Corporate Responsibility And Financial Performance

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Corporate Responsibility and Financial Performance

Author : Moses Pava,Joshua Krausz
Publisher : Praeger
Page : 0 pages
File Size : 53,9 Mb
Release : 1995-08-30
Category : Business & Economics
ISBN : 9780899309217

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Corporate Responsibility and Financial Performance by Moses Pava,Joshua Krausz Pdf

The core idea of corporate social responsibility, the notion that companies have a responsibility beyond legal requirements, is by now deeply embedded in the corporate cultures of the largest U.S. companies. The authors suggest that productive debate now focuses on the following two issues. First, what are the impacts of existing corporate social responsibility programs for the corporation? And, second, what constitutes the precise contours of this responsibility? This book explores these two themes. The issue of how corporate social responsibility affects individual companies engaged in socially responsible activities is not well understood. Further, the distinction between legitimate and illegitimate corporate social responsibility activities has not always been clearly drawn. This book, therefore, is designed to fill in some of the gaps in our understanding. This is done by carefully organizing and reviewing the relevant and growing literature on corporate social responsibility. In addition, this book reports on the results of two original empirical studies designed to further explore the relationship between corporate social responsibility and traditional financial performance. This book has profound implications for business executives and researchers in finance, accounting, business ethics, and business and society.

Corporate Responsibility and Financial Performance

Author : Moses Pava,Joshua Krausz
Publisher : Praeger
Page : 0 pages
File Size : 54,5 Mb
Release : 1995-08-30
Category : Business & Economics
ISBN : 9780899309217

Get Book

Corporate Responsibility and Financial Performance by Moses Pava,Joshua Krausz Pdf

The core idea of corporate social responsibility, the notion that companies have a responsibility beyond legal requirements, is by now deeply embedded in the corporate cultures of the largest U.S. companies. The authors suggest that productive debate now focuses on the following two issues. First, what are the impacts of existing corporate social responsibility programs for the corporation? And, second, what constitutes the precise contours of this responsibility? This book explores these two themes. The issue of how corporate social responsibility affects individual companies engaged in socially responsible activities is not well understood. Further, the distinction between legitimate and illegitimate corporate social responsibility activities has not always been clearly drawn. This book, therefore, is designed to fill in some of the gaps in our understanding. This is done by carefully organizing and reviewing the relevant and growing literature on corporate social responsibility. In addition, this book reports on the results of two original empirical studies designed to further explore the relationship between corporate social responsibility and traditional financial performance. This book has profound implications for business executives and researchers in finance, accounting, business ethics, and business and society.

Corporate Responsibility

Author : Ronny Manos,Israel Drori
Publisher : Springer
Page : 264 pages
File Size : 49,7 Mb
Release : 2016-02-02
Category : Business & Economics
ISBN : 9781137450722

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Corporate Responsibility by Ronny Manos,Israel Drori Pdf

The decision to engage in corporate social action (CSA), and the debates regarding its costs, benefits and implications to corporate performance represent a demanding issue for scholars and managers. Research is inconclusive regarding the causal relations between CSA, corporate social performance (CSP) and corporate financial performance (CFP), despite numerous empirical and theoretical studies devoted to the issue. This book presents an in-depth study of corporate social action and the factors influencing a decision to engage in it. Going beyond the causal relationship between CSA and firm performance, the book stresses the link between CSA and a firm's core managerial policies and practices, reflecting the complexity and varied facets of CSA and the numerous internal and external factors that influence its outcomes. The book draws on the experiences of various industrial sectors to reveal the importance of a range of issues such as top management pay dispersion and ownership structure, which may influence the firm's decision to engage in CSA. It also explores some of the external influences on firms, such as institutional norms, the geopolitical environment and the industrial sector. The first part of the book provides an overview of the thematic issues of CSA and performance. The second part presents a series of empirical studies that examine factors and determinants of CSA. The third part presents case studies to illustrate the processes and outcomes of CSA policy and strategy in environmentally hazardous industries.

Corporate Social Responsibility (CSR) of Multinational Companies. The Impact of CSR on Corporate Financial Performance

Author : Catharina Kaiser
Publisher : GRIN Verlag
Page : 18 pages
File Size : 49,9 Mb
Release : 2017-09-29
Category : Business & Economics
ISBN : 9783668538467

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Corporate Social Responsibility (CSR) of Multinational Companies. The Impact of CSR on Corporate Financial Performance by Catharina Kaiser Pdf

Seminar paper from the year 2014 in the subject Business economics - Business Ethics, Corporate Ethics, grade: 2,0, University of Augsburg, language: English, abstract: This essay is concerned with the empirical question whether Corporate Social Responsibility of Multinational Companies has an impact on its financial performance. Currently, the widely spread debate about the importance of responsible and sustainable behavior of firms leads to different positions in the business world and requires explicit generally excepted answers. The multitude of already existing studies shows that it is almost impossible to find one commonly accepted definition and one perfectly fitting level of CSR. This study works out two widely accepted measures of CSR and its relation to financial performance in the context of a company ́s reputation. The results of these studies show that a positive relation between social and environmental awareness and the accounting-based financial performance of a company do in fact exist. By using data from already analyzed meta-studies, the phenomenon can be explained by the importance of reputation in today ́s business world.

Conceptual and Theoretical Approaches to Corporate Social Responsibility, Entrepreneurial Orientation, and Financial Performance

Author : Paiva, Inna Sousa,Carvalho, Luísa Cagica
Publisher : IGI Global
Page : 369 pages
File Size : 45,5 Mb
Release : 2020-02-28
Category : Business & Economics
ISBN : 9781799821304

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Conceptual and Theoretical Approaches to Corporate Social Responsibility, Entrepreneurial Orientation, and Financial Performance by Paiva, Inna Sousa,Carvalho, Luísa Cagica Pdf

Over the last few years, we have witnessed the enormous success of corporate social responsibility and business all over the world. These developments, including those in which governments foster both growth through entrepreneurship and achievement of sustainable development by creating tools for worldwide impact to reconcile business interests with the demands of communities, have been unequivocal concerning job and wealth creation. Replacing short-term visions, however, has become instrumental to business success throughout the industry. Conceptual and Theoretical Approaches to Corporate Social Responsibility, Entrepreneurial Orientation, and Financial Performance is a pivotal reference source that explores corporate social responsibility through the lens of entrepreneurship and firm performance in an effort to change the approach towards long-term growth. While highlighting topics such as risk management, stewardship theory, and CEO duality, this publication explores contributions to societal welfare and methods of business creation. This book is ideally designed for managers, executives, human resources professionals, entrepreneurs, developers, academicians, researchers, industry professionals, and students.

Social Responsibility and Sustainability

Author : Walter Leal Filho
Publisher : Springer
Page : 519 pages
File Size : 46,9 Mb
Release : 2019-01-14
Category : Business & Economics
ISBN : 9783030035624

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Social Responsibility and Sustainability by Walter Leal Filho Pdf

This book comprehensively describes social responsibility and sustainable development, with contributions from scientists and representatives from industry working in the field. The papers are innovative, cross-cutting and many share practice-based experiences, some of which may be replicable elsewhere. Prepared by the Inter-University Sustainable Development Research Programme (IUSDRP) and the World Sustainable Development Research and Transfer Centre (WSD-RTC), it reiterates the current need to promote social responsibility. Social responsibility and sustainable development are two different concepts, whose integration over the years has led to significant advances in the way enterprises see and perceive their operations. It is not only about policies or steps taken to meet legal requirements, but is also about social equality and environmental accountability, also bearing in mind the links with eco-efficiency, innovation, and the health and wellbeing of workers. According to ISO 26000, social responsibility is the responsibility of an organisation for the impacts of its decisions and activities on society and the environment, through transparent and ethical behaviour that: a) contributes to sustainable development, including health and the welfare of society b) takes into account the expectations of stakeholders c) is in compliance with applicable law and consistent with international norms of behaviour d) is integrated throughout the organisation and practised in its relationships. But even though the relations between social responsibility and sustainability are strong, it is still necessary to encourage organisations to adhere to, or at least follow the principles of sustainable development in their operations, giving something back to the community. As such, there is a need for a better understanding of how social responsibility is related to sustainable development, and of the identification of processes, methods and tools that may help the integration of these two important elements. There is also a real need to showcase successful examples of how to structure behaviour and institutional practice in line with the sustainability challenges we face today. Chapter [Reviewing the Stakeholder Value Creation Literature: Towards a Sustainability Approach] is available open access under a Creative Commons Attribution 4.0 International License via link.springer.com.

SAGE Brief Guide to Corporate Social Responsibility

Author : SAGE Publications
Publisher : SAGE Publications
Page : 289 pages
File Size : 50,7 Mb
Release : 2011-05-11
Category : Business & Economics
ISBN : 9781452267470

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SAGE Brief Guide to Corporate Social Responsibility by SAGE Publications Pdf

This guide to corporate social responsibility (CSR) provides discussion of key concepts in a short, easy-to-use format. It is divided into sections on key terms, the global stage, corporate governance, corporate social responsiveness, public relations and philanthropy, and implications for corporate financial performance. It is an ideal supplement for business courses or as a reference for students and practitioners who would like to learn more about the basics of CSR.

People and Profits?

Author : Joshua Daniel Margolis,James P. Walsh
Publisher : Psychology Press
Page : 156 pages
File Size : 44,7 Mb
Release : 2001-04-01
Category : Business & Economics
ISBN : 9781135642266

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People and Profits? by Joshua Daniel Margolis,James P. Walsh Pdf

What is the relationship between the social performance of companies and their financial performance? More colloquially, can a firm effectively attend to both people and profits as it conducts its business? This question has been investigated in no fewer than 95 empirical studies published since 1972. The authors have assembled a compendium of this research to give researchers and practitioners alike a broad overview of these 95 studies and a systematic database detailing the content of each one. This book provides a comprehensive portrait of this research literature. It begins with a broad orientation to the literature, exploring why the link between social and financial performance has been subject to continual inquiry and often heated debate. The authors then present an integrated overview of the 95 studies. Through the charts and tables, the authors illuminate the nature of the studies conducted; the data samples selected for investigation; the ways in which financial and social performance have been measured; and the overall tally of results.

Corporate Responsibility

Author : Ronny Manos,Israel Drori
Publisher : Springer
Page : 264 pages
File Size : 42,7 Mb
Release : 2016-02-02
Category : Business & Economics
ISBN : 9781137450722

Get Book

Corporate Responsibility by Ronny Manos,Israel Drori Pdf

The decision to engage in corporate social action (CSA), and the debates regarding its costs, benefits and implications to corporate performance represent a demanding issue for scholars and managers. Research is inconclusive regarding the causal relations between CSA, corporate social performance (CSP) and corporate financial performance (CFP), despite numerous empirical and theoretical studies devoted to the issue. This book presents an in-depth study of corporate social action and the factors influencing a decision to engage in it. Going beyond the causal relationship between CSA and firm performance, the book stresses the link between CSA and a firm's core managerial policies and practices, reflecting the complexity and varied facets of CSA and the numerous internal and external factors that influence its outcomes. The book draws on the experiences of various industrial sectors to reveal the importance of a range of issues such as top management pay dispersion and ownership structure, which may influence the firm's decision to engage in CSA. It also explores some of the external influences on firms, such as institutional norms, the geopolitical environment and the industrial sector. The first part of the book provides an overview of the thematic issues of CSA and performance. The second part presents a series of empirical studies that examine factors and determinants of CSA. The third part presents case studies to illustrate the processes and outcomes of CSA policy and strategy in environmentally hazardous industries.

Current Issues in Corporate Social Responsibility

Author : Samuel O. Idowu,Catalina Sitnikov,Dalia Simion,Claudiu George Bocean
Publisher : Springer
Page : 262 pages
File Size : 51,8 Mb
Release : 2018-01-22
Category : Business & Economics
ISBN : 9783319704494

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Current Issues in Corporate Social Responsibility by Samuel O. Idowu,Catalina Sitnikov,Dalia Simion,Claudiu George Bocean Pdf

This book takes a fresh look at current issues in corporate social responsibility (CSR) with a special focus on emerging economies. In particular, it includes dedicated chapters on the theory of CSR, related principles and values, and insights from cross-generational investigations. In turn, the second part of the book examines the relation between financial performance and social responsibility in different industries and types of organizations. The third part presents cases involving emerging economies, and addresses reporting, auditing and accounting, as well as sector-specific issues for e.g. retailing and banking. Lastly, the book tackles the aspects of financial performance and taxation in a number of case studies and practical examples. Overall the book provides cutting-edge insights into the theory and practice of CSR from European countries that can be considered emerging or developing.

Corporate Social Responsibility

Author : James Weber,David M. Wasieleski
Publisher : Emerald Group Publishing
Page : 457 pages
File Size : 51,9 Mb
Release : 2018-05-14
Category : Business & Economics
ISBN : 9781787542600

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Corporate Social Responsibility by James Weber,David M. Wasieleski Pdf

Volume Two of Business and Society 360 focuses on research drawn from work grounded in 'corporate social responsibility' and 'corporate citizenship.'

Corporate Social Responsibility and Business Performance

Author : Tobias Gössling
Publisher : Edward Elgar Publishing
Page : 169 pages
File Size : 53,8 Mb
Release : 2011
Category : Business & Economics
ISBN : 9780857932389

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Corporate Social Responsibility and Business Performance by Tobias Gössling Pdf

Does it pay for businesses to act morally? This book attempts to answer this question with regard to different aspects and levels. It takes a positive position to this question and demonstrates that, under certain conditions, organizations can act responsibly and profitably at the same time. It elaborates on these conditions and provides evidence for the assumed positive relation between responsibility and profitability. The author uses analysis of the acceptance of corporate social responsibility (CSR) policies across Europe, the consequences of CSR on motivation, commitment and absenteeism; and organizational responsibility and the bottom of the pyramid to provide evidence for the assumed positive relationship between responsibility and profitability. Uniquely taking an organizational perspective on CSR, scholars and students of business ethics will find this impressive book to be a invaluable resource. Business professional will also find plenty of important information in this admirable compendium.

Theory and Practice of Corporate Social Responsibility

Author : Samuel O Idowu,Celine Louche
Publisher : Springer Science & Business Media
Page : 300 pages
File Size : 42,9 Mb
Release : 2011-01-06
Category : Business & Economics
ISBN : 9783642164613

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Theory and Practice of Corporate Social Responsibility by Samuel O Idowu,Celine Louche Pdf

Modern businesses and organizations understand that corporate social responsibility (CSR) has become an important factor for sustainable success. At the same time CSR has established itself as a widely accepted element of courses in managerial training and education. This book, designed to support CSR teaching, collects 14 essays that clearly illustrate and explain the benefits and challenges of socially responsible corporate policies. Aligning theory and practice, the book focuses on four central themes: management, environment and sustainability, corporate social responsibility, and accounting and financial reporting. Business students and experienced managers alike will find this book a valuable resource that helps them to discover the strong forces that link successful management with corporate social responsibility.

Corporatesocialresponsibility,ethicsandsustainableprosperity

Author : Boubaker Sabri,Nguyen Duc Khuong
Publisher : World Scientific
Page : 500 pages
File Size : 54,6 Mb
Release : 2019-06-06
Category : Business & Economics
ISBN : 9789811206894

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Corporatesocialresponsibility,ethicsandsustainableprosperity by Boubaker Sabri,Nguyen Duc Khuong Pdf

Corporate activities are not only drivers of economic growth but also key actors of the changes towards more sustainable markets and environment as well as inclusive development. Significant efforts have recently been devoted to transform private and public firms alike from pure economic-oriented organizations to entities that deliberately and diligently create value without neglecting social and environmental implications of their activities. Firm performance, resilience, and survival are nowadays, more than ever before, dependent on how they consciously and purposefully engage in appropriate corporate social responsibility (CSR) strategies and actions.This book, Corporate Social Responsibility, Ethics and Sustainable Prosperity, will provide all readers, including investors, managers, lawmakers, and policymakers with an up-to-date, comprehensive, and thoughtful coverage of CSR and ethical issues at the crossroads of different finance and management disciplines. It contains a rich collection of insightful studies covering a wide range of topics in corporate ethics, CSR, and sustainable prosperity. Together, these studies help readers deepen their knowledge on different country environments and various organizational forms, policies, and activities. The book is composed of 16 chapters which are divided into two interconnected parts: Part I addresses ESG and ethical issues in corporate decision-making, while Part II provides insights towards sustainable prosperity.

The Economics of Trade Unions

Author : Hristos Doucouliagos,Richard B. Freeman,Patrice Laroche
Publisher : Routledge
Page : 210 pages
File Size : 41,6 Mb
Release : 2017-02-17
Category : Business & Economics
ISBN : 9781317498285

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The Economics of Trade Unions by Hristos Doucouliagos,Richard B. Freeman,Patrice Laroche Pdf

Richard B. Freeman and James L. Medoff’s now classic 1984 book What Do Unions Do? stimulated an enormous theoretical and empirical literature on the economic impact of trade unions. Trade unions continue to be a significant feature of many labor markets, particularly in developing countries, and issues of labor market regulations and labor institutions remain critically important to researchers and policy makers. The relations between unions and management can range between cooperation and conflict; unions have powerful offsetting wage and non-wage effects that economists and other social scientists have long debated. Do the benefits of unionism exceed the costs to the economy and society writ large, or do the costs exceed the benefits? The Economics of Trade Unions offers the first comprehensive review, analysis and evaluation of the empirical literature on the microeconomic effects of trade unions using the tools of meta-regression analysis to identify and quantify the economic impact of trade unions, as well as to correct research design faults, the effects of selection bias and model misspecification. This volume makes use of a unique dataset of hundreds of empirical studies and their reported estimates of the microeconomic impact of trade unions. Written by three authors who have been at the forefront of this research field (including the co-author of the original volume, What Do Unions Do?), this book offers an overview of a subject that is of huge importance to scholars of labor economics, industrial and employee relations, and human resource management, as well as those with an interest in meta-analysis.