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1.
Firms are spending billions annually in the name of corporate social responsibility (CSR). Whilst markets are increasingly
willing to reward good and responsible firms, they lack the instruments to measure corporate social performance (CSP). To
convince investors and other stakeholders, firms invest heavily in building a reputation for good corporate behaviour. This
article argues that reputations for CSP are often unrepresentative of true CSP and investigates how differences in ‹perceived’
and ‹actual’ – as measured by the Fortune and KLD databases, respectively – can partly be explained by firm characteristics.
Amongst other things, it finds that overrated firms are more likely to be relatively big, profitable, operating in non-polluting
but competitive industries and with no history of wrong doings to their primary stakeholders. They will also typically spend
a lot of effort satisfying the claims of their secondary stakeholders. Above all, the results emphasise the need for researchers
to recognise that the databases measure different phenomenon and are not interchangeable. 相似文献
2.
Research suggests that international assignment experience enhances awareness of societal stakeholders, influences personal
values, and provides rare and valuable resources. Based on these arguments, we hypothesize that CEO international assignment
experience will lead to increased corporate social performance (CSP) and will be moderated by the CEO’s functional background.
Using a sample of 393 CEOs of S&P 500 companies and three independent data sources, we find that CEO international assignment
experience is positively related to CSP and is significantly moderated by the CEO’s functional background. Specifically, CEOs
with international assignment experience and an output functional background (e.g., marketing and sales) are positively associated
with greater CSP. 相似文献
3.
4.
Javier Aguilera-Caracuel Juan Alberto Aragón-Correa Nuria Esther Hurtado-Torres Alan M. Rugman 《Journal of Business Ethics》2012,105(4):461-474
This article combines institutional and resources’ arguments to show that the institutional distance between the home and
the host country, and the headquarters’ financial performance have a relevant impact on the environmental standardization
decision in multinational companies. Using a sample of 135 multinational companies in three different industries with headquarters
and subsidiaries based in the USA, Canada, Mexico, France, and Spain, we find that a high environmental institutional distance
between headquarters’ and subsidiaries’ countries deters the standardization of environmental practices. On the other hand,
high-profit headquarters are willing to standardize their environmental practices, rather than taking advantage of countries
with lax environmental protection to undertake more pollution-intensive activities. Finally, we show that headquarters’ financial
performance also imposes a moderating effect on the relationship between environmental institutional distance between countries
and environmental standardization within the multinational company. 相似文献
5.
Using panel data of 4,244 company years, we examine whether and how corporate social performance (CSP) affects a firm’s capacity
to achieve profitable sales in foreign markets. Based on our extension of instrumental stakeholder theory into the international
arena, we hypothesized a U-shaped relationship between CSP and multinationality. Results supported our contention that multinational
enterprises (MNEs) need to be substantially committed to social performance objectives if they are to recoup the cost of their
CSP investments, and improve their capacity to compete in foreign markets. MNEs engaged in intermediate levels of CSP achieve
lower levels of multinationality than firms operating at either anchor of the social performance continuum. In addition, this
study demonstrates that CSP moderates a well-established relationship in international business literature – the relationship
between R&D investment and a firm’s multinationality. Implications for research and practice are discussed. 相似文献
6.
7.
A Survey of Managers’ Perceptions of Corporate Ethics and Social Responsibility and Actions that may Affect Companies’ Success 总被引:2,自引:1,他引:1
This exploratory study examines how managers and professionals regard the ethical and social responsibility reputations of
60 well-known Australian and International companies, and how this in turn influences their attitudes and behaviour towards
these organisations. More than 350 MBA, other postgraduate business students, and participants in Australian Institute of
Management (Western Australia) management education programmes were surveyed to evaluate how ethical and socially responsible
they believed the 60 organisations to be. The survey sought to determine what these participants considered ‘ethical’ and
‘socially responsible’ behaviour in organisations to be. The survey also examined how the participants’ beliefs influenced
their attitudes and intended behaviours towards these organisations. The results of this survey indicate that many managers
and professionals have clear views about the ethical and social responsibility reputations of companies. This affects their
attitudes towards these organisations which in turn has an impact on their intended behaviour towards them. These findings
support the view in other research studies that well-educated managers and professionals are, to some extent, taking into
account the ethical and social responsibility reputations of companies when deciding whether to work for them, use their services
or buy shares in their companies. 相似文献
8.
Based on a contest analysis of the official websites of top 100 companies in China in 2007, the paper reports the social performance of large Chinese companies. We try to focus on and answer the following three questions about CSP of large companies in China: (1) how is their overall social performance?; (2) what are the social issues they addressed?; and (3) what are the stakeholders they addressed? The results are also compared among different ownership companies and among different industrial companies. The findings indicate that CSR/CSP in China is still in the beginning stage, and?CSR/CSP is different among different industrial companies.
相似文献9.
This study focuses on why some companies in developing countries go beyond environmental regulations when implementing their
corporate environmental social responsibilities or citizenship behavior. Drawing mainly upon the new institutional theory,
this study develops a conceptual framework to explain three institutional factors: companies’ market orientations, industrial
characteristics, and corporate identities. Accordingly, we suggest that companies from developing countries that are oriented
to markets in developed countries, operate in highly concentrated industries, and have missionary identities adopt corporate
environmental citizenship behavior by going beyond environmental regulations. The study also discusses the theoretical, policy,
and managerial implications of the conceptual framework. 相似文献
10.
An Empirical Examination of Institutional Investor Preferences for Corporate Social Performance 总被引:2,自引:0,他引:2
This study investigates the pattern of institutional shareholding in the U.K. and its relationship with socially responsible
behavior by companies within a sample of over 500 UK companies. We estimate a set of ownership models that distinguish between
long- and short-term investors and their largest components and which incorporate both aggregated and disaggregated measures
of corporate social performance (CSP). The results suggest that long-term institutional investment is positively related to
CSP providing further support for earlier studies by Johnson and Greening (1999, Academy of Management Journal 42, 564–576) and Graves and Waddock (1994, Academy of Management Journal 37, 1034–1046). Disaggregation of CSP into its constituent components suggests that the pattern of institutional investment
is also related to the form which CSP takes. Investigation of the impact of investment screens on the selection of stocks
suggests that long-term institutional investors select primarily through exclusion, rejecting those firms which have the worst
CSP. 相似文献
11.
Corporate Charitable Contributions: A Corporate Social Performance or Legitimacy Strategy? 总被引:2,自引:0,他引:2
This study examines the relation between firms’ corporate philanthropic giving and their performance in three other social
domains – employee relations, environmental issues, and product safety. Based on a sample of 384 U.S. companies and using
data pooled from 1998 through 2000, we find that worse performers in the other social areas are both more likely to make charitable
contributions and that the extent of their giving is larger than for better performers. Analyses of each separate area of
social performance, however, indicate that the relation between giving and negative social performance (cited concerns) only
holds for the environmental issues and product safety areas. We find no significant association between corporate philanthropy
and employee relations concerns. In general, these findings suggest that corporate philanthropy may be more a tool of legitimization
than a measure of corporate social responsibility. 相似文献
12.
Bin Jiang 《Journal of Business Ethics》2009,85(1):77-92
Western buying companies impose Supplier Codes of Conduct (SCC) on their suppliers in developing countries; however, many
suppliers cannot fully comply with SCC and some of them even cheat in SCC. In this research, we link contract characteristics
– price pressure, production complexity, contract duration – to the likelihood of supplier’s commitment to SCC through a mediating
process: how the buying companies govern their suppliers. Our structural equation model analysis shows that the hierarchy/relational
norms governance is a perfect mediator of contract characteristics’ effects on the likelihood of supplier’s commitment; the
market governance, an insignificant one. The managerial implications are provided for successfully implementing SCC in global
supply chains. 相似文献
13.
Debra Z. Basil Mary S. Runte M. Easwaramoorthy Cathy Barr 《Journal of Business Ethics》2009,85(Z2):387-398
Company support for employee volunteerism (CSEV) benefits companies, employees, and society while helping companies meet the
expectations of corporate social responsibility (CSR). A nationally representative telephone survey of 990 Canadian companies
examined CSEV through the lens of Porter and Kramer’s (2006, ‘Strategy and society: the link between competitive advantage
and corporate social responsibility’, Harvard Business Review, 78–92.) CSR model. The results demonstrated that Canadian companies passively support employee volunteerism in a variety
of ways, such as allowing employees to take time off without pay (71%) or adjusting their work schedules (78%). These Responsive
CSR efforts contribute to the company’s value chain by enhancing employee morale, a perceived CSEV benefit. More active forms
of support requiring company time or money are less common; for example, 29% allow time off with pay. Companies perceive that
support for employee volunteering enhances their public image, a Responsive CSR strategy when employed to ameliorate a damaged
reputation or a Strategic CSR strategy when contributing to a competitive position. A minority perceive challenges like covering
the workload. Many companies target and/or exclude particular causes and link CSEV efforts with other philanthropic donations,
suggesting a Strategic CSR application of CSEV. Where programs exist, they frequently are neither tracked nor evaluated, suggesting
that companies are not using these programs as strategically as they might. 相似文献
14.
Réal Labelle Taïeb Hafsi Claude Francoeur Walid Ben Amar 《Journal of Business Ethics》2018,148(3):511-525
This study investigates the engagement of family firms in corporate social responsibility. We first compare their corporate social performance (CSP) to non-family firms. Then, following recent evidence on the heterogeneity of family firms, we examine two factors that may influence CSP within family firms: the level of family control and the governance orientation of the country in which they operate. This research is based on a theoretical framework which considers both agency and socioemotional wealth (SEW) influences on family firms CSR engagements. Overall, we find that family firms exhibit lower CSP than non-family firms. But when focusing on family firms, our analyses show a curvilinear relationship between family control and CSP. At lower levels of control, family owners invest more in social initiatives to protect their SEW. Beyond a threshold level of control that we estimate at 36 % in our sample, economic considerations prevail over SEW and social performance starts decreasing. We also find that family firms operating in stakeholder-oriented countries are more attentive to social concerns than those operating in more shareholder-oriented countries. 相似文献
15.
Public Policies on Corporate Social Responsibility: The Role of Governments in Europe 总被引:3,自引:0,他引:3
Over the last decade, Corporate Social Responsibility (CSR) has been defined first as a concept whereby companies decide voluntarily
to contribute to a better society and cleaner environment and, second, as a process by which companies manage their relationship␣with
stakeholders (European Commission, 2001. Nowadays, CSR has become a priority issue on governments’ agendas. This has changed governments’ capacity to act and impact
on social and environmental issues in their relationship with companies, but has also affected the framework in which CSR
public policies are designed: governments are incorporating multi-stakeholder strategies. This article analyzes the CSR public policies in European advanced democracies, and more specifically the EU-15 countries, and provides explanatory keys on how governments
have understood, designed and implemented their CSR public policies. The analysis has entailed the classification of CSR public
policies taking into consideration the actor to which the governments’ policies were addressed. This approach to the analysis
of CSR public policies in the EU-15 countries leads us to observe coinciding lines of action among the different countries
analyzed, which has enabled us to propose a ‹four ideal’ typology model for governmental action on CSR in Europe: Partnership, Business in the Community, Sustainability, and Citizenship, and Agora. The main contribution of this article is to propose an analytical framework to analyze CSR public policies, which provide
a perspective on the relationships between governments, businesses, and civil society stakeholders, and enable us to incorporate
the analysis of CSR public policies into a broader approach focused on social governance.
Laura Albareda is currently a Research Fellow at the Institute for Social Innovation, ESADE, Universidad Ramon Llull-URL. She is principal
researcher and manager of the Observatory on Socially Responsible Investment in Spain. Her areas of research and academic
interest are Corporate Social Responsibility, Business Ethics, Global Governance and Public Authorites, Governments and Public
Policies on Corporate Social Responsibility and Socially Responsible Investment.
Josep M. Lozano is currently Professor & Senior Researcher at the Institute for Social Innovation, ESADE Business School (URL). He is Co-founder
of ética, Economía y Dirección (Spanish branch of the EBEN) and member of the editorial board of Ethical Perspectives and Society and Business Review. He was member of the Catalan Government’s Commission on Values, and is member of the Spanish Ministry of Employment and
Social Affairs’ Commission of Experts on CSR. He has been a highly commended runner-up in the European Faculty Pioneer Awards
of the Beyond Grey Pinstripes and is author of Ethics and Organizations. Understanding Business Ethics as a Learning Process (Kluwer).
Tamyko Ysa is an Assistant Professor of the Institute of Public Management, and the Department of Business Policy at ESADE. Her areas
of interest are the management of partnerships and their impact on the creation of public value; the design, implementation
and evaluation of public policies, and the relations between companies and governments. She is the Principal Researcher of
the Research Group for Leadership and Innovation in Public Management (GLIGP). She is coauthor of Governments and Corporate
Social Responsibility (Palgrave MacMillan). 相似文献
16.
《Journal of World Business》2018,53(1):27-38
In this paper, we investigate the impact of internationalization on the corporate social performance (CSP) of extractive industry firms (EIFs). We argue that internationalization positively impacts their CSP because, as they internationalize, they increasingly benefit from actions that help them enhance their social licenses to operate (SLOs) and hence have a greater need to increase both the overall social (SP) and environmental (EP) aspects of their CSP. We hypothesize that as EIFs internationalize, both their SP and EP grow; that SP grows more relative to EP; and that the level of development of EIFs’ home countries moderates these relationships. 相似文献
17.
Jose-Manuel Prado-Lorenzo Isabel-Maria Garcia-Sanchez 《Journal of Business Ethics》2010,97(3):391-424
In today’s world, the corporate image of the largest companies is closely linked to their performance in the field of corporate
social responsibility and the disclosure of information on that topic, specifically, on climate change. Since the Board of
Directors is the body responsible for this process, the aim of this article is to show the role that companies’ Boards of
Directors play in the accountability process vis-à-vis stakeholders in relation to one specific aspect which has enormous significance in environmental information: practices used
to monitor greenhouse gas emissions. In order to achieve this, we shall verify certain business characteristics, in addition
to the size and activity of the Board of Directors, and we shall take different dependence models into consideration. These
models will include variables related to the level of independence and diversity of the Board of Directors, which interact
with dummy variables representing the company’s litigation risks regarding environmental behavior and the institutional macro-context
of the organization’s country of origin. The results make it clear that Boards of Directors are basically focused on the
traditional responsibility of creating economic value, instead of dealing with today’s broader business world concepts, which
include social responsibility. This focus, therefore, does not favor the accountability process before other stakeholders,
if this makes it more difficult to protect the interests of shareholders. 相似文献
18.
Although interest in Corporate Social Responsibility (CSR) in emerging markets has increased in recent years, most research
still focuses on developed countries. The scant literature on the topic, which traditionally suggested that CSR was relatively
underdeveloped in emerging markets, has recently explored the context specificity, suggesting that it is different and reflects
the specific social and political background. This would particularly apply to local companies, not so much to foreign subsidiaries
of multinationals active in emerging markets. Thus far, empirical research that systematically documents a range of CSR activities
of local companies and their performance has been scarce. This paper reports the results of a survey conducted among companies
in the Mexican auto industry. CSR performance was investigated across three dimensions: environmental, labor, and community,
using measures from existing research and global, ‘Western’ standards of practice, to identify the type of CSR activities
and the level of CSR performance that exists, if at all, in the emerging-market context. Results show that local companies
do engage in the type of CSR activities commonly associated with CSR in developed countries. To the extent that comparisons
could be made, our findings also indicate that CSR activities and levels among the sample are comparable to what is known
about CSR in developed-country settings. Moreover, six of the nine CSR dimensions are intercorrelated, which suggests that
CSR in the Mexican auto parts industry is more structural than incidental. 相似文献
19.
Thomas Laudal 《Journal of Business Ethics》2010,96(1):63-77
Most empirical studies of corporate social responsibility (CSR) focus on variables at the company level. In this article,
I focus on the sector level: I consider features of the international clothing business and of the global economy in general,
that may influence the CSR potential. There is high ‘CSR potential’ when sector-specific features indicate that the risk of
violating CSR standards is high. Thus, ‘high CSR potential’ indicates that there is a potential for positive influence through
CSR-related actions. Based on several empirical studies of the clothing business, I identify six features that indicate a
high CSR potential. These features are shown to be consistent with more general features of the global economy. This holds
whether we emphasize asymmetric relations and unequal distribution, the product cycle, or transnationalization. Thus, the
CSR potential of the international clothing business seems not only to be a product of sector-specific properties, but also
of more systemic and general features of the global economy. This suggests that the CSR performance of individual companies
may enhance their social and environmental impact, but will probably have little effect on the features that determine the
CSR potential. In order to affect these features I argue, we rely on other institutions to act – mainly governments. Finally,
I conclude that this study shows that it is useful to identify the CSR potential of a business sector. We get a picture of
which part of the international CSR standards companies run the greatest risk of violating and of which structural issues
intergovernmental actions should address to reduce the potential for violating CSR standards. 相似文献
20.
The aim of this paper is to investigate the relationship between environmental, social, and governance (ESG) controversies and firm market value. We use a unique dataset of more than 4000 firms from 58 countries during 2002–2011. Primary analysis surprisingly shows that ESG controversies are associated with greater firm value. However, when interacted with the corporate social performance (CSP) score, ESG controversies are found to have no direct effect on firm value while the interaction appears to be highly and significantly positive. Building on this evidence, we attempt to explore the channels through which CSP may enhance market value. Conducting sample split analysis indicates that higher CSP score has an impact on market value only for high-attention firms, those firms which are larger, perform better, located in countries with greater press freedom, more searched on the Internet, more followed by analysts, and have an improved corporate social reputation. Thus, our findings provide new insights on the role of firm visibility through which firms can profit from their CSP. 相似文献