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Impacts Corporate Social Responsibility Activities On Company Financial Performance
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Book Synopsis Impacts Corporate Social Responsibility Activities on Company Financial Performance by : Hossein Khanifar
Download or read book Impacts Corporate Social Responsibility Activities on Company Financial Performance written by Hossein Khanifar and published by . This book was released on 2013 with total page 10 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the modern commercial era, companies and their managers are subjected to well publicized pressure to play an increasingly active role in society - so called "Corporate social responsibility". It has been argued that an element in this development is simply enlightened self-interest in that social responsibility enhances corporate image and financial performance. To date the evidence to support this thesis derives from North America. Outside this continent evidence for any relationship is sparse. This study will initially attempt to define the concept of corporate social responsibility and to examine its guiding principles. Subsequently, the available empirical research into the link between corporate social responsibility and economic performance will be evaluated this study examines different impacts of positive and negative CSR activities on financial performance of hotel, restaurant and airline companies, theoretically based on positivist and negativity effects. Findings suggest mixed results across different industries and will contribute to companies' appropriate strategic decision-making for CSR activities by providing more precise information regarding the impacts of each directional CSR activity on financial performance.
Book Synopsis Corporate Social Responsibility (CSR) of Multinational Companies. The Impact of CSR on Corporate Financial Performance by : Catharina Kaiser
Download or read book Corporate Social Responsibility (CSR) of Multinational Companies. The Impact of CSR on Corporate Financial Performance written by Catharina Kaiser and published by GRIN Verlag. This book was released on 2017-09-29 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis Adapting to Environmental Challenges by : Simon Torp
Download or read book Adapting to Environmental Challenges written by Simon Torp and published by Emerald Group Publishing. This book was released on 2020-07-21 with total page 253 pages. Available in PDF, EPUB and Kindle. Book excerpt: Adapting To Environmental Challenges: New Research In Strategy And International Business provides new perspectives to understand strategic adaptation in international business contexts based on corporate responsible behavior and cultural sensitivity as the ingredients for agile operations and a resilient multinational organization.
Book Synopsis Corporate Responsibility and Financial Performance by : Moses Pava
Download or read book Corporate Responsibility and Financial Performance written by Moses Pava and published by Praeger. This book was released on 1995-08-30 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis The Investigation of the Relation Between Corporate Social Responsibility Activities and Company Financial Performance by : Farzad Eivani
Download or read book The Investigation of the Relation Between Corporate Social Responsibility Activities and Company Financial Performance written by Farzad Eivani and published by . This book was released on 2013 with total page 5 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the modern commercial era, companies and their managers are subjected to well publicized pressure to play an increasingly active role in society - so called "Corporate social responsibility". It has been argued that an element in this development is simply enlightened self-interest in that social responsibility enhances corporate image and financial performance. To date the evidence to support this thesis derives from North America. Outside this continent evidence for any relationship is sparse. This study will initially attempt to defined concept of corporate social responsibility and to examine its guiding principles. Subsequently, the available empirical research into the link between corporate social responsibility and economic performance will be evaluated this study examines different impacts of positive and negative CSR activities on financial performance of hotel, restaurant and airline companies, theoretically based on positivist and negativity effects. Findings suggest mixed results across different industries and will contribute to companies' appropriate strategic decision-making for CSR activities by providing more precise information regarding the impacts of each directional CSR activity on financial performance.
Book Synopsis Corporate Social Responsibility by : Andrew Crane
Download or read book Corporate Social Responsibility written by Andrew Crane and published by Routledge. This book was released on 2014 with total page 659 pages. Available in PDF, EPUB and Kindle. Book excerpt: As a relatively young subject matter, corporate social responsibility has unsurprisingly developed and evolved in numerous ways since the first edition of this textbook was published. Retaining the features which made the first edition a top selling text in the field, the new edition continues to be the only textbook available which provides a ready-made, enhanced course pack for CSR classes. Authoritative editor introductions provide accessible entry points to the subjects covered - an approach which is particularly suited to advanced undergraduate and postgraduate teaching that emphasises a research-led approach. New case studies are integrated throughout the text to enable students to think and analyze the subject from every angle. The entire textbook reflects the global nature of CSR as a discipline and further pedagogical features include chapter learning outcomes; study questions; ‘challenges for practice’ boxes and additional ‘further reading’ features at the end of each chapter. This highly rated textbook now also benefits from a regularly updated companion website which features a brand new 'CSR Case Club' presenting students and lecturers with further case suggestions with which to enhance learning; lecture slides; updates from the popular Crane and Matten blog, links to further reading and career sites, YouTube clips and suggested answers to study questions. An Ivey CaseMate has also been created for this book at https://www.iveycases.com/CaseMateBookDetail.aspx?id=335.
Book Synopsis Corporate Social Responsibility & Corporate Financial Performance Relationship: Evidence from UK ́s Food Industry by : Junaid Javaid
Download or read book Corporate Social Responsibility & Corporate Financial Performance Relationship: Evidence from UK ́s Food Industry written by Junaid Javaid and published by GRIN Verlag. This book was released on 2014-09-23 with total page 19 pages. Available in PDF, EPUB and Kindle. Book excerpt: Project Report from the year 2012 in the subject Business economics - Business Management, Corporate Governance, grade: B-, Manchester Metropolitan University Business School, course: MSc Finance, language: English, abstract: The main purpose of the proposed research paper will be to investigate the impact of Corporate Social Responsibility on the listed companies’ share price in order to evaluate and analyse its contribution to their increases. In the below portion, the research questions with its objectives are listed and briefly discussed below: - What Impact the Corporate Social Responsibility (CSR) Disclosure would made on the Corporate Financial Performance (CFP)? - Is it any relationship exists between the firm’s CSR and its performance based on its share prices. - Identify at least one dimension of Corporate Social Responsibility (CSR) which would be positively related to Corporate Financial Performance (CFP)? - Investigate and Presents the benefits of CSR’s implementation to the UK’s Food Industry financial and market performance? So it is cleared that the questions are properly designed in order to accomplish the core objective of the Proposed Research Paper.
Book Synopsis Corporate Social Responsibility by : James Weber
Download or read book Corporate Social Responsibility written by James Weber and published by Emerald Group Publishing. This book was released on 2018-05-14 with total page 457 pages. Available in PDF, EPUB and Kindle. Book excerpt: Volume Two of Business and Society 360 focuses on research drawn from work grounded in 'corporate social responsibility' and 'corporate citizenship.'
Book Synopsis The Oxford Handbook of Corporate Social Responsibility by : Andrew Crane
Download or read book The Oxford Handbook of Corporate Social Responsibility written by Andrew Crane and published by Oxford Handbooks Online. This book was released on 2008-02-14 with total page 609 pages. Available in PDF, EPUB and Kindle. Book excerpt: CSR encompasses broad questions about the changing relationship between business, society, and government. An authoritative review of the academic research that has both prompted, and responded to, these issues, the text provides clear thinking and perspectives on CSR and the debates around it.
Book Synopsis CSR & Company Financial Performance by : Michael Moore
Download or read book CSR & Company Financial Performance written by Michael Moore and published by . This book was released on 2019 with total page 25 pages. Available in PDF, EPUB and Kindle. Book excerpt: There has been long debate about the effects of corporate social responsibility and its impact on corporate financial performance. This study looks to analyse the effects of companies that change their level of corporate social responsibility level and the resulting change in financial performance. This study goes one step further by then dividing the corporate social responsibility measure into its six components and looks to analyse each of their individual impacts on financial performance. This study shows that changes in the level of CSR results in an increase in company return on equity and a decrease in total revenues. The results then show that the increase in return on equity is primarily driven by the diversity factor, implying that increases in diversity ratings result in increases in ROE. The negative correlation of CSR and revenue is primarily driven by employee relations and environmental scores. This implies that employee relations and environmental CSR scores have negative impacts on firm financial performance. The results of this study are important value additions to the ongoing debate and prove that corporate social responsibility can increase firm financial performance if it is invested in the right places.
Book Synopsis Conceptual and Theoretical Approaches to Corporate Social Responsibility, Entrepreneurial Orientation, and Financial Performance by : Paiva, Inna Sousa
Download or read book Conceptual and Theoretical Approaches to Corporate Social Responsibility, Entrepreneurial Orientation, and Financial Performance written by Paiva, Inna Sousa and published by IGI Global. This book was released on 2020-02-28 with total page 369 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis Social Responsibility and Sustainability by : Walter Leal Filho
Download or read book Social Responsibility and Sustainability written by Walter Leal Filho and published by Springer. This book was released on 2019-01-14 with total page 519 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis The Impact of Corporate Social Responsibility on Firms' Financial Performance in South Africa by : Sukanya Chetty
Download or read book The Impact of Corporate Social Responsibility on Firms' Financial Performance in South Africa written by Sukanya Chetty and published by . This book was released on 2015 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt: If Corporate Social Responsibility (CSR) activities are beyond a firm's legal obligations and potentially require a sacrifice in short-term profits, why do firms promote CSR? This question motivates this investigation of the impact of CSR on a firm's Corporate Financial Performance (CFP). This relationship is examined for the period from 2004 to 2013 in South Africa. We assess the short-term impact of CSR announcements on financial returns of firms included in or excluded from the Johannesburg Securities Exchange Socially Responsible Investment Index and determine whether there is a difference in the long-term CFP between these two groups for the entire period. The event study methodology shows that investors were rewarded in 2004 and 2012, when firms entered the index, and were penalized in 2013, when firms exited the index. When using regression analysis, the various industries provide mixed results between CSR and CFP for firms over the long term. Based on these results, we find that CSR activities lead to no significant differences in financial performance.
Book Synopsis Corporate Social Responsibility and Sustainability by : Katarzyna Bachnik
Download or read book Corporate Social Responsibility and Sustainability written by Katarzyna Bachnik and published by Routledge. This book was released on 2022-05-30 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt: The aim of this book is to present selected theoretical and practical aspects of corporate social responsibility and sustainability, with particular emphasis on the journey (transition) from values to impact. Values play an important role in business world and they shape the responsible approach of organizations. However, pressing and still unresolved challenges of the present day show evidently that there exist significant discrepancies between organizations declarations on values and their real impact. COVID-19 pandemic, Globalization 4.0, climate catastrophe and challenges emphasized by SDGs, constitute the new environment that contemporary organizations face. In effect business is part of the problem and a solution as well. It is necessary to quickly and effectively push for action taking into account the power of responsible business to co-create human live and environment. Both the theoretical considerations and the practice-based studies presented in this monograph make a significant contribution to the theory and practice of management. The book is an extension and enrichment of the existing knowledge in the field of socially responsible management in organizations. Corporate Social Responsibility and Sustainability will be of value to academics, researchers and advanced students in the fields of business and management, especially those interest in the intersection of management and CSR and sustainability, and those focusing the impact that business activities have on the environment.
Book Synopsis Corporate Social Responsibility and Financial Performance Linkage by : Sarwar Uddin Ahmed
Download or read book Corporate Social Responsibility and Financial Performance Linkage written by Sarwar Uddin Ahmed and published by . This book was released on 2014 with total page 10 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the last three decades, the pressure on firms to engage in Corporate Social Responsibility (CSR) activities and establish themselves as highly socially responsible companies has increased. However, on the issue of incentive, some corporations view CSR activities as simply a costly hindrance and some companies use CSR methodologies as a strategic tactic to obtain public support for their presence in global markets which could help companies to sustain a competitive advantage by using their social contributions. Researchers around the world have reported a positive, negative, mixed and neutral impacts of corporate social responsibility on corporate financial performance (CFP). On this background, this study aimed at summarizing the findings of major empirical studies and drawing the conceptual framework to investigate the relationship between CSR and CFP.
Book Synopsis SAGE Brief Guide to Corporate Social Responsibility by : Sage Publications
Download or read book SAGE Brief Guide to Corporate Social Responsibility written by Sage Publications and published by SAGE. This book was released on 2012 with total page 289 pages. Available in PDF, EPUB and Kindle. Book excerpt: Designed to serve as a supplemental text for courses in business ethics, corporate social responsibility, corporate strategy, and organizational behaviour, this text is also an indispensible companion text for business students to use throughout their full programme of study. It provides objective coverage of key issues in corporate social responsibility, the obligation of companies to various stakeholder groups, the contribution of business to society and culture, and the relationship between organizations and the quality of the environment. Key features of the text include the following: A Reader's Guide that explains how to use the volume Keyword entries featuring comprehensive essays on such crucial topics as strategic corporate social responsibility, strategic philanthropy, corporate social performance, and social audits. A listing of references and suggested readings for each entry, so that readers can find more information on topics of particular interest.
Book Synopsis The Effect of Corporate Social Responsibility on Sustainable Business by : Lilian Rebeccah Akullo
Download or read book The Effect of Corporate Social Responsibility on Sustainable Business written by Lilian Rebeccah Akullo and published by GRIN Verlag. This book was released on 2020-04-23 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt: Master's Thesis from the year 2012 in the subject Business economics - Business Management, Corporate Governance, grade: B, , course: Executive MBA, language: English, abstract: The thesis investigated the effect of Corporate Social Responsibility on sustainable business in Uganda taking a case of the Uganda Revenue Authority (URA). It is derived from the fact that many organizations are seeking better ways of increasing their efficiency and effectiveness in order to remain competitive. Various ways have been advanced and one that is steadily gaining popularity today is Corporate Social Responsibility (CSR). The objectives of the work included to examine the contribution of CSR initiatives on overall business sustainability, to establish whether staff of URA have knowledge about CSR and whether URA derives benefits from CSR. Data was collected from a sample of 62 randomly selected respondents using a structured questionnaire and by in-depth key informant interviews; all in Kampala, Uganda. Their views were also used as a basis for soliciting recommendations on the best ways of improving CSR not only in URA but also other corporations. A socially responsible company should supersede its main objective of maximizing its shareholders’ wealth. It extends its mandate by undertaking social and environmental activities in society within which it carries out its operations through initiatives such as environment conservation, improving the quality of life of its employees and society in general and also being transparent in its business operations. More stakeholders are being drawn towards socially responsible companies because of these initiatives. As organizations struggle to remain competitive within their respective industries while at the same time addressing their long term corporate objectives, they need to be able to incorporate certain values and initiatives of corporate social responsibility into their strategic objectives if they are to further gain competitive advantage. A lot of debate has gone on about whether a company’s social image contributes to its attainment of corporate objectives. The work therefore sought to establish whether CSR has an effect on business operations and performance.
