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Due to the process of globalization, companies are obligated to observe corporate social responsibility and best practices from a sustainability approach towards their stakeholders and society. The explicit aim is to determine the relevance of the corporate social responsibility (CSR) and its relationship with sustainability, in order to establish...
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... The growing importance of CSR practices aimed at sustainability is evident in various business contexts [37]. CSR is not only a relationship between companies and other entities that can be studied experimentally but also encompasses normative content regarding the responsibilities that can be derived from companies in a changing socio-economic context [38] and, in turn, can provide competitive advantages by enhancing investor relations, strengthening reputation, and adopting eco-friendly practices to reduce costs and risks [2] since CSR evolves from a public relations issue to a core strategic element, as the specific circumstances of the issue, country, industry and company play a critical role [39]. ...
Internationalisation can profoundly reshape corporate social responsibility (CSR). As companies expand into global markets, they not only seek to boost revenues but also to strengthen their social impact. This study explores the influence of internationalisation on the CSR performance of Peruvian manufacturing firms between 2019 and 2022, drawing on the theoretical frameworks of Johanson and Vahlne, the Uppsala model, and Merubia’s theory of international networks. Using panel data econometric models, this study analyses a sample of 21 manufacturing companies based in Lima. It examines how CSR performance relates to key dimensions of internationalisation, including foreign sales, geographic diversification, and cultural diversification. The findings reveal a significant relationship between internationalisation and CSR, suggesting that firms enhance their operations by integrating responsible and sustainable practices throughout their international expansion.
... Furthermore, there has been a growing emphasis on sustainable and socially responsible entrepreneurship. Startups prioritizing principles related to environmental sustainability, social impact, and governance (ESG) have garnered considerable attention from investors and consumers (Abad-Segura et al., 2019;Terán-Yépez et al., 2020). This trend reflects a broader societal shift toward responsible and ethical business practices. ...
We examine the effects of venture capital availability and sustainable investment conditions on new business registrations in the Middle East and North Africa region during 2003–2020. We employ country-level measures of venture capital availability and sustainable investment conditions based on the degree of market readiness to attract sustainable investments and the proportion of managed assets that qualified for sustainable investment. We distinguish between conventional and Shariah-compliant managed assets. We find a significant and positive correlation between venture capital availability and new business registration. We also find a significant and positive correlation between market preparedness to embrace sustainable investments and new business registrations. Additionally, increases in assets under management, encompassing both conventional and Shariah-compliant assets, eligible for sustainable investments, corresponded higher rates of business registration. However, the influence of assets under management comprised solely of conventional assets exhibited ambiguity. Our results remain robust after applying various sensitivity tests, endogeneity analysis. The analysis contributes to the literature by using a novel measure of sustainable investment conditions and contributing to the scarce literature on alternative finance and entrepreneurial activity in a unique region.
... The growing emphasis on environmental sustainability has driven efforts to develop biobased and biodegradable polymer composites. The transition to eco-friendly materials is aligned with global sustainability trends and corporate social responsibility initiatives [11]. One promising approach involves incorporating biomass waste into polymer composites via 3D printing techniques [12][13][14][15][16]. ...
This study analyzed the use of cork-derived biochar, obtained through pyrolysis, as a more sustainable additive than traditional carbon materials. In addition, the present study explored its application in a polymer matrix through additive manufacturing via stereolithography. To the best of our knowledge, this approach has not been reported in scientific literature. The cork biochar retained the morphology of the original cork and integrated well into the photocurable polymer, as demonstrated by scanning electron microscopy. This integration can contribute to the formation of internal networks within the material, potentially modifying some of its properties. At specific low percentages, cork biochar enhanced both the electrical conductivity and mechanical properties of photocurable polymers. Notably, the required biochar concentrations were minimal, facilitating its incorporation into the photopolymer matrix. Additionally, the thermal stability of the material slightly improved at certain percentages but remained comparable to that of the original polymer in all cases. These findings highlight the potential of cork biochar as a sustainable additive for advanced polymer composites.
... Together with that, strong corporate social responsibility (CSR) policies that prioritize sustainability are becoming more and more important. This commitment entails upholding moral behavior, guaranteeing open management, and complying with national and international laws [1]. As a result, companies are shifting from prioritizing profits above social and environmental responsibilities in the 21st century. ...
With an emphasis on how sustainable finance is changing, this paper offers a thorough study of the trends, obstacles, and opportunities in ESG (Environmental, Social, and Governance) investing. This research looks at major growth drivers as ESG factors become more and more integrated into investment plans and company practices. It draws attention to important difficulties such data dependability, greenwashing, and the difficulties in funding net-zero carbon transitions. The study also looks at new trends such as the acceptance of sustainable products by the general public, the increased vigilance against greenwashing, and the growing significance of sincerity and firm promises in ESG practices. The study highlights the revolutionary effect of ESG investment on financial markets and business behavior via a thorough analysis of these dynamics, stressing the necessity of openness, responsibility, and creativity in achieving sustainability goals. This research provides insights into how businesses and investors can adapt to the ever-changing ESG investing landscape and help create a more robust and sustainable global economy.
... It is well established that business owners and managers with greater environmental awareness are more committed to adopting sustainable practices in their operations to reduce their environmental impact [35]. Additionally, moral commitment to the proper use of water is crucial, as it goes beyond compliance with environmental regulations and laws; it represents an ethical commitment by the company to reduce its environmental impact and contribute to environmental conservation [36,37]. Furthermore, moral commitment can positively influence corporate culture and employee motivation. ...
In recent years, awareness of the sustainable use of water has grown across various industries, including the gastronomic sector. This study aimed to examine the impact of corporate social responsibility (CSR) on environmental awareness, moral commitment, corporate image, and the intention of employees from gastronomic SMEs to responsibly manage water usage. To achieve this objective, 354 surveys were conducted with employees from restaurants in Santiago, Chile, and a PLS-SEM model was utilized for data analysis. The results revealed that CSR had a significant impact on ecological awareness and the intention to conserve water. These findings highlight the critical role entrepreneurs and their employees play in water conservation, as they are directly involved in the management of this vital resource.
... This challenges the traditional view of value maximization solely for shareholders, suggesting that a company's success should be assessed based on its impact on all stakeholders, not merely on financial returns to shareholders. Abad-Segura et al. (2019) argue that the growing interest in studying the relationship between socially responsible practices and sustainability aligns with Milton Friedman's shareholders' theory, which emphasizes a company's primary responsibility to increase profits. ...
Many studies have examined the relationship between environmental, social and governance performance (ESGP) and financial performance (FP) across various sectors. However, the statistical results of previous studies exhibit variability, including significant and insignificant positive or negative relationships. Moreover, the effects of using ESG ratings from different databases are rarely considered. This paper investigates the sensitivity of data results from different ESG rating agencies by analyzing the ESG ratings of the same companies from the Bloomberg and Refinitiv databases over a 10-year period, covering 464 companies in environmentally sensitive sectors worldwide. Through examining the relationship between ESGP and FP, our research offers potentially valuable insights into the consequences of using different ESG ratings from different rating agencies. The results indicate that using different ESG scores from different rating agencies significantly alters the main results of such studies in the literature and, consequently, influences researchers' and investors' decision-making processes, depending on which ESG data source is utilized.
... When employees are engages and committed, they become active participants in the organization's CSR efforts, leading to move impactful and sustainable outcomes. According Abad-Segura et al. (2019), corporate social responsibility (CSR) initiatives in agritourism enhance employee intrinsic motivation, organizational commitment, job satisfaction, and loyalty, while maintaining extrinsic motivation, especially when employees participate voluntarily and align their values with ethical and sustainable practices. The effect of CSR on the performance of organizations is intricate, incorporating a number of dynamics like organizational dedication or involvement -a mental situation indicating a worker's devotion to their organization, which has an impact on job contentment, performance as well as retention. ...
... Para que la RSE sea exitosa, es necesario un cambio en las prácticas de gestión, iniciando en los niveles altos de la organización, y, posteriormente, involucrar a los diversos grupos de interés (Abad, et al., 2019). ...
Las empresas se erigen como fuente de crecimiento y desarrollo económico, empleo e innovación, su papel es de importancia en la construcción de un mundo más inclusivo y sostenible, tomando en consideración a las personas y el planeta. La Responsabilidad Social Empresarial (RSE) implica una serie de políticas, procesos, acciones que de manera voluntaria asume la empresa para responder a las exigencias de sus grupos de interés (stakeholders). El objetivo de la investigación es identificar el nivel de apego a la Responsabilidad Social Empresarial en microempresas de servicios en la ciudad de Tierra Blanca, Veracruz, México. El estudio es descriptivo, de corte transversal; con enfoque cuantitativo no experimental (observacional). Los autores aplicaron un instrumento validado, a una muestra de 152 microempresas de servicios, integrado por 21 ítems con escala Likert y fiabilidad de 0.888 dada por el alfa de Cronbach y 0.889 por el omega de McDonalds. Para determinar el nivel de Responsabilidad Social Empresarial se utilizaron baremos con cuartiles. Los resultados muestran que el 49.3 % de las microempresas se ubica en un nivel de RSE de entre el Q1 y Q3. Se concluye que el nivel de Responsabilidad Social Empresarial de la mayoría de las microempresas de servicios de Tierra Blanca se ubica en un nivel medio
... The vascular bundles of the roots and stems are affected, disrupting water transport and causing wilting, which is usually the first indication of a deficiency. This can lead to the death of the terminal bud of the stems (Abad-Segura et al., (2019). ...
Background: Boron plays a crucial role in cell wall construction in plants and also facilitates the transfer of carbohydrates, which are essential for various physiological processes. The objective was to measure element concentrations in soil, water extracts and plant tissues (Zea mays) using Azomethine-H and ICP-MS within a controlled microplate assay. Methods: A microscopic plate repeat test was used to analyze the concentration of boron in soil extracts and plant tissue ash from local Zea mays leaves, considering the global trend in environmental sustainability. Tests aimed to modify the azomethine-H microscopic approach to eliminate pH and chemical interferences in soil samples and plant tissues. Due to their ability to ensure sample repeatability and quality control, micro spectrophotometers are ideal for high-throughput analysis. Result: The microplate test has enhanced boron measurement in soil and plant tissue samples. Our improvements to the microplate B assay have resulted in more accurate boron measurements in these samples. Microplate B testing is effective and suitable analysis in modern research and laboratories, using 40 times less chemical reagent per sample than traditional spectrophotometry. Additionally, microplates enable simultaneous analysis and calibration of samples. The modified plate test significantly improves boron measurement in soil and plant tissue samples, using 40 times fewer reagents than traditional spectrophotometry. This method is cost-effective, ideal research, commercial analysis and making it a valuable tool for modern laboratories.
... Instead of being used to improve people's welfare as taught by Islam, this practice is used to legitimize the companies' sharia-compliance. This is supported by previous research [13] and evidenced by previous research [14] arguing that Islamic banks still lack specific or detailed information regarding schemes or initiatives vis-à-vis poverty eradication or social justice enhancement. ...
Proposing A Nonmainstream Concept of Corporate Social Responsibility through Islamic Perspective Purpose: This article aims to criticize the concept of CSR from an Islamic perspective. Method: Researchers employed hyper-post phenomenology as a methodological approach. Results: The results show that the practice of CSR by Islamic banks in Indonesia has shifted from social to material goals. CSR is only a legitimization tool for "sharia" and from Islamic banks to reap greater profits. Novelty: This research uses the Islamic paradigm, which calls for interdimensional unity by placing spiritualism as its epicenter. Contribution: This article creates a policy framework for integrating social programs with Islamic banks' objectives to achieve falah. Abstrak: Mengusulkan Konsep Tanggung Jawab Sosial Perusahaan yang Nonmainstream dalam Perspektif Islam Tujuan: Artikel ini bertujuan untuk mengritisi konsep CSR dari perspektif islam. Metode: Metode penelitian ini adalah hyper-post-fenomenologi Hasil: Hasil menunjukkan bahwa praktik CSR oleh bank syariah di Indonesia telah terbukti terjadi pergeseran dari tujuan sosial ke tujuan materi. CSR nyatanya hanya menjadi alat legitimasi atas "sharia" dan dari bank-bank Islam untuk meraup laba yang lebih besar. Kebaruan: Penelitian ini menggunakan paradigma Islam yang menghendaki adanya kesatuan antardimensi dengan menempatkan spiritualisme sebagai episentrumnya. Kontribusi: Artikel ini berkontribusi pada pembuatan kerangka kebijakan untuk mengintergrasikan program sosial dengan tujuan bank syariah sendiri, sehingga dapat tercapai falah.
