Corporate Social Responsibility, Stakeholder Perception, and Firm Performance

2015 ◽  
pp. 105-126
Author(s):  
Siva Prasad Ravi
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Natural Resources ◽  
Stakeholder Perceptions ◽  
Revenue Growth ◽  
Lower Performance ◽  
Stakeholder Perception ◽  
Strategic Approach ◽  
Negative Perceptions ◽  
Corporate Social

In the present-day business landscape characterised by global competition, demanding customers and depleting natural resources, Corporate Social Responsibility (CSR) has become an important strategy for corporations for creating competitive advantage. CSR involves a corporation's commitment to align performance (revenue growth and profit) motives with fulfillment of social, ethical, community and environmental obligations. Researchers have found a positive correlation between stakeholder perceptions of firm's CSR performance and financial performance, assuming other factors as constant. In this chapter we study the effect of stakeholder perception of a firm's CSR on the performance of the firm, based on analysis of Wal-Mart's performance from 2001 to 2011. We found that seemingly significant negative perceptions of CSR activities of corporations result in lower performance of the firm. Once formed, changing negative perceptions of stakeholders is often difficult and the effort needed involves considerable amount of resources with questionable outcomes. This study has come to the conclusion that being a good ‘Corporate Citizen' and creating positive stakeholder perceptions is a better strategic approach for firm's continuing success.

Corporate Social Responsibility, Stakeholder Perception, and Firm Performance

2018 ◽  
pp. 1439-1460
Author(s):  
Siva Prasad Ravi
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Natural Resources ◽  
Stakeholder Perceptions ◽  
Revenue Growth ◽  
Lower Performance ◽  
Stakeholder Perception ◽  
Strategic Approach ◽  
Negative Perceptions ◽  
Corporate Social

In the present-day business landscape characterised by global competition, demanding customers and depleting natural resources, Corporate Social Responsibility (CSR) has become an important strategy for corporations for creating competitive advantage. CSR involves a corporation's commitment to align performance (revenue growth and profit) motives with fulfillment of social, ethical, community and environmental obligations. Researchers have found a positive correlation between stakeholder perceptions of firm's CSR performance and financial performance, assuming other factors as constant. In this chapter we study the effect of stakeholder perception of a firm's CSR on the performance of the firm, based on analysis of Wal-Mart's performance from 2001 to 2011. We found that seemingly significant negative perceptions of CSR activities of corporations result in lower performance of the firm. Once formed, changing negative perceptions of stakeholders is often difficult and the effort needed involves considerable amount of resources with questionable outcomes. This study has come to the conclusion that being a good ‘Corporate Citizen' and creating positive stakeholder perceptions is a better strategic approach for firm's continuing success.

Does Stakeholder Perception of Firm’s Corporate Social Responsibility Affect Firm Performance?

2013 ◽  
Vol 4 (1) ◽  
pp. 67-83 ◽  
Author(s):  
Siva Prasad Ravi
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Natural Resources ◽  
Global Competition ◽  
Stakeholder Perceptions ◽  
Revenue Growth ◽  
Stakeholder Perception ◽  
Strategic Approach ◽  
Negative Perceptions ◽  
Corporate Social

In the present-day business landscape characterised by global competition, demanding customers and depleting natural resources, Corporate Social Responsibility (CSR) has become an important strategy for corporations for creating competitive advantage. CSR involves a corporation’s commitment to align performance (revenue growth and profit) motives with fulfillment of social, ethical, community and environmental obligations. Researchers have found a positive correlation between stakeholder perceptions of firm’s CSR performance and financial performance, assuming other factors as constant. This paper, based on analysis of Wal-Mart’s performance from 2001 to 2011, found, seemingly significant negative perceptions of CSR activities of corporations result in lower performance. Once formed, changing negative perceptions is often difficult and the effort involves considerable amount of resources with questionable outcomes. This study has come to the conclusion that being a good ‘Corporate Citizen’ and creating positive stakeholder perceptions is a better strategic approach for firm’s continuing success.

scholarly journals Application of Corporate Social Responsibility -- Taking Chinese Listed Companies in the COVID-19 as an Example

2021 ◽  
Author(s):  
Chih-Yi Hsiao ◽  
Hao-Wei Chen
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Financial Performance ◽  
Financial Constraints ◽  
Listed Companies ◽  
Factors Affecting ◽  
Financial Slack ◽  
Revenue Growth ◽  
Chinese Listed Companies ◽  
Corporate Social

This study focuses on a sample of Chinese listed companies from 2019 to 2020 to explore the relationships among corporate social responsibility, financial constraints, and financial performance. In addition, we discuss five factors affecting financial constraints. We also analyze the types of enterprises that can improve their financial performance by implementing corporate social responsibility keeping in mind the factors that lead to a high degree of financial constraint. The results indicate that: 1. The degree of financial constraints has a negative and significant impact on financial performance; 2. There is a reverse relationship between the degree of financial constraints and the effectiveness of corporate social responsibility measures; 3. Enterprises with high financial constraints (due to lower financial slack and revenue growth rates) can significantly improve their financial performance through the implementation of effective corporate social responsibility programs. 4. Enterprises with high financial constraints, caused by financial slack and revenue growth rate, can significantly improve their financial performance by implementing corporate social responsibility programs.

SOCIAL RESPONSIBILITY AS AN INTEGRAL COMPONENT OF MODERN BUSINESS

2017 ◽  
Author(s):  
Zoya Ostropolska ◽  
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Social Factors ◽  
Business Culture ◽  
Business And Society ◽  
Strategic Approach ◽  
Ethical Marketing ◽  
Modern Business ◽  
Marketing Activities ◽  
Corporate Social

The problems of formation and development of social responsibility of business in social, historical, ethical, marketing aspects are considered; the theoretical and practical components of the problem of formation of social responsibility are determined, the main advantages of realization of social responsibility for business and society are defined, the degree of urgency of this process is outlined; attention is paid to the main problems of social responsibility in terms of marketing activities of the enterprise and the shift of emphasis to a narrow purely marketing approach, the basis and content of which is the management of the image and reputation of the organization; emphasis is placed on social responsibility as a component of business culture and ethics; noted that social responsibility as an integral part of modern business can not be effectively implemented without taking into account cultural, historical and social factors; the concept of corporate social responsibility is defined, some concepts related to the concept of corporate social responsibility are outlined; the components and characteristics of social responsibility and directions of its realization are determined; It is noted that the strategic approach to the implementation of social responsibility is more typical for modern business, which in turn is an integral part of the strategy of sustainable development.

The Energy Politics of Corporate Social Responsibility

2019 ◽  
pp. 232-247
Author(s):  
Jessica Steinberg
Keyword(s):  
Corporate Social Responsibility ◽  
Literature Review ◽  
Social Responsibility ◽  
Natural Resources ◽  
Research Agenda ◽  
Energy Sector ◽  
Energy Politics ◽  
Corporate Social ◽  
Economic Goods ◽  
Critical Literature

Corporate social responsibility (CSR) is the practice in which firms voluntarily provide social and economic goods to communities affected by their operations. This chapter addresses several questions related specifically to CSR in the energy and natural resources sector. How is CSR in the energy sector unique relative to other sectors? What about the energy sector is likely to affect the way CSR among energy or extractive firms is conceived, implemented, and studied? This chapter provides a critical literature review and lays the groundwork for a research agenda in the area of CSR in the energy sector.

scholarly journals IMPLEMENTASI CSR PT ASIA FORESTAMA RAYA TERHADAP PEMBERDAYAAN PEREKONOMIAN MASYARAKAT PADA MASA PANDEMI COVID-19

2021 ◽  
Vol 3 (1) ◽  
pp. 25-31
Author(s):  
Hasnati Hasnati ◽  
Sandra Dewi ◽  
Andrew Shandy Utama
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Natural Resources ◽  
Raw Materials ◽  
Limited Liability ◽  
City Government ◽  
Economic Empowerment ◽  
Unstable State ◽  
Financial Condition ◽  
Corporate Social

PT Asia Forestama Raya is a forest product processing factory for the wood industry's raw materials. Based on Article 74 Paragraph (1) of Law Number 40 of 2007 concerning Limited Liability Companies, it is stipulated that companies that carry out their business activities in the natural resources sector and / or fields related to natural resources are required to implement CSR. In Article 10 of Riau Provincial Regulation Number 6 of 2012 concerning Corporate Social Responsibility in Riau Province, it is stated that CSR programs can take the form of community economic empowerment. This research aims to explain the implementation of PT Asia Forestama Raya's CSR on community economic empowerment during the Covid-19 pandemic. The method used in this research is socio-legal research. During the Covid-19 pandemic, the public really expected a real contribution from PT Asia Forestama Raya. PT Asia Forestama Raya's obstacle in implementing community economic empowerment in Limbungan Village is that the financial condition of PT Asia Forestama Raya is currently in an unstable state. Efforts that can be made by the people of Limbungan Village if PT Asia Forestama Raya doesn’t carry out a CSR program are to convey their aspirations to Commission IV of DPRD Pekanbaru City. Based on Article 32 of Riau Provincial Regulation Number 6 of 2012 concerning Corporate Social Responsibility in Riau Province, it is stated that if PT Asia Forestama Raya doesn’t carry out CSR towards empowering the community's economy, the company can be subject to administrative sanctions by the Pekanbaru City Government.

scholarly journals The Middle East perspective of Corporate Social Responsibility

2018 ◽  
Vol 3 (4) ◽  
pp. 282-291
Author(s):  
Yehia Al-Daaja ◽  
György Norbert Szabados
Keyword(s):  
Corporate Social Responsibility ◽  
Middle East ◽  
Social Responsibility ◽  
Business Strategy ◽  
Secondary Data ◽  
Partnership Model ◽  
Business Operations ◽  
Current State ◽  
Strategic Approach ◽  
Corporate Social

Corporate social responsibility (CSR) in the Middle East is gaining more importance than in the past. Although it still remains more about philanthropy and charity, it moves towards a more strategic approach which includes formalizing ways of giving, as a set of non-random actions, and focuses more on addressing social ills and environment, economic challenges, that are hindering development. However, the business in the region has not yet taken the step to fully integrate the CSR into their core business operations. The most common challenges that facing the CSR implementation are the lack of government requirements and incentives, spreading awareness, building CSR partnership model, going beyond the marketing and PR campaigns, and full integration of CSR into the business strategy. In this paper, we aim to introduce the current state of the CSR in the Middle East and its perspectives, besides reviewing its evaluation stages, motivations, and current challenges. Moreover, we aim to examine CSR common practices through examples from the financial sector. The research method applied in this research is based on secondary data sources and we have used desk research to illustrate most important points and findings on the topic.

scholarly journals LEVERAGE, PROFITABILITAS, UKURAN PERUSAHAAN, PENGUNGKAPAN CORPORATE SOCIAL RESPONSIBILITY DENGAN PENDEKATAN KAUSALITAS

JURNAL PUNDI ◽  
2017 ◽  
Vol 1 (1) ◽  
Author(s):  
Muhammad Rivandi ◽  
Sri Madona Saleh ◽  
Renil Septiano
Keyword(s):  
Corporate Social Responsibility ◽  
Data Analysis ◽  
Social Responsibility ◽  
Natural Resources ◽  
Regression Model ◽  
Sampling Method ◽  
Stock Exchange ◽  
Panel Regression ◽  
Analysis Method ◽  
Corporate Social

Management of natural resources and environment who is not responsible the main issues disclosure of corporate social responsibility (Wahba & Elsayed, 2015). This study aims to examine the effect of leverage, profitability, and size toward the disclosure of corporate social responsibility. The samples of this study are 51 companies listed in Indonesia Stock Exchange selected by using purposive sampling method. Data analysis method used is panel regression model. The result this study tested that leverage has t statistics the biggest than t table (3,571 ≥  1,969), profitability has t statistic the biggest than t table (-2,495 ≥ - 1,969), and size of the firm has t statistic the biggest than t table (-1,961 ≥ -1,651). Base on hypothesis tested that the leverage, profitability, and size of the firm  have a significant effect toward disclosure of corporate social responsibility

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