This paper aims to empirically explore the interrelationship between cg, csr, financial performance fp and corporate social performance csp using a sample of 297 electronics companies operating in taiwan, a newly industrialized asian economy. The international journal of corporate social responsibility jcsr offers a unique platform for the latest theoretical and empirical research and for. Corporate social responsibility and environmental management. International journal of corporate social responsibility. This paper seeks to explore the interrelationship between csr and cg and its. This paper aims to examine two important issues in corporate social responsibility csr scholarship. This paper offers directions for the continuing dialogue between business ethicists and environmental philosophers. Corporate social responsibility, business strategy, and the.
Stavins abstract we examine the concept offirms sacrificing profits in the social interest within the environmental realm, with particular focus on the case of the united states by addressing four keyquestions. In this article, the author traces the evolution of the csr construct beginning in the 1950s, which marks the modern era of csr. Business ethics and corporate social responsibility is. Corporate social responsibility and sustainability. Corporate environmental responsibility springerlink. Corporate social responsibility as an obligation according to j. Corporate social responsibility and access to finance the harvard community has made this article openly available.
An overview of corporate social responsibility 4 what is the business case for csr. Articles on corporate social responsibility csr hub. Corporate social responsibility and sustainability international. I argue that a theory of corporate social responsibility must be consistent with, if not derived from, a model of sustainable economics rather than the prevailing neoclassical model of market economics. Find, read and cite all the research you need on researchgate.
The book is complemented by free online resources, including annotated web links, free fulltext journal articles and more. Pdf corporate social responsibility csr has been an increasingly. Most organizations can be placed somewhere in between. Asian journal of sustainability and social responsibility ajssr provides a platform for research articles on corporate social responsibility and. Corporate social responsibility and the millennials eric. Corporate social responsibility practices incomes and outcomes. The case against corporate social responsibility wsj. Business ethics and corporate social responsibility in the eeconomy. Corporate social responsibility csr, also called corporate conscience, corporate citizenship, social performance, or sustainable responsible business is a form of corporate selfregulation integrated into a business model. The article then discusses the role of csr in community development because. In this paper, we investigate whether superior performance on corporate social responsibility csr strategies leads to better access to finance. Most downloaded journal of corporate finance articles elsevier. Endeavour to bring together scholars in business, the law, and the humanities. The responsibility for opinions expressed in signed articles, studies and other.
The presentday csr also called corporate responsibility, corporate citizenship, responsible business and corporate social opportunity is a concept whereby business organizations consider the interest of society by taking responsibility for the impact of their activities on customers, suppliers, employees. A systems approach for socially responsible capitalism abstract although the concept of corporate social responsibility csr has been advocated for decades and is commonly employed by corporations globally, agreement on. Corporate governance with corporate social responsibility. Corporate social responsibility and access to finance. Your story matters citation cheng, beiting, ioannis ioannou, and george serafeim. The findings show that the understanding of corporate responsibility has evolved. A systems approach for socially responsible capitalism abstract although the concept of corporate social responsibility csr has been advocated for decades and is commonly employed by corporations globally, agreement on how csr should be defined and implemented. Table 6 see pdf shows the trend of the netincome and csr kpi of. Ramanathan procedia economics and finance 11 2014 49 a 59 engelen. Corporate social responsibility across europe is the first volume of its kind to bring.
On economics, ethics, and corporate social responsibility. This article aims to contribute to a better understanding of the conditions in which such communications are valuable. Readership ijcssr is a forum to help managers, professionals, practitioners, researchers and policy makers concerned with contemporary developments in the field of corporate strategy and social responsibility to exchange their. Corporate social responsibility csr, also called corporate conscience, corporate. Issue 1 2009 corporate social responsibility in transitional economies. The concept of corporate social responsibility as a paradigm for firms and businesses to follow has evolved from its early days as a slogan that was considered trendy by some firms following it to the present day realities of the 21st century where it is no longer just fashionable but a business requirement.
Most companies have long practiced some form of corporate social and environmental responsibility with the broad goal, simply, of contributing to the wellbeing of the. For companies, communicating about socially responsible activities does not always lead to benefits. Pdf an overview of corporate social responsibility researchgate. Weyzig, political and economic arguments for corporate social responsibility. Corporate social responsibility csr has become an increasingly important topic in our global society. Corporate social responsibility and shareholders value. The journal deals with strategy and social responsibility at functionlevel as well as from the firm perspective. The authors investigated the effect of corporate social responsibility csr communication on purchasing intentions, according to the focal companys governance. International journal of sustainable entrepreneurship and.
First, the study problematises csr as a form of selfregulation. Corporate social responsibility csr refers to strategies corporations or firms. After the 1990s, the number of outcome studies still maintained at a relatively high level, and incurred another increase in the 2000s and 2010s. Issue 2 2018 exploring spirituality and social responsibility. Implementing corporate social responsibility 18 task 1. Corporate social responsibility, business strategy, and the environment forest l. When marketing scholars started expressing concern for corporate social responsibilities in the 1960s and 1970s, they focused on the social duties attached to the marketing function and not on the overall social role of the firm e. International journal of corporate social responsibility articles.
Corporate social responsibility or csr as we will call it throughout this book is a. A national business system exploration of leading firms in sustainability francesca conte agostino vollero. Asian journal of sustainability and social responsibility. While corporations are busy adopting and enhancing csr practices, the academic literature on understanding the impact of csr is scarce, especially in the capital market. Corporate social responsibility penetration, explicitness, and symbolic communication practices in asia. A framework is provided that integrates organizational. Crosby 1997, corporate social responsibility as a social obligation holds the view that a corporation engages in socially responsible behavior when it pursues profit only within the constraints of law. Csr policy functions as a builtin, selfregulating mechanism whereby business monitors and.
Corporate social responsibility and organizational. Electronic journal of business ethics and organisation studies. Corporate social responsibility strategies in nigeria. International journal of corporate strategy and social. Corporate governance, corporate social responsibility and.
In the chapter, corporate social responsibility is measured within the stakeholder approaches and through 57 variables which includes the criteria of employee rights, management structure, csr strategies, consumers, suppliers, product quality, environment and society, and csr projects and investments. Redefining responsible business for the digital age, bill mcdonald, md of accenture in scotland, 10th july 2017. This article analyses the meaning of csr based on some theories available in literature. Stakeholders pressure, culture, employee commitment, corporate reputation, and brand performance. Research into corporate social responsibility csr in ghana generally, has seen increased scholarly attention but same cannot be said of the specific area of csr and international business ib, ironically th. Corporate social responsibility and accountability. We hypothesize that better access to finance can be attributed to a reduced agency costs due to enhanced stakeholder engagement and b reduced informational asymmetry due to increased transparency.
The impact of corporate social responsibility on firm value. Analysis and a proposition regarding the csr agenda, journal of business ethics, vol. Corporate social responsibility and international business. Corporate social responsibility and sustainable business. Corporate social responsibility and access to finance by. The idea of corporate social responsibility csr that is, businesses bearing a responsibility to so ciety and a broader set of stakeholders beyond its shareholdersgained currency in the 1960s. It is a multidisciplinary, multifunctional, and multicontextual scholarly forum for exchanging the latest research on all aspects of sustainable entrepreneurship. In the last decades the corporate social responsibility csr has been a major subject both for universities, civil society and businesses. Historical background of corporate social responsibility rosamaria c. Though the concepts of corporate social responsibility csr and governance cg have been evolving for decades, no single allencompassing meaning has as yet been achieved. Definitions expanded during the 1960s and proliferated during the 1970s. Corporate social responsibility csr has been found to positively affect the financial performance of firms. The corporate social responsibility of the pharmaceutical.
Corporate social responsibility meaning, need and its evolution. Pdf corporate social responsibility and good governance. Issue 12 2008 ethics and morality in business practice. Citescore values are based on citation counts in a given year e.
Apr 15, 2020 corporate social responsibility penetration, explicitness, and symbolic communication practices in asia. People of the same trade seldom meet together, eve for merriment or diversion, but the conversation ends in a conspiracy against the public, or in some contrivance to raise prices. Corporate social responsibility csr involves activities carried out by businesses based on the principles of transparency, ethical, moral and environmental values. For firms with low customer awareness, the relation is either negative or insignificant.
Apr 14, 2020 corporate social responsibility and international business. Apr 28, 2020 asian journal of sustainability and social responsibility ajssr provides a platform for research articles on corporate social responsibility and. Journal of education for business, v86 n4 p195200 2011 the incorporation of corporate social responsibility csr into an organizations strategic plan may impact the companys ability to attract and keep members of the millennial generation as employees. Since then, attention on csr has been growing in both ac ademic and practitioner communities around the world. Dec 01, 2017 for companies, communicating about socially responsible activities does not always lead to benefits. Written and edited by leading academics in the field, corporate social responsibility is an engaging and accessible text designed for any student seeking an introduction to this complex and ambiguous subject.
There is an impressive history associated with the evolution of the concept and definition of corporate social responsibility csr. However, firms are increasingly monitoring outcomes that are not tr aditional. Corporate social responsibility csr refers to strategies corporations or firms conduct their business in a way that is ethical, society friendly and beneficial to community in terms of development. Journal of economics and management strategy, fall 2007, vol. Corporate responsibility or sustainability is therefore a prominent feature of the business and society literature, addressing topics of business ethics. Corporate social responsibility csr has become one of the core components of corporate strategy and a crucial instrument to minimize conflicts with stakeholders. International journal of corporate social responsibility about.
This paper shows that corporate social responsibility csr and firm value are positively related for firms with high customer awareness, as proxied by advertising expenditures. Corporate social responsibility and impact new research on corporate social responsibility and impact from harvard business school faculty on issues including measuring impact, reporting results, and community involvement. Convene, under the sponsorship of springer, the contributors to the newly published encyclopedia of corporate social responsibility. Corporate social responsibility sage publications ltd. They offer a multilevel and multidisciplinary theoretical fram. Finally, a research agenda is put forward that goes beyond. The case against corporate social responsibility the idea that companies have a duty to address social ills is not just flawed, argues aneel karnani. Corporate social responsibility communication effects the. All references come from scholarly journal articles, articles from the popular press, books, book chapters, and practitioner and expert essays. Issue 6 2019 scientific and technological contributions to social responsibility. Corporate social responsibility and organizational psychology. We have identified a few major trends in csr research, based on an overview of the articles published in amj over nearly 60 years of the journal. Journal of corporate responsibility and leadership news. Previous research has analyzed and debated corporate governance cg and corporate social responsibility csr independently.