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Open accessJournal ArticleDOI: 10.3390/SU13052660

Rethinking Corporate Responsibility and Sustainability in Light of Economic Performance

02 Mar 2021-Sustainability (Multidisciplinary Digital Publishing Institute)-Vol. 13, Iss: 5, pp 2660
Abstract: Concepts of ethical behavior and corporate social responsibility have emerged in recent years due to organizations’ increasing ethical problems. Business ethics, social responsibility, and corporate governance are significant drivers for organizational performance, growth, and sustainable development (SD). In this paper, we propose an original tool, at a macroeconomic level, for the integration of concepts such as business ethics (BE), corporate social responsibility (CSR), and corporate governance (CG). The paper also seeks to establish the relationships among corporate responsibility dimensions (CR), sustainability, and economic performance. This research used the Sustainable Development Report 2020, Candriam’s ESG Country Report, World Bank Doing Business 2020 Report, World Bank national accounts data, and Eurostat as data sources. As part of the research, we selected the European Union states (27) plus the United Kingdom. The main results reveal the positive direct and indirect influences of corporate responsibility on economic performance, ultimately leading to sustainable development.

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Topics: Corporate social responsibility (71%), Corporate governance (69%), Social responsibility (67%) ... show more
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11 results found


Open access
29 Jul 2015-
Abstract: In this paper we present findings of how employees from a single organization understand corporate sustainability. Responses from 255 survey participants indicate (1) that differences exist in how employees understand corporate sustainability and (2) that these differences can be partially explained by the presence of organizational subcultures and by differences in employee awareness of the organization's sustainability practices. In particular, findings reveal that employees from a subculture with a stronger emphasis on hierarchical and bureaucratic values emphasize an economic understanding of corporate sustainability. Implications for research and practice are discussed. Copyright © 2007 John Wiley & Sons, Ltd and ERP Environment.

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Topics: Sustainability organizations (82%), Corporate sustainability (77%), Social sustainability (76%) ... show more

175 Citations


Open access
01 Jan 2011-
Abstract: Merupakan suatu langkah maju dalam perkembangan perbankan, terutama bagi perbankan syariah atau Perbankan Islam (Islamic Banking) lebih dikenal dengan istilah perbankan syariah, merupakan bank yang dijalankan dengan didasarkan pada syariat Islam. Prinsip utama dari perbankan syariah adalah larangan terhadap penarikan bunga dalam bentuk apapun dalam melakukan transaksi dan melakukan kegiatan bisnis dan perdagangan. Perbankan syariah ini, telah diatur dalam Undang-undang Nomor 21 Tahun 2008 Tentang Perbankan Syariah (selanjutnya ditulis UUPS).1Perbankan syariah mendapat perlakuan yang sama (equal treatment) dengan perbankan konvensional, bahkan Bank Indonesia (selanjutnya ditulis BI) telah mempersiapkan peraturan dan fasilitas penunjang yang mendukung operasional Dual Banking System, yaitu terselenggaranya dua sistem perbankan sekaligus (konvensional dan syariah) secara berdampingan dengan sistem administrasi jelas terpisah. Ketika undang-undang tersebut belum disahkan, baru ada satu bank syariah yaitu Bank Muamalat Indonesia (BMI). Bank Syariah menurut hukum positif Indonesia (sebelum UUPS terbentuk) dimungkinkan melalui Pasal 6 Huruf (m) Undang-undang Nomor 7 Tahun 1992 sebagaimana telah diubah dengan Undang-undang Nomor 10 Tahun 1998 Tentang Perbankan, yang memperbolehkan menyediakan pembiayaan dan atau melakukan kegiatan lain berdasarkan Prinsip Syariah.

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89 Citations


Open accessJournal ArticleDOI: 10.3390/SU13137139
25 Jun 2021-Sustainability
Abstract: This article aims to present a profile of functional controllers created in German-speaking countries in the context of their competences and tasks for sustainable management and value chain creation. Sustainable chain management requires finding a balance between the economic, social, and environmental spheres, inside and outside the organizations, in all business functions/processes related to value chain formation. Managers for sustainable management need to have adequate and high-quality financial and non-financial information. They are crucial during the pandemic COVID-19 period. Functional controllers can provide this. Content analysis of job advertisements was used as a research method. The identification of competences was based on Cheetham and Chivers’ model. Tasks were referred to as essential functions of controlling. Descriptive statistics and the Student’s t-test with Cochran–Cox correction and the Wilcoxon-Mann–Whitney test were used to analyze the data. In terms of the studied controllers, more functional than meta competence was identified. There were more hard skills than soft skills. In terms of tasks, studied controllers are preoccupied with analysis, coordination and optimization, participation in management, definition of new tools, and reporting. The results confirm that functional controllers have an impact on sustainable development and value chain creation.

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Topics: Value chain (56%), Supply chain management (55%), Supply chain (54%) ... show more

3 Citations


Open accessJournal ArticleDOI: 10.3390/SU13094700
Rui Ma1, Jacob Cherian2, Wen Hsien Tsai, Muhammad Safdar Sial3  +2 moreInstitutions (5)
01 May 2021-Sustainability
Abstract: The concept of corporate social responsibility (CSR) is an ever-evolving concept in the field of business management. Even in 2021, its boundaries are evolving and researchers are linking the concept of CSR to different variables to achieve different outcomes. However, the concept of CSR in the healthcare sector is not well-explored in prior literature. The current study is an application of social identity theory to induce electronic word-of-mouth (eWOM) from consumers for a specific brand, through its CSR engagement on social media (CSRS) and consumer-company identification (CCI) in the healthcare sector of an emerging economy. The data of the current survey were collected from different patients of four large hospitals in a large city through a self-administered questionnaire (paper-pencil technique). To validate different hypotheses of the current study, the authors employed the structural-equation-modeling (SEM) technique using AMOS software. The output of SEM analysis confirmed that CSRS positively influences eWOM, and CCI mediates this relationship. The findings of the current study will be helpful for policymakers in the healthcare industry to improve their understanding of CSRS and CCI, inducing eWOM through the lens of social identity theory.

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3 Citations


Open accessDOI: 10.3905/JESG.2021.1.032
25 Oct 2021-
Abstract: This article seeks to tilt traditional macro trend-following strategies toward countries with high Environmental, Social, and Governance (ESG) scores. The integration incorporates both ESG levels and changes (improvements or deteriorations in sustainability). Notably, the authors find that the international ESG exposure of the macro portfolios can be substantially increased without any cost in performance for both long-only and long–short portfolios. In some cases, transaction cost–adjusted Sharpe ratios can even benefit from a minor shift toward more ESG exposure. Key Findings ▪ Cross-country and cross-asset momentum-based strategies are reweighted to favor countries with high or improving ESG ratings. ▪ All portfolios can sustain small tilts toward sustainability without any impact on their Sharpe ratios, with up to 70% increase in ESG exposure. ▪ For long-only portfolios small tilts increase the overall Sharpe ratio, while larger tilts can become detrimental.

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Topics: Sharpe ratio (53%)

3 Citations


References
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53 results found


Journal ArticleDOI: 10.1177/0049124192021002005
Michael W. Browne1, Robert Cudeck2Institutions (2)
Abstract: This article is concerned with measures of fit of a model. Two types of error involved in fitting a model are considered. The first is error of approximation which involves the fit of the model, wi...

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23,630 Citations


Journal ArticleDOI: 10.1177/000765039903800303
Archie B. Carroll1Institutions (1)
01 Sep 1999-Business & Society
Abstract: There is an impressive history associated with the evolution of the concept and definition of corporate social responsibility (CSR). In this article, the author traces the evolution of the CSR cons...

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4,979 Citations


Book ChapterDOI: 10.1007/978-1-4939-7274-6_28
Abstract: Structural equation modeling (SEM) is a multivariate statistical framework that is used to model complex relationships between directly observed and indirectly observed (latent) variables. SEM is a general framework that involves simultaneously solving systems of linear equations and encompasses other techniques such as regression, factor analysis, path analysis, and latent growth curve modeling. Recently, SEM has gained popularity in the analysis of complex genetic traits because it can be used to better analyze the relationships between correlated variables (traits), to model genes as latent variables as a function of multiple observed genetic variants, and to assess the association between multiple genetic variants and multiple correlated phenotypes of interest. Though the general SEM framework only allows for the analysis of independent observations, recent work has extended SEM for the analysis of data on general pedigrees. Here, we review the theory of SEM for both unrelated and family data, describe the available software for SEM, and provide examples of SEM analysis.

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Topics: Structural equation modeling (58%), Latent growth modeling (55%), Latent variable (55%) ... show more

3,246 Citations


Open accessJournal ArticleDOI: 10.5465/AMR.2007.25275678
Abstract: We provide a multilevel theoretical model to understand why business organizations are increasingly engaging in corporate social responsibility (CSR) initiatives and thereby exhibiting the potential to exert positive social change. Our model integrates theories of organizational justice, corporate governance, and varieties of capitalism to argue that organizations are pressured to engage in CSR by many different actors, each driven by instrumental, relational, and moral motives. We conclude by highlighting empirical questions for future research and discussing some managerial implications. Economic progress, through a fair and open world trading system is essential to tackle poverty and ensure a safer more secure world for everyone now and for future generations. The challenges remain of ensuring that the benefits of that progress reach all sectors in all countries and are not at the expense of the environment (Sir Stephen Timms, U.K. Minister for CSR, Royal In

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Topics: Corporate social responsibility (62%), Social responsibility (60%), Corporate governance (59%) ... show more

1,962 Citations


Journal ArticleDOI: 10.1287/MNSC.46.8.1059.12030
Glen Dowell1, Stuart L. Hart2, Bernard Yeung3Institutions (3)
01 Aug 2000-Management Science
Abstract: Arguments can be made on both sides of the question of whether a stringent global corporate environmental standard represents a competitive asset or liability for multinational enterprises (MNEs) investing in emerging and developing markets. Analyzing the global environmental standards of a sample of U.S.-based MNEs in relation to their stock market performance, we find that firms adopting a single stringent global environmental standard have much higher market values, as measured by Tobin'sq, than firms defaulting to less stringent, or poorly enforced host country standards. Thus, developing countries that use lax environmental regulations to attract foreign direct investment may end up attracting poorer quality, and perhaps less competitive, firms. Our results also suggest that externalities are incorporated to a significant extent in firm valuation. We discuss plausible reasons for this observation.

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Topics: Market value (59%), Environmental standard (57%), Emerging markets (55%) ... show more

1,120 Citations