Corporate Social Responsibility (CSR) in Hotels in Austria, Pakistan, and Indonesia

2021 ◽  
pp. 263-280
Author(s):  
Muhammad Nawaz Tunio ◽  
Lenny Yusrini ◽  
Ghazala Shoukat
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Social Problems ◽  
Wide Field ◽  
Business Organizations ◽  
Broad Concept ◽  
Educational Involvement ◽  
Corporate Social

The purpose of this study was to contribute to the recent realm of research on COVID-19 to understand how the pandemic affected the business of SME hotels in Austria, Pakistan, and Indonesia, and what strategies and corporate social responsibility (CSR) were implemented by these while working in this crisis time. With reference to the existing situation, talking about the CSR leads to the broad concept of sustainability. It is a wide field focus on academia as well as industry alike. It was observed that scholars and managers are involved in the debate about the responsibilities of trade towards society. Across such debates, CSR of the business in dealing with social problems has been pondered. CSR is associated with the business organizations in order to find their economic, social, political, and educational involvement towards the improvement and development of the staff of the organization, community, and society.

Study of models of corporate social responsibility and sustainable development

2020 ◽  
Vol 19 (3) ◽  
pp. 317-334
Author(s):  
Vikram Jeet ◽  
Parvesh Kumar Aspal ◽  
Afroze Nazneen
Keyword(s):  
Sustainable Development ◽  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Business Environment ◽  
Business Organizations ◽  
Broad Concept ◽  
Stakeholder Model ◽  
Wide Gap ◽  
Corporate Social

Corporate social responsibility (CSR) is a broad concept, and it has witnessed several versions since its initiation. Without doubt, in the current business and economic scenario, CSR has been gaining momentum; therefore, it is crucial to explore and comprehend the basic responsibility of CSR and sustainable development. It is, therefore, significant to analyse and explore the evolution of CSR throughout the years and link it with sustainable development. The present study analyses and compares the various CSR models based on the order of significance, scope of responsibility, role of philanthropy, CSR–corporate financial performance relationship and attractiveness and its impact on sustainable development. The study reveals that the concept of CSR and sustainable development are steadily stepping towards a unified form, where companies’ commitment towards social obligation brings about practical and exhaustive improvement. It was observed that several models have been proposed and modified, yet there is a wide gap between the concept and practical execution of CSR models due to the different strategies followed by business organizations, which vary from nation to nation depending upon their business environment. The widely accepted stakeholder model suggests that companies should care for the interests of stakeholders, for instance shareholders, traders, consumers, employees and the society, for sustaining its business.

Responding to Social Responsibilities and Ethics - A Study of Refractory Industry in Odisha

2016 ◽  
Vol 1 (1) ◽  
Author(s):  
Saikat Gochhait
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Ethical Issues ◽  
Business Organizations ◽  
Ethical Practices ◽  
Secondary Sources ◽  
Modern Business ◽  
Industrial Markets ◽  
Corporate Social ◽  
Profit Maximisation

Businesses work in a wide social environment in which they have a responsibility to a range of stakeholders including the community. The term Corporate Social Responsibility (CSR) refers to the responsibility that modern business organizations have to creating a healthy and prosperous society. Ethical practices in refractory marketing help marketers distinguish between right and wrong behavior. Adherence to ethics is essential in industrial markets as mutual trust among buyers and sellers is the key to long-term success. Marketing has evolved from a production-centric approach to a societal marketing approach that lays greater emphasis on the ethical issues in marketing. With the advent of globalization, corporations continue to evolve, grow in power, and influence the process of consolidation. Corporations are in positions of power that allow them to do greater damage to others when they act unethically or socially in an irresponsible manner. The rights theory encompasses a variety of ethical philosophies holding that certain human rights are fundamental and must be respected by other humans. The economic theories of the firm cannot be segregated of ethical considerations as they have crucial impact on how the firm concentrates on economic power, formulate the rules of law. Profit maximisation has always been the driving force and an undercurrent behind the development of corporate. But profit is not made in vacuum, it always has an associated cost, some of which is always externalized (Rhee, 2008). Corporate law has an ethical foundation and the debate on values necessarily revolves round the activities of the firm. This research paper on the basis of secondary sources of data collected from reports, research papers and Internet, focuses on corporate social responsibility (CSR) of TATA Group with reference to Tata Krosaki Refractories Ltd, Bajoria Group with reference to IFGL Refractories Ltd (Odisha), OCL Refractories Ltd, Sarvesh Refractories, and Manishree Refractories (Odisha). The study intends to understand the scope of corporate social responsibility and get an insight in CSR and ethical practices in the light of the case study of the refractory industries in Odisha.

Business student attitudes toward corporate social responsibility: a Vietnamese study

2021 ◽  
pp. 1-24
Author(s):  
Hauthikim Do ◽  
Chee Chuong Sum
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Student Attitudes ◽  
Business Students ◽  
Male Students ◽  
Business Organizations ◽  
Context Sensitive ◽  
Theoretical Perspectives ◽  
Corporate Social ◽  
Practical Implications

Abstract Globally, organizations are increasingly embracing corporate social responsibility (CSR) to strengthen competitive advantage. Although CSR is recognized to be context-sensitive, the literature is still lacking studies that examine CSR in different contexts, particularly non-western ones. Our study adds to a deeper understanding of CSR in Vietnam by identifying the predictors of CSR attitudes of business students. Vietnam has rich cultural, social, and economic characteristics that offer new theoretical perspectives and insights on the contextual nature of CSR. Our findings showed that CSR attitudes related positively to idealism and student seniority, and negatively to materialism and male students. A positive CSR–relativism relationship was uncovered. Spirituality related positively to the importance of CSR to business sustainability and negatively to CSR's importance to short-term competitiveness. The findings have theoretical and practical implications on the understanding and practice of CSR that would benefit CSR researchers, business organizations, and education institutions.

scholarly journals Corporate Social Responsibility and Its Relevance to Accounting

2015 ◽  
Vol 8 (9) ◽  
pp. 178 ◽  
Author(s):  
Saeid Homayoun ◽  
Zabihollah Rezaee ◽  
Zahra Ahmadi
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Business Organizations ◽  
Moral Obligations ◽  
Academic Communities ◽  
Creating Shared Value ◽  
Good Reputation ◽  
Social And Environmental Performance ◽  
Corporate Social ◽  
Responsibility Accounting

Corporate social responsibility (CSR) has been extensively and inconclusively debated in the literature. In this essay, we examine the development of CSR by both reviewing the evolution of the conceptual framework and models of CSR and discussing social responsibility accounting and auditing. We conclude that both business and academic communities worldwide should pay closer attention to CSR and its components of economic, social, and environmental performance. Business organizations worldwide are just starting to recognize the importance of quality as it relates to CSR and the link between profitability and social behavior. Justifications for CSR are fulfilling moral obligations, maintaining a good reputation, ensuring sustainability and licensing to operate, and creating shared value for all corporate stakeholders.

scholarly journals Conceptual Framework Performance Contributor from Internal Organizations of Corporate Social Responsibility Activities

2021 ◽  
Vol 2 (1) ◽  
pp. 67
Author(s):  
Gogor Arif Handiwibowo ◽  
Rini Puji Astuti ◽  
Rita Ambarwati
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Conceptual Framework ◽  
Environmental Sustainability ◽  
Business Environment ◽  
Business Organizations ◽  
Performance Factors ◽  
For Profit ◽  
Corporate Social ◽  
The Impact

In this 20th century era, the business environment is more demanding that a business organization not only have a profit orientation. However, aspects of the impact on the environment and surrounding communities must also receive adequate attention in line with the increasing quantity and quality of business organizations. The concept of sustainable development is proposed to be a concept that tries to provide a balanced effect between financial performance factors, community welfare factors and environmental sustainability factors. In balancing the three factors above, CSR (Corporate Social Responsibility) activities of business organizations are expected to be the answer to the stigma that business organizations are only looking for profit. This paper will describe several hypotheses as well as a conceptual framework of factors originating from internal business organizations that have an impact on the performance of CSR activities. There are four factors that are proposed to be a hypothesis from the internal organization that must be fulfilled so that CSR activities show their performance. The four factors are fulfilment of human resources, fulfilment of the business organization's strategic vision, fulfilment of operating system implementation, and fulfilment of the business organization's financial capability.

scholarly journals Corporate Social Responsibility and Sustainable Development: A Study of Commercial Banks in Bangladesh

2019 ◽  
Vol 6 (2) ◽  
pp. 6 ◽  
Author(s):  
Md. Ataur Rahman ◽  
Md. Ashraful Islam
Keyword(s):  
Sustainable Development ◽  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Commercial Banks ◽  
Research Effort ◽  
Business Organizations ◽  
Descriptive Research ◽  
The Government ◽  
Csr Disclosure ◽  
Corporate Social

This paper investigates the practices of Corporate Social Responsibility (CSR) by commercial banks in Bangladesh and the achievement of sustainable development through this practice. The motive of this descriptive research is to look at the framework of CSR areas and contribution by the state-owned and private commercial banks to those areas during 2011-2017. This study reveals that commercial banks contribution in CSR is increasing every year and new CSR areas are being concentrated on by commercial banks as part of their responsibility to the society and more and more focus is being given to important CSR areas to achieve sustainable development. This study also shows that there is a positive relationship between CSR and sustainable development. This research effort suggests that a precise guideline by the government about CSR expenditure, large corporation’s timely involvement in CSR activities and CSR disclosure in the bank’s annual report will fulfill the desired objectives of the business organizations. These will also ensure the successful and sustainable development of the country.These will also ensure successful and sustainable development of the country.                                                    

Corporate Social Responsibility (CSR) in Malaysia with Reference to the Maqasid

ICR Journal ◽  
2011 ◽  
Vol 2 (2) ◽  
pp. 384-387
Author(s):  
Zarina Nalla
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Multinational Corporations ◽  
Social Problems ◽  
Islamic Law ◽  
Islamic Thought ◽  
Self Interest ◽  
Social Agencies ◽  
Corporate Social

What follows is a comparative understanding of Western and Islamic thought on CSR and the increasing awareness of it in Malaysia. This commitment from a policy angle may be described as being in line with maqasid al-shari'ah or the goals and purposes of Islamic law. The term ‘CSR’ was popularised in the early 1970s after the formation of many multinational corporations, and its definition is widely debated. A corporation in today’s globalised world can no longer hold the view that solving social problems is the duty of governments and social agencies and that managers are only to serve the interests of stakeholders and no-one else. This view is deeply-rooted in self-interest.

The informational component of corporate social responsibility assessment: Results of empirical research

2021 ◽  
Vol 20 (11) ◽  
pp. 2089-2112
Author(s):  
Ol'ga V. EFIMOVA ◽  
Ol'ga V. ROZHNOVA
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Financial Reporting ◽  
Information Disclosure ◽  
Social Problems ◽  
Systems Approach ◽  
Social Information ◽  
Financial Statements ◽  
Corporate Social

Subject. We consider completeness and quality of social information disclosure for systematic presentation of corporate social responsibility of organizations in financial and public non-financial reporting. Objectives. The aim is to present a comprehensive research of information component of social responsibility of Russian large business enterprises, based on the analysis of their financial and non-financial reporting information. Methods. We employed methods of logical, statistical, comparative, and linguistic analysis. We also analyzed financial and public non-financial reports of Russian metallurgical companies. Special attention was paid to the availability and completeness of presented social disclosures. The study investigates annual financial statements and public non-financial statements for 2018–2020. Results. We offer a systems approach to the study and assessment of social responsibility, based on the analysis of the content of selected indicators, formulate recommendations that are necessary to increase the social responsibility of companies through improving the quality of content of reporting information and its orientation to solving global social problems. The findings enabled to reveal the areas of social information disclosure that are most significant for increasing the validity of investment decisions. Conclusions. The identified top social problems are in the focus of attention of economic entities; the dynamics of the quality of disclosures in corporate reports over the past three years has been positive. The trend in the development of non-financial reporting standards in terms of completeness and comprehensive nature of social disclosures enables to count on gradual overcoming of existing problems.

An Analysis of Corporate Social Responsibility Expenditure in Selected Indian Companies

2016 ◽  
Vol 2 (1) ◽  
Author(s):  
Dr. Asha Sharma
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Corporate Citizenship ◽  
Corporate Sustainability ◽  
Business Organizations ◽  
Socially Responsible ◽  
Net Worth ◽  
Standards Of Living ◽  
Social Cause ◽  
Corporate Social

Corporate social responsibility has become an inevitable priority for business leaders across the globe in recent times. More and more Indian business organizations embrace the practice of CSR under different names such as corporate sustainability, social responsibility, and corporate citizenship. CSR is concerned with treating the internal and external stakeholders of the firm ethically or in a socially responsible manner and the wider aim of corporate social responsibility is to create higher and higher standards of living, while preserving the profitability of the corporation, for its stakeholders. Under the new Companies Act, 2013, passed by Parliament in August 2013, Companies with net worth over 500 crores or turnover of over 1000 crores or net profit of 5 crores, two per cent of average profit of previous three years needs to be spent for social cause. Corporate Social Responsibility (CSR) has gained considerable interest among academicians and business organizations in the past decade.The aim of this paper is to describe the existing practices of corporate social responsibility in Public Sector Enterprises in India. It is tried to find out whether the selected companies fulfilling their CSR spending requirement of 2% of average profit or not.

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