Background: Corporate social responsibility (CSR) has a great influence on the sustainability of company development, so it can be considered a business model for business effectiveness. Objective: ...The objective of the research is to determine the mutual influence of real-estate companies’ activities and CSR effectiveness in different countries. This study examines indicators for assessing companies’ financial stability, CSR, and working capital management's influence on the activity effectiveness of real-estate companies. Methods/Analysis: Questionnaires, the principal component method, the Sobel test, and linear regression analysis are used to evaluate the relationship between CSR and the business performance of autocratic management-style companies. The authors’ algorithm for assessing a company’s financial stability, CSR, and capital management, which affect the efficiency of companies, is proposed. Findings: Empirical analysis has shown that management has no mediating effect on CSR and enterprise performance relationships for companies with high financial stability and working capital, though it has a stimulating effect for low financial stability companies. CSR and business performance have positive relationships in companies, but despite financial stability growing, the autocratic leadership style reduces interest in CSR development. This paper conceptualizes the impacts of CSR on the effectiveness of companies. Novelty: The novelty of this study is to create theoretical and practical provisions aimed at laws and regulations. Doi: 10.28991/ESJ-2023-07-03-08 Full Text: PDF
Whether the additional costs and risks derived from investing in ESG and corporate social responsibility will have a positive or negative impact on corporate operations is an issue worthy of further ...study. Past works have discussed the impact of ESG and corporate social responsibility (CSR) on corporate operations, but mostly from the perspective of operating performance. The empirical results are also inconsistent, and even in the same study, there are ambiguities. Different from previous literature, this study attempts to explore this topic from the perspectives of cost and risk. Therefore, this paper constructs empirical data of Taiwan's financial industry from 2007 to 2022 to explore the impact of ESG and CSR on capital costs and business risks. In this paper, the panel data model is used to carry out an empirical estimation of the full sample and sub-sample and further verify the differences between the influencing factors. The results show that in terms of business risk, when ESG performance is good, it can alleviate the financial distress of banks and enhance the stability of business operations. It further verifies the practical application of ESG disclosure, which can effectively reduce the debt and capital cost of the banking industry.
The family business features a replica of the family model, carrying the DNA of its structural foundational principles that sow the seeds of the vision of its creator (the family head). They are ...nonetheless bound by several external factors that determine their growth path. As the market is a highly unstable environment, resilience in strategy is demanded to maintain enterprise survival and improve its performance. In the present research, we attempt, firstly, to display the findings of an analysis of small and medium-size Chinese organisations that sketches their characteristics, including the following elements: the style of the leader, decision-making style, leadership style, organisation structure, supervision, variables related to the manager and organisation ownership. Secondly, we delineate the impact of the implementation of a set of strategy configurations on Chinese business effectiveness. The research findings reveal a considerable impact of the aforementioned variables on Chinese SME effectiveness; they reflect a strong presence of the produce or perish leadership style, a predictable characteristic of enterprises led by males (with an effect estimated with 0.48) combined with the entrepreneurial type of leader that entails a strict mode of management (centralization) and subsequently influences business effectiveness. All these characteristics confirm the replication of the family management style within SMEs.
The issue of an effective use of social media as a tool of responsible and sustainable corporate communication policy has been the subject of intensive research for more than a decade. The presented ...study examines the issue of customer acceptance of communication activities of organizations in the social media environment. The aim of the study is to identify, through an empirical analysis performed on a sample of 1584 Central Europeans, whether the form of economic activity of the customer has an impact on the degree of acceptance of corporate marketing communication on social media. Based on a thorough statistical analysis, it can be stated that the perception of the use of e-marketing on social media is statistically significantly related to the economic activity of the customer. Social media marketing is perceived as rather positive by customers belonging to the category of students and entrepreneurs, while this form of promotion is evaluated neutrally by customers from the category of the unemployed and retirees. Negative acceptance is recorded only insignificantly across all involved groups. Based on the similarity of the behavior of customer groups, it is possible to more precisely target the online activity of organizations, thereby increasing the efficiency of spending business resources and eliminating market risks in terms of reputational issues.
Introduction. The development of a modern economic model requires from modern business entities systematic search of directions for increasing the efficiency of their activities on the basis of ...achievements of scientific and technological progress, effective forms of management and effective mechanisms for making managerial decisions. Purpose. The purpose of the article is to study the approaches to the definition and evaluation of the efficiency of business entities and develop an approach to the formation of a system of indicators for analyzing the efficiency of their activities. Results. The article systematizes scientific approaches to assessing the efficiency of business entities, the evolution of the criteria for assessing the efficiency of activities from the standpoint of the features of different types of management decision-making is researched. Various approaches to assessing the efficiency of business entities were analyzed and the degree of their compliance with the requirements of the world market was determined. The theoretical significance of the work lies in the generalization of existing approaches to assessing the efficiency of business entities, the substantiation of the mechanism of allocation of key performance indicators of the organization and their aggregation in the integrated performance indicator – the cost of the company. The article presents the analysis of different systems of evaluating the performance of firms; determines their advantages and disadvantages, which appear in their implementation at the enterprises in modern conditions of managing. Conclusion. The system of assessment of the efficiency of business entities’ activities based on the integration of the system of the balanced indicators and a cost factor is offered.
Destination management and business effectiveness (DMBE) is a critical concern in today's volatile and unstable economic environment. The expansion of globalization and integration of markets, the ...current economic crisis, and the enforcement of regional and/or local administration in the European Union brings to the forefront the need for DMBE. The core business mission of small and middle-size (SMEs) corporations is being competitive and sustainable in an active market. However, in the past, only some dimensions of entrepreneurship and management and business effectiveness in tourism rural areas have been used to measure the DMBE. This study proposes a DMBE model that is based on the theoretical dimensions identified from previous studies and builds on the work of
Wilson, Fesenmaier, Fesenmaier, and Van Es (2001
) on successful factors for rural development. Utilizing data collected from 174 Greek rural tourism enterprises, the proposed DMBE model is tested. Findings identify two subdimensions, namely "local leadership and government synergetic support" and "capable and skilful staff." Managerial implications of these two dimensions for rural tourism SMEs are discussed.
▶ We examine manager observations of small business effectiveness in the US and Mexico. Manager task communication shows a greater connection to venture performance in the US than in Mexico where ...there is a more indirect effect. In the US, male mangers that have written business plans report greater performance, which does not apply to either gender in Mexico. In looking at culture and written business plans, in Mexico managers report higher performance than in the US possibly because in the US the greater percentage of managers is male and they are significantly older than their Mexican counterparts. Explanation is given for the findings.
To contribute to our cross-cultural understanding of small business ventures, we investigate manager reports of small business effectiveness in the United States and Mexico. We examine the influence of organizational policies, managerial characteristics, and managerial process observations on reports of business effectiveness. Data were gathered from ventures in both countries, and results showed differences in interpersonal processes, business structure, and gender. Implications for future research are given.
ERP systems are expected to provide many benefits, including improved business efficiency. However, they are also blamed for several business problems and failures. Past studies have analyzed ...investments in ERP systems based on net income, return on investment, new present value or change in market value of a firm. We argue that an analysis of more direct measures — intangible or tangible — would enhance confidence in the efficacy of ERP systems. We investigate the impact of ERP systems implementation on operational efficiency of medium sized firms in the pharmaceutical and chemicals industry. Our analysis of the data indicates that for a majority of the firms improvement of operational performance expected due to ERP systems did not materialize.
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