scholarly journals Can investors benefit from corporate social responsibility and portfolio model during the Covid19 pandemic?

Accounting ◽  
2021 ◽  
pp. 1033-1048
Author(s):  
Ternence T. J. Tan ◽  
Baliira Kalyebara
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Global Economy ◽  
Financial Impact ◽  
Policy Makers ◽  
Market Index ◽  
Naïve Diversification ◽  
Corporate Social ◽  
Stock Portfolio ◽  
Difficult Times

Since late 2019 and throughout 2020, the global economy has been experiencing difficult times due to the outbreak of the lethal Coronavirus (COVID-19). This study looks at the financial impact of this epidemic on the global economy using Malaysian market index i.e., FTSE Bursa Malaysia KLCI before and during COVID-19. Measuring the financial impact of this epidemic on the Malaysia economy may help policy makers to develop measures to avert similar financial catastrophic impacts on the global economy. The study uses Sharpe optimal and naïve diversification model to solve a scenario that factors in the level of corporate social responsibility (CSR) exhibited before and during the epidemic to measure the financial impact on the stock portfolio. The results show that the emergence of COVID-19exacerbated the already weak Malaysian economy. Our findings may help the policy makers in Malaysia to develop and maintain techniques and policies that may mitigate the negative financial impact and handle similar epidemics in the future. Future studies could cover the financial impact of CSR using variable scoring and apply the portfolio model with practical and prevailing constraints.

scholarly journals Corporate Social Responsibility and Sustainability. A Bibliometric Analysis of Their Interrelations

2021 ◽  
Vol 13 (4) ◽  
pp. 1636 ◽  
Author(s):  
Víctor Meseguer-Sánchez ◽  
Francisco Jesús Gálvez-Sánchez ◽  
Gabriel López-Martínez ◽  
Valentín Molina-Moreno
Keyword(s):  
Sustainable Development ◽  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Global Economy ◽  
The United States ◽  
Social Dimension ◽  
Unequal Distribution ◽  
Distribution Of Wealth ◽  
Productive Author ◽  
Corporate Social

Traditional economic system has brought important negative implications regarding environmental development, as well as an unequal distribution of wealth, which has led to ecological disasters and population imbalances. Considering the existence of unequal opportunities and access to resources in a global economy, it would be relevant to study the interrelations between the concepts of Sustainability and Corporate Social Responsibility (CSR). Global and multifactorial issues require the review of fieldworks and their connections. From this perspective, the present research aims to analyze the relationships between the concepts of Corporate Social Responsibility and Sustainability in order to understand the advances of current scientific production and future lines of research. In this way, there is a considerable increase of interest in this line of research, highlighting García-Sánchez as the most productive author, Business, Management and Accounting as the most studied topic, and Sustainability Switzerland as the most productive journal. The country with the most publications and citations is the United States, and the most productive institution is Universidad de Salamanca. Future lines of research should focus on the social dimension and its possibilities in the field of Circular Economy. Finally, a line of research is proposed that also includes the proposals from the 2030 Agenda for Sustainable Development and its 17 Sustainable Development Goals.

scholarly journals Roles and Challenges of Technology in Corporate Social Responsibility

2019 ◽  
Vol 6 (2) ◽  
pp. 5336-5340
Author(s):  
Mohamed Abualhaija DBA
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Global Economy ◽  
Atomic Bomb ◽  
Brand Name ◽  
Research Fields ◽  
The Social ◽  
Impact Of Technology ◽  
Corporate Social ◽  
The Impact

Many believe that Corporate Social Responsibility (CSR) is irrelevant and bad for businesses, while others swear of its strategic importance for the overall growth of local and global economies. This paper examines the impact of technology on corporates morals and social responsibility. Companies like GE and Nike direct resources and strategies to strengthen the environment and local and global communities. Through improving education programs and investing in technology, these companies attempt to fulfill their social responsibilities to all communities. Companies use corporate social responsibility to build a reputation and a brand name. Through technology exports, the world’s economy is synchronized. Creating and sharing technology enhances the world’s productivity and economy, mainly because developing countries are incapable of investing much in R&D. As the infusion of technology contributes to the growth of the global economy, the question remains to what degree the technological breakthroughs create ethical and moral concerns when exploring new frontiers, and to what degree scientists consider the social and ethical consequences when testing and investigating. This paper explores some of the ethical, social, and legal circumstances related to different controversial research fields to include creating the atomic bomb, human cloning, and the research of synthetic biology science.  

Determinants of Corporate Social Responsibility Disclosure in Latin American Companies

2017 ◽  
pp. 165-184 ◽  
Author(s):  
Arturo Haro-de-Rosario ◽  
María del Mar Gálvez-Rodríguez ◽  
María del Carmen Caba-Pérez
Keyword(s):  
Latin America ◽  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Voluntary Disclosure ◽  
Global Economy ◽  
Oil And Gas ◽  
Major Influence ◽  
Oil Reserves ◽  
Corporate Social ◽  
Oil And Gas Companies

The oil and gas sector exerts a major influence on the global economy. However, its negative impact on the environment and society has provoked increasing concerns about its activities and consumption of natural resources. Therefore, and in view of the fact that Latin America has the world's largest conventional oil reserves, the aim of this paper is to analyse the voluntary disclosure of information on the corporate social responsibility (CSR) of oil and gas companies operating in Latin America, and to study the factors that may influence the provision of this information. The results obtained show that although companies in this sector are becoming more aware of the impact of their activity, greater efforts need to be made with respect to CSR. We find that the largest, most profitable oil and gas companies tend to publish the most complete CSR reports.

scholarly journals Importance of professional ethics and corporate social responsibility within business studies curriculum within context global economy

2020 ◽  
Vol 74 ◽  
pp. 04004
Author(s):  
Tatjana Daudisa ◽  
Velga Vevere
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Global Economy ◽  
Quantitative Research ◽  
Business Students ◽  
Research Question ◽  
Business Environment ◽  
The Future ◽  
Mba Curriculum ◽  
Corporate Social

Businesses today have to juggle between the need to survive due to increased competition and the pressure to become socially and environmentally responsible business entity. Consistent with the intensification of discussion about the importance of embracing CSR among businesses, the issues now has expanded to the concern over the future of CSR. In view of this, the future of CSR will depend on how the future generations perceive the importance of embracing CSR in business operations. The purpose of the current study is to research the business students’ perception of importance of ethics and corporate social responsibility courses within their curriculum. The quantitative research design is applied in the study – the target group survey using 7-point Likert scale questionnaire, nonprobability purposive sampling (n=131). The research question posed in the current article is the following: Does business students’ attitude towards CSR and ethics depend upon taking these courses as part of BBA and MBA curriculum? The result of the study – the mapping of students perceptions and attitudes towards ethical aspects taught at the university. The practical implications of the current study are of improvement of BBA and MBA curriculum to meet the needs of the 21st century in the globalized business environment.

Corporate Social Responsibility and Standards

2018 ◽  
Author(s):  
Alexandra Hughes
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Global Economy ◽  
Economic Downturn ◽  
Production Networks ◽  
Global Production Networks ◽  
Private Regulation ◽  
Labour Standards ◽  
Corporate Social ◽  
Political Economic

This chapter charts the contribution of economic geography to the field of research concerned with corporate social responsibility (CSR) and standards. Following explanation of the historical and political–economic context of CSR and the rise of codes and standards as tools in the private regulation of the global economy, it places the critical spotlight on studies of ethical and labour standards in global supply chains. Within this area, the different critical insights into CSR and standards offered by the global value chains and global production networks frameworks, as well as postcolonial critique, theories of governmentality, and sociologies of standards and marketization, are summarized and debated. Finally, the chapter discusses some of the recent economic, geographical, and regulatory challenges to the ways in which CSR and standards are operating and transforming in practice, from the global economic downturn to the influence of ‘rising powers’ and emerging economies.

Impact of corporate social responsibility practices on organizational performance: an ISO 26000 perspective

2014 ◽  
Vol 10 (3) ◽  
pp. 455-479 ◽  
Author(s):  
Changiz Valmohammadi
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Organizational Performance ◽  
Community Involvement ◽  
Cross Sectional ◽  
Policy Makers ◽  
Content Type ◽  
Iso 26000 ◽  
Core Subjects ◽  
Corporate Social

Purpose – This study aims to provide reliable and valid constructs of corporate social responsibility (CSR) and a measurement instrument in the context of Iranian organizations based on the seven core subjects of International Organization for Standardization (ISO) 26000 standard. It also examines the effects of these seven CSR criteria, namely, organizational governance, human rights, labor practices, the environment, fair operating practices, consumer issues and community involvement, and development on the organizational performance of Iranian organizations. Design/methodology/approach – Through an extensive study of literature review, the related items of these core subjects were identified. Data for the study were collected from 207 Iranian manufacturing and service firms. The research model was tested using structural equation modeling. Findings – Statistical analysis revealed that a number of significant relationships between CSR practices and organizational performance of Iranian organizations. The result found that community involvement and development plays an important role in enhancing organizational performance of organizations. Research limitations/implications – First, the time sequence of the association between the variables could not be concluded, given that cross-sectional data were used. A future study is suggested to conduct a longitudinal research design to present the evidence of causation which cannot be achieved through cross-sectional designs. Second, this study was limited to Iran. Hence, the findings and conclusions drawn from this research are representative of the Iranian context only. Hence, final results should be considered with caution. Practical implications – This study offers a number of implications for Iranian managers and policy-makers. First, this study identified that there is a relationship between CSR practices based on the seven core subjects of ISO 26000 and firm performance in the context of Iran. Second, the instrument developed, in this research, will be very useful to policy-makers in various industries of Iran as a tool for evaluating the effectiveness of their current CSR practices and initiatives. Third, decision-makers can also prioritize the CSR practices on which their firms should focus to improve their organizational performance. Originality/value – The novelty of this research is to determine the related items of the core subjects of ISO 26000 as the main factors and offer an instrument to measure the effects of various CSR practices on organizational performance of Iranian firms in the context of Iran.

scholarly journals The impact of corporate social responsibility on consumer’s relationship intention: Evidence from MENA countries

2021 ◽  
Vol 10 (4) ◽  
pp. 8-14
Author(s):  
Aws AlHares ◽  
Tarek Abu-Asi ◽  
Gerard Dominic ◽  
Ruba Al Abed
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Purchase Intention ◽  
Policy Makers ◽  
Four Dimensions ◽  
Mena Countries ◽  
Relevant Role ◽  
Corporate Social ◽  
The Impact

Corporate social responsibility (CSR) raised the attention of the MENA market, given its capacity to influence consumers’ purchase intention and, particularly, consumers’ repurchase intention. Therefore, CSR helps to build a long-term relationship between the companies with its consumers. Following this new trend, our work contributes to the understanding of how CSR contributes to a long-term relationship with consumers. To achieve that, we considered the four dimensions of CSR (philanthropic, legal, organisation, and ethics) and used those constructs to evaluate the consumers’ relationship intention with companies. Our research was performed in MENA countries by interviewing 1632 consumers. Our findings showed that the philanthropic, legal, and ethical dimensions played a relevant role in determining a long-term relationship between the companies and consumers. This research results differ from the results gained by other researchers in previous studies. Therefore, to establish a long-term relationship with consumers, MENA countries’ companies should focus on philanthropy, legal, and ethics. This study extends, as well as contributes to the extant corporate social responsibility literature by offering new evidence on the impact of corporate social responsibility on consumer relationship intention. The findings will help regulators and policy-makers in evaluating the adequacy of the current corporate social responsibility reforms to prevent management misconduct and scandals.

scholarly journals Practitioner Summary: The Value of Assurance and Ethics in Difficult Times: Corporate Social Responsibility Disclosures and Investor Decisions

2020 ◽  
Author(s):  
Andrew C. Stuart ◽  
Jean C. Bedard ◽  
Cynthia E. Clark
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Ethical Culture ◽  
Financial Returns ◽  
Social Good ◽  
Corporate Reporting ◽  
Corporate Social ◽  
Difficult Times ◽  
A Company ◽  
Investor Preference

Corporate social responsibility (CSR) assurance rates continue to lag behind corporate reporting of CSR activity (Blasco and King 2017), suggesting managers question whether the benefits of purchasing assurance outweigh the costs. This article summarizes a recent study by Stuart, Bedard, and Clark (2020) investigating the value of CSR assurance when a company experiences a negative event by examining how prior disclosure of management’s CSR intentions, and the decision to purchase independent assurance, influence investors’ judgments. Findings suggest investors react more favorably to management’s intention to engage in activities that increase expected future financial returns when economic times are good. In contrast, in difficult times investor preference shifts to management’s intent for activities done solely for social good as a signal of ethical culture. However, this preference disappears when disclosures are assured. Findings suggest the decision to purchase CSR assurance plays an important role in signaling management’s ethical culture.

scholarly journals Corporate social responsibility evaluation by different levels of management of Islamic banks and traditional banks: evidence from banking sector of Bangladesh

2016 ◽  
Vol 14 (3) ◽  
pp. 194-202 ◽  
Author(s):  
Md. Abdul Kaium Masud ◽  
Md. Humayun Kabir
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Banking Sector ◽  
Research Area ◽  
Jel Classification ◽  
Primary Data ◽  
Islamic Banks ◽  
Policy Makers ◽  
Corporate Social ◽  
Different Levels

The research aims to evaluate different levels of management understanding and performance on Corporate Social Responsibility (CSR) of traditional banks and Islamic banks in Bangladesh. Moreover, the paper points out the philosophy of both banks’ policy makers. The study is exclusively analytical in nature where 14 banks were selected on the basis of availability of branches in the research area. The research was based on primary data sources through a structured questionnaire. The research findings revealed that there is a gap between policy makers’ assurance of CSR contribution and its real implementation. The analysis found that Islamic banks are better than traditional banks with regard to the implementation of CSR policies. The result also showed that there are still some controversies on CSR performance of Islamic and traditional banks in general. The study also observed that Islamic, as well as traditional banks’ different levels of management conceive that CSR activities are performed by banks for their own interest rather than for social welfare. Therefore, it must be emphasized that good CSR policy is inevitable for all types of banks in Bangladesh. For the betterment of the society, as well as the banks, all levels of management should harmonize their CSR philosophy. Keywords: corporate social responsibility, management performance, traditional bank, Islamic bank, Bangladesh. JEL Classification: G21, M10, M14

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