Business Education and Idealism as Determinants of Stakeholder Orientation

Godos‐Díez, José‐Luis; Gago, Roberto Fernández; García, Laura Cabeza

doi:10.1007/s10551-014-2289-2

Cited by 22 publications

(19 citation statements)

References 75 publications

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“…This factor has been used because the differences arising from the characteristics of different sectors have to be controlled for (Godos-Díaz et al, 2012;López et al, 2007;McWilliams & Siegel, 1997Nieto et al, 2012;Reverte, 2009;Waddock & Graves, 1997). The sectors concerned were grouped into five blocks according to the classification under which they are listed on the Spanish stock exchange.…”

Section: Business Sectormentioning

confidence: 99%

“…Godos-Díaz, Fernández-Gago, & Cabeza-García, 2012;Griffin & Mahon, 1997;López et al, 2007;Martínez-Campillo et al, 2012;Reverte, 2009Reverte, , 2011Waddock & Graves, 1997) and the market value of shares (Black, Carnes, & Richardson, 2000;Callado & Utrero, 2008;Fernández et al, 2009;McGuire et al, 1988;Nieto, Fernández, & Cabeza, 2012;Prado et al, 2008;Roberts & Dowling, 2002).…”

Section: The Second Of Preston and O'bannon's (1997) Hypothesesmentioning

confidence: 99%

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Corporate Social Responsibility and Financial Performance: The Spanish Case

Madorran

Garcia

2016

Rev. adm. empres.

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The enormous interest aroused by corporate social responsibility both in the academic and the business worlds forms the background for this study. Its objective is to analyze the relationship between corporate social responsibility and financial performance in view of the debate in the literature on the subject. The study focuses on a sample of Spanish companies taken from the IBEX 35 stock market index, using panel data methodology, which offers advantages in comparison to methodologies used in other studies. We analyzed the period from 2003 to 2010. Our findings suggest that there is no obvious relationship between corporate social responsibility and financial results, at least in the case of Spain.KEYWORDS | Corporate social responsibility, panel data, performance, Spanish firms, IBEX 35. [2003][2004][2005][2006][2007][2008][2009][2010]. Los resultados sugieren que la relación entre responsabilidad social y resultados no es tan obvia, al menos para el caso español. RESUMO O enorme interesse gerado pela responsabilidade social corporativa tanto no mundo acadêmico quanto no empresarial forma o pano de fundo para este estudo. Seu objetivo é analisar a relação entre a responsabilidade social corporativa e o desempenho financeiro em vista do debate existente na literatura sobre o tema. O estudo concentra-se em uma amostra de empresas espanholas tomadas do índice IBEX 35, da bolsa de valores de Madri, utilizando a metodologia de dados em painel, que oferece vantagens em comparação com metodologias utilizadas em outros estudos. Analisamos o período que abrange os anos de 2003 a 2010. Nossas conclusões sugerem que não há relação óbvia entre a responsabilidade social corporativa e os resultados financeiros, ao menos no caso da Espanha. PALAVRAS-CHAVE | Responsabilidade social corporativa, dados em painel, desempenho, empresas espanholas, IBEX 35. RESUMEN El enorme interés que despierta la responsabilidad social corporativa tanto en el ámbito empresarial como académico da sentido a este trabajo. El objetivo del trabajo es analizar la relación entre la responsabilidad social corporativa y sus resultados financieros, ya que existe debate en la literatura académica sobre esta cuestión. La cuestión de análisis se aplica a una muestra de empresas españo-las que cotizan en el IBEX 35, utilizando una metodología de datos de panel que aporta novedades a otros análisis realizados. El período de análisis abarca desde PALABRAS CLAVE | Responsabilidad social corporativa, datos de panel, resultados, empresas españo-las, IBEX 35. RAE-Revista de Administração de Empresas | FGV/EAESPDOI INTRODUCTIONIt is a well-known fact that businesses are currently incorporating corporate social responsibility (henceforth, CSR) criteria into their activities. The demands of a changing environment have led firms to pay ever greater attention to their influence over it, both in economic and social terms and those of the environment.In this context, firms have also been seeking competitive advantages sustainable on a long-term basis in a turb...

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Section: Business Sectormentioning

confidence: 99%

Section: The Second Of Preston and O'bannon's (1997) Hypothesesmentioning

confidence: 99%

Corporate Social Responsibility and Financial Performance: The Spanish Case

Madorran

Garcia

2016

Rev. adm. empres.

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“…Prior empirical studies have shown that women tend to be more aware of their obligations towards the various stakeholders [93] and to be more sensitive to others than men [94]. Secondly, it was also found that training in economics and business management has a negative effect on the normative stakeholder approach [89]. To the extent that the normative approach is ethics-based, this result is in line with some of the criticisms made of training in business management (e.g., [95,96]) claiming that it is based on amoral theories that give maximum priority to profit, omitting to provide moral development to managers and leading to questionable ethics in their companies.…”

Section: Discussionmentioning

confidence: 93%

“…This variable has been included as it can affect a person's ethical judgement [86,87], being expected in this case that the more experienced students were more ethically oriented [88]. A possible explanation for this could be that, due to their own work experience, they see themselves more as a stakeholder in the business context and may therefore value the consideration of stakeholders' claims beyond instrumental motives [89]. Tables 1 and 2 give the main descriptive statistics and the correlation coefficients for the variables used in the study.…”

Section: Measurement Of Variablesmentioning

confidence: 99%

How Does Reciprocity Affect Undergraduate Student Orientation towards Stakeholders?

2019

Self Cite

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Nowadays, students are more aware of the impact of companies on their stakeholders and the need for properly handling their expectations to operationalize corporate social responsibility. Nevertheless, little is known about how certain individual traits may relate to their stance on the issue. This exploratory research contributes to stakeholder theory by analysing the effect of the individual’s decision-making process, including the consideration of their social preferences, on their orientation toward stakeholder management. Here, we draw upon a theoretical model for resource-allocation decision-making consisting of reciprocal and non-reciprocal components. Our data, from undergraduate students enrolled in different degrees, were collected through a questionnaire and two social within-subject experiments (ultimatum and dictator games). Thus, our results show that the presence of a reciprocal component when decisions are made is positively linked to an instrumental orientation toward stakeholders. In addition, a greater non-reciprocal component in the decision-making process corresponds to a more normative orientation.

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“…Para la elaboración de este estudio en el que se incluye tanto el examen de las relaciones entre los constructos como el análisis de las hipótesis mencionadas en la Gráfico 1, se diseñó un cuestionario especifico, utilizando la escala Likert 1-5 (1 «totalmente en desacuerdo» y 5 «totalmente de acuerdo»), debido a que un gran número de preguntas hacen referencia a cuestiones que no pueden ser cuantificadas con un valor concreto (ejemplo: Implantar medidas de RSC para aumentar la motivación del empleado). En general, el cuestionario incluía preguntas relacionadas con las motivaciones de implementación de la RSC, la integración con otros sistemas de gestión, su facilidad de integración, la adopción de una estrategia de RSC y los grupos de interés para la organización, en línea con otros estudios (GallardoVázquez & Sánchez-Hernández, 2013;Prajogo et al, 2012;de Godos Díez, Fernández Gago, & Cabeza García, 2012;Law & Gunasekaran, 2012;Díez & Gago, 2011). Para la recogida de datos, se enviaron invitaciones mediante email para el acceso al link del cuestionario.…”

Section: Metodologíaunclassified

RSC y empresas tecnológicas: Un estudio sobre las motivaciones de implantación e integración en empresas españolas

Conesa

Peñalver

Nieto

2016

TMS

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RSC y empresas tecnológicas: Un estudio sobre las motivaciones de implantación e integración en empresas españolas CSR and technology companies: A study on the motivations of implementation and integration in Spanish companiesJuan Andrés Bernal Conesa Carmen de Nieves NietoDpto. de Ciencias Económicas y Jurídicas del Centro Universitario de la Defensa de San Javier (CUD). C/Coronel López Peña s/n. CP 30720, Santiago de la Ribera (Murcia). carmen.denieves@upct.es ResumenEn este artículo se propone un modelo de ecuaciones estructurales para explicar las motivaciones de implantar medidas de Responsabilidad Social Corporativa (RSC) en empresas tecnológicas españolas y cómo influyen en la integración de la RSC la presencia de sistemas de gestión normalizados previos a la implantación de dichas medidas. El análisis de la RSC en empresas tecnológicas se encuentra en un estado inicial como demuestra la literatura analizada. Se llevó a cabo un estudio en empresas ubicadas en parques científicos y tecnológicos españoles. Los resultados del modelo revelan que existe una relación positiva, directa y estadísticamente significativas entre las motivaciones, los sistemas de gestión previos, la implantación de medidas de RSC y la integración real de la RSC en la organización, y por tanto con implicaciones teóricas y prácticas para la gestión de la RSC en empresas tecnológicas cubriendo el hueco encontrado en la literatura.

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Business Education and Idealism as Determinants of Stakeholder Orientation

Cited by 22 publications

References 75 publications

Corporate Social Responsibility and Financial Performance: The Spanish Case

Corporate Social Responsibility and Financial Performance: The Spanish Case

How Does Reciprocity Affect Undergraduate Student Orientation towards Stakeholders?

RSC y empresas tecnológicas: Un estudio sobre las motivaciones de implantación e integración en empresas españolas

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