scholarly journals Consequences of Social and Environmental Corporate Responsibility Practices: Managers’ Perception in Mozambique

2022 ◽  
Vol 10 (1) ◽  
pp. 4
Author(s):  
Eulália Madime ◽  
Tiago Cruz Gonçalves
Keyword(s):  
Environmental Performance ◽  
Structural Equation ◽  
Financial Incentive ◽  
Social Performance ◽  
Community Support ◽  
Environmental Practices ◽  
The Social ◽  
Social And Environmental Performance ◽  
Corporate Social ◽  
The Relationship

The objective of this paper is to analyze the relationship between the social and environmental practices of Corporate Social Responsibility (CSR), and the economic–financial, social, and environmental performance in Mozambican companies, from the managers’ perspectives. The data were collected from a sample of 227 companies through a survey questionnaire. We used structural equation modelling to analyze how the managers correlate the different social and environmental practices with performance at the financial, social, and environmental levels. The results showed that the relationship between all major components of the social and environmental practices, and the economic–financial, social, and environmental performance is positive but insignificant with the exception of the social practices of community support, which has a weak relationship with the economic–financial performance, environmental performance, and social performance, as well as the environmental practices. The data indicate that there is a need for strengthening the appropriate economic–financial incentive policies and strategies for the agents who promote good CSR practices in the country, in order to obtain satisfactory, measurable, and comparable economic–financial, social, and environmental performance.

scholarly journals CSR Strategic Approach, Financial Resources and Corporate Social Performance: The Mediating Effect of Innovation

2018 ◽  
Vol 10 (10) ◽  
pp. 3611 ◽  
Author(s):  
Pasquale Ruggiero ◽  
Sebastiano Cupertino
Keyword(s):  
Corporate Social Performance ◽  
Social Performance ◽  
Critical Factor ◽  
Mediating Effect ◽  
Financial Resources ◽  
Innovation Activities ◽  
Strategic Approach ◽  
Social And Environmental Performance ◽  
Corporate Social ◽  
The Relationship

Given the current undefined relational effect between corporate financial performance (CFP) and corporate social performance (CSP) and the potentially myopic behavior of managers, this paper answers the call from some scholars to contribute towards a better understanding of the relationship between CFP and CSR. Different from other papers, it does so by analyzing the role of innovation activities as a mediator between CFP and CSR, applying a regression and mediation analysis between firms’ financial resources, innovation initiatives, and social and environmental performance. The results demonstrate that innovation is a critical factor in the relationship between CFP and corporate social performance (CSP) as it enables organizations to respond to new economic, social and environmental challenges faster and better than organizations that are not able to innovate. Therefore, the investment of financial resources in innovation initiatives is one of the most important levers to pursue and to increase CSP.

scholarly journals Corporate Social Responsibility & Market Volatility: Relationship and Trading Opportunities

2017 ◽  
Vol 10 (5) ◽  
pp. 1
Author(s):  
Vasiliki A. Basdekidou ◽  
Artemis A. Styliadou
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Social Performance ◽  
Environmental Aspects ◽  
Socially Responsible ◽  
Community Activities ◽  
The Social ◽  
The Usa ◽  
Corporate Social ◽  
The Relationship

This article examines the relationship between corporate social responsibility performance (CSR.P) and market trading volatility (MTV) provoking by the release of the non-farm employment payment-reports (NFP) the first Friday each month in the USA. It also discusses the trading opportunities involved in such as volatile environments. Actually, we consider the interaction between the social performance (for environment, employment and community activities) and the financial and trading performance than would be the case for an accumulated functionality in NFP releases. In general, social performance returns are negatively related to trading returns; so, the relatively poor financial and market trading reward (profit), offered by socially responsible ethical ETFs trading the NFP reports, is in accordance to their good social performance regarding employment and environmental aspects. This could be changed if these ethical ETFs incorporate into their arsenal of trading tools a number of CSR.mtv functions (utilities) discussed in this article. Impressively, we find also that considerable bizarre returns are obtained by funds, holding a portfolio of socially least unethical ETFs, involved in short-term or intraday speculations. In this domain, the complex relationship between social, financial and market trading performance, during the NFP “psychological time”, offers great trading opportunities.

scholarly journals Desempenho social e financeiro de pequenas e médias empresas: modelo conceitual de causa e efeito

2016 ◽  
Vol 15 (2) ◽  
pp. 60-70
Author(s):  
Jose Elenilson Cruz ◽  
Rafael Barreiros Porto
Keyword(s):  
Financial Performance ◽  
Corporate Social Performance ◽  
Social Performance ◽  
Empirical Studies ◽  
The Social ◽  
Research Propositions ◽  
Object Of Study ◽  
Corporate Social ◽  
The Impact ◽  
The Relationship

Corporate social performance can be understood as a way to measure the efficiency of interactions between companies and their main stakeholders. This evaluation has led to some steps forward in research and management implications. One of its main issues, which is the study of the relationship between social and financial performance, focuses on traditional joint-stock companies. This fact reveals a gap concerning the object of study in the literature of the area. The importance of investigating small and medium companies (SMCs) lies in their social and economic relevance and also in new evidences these studies may provide. After the theoretical discussion, this study presents a conceptual model composed of research propositions to be tested by future empirical studies that wish to answer the following question: in small and medium companies there are relations of cause and effect between social and financial performance? The test of the proposals suggested can reveal, among other results, the categories of social performance of SMCs most affected by a higher financial performance, as established by the premises of theoretical slack-resources; if the impact of these categories on the financial performance is qualified by way of management, confirming assumptions of the theory good management, or if there are no significant differences between the social performance of SMEs with higher financial performance and SMEs with low financial performance, revealing the existence of non-financial factors also influence social performance.

scholarly journals Corporate Social Responsibility and Banks’ Financial Performance

2018 ◽  
Vol 11 (10) ◽  
pp. 42 ◽  
Author(s):  
Francesco Gangi ◽  
Mario Mustilli ◽  
Nicola Varrone ◽  
Lucia Michela Daniele
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Financial Performance ◽  
Social Performance ◽  
The Social ◽  
Stakeholder Perspective ◽  
European Banking ◽  
Corporate Social ◽  
The Relationship ◽  
Csr Engagement

This study analyzes whether and how corporate social responsibility (CSR) affects the financial performance of the European banking industry. According to agency theory, CSR engagement should be negatively related to financial performance. By contrast, from the stakeholder perspective and according to the resource-based view, CSR should positively impact banks’ financial performance. Over a period of six years (2009-2015) following the explosion of the sub-prime crisis, the econometric estimates of the current study confirm a positive effect of CSR engagement on banks’ financial performance. Net interest income and profitability increase with the increase in social performance. At the same time, CSR is negatively related to non-performing loans. Therefore, in contrast to the trade-off model, our results support a win-win vision of the relationship between the social and financial performance of banks.

Structural equation modelling of the impact of environmental capabilities on competitiveness

2019 ◽  
Vol 68 (1) ◽  
pp. 127-147 ◽  
Author(s):  
Milad Abdelnabi Salem
Keyword(s):  
Structural Equation Modelling ◽  
Environmental Performance ◽  
Structural Equation ◽  
Corporate Environmental Performance ◽  
Mediating Effects ◽  
Environmental Practices ◽  
Content Type ◽  
Industrial Companies ◽  
Equation Modelling ◽  
The Relationship

Purpose The purpose of this paper is to investigate the influence of both environmental practices and corporate environmental performance on competitiveness. It determines the mediating effects of corporate environmental performance on the relationship between environmental practices and competitiveness. Design/methodology/approach This study adopts a cross-sectional survey method. The data were collected from 155 industrial companies from Libya and analysed using structural equation modelling. Findings The results indicate that environmental performance partially mediates the relationship between environmental practices and competitiveness. The mediating effects occur between competitiveness and green conventional practices, organisational practices and stakeholders’ integration. Research limitations/implications The study used a self-reported questionnaire completed by managers in Libyan industrial companies. As such, the survey data might be subject to social desirability. Additionally, the results of the study may be generalised only to a similar environment and stage of development. Practical implications The results can help companies better understand how to improve their current resources base by building incremental capabilities, which, in turn, protect the surrounding environment and enhance their competitiveness. Originality/value This study is the first to have considered the issue of incremental capabilities in the environmental domain, which can contribute significantly to better understanding the role of incremental capabilities in improving the competitiveness of companies. Additionally, it provides empirical evidence on the state-of-art of environmental practices and their consequences in less-developed countries which are characterised by scarcity of research.

Institutional Ownership and Corporate Social Performance in Emerging Economies Multinationals: Evidence from India

2020 ◽  
Vol 13 (2) ◽  
pp. 227-252
Author(s):  
Sandeep Yadav
Keyword(s):  
Institutional Investors ◽  
Multinational Firms ◽  
Corporate Social Performance ◽  
Social Performance ◽  
Institutional Ownership ◽  
Risk Behaviour ◽  
The Social ◽  
Corporate Social ◽  
Institutional Owners ◽  
The Relationship

This study fills the gap in the literature by considering the heterogeneous impact of institutional ownership on various dimensions of corporate social performance (CSP). Using the behavioural risk agency perspective, we argue that the risk behaviour of various institutional owners is not the same towards the CSP. We have taken a balanced panel sample of 61 Indian multinational firms for the span of 2013–2018 to test the proposed hypotheses. Results show a negative association of pressure-sensitive institutional investors’ ownership with social and governance dimensions of CSP. Mutual funds ownership is positively associated with the social and governance dimensions of CSP. Foreign institutional investors ownership has no significant impact on CSP. We found that the environmental dimension of CSP is ignored by institutional owners. The moderating effect of firm internationalisation on the relationship between institutional ownership and CSP is also examined.

Board composition, sustainability committee and corporate social and environmental performance in Australia

2018 ◽  
Vol 30 (4) ◽  
pp. 517-540 ◽  
Author(s):  
Pallab Kumar Biswas ◽  
Mansi Mansi ◽  
Rakesh Pandey
Keyword(s):  
Environmental Performance ◽  
Small Sample Size ◽  
Positive Association ◽  
Small Sample ◽  
Gender Composition ◽  
Board Independence ◽  
Content Type ◽  
Social And Environmental Performance ◽  
Corporate Social ◽  
The Relationship

PurposeThe purpose of this study is to examine the impacts of board gender composition, board independence and the existence of a board sustainability committee on the corporate social and environmental performance of Australian firms.Design/methodology/approachThe dataset comprises 2,188 Australian Securities Exchange listed firm-year observations (407 individual firms) from 2004 to 2015. The ASSET4 environmental, social and governance database is used to measure corporate social and environmental performance and their sub-dimensions.FindingsOur results show that firms with higher board gender composition, greater board independence and sustainability committees tend to have better social and environmental performance. This paper also provides empirical evidence of the positive association of these variables on the sub-dimensions of social and environmental performance. The results are robust after controlling for self-selection and various forms of endogeneity.Originality/valueThis is the first study that examines the relationship between sustainability committees and corporate social and environmental performance in the context of Australia. This study also overcomes the relatively small sample size and shorter study period issues of similar studies in Australia that provide inconclusive evidence on the relationship between each of board gender composition, board independence and corporate social and environmental performance.

scholarly journals The social and environmental drivers of corporate credit ratings: international evidence

2020 ◽  
Vol 13 (3) ◽  
pp. 1343-1415
Author(s):  
Gregor Dorfleitner ◽  
Johannes Grebler
Keyword(s):  
North America ◽  
Environmental Performance ◽  
Risk Mitigation ◽  
Social Performance ◽  
Credit Ratings ◽  
Environmental Drivers ◽  
Performance Variables ◽  
The Social ◽  
Main Driver ◽  
Corporate Social

AbstractWe provide evidence of the exogenous impact of environmental and social performance components on credit ratings in North America, Europe, and Asia. In particular, the product innovation dimension is clearly identified as being the dominating driver of credit ratings within the environmental performance in every subsample region. In the social performance dimension, the extent of diversity is a main driver for firms in North America and Europe, but due to cultural reasons, not in Asia. Our results show that the risk mitigation view holds for all significant corporate social or environmental performance variables, but the magnitude of impact differs regionally.

Interdependence among dimensions of sustainability

2018 ◽  
Vol 29 (3) ◽  
pp. 406-415 ◽  
Author(s):  
Sandeep Kumar Gupta ◽  
Uday Shanker Racherla
Keyword(s):  
Economic Performance ◽  
Environmental Performance ◽  
Structural Equation ◽  
Partial Least Square ◽  
Equation Modeling ◽  
Industry Data ◽  
Leather Industry ◽  
Content Type ◽  
Social And Environmental Performance ◽  
The Relationship

Purpose The purpose of this paper is to investigate the interdependence among dimensions of sustainability, i.e. economic, social and environmental performance, this study focuses on leading states of the Indian leather Industry. Design/methodology/approach This study followed exploratory research where partial least square (PLS) based structural equation modeling has been used. The states have been selected based on judgmental sampling. The study used unit level data for the leading states of Indian leather Industry − namely, Tamil Nadu (TN), West Bengal and Uttar Pradesh. The study has used Annual Survey of Industry data from 2007-2008 to 2011-2012. The proposed hypotheses have been tested using WarpPLS 5.0 software. Findings The structural equation analysis of unit-wise leather industry data supports a significant bi-directional negative relationship between social performance and economic performance among all the selected states. In contrast, the relationship between economic performance and environmental performance, as expected and supported by many existing theories, has shown a bidirectional positive relationship. However, the relationship between social and environmental performance has shown quite mysterious and mixed trends. TN has depicted significantly negative coefficients, which could be attributed to higher pressure for environmental compliance that might have led to a trade-off between the two to gain cost competitiveness. Research limitations/implications Unavailability of data for many critical indicators is the biggest limitation of this study. Originality/value The sustainability framework proposed in this work is an original contribution of authors to the existing literature. Moreover, this study on the Indian leather industry fills the gap and resolves the mystery of interconnection among the dimensions of sustainability.

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