Can Business Afford to Ignore Social Responsibilities?

Davis, Keith

doi:10.2307/41166246

Cited by 982 publications

(573 citation statements)

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“…Bowen (1953 defines CSR as organizational policies, decision and actions that align with societal goals and values. Davis (1960) and McGuire (1963) defined CSR as actions taken for reasons other than for economic or technical benefits. Jones (1980) refined the concept to include an obligation to groups other than stockholders and insisted CSR's obligations must be broad, voluntary and process-driven.…”

Section: The Concept Of Csr and Employee Volunteeringmentioning

confidence: 99%

Exploring the Relationship Between Corporate Volunteering and Internal Communications in Multinational Organizations

Malouf¹,

Selaković²,

Ljepava³

2016

CMR

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The purpose of this paper is to explore the relationship between internal communications and corporate volunteering in order to better understand how companies promote volunteerism among employees. According to Aguilera et al. (2007), volunteerism can be promoted by directly communicating about such programmes, as well as indirectly communicating to employees on organizational purpose, strategy and values. A survey has been conducted with employees of three multinational companies, and data were analysed to comprehend the relationship between employee understanding of their company's organizational purpose, CSR strategy and employee participation in both structured volunteering programmes and out-of-work volunteering. The authors concluded that management of internal communications has an impact on aligning employees' perception of the company's organizational purpose with its CSR strategy and in prompting them to actively take part in employee volunteering programmes. The research conducted proves the interdependence between internal communications and corporate volunteering: when the internal communications were effective, there were higher volunteering engagement rates and a more positive organizational image. In addition, the research provides an understanding of the state of corporate volunteering and its relationship with internal communications in a country which could be described as an emerging market both from the point-of-view of local approaches to CSR as well as its economic status. Findings have been used to identify how companies can better align their organizational purpose and CSR strategy via internal communications in order to better promote volunteering programmes amongst staff.

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Section: The Concept Of Csr and Employee Volunteeringmentioning

confidence: 99%

Exploring the Relationship Between Corporate Volunteering and Internal Communications in Multinational Organizations

Malouf¹,

Selaković²,

Ljepava³

2016

CMR

View full text Add to dashboard Cite

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“…Bowen 1953;Davis 1960;Carroll 1999). Dominant themes in the literature include moral arguments about the responsibility that accompanies power and influence and the alignment between business and the dominant values of the society in which it operates.…”

Section: The Promise Of Corporate Social Responsibility and The Persimentioning

confidence: 99%

The Structural Contradictions and Constraints on Corporate Social Responsibility: Challenges for Corporate Social Irresponsibility

Nunn¹

2012

Critical Studies on Corporate Responsibility, Governance and Sustainability

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“…This means firms should undertake greater responsibility than the obligations that are equal to their rights to operational income [15]. Carroll (1979) [16] differentiates CSR into four dimensions, namely economic, legal, ethical, and philanthropic.…”

Section: Corporate Social Responsibility and Firm Performancementioning

confidence: 99%

Corporate Social Responsibility and the Long-Term Performance of Mergers and Acquisitions: Do Regions and Related-Party Transactions Matter?

Qiao

2018

Sustainability

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This study investigates the effects of geographical regions and related-party transactions on corporate social responsibility (CSR) and long-term mergers and acquisitions (M&A) performance linkage. We conduct a Heckman two-stage model analysis, using data from listed firms in the Shanghai and Shenzhen stock exchange markets in China. The results indicate that: (1) buyers' CSR performance has a significant and positive effect on long-term M&A performance. (2) Significant differences exist across geographical regions in the links between CSR and long-term M&A performance. In our study, the effects of CSR on long-term M&A performance were positive and significant in a sub-sample of firms located in the eastern region, but the effects were negative and insignificant in a sub-sample of firms located in regions other than in the east. (3) Related-party M&A transactions experience more positive and significant CSR long-term M&A performance linkage, compared to non-related party M&A transactions. Our findings might provide more robust evidence to CSR performance linkage, as we have examined the linkage in a special context of M&A activities, using a Heckman two-stage model to alleviate endogeneity bias. We also bring further insights into the effects of two contingent factors (geographical regions and related-party transactions) on the CSR-performance linkage. The findings of this article suggest that it is reasonable for firms to act socially responsibly when generating economic benefits. Policy makers should consider how to encourage firms to better fulfill CSR through improving the market environment and by enhancing their levels of supervision.

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Can Business Afford to Ignore Social Responsibilities?

Cited by 982 publications

References 1 publication

Exploring the Relationship Between Corporate Volunteering and Internal Communications in Multinational Organizations

Exploring the Relationship Between Corporate Volunteering and Internal Communications in Multinational Organizations

The Structural Contradictions and Constraints on Corporate Social Responsibility: Challenges for Corporate Social Irresponsibility

Corporate Social Responsibility and the Long-Term Performance of Mergers and Acquisitions: Do Regions and Related-Party Transactions Matter?

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