Corporate social responsibility and cost of capital: The moderating role of policy intervention

Prasad, Krishna; Kumar, Satish; Devji, Shridev; Lim, Marc Weng; Prabhu, Nandan; Moodbidri, Sudhir

doi:10.1016/j.ribaf.2022.101620

Cited by 38 publications

(31 citation statements)

References 83 publications

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“…In terms of consumer ethics , future research can consider reinvestigating consumer perceptions toward corporate initiatives that are mandated versus voluntary. Noteworthily, many countries around the world, including developing countries such as India, have mandated corporate social responsibility (Prasad et al, 2022) as well as ESG reporting (Lim, Ciasullo, Douglas, & Kumar, 2022). In this regard, it should also be worth investigating how brands can go about engaging in voluntary actions in a mandated environment and the equivalent consumer reactions toward such actions, as well as consumer reactions toward brands that engage in contentious issues such as humble bragging and sustainability washing.…”

Section: Discussionmentioning

confidence: 99%

Evolution and trends in consumer behaviour: Insights from Journal of Consumer Behaviour

Lim

Kumar

Pandey

et al. 2022

J of Consumer Behaviour

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The way consumers behave is fundamental to marketing. Journal of Consumer Behaviour (JCB) is an international journal dedicated to publishing the latest developments of consumer behaviour. To gain an understanding of the evolution and trends in consumer behaviour, this study presents a retrospective review of JCB using bibliometric analysis. Using bibliographic records of JCB from Scopus, this study finds that consumer behaviour research in JCB has grown substantially in terms of collaboration (co‐authorships), global reach (countries), productivity (publications), and impact (citations). The major themes explored by consumer behaviour research in JCB include consumer information processing, consumption communities, consumption value, sustainable consumption, intergenerational consumer behaviour, consumer‐brand relationship, consumer ethics, and conditional relationships in consumer behaviour. The most recent consumer behaviour research in JCB has considered externalities such as the COVID‐19 pandemic and focused on themes such as consumer ethics and sustainable consumption in line with the global movement toward environmental social governance (ESG) and sustainable development goals (SDGs).

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Section: Discussionmentioning

confidence: 99%

Evolution and trends in consumer behaviour: Insights from Journal of Consumer Behaviour

Lim

Kumar

Pandey

et al. 2022

J of Consumer Behaviour

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“…Even then, guidelines that integrate sustainable goals can help the company survive and generate long-term value. In this connection, Prasad et al (2022) show that enhanced socially responsible performance decreases the cost of debt. Firms reveal more socially accountable behavior to protect their image and increase visibility.…”

Section: Firm Valuementioning

confidence: 95%

“…Several firm-specific characteristics were controlled while investigating the link between sustainability disclosure and firm value. Leverage, firm size, liquidity and research and development intensity control the growth opportunity effect (Prasad et al , 2022). In addition, we created an environmentally sensitive firm dummy variable to control the effect of environmentally sensitive firms.…”

Section: Methodsmentioning

confidence: 99%

Does GRI compliance moderate the impact of sustainability disclosure on firm value?

Sreepriya

K.R.

Prasad

2022

SBR

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Purpose This paper aims to examine the moderating role of global reporting initiative (GRI) compliance in the association between sustainability reporting and firm value. Design/methodology/approach This study investigates a sample of 223 manufacturing firms, encompassing 11 industries from 2010 to 2019. Using GRI compliance as a moderator, the authors employed a generalized method of moments model to study how sustainability disclosure impacts firm value. Findings The results indicate a positive and significant association between sustainability disclosure and firm value. This study reveals that GRI compliance moderates the relationship between sustainability disclosure and firm value, such that firm value increases when the firm adopts GRI in sustainability reporting. Originality/value No prior studies have examined GRI compliance's direct and moderating effects on the association between sustainability disclosures and firm value in the Indian manufacturing sector. This study is also valuable for the managers and industry to understand the significance of implementing voluntary sustainability disclosure practices and being GRI compliant.

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“…The world is undergoing a profound transformation, wherein the fundamental nature of work (i.e., the responsibilities and tasks that people perform in exchange for remuneration), workers (i.e., the people performing work), and workplaces (i.e., the spaces where work is performed by workers) is being reshaped. This transformation is driven by externalities and trends such as: Groundbreaking technological advancements like Generative AI (e.g., ChatGPT; Dwivedi et al., 2023; Lim, Gunasekara et al., 2023) and virtual reality (e.g., metaverse; Dwivedi et al., 2022; Kraus et al., 2023); Increasing competitive pressures that necessitate new ways of thinking and functioning (e.g., the challenger approach; Lim, 2020); Shifting demographics with the rise of new generations (e.g., Generation Z or zoomers; Lim, 2022b) and intergenerational transitions (e.g., Generation X or baby boomers moving into the aging population and Generation Y or millennials becoming middle‐aged adults; Lim, Kumar et al., 2023); Evolving societal expectations such as corporate social responsibility or CSR (Castillo, 2022; Prasad et al., 2022), diversity and inclusion (Arora & Patro, 2021; Yilmaz et al., 2021), environmental social governance or ESG (Lim, Ciasullo et al., 2023), lifelong learning and upskilling (Lang, 2023), purpose‐driven work (Collins & Saliba, 2020; Jones‐Khosla & Gomes, 2023), sustainability (Lim, 2022a), and work‐life balance (Chigeda et al., 2022; Mello & Tomei, 2021; Naim, 2022); and Ongoing global crises or mega‐disruptions such as the COVID‐19 pandemic (Lim, 2021, 2023b) and the Ukraine‐Russia conflict (Lim, Chin et al., 2022), among others. …”

Section: Introductionmentioning

confidence: 99%

The workforce revolution: Reimagining work, workers, and workplaces for the future

Lim

2023

Glob Bus Org Exc

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As the world experiences unprecedented changes driven by groundbreaking technological advancements, increasing competitive pressures, shifting demographics, evolving societal expectations, and ongoing global crises or mega-disruptions, the nature of work is evolving at an accelerated pace. This editorial introduces The Workforce Revolution, a critical movement that aims to reimagine work, workers, and workplaces for the future to harness these transformations effectively. As businesses and organizations adapt to new realities, innovative leadership and human resource management strategies become indispensable to ensure long-term success and sustainability. This issue of Global Business and Organizational Excellence explores the latest research, trends, and insights on the topic, providing valuable guidance to leaders and managers as they shape the future of work. Articles within this issue cover a range of topics, including employee expectation-organizational performance gaps, positive and negative workplace behaviors, toxic and responsible leadership, traditional and transformational roles of human resources, and the future of work in the new normal. By equipping leaders and managers with the knowledge to navigate these complexities, the journal aims to foster a more resilient and adaptable workforce, poised to thrive in the dynamic landscape of the future.

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Corporate social responsibility and cost of capital: The moderating role of policy intervention

Cited by 38 publications

References 83 publications

Evolution and trends in consumer behaviour: Insights from Journal of Consumer Behaviour

Evolution and trends in consumer behaviour: Insights from Journal of Consumer Behaviour

Does GRI compliance moderate the impact of sustainability disclosure on firm value?

The workforce revolution: Reimagining work, workers, and workplaces for the future

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