahman ◽  
Md. Ashraful Islam
Keyword(s):  
Sustainable Development ◽  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Commercial Banks ◽  
Research Effort ◽  
Business Organizations ◽  
Descriptive Research ◽  
The Government ◽  
Csr Disclosure ◽  
Corporate Social

This paper investigates the practices of Corporate Social Responsibility (CSR) by commercial banks in Bangladesh and the achievement of sustainable development through this practice. The motive of this descriptive research is to look at the framework of CSR areas and contribution by the state-owned and private commercial banks to those areas during 2011-2017. This study reveals that commercial banks contribution in CSR is increasing every year and new CSR areas are being concentrated on by commercial banks as part of their responsibility to the society and more and more focus is being given to important CSR areas to achieve sustainable development. This study also shows that there is a positive relationship between CSR and sustainable development. This research effort suggests that a precise guideline by the government about CSR expenditure, large corporation’s timely involvement in CSR activities and CSR disclosure in the bank’s annual report will fulfill the desired objectives of the business organizations. These will also ensure the successful and sustainable development of the country.These will also ensure successful and sustainable development of the country.                                                    

Effect of transformational leadership on job performance: testing the mediating role of corporate social responsibility

2020 ◽  
Vol 17 (5) ◽  
pp. 605-625
Author(s):  
Jnaneswar K ◽  
Gayathri Ranjit
Keyword(s):  
Transformational Leadership ◽  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Job Performance ◽  
Business Environment ◽  
Full Time ◽  
Content Type ◽  
Mediating Role ◽  
Corporate Social

PurposeEncouraging employees to bolster their performance in today's turbulent business environment is an important priority for all types of organizations. Even though few studies reported the impact of transformational leadership (TL) on job performance (JP), the role of mediators namely corporate social responsibility (CSR) in this relationship is not given due attention. The purpose of this paper is to assess the mediating role of CSR in the relationship between TL and JP in the Indian context.Design/methodology/approachData from 306 full time employees working in the manufacturing industry in India were collected through an online survey. The manufacturing organizations were selected on the basis of their active participation in CSR activities and robustness of HR practices. Three structured questionnaires were used for eliciting data from the employees, and AMOS software was used for testing the validity of the hypothesized model. PROCESS macro was used for testing the mediating role of CSR.FindingsTL impacted both JP and CSR. Additionally, CSR showed a positive relationship with JP of employees. The pivotal finding of the study is the partial mediation of CSR in the TL–JP relationship.Originality/valueBased on neo-charismatic paradigm theory, TL theory, stakeholder theory and social identity theory, this paper enriches the literature by demonstrating the mediation mechanism driving TL and JP relationship.

Revitalizing the Concept of Corporate Social Responsibility with Traditional Indian Wisdom

2016 ◽  
Vol 7 (2) ◽  
Author(s):  
Karanam Nagaraja Rao ◽  
Aswathi Nair
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Business Environment ◽  
Global Perspective ◽  
Global Business ◽  
Ancient India ◽  
Doing Business ◽  
Rig Veda ◽  
Corporate Social

Corporations are legal entities operating within the boundaries of society. They have social responsibility both for business and moral reasons. The responsibility encompasses economic, legal, ethical and philanthropic aspects and in the context of deterritorialised global business environment, the responsibility assumes wider ramifications especially in the context of diminishing role of governments and ascending role of corporations. Corporate Social Responsibility (CSR) is now an offshoot of the realization that corporation is answerable for the consequences of its operations. Ethical way of doing business for social and economic sustainability is inherent in the thinking of seers of ancient India who proclaimed for universal peace and happiness. The essence of CSR can be traced to Rig Veda which pronounced that a person who enjoys himself being totally oblivious of society is taken over by sin. The sense of charity, sacrifice, dharmic way of doing business and the ideas of live and let live permeate throughout the literature of ancient India. The search for spiritual routes strengthens the convictions towards CSR and for preserving the planet for future generations. An attempt is made in this article to discuss the nature of CSR in the global perspective and try to search for the roots in the cultural milieu of ancient India and trying to integrate the ancient Indian spiritual thoughts for the modern arguments favoring corporate responsibility. The intention here is to strengthen the theoretical thought structure with spiritual inputs for better appreciation and promotion of CSR. The aim of the article is to get insights in to ancient wisdom for connecting spiritual linkage to the theoretical edifice of the CSR and hence the methodology is exploratory in nature aiming to understand the concepts in a better way.

CSR Initiatives

2018 ◽  
pp. 187-202
Author(s):  
Ioana Duca ◽  
Rodica Gherghina
Keyword(s):  
Sustainable Development ◽  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Business Environment ◽  
International Level ◽  
Theoretical Approaches ◽  
Points Of View ◽  
Corporate Social

The authors propose an analysis of the corporate social responsibility (CSR) concept together with an emphasis on the role it plays in the context of sustainable development. As this is a concept with a relatively brief history in the Romanian business environment, the authors include references to relevant papers in the specialised literature throughout this chapter. The chapter includes a synthesis of the various theoretical approaches to CSR, an overview of the CSR practices development at national and international level, certain authors' for and against arguments related to generalising these practices, trends regarding CSR practices at international level, as well as an analysis of the CSR practices in Romania. The research conclusions express own points of view on the development of corporate social responsibility initiatives at company level and the related benefits thereof.

Corporate Social Responsibility (CSR) in Hotels in Austria, Pakistan, and Indonesia

2021 ◽  
pp. 263-280
Author(s):  
Muhammad Nawaz Tunio ◽  
Lenny Yusrini ◽  
Ghazala Shoukat
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Social Problems ◽  
Wide Field ◽  
Business Organizations ◽  
Broad Concept ◽  
Educational Involvement ◽  
Corporate Social

The purpose of this study was to contribute to the recent realm of research on COVID-19 to understand how the pandemic affected the business of SME hotels in Austria, Pakistan, and Indonesia, and what strategies and corporate social responsibility (CSR) were implemented by these while working in this crisis time. With reference to the existing situation, talking about the CSR leads to the broad concept of sustainability. It is a wide field focus on academia as well as industry alike. It was observed that scholars and managers are involved in the debate about the responsibilities of trade towards society. Across such debates, CSR of the business in dealing with social problems has been pondered. CSR is associated with the business organizations in order to find their economic, social, political, and educational involvement towards the improvement and development of the staff of the organization, community, and society.

Corporate Social Responsibility and the Fourth Industrial Revolution

2021 ◽  
pp. 57-73
Keyword(s):  
Sustainable Development ◽  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Industrial Revolution ◽  
Fourth Industrial Revolution ◽  
Challenges And Opportunities ◽  
Emerging Issues ◽  
Corporate Social ◽  
Role Of Information

The aim of writing this chapter is to describe the nexus between emerging technology in terms of fourth industrial revolution and corporate social responsibility in the presence of driven challenges and opportunities. This chapter also explains the current implications of the fourth industrial revolution to understand the current challenges, to address and find out opportunities. Similarly, this chapter also analyses that role of information technology overall as a factor of globalization. Furthermore, in term of the emerging issues, which are significant challenges of the world, such sustainable development consists of economic, social, and environmental factors. The discussion reveals that, to achieve sustainable development in the presence of fourth industrial revolution, it is the responsibility of the corporate sector to use all technologies in a socially and economically friendly manner; therefore, the maximum advantages could be derived from its use.

scholarly journals The Rise of Corporate Social Responsibility: A Tool for Sustainable Development for the SMEs in Saudi Arabia

2015 ◽  
Vol 11 (1) ◽  
pp. 54 ◽  
Author(s):  
Muhammad Adnan Khurshid ◽  
Abdullah Mohammed Aldakhil ◽  
Muhammad Moinuddin Qazi Abro ◽  
Alamzeb Aamir ◽  
Omair Mujahid Malik
Keyword(s):  
Sustainable Development ◽  
Saudi Arabia ◽  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Small And Medium Enterprises ◽  
Arab Countries ◽  
Green Economy ◽  
Business Organizations ◽  
Medium Enterprises ◽  
Corporate Social

<p>The Corporate Social Responsibility (CSR) concept is not a new phenomenon for the Small and Medium Enterprises (SMEs) operating in the Saudi Arabia. Saudi Arabian government has taken many initiatives in this regard. Arab forum for Environment and Development (AFED ) in their 2008 report have confirmed that the Arab countries have to shift their focus on the green economy to achieve sustainable development and this is possible if CSR is being successfully implemented in all the business organizations specially SMEs. Therefore, the focus of this paper is to analyze the awareness of SMEs regarding the concept of CSR and their efforts towards the CSR for a greener Saudi Arabia. </p>

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