Corporate Social Responsibility in Hospitals: Need for Transparent CSR Initiatives for Internal and External Stakeholders

Think India ◽  
2014 ◽  
Vol 17 (1) ◽  
pp. 1-7
Author(s):  
Vedantam Leela
Keyword(s):  
Social Responsibility ◽  
Profit Maximization ◽  
Healthcare Sector ◽  
Medical Procedures ◽  
Healthcare Industry ◽  
External Stakeholders ◽  
Good For ◽  
Social Environmental ◽  
Corporate Social ◽  
Strategic Balance

Social Responsibility initiatives are the indispensible strategies for governance and this applies equally well in the field of Corporate framework also. In the recent times, the corporate houses other than healthcare industry, evidently demonstrated that strategic balance among social, environmental, and commercial goals can be accomplished. Corporate hospitals contemporary functioning rests on the anarchic assumptions that healthcare industry functions on the notion that what is good for patients or society cannot be good for business. At a time when patients are overexposed to medical procedures and medical treatment is within the reach of affordability of only those who are well insured, there arises a question,is it not essential for corporate hospitals to adopt CSR initiatives. An important corollary question, that also needs to be examined, is whether and for what reasons CSR initiatives must be nurtured by Corporate Hospitals. Drawing up from the existing research studies on CSR in corporate hospitals in Indian scenario i.e., corporate hospitals and healthcare sector, this paper (i) undertakes a thorough examination of the CSR initiatives needs a thorough examination, (ii) examines the implications of modelling of CSR in corporate hospitals so as to create a right balance between their social and economic objectives, (iii) to this extent, the paper hypothesizes that (a) employee costs of corporate hospitals may positively increase due to CSR initiatives, (b) profit maximization i.e. positive increases due to CSR initiatives, and (c) the degree of workforce efficiency positively increases sales turnover due to CSR initiatives.

scholarly journals Stakeholder Expectation of Corporate Social Responsibility Practices: A Case Study of PWiK Rybnik, Poland

Energies ◽  
2021 ◽  
Vol 14 (11) ◽  
pp. 3337
Author(s):  
Aleksandra Kuzior ◽  
Józef Ober ◽  
Janusz Karwot
Keyword(s):  
Quality Of Life ◽  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Water Supply ◽  
Research Problem ◽  
Point Of View ◽  
Educational Activities ◽  
External Stakeholders ◽  
Corporate Social

Practices of corporate social responsibility (CSR), especially in organizations providing key services, related to the supply of fuel, water and energy, are extremely important from the point of view of identifying stakeholders with the functioning of enterprises in line with the principles of a closed loop economy. The article discusses the origins and evolution of the concept of corporate social responsibility, with particular emphasis on the water supply and sewage industry. The research problem was the perception and expectations of stakeholders toward prosocial activities of PWiK Rybnik (Sewage and Water Supply Ltd. Rybnik). The hypothesis assumed in the study was that the external stakeholders of PWIK Rybnik positively assess the company’s involvement in the tasks carried out as part of corporate social responsibility, they notice the involvement in educational activities and additional initiatives of PWIK that improve the quality of life of its inhabitants. For the purpose of this study, a quantitative method was used. For the purpose of the survey, the authors’ questionnaire “Survey of customers’ opinions on the activities undertaken by PWiK Rybnik” was created. The surveys conducted confirmed the hypothesis that the external stakeholders of PWIK Rybnik positively assess the company’s involvement in the tasks performed as part of corporate social responsibility; they notice the involvement in educational activities and additional initiatives of PWIK that improve the quality of life of its inhabitants. The results of the research made it possible to formulate guidelines for the operation of water supply and sewage companies in accordance with corporate social responsibility in the light of the opinions of their stakeholders.

scholarly journals Strategic Green HRM – The Integration of Environmental Management into HRM with reference to one of the Healthcare Industry

2017 ◽  
Vol 6 (1) ◽  
pp. 85 ◽  
Author(s):  
Shikha Yadav
Keyword(s):  
Environmental Management ◽  
Corporate Social Responsibility ◽  
Corporate Sustainability ◽  
Sustainable Use ◽  
Healthcare Sector ◽  
Healthcare Industry ◽  
Business Organisation ◽  
Use Of Resources ◽  
Pharmaceutical Industries ◽  
Corporate Social

<div><p><em>This paper studies one of the healthcare industry of India “Sun Pharmaceutical Industries Limited” which is ranked at 352 amongst the world’s largest 500 companies on corporate sustainability and environmental impact according to Newsweek in 2016. Sun Pharmaceutical Industries limited is the only company in the healthcare sector in India which has been listed as one of the Green companies in India. This paper mainly focuses on understanding and analysing the Green initiatives as a part of Corporate social responsibility (CSR) taken by the company which makes it the green company in India in Healthcare sector. </em></p></div><em>The green scores of the company has also increased by 4% compared to the previous year (2015), which shows that the company is always striving to incorporate strategic Green HRM. Strategic Green HRM is one of the growing innovative approaches which promotes the sustainable use of resources of the business organisation and thus integrates environmental management into HRM.</em>

Conscience as control – managing employees through CSR

Organization ◽  
2013 ◽  
Vol 20 (3) ◽  
pp. 394-415 ◽  
Author(s):  
Jana Costas ◽  
Dan Kärreman
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Qualitative Data ◽  
Social Issues ◽  
Management Control ◽  
Critical Engagement ◽  
Management Consultancy ◽  
External Stakeholders ◽  
Corporate Social

Corporate social responsibility has become an important topic for both academics and practitioners. CSR typically stands for corporate responses to ethical, environmental and social issues. Whilst extant research has predominately focused on CSR in relation to external stakeholders and taking a macro-institutional and/or functionalist perspective, we provide a critical engagement with the interactions between CSR, employees and management control within organizations. Qualitative data gathered at two management consultancy firms demonstrate how CSR discourses and practices serve to construct an idealized image of a socially, ecologically and ethically responsible corporate self. In this way, CSR works as a form of aspirational control that ties employees’ aspirational identities and ethical conscience to the organization. The article discusses the implications of CSR concerning cynical distancing, ethical sealing and the space for politics and critique in corporations.

CORPORATE SOCIAL RESPONSIBILITY AS A TOOL FOR IMPLEMENTING SUSTAINABLE CONSUMPTION AND PRODUCTION

2020 ◽  
Vol 21 (4) ◽  
pp. 9-27
Author(s):  
Elżbieta Lorek
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Business Strategy ◽  
Sustainable Consumption ◽  
Innovation Potential ◽  
Production And Consumption ◽  
Sustainable Consumption And Production ◽  
Social Environmental ◽  
Ethical Risk Management ◽  
Corporate Social

The aim of the article is to demonstrate the relationship between the concepts of corporate social responsibility and sustainable production and consumption. CSR helps the organization increase efficiency and credibility, engage in dialogue and engage stakeholders in cooperation, as well as identify social, environmental and ethical risk management. The implementation of CSR requires a comprehensive change in the functioning of the enterprise. Companies that have implemented CSR should, above all, transparently inform consumers about their products, i.e. implement the principles of the European product policy and the guidelines of sustainable consumption and production. The implementation of CSR principles into the company’s business strategy is conducive to building a long-term competitive advantage and relations with the social environment of companies and its stakeholders. For companies that adhere to the principles of CSR, this helps to effectively use the instruments of sustainable consumption and production and thus contribute to sustainable development while increasing European innovation potential and European competitiveness.

CSR in China

2017 ◽  
pp. 258-275
Author(s):  
Ruth Wolf ◽  
Monica Thiel
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Economic Resources ◽  
Global Markets ◽  
Socially Responsible ◽  
The West ◽  
General Managers ◽  
Social Environmental ◽  
Corporate Social ◽  
Firm Governance

This chapter presents challenges in China's governance outlook within a Corporate Social Responsibility (CSR) analysis of China's social, environmental and economic resources and potential impacts in other countries. The purpose of this article sheds light of how CSR in China is emerging as a doorway to a) promote understanding of changes in firm governance for general managers through state and corporate socially responsible practices and b) to explain that preserving the environment and preventing pollution is necessary if China would like to trade with the West and enter global markets with other countries that place importance of governance and CSR principles.

scholarly journals Corporate Governance and Disclosure of Information on Corporate Social Responsibility: An Analysis of the Top 200 Universities in the Shanghai Ranking

2020 ◽  
Vol 12 (4) ◽  
pp. 1549 ◽  
Author(s):  
Raquel Garde Sánchez ◽  
Jesús Mauricio Flórez-Parra ◽  
María Victoria López-Pérez ◽  
Antonio Manuel López-Hernández
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Stakeholder Participation ◽  
Disclosure Of Information ◽  
Shanghai Ranking ◽  
And Gender ◽  
Social Environmental ◽  
Csr Disclosure ◽  
Transparency And Disclosure ◽  
Corporate Social

Corporate Social Responsibility (CSR) and its disclosure in the university environment is a topic of current relevance, as it makes the entities’ commitments visible and provides indicators that enable them to improve the institution management and communication with stakeholders. The goal of this study is to determine to what extent the structure and mechanisms for governance and the demands of stakeholders influence policy for disclosing CSR information, both in general (more related to a strategic perspective) and specifically (more focused on specific social, environmental, economic, and educational issues). The results of our analysis of a sample of the top 200 universities in the Shanghai Ranking show no association of the profile and gender of the university’s rector and frequency of board meetings with CSR disclosure policy, but leadership team, the size of governance board, committees in the governance board and stakeholder participation are factors determining disclosure of information on matters of CSR. The results show that proximity to the day-to-day, diversification of functions, and communication with interest groups are crucial to transparency and disclosure of CSR information.

Corporate Social Responsibility in the Agri-Food Sector

2020 ◽  
pp. 37-68
Author(s):  
Gheorghe Zaman ◽  
Mirela Clementina Panait ◽  
Marian Catalin Voica ◽  
Corina Ene
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Health Sector ◽  
Profit Maximization ◽  
Food Contamination ◽  
Food Sector ◽  
Food Education ◽  
The One ◽  
Corporate Social ◽  
The Impact

Sustainable development is desired not only for public institutions but also for private companies that have realized the importance of sustainable management of limited resources available to mankind. The activity of large transnational corporations is not guided only by the principle of profit maximization, but also by corporate social responsibility (CSR). This chapter focuses on CSR programs run by agri-food companies taking into account the particularities of their activity and the importance of the consumers` behavior to improve the activity of companies in the CSR area. On the one hand, making profits is a desideratum of any company, but on the other hand, companies in the agri-food sector must also ensure the observance of the food safety principles and consumer protection. This is also demonstrated by the major implications of the scandals generated by food contamination with various bacteria or chemicals. Consumer force shapes the activity of these companies, and intense competition leads the managers of these companies to run various CSR programs that eventually lead to increased visibility of the firm and to improving economic indicators. The objective of the chapter is to establish the specificities of the agri-food sector companies. These companies have a high responsibility taking into account the impact of food consumption on the health of the population in the short, medium, and long term and the consequences of this situation on the investments that had to be made in the health sector. The final consumer is a force that sanctions the inappropriate behavior of food producers, but he/she must have a good food education in order to be able to remodel the activity of agri-food companies.

The impact of corporate social responsibility (CSR) knowledge on corporate financial performance: evidence from the European banking industry

2019 ◽  
Vol 23 (1) ◽  
pp. 110-134 ◽  
Author(s):  
Francesco Gangi ◽  
Mario Mustilli ◽  
Nicola Varrone
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Financial Performance ◽  
Banking Industry ◽  
Content Type ◽  
External Stakeholders ◽  
Citizenship Performance ◽  
European Banking ◽  
Corporate Social ◽  
The Impact

PurposeAssuming that corporate social responsibility (CSR) is “a process of accumulating knowledge and experience” (Tang et al., 2012, p. 1298), this paper aims to investigate whether and how CSR knowledge (Asif et al., 2013; Kim, 2017) affects financial performance in the European banking industry.Design/methodology/approachThe empirical research analyses a panel of 72 banks from 20 European countries over seven years (2009-2015). The hypotheses were tested using fixed effects regression analysis and the two-stage Heckman model (1976) to address endogeneity bias.FindingsThe findings of this work are twofold. First, consistent with the concept of knowledge absorptive capacity (Cohen and Levinthal, 1990), the internal CSR of banks (Kim et al., 2010) positively affects citizenship performance (Peterson, 2004a). Second, in line with the reputational effect of CSR (Margolis et al., 2009; Bushman and Wittenberg-Moerman, 2012), citizenship performance is a positive predictor of a bank’s financial performance.Practical implicationsFrom a knowledge-based perspective, the analysis shows that accrued internal CSR knowledge plays a key role in implementing effective CSR programs for external stakeholders. Moreover, this study shows how CSR engagement in external initiatives can improve a bank’s competitiveness because of the relationship between citizenship performance and the positive reputation of a bank.Social implicationsThe management of CSR initiatives may favor the sharing of knowledge and creation of trust relationships among banks and internal and external stakeholders. CSR knowledge contributes to expanded value creation for both society and banks.Originality/valueThe knowledge management perspective of CSR provides new insights into the sustainability of banks’ business models and contributes to advancing the debate on the governance modes and effects of CSR. Moreover, the CSR perspective offers additional opportunities for addressing the challenges associated with sharing tacit knowledge within and outside of organizations.

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