Previous research has analyzed and debated corporate governance cg and corporate social responsibility csr independently. Managing contradictions of corporate social responsibility. Impact of corporate social responsibility on brand image. International journal of business and social science. The effect of cultural similarity on mergers and acquisitions. This paper suggests that understanding questions such as those related to corporate social responsibility csr requires economic theorizing to include in its explanatory models the very fact that economic agents have their own distinctive conception of how reality ought to be which implies making judgments of value. Although prior research has addressed the influence of corporate social responsibility csr on perceived customer responses, it is not clear whether csr affects market value of the firm. The paper then highlights the role of csr in community development based. The purpose of the paper is to examine the impact of corporate governance mechanisms, i.
Corporate social responsibility across europe is the first volume of its kind to bring. The journal of international social research volume 2 9 fall 2009 corporate social responsibility and its role in community development. Corporate social responsibility csr is a prominent 21st century business ideology that heightens expectations of companies regarding social and environmental standards. Electronic journal of business ethics and organisation studies.
An integrative framework isabelle maignan vrije universiteit amsterdam, the netherlands o. International journal of academic research in business and social sciences 2017, vol. Stakeholders pressure, culture, employee commitment, corporate reputation, and brand performance. 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. Corporate social responsibility and environmental management provides a resource for the ever increasing number of organisations concerned about social and environmental responsibilities in the context of sustainable development and are interested in developing tools and case studies to improve their performance and accountability in these areas. The effects of perceived corporate social responsibility. Role of corporate social responsibility in organization. The social responsibility journal, the official journal of the social responsibility research network, is interdisciplinary in its scope and encourages submissions from any discipline or any part of the world which addresses any element of the journal s aims. Jul 12, 2018 development of theoretical framework and measures for the role of social media in realizing corporate social responsibility through native and non. International journal of corporate social responsibility articles.
Corporate social responsibility csr is the subject of growing attention from firms, governments and regulators, stakeholder groups, and the media. Based on various responsibility criteria, a rapidly increasing number of institutes, investment funds, publications and online resources are calling on corporations to alter their business practices. Business ethics and corporate social responsibility is there a. Corporate social responsibility, reputation and visitors commitment as resources for public policies design for protected areas for tourism sustainable exploitation. This paper provides an overview of the contemporary debate on the concepts and definitions of corporate social responsibility csr and corporate sustainability cs. 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. This research paper provides a theoretical investigation of the hypothesis that corporate social responsibility csr spending is an ideal lever for development therefore making it mandatory is effective on sustainable development. Aug 14, 2019 corporate social responsibility practices incomes and outcomes. An international perspective maimunah ismail abstract corporate social responsibility csr refers to strategies corporations or firms. Educating for social responsibility schools must help students fight their feelings of powerlessness by developing their sense of community and their confidence that they can make a difference in the world. Corporate social responsibility and environmental management.
The social responsibility journal, the official journal of the social responsibility research network, is interdisciplinary in its scope and encompasses the full range of theoretical, methodological and substantive debates in the area of social responsibility. 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. Corporate social responsibility csr is supposed to benefit corporations but as well to foster the wellbeing of individuals, communities and society. Linkage towards a sustainable development perspective.
A framework is provided that integrates organizational. International journal of corporate social responsibility. The 40 data articles are the journal articles coming from the database of. The evolution of corporate social responsibility in india refers to changes over time in india of the cultural norms of corporations engagement of corporate social responsibility csr, with csr referring to way that businesses are managed to bring about an overall positive impact onthe communities, cultures, societies and. However, firms are increasingly monitoring outcomes that are not tr aditional. While individuals can choose to donate their private wealth in any way they choose, corporate executives are paid to put the shareholders capital to productive i.
Corporate social responsibility had been interpreted different by mayangkara group ltd. Raza naqvi assistant professor, department of management and social sciences, muhammad ali jinnah university, islamabad. This is an open access article distributed under the creative commons attribution license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. 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. Your story matters citation cheng, beiting, ioannis ioannou, and george serafeim. Csr policy functions as a builtin, selfregulating mechanism whereby business monitors and. Please login andor purchase the pdf to view the full article. The objective of ijcssr is to encourage and motivate original corporate strategy and social responsibility research and its application for competitiveness of manufacturing, service and governmental and nongovernmental organisations. Corporate social responsibility as an obligation according to j. Corporate social responsibility, tax avoidance, and. Corporate governance and underpricing of small and medium enterprises ipos in india nischay arora, balwinder singh. Asian journal of sustainability and social responsibility ajssr provides a platform for research articles on corporate social responsibility and. The case against corporate social responsibility wsj.
With books and many academic journal articles having been published by. 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. Corporate social responsibility and sustainability international. We explored the relationship between corporate social responsibility csr and employee creativity ec, and investigated how employees perceptions of csr and ec interact with perceived organizational support. However, it has been argued that given their smaller scale of operations, resource access constraints and lower visibility, smaller firms are less likely to participate in corporate social responsibility csr initiatives. Impact of corporate social responsibility on brand image in different fmcgs of pakistan s. Corporate governance, corporate social responsibility and. All references come from scholarly journal articles, articles from the popular press, books, book chapters, and practitioner and expert essays.
In this article, the author traces the evolution of the csr construct beginning in the 1950s, which marks the modern era of csr. Luke watson 2015 corporate social responsibility, tax avoidance, and earnings performance. Available formats pdf please select a format to send. Ferrell colorado state university this article introduces a conceptualization of corporate social responsibility csr. 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. The journal deals with strategy and social responsibility at functionlevel as well as from the firm perspective. Pdf defining corporate social responsibility researchgate. Although the concept of corporate social responsibility csr has been advocated for. Today the development of social responsibility is a renewed con cern of educators, and this has spawned a number of innovations at. Corporate governance and csr nexus, in journal of business ethics. The conclusions, based on historical perspectives, philosophical analyses, impact of changing contexts and situations and practical considerations, show that one solution fits alldefinition.
Sustainability accounting, management and policy journal, vol. Corporate social responsibility and sustainable business. For more information view the sage journals article sharing page. Defining corporate social responsibility article pdf available in journal of public affairs 63. Corporate social responsibility and environmental management 21. Access to society journal content varies across our titles. Corporate social responsibility and access to finance the harvard community has made this article openly available. The future of corporate social responsibility stuart hart.
Corporate social responsibility csr is an evolving concept that reflects various views and approaches regarding corporate relationships with broader society. A case study raditya iwannanda universitas negeri malang, indonesia. Pdf corporate social responsibility and good governance. His current work includes research in corporate governance, shareholder litigation, and corporate social responsibility. This article analyses the meaning of csr based on some theories available in literature. Since then, attention on csr has been growing in both ac ademic and practitioner communities around the world. Corporate social responsibility or csr as we will call it throughout this book is a. 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. Particular emphasis is placed on ideas which address the link between different disciplines and or implications for. Second, this article also analyses the diversity of firms policies through the. The dilemma of corporate social responsibility in china management and organization masters thesis july, 2009. Social responsibility journal available volumes and issues. We analyze, from the viewpoint of value creation, the evolution of corporate social responsibility csr thought from.
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. Csr is a management concept whereby companies integrate social and environmental concerns in their business operations and interactions with their stakeholders. Corporate social responsibility csr refers to strategies corporations or firms. Development of theoretical framework and measures for the role of social media in realizing corporate social responsibility through native and non.
Implementing corporate social responsibility 18 task 1. Corporate social responsibility csr, also called corporate conscience, corporate citizenship. Business ethics and corporate social responsibility in the eeconomy. In our paper we have explored the concepts of business ethics and corporate social responsibility with a perspective that meaningfully csr should be seen in the context of an overall paradigm of business ethics. On economics, ethics, and corporate social responsibility. Journal of economics and management strategy, fall 2007, vol. Davis and blomstrom1975 in their paper examined the corporate social responsibility as social responsibility is the obligation of decision makers to take actions which protect and improve the welfare of society as a whole along with their own interests. However, firms are increasingly monitoring outcomes that are not tr aditional financial measures as a means to gauge sustainable success. Corporate social responsibility, corporate governance and. The journal encompasses the full range of theoretical, methodological and substantive. Corporate social responsibility, customer satisfaction, and.
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. Mar 08, 2016 in fact, the core premise of corporate social responsibility csrprofit spending for the greater goodis fundamentally flawed. Corporate social responsibility academy of management. They debate whether corporate social responsibility is a strategy in the same meaning as any other corporate strategy, but they are sure that it is a higher level of a business strategy based on winwin cooperation with corporate environment. Subscribe to this fee journal for more curated articles on this topic followers. Defining corporate social responsibility csr analyses economic, legal, moral, social and physical aspects of environment. Small and mediumsized firms form 90% of the worldwide population of businesses. The results of quantile regression analysis show that the economic dimension of corporate social responsibility and the prestige driver of brand equity are positive and significant for all the quantiles. If you have access to a journal via a society or association membership, please browse to your society journal, select an article to view, and follow the instructions in this box.
The journal of international social research volume 2 9 fall 2009 200 and the beneficiaries. 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. Corporate social responsibility, csr initiatives, csr challenges. We study the effect of corporate cultural similarity on merger decisions and outcomes. Corporate social responsibility and access to finance. Definitions expanded during the 1960s and proliferated during the 1970s. The impact of corporate social responsibility on sustainable. Corporate social responsibility and organizational. 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. Its suggests two active aspects of social responsibilityprotecting and improving. Jan 22, 2019 there is a long and varied history associated with the evolution of the concept of corporate social responsibility csr. The concept of corporate social responsibility constantly adapts to the needs of global business.
Corporate social responsibility and sustainability. Maria ishtiaq ms scholar, department of management and social sciences, muhammad ali jinnah university, islamabad. Defining corporate social responsibility scholarlycommons. Corporate social responsibility revisited, redefined thomas. Csr is generally understood as being the way through which a company achieves. Pdf ethics in corporate social responsibility iosr. Business ethics and corporate social responsibility is. The impact of corporate social responsibility and internal controls on stakeholders view of the firm and financial performance. Corporate social responsibility and firm size springerlink.
There is an impressive history associated with the evolution of the concept and definition of corporate social responsibility csr. Corporate social responsibility csr has become an increasingly important topic in our global society. The article then discusses the role of csr in community development because. The effects of corporate social responsibility on brand. After the 1990s, the number of outcome studies still maintained at a relatively high level, and incurred another increase in the 2000s and 2010s. Pdf an overview of corporate social responsibility researchgate.
Article pdf available in journal of public affairs 63. Ceo materialism and corporate social responsibility the. The international journal of corporate social responsibility jcsr offers a unique platform for the latest theoretical and empirical research and for innovative concepts for sustainable business strategies which create value for business and society shared value. He has published in both law and management journals. This study defines and traces the emergence and evolution within the business literature of the concepts of values, business ethics and corporate social responsibility to illustrate the increased emphasis that has been placed on these issues over time. 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. 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. An overview of corporate social responsibility 4 what is the business case for csr.
International journal of corporate strategy and social. Asian journal of sustainability and social responsibility. The origins of corporate social responsibility by eric c. The social responsibility journal, the official journal of the social responsibility research network, is interdisciplinary in its scope and encourages submissions from any discipline or any part of the world which addresses any element of the journals aims. This paper aims to examine the influences of perceived corporate social. Corporate social responsibility csr has been found to positively affect the financial performance of firms. Under standard economic theorizing, the relationship between social. The brand extension driver provides a significant positive effect at the higher quantiles of firm performance. The case against corporate social responsibility the idea that companies have a duty to address social ills is not just flawed, argues aneel karnani.
847 544 868 948 946 1277 53 650 78 1144 1074 159 1105 1467 1153 1420 763 1381 110 232 90 598 549 476 1194 899 795 552 22 139