scholarly journals Corporate Social Performance: An Assessment Model on an Emerging Market

2020 ◽  
Vol 12 (10) ◽  
pp. 4077
Author(s):  
Cătălina Silvia Crișan-Mitra ◽  
Liana Stanca ◽  
Dan-Cristian Dabija
Keyword(s):  
Corporate Social Performance ◽  
Social Performance ◽  
Emerging Market ◽  
Sustainable Growth ◽  
Assessment Model ◽  
Business Strategies ◽  
Strategy Development ◽  
Managerial Behavior ◽  
Company Strategy ◽  
Corporate Social

This paper investigates the priorities governing large companies in an emerging market regarding corporate social performance (CSP). The authors propose profile patterns of responsible managerial behavior and a framework for evaluating CSP relying on stakeholder theory. The study relies on a statistical analysis which is designed to examine the significance of corporate social responsibility (CSR) practice as it emerges from company business strategies. Taking the form of an empirical study involving 87 managers, this work relies on the cluster analysis theory, identifying six behavioral patterns when considering CSR practices: “lethargic”, “compliant, “pragmatist”, “auditor”, “formalist”, and “performer”. The cluster typology indicates the complexity of CSR practices and highlights the role of CSR in company strategy development. The proposed assessment model is intended to empower CSP diagnosis, while supporting management towards achieving sustainable growth.

Corporate social performance: why it matters? Case of Taiwan

2014 ◽  
Vol 8 (4) ◽  
pp. 704-716 ◽  
Author(s):  
Shihping Kevin Huang ◽  
Chih-Lung Yang
Keyword(s):  
Corporate Social Performance ◽  
Manufacturing Sector ◽  
Social Performance ◽  
Empirical Relation ◽  
Business Strategies ◽  
Analysis Tool ◽  
Content Type ◽  
Statistical Analysis Tool ◽  
Economic Journal ◽  
Corporate Social

Purpose – The objective of this article is to explore the relationship between corporate social performance (CSP) and corporate financial performance (CFP) of firms in Taiwan, as the empirical evidence of Taiwan firms is scarce. Design/methodology/approach – This paper studies the empirical relation between CSP and CFP using a sample of 71 Taiwan-based companies during 2005-2011. CSP data are a composite of two Taiwan’s CSP ratings, and CFP data are retrieved from Taiwan Economic Journal database. Two control variables, R&D investment (R&D) and industry type (IND), are included in our models. The multiple regression is used as a statistical analysis tool. Findings – Our findings indicate a significantly positive CSP–CFP relationship of firms in Taiwan. Furthermore, our study reveals that the CSP in the non-manufacturing sector is more highly related with CFP than the case in the manufacturing sector in Taiwan. Originality/value – First, Our findings are consistent with the majority of recent research and are supported by the stakeholder theory. The paper argues that Taiwan firms should incorporate CSP into their business strategies for improving their competitive advantages. Second, our findings argue that Taiwan firms in the manufacturing sector should learn the best CSP practices from firms in the non-manufacturing sector to maintain and enhance their sustainability. Third, this paper extends the subject study of Taiwan scenario, and it is the first paper combining two CSP local ratings as the proxy for the CSP measure.

scholarly journals Corporate Social Performance and Firm Performance: Comparative Study among Developed and Emerging Market Firms

2019 ◽  
Vol 12 (1) ◽  
pp. 26 ◽  
Author(s):  
Irene Wei Kiong Ting ◽  
Noor Azlinna Azizan ◽  
Rajesh Kumar Bhaskaran ◽  
Sujit K Sukumaran
Keyword(s):  
Firm Performance ◽  
Best Practice ◽  
Corporate Social Performance ◽  
Social Performance ◽  
Emerging Market ◽  
Valuation Effects ◽  
Thomson Reuters ◽  
Emerging Market Firms ◽  
Corporate Social ◽  
The Impact

This study examines the impact of firms’ environmental, social and governance (ESG) initiatives on financial performance. It also compares the valuation effects of corporate social performance initiatives in developed and emerging market firms. The study was based on ESG ranking scores in the Thomson Reuters database, and the sample comprised 1317 emerging market firms and 3569 developed market firms. In comparison with developed market firms, emerging market firms had higher ESG combined scores, ESG Controversy scores, category scores of resources use, workforce, human rights and corporate social responsibility strategy scores. This study finds that stakeholder initiatives positively impact valuation effects, based on all sample results. Firm-generated controversies may decrease valuation effects in the stock market. Results indicated that ESG initiatives have a significant positive to the firm performance. The presence of independent board members and ownership by investors is a positive determinant for value creation. The adoption of best practice corporate governance principles is an important determinant of the valuation of firms. Firms’ propensity to use defence mechanisms decreases valuation effects. Developed market firms received positive valuation effects due to ESG initiatives.

Corporate Social Performance and Investment Decision

2017 ◽  
Vol 18 (1) ◽  
pp. 9-44
Author(s):  
Doocheol Moon ◽  
Seungwha Chung ◽  
Hyunjung Choi
Keyword(s):  
Corporate Social Performance ◽  
Social Performance ◽  
Investment Decision ◽  
Corporate Social

A Special-Purpose Taxonomy of Corporate Social Performance Concepts

2001 ◽  
Vol 1 (1) ◽  
pp. 42-72 ◽  
Author(s):  
Brett A. Stone
Keyword(s):  
Mutual Fund ◽  
Corporate Social Performance ◽  
Social Issues ◽  
Social Performance ◽  
Socially Responsible ◽  
Fund Managers ◽  
Responsible Investing ◽  
Research Areas ◽  
Socially Responsible Mutual Funds ◽  
Corporate Social

The first iteration of a nonstatic special-purpose taxonomy of corporate social performance concepts is developed from a mailed, self-administered survey completed by managers of U.S. socially responsible mutual funds. The study combines the traditionally disparate research areas of Corporate Social Performance and Socially Responsible Investing. As a partial update of Rockness and Williams (1988), a descriptive account is presented of what mutual fund managers regard as the social issues that constitute corporate social performance. The resulting taxonomy represents an empirically derived framework useful in considering social accounting in general and accounting standard setting in particular.

Sign in / Sign up

Export Citation Format

Share Document