scholarly journals Does Core Competence Affect Corporate Social Responsibility?

2021 ◽  
Vol 13 (4) ◽  
pp. 132-150
Author(s):  
Changling Sun ◽  
Stanislav Skapa ◽  
Jinzhao Liu ◽  
Jakub Horak ◽  
Yaning Yang
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Core Competence ◽  
Market Competition ◽  
Economic Consequences ◽  
Practical Significance ◽  
Key Factor ◽  
The Core Competence ◽  
Corporate Social ◽  
The Impact

Core competence is the key factor in the competitiveness of enterprises. This study examines whether enterprises with stronger core competence have the ability and motivation to fulfill more corporate social responsibilities. Taking the non-financial companies listed in the A-share market in China from 2010 to 2019 as the research samples, this paper constructs the measurement index of core competence by text analysis method and empirically tests the impact of core competence on corporate social responsibility. We find that the stronger the core competence is, the higher the corporate social responsibility will be, which means core competence can significantly improve corporate social responsibility. This conclusion remains significant after a series of robustness tests. The mechanism test shows that the impact of core competence on corporate social responsibility is realized by enhancing financial strength and increasing external attention. Further research shows that the relationship between core competence and corporate social responsibility are affected by the nature of the enterprise and the degree of market competition. When the enterprise is a non-state-owned enterprise or the industry competition is more intense, the influence of core competence on corporate social responsibility is stronger. This paper reveals the important impact of core competence on corporate social responsibility, which not only enriches the literature on the economic consequences of core competence and the influencing factors of corporate social responsibility but also has a certain practical significance for how to improve corporate social responsibility.

scholarly journals Will the Governance of Non-State Shareholders Inhibit Corporate Social Responsibility Performance? Evidence from the Mixed-Ownership Reform of China’s State-Owned Enterprises

2022 ◽  
Vol 14 (1) ◽  
pp. 527
Author(s):  
Rongwu Zhang ◽  
Yanzhen Lin ◽  
Yingxu Kuang
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Internal Control ◽  
Market Competition ◽  
Economic Consequences ◽  
Mechanism Analysis ◽  
The Social ◽  
High Level ◽  
Corporate Social ◽  
The Impact

Fulfilling social responsibilities in order to sustain development has increasingly become a strategic choice for companies. Good corporate governance can guarantee high corporate social responsibility performance. This paper selects state-owned enterprises listed on the Shanghai and Shenzhen A-Share market from 2013 to 2019 as samples and uses a panel data OLS regression model to empirically test the impact of the governance of non-state shareholders on the social responsibility performance of state-owned enterprises from two aspects of shareholding: structure and high-level governance. The results show that, first, the governance of non-state shareholders helps to improve the social responsibility performance of state-owned enterprises; second, that mechanism analysis indicates that non-state shareholders improve the social responsibility performance of state-owned enterprises by improving the internal control quality; and third, the impact of the governance of non-state shareholders on the social responsibility performance of state-owned enterprises is heterogeneous in three aspects: the degree of marketization, the level of product market competition, and the corporate profitability. This paper not only helps to clarify the factors which influence the social responsibility performance of state-owned enterprises, but also enriches studies on the economic consequences brought by non-state shareholders through participating in the governance of state-owned enterprises.

Corporate social responsibility and corporate payout policy: the impact of product market competition

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Shahbaz Sheikh
Keyword(s):  
Corporate Social Responsibility ◽  
Firm Performance ◽  
Social Responsibility ◽  
Social Performance ◽  
Market Competition ◽  
Global Reporting Initiative ◽  
Product Markets ◽  
Content Type ◽  
Corporate Social ◽  
The Impact

PurposeThe purpose of this paper is to empirically investigate if and how firm performance in corporate social responsibility (CSR) is related to corporate payouts and how competition in product markets influences this relation.Design/methodology/approachLogit and Tobit regressions are used to estimate the relation between firm performance in CSR and corporate payouts.FindingsThe empirical results show that firm performance in CSR is positively related to the propensity and level of dividends, repurchases and total payouts (dividends plus repurchases). However, the positive relation between CSR performance and corporate payouts is significant only for firms that operate in low competition markets. In high competition markets, CSR performance does not seem to have any significant relation with corporate payouts.Research limitations/implicationsThis study uses MSCI social ratings data to measure net scores on CSR. There is no systematic conceptual reason for measuring social performance using MSCI social ratings. Future research should use other measures of social performance (e.g. Dow Jones Sustainability Index, Accountability Ratings and Global Reporting Initiative to estimate the relation between CSR and corporate payouts).Practical implicationsCSR firms are more likely to choose higher payouts when they operate in low competition markets.Originality/valueThis study contributes to the stream of research that evaluates the payout choices of CSR firms and competition in product markets. To the author's knowledge, this is the first study that documents the impact of market competition on the relation between firm performance in CSR and corporate payouts.

scholarly journals Research on the Relationship between Corporate Social Responsibility and Commercial Credit Financing-Empirical Analysis Based on Big Data of Shanghai and Shenzhen A-share Enterprises

2021 ◽  
Vol 251 ◽  
pp. 01045
Author(s):  
Feng Gege
Keyword(s):  
Big Data ◽  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Market Competition ◽  
Negative Relationship ◽  
Credit Financing ◽  
Corporate Social ◽  
The Impact ◽  
The Relationship ◽  
A Share

Based on the big data of Shanghai and Shenzhen stock exchanges A-share listed companies from 2009 to 2019, this paper uses fixed effect model to analyze the impact mechanism of corporate social responsibility on commercial credit financing. The results show that: there is a significant negative relationship between corporate social responsibility and commercial credit financing, and the degree of market competition positively adjusts the relationship between the two. Further research finds that corporate social responsibility will increase cash holdings and then affect commercial credit financing.

scholarly journals The Impact of Corporate Social Responsibility on Organizational Performance in Telecommunication Sector in Jordan

2019 ◽  
Vol 13 (4) ◽  
pp. 1 ◽  
Author(s):  
Bana Al-ma’ani ◽  
Shaker Al-Qudah ◽  
Husam Shrouf
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Financial Performance ◽  
Organizational Performance ◽  
Telecommunication Sector ◽  
Performance Estimate ◽  
Telecommunication Companies ◽  
Key Factor ◽  
Corporate Social ◽  
The Impact

The study has aimed to investigate the impact of corporate social responsibility on organizational performance. The data from three telecommunication companies were collected through questionnaires, based on the Likert scale. The data has been collected from 500 employees of telecommunication companies. Statistical tools were used to analyze the data. The results showed that internal CSR positively affects both non-financial and financial performance. In addition, external CSR proved to positively affect non-financial performance. The effect of external CSR on financial performance was negative, but not significant. The current study provides insights into the value of corporate social responsibility key on organizational performance in telecommunication companies. Additionally, most of the respondents considered CSR as a key factor influencing the Organizational Performance of companies. This approach is expected to support telecommunication company’s managers in the developing world to evaluate their current performance, estimate the desired state based on the results.

scholarly journals Can strategic corporate social responsibility drive corporate innovation?

2021 ◽  
Vol 52 (1) ◽  
Author(s):  
Zhenzhen Yang ◽  
Hanning Su ◽  
Wenzhang Sun
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Market Competition ◽  
Economic Consequences ◽  
Business And Society ◽  
Corporate Innovation ◽  
Strategic Csr ◽  
Corporate Social

Purpose: In practice, an increasing number of economic entities have begun to consider strategic corporate social responsibility (CSR) as an opportunity to create a win-win situation for the organisation and the society. The existing literature has yet to soundly corroborate the role of strategic CSR in corporate innovation. This study examines the relationship between strategic CSR and innovation.Design/methodology/approach: The empirical regression models are estimated to analyse the data collected from 2817 firms yielding 18 845 firm–year observations from 2001 to 2014 in the United States.Findings/results: The findings indicate that firms with strategic CSR generate more and better innovation outputs. The positive effect is more pronounced when institutional ownership is lower, when firm size is larger, and when product market competition is more intense. In terms of economic consequences, firms with strategic CSR actually have higher commercial value and are less likely to suffer loss from failed innovation.Practical implications: To establish a sustainable relationship with stakeholders and realise the long-term development of business and society, enterprises should engage in strategic CSR in a planned manner based on their own resources and professional expertise.Originality/value: The study sheds light on a growing body of literature that investigates the real consequences of firms’ strategic CSR, and explains the growing recognition of the importance of strategic CSR.

Роль соціального капіталу аграрного підприємства в імплементації засад корпоративної соціальної відповідальності

Ekonomika APK ◽  
2021 ◽  
Vol 319 (5) ◽  
pp. 17-29
Author(s):  
Mykola Hrytsaienko
Keyword(s):  
Social Capital ◽  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Business Strategy ◽  
Empirical Method ◽  
Practical Significance ◽  
Agricultural Enterprises ◽  
Foreign Companies ◽  
Corporate Social ◽  
The Impact

The purpose of the article is to provide a scientific and analytical assessment of the social responsibility of an agricultural enterprise in the projection of determining the impact of its social capital on the implementation of the principles of corporate social responsibility. Research methods. The research used dialectical methods of cognition of processes and phenomena, monographic method (genesis of scientific achievements of domestic and foreign scientists on the problems of corporate social responsibility of agricultural enterprises), empirical method (on a comprehensive assessment of the current state of the object of study), comparative analysis and problems of implementation of the principles of social responsibility of business in the countries of the world and in Ukraine), abstract-logical (theoretical generalizations and formulation of conclusions). Research results. In the process of studying the development of corporate social responsibility the author's interpretation of its essence is formulated, the experience of advanced domestic and foreign companies on the implementation of its principles as the main business strategy is studied, its assessment for advanced domestic agricultural enterprises is made on the basis of improved methodology. The role of social capital in the implementation of corporate social responsibility is determined, as well as the institutional transformations in the field of its implementation, which affect the formation and use of social capital itself. Scientific novelty. Theoretical provisions for formulating the essence of the concept of corporate social responsibility have been further developed. Improved methods for assessing the level of social responsibility of agricultural enterprises. The causal links between social capital and corporate social responsibility are identified. Practical significance. Along with some positive developments in the implementation of corporate social responsibility, shortcomings in the practice of its dissemination have been identified. Proposals have been made to eliminate them through the accumulation and efficient use of social capital. Tabl.: 5. Figs.: 3. Refs.: 30.

scholarly journals Green Policy, Corporate Social Responsibility and Environmental Protection Investments - Evidence from Chinese Listed Companies in Heavy Pollution Industries

2021 ◽  
Author(s):  
Jingyi Zhang
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Market Competition ◽  
Listed Companies ◽  
Green Policy ◽  
Environmental Investment ◽  
Chinese Listed Companies ◽  
Heavy Pollution ◽  
Corporate Social ◽  
The Impact

Abstract Corporate environmental investment decision-making behavior is influenced by both the external factor of government green policy and the internal factor of corporate social responsibility. This paper empirically examines the effects of green policies and corporate social responsibility on corporate environmental investment using a fixed-effects panel data model with a sample of Chinese listed companies in the heavy pollution industry from 2013-2019 and further analyzes the possible moderating role played by market competition. The results show that: (1) Green policy and corporate environmental investment have an inverted “U-shaped” relationship, which indicates that there is a ”degree” limit to the impact of green policy on corporate environmental investment. (2) There is a U-shaped relationship between green investment and environmental governance green policy tools and corporate environmental investment, while infrastructure green tool and corporate environmental investment in an inverted U-shaped relationship (3) Corporate social responsibility and the scale of its environmental investment has a positive relationship, green policy and corporate social responsibility have a joint effect corporate environmental investment. (4) The higher the degree of market competition, the more significant the effect of green policy on corporate environmental investment.

scholarly journals Research on the impact of market competition, ownership structure and corporate social responsibility

2018 ◽  
Vol 1 (3) ◽  
Author(s):  
Li Huang ◽  
Chaoyan Hu
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Ownership Structure ◽  
Market Competition ◽  
Ownership Concentration ◽  
Equity Structure ◽  
Product Competition ◽  
Negative Balance ◽  
Corporate Social ◽  
The Impact

Abstract:This article takes companies listed from 2014 to 2016 as research objects, relies on principal-agent theory, stakeholder theories, and reputation theories, and examines the ownership structure, market competition, and corporate social responsibility(CSR) using a multiple regression approach based on a hybrid ownership perspective. At the same time, the relationship between market competition and equity structure was studied. Research shows that product competition degree and CSR are in an inverted “U” relationship; ownership concentration is positively related to CSR; equity balance and CSR are negative. When related to market competition variables, the mixed-owned companies listed degree of ownership concentration is still positively related to CSR,and the linear relationship of negative balance of ownership balance becomes an inverted “U”shaped curve relationship.The market Competition has improved the restraint of CSR by the degree of ownership balance.

scholarly journals Can core competence help reduce stock price synchronicity? - Empirical evidence based on text analysis

PLoS ONE ◽  
2021 ◽  
Vol 16 (11) ◽  
pp. e0259409
Author(s):  
Changling Sun ◽  
Hetao Sun ◽  
Nian Li ◽  
Muhammad Asif Khan ◽  
Zixi Zhang
Keyword(s):  
Text Analysis ◽  
Stock Price ◽  
Core Competence ◽  
Market Competition ◽  
Relevant Literature ◽  
Practical Significance ◽  
Stock Price Synchronicity ◽  
The Core ◽  
The Core Competence ◽  
The Impact

This paper constructs the measurement index of core competence by text analysis method and empirically tests the impact of core competence on stock price synchronicity. We find that the stronger the core competence, the lower the stock price synchronicity, and mechanism test shows that core competence reduces the stock price synchronicity by enhancing the transparency of corporate information, which is still valid under a series of robustness tests. Further research shows that:(1) when the corporate governance environment is poor (higher level of internal earnings management, lower quality of accounting information, greater separation of ownership and control, lower shareholding ratio of external institutional investors, weaker product market competition, less media attention), the core competence has a more significant effect on the decline of stock price synchronization; (2)vertically, the dynamic improvement of core competence in the time dimension can play a role in stabilizing stock price synchronization; (3)after distinguishing the types of core competence, we find that the core competence related to information disclosure is more helpful to reduce the stock price synchronization; (4)after the CSRC forces listed companies to disclose the core competence information in the annual report, the core competence plays a stronger role in reducing the stock price synchronization. This study reveals the important role of core competence in reducing stock price synchronization. It not only enriches the relevant literature of core competence and stock price synchronization, but also has important practical significance for the government and regulatory departments to improve the efficiency of capital market allocation.

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