The Relationship between Firm Innovation and Corporate Social Responsibility

2019 ◽  
Vol 38 (2) ◽  
pp. 137-146
Author(s):  
Thomas D. Berry ◽  
Erica Wagner ◽  
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Firm Innovation ◽  
Informational Asymmetry ◽  
Corporate Social ◽  
The Relationship

Firm innovation creates an informational asymmetry between the firm and outside stakeholders. Since CSR activities have been shown to reduce asymmetries and risk we surmise that firms use discretionary CSR activities to reduce the asymmetries from innovation. We study an innovation intense industry (technology) and find results that support the hypothesis that firms use CSR to signal long term viability of innovative activities.

scholarly journals Impact of Corporate Social Responsibility on the Financial Performance of Banks in Pakistan

2014 ◽  
Vol 21 ◽  
pp. 9-19 ◽  
Author(s):  
M. Shoukat Malik ◽  
Muhammad Nadeem
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Financial Performance ◽  
Service Sector ◽  
Annual Reports ◽  
Net Profit ◽  
Corporate Social ◽  
The Impact ◽  
The Relationship

The purpose of this paper is to investigate the impact of Corporate Social Responsibility on the Financial Performance of banks in the service sector of Pakistan. The data is obtained from the annual reports issued by the banks during 2008-2012. To verify the relationship between EPS, ROA, ROE, Net Profit and CSR regression models are used. The results show that there is lack of CSR in Pakistan and the regression model shows that there is positive relationship between profitability (EPS, ROA, ROE, and Net Profit) and CSR practices. The Financial institutions which implements CSR in their operations earn more profit for the long term periods.

scholarly journals Corporate Social Responsibility and Sustainable Development for Creating Value for FMCG Sector Enterprises

2019 ◽  
Vol 11 (20) ◽  
pp. 5808 ◽  
Author(s):  
Katarzyna Liczmańska-Kopcewicz ◽  
Katarzyna Mizera ◽  
Paula Pypłacz
Keyword(s):  
Sustainable Development ◽  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Environmental Aspects ◽  
Business Operations ◽  
Csr Strategy ◽  
Social Environmental ◽  
Corporate Social ◽  
The Relationship

In recent years, attention has been increasingly paid to social-, environmental-, and ecology-related issues in the areas of diverse business operations. The concept of sustainable development of enterprises is an attempt to integrate a diverse set of requirements for the development of companies in the long-term future. The concept, which is set in a contradictory context of economic, social, and environmental aspects, is an attempt to balance fundamentally divergent requirements and aspirations. Sustainable enterprise development can be a source of competitiveness, provided the opportunities related to it are identified and implemented in a proper way. The research objective of this study is to diagnose the relationship between the company’s orientation towards the implementation of sustainability assumptions, the degree of implementation of the objectives of the corporate social responsibility (CSR) strategy, as well as the creation of value in a sustainable enterprise. The survey was conducted on a sample of 165 FMCG (fast-moving consumer goods) sector enterprises. The results indicate the existence of a positive correlation between the variables analysed in the surveyed enterprises. Entrepreneurs guided by sustainable development pursue economic and non-economic values and have a more comprehensive set of appropriate measures necessary to create value in a sustainable enterprise, which consists of achieving economic, ecological, and social goals.

scholarly journals Employee Satisfaction, Corporate Social Responsibility and Financial Performance

2021 ◽  
Vol 13 (18) ◽  
pp. 9996
Author(s):  
Chu-Hsuan Chang ◽  
Hsiou-Wei Lin ◽  
Wen-Hsien Tsai ◽  
Wei-Liang Wang ◽  
Cheng-Tsu Huang
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Financial Performance ◽  
Employee Turnover ◽  
Direct Benefit ◽  
Financial Outcomes ◽  
Corporate Social ◽  
Original Equipment Manufacturers ◽  
The Relationship

This study explores the extent to which employee turnover, a proxy variable to employee loyalty, helps mediate the relationship between Taiwanese firms’ corporate social responsibility (CSR) performance and financial outcome. The results show that a firm’s CSR performance is negatively correlated with employee turnover and turnover variability, and moreover, employee turnover is negatively correlated with a firm’s financial performance. The result is especially noteworthy for studies regarding Taiwanese companies since quite a few of them are original equipment manufacturers (hereafter also referred to as OEMs), of intermediate goods. For the sample firms, although the contribution of social responsibility appears to have insignificantly direct benefit on financial performance, we document that the extent to which CSR conducts influence on long-term financial outcomes may be moderated and mediated by employee enthusiasm.

scholarly journals Empirical study on the correlation of corporate social responsibility with the banks efficiency and stability

2013 ◽  
Vol 10 (4) ◽  
pp. 86-93 ◽  
Author(s):  
Tatiana Vasileva ◽  
Anna Lasukova
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Short Term ◽  
Main Hypothesis ◽  
National Bank ◽  
Corporate Social ◽  
The Impact ◽  
The Relationship

The aim of this paper is to investigate the relationship between the concept of corporate social responsibility and the most important characteristics of banking – the efficiency and stability in a sample of twelve Ukrainian banks, which are the biggest banks in Ukraine according to the classification of the National Bank of Ukraine (NBU). Our research covers the period from 2006 to 2012. Based on the literature review we construct two main hypothesis related to the impact on the corporate social responsibility concept (CSR) of the following independent variables: 1 – efficiency (as a short term period characteristics of banking), 2 – stability (as a long term characteristics of banking).

scholarly journals Corporate Social Responsibility in Hotels: A Proposal of a Measurement of its Performance through Marketing Variables

2020 ◽  
Vol 12 (7) ◽  
pp. 2961 ◽  
Author(s):  
José Manuel Mariño-Romero ◽  
José Manuel Hernández-Mogollón ◽  
Ana María Campón-Cerro ◽  
José Antonio Folgado-Fernández
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Online Survey ◽  
Structural Model ◽  
Quantitative Methodology ◽  
Marketing Variables ◽  
Hotel Managers ◽  
Corporate Social ◽  
The Relationship

The research into Corporate Social Responsibility (CSR) has been prolific in the last years, although few studies have focused their attention on studying its relationship with economic performance within the hotel industry, even less incorporating marketing variables as a result. This work aims to determine the relationship between the implementation of CSR policies and their influence on the Revenue Per Available Room (RevPAR) in Spanish hotels, through marketing variables. A quantitative methodology was conducted using an online survey, gathering a sample of 230 hotel managers from Spain. The results of the structural model analyzed reveal that CSR has a discreet but significant role for understanding how marketing variables and RevPAR operate. CSR has a direct impact on RevPAR, but it also influences it indirectly through marketing variables. Therefore, CSR arises as a fundamental strategy to improve the results of the hotel sector in the long term.

scholarly journals The marginal morality (die Grenzen der Moral) as an ethical challenge and as the knowledge on how to gain competitive advantage

2017 ◽  
Vol 20 (5) ◽  
pp. 21-31
Author(s):  
Przemysław Rotengruber
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Competitive Advantage ◽  
Ethical Challenge ◽  
The Everyday ◽  
The One ◽  
Corporate Social ◽  
The Relationship ◽  
Final Calculation

The aim of this article is to scrutinize the relationship between the moral attitude of an entrepreneur and his or her possibility to gain competitive advantage. This declaration leads to the following question: does the everyday practice confirm or deny the economic usefulness of the postulate of corporate social responsibility? On the one hand, moral desertion is obviously profitable (also in the economic sense). Partners of the deserter, in most cases, are not able to avoid (unexpected and expansive) consequences of his or her new attitude towards them. On the other hand, this strategy—in long-term perspective—seems to be doubtfully profitable. The former victims orientate themselves to their new circumstances and become ready to face the attack. Therefore, the corporate social responsibility, in the final calculation, should be taken as the only way to protect active participants of the market against the temptation to neglect their obligation towards people, who can punish or reward them (as stakeholders and whistleblowers).

scholarly journals Internal Control, Nature of Equity and Corporate Social Responsibility

2018 ◽  
Vol 9 (1) ◽  
pp. 12
Author(s):  
Lu Sun ◽  
Nanni Su
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Internal Control ◽  
Empirical Test ◽  
Stock Exchanges ◽  
Corporate Social ◽  
The Relationship ◽  
Positive Effect ◽  
Better Than

Enterprises can promote the fulfillment of corporate social responsibility through excellent internal control so as to achieve the long-term development. Based on the empirical data of main board listed companies of Shanghai and Shenzhen Stock Exchanges from 2013 to 2015, this paper conducts an empirical test by establishing the relationship models among internal control, nature of equity and corporate social responsibility. The results indicate that: (a) Internal control can positively promote the fulfillment of corporate social responsibility; (b) The state-owned enterprises fulfill corporate social responsibility better than non-state-owned enterprises; (c) State-owned enterprises can enhance the positive effect of internal control on the fulfillment of corporate social responsibility.

scholarly journals A Study of the Relationship between Corporate Social Responsibility Report and the Stock Market

2020 ◽  
Vol 12 (21) ◽  
pp. 9200
Author(s):  
An-An Chiu ◽  
Ling-Na Chen ◽  
Jiun-Chen Hu
Keyword(s):  
Corporate Social Responsibility ◽  
Stock Market ◽  
Social Responsibility ◽  
Stock Exchange ◽  
Abnormal Returns ◽  
Csr Reporting ◽  
Corporate Social Responsibility Report ◽  
Corporate Social ◽  
The Relationship

This study mainly investigates the relationship between corporate social responsibility (CSR) reporting and the reaction in the stock market. Specifically, we utilize the data from Taiwanese stock market from 2012 to 2017 to examine whether the CSR report disclosed by the listed companies on the Taiwan Stock Exchange and the Taipei Exchange will cause abnormal returns on the short-, mid- or long-term horizon. The empirical results demonstrate that companies which disclose their CSR reports generate higher and more positive mid- to long-term abnormal returns than undisclosed companies. In addition to filling the gap of previous studies, this study also examines whether CSR reports mitigate the information asymmetry between management and stakeholders. Companies disclosing their CSR reports will boost the confidence of investors and lead to higher stock return valuations.

scholarly journals Promoting Cooperation Between Corporate Social Responsibility And Inter-Organizational Relationships

2013 ◽  
Vol 11 (10) ◽  
pp. 417
Author(s):  
Richard Peters ◽  
Cary A. Caro
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Network Resources ◽  
Organizational Relationships ◽  
Quarter Century ◽  
Specific Factors ◽  
Corporate Social ◽  
The Relationship

<p>Although the fields of Corporate Social Responsibility (CSR) and Relationship Exchange have both significantly developed over the last quarter century, their content and concepts have largely remained independent. This study seeks to integrate the two streams of research by proposing an antecedent role for CSR with respect to stimulating collaborative agreements between firms and suppliers. Here we investigate the relationship between CSR and relationship exchange through a mediated model, which includes three specific factors: trust, reputation and network resources. We propose that it is through these factors that CSR influences the willingness of both partners to initiate collaborative, long-term exchanges.</p>

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