The Self-Interest Motive Versus Corporate Social Responsibility

1994 ◽  
Vol 5 ◽  
pp. 541-552
Author(s):  
Robert F. O’Neil ◽  
Darlene A. Pienta ◽  
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
The Self ◽  
Self Interest ◽  
Corporate Social

scholarly journals Does Corporate Social Responsibility Impact on Corporate Risk-Taking? Evidence from Emerging Economy

2022 ◽  
Vol 14 (1) ◽  
pp. 531
Author(s):  
Xiao Li ◽  
Gang Liu ◽  
Qinghua Fu ◽  
Abdul Aziz Abdul Rahman ◽  
Abdelrhman Meero ◽  
...  
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Risk Taking ◽  
The Self ◽  
The Sustainable Development ◽  
Agency Conflict ◽  
Self Interest ◽  
Corporate Social ◽  
Corporate Risk ◽  
The Impact

This study analyzes the impact of corporate social responsibility (CSR) fulfillment on corporate risk-taking to assist stakeholders in identifying the “double-edged sword” role of CSR activities and provide empirical evidence for enterprises to properly carry out CSR activities. The results show that the self-interest instrumentalization of CSR activities intensifies agency conflict, and CSR fulfillment weakens risk-taking to a certain extent. When CSR fulfillment reaches a certain value, CSR activities can improve risk-taking. Then, CSR fulfillment and risk-taking show a U-shaped relationship. Further analysis shows that the impacts of CSR on debt financing and R&D input reflect the U-shaped effect pathways of CSR fulfillment on risk-taking. Finally, it is suggested that CSR activities should be avoided to become the “self-interest tool” of the management. The regulators guide enterprises to break through the inflection point of the U-shaped effect and consider more for the stakeholders’ overall interests. Additionally, the regulators establish an effective compensation system to ensure that the enterprises with adequate CSR fulfillment obtain high-quality capital resources and promote the sustainable development of the capital market.

Pareto-Superiority of Corporate Social Responsibility in Unionised Industries

2019 ◽  
Vol 19 (2) ◽  
pp. 131-150 ◽  
Author(s):  
Luciano Fanti ◽  
Domenico Buccella
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Social Welfare ◽  
The Social ◽  
Self Interest ◽  
Social Concerns ◽  
Corporate Social ◽  
Profit Maximisation ◽  
Csr Engagement ◽  
Central Level

Economists believe that a firm’s engagement in Corporate Social Responsibility (CSR) is motivated by objectives beyond increasing profits. Using a duopoly framework with convex technology and an industry-wide union-setting wage at the central level, this work shows that, when owners cooperatively select a level of CSR engagement, profits under CSR are higher than under standard profit maximisation; thus, the simple self-interest of firms’ owners leads to the adoption of CSR. Moreover, the union, consumers, and the overall social welfare in the presence of CSR activities are higher than without CSR. As such, the social concerns of firms’ owners yield a Pareto-superior outcome. JEL: J51, L13, M14

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.

A new day for Hulk Hogan: Celebrity selves and racial diversity in contemporary professional wrestling

2021 ◽  
pp. 136754942110288
Author(s):  
Wilson Koh
Keyword(s):  
African American ◽  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Racial Politics ◽  
Racial Diversity ◽  
Streaming Video ◽  
The Self ◽  
Professional Wrestling ◽  
Contemporary World ◽  
Corporate Social

This paper considers contemporary World Wrestling Entertainment’s new racial politics in the light of Hulk Hogan’s 2015 erasure from the Federation after a leaked racist sex tape rant, and the African-American wrestlers The New Day’s rise to fame during the same period. This paper locates WWE’s actions as responses in line with a domestic media marketplace where the rhetoric of racial diversity is fetishised. In doing so, this paper combines literature on corporate social responsibility, race, and the performativity of the self in contemporary celebrity culture. This paper reads World Wrestling Entertainment’s actions as strategies through which the Federation’s corporate social responsibility is spectacularly performed, allowing it to grow and survive in the streaming video era.

scholarly journals Corporate Fight against the COVID-19 Risks Based on Technologies of Industry 4.0 as a New Direction of Social Responsibility

Risks ◽  
2021 ◽  
Vol 9 (12) ◽  
pp. 212
Author(s):  
Agnessa O. Inshakova ◽  
Anastasia A. Sozinova ◽  
Tatiana N. Litvinova
Keyword(s):  
Regression Analysis ◽  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Industry 4.0 ◽  
The Self ◽  
Management Implications ◽  
Household Expenditures ◽  
Correlation And Regression Analysis ◽  
Isolation Index ◽  
Corporate Social

The purpose of the article: to find new (most effective) directions for the corporate COVID-19 risks management and developing management implications for leading this fight amid the pandemic and crisis for sustainable development. The methods of correlation and regression analysis are used. It is proved that the most perspective method of the corporate fight against the COVID-19 risks is a flexible transformation of business according to the new conditions based on the Industry 4.0 technologies. This paper further develops and supplements the concept of corporate social responsibility, including a new direction—corporate fight against the COVID-19 risks in it. The authors develop management implications on improving the corporate fight against the COVID-19 risks as a new direction of corporate social responsibility amid the pandemic. The advantages of using the Industry 4.0 technologies for the corporate fight against the viral threat include reduction of the share of the population with household expenditures for healthcare above 25% of total expenditures or incomes, reduction of the number of new cases per 1 million people, and an increase of the self-isolation index, the share of responsible employers amid COVID-19 risks.

The engagement continuum model using corporate social responsibility as an intervention for sustained employee engagement

2015 ◽  
Vol 39 (3) ◽  
pp. 182-202 ◽  
Author(s):  
Marie Anttonitte Valentin ◽  
Celestino C Valentin ◽  
Fredrick Muyia Nafukho
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Employee Engagement ◽  
Continuum Model ◽  
Self Determination Theory ◽  
The Self ◽  
Self Determination ◽  
Motivating Factors ◽  
Content Type ◽  
Corporate Social

Purpose – The purpose of this paper is to explore implications of motivational potential that are highly correlated to the self-determination theory (SDT) (intrinsic motivating factors), in relation to corporate social responsibility (CSR). This paper specifies key antecedents of engagement within the theoretical framework of the self-determination theory as it relates to employee engagement and CSR. Design/methodology/approach – The methods used for the purpose of this paper include a review of the relevant literature utilizing the descriptors of employee engagement, SDT and CSR. Alternative descriptors were not queried. The authors then selected articles that were found to be most cited, reviewed such articles and began to analyze the literature, synthesize and formulate connections. Findings – Based on research findings, a conceptual model was formulated and posited for research and practice. It is demonstrated in the paper that employee engagement has a wide range of benefits for all involved and focuses on key antecedents of engagement created through CSR initiatives and intrinsic motivating factors as pointed out from SDT, which may serve to provide a comprehensive representation of the likely influences of intrinsic motivating drivers on employee engagement. Research limitations/implications – The main limitations of this paper is that it is conceptual in nature and, hence, the need for a study designed to empirically test the conceptual model developed in this research. Originality/value – The result and contribution to the field of human resource development is the development of the engagement continuum model from which employee engagement emerges through the dynamic interplay of CSR as an intervention, creating positive results using the theoretical framework of SDT and resulting in a perceived sustained state of employee engagement.

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