scholarly journals Does CSR Activity Amount to Socially Responsible Management?

2021 ◽  
Author(s):  
M. John Foster
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Local Community ◽  
Annual Reports ◽  
Socially Responsible ◽  
Responsible Management ◽  
Exploratory Investigation ◽  
Research Questions ◽  
The Uk ◽  
Corporate Social

AbstractIn essence firms or companies are usually thought to exist to make products for or provide services of some sort to third parties, other companies or individuals. The philosophical question which naturally arises then is ‘to the benefit of whom should a firm’s activities be aimed?’ Possible answers include the owners of the firm, the firm’s employees or wider society, the firm’s local community or their host nation. It is because of firms’ location within a wider society that the issue of corporate social responsibility arises. The issue is do they contribute in a positive way to the fabric of society. In this paper we conduct an exploratory investigation whose research questions, broadly, are whether there is public evidence of corporate social responsibility activity by firms listed in the UK and to what extent, if any, such activities may amount to genuinely socially responsible management by the firms. We examined the most up to date annual reports of a split sample of 36 firms listed in the FTSE 350. The short answers to the two research questions above are: to some degree and no by some margin, based on data from the sample firms.

scholarly journals Leading by Example: Corporate Social Responsibility Initiatives by Dabur India Limited in North India

2020 ◽  
Vol 16 (1) ◽  
pp. 43-53
Author(s):  
Amritjot Kaur Sekhon ◽  
Lalit Mohan Kathuria
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Local Community ◽  
Secondary Data ◽  
North India ◽  
Annual Reports ◽  
Primary Data ◽  
Community Partnership ◽  
Manufacturing Plant ◽  
Corporate Social

The purpose of this study is to explore the corporate social responsibility (CSR) initiatives undertaken by Dabur India Limited, the biggest Ayurvedic company in the world, at areas close to its manufacturing plant. It also explores the perception of Dabur’s stakeholders with respect to its social responsibility behaviour. For the purpose of this study, both primary as well as secondary data have been used. The primary data have been collected by conducting unstructured interviews and a field visit within the premises of the company’s manufacturing plant in Baddi district as well as in the surrounding villages. The secondary data have been collected from annual reports of the company and the company website. On investigating, it was be observed that Dabur, through years of social involvement and local community partnership projects, has established a special bond of trust with all its stakeholders. Also, as the expenditure made by Dabur on its CSR activities has always exceeded the stipulated amount as per government recommendations, this evidently supports its dedication towards its vision statement, on creating value for society. As after a revision in CSR policies there have not been many research studies examining the CSR practices by companies in India, this study, therefore, addresses this knowledge gap and provides new insights on the compliance by Dabur with regard to new CSR guidelines by the Companies Act, 2013.

scholarly journals Corporate Social Responsibility: A Review of Literature and an Empirical Study

2021 ◽  
Vol 11 (4) ◽  
pp. 3876-3891
Author(s):  
Bharat Chavan Patil ◽  
Dr. Safia Farooqui
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Annual Reports ◽  
Review Of Literature ◽  
Indian Government ◽  
Socially Responsible ◽  
Bottom Line ◽  
Advantageous Position ◽  
Worship Education ◽  
Corporate Social

Corporate social responsibility (CSR) is a buzzword worldwide. Today many organizations are facing challenge of integration of CSR in business. Stakeholders expect some more from businesses organization than merely pursuing growth and profitability. In the year 1946, the Fortune released a story that said the owners of businesses were answerable to the outcomes of their deeds beyond a much wider scope than their bottom-line figures. This is the time when the term CSR was given so much focus. More than Ninety percent of the owners who read this, agreed to it. Bowen (1953) and Carroll (1999) have also highlighted in their research that the question is, as owners of businesses what kind of rational accountability do they have to presuppose towards the society at large? It was also defined by Bowen that, owners are expected to practice those strategies, resolutions and deeds that put them in an advantageous position and align their goals to all those important purposes which society holds. Social Responsibility has also gained popularity in academics as well as practical propositions since it has been found that more than ninety percent of the top 500 fortune companies portrayed CSR as a very important goal and vigorously endorse their socially responsible programmes in their annual reports. As per the Legislative bill passed by the Indian Government, all topnotch organizations are obliged to contribute at least 2 percent of their proceeds to Social responsible activities. The concept of Corporate Social Responsibility (CSR) is old in India since many years. It arose from the 'Vedic period' when history was not recorded in India. In those days Kings had a limitation towards society and merchants displayed their own small business responsibility by building places of worship, education, inns and wells.

scholarly journals Structural model of corporate social responsibility. An empirical study on Mexican SMEs

PLoS ONE ◽  
2021 ◽  
Vol 16 (2) ◽  
pp. e0246384
Author(s):  
Martha Ríos-Manríquez ◽  
Martha Gabriela Ferrer-Ríos ◽  
María Dolores Sánchez-Fernández
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Management System ◽  
Small And Medium Enterprises ◽  
Equation Modeling ◽  
Socially Responsible ◽  
Business World ◽  
Responsible Management ◽  
Medium Enterprises ◽  
Corporate Social

Companies are increasingly aware of their role with regard to social responsibility in its three pillars: economic, social and environmental, with their different stakeholders. Facing the dilemma of choosing the model of social responsibility they should adopt, taking care of their organizational culture and their employees, with a global vision that the business world requires. However, it is not an easy task for small and medium enterprises, mainly because of their economic shortcomings in human resources and knowledge of how to be a socially responsible company. But they are aware that Corporate Social Responsibility (CSR) is an opportunity for development and differentiation in the market. Therefore, the objective of this research is to build, identify and validate a model of Social Responsibility in small and medium enterprises in Guanajuato, Mexico (CSRSMEs), on a sample of 226 SMEs, using as a basis the methodology of the international standard of Ethical and Socially Responsible Management System (SGE21). A quantitative approach was used and, a descriptive analysis, exploratory factor analysis and the structural equation modeling was applied. The results determine that the most relevant variables for being socially responsible are human capital, clients, supply chain, social environment and impact on the community, and organizational governance: Legality and Management System. It is drawn from this work that the flexibility of the so-called Ethical and Socially Responsible Management System has the empirical foundations needed. That is, from the perspective of the company’s management to consider the CSRSMEs model an opportunity to adopt and evaluate the areas of social responsibility management of any business structure in the SMEs in Mexico.

Content in the context of welfare configurations: a comparative institutional analysis of self-reporting on corporate social responsibility

2019 ◽  
Vol 16 (4) ◽  
pp. 487-506
Author(s):  
Brita Backlund Rambaree
Keyword(s):  
South Africa ◽  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Emerging Economies ◽  
Institutional Arrangements ◽  
Welfare States ◽  
Socially Responsible ◽  
Content Type ◽  
The Uk ◽  
Corporate Social

Purpose The purpose of this paper is to examine corporate social responsibility (CSR) content in the context of four differing national institutional arrangements for welfare. An analysis is presented on how self-reported CSR differs in content across two western welfare states (the UK and Sweden) and two emerging economies in southern Africa (South Africa and Mauritius). Design/methodology/approach This paper is based on a qualitative content analysis of the CSR self-reporting of 40 companies. This involved 10 of the largest companies incorporated in four countries, namely, Sweden, the UK, South Africa and Mauritius. The content is categorised into community involvement, socially responsible production and socially responsible employee relations. For each category, an analysis is provided of the reported issues (the question of what), the geographic focus of reported issues (the question of where) and ways of working with these issues (the question of how), as well as the extent of reporting and level of reporting (the question of how much). Findings The study shows that companies place focus on aspects, issues and localities in ways that differ between countries and can be understood in relation to current institutional arrangements for welfare. The content of self-reported CSR can be both complementing and mirroring the welfare arrangements. Differences in self-reported CSR agendas are particularly evident between the two western welfare states on the one hand and the two emerging economies on the other, as these represent two distinct contexts in terms of welfare arrangements. Originality/value This paper contributes to research on the institutional embeddedness of CSR in three ways: first, by going beyond measures of country differences in terms of extent of CSR to consider differences in CSR content; second, by focusing on the social aspects of CSR and placing these differences in relation to welfare configurations; and third, by contributing with empirical findings on how CSR content differs across national settings and across the established/emerging economy divide.

scholarly journals ANALISIS PENGARUH PENGUNGKAPAN CORPORATE SOCIAL RESPONSIBILITY, PROFITABILITAS, DAN LEVERAGE TERHADAP MANAJEMEN PAJAK

2021 ◽  
Vol 17 (1) ◽  
pp. 82-100
Author(s):  
Surya Anugrah ◽  
Christina Yuliana
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Local Community ◽  
Stock Exchange ◽  
Panel Data Analysis ◽  
Annual Reports ◽  
Manufacturing Companies ◽  
Tax Management ◽  
The Government ◽  
Corporate Social

This research is conducted to analyze the influence of disclosure of Corporate Social Responsibility, profitability, and leverage to tax management. The company must pay taxes to the government as one of the stakeholders. On the other hand, the company is also required to perform its social responsibility as an effort to gain legitimacy from the local community. The study was conducted on manufacturing companies listed in the Indonesia Stock Exchange from 2013 to 2015 and by using the panel data analysis method. Of the 143 companies, 70 companies meet population requirements. The number of samples used in this research amounted to 168 units of observation. The data used in this study is secondary data obtained from financial reports and annual reports. The results show that the variables of Corporate Social Responsibility Disclosure, profitability, and leverage effect to tax management.

A Study on the Impact of Corporate Social Responsibility on Financial Performance of Companies in India

2020 ◽  
Vol 16 (3) ◽  
pp. 229-237
Author(s):  
Ramandeep Kaur ◽  
Trupti Dave
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Financial Performance ◽  
Stock Exchange ◽  
Secondary Data ◽  
Annual Reports ◽  
Socially Responsible ◽  
Corporate Social ◽  
The Impact ◽  
Business Philosophy

The main aim of this study is to investigate the impact of corporate social responsibility (CSR) on the financial performance of selected companies listed in the BSE, formerly known as the Bombay Stock Exchange in India. This study is purely based upon the secondary data collected from companies’ annual reports and sustainability reports for last three years ranging from 2016–2017 to 2018–2019. The results indicate that the involvement in socially responsible initiatives has a significantly positive effect on the financial performance of the firms. These findings provide insights to the management to assimilate firm’s CSR initiatives with its strategic business policies and, thus, to renovate the business philosophy from a traditional profit-oriented approach to a socially responsible approach.

scholarly journals Corporate social disclosures in the knowledge-based sector in an emerging economy

2013 ◽  
Vol 10 (3) ◽  
pp. 237-249 ◽  
Author(s):  
Mahesh Joshi ◽  
Jasvinder Sidhu ◽  
Monika Kansal
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Business Performance ◽  
Ethical Issues ◽  
Social Issues ◽  
Annual Reports ◽  
Socially Responsible ◽  
Csr Reporting ◽  
Knowledge Based ◽  
Corporate Social

The purpose of this paper is to examine corporate social responsibility (CSR) reporting by the BSE TECk Sector in the developing economy of India. Using content analysis, this study analyses the disclosures of corporate social responsibility elements by the BSE TECk Sector in the annual reports. CSR disclosures are analysed in context of sources, nature and the item of information.The findings of the study advice that all the companies in the BSE TECk index disclose social issues in their annual reports. Human resources related issues have found greater attention in annual report of the sample companies and less attention has been provided to ethical issues. The study highlights that it is important for the corporate sector to disclose CSR related matters as part of their overall corporate and business performance reporting model. The paper also provides some practical implications about reporting of socially responsible activities for knowledge based companies.

scholarly journals Korporatyvinės socialinės atsakomybės raiška verslo organizacijų veikloje: nesocialiai atsakingą veiklą vykdančių organizacijų socialinės atsakomybės veikla

2010 ◽  
Vol 52 ◽  
pp. 55-67 ◽  
Author(s):  
Renata Matkevičienė
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Qualitative Analysis ◽  
Tobacco Use ◽  
Local Community ◽  
Web Pages ◽  
Business Organizations ◽  
Socially Responsible ◽  
Corporate Social ◽  
Advertising And Promotion

Verslo organizacijos, kurios pastaruoju metu priverstos itin aktyviai konkuruoti, vis dažniau pristatydamos savo veiklą pabrėžia socialinę veiklą, veiksmus, kurie pristato organizaciją kaip aktyvią bendruomenės narę, besirūpinančią tiek darbuotojais, tiek aplinka. Socialinės atsakomybės veikla, kuria organizacijos prisistato suinteresuotiesiems, gali būti įvardijama kaip viena iš korporatyvinės komunikacijos priemonių. Tačiau kyla klausimas, ar socialinės atsakomybės veikla kaip ryšių su suinteresuotaisiais priemonė gali būti taikoma visų organizacijų, net ir tų, kurios vykdo nesocialiai atsakingą veiklą, yra alkoholio ir tabako gamintojos. Šios straipsnio tikslas – apžvelgti korporatyvinės socialinės atsakomybės veiklos taikymo korporatyvinėje komunikacijoje galimybes ir šios veiklos raišką nesocialiai atsakingą veiklą vykdančiose organizacijose. Straipsnyje pristatoma korporatyvinės socialinės atsakomybės apibrėžtis, nurodant esminius korporatyvinės socialinės atsakomybės interpretavimo ir raiškos aspektus, išryškinant socialiai atsakingos veiklos organizacijų korporatyvinės socialinės atsakomybės veiklą. Pateikiami 2008 metų Lietuvos alkoholio gamintojų socialinės atsakomybės veiklos raiškos tyrimo rezultatai.Pagrindiniai žodžiai: organizacijos komunikacija, socialinė atsakomybė, korporatyvinė socialinė atsakomybė, nesocialiai atsakingą veiklą vykdančios organizacijos.Manifestation of Corporate Social Responsibility in Activities of Business Organizations: Corporate Social Responsibility of not Socially Responsible Business Organizations in Lithuanian Alcohol MarketRenata Matkevičienė SummaryBusiness organizations that work in alcohol and smoke producers’ market, to avoid notoriety and low reputation in national / regional / international community, use tools of corporate social responsibility. The question discussed in the paper is based on assumptions that business organizations that produce goods such as alcohol or tobacco use tools of social responsibility to create and manage their reputation. Qualitative analysis of the content of news presented on business organizations’ web pages show that these organizations are more careful about manifestation of their international activities that could be named as socially responsible and are presented in English, than about the activities that are presented for local community in the Lithuanian language. The investigation presented in the article shows the tendency of manifestation of corporate social responsibility activities as a means of marketing but not as social projects oriented towards community (national / regional / international). The research carried out in 2008 and presented in the article shows that the business organizations that work in the not socially responsible market use corporate social responsibility only as much as it is useful for advertising and promotion activities.

scholarly journals Which Corporate Social Responsibility Performance Affects the Cost of Equity? Evidence from Korea

2019 ◽  
Vol 11 (10) ◽  
pp. 2947 ◽  
Author(s):  
Youngkyung Ok ◽  
Jungmu Kim
Keyword(s):  
Environmental Management ◽  
Corporate Governance ◽  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Firm Value ◽  
Cost Of Equity ◽  
Socially Responsible ◽  
Responsible Management ◽  
Corporate Social ◽  
The Cost

This study analyzes the effect of corporate social responsibility activities on the cost of equity in Korea. We find that firms with better corporate social responsibility (CSR) performance generally exhibit cheaper equity financing. Considering three dimensions of CSR separately, we find that a higher “socially responsible management” significantly reduces the cost of equity by 1.13%-1.37% per annum and “Corporate governance” activity also marginally affects the cost of equity, while “environmental management” has no impact. Our result is robust in controlling for systematic risk, size, leverage ratio, and the number of analysts. These results imply that enhancing socially responsible management and corporate governance can increase firm value in Korea, but environmental management is not relevant for firm values. Putting differently, investors tolerate a lower return from firms with more CSR activities, because they expect them to provide sustainable incomes. Future researches can extend our approach to examining the effect on the cost of debt and cost of capital.

scholarly journals Subjects and Addressees of Social Responsibility (On the Example of Organizations of Volgograd)

2019 ◽  
pp. 55-61
Author(s):  
Tatyana Gorina
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Local Community ◽  
Positive Impact ◽  
Well Being ◽  
Business Development ◽  
Structured Interviews ◽  
Socially Responsible ◽  
Non Profit ◽  
Corporate Social

The study is based on the analysis of semi-structured interviews of 15 heads of commercial and non-profit organizations in Volgograd. To process the data obtained during the interview, the method of network thematic analysis was used. The study showed that the socially responsible activities of commercial organizations and NGOs of Volgograd is often defined by relationships between people rather than by relations between companies, which is one of the reasons that encourages actors to personal participation in socially responsible activities and helps to strengthen the positive impact of corporate social responsibility on the society. The moral aspect of these relationships (friendship, trust, care, support, etc.) as the most important component of social capital contributes to the development of socially responsible behavior. The involvement of subjects in socially responsible activities is also influenced by the current social and economic situation in Volgograd. Respondents assign a regulatory role to the state as a subject of social responsibility; they believe that it can act as an initiator of social projects, as well as contribute to the expansion of corporate social responsibility, creating conditions for business development. Representatives of Volgograd organizations help those whose problems, difficulties are clear, cause sympathy due to the personal experience of the subject, personal observations. An important criterion for choosing the recipients of social responsibility is the place of residence of its subjects (help their city, district, take care of the well-being of the local community in the territory of the company's presence). The social responsibility of organizations in Volgograd is determined by goals and motives that go beyond economic expediency (gratitude, pride, duty, loyalty, justice, love for people, etc.). At the same time, the scale of assistance depends, according to respondents, on the availability of free financial resources, which can no longer be spent on business development, employee compensation, personal needs.

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