Constructing performance measurement indicators to suggested corporate environmental responsibility framework

Chen, Chun-Shuo; Yu, Chih-Ching; Hu, Jersan

doi:10.1016/j.techfore.2017.05.033

Cited by 41 publications

(24 citation statements)

References 37 publications

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“…According to Charlo et al (2015), Chen et al (2018), and Lameira et al (2013), for the same level of risk, different benefits arise from the implementation of sustainable practices by companies; for example, there is a slightly higher correlation for earnings among companies that belong to the DJSI Chile than among companies that belong to the IGPA. Charlo et al (2015) together with Hoi et al (2018) indicate that leverage rates and changes in the market are also affected through share value.…”

Section: Discussionmentioning

confidence: 99%

“…Considering the variables affected by the implementation of sustainable practices, Charlo et al (2015) conclude that greater benefits are obtained for the same level of risk and they observed greater sensitivity to changes in the market, leverage levels and company size, and participation in institutional CSR activities-those aimed at a firm's secondary stakeholders or society at large providing an "insurance-like" benefit (Godfrey et al 2009). A business that is proactive with respect to issues related to the environment can enjoy potential benefits such as improvements in corporate image and popularity, increased quality levels, recycling and pollution control, reduction in costs through energy conservation, improvement in relations with neighbors, and the creation of high-value green products (Chen et al 2018). According to Lins et al (2017), the trust between a firm and both its stakeholders and investors, built through investments in social capital, pays off when the overall level of trust in corporations and markets suffers a negative shock.…”

Section: Literature Reviewmentioning

confidence: 99%

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Correlation between the DJSI Chile and the Financial Indices of Chilean Companies

Chahuán-Jiménez

2020

IJFS

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The Dow Jones Sustainability Index Chile (DJSI Chile) is made up of leading sustainability companies that are investing great effort into sustainable management. This study correlates the DJSI Chile with the financial indices (return on equity (ROE), return on assets (ROA), market value, earnings, and leverage) of companies that belong to the General Stock Price Index (IGPA) in Chile. The methodology used was quantitative, considering Chilean companies in the IGPA, including companies belonging to the DJSI Chile, applying a normality and correlation test based on the results. In conclusion, the study shows that in the results for the ROE, ROA, and leverage variables, there is no positive correlation with the DJSI Chile. However, the DJSI Chile is correlated with market value (for approximately 80% of the companies), and with earnings, there is a slightly higher correlation for the companies that belong to the DJSI Chile than for the remaining companies in the IGPA, thus if there exists a correlation between the DJSI Chile index and the variables market value and earnings, the index enables the prediction of those financial variables or predicts the finance indices (value market and earnings) of the companies that make up the DJSI Chile basing in the DJSI Chile index.

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Section: Discussionmentioning

confidence: 99%

Section: Literature Reviewmentioning

confidence: 99%

Correlation between the DJSI Chile and the Financial Indices of Chilean Companies

Chahuán-Jiménez

2020

IJFS

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“…Documentos que tratan de evaluar la efectividad de la inversión en RSE y sus implicaciones para la rentabilidad empresarial existen, pero no muestran el uso de indicadores sociales (Mukherjee et al, 2018), otras investigaciones como la de Fuente: Elaboración propia de desarrollo del proyecto, mas no de índole de RSE. Otras investigaciones que usaron la generación de indicadores a través de expertos, manifiestan que las herramientas generadas son útiles y significativas, además de sencillas de usar y ayudan a comprender la relación entre la empresa y beneficiarios (Chen et al, 2018;Yu y Chen, 2014).…”

Section: Criterio Indicadorunclassified

Control de proyectos de Responsabilidad Social empresarial: Estudio en empresas mineras

Puente¹,

Chavez²,

Oblitas³

et al. 2019

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“…Another point of interest was the correlation between corporate financial performance (CFP) and CSR [27]. In this respect, Chen et al [22], believes that cost management and differentiation strategies can positively mitigate the relationship between CSR and CFP. It can negatively weaken the relationship between CSiR (corporate social irresponsibility) and CFP, too.…”

Section: Theoretical Frameworkmentioning

confidence: 99%

“…Grid of CSR Perceptions-Observations of International Experts on CSR Regarding Economic Theories and Concepts; Source[15][16][17][18][19][20][21][22][23][24][25][26][27][28][29][30][31][32].…”

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confidence: 99%

Analysis of Social Responsibility and Reporting Methods of Romanian Companies in the Countries of the European Union

et al. 2018

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In the context of the current economy, the concept of corporate social responsibility has gained momentum, and its significance derives from the attitude of companies that have understood the importance of the impact of their activity on the environment in which they conduct their operations. The present study emphasizes the fact that CSR has an equal importance for those companies of varying sizes that operate in developing countries, such as Romania. There are still a lot of challenges regarding their implementation. The study focuses on establishing the level of CSR report by the Romanian companies within the European Union framework by taking into account the extent to which they are familiar with the CSR reporting guidelines in order to identify the degree of applying the Global Reporting Guidelines (GRI) when designing the sustainability reports. The data regarding the acceptance of the voluntary report and its correlation to the sustainable development as a strategic focus of the management of entities, the usefulness, the necessity and the obstacles of voluntary reporting were gathered based on a questionnaire. Between 2015-2017, 61 Romanian companies of various sizes had to answer specific questions. The research is based on the descriptive statistics as well as the correlation analysis method. The findings of the research proved that the acceptance of the management in terms of the sustainable development is in a close relationship with implementing voluntary reporting and the willingness to develop a favorable image of the company within a competitive market. The study also identified the differences that exist between a company's success on the market that is linked to their development and the economic factors that characterize each and every field of activity. The present study focuses on defining the term 'social responsibility' from the point of view of its concepts. It also aims at presenting the social responsibility reporting methods used by the companies from the European Union countries. These can be a starting point for those companies that have not had the chance of applying them yet.In developed countries, companies have understood the importance of CSR for their business strategy and at the same time, the importance of stakeholder engagement in their business, as the later become more and more interested in the moral behavior of companies. Within the present-day context of an increasing globalization, the growth of the international transactions and the development of the corporate phenomena through enhancing the presence of the multinational companies as emerging entities, the traditional financial reporting models are not tailored face the challenges of disclosing all the significant facets that lead to adequate CSR and the sustainable development forecasting capacity needed by companies. Thus, one can state that the traditional financial reporting no longer meets all the information needs of the stakeholders [1], and the solution comes from the companies in the form of voluntary report...

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Constructing performance measurement indicators to suggested corporate environmental responsibility framework

Cited by 41 publications

References 37 publications

Correlation between the DJSI Chile and the Financial Indices of Chilean Companies

Correlation between the DJSI Chile and the Financial Indices of Chilean Companies

Control de proyectos de Responsabilidad Social empresarial: Estudio en empresas mineras

Analysis of Social Responsibility and Reporting Methods of Romanian Companies in the Countries of the European Union

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