Little is known about when corporate social responsibility (CSR) leads to a sustainability case (i.e., to improvements in environmental and social performance). Building on various forms of ...decoupling, we develop a theoretical framework for examining pathways from institutional pressures through CSR management to sustainability performance. To empirically identify such pathways, we apply fuzzy-set qualitative comparative analysis (fsQCA) to an extensive dataset from 19 large companies. We discover that different pathways are associated with environmental and social performance (non)improvements, and that pathways to success and failure are for the most part not symmetrical. We identify two pathways to improved environmental performance: an exogenous and an endogenous one. We find two pathways to improved social performance that both involve integrating social responsibility into the core business. Pathways to nonimprovements are multiple, suggesting that failure can occur in a number of ways, while there are only a few pathways to sustainability performance improvements.
In alignment with the call in Engle et al. (2020) to improve the measurement of firm-level climate risk exposure, we explore usefulness of a firm-specific measure based on 10-K disclosures of climate ...risk. We find that our measure has incremental explanatory power for firm valuation over climate risk-related measures currently used in the literature. Further, our measure is broadly available, which extends the span of questions related to firm-specific climate risk that can be investigated. Corroborating its usefulness, we find that relative to hedge portfolios based upon the other measures, the return on a hedge portfolio that is long (short) on firms with high (low) values of our climate risk measure has the strongest negative association with a US-news based measure of climate change concerns. By exploiting the broad climate-related disclosures in 10-Ks, our measure provides a tool to better understand valuation implications of climate risk for firms.
With the prevalence of social media usage among consumers, brands have increasingly utilized paid social media influencer (SMI) endorsements in their corporate social responsibility (CSR) ...communication. However, how such practice generates positive consumer responses is not well understood. Drawing from signaling theory, social learning theory, and social identity theory, a structural equation model analysis was conducted to test our hypotheses and proposed model based on the survey data from 592 U.S. consumers. The research results suggest that a brand’s CSR initiatives, when endorsed by SMIs who are perceived as social media leaders in opinion and taste, directly enhance consumers’ CSR communication engagement about the initiatives and do so indirectly via the consumers’ reduced CSR skepticism. Reduced CSR skepticism and enhanced CSR communication engagement ultimately lead to the consumers’ brand loyalty, brand preference, and price premium. The study has implications for CSR advertising/social-mediated communication, SMI leadership, and SMI endorsement effects.
Corporate social responsibility (CSR) is a form of management defined by an ethical and transparent relationship between the company and all stakeholders (relevant parties) in the form of community ...development, environmental and cultural preservation for future generations, diversity and the promotion of reducing social problems. As a matter of fact, the community feel cared for through PT Anugerah Langkat Makmur's (PT ALAM) CSR activities, whereas the company only produces semi-finished products or has no direct relationship with end consumers. Qualitative designed research using case study methods aims to determine the types and implementation of CSR programs at PT ALAM. Primary data collection was collected with in-depth observation and interview techniques, while secondary data was collected through desk study from Public Relation of PT ALAM. The collected data was analyzed descriptionally. The results show that PT ALAM has implemented corporate social marketing, corporate philanthropy, and socially responsible business practice program. CSR is implemented every year and has been internalized in its business structure. PT ALAM has implemented CSR programs in the form of education, construction of facilities and infrastructure, as well as socio-cultural and religious.
This paper investigates the relationship between corporate identity (CI) and CSR and describes how CI can underpin the development and implementation of CSR initiatives; thus helping to clarify how ...best to implement CSR in business practice. Empirical findings derived from interviews with senior executives in leading UK-based companies reveal the steps that firms take to develop and implement CSR initiatives. The study provides a framework which directs management attention to key CI elements and practices, both strategic and operational, required to sustain different stages of CSR implementation. Using CI as a unifying platform, the framework clarifies how CSR originates strategically from CI values and founder's vision as explicated in mission statements, which legitimize CSR and develop a shared culture. CI plays a role in implementing CSR via communication and senior management behavior which impact employee identification with organizational values and goals and behavior, which relate to voluntary participation in CSR.
Environmental and social responsibility are crucial for sustainable development. Considering green investment and corporate social responsibility (CSR) simultaneously, we investigate the selling ...format choice within the context of an e-commerce supply chain comprising a single manufacturer and one e-tailer. We explore three scenarios: one without CSR (N-CSR), one where the e-tailer shows CSR (E-CSR), and another where the manufacturer demonstrates CSR (M-CSR). We discover that the manufacturer prefers the agency format when the commission rate is low and the wholesale format when it is high. The specific threshold for this decision balances the commission fee in the agency format with the double marginalization effect in the wholesale format. Under E-CSR, a stronger CSR focus makes the wholesale format more attractive to the manufacturer, while under M-CSR, it makes the agency format more appealing. Moreover, we find that CSR can encourage the manufacturer to invest more in environmental responsibility. From an economic standpoint, CSR can improve the overall profitability of the supply chain, but it may affect the e-tailer’s and manufacturer’s profits differently. Our study provides insights into how environmental and social responsibility influence decisions and economic outcomes in e-commerce supply chains.
•Investigate the implications of CSR on a green manufacturer’s selling format choices•Manufacturer adopts an agency format when the commission rate is below a threshold•As CSR rises, the threshold under E-CSR decreases while that under M-CSR increases•Underscore the favorable synergy between social and environmental responsibility
This study differentiates between internal corporate social responsibility (CSR) and external CSR to investigate the impact of family involvement on different dimensions of CSR. Using a sample of ...2,114 Chinese listed firms, we show that family involvement is positively related to the level of firms' participation in external CSR but negatively related to the level of firms' participation in internal CSR. We further explore the roles of internal ownership structure and external institutional environment in influencing the incentives of family firms to invest in internal and external CSR. Results show that high levels of ownership balance and regional institutional development attenuate the negative effect of family involvement on internal CSR while a high level of regional institutional development strengthens the positive effect of family involvement on external CSR. These findings contribute to our understanding on the internal and external CSR strategies in family firms in emerging markets.
Given the steady interest in corporate social responsibility (CSR), this study explores the process of professionalization of CSR. Drawing upon the literature on ‘organizational’ professionals, ...explicit and implicit CSR, as well as varieties of capitalism, professionalization of CSR is explored in order to trace processes of explicitization and potential cross-national differences between the United States and Germany. In a comparative longitudinal study, we analyse job announcements in the field of CSR and find that although the hybridity of explicit and implicit CSR between the US and Germany is starting to unfold, job characteristics and job requirements in CSR in Germany and the US are still not the same. Our results suggest there is a more distinct trend in professionalization in the US than in Germany in terms of the manifestation of explicit CSR and that the institutional context is linked to how employers drive professionalization processes in non-traditional professions.
PDF
