From the philosophy of corporate social responsibility to the market and political realities of ESG

2022 ◽  
pp. 6-11
Author(s):  
A. V. Chechulin ◽  
S. N. Malyavin ◽  
A. V. Legostev 
Keyword(s):  
Twentieth Century ◽  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
International Business ◽  
Moral Obligation ◽  
Social Obligation ◽  
The Usa ◽  
Corporate Social ◽  
Political Realities ◽  
Reputational Costs

The theory of corporate social responsibility, ideologically formed in the USA in the second half of the twentieth century, significantly influenced both the practice of international business and the views of scientists in the field of economics and sociology. The moral obligation of corporations to participate in solving social problems, in charity, educational and cultural projects began to be perceived as something ordinary, as a kind of voluntary social tax. At the same time, representatives of a number of economic schools have long criticized this approach, believing, firstly, that the principal goal of big business is the growth of shareholders’ capital, and secondly, such a social obligation looks very amorphous, assuming only reputational costs for an entrepreneur in case of his evasion from the implementation of CSR programs. In our opinion, the situation is currently changing dramatically. This approach is being radically transformed under the influence of ESG ideas and practices, whose standards become structured and mandatory for companies in case of their access to premium markets.

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.

Apparel firms’ corporate social responsibility communications

2015 ◽  
Vol 28 (1) ◽  
pp. 37-55 ◽  
Author(s):  
Hongjoo Woo ◽  
Byoungho Jin
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Social Issues ◽  
Content Type ◽  
Csr Communication ◽  
Study Approach ◽  
Csr Reporting ◽  
The Usa ◽  
Managerial Implications ◽  
Corporate Social

Purpose – Corporate social responsibility (CSR) communication is a strategy to address companies’ goodwill to the society. Based on the institutional theory suggesting the influence of environmental factors of companies’ country-of-origins on their marketing practices, the purpose of this paper is to explore and compare the CSR communication practices of apparel firms from different countries. Design/methodology/approach – As a case study approach, this study investigates six apparel firms’ CSR communication disclosures on the official websites using a content analysis method and the Global Reporting Initiative’s categorial CSR reporting guidelines. Findings – Findings revealed that the six firms’ CSR communication adoption levels and focusses varied; the USA firms largely focussed on labor issues, while the European firms focussed on environmental issues and the Asian firms centered on social issues. Research limitations/implications – Although this study has limitations that pertain to case studies in general, this study provides academic contributions to the literature and managerial implications about different CSR focusses and communication activities across countries. Originality/value – CSR is especially important for the apparel business that highly involves social issues such as labor-intensive production. However, limited research showed how apparel firms are actually communicating CSR. This study was one of the early attempts on this topic.

3. National and international developments

2014 ◽  
Author(s):  
Jeremy Moon
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
International Development ◽  
Cultural Economic ◽  
Regulatory Frameworks ◽  
The Usa ◽  
Corporate Social

‘National and international developments’ compares national approaches to corporate social responsibility (CSR), particularly between the USA and Europe, but also within Asia and Africa, and in so doing also identifies factors in the international development of CSR among these and other countries. CSR was first established in the USA, where the concept of specific company level responsibilities emerged both as a management and an academic concept, reflecting related cultural, economic, and political themes. The concept has not been simply exported; rather it has been adapted to different national ethical and regulatory frameworks in which assumptions and systems of responsibility are framed.

Corporate governance and financial characteristic effects on the extent of corporate social responsibility disclosure

2014 ◽  
Vol 10 (4) ◽  
pp. 569-590 ◽  
Author(s):  
Grigoris Giannarakis
Keyword(s):  
Corporate Governance ◽  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Chief Executive ◽  
Financial Leverage ◽  
Content Type ◽  
The Usa ◽  
Financial Characteristics ◽  
Csr Disclosure ◽  
Corporate Social

Purpose – This study aims to investigate the relationship between corporate governance and financial characteristics and the extent of corporate social responsibility (CSR) disclosure in the USA. These corporate governance and financial characteristics are the board meetings, average age of board members, presence of women on the board, the board’s size, chief executive officer duality, financial leverage, profitability, company’s size, board composition and board’s commitment to CSR. Design/methodology/approach – The sample consists of 100 companies from the Fortune 500 list for 2011. The environmental, social and governance disclosure score calculated by Bloomberg is used as a proxy for the extent of CSR disclosure. A multiple linear regression was incorporated to investigate the association of corporate characteristics with CSR disclosure. Findings – Results indicate that the company’s size, the board commitment to CSR and profitability were found to be positively associated with the extent of CSR disclosure, while financial leverage is related negatively with the extent of CSR disclosure. Research limitations/implications – The research is based only on the presence or absence of CSR items in CSR disclosure, and it ignores the quality dimension which can lead to misinterpretation. The results should not be generalized as the sample was based on US companies for 2011. Originality/value – The study assists stakeholders to identify US companies through the extent of CSR disclosures which contributes to the understanding of determinants of CSR disclosure to improve the implementation of disclosure guidelines.

Padico Holding: Developing Responsiveness through Corporate Social Responsibility

2013 ◽  
Vol 12 (5-6) ◽  
pp. 590-596 ◽  
Author(s):  
Dahouk Dawoudi ◽  
Anton Sabella
Keyword(s):  
Corporate Social Responsibility ◽  
Business Ethics ◽  
Social Responsibility ◽  
Arab World ◽  
Wide Range ◽  
The Usa ◽  
Stakeholder Model ◽  
Kant's Ethics ◽  
Corporate Social ◽  
Do So

AbstractThe field of business ethics is an area of growth, both in the business and education sectors in the Arab world, including Palestine. But most research on this subject has been carried out in the USA and Europe, which gives most of the issues related to this field a distinctively American or European character. As an alternative, this case attempts to shed the light on a wide range of socio-economic, educational and business issues that are typically encountered in Palestine and to explain innovative approaches to resolving key dilemmas related to resolving the skill shortage that affects the competitiveness of Palestinian enterprises. It will do so by looking at Padico Holding, a pioneer in developing a creative program adapted to the enterprise sector’s needs. The case draws its analysis from international theories and concepts by explaining Padico’s sense of responsibility towards community inspired by Kant’s ethics of duty, which is demonstrated in its business societal orientation built around the “stakeholder model.”

scholarly journals A Decade of Impact: A JEEMS Bibliometric Science Map

2020 ◽  
Author(s):  
Matevz Raskovic ◽  
Davor Vuchkovski
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
International Business ◽  
Future Research ◽  
Culture Studies ◽  
Research Directions ◽  
East European ◽  
Future Research Directions ◽  
Corporate Social ◽  
The Impact

<p>This bibliometric research note analyses the impact of the Journal of East European Management Studies (JEEMS) since its SSCI indexation. We analyse 91 papers in English, showing that most papers are country and/or case specific, with a large majority of papers associated with the international business discipline. The strongest contributions have been made to the general international business literature and the literature on corporate social responsibility, as well as culture studies. We identify several gaps and outline future research directions. </p>

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