The Impact of Board Structure on Corporate Social Responsibility: A Temporal View

Time plays an important role in corporate social responsibility (CSR) decisions. In the context of time and the boardroom, the consideration of CSR can be affected by board structure. For example, because of considerable short‐term pressures, this study posits that insiders on the board are less likely to prioritize the longer‐term time horizons needed to affect CSR. Following this perspective, a hypothesis is put forth that insiders generally have temporal orientations that are more short term in nature and that they therefore have a negative effect on CSR. A study of 300 of Australia's largest firms confirmed this hypothesis. However, when inside director compensation linked to environmental and social metrics and inside director CSR training are introduced as moderating variables, their interactive effects lead to positive results: both positively moderate the negative insider–CSR relationship in environmental and social dimensions. The study contributes to a temporal view of boards of directors, as well as to corporate governance and CSR. Copyright © 2016 John Wiley & Sons, Ltd and ERP Environment     

基于利益相关者理论的企业心理契约和社会责任管理

市场经济是契约经济,企业社会责任管理的主要方式是契约管理,其中以有形的文本契约为主,心理契约作为文本契约的有益补充,对企业绩效发挥重要作用。企业社会责任管理是全面的责任管理,涉及股东、债权人、员工、顾客、政府和环境,同时,企业社会责任是全方位的责任管理,包括经济责任、法律责任和道德责任。因此,实施企业社会责任的心理契约管理,要全面、全方位地把握。     

企业社会责任信息披露研究综述

伴随着经济社会发展速度的日益提升,人们的社会意识也随之得到了不断地提升,由此,企业的社会责任问题成为了人们所普遍关注的焦点和热点所在。也正是因为此,更多的企业在和社会责任相关的信息上面被披露。针对此,本文从企业社会责任思想的发展入手,站在理论和实际两个角度上,来详细对国内外企业社会责任信息披露的研究现状进行分析。     

An analysis of environmental corporate social responsibility

This article investigates corporate social responsibility (CSR) practices while taking into account their product substitutability and environmental responsibility. CSR firms, integrating environmental and social concerns into its business operations, are introduced. The effects of the firms' social concerns, environmental responsibility, and product substitutability are all captured. First, firms' social concerns improve both outputs and CSR firms' objective function value, while reducing the profit maximization firm's profits. Second, environmental responsibility has the contrary effects. Both the outputs and the objective function values of both firms decrease with their product substitutability. Finally, social concern effects on CSR firms' performance are uncertain.     

家族企业社会责任:研究述评与未来展望

在企业社会责任不断重构家族企业商业模式和可持续发展路径的背景下,家族企业的社会责任问题日益成为社会关注的热点。尽管过去十多年来学者们从多种理论视角对家族企业社会责任的前因和结果等议题展开了颇具成效的研究,但研究成果呈现出碎片化和模糊化的特征。基于此,首先区分了家族企业与非家族企业社会责任的不同内涵,明晰了家族企业社会责任的内涵与特征;其次,整合并评述了不同理论视角下家族企业社会责任的行为动因,并系统归纳了家族企业社会责任的影响效应,在此基础上构建了家族企业社会责任研究的逻辑框架;最后,对家族企业社会责任的未来研究方向进行了展望。     

Revising the Corporate Social Performance Model – Towards Knowledge Creation for Sustainable Development

The objective of this paper is to offer a revision of the corporate social performance (CSP) model. CSP exemplifies how corporate social responsibility translates into an organization's practice by focusing on three key features of performance: principles, processes and outcomes. However, the development of the model has not kept pace with the literature on social and environmental responsibility. This study builds on an argument that if corporate social responsibility in general – in which CSP plays an important role – is to respond to the challenges of sustainable development, the CSP of businesses could be more profoundly planned in order to design knowledge outcomes that contribute to meeting those challenges. The paper thus answers the recent call for the development of a CSP model by revising some of the key elements in the existing model and also by adding a knowledge creation dimension. Copyright © 2013 John Wiley & Sons, Ltd and ERP Environment     

Assessing the impact of green supply chain practices on firm performance in the Korean manufacturing industry

As a growing number of customers tend to view corporate social responsibility (CSR) as a key purchase decision criterion, demands for CSR including environmental sustainability have accelerated in today's business world. To meet such demands, many firms consider embracing environment-friendly business practices. However, many firms are still hesitant to implement those practices due to sceptical views about their real managerial benefits. Although the previous literature confirms the positive link between a firm's commitment to environmental sustainability and its performance, the varying degree of impact of different kinds of environment-friendly supply chain practices on the firm's operational performance is still unknown. To fill the void left by prior research, this paper aims to classify various types of green supply chain management (GSCM) practices and then assess the impact of each of these distinct types on the firm's operational performances (especially manufacturing and marketing performance). Also, this paper examines how the firm's organisational profiles such as firm size affect the particular firm's choice of GSCM practices. Our experimental results reveal that the chosen type of GSCM practices influences the firm's performance differently.     

Board internationalization and corporate social responsibility

This study examines the association between board internationalization and firms’ corporate social responsibility (CSR) performance in China during 2009–2019. Using a large dataset of director nationalities and CSR scores, we find that foreign directors promote CSR performance as evidenced by higher CSR scores. We further document that this relationship is more pronounced among government-controlled firms, firms with better corporate governance, and firms operating under stricter institutional environments. These findings remain valid after sequential robustness checks. Overall, our findings imply that foreign directors motivate the board of directors and their firms to actively pursue and practice social responsibility. Our study enriches the literature on the outcomes of board internationalization and determinants of CSR and provides the internationalization of corporate governance mechanisms a reasonable basis.     

Corporate social responsibility and corporate performance: a quantile regression approach

This paper investigates the impact of corporate social responsibility activities on corporate performance. In view of the inconsistent empirical findings in the literature, and the limitations of least squares regressions, we adopt a quantile regression method to fill this gap in the literature. An important finding is that the sensitivity of a company’s performance to its engagement in corporate social responsibility activities does not vary with the quantile location of the firm’s performance level, and the engagement in corporate social responsibility activities has a significant positive relation with corporate performance across all quantiles. This study argues that undertaking corporate social responsibility leads to greater financial returns than the related costs. Therefore, this study concludes that engaging in corporate social responsibility is beneficial for firms, and thus worth implementing.     

声誉作用下民营企业社会责任战略投资价值研究

企业社会责任问题备受关注。本文主要研究了声誉作用下民营企业社会责任战略投资价值,并提出了笔者的看法。     

高管股权激励能推动企业承担社会责任吗？

如何激励高管主动承担企业社会责任一直是学术研究的热点话题。利用中国A股上市公司数据对高管股权激励与企业社会责任间的关系进行实证检验,研究结果表明,高管股权激励能够推动企业承担社会责任,表现为实施股权激励的样本有更高的企业社会责任得分。在年度政策不确定程度更高的样本中,高管股权激励对企业社会责任有更明显的推动作用;在地区市场化程度更高的样本中,高管股权激励对企业社会责任有更明显的抑制作用。作用机制检验表明,高管股权激励主要通过激励风险承担和缓和融资约束两条路径对企业承担社会责任产生积极的影响,表现为在风险回避倾向更高的样本以及融资约束更严重的样本中,股权激励与企业社会责任得分的正相关关系更显著。经济后果检验表明,实施股权激励企业的社会责任得分越高,企业的财务业绩和市场业绩也越好。     

The relationships among corporate social responsibility,corporate image and economic performance of high-tech industries in Taiwan

The economic development of high-tech industries in Taiwan focuses on IC design, opt electrics, semiconductors, computer science and telecommunication. It is necessary for business to understand the relations and significance of the economic performance to take the responsibility and keep a positive corporate image, thus they can earn more admiration and trust from customers. How do they take the social responsibility to improve their corporate image and create the economic performance, and finally reach the top one of the whole world? This study discusses the subject concerning the continuing development of business and relevant issues stated above. We found that 68.1% of high-tech industries in Taiwan are in accordance with business ethics and norms of conduct. Businesses take their responsibility practically by participating in public welfare activities. The more responsibilities they fulfill; the better image they have. High-tech industries should target the social responsibility as their first goal and secondly improve their corporate image to increase the economic performance.     

Bridging the gap between corporate social responsibility and new green product success: The role of green organizational identity

In this study we explore the relationship between corporate social responsibility and new green product success based on organizational identity theory. The hypotheses are tested on a sample of 150 companies in China. The results indicate that corporate social responsibility positively affects both green organizational identity and green adaptive ability. We also find that green organizational identity and green adaptive ability are positively influences on new green product success. In addition, we find that green organizational identity partially mediates the relationship between corporate social responsibility and green adaptive ability. Moreover, green organizational identity fully mediates the link between corporate social responsibility and new green product success. This means that corporate social responsibility indirectly and positively affects new green product success through green organizational identity. These results suggest that managers should seek to enhance their organizational sense of green identity and improve their organizational green adaptive ability, which will facilitate their firm's sustainable development. The theoretical and practical implications of these findings for environmental policy are also discussed.     

Greenwashing and environmental communication: Effects on stakeholders' perceptions

Since the first Earth Day in the 1970s, corporate environmental performance has increased dramatically, and cases of greenwashing have increased sharply. The term greenwash refers to a variety of different misleading communications that aim to form overly positive beliefs among stakeholders about a company's environmental practices. The growing number of corporate social responsibility claims, whether founded or not, creates difficulties for stakeholders in distinguishing between truly positive business performance and companies that only appear to embrace a model of sustainable development. In this context, through the lens of legitimacy and signalling theory, we intend to understand and assess the different influences that various types of misleading communications about environmental issues have on stakeholders' perceptions of corporate environmental responsibility and greenwashing. Stakeholder responses to an environmental scandal will also be assessed. The hypotheses tested through a four‐for‐two design experiment reveal that different levels of greenwashing have a significantly different influence on stakeholders' perceptions of corporate environmental responsibility and stakeholders' reactions to environmental scandals.     

Discursive (de)legitimation of a contested Finnish greenfield investment project in Latin America

Despite the central role of legitimacy in corporate social responsibility debate, little is known of subtle meaning-making processes through which social actors attempt to establish or de-establish legitimacy for socially contested corporate undertakings, and through which they, at the same time, struggle to define the proper social role and responsibility of corporations. We investigated these processes in the context of the intense sociopolitical conflict around the Finnish forest industry company Metsä-Botnia's world-scale pulp mill in Uruguay. A critical discursive analysis of Finnish media texts highlights three types of struggle that characterized the media coverage: legalistic argumentation, truth fights, and political battles. Interestingly, this case illustrates how the corporate representatives – with the help of the national media – tend to frame the issue in legalistic terms, emphasize their expert knowledge in technical and environmental evaluations, and distance themselves from political disputes. We argue that similar tendencies are likely to characterize corporate social responsibility debates more generally.     

Libros: Reseñas críticas

Zadek, Simon. The civil corporation: The new economy of corporate citizenship. Libros recientes: CIOSL (Confederación Internacional de Organizaciones Sindicales Libres). Informe anual sobre las violaciones de los derechos sindicales 2001. Côté, Daniel (director). Les holding coopératifs: Évolution ou transformation définitive? Zhou, Huizhong (director). The political economy of health care reforms. Nuevas publicaciones de la OIT: Decimotercera Reunión Regional Asiática, agosto de 2001. Memoria del Director General: Decent work in Asia: ILO activities in the region. Directrices relativas a los sistemas de gestión de la seguridad y la salud en el trabajo, ILO‐OSH 2001. La industria de la construcción en el siglo XXI: su imagen, perspectivas de empleo y necesidades en materia de calificaciones. Informe para el debate de la Reunión tripartita sobre la industria de la construcción en el siglo XXI: su imagen, perspectivas de empleo y necesidades en materia de calificaciones. Seguridad social: un nuevo consenso.     

Enhancing the role of human resource management in corporate sustainability and social responsibility: A multi-stakeholder,multidimensional approach to HRM

This paper focuses on the increased pressure for corporations to engage in corporate sustainability (CS) and corporate social responsibility (CSR) in order to address the current crisis of confidence in business, align their activities with the needs and expectations of a broader set of stakeholders, and help tackle the world's grand challenges. We argue that human resource management (HRM) has a potentially vital role to play in contributing to a firm's CS/CSR efforts, but so far has failed to deliver. We explore the reasons for this failure and discuss ways for HRM to play a more prominent role in the design and implementation of a firm's CS/CSR strategy. Building on earlier attempts to integrate corporate responsibility and sustainability into the HRM performance construct, we propose a multidimensional, multi-stakeholder approach to sustainable HRM that encompasses activities aimed both at avoiding harmful consequences for stakeholders and contributing to positive outcomes along the triple bottom line (i.e., people, planet, and prosperity). We discuss implications for research and develop a set of propositions and guidelines for future research.     

Corporate sustainable actions through United Nations sustainable development goals: The internal customer's response

Designing sustainable corporate social responsibility (CSR) strategy utilizing the United Nations sustainable development goals (SDGs) framework to deal with consumption in a sustainable and responsible fashion is increasingly a requirement in emerging economies. This paper examines sustainable social initiatives (SIs) via a CSR model and social lens as part of the SDG framework for multinational enterprises (MNEs), to determine the perception of the internal customer and stakeholder (i.e., the employee) alongside their identification and voluntary engagement in their organization's SIs. The study examines internal customers (as the employee) of two MNEs who reside in a developed country and two developing countries from emerging economies. The findings indicate that identification with the SDG‐based SIs selected by MNEs for this study mediates the relationship between perception of their organization's perceived CSR and engagement in these initiatives, for employees in developing countries (and emerging markets) but not the developed country. This suggests the importance that internal employees “identify” with SDG‐based SIs in emerging markets in particular and builds on significant managerial implications for MNEs in these markets alongside their voluntary work with nonprofits as part of their SIs and CSR strategy. The findings also confirm the importance of MNEs adopting SIs that are not only relevant to the global United Nations SDG framework but also relevant to the actors, collaborators, and nonprofit organizations involved in these SIs, including stakeholders and in particular the internal customer (i.e., employee) who volunteer their time to implement these SIs in the communities where MNEs reside.     

Does doing “good” always translate into doing “well”? An eco‐efficiency perspective

Does doing “good” always translate into doing “well”? Debate over the “value” of corporate social responsibility is high on the agenda of corporate finance research. Deeper understanding is required on managers' incentives to pursue and implement corporate social responsibility related strategies, as is more thorough comprehension of the effect of these strategies to firms' performance levels as well as shareholder and wider stakeholder valuations of the firm. This paper provides a new lens by approaching the subject from a different methodological paradigm, grounded in the performance benchmarking methods more commonly applied in operational research. In so doing, we provide novel evidence of the effect of corporate choices on environmental, social, and governance (ESG) strategic investment compliance (i.e., doing good) to firms' eco‐efficiency levels (doing well). In brief, our empirical findings suggest that ESG and firm's eco‐performance are nonlinearly related. Specifically, advanced ESG policies and disclosure levels are associated with a positive affect to firms' eco‐efficiency levels, but only up to a point, after which the effect becomes “neutral,” that is, ESG demonstrates a visible pattern of diminishing marginal returns. Thus, we may humbly conclude that a firm may “do well” by doing good, but it is not clear they should ever expect to “do great” just by “doing good.” The threshold at which this “neutrality” appears varies systematically with the characteristics of the sector in which the firm is operating, as well as dimensions of board diversity. Finally, it is evident that ESG implementation choices can be a source of managerial agency problems.     

LIBROS

Resenas críticas: Ulrich, Dave (director). Delivering results: A new mandate for human resource professionals. Resenas críticas: Wagner, Helmut (director). Globalization and unemployment. Libros recientes: Antunes, Ricardo. ¿Adiós al trabajo? Ensayo sobre las metamorfosis y el rol central del mundo del trabajo. Libros recientes: Blanpain, Roger (director); Colucci, Michele; De Smijter, Eddy; Engels, Chris; Hendrickx, Frank, y Salas, Lisa. Institutional changes and European social policies after the Treaty of Amsterdam. Nuevas publicaciones de la OIT: Convenios y recomendaciones sobre el trabajo marítime, con inclusión de las normas sobre la pesca, el trabajo portuario y la navegación interior. Tercera edición. Nuevas publicaciones de la OIT: El diálogo social en los países andinos: ¿Nuevo camino para los sindicatos? Por Juan Manuel Sepúlveda Malbrán y María Luz Vega Ruiz. Nuevas publicaciones de la OIT: Inseguridad laboral y competitividad: modalidades de contratación. Obra dirigida por Víctor E. Nuevas publicaciones de la OIT: Labour relations in SME in selected Central and Eastern European countries. Dirigido por Giuseppe Casale. Nuevas publicaciones de la OIT: Managing the cooperative difference: A survey of the application of modern management practices in the cooperative context. Por Peter Davis. Nuevas publicaciones de la OIT: Manual para la defensa de la libertad sindical. Por José Marcos‐Sánchez. Nuevas publicaciones de la OIT: Modular package on gender, poverty and employment. Reader's kit. Nuevas publicaciones de la OIT: Modular package on gender, poverty and employment. Facilitator's kit. Nuevas publicaciones de la OIT: Negociar la flexibilidad. La función de los interlocutores sociales y del Estado. Dirigido por Muneto Ozaki. Nuevas publicaciones de la OIT: Población, pobreza y mercado de trabajo en América Latina. Dirigido por Ricardo A. Nuevas publicaciones de la OIT: Recomendaciones internacionales de actualidad en estadísticas de trabajo. Edición 2000. Nuevas publicaciones de la OIT: Seguridad social para la mayoría excluida. Estudios de casos de países en desarrollo. Dirigido por Wouter van Ginneken. Nuevas publicaciones de la OIT: Social dialogue in Central and Eastern Europe. Dirigido por Giuseppe Casale. Nuevas publicaciones de la OIT: Termination of employment digest. Nuevas publicaciones de la OIT: Un desarrollo agrícola sostenible en una economía mundializada. Informe para el debate de la Reunión tripartita sobre el logro de un desarrollo agricola sostenible mediante la modernización de la agricultura y el empleo en una economía mundializada.