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In recent years, we have witnessed how companies and institutions have devoted significant effort to developing Corporate Social Responsibility (CSR) policies, basing their decision on the improvement in company results and the subsequent benefits for shareholders and other stakeholders. CSR means that managers must go beyond the mere satisfaction...
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... [7,35]: Financial risk and investment policy are included as is the variable Marg which represents Gross Operating Margin; with regard to size, large and medium-sized enterprises are differentiated. Furthermore, we included a dummy variable for the sector of economic activity (See Table 1). ...
Citations
... To mitigate the risk of dismissal and pay loss, CEOs engage more in CSR practices in their early service period (Khan et al., 2021;Oh et al., 2014). Former literature avouch that CSR practices and shareholders' wealth have a positive relationship (Fernández-Guadaño & Sarria-Pedroza, 2018). Therefore, we conjecture that top-notch executives' CSR engagement is positively associated with shareholder wealth, and CEOs get rewarded in their compensation packages. ...
The present study investigates whether CEO initial tenure is essential in establishing CSR practices. In further analysis, we contemplate the consequences of CEO’s initial service tenure CSR engagement. Our analysis is based on the sample of Chinese-listed firms from 2009 to 2019 periods—the research study used a fixed-effect panel approach for analyzing the dataset. A two-stage-least square test is then used to address the endogeneity problem. The study's findings manifest that CEO tenure is negatively and significantly associated with CSR practices. In an additional analysis, the study reveals that CEOs have more significant career concerns in the initial service period than afterward in their later service period. Therefore, CSR practices increase in CEO's initial service tenure. Moreover, the study documented that the CEO’s CSR engagement in their initial tenure has a positive-and-significant association with their compensation package and lessens the risk of dismissals. Finally, we demonstrate that CEOs concentrate more on CSR practices in coastal regions of China. This research is helpful for policymakers in devising CSR policies and making corporate governance decisions.
... Green innovation activities require a lot of time and capital investment, and there is uncertainty in the innovation process, which can lead to the loss of immediate interests of enterprises and hinder the implementation of green innovation activities. CSR is different from the traditional financial objective of "maximizing shareholders' interests" and emphasizes that corporate decisions are subject to the constraints of stakeholders, and its basic principle is based on stakeholder theory [83,84]. According to stakeholder theory, corporate stakeholders include government, consumers, the environment, and the public, etc., and companies should take responsibility for their stakeholders [85]. ...
With the wide application of digital technologies such as big data, cloud computing and 5G technology, the digital transformation of enterprises provides new ways for enterprises to enhance green innovation and achieve sustainable development. Starting from the resource-based view and combining signaling theory and stakeholder theory, this article empirically analyzes the impact of enterprise digitalization level on green innovation by examining the effect of enterprise digitalization level on green innovation and the inner transmission mechanism. The results show that (1) the digitalization level of enterprises can promote the improvement of green innovation, and this is not affected by the nature of property rights and the region of enterprises; (2) there is a partial mediating effect of government subsidies in the relationship between the digitalization level of enterprises and green innovation, and enterprises can obtain more innovation resources and thus promote green innovation through the improvement of digitalization level, and this effect is stronger in enterprises in eastern regions than in other regions; (3) The relationship between digitalization level and green innovation is positively affected by the fulfillment of corporate social responsibility, and the promotion effect of digitalization level on green innovation is strengthened as the degree of fulfillment of corporate social responsibility increases. This article reveals the ways in which digitalization level influences enterprise green innovation, which further enriches the theoretical study of enterprise green innovation. The article provides policy suggestions for the government to improve the level of corporate green innovation and achieve the dual carbon goal; it also provides references for enterprises to build a multi-level influence mechanism to promote the improvement of the green innovation level based on the stakeholder theory.
... Corporate Social Responsibility adalah tanggung jawab sosial perusahaan yang dilakukan terhadap lingkungan dan masyarakat yang pada akhirnya akan menciptakan perilaku positif yang dapat memberikan keuntungan untuk perusahaan (Ma et al., 2020). Corporate Social Responsibility adalah suatu proses yang berfungsi untuk menyatukan interaksi sosial, lingkungan, etika, manusia serta perhatian dari pelanggan ke dalam aktivitas suatu usaha, yang mana hal ini di lakukan agar dapat memaksimalkan pembagian nilai untuk pemiliknya dan juga masyarakat luas (Fernández-Guadaño & Sarria-Pedroza, 2018). Corporate Social Responsibility sangat dibutuhkan karena memiliki peranan yang mempengaruhi citra merek sebuah perusahaan atau organisasi yang melakukanya (Sitanggang & Silintowe, 2021 ...
This research aims to examine the effect of Brand Image, Corporate Social Responsibility and Electronic Word of Mouth (E-WOM) on the Customer Loyalty of Charles & Keith Mall Senayan City. Brand Image, Corporate Social Responsibily and Electronic Word Of Mouth (E-WOM) as exogenous variables, then Customer Loyalty as endogenous variables. This research was conducted on the customer Charles & Keith Mall Senayan City. This is the reason behind this research to meet the increasingly fierce competition and the need for better distribution methods to reduce costs and increase profits in marketing. The samples in this study were taken using the Purposive Sampling method with a sample of 146 respondents. The analysis method used is the Structural Equation Model (SEM) and uses Partial Least Square (PLS) to test the strength of direct and indirect relationships between various variables. The results of this study prove that Brand Image affects Customer Loyalty, Corporate Social Responsibilty affects Brand Image, Corporate Social Responsibility affects Electronic Word of Mouth (E-WOM) and Electronic Word of Mouth (E-WOM) affects Customer Loyalty.
... From Friedman's traditional strategy of maximizing shareholders' returns to the contemporary perspective of CSR as perceived societal responsibilities, or at the very least, stakeholder commitments, CSR Frontiers in Psychology 05 frontiersin.org has always been characterized in the literature from many angles (Fernández-Guadaño and Sarria-Pedroza, 2018). A business practice known as CSR is one that is connected to the stakeholders or social obligations that the company has been given (Luo and Bhattacharya, 2018). ...
Today’s civilization faces serious challenges related to sustainability. Without the support of society, organizations can no longer continually build their enterprises. The pressure of sustainable development goals are also enhancing on companies. Thus, marketing managers place a strong emphasis on meeting the socio-ethical demands of their target audience, whether it is through cultural promotion, environmental conservation, or disaster relief initiatives. This study explores how sustainable marketing influences the customer engagement and sustainable purchase intention. For data collection, a self-administered questionnaire was distributed to 393 purchasers and potential purchasers of electric vehicles, and a structural equation model (SEM) test was conducted using Mplus 8.0 software. The results of the study showed that: First, the outcome states that sustainable marketing valuable for improving brand image. Second, brand image is good for customer engagement in the Chinese market for electric automobiles. Third, the appeal of sustainable purchasing intentions is increased by brand image. Fourth, a useful instrument for long-term purchase intentions is customer engagement. Fifth, CSR has a significant role in enhancing consumers’ intentions to make sustainable purchases. Most notably, it acts as a helpful moderator in the relationship between company image and customer engagement. Lastly, CSR also strengthens the link between company image and sustainable purchasing intentions. This research offers a theoretical framework and practical implications that sustainable marketing initiatives are an important antecedent of organizational outcomes for the electric vehicle sector in China.
... Green corporate social responsibility has no significant effect on stakeholder satisfaction at Subholding of Pertamina Hulu Energi Regional 1 Sumatra. Even though corporate social responsibility has a significant positive effect on the distribution of values that benefit the state, it has a negative effect on employees and has no effect on other stakeholders (Fernández and Pedroza, 2018). Competitive advantage has a significant effect on stakeholder satisfaction at Subholding of Pertamina Hulu Energi Regional 1 Sumatra. ...
The purpose of this research is to analyze competitive advantage as mediator of good corporate governance and green corporate social responsibility for stakeholder satisfaction at Subholding of Pertamina Hulu Energi Regional 1 Sumatra. This type of research in this research is quantitative research. The population in this study are people who live around the operational area of the Pertamina Hulu Energi work area which are located in 5 regencies and cities on the Island of Sumatra which are part of regional 1 of Pertamina Hulu Energi. By using the simple random sampling approach, so that based on the calculation above the number of samples to be taken is 190 people. The collection of questionnaires is carried out using the Google Form, and the number of filled questionnaires is obtained by 218 respondents. This study uses a structural equation modeling (SEM)-partial least squares (PLS) analysis technique. The results of the study show that good corporate governance has a significant effect on competitive advantage at Subholding of Pertamina Hulu Energi Regional 1 Sumatra. Green corporate social responsibility has a significant effect on competitive advantage at Subholding of Pertamina Hulu Energi Regional 1 Sumatra. Good corporate governance has a significant effect on stakeholder satisfaction at Subholding of Pertamina Hulu Energi Regional 1 Sumatra. Green corporate social responsibility has no significant effect on stakeholder satisfaction at Subholding of Pertamina Hulu Energi Regional 1 Sumatra. Competitive advantage has a significant effect on stakeholder satisfaction at Subholding of Pertamina Hulu Energi Regional 1 Sumatra. Competitive advantage can mediate effect of good corporate governance and green corporate social responsibility on stakeholder satisfaction at Subholding of Pertamina Hulu Energi Regional 1 Sumatra.
... For example, an active and vigilant board, by continuously monitoring management's actions, can ensure that management make correct effective strategic decisions and do not misuse firm resources [45,46] Similarly, independent directors on the board can effectively monitor the activities of agents or management [47]. Their independence from the daily business activities means that the independent directors can ensure high levels of transparency in managerial decisions and actions [48]. In the same way, transparency in management strategies is ensured when there is separation of roles between the CEO and the board chairman, indicating that CEO duality increases a firm's agency cost [10]. ...
... Boards with independent governing systems can effectively monitor and control the activities of agents [47]. The incorporation of independent directors is not only in the organization's long-term interest, but also ensures high levels of transparency, because they operate independently of daily operations [48]. In contrast with their internal counterparts, these external directors are less accountable to shareholders and managers. ...
This study investigates the impact of corporate governance on corporate environmental performance among Japanese companies listed on the Tokyo Stock Exchange for the period 2006–2019. Using fixed-effects modelling for 4617 firm-year observations from 2006–2019, we demonstrate that board independence, board diversity, and the presence of environmental management committees are significantly associated with improved environmental performance. However, a large board reduces the environmental performance, and CEO duality does not appear to be a significant factor affecting a firm’s environmental performance. Additionally, we show a consistent result when we proxy environmental performance by total carbon emissions.
... Today, CSR is considered as a strategic element integrated into the core of business (Texeira et al., 2018;Zerbini, 2017) and the way in which companies articulate the ethical commitments they take on, with respect to their stakeholders (Fernández-Guadaño & Sarria-Pedroza, 2018). The integration of CSR into business strategy not only responds to commitments to stakeholders but can also economic visions of the company? ...
The corporate social responsibility strategies that companies will incorporate depend on the commitments and decisions that future generations will make. Under the Principles for Responsible Management Education framework, universities must foster skills that will influence the ethical behaviours and decisions of their students so that they can respond to the new needs of business. In the business world, ethical commitment is articulated through corporate social responsibility (CSR); therefore, it is of interest to know the extent to which a university's ethical instruction is received by students and the factors that influence it, as well as the extent to which they are associated with their orientation toward CSR.
This study analyses the impact of university instruction in business ethics on students' economic and social visions and the effect they have on their orientation toward CSR. Based on the answers to a questionnaire from a sample of 151 students, the relationship between ethical instruction and CSR orientation and the factors that reinforce this relationship are analysed using structural equations. The results show that the instruction given, family education (values) and social vision are positively associated with the students’ orientation toward CSR, while economic vision, which is traditionally transmitted through the subjects of the degree, is negatively associated.
... In the 21st century, primarily the public demands firms to work for society's welfare and their role in producing products and services (Cho, Chung, & Young, 2019;Fernández-Guadaño & Sarria-Pedroza, 2018). Corporate social responsibility in Pakistan is relatively new and undeveloped compared to developed nations, while CSR is considered an essential element for long-term success (Halkos & Nomikos, 2020).In Pakistan, the definition of CSR is mixed-up with philanthropic activities of firms and labor rights (Qaiser & Qaiser, 2020). ...
The main purpose of this study to investigate the impact of corporate social responsibility on financial performance of conventional banks of Pakistan and to analyze the moderating role of executive compensation on the relationship between CSR and financial performance. Data were collected and measured from state bank of Pakistan covered the time period from 2009-2020 based on postpositivism approach. Empirical results have been analyzed by ordinary leastsquare (OLS) model and results show that corporate social responsibilities have a positive and significant effects on financial performance. While the finding indicates that executive compensation also positively and significantly moderates the relationship between CSR and financial performance of conventional banks in Pakistan. This suggests that high CSR contribution and executive compensation leads to high and improved financial performance in conventional banks of Pakistan.
Keywords: corporate social responsibility, financial performance, executive compensation, return on assets, financial institutions
... 18,19 Others have noted that CSR represents a way in which companies contribute to meeting stakeholder requirements, especially concerning their role in ensuring long-term sustainability. 20 However, critics of CSR argue that business organizations might engage in CSR strategies as a way to increase profitability relative to less socially committed competitors. 21,22 In recent years, there has been an attempt to disentangle the three triple bottom line areas of CSR, that is, the economic, environmental, and social areas. ...
In the past decade and in the context of sustainable development, business organizations have been expected to partner with governments and others to address societal problems, including those pertinent to population health. Accordingly, through their corporate social responsibility (CSR) strategies and policies, companies should collaborate in health promotion efforts to modify the effects of the health determinants (including those concerning behavior change) affecting internal and external stakeholders. Although CSR strategies and policies are linked to stakeholder health and wellbeing (e.g. employee satisfaction), little is known of how these strategies affect physical activity. Thus, this perspective paper aims to contribute to the discussion of the topic by investigating what scientific evidence exists regarding the relationship between CSR and physical activity. So far there are indications that some business are implementing CSR activities targeting internal (e.g. employees) and external (e.g. consumers) stakeholders, especially in developed countries. Furthermore, among external stakeholders, CSR activities with a physical activity component targeted children, youth, the disabled, the under-privileged, and the elderly. However, there is still very little empirical evidence available using appropriate quantitative and qualitative designs. Public health and health science researchers in general should strive to advance our understanding of how CSR affects population health behavior, paving the way to develop frameworks for resilient, ethical, and sustainable health promotion.
... 18,19 Others have noted that CSR represents a way in which companies contribute to meeting stakeholder requirements, especially concerning their role in ensuring long-term sustainability. 20 However, critics of CSR argue that business organizations might engage in CSR strategies as a way to increase profitability relative to less socially committed competitors. 21,22 In recent years, there has been an attempt to disentangle the three triple bottom line areas of CSR, that is, the economic, environmental, and social areas. ...
