Corporate Citizenship

Author(s):  
Reena Agrawal

The last few decades have witnessed serious sustainability challenges such as economic uncertainty, depletion ozone layer, increase in pollution, urban decay, overpopulation, degradation, and shortage of natural resources, etc. The increasing pace of change and rising competition has posed unknown challenges and unparalleled pressure on the corporates not only to prosper, but also to sustain in future. With customers, investors, and other stakeholders becoming increasing aware and critical about sustainable practices, the companies are forced to think past short term monetary gains. As there exists an interdependence, integration, and co-creation among the three basic tenets of sustainability-people, planet, and profits. There is a global call on companies to pursue socially responsible conduct and adopt innovative practices which create value for people, planet, as well as economy.

Author(s):  
Ana Patrícia Duarte ◽  
José Gonçalves das Neves

In the current scenario of economic uncertainty, where many organizations struggle harder for reducing costs while improving their competitiveness, employees’ organizational citizenship behaviours might have an enhanced importance for organizational survival and success. A model proposing that corporate engagement in internal socially responsible practices enhances employees’ job satisfaction and consequently increases employees’ extra-role behaviours was tested. Using data obtained from a sample of employees from an airline company (n=133), the model was examined and supported. We have therefore concluded that organizations may foster employees’ extra-role behaviours by investing in corporate socially responsible practices that signal corporate concern with employees and promote job satisfaction.


Organizacija ◽  
2013 ◽  
Vol 46 (2) ◽  
pp. 47-54 ◽  
Author(s):  
Anton Peršič ◽  
Mirko Markič

The aim of our research was to study the impact and purpose of the reporting on socially responsible conduct on the success of corporate operations. The data and information were gathered with the quantitative research method, whereas the instrument for gathering them was a questionnaire that was distributed among 759 large and medium sized organisations from the field of market services in the Republic of Slovenia. We have established that activities aimed at socially responsible conduct are directly connected with the success of corporate operations, especially the revenue (p = 0.001), the profit of a company (p = 0.000), operational growth (p = 0.007) and operational economy (p = 0.002), and are typical for organizations with a larger number of employees (p = 0.032). In this regard, the real estate and construction market activities received the lowest scores. Research results provide theoretical as well as practical benefits for everyone dealing with the planning, implementation and control of sustainable development, as well as socially responsible conduct within the organization.


2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Abbas Khan ◽  
Muhammad Yar Khan ◽  
Abdul Qayyum Khan ◽  
Majid Jamal Khan ◽  
Zia Ur Rahman

Purpose By testing the weak form of efficient market hypothesis (EMH) this study aims to forecast the short-term stock prices of the US Dow and Jones environmental socially responsible index (SRI) and Shariah compliance index (SCI). Design/methodology/approach This study checks the validity of the weak form of EMH for both SCI and SRI prices by using different parametric and non-parametric tests, i.e. augmented Dickey-Fuller test, Philip-Perron test, runs test and variance ratio test. If the EMH is invalid, the research further forecasts short-term stock prices by applying autoregressive integrated moving average (ARIMA) model using daily price data from 2010 to 2018. Findings The research confirms that a weak form of EMH is not valid in the US SRI and SCI. The historical data can predict short-term future price movements by using technical ARIMA model. Research limitations/implications This study provides better guidance to risk-averse national and international investors to earn higher returns in the US SRI and SCI. This study can be extended to test the EMH of Islamic equity in the Middle East and North Africa region and other top Islamic indexes in the world. Originality/value This study is a new addition to the existing literature of equity investment and price forecasting by comparing and investigating the market efficiency of two interrelated US SRI and SCI.


2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Duygu Turker ◽  
Y. Serkan Ozmen

PurposeThis study aims to analyze how corporate social responsibility (CSR) initiatives address sustainability challenges by focusing on the congruence between process and outcome variables of CSR.Design/methodology/approachFollowing a theory-driven model, a content analysis was conducted on 63 award-winning social responsibility projects.FindingsThe study reveals that the adoption of a proactive approach during environmental assessment, which manifests itself in a focus on emerging sustainability challenges with a deeper interest, affects the centrality of social responsibility initiative by increasing its learning and partnership potential and leads organizations to produce radical innovations.Practical implicationsThe findings provide a valuable understanding for practitioners on organizing the decision making process of CSR initiatives in order to unlock its learning potentials.Social implicationsRadically innovative projects with their higher levels of proactivity, centrality and generalizability are better than incremental ones at transferring and integrating company resources and capabilities to address emergent sustainability challenges.Originality/valueThe impact of CSR on society and nature has been a neglected area of literature. To reduce this gap, this study analyzes how the configuration of process variables shapes the outcomes of socially responsible initiatives on sustainability. It also provides a new typology on the relevance of CSR initiatives to company mission/model that can show how CSR can unlock organizational learning and innovation potentials.


2020 ◽  
Vol 10 (6) ◽  
pp. 1042-1049
Author(s):  
M.E. Smirnova ◽  
◽  
A.O. Subocheva ◽  
I.N. Belogrud ◽  
◽  
...  

In the conditions of economic uncertainty, serious requirements are put forward for the personnel management system. Special skills and qualifications of personnel are increasingly prevailing as the main competitive companies’ advantage in the struggle for a leading position in the market. In the short term, highly dynamic employment processes are expected, as many organizations aim to significantly adjust existing labor relations. Personnel consulting reflect the activity to solve the tasks set for the top personnel management in order to increase the profitability of the organization. The object of the personnel audit is the internal labor market, that is, the available human resources are considered, in particular, the workforce, various aspects of the organization’s production activities. Effectiveness evaluation of the methods of vocational guidance and adaptation, identification and diagnosis of problems arising during the adaptation period is also one of the main parameters. Thus, the specific diversity of personnel audit is determined by the goals and objectives. The lack of personnel assessment and development systems in the company entails serious risks in forming and implementation of management decisions, which can also lead to serious costs for the organization. Personnel assessment using transparent and understandable criteria, organization of trainings and training for employees, formation of programs for the development of professional competencies are not only conditions for retaining employees, but also a tool for developing the organization’s HR brand.


Author(s):  
Abbas Maleki

This chapter examines the politics of the natural resources of the Caspian Sea as littoral states vie for dominance on energy resources and its routes to the world markets against a background of climate change, region-wide sustainability challenges, and local pollution. The Caspian is in full transformation and solving these problems will require a shift in regional politics towards environmental cooperation and political integration. However, the inherent challenges of such a new approach are compounded by the landlocked position of Caspian countries, uncertainty among littoral states as to each other’s intentions and a decaying infrastructure, last updated in the Soviet era.


1993 ◽  
Vol 9 ◽  
pp. 1-17 ◽  
Author(s):  
Gün Kut

The world's natural freshwater resources available for human use are more scarce than is generally assumed. This statement has already become a cliche, yet the truth it reveals is getting more apparent every day, just as is the case with other global problems which require solutions above and beyond the parochial and short term interests of individual nation states. Water scarcity has two important aspects, both with political connotations at different levels, with worldwide maldistribution of economic and natural resources being at the core of the problem.


2021 ◽  
Author(s):  
Muhammad Hasyim Ibnu Abbas ◽  
Hadi Sumarsono ◽  
Farida Rahmawati ◽  
Inayati Nuraini Dwiputri

The concept of sustainable development has begun to be developed, namely in line with current needs and without endangering future generations. In addition to focusing on environmental issues, this concept covers economic development, environmental protection and social development. However, this concept still tends to focus on short- term economic development. With the limitation of the State Revenue and Expenditure Budget (APBN) and the resources we have, it is not surprising that policymakers prefer shortcuts. As a result, the quality of economic growth has deteriorated. One of the efforts to harmonize the needs of economic growth and conservation of natural resources is the concept of a Green Economy. This article discusses how to calculate economic development as seen from the amount of Gross Domestic Product (GDP) from a Green Economy perspective. Batu City, as a tourism city that relies on natural conditions and its environment, needs to analyze its economic development from a Green Economy perspective in order to be sustainable. This article aimed to analyze the depletion of natural resources of the sub-sector “Provision of Accommodation and Food – Beverage” which supports tourism in Batu City. The results showed that in 2015-2019, natural resource depletion increased every year. Keywords: Sustainable Development, Green Economy, Depletion, Natural Resources


2012 ◽  
Vol 10 (4) ◽  
pp. 33-52
Author(s):  
Anita Ganowicz-Bączyk

Perceiving nature by contemporary social and economical systems, including the domination nowadays of capitalism and socialism, has led to an ecological crisis. There are at least several characteristics of traditional economical theories that make it impossible to realize the sustainable development of the anthroposphere, i.e. the view of a human being, the violation of rules of inter- and intragenerational justice, the way of valuing the environment combined with the underestimation of the significance of natural resources, the belief that technology is able to substitute all natural resources crucial to humanity, planning the short-term goals. Qe attitudes in economics appeared which demand replacing the current paradigm with a new one – that of strong sustainability. The characteristic feature of the economics of sustainable development is observing the ethical rules of inter- and intergenerational justice and responsibility.


2019 ◽  
Vol 31 (1) ◽  
pp. 131-147
Author(s):  
Lee Stoner ◽  
Michael A. Tarrant ◽  
Lane Perry ◽  
Mikell Gleason ◽  
Daniel Wadsworth ◽  
...  

A collaborative study abroad program (between one New Zealand and one U.S. university) on the theme of global health has been offered three times in Australia with 59 students registered to date. The course was developed because it is believed that higher education can play a role in improving global health through the fostering of global citizenship A global citizen is one who is aware of global issues, socially responsible, and civica lly engaged. From this perspective, personal health is not solely an individual , self serving act; rather, the consequences of an individual’s lifestyle behaviors have deep and wide consequences extending to the community, national, and global contexts. Our paper provides a narrative on the framework used to develop the aforementioned global health study abroad course, including 1 ) an initial discussion on the intricate relationship between global citizenship and global health; 2 ) previous evidence demonstrating that short term study abroad has the potential to foster global citizenship; and 3 ) the specific process used to develop the current short term, faculty led, interdisciplinary, experiential study abroad course.


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