Corporate social responsibility practices at brazilian firms

Galego-Álvarez, Isabel; Formigoni, Henrique; Antunes, Maria Thereza Pompa

doi:10.1590/s0034-759020140103

Cited by 26 publications

(14 citation statements)

References 32 publications

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“…They found that customer health, as well as the health and safety of products and services at the different stages of the product life cycle, are the indicators most widely used by pharmaceutical and chemical as well as real state (banking and insurance) firms. Gallego-Álvarez, Formigoni, and Pompa-Antunez [29] provide similar results for Brazil. Companies located in the southeast region of the country, which accounts for more than half of the national production, including major factories and steel plants, place the greatest emphasis on social indicators related to customer health as well as public policy initiatives related to anti-corruption or anti-bribery practices.…”

Section: Previous Work and Limitationssupporting

confidence: 60%

Analysis of Social Sustainability Information in a Global Context According to the New Global Reporting Initiative 400 Social Standards

2019

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Interest is increasing in what information companies disclose regarding the social aspects of their operations. This research therefore develops an index to analyze the social disclosure of companies from various countries and geographical regions including Latin America, Europe, Africa, Asia, and the United States. Using categorical principal component analysis and partial triadic analysis, we build a numerical value for a specific social individual index by firm. Then, we analyze the extent to which this disclosure follows the Global Reporting Initiative 400 social standards, which became effective on 1 July 2018. In addition to considering geographical aspects, we also analyze social disclosure based on industry, which facilitates firms’ decision-making and policy formation in social disclosure.

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Section: Previous Work and Limitationssupporting

confidence: 60%

Analysis of Social Sustainability Information in a Global Context According to the New Global Reporting Initiative 400 Social Standards

2019

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“…Therefore, discussing CSR implies a focus on legitimacy and competitiveness. In this sense, Gallego-Álvarez et al (2014) state that companies tend to mimic the CSR activities of local rivals in order to gain legitimacy. Goergen et al (2016) further consider sustainability and competitiveness to be necessary criteria to attain legitimacy, suggesting that a link exists between these three concepts.…”

Section: Csr As An Element Of Msmes' Legitimacymentioning

confidence: 99%

CSR-related competitiveness and legitimacy in MSMEs

Gallardo‐Vázquez¹,

Lizcano-Álvarez²

2020

Economics &Amp; Sociology

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Corporate social responsibility (CSR) has emerged as an important strategy in business contexts. This study's main objective was to identify and characterize the basic elements of CSR in micro, small, and medium enterprises (MSMEs) that can contribute to improving these companies' competitiveness and legitimacy. The research was based on the premises defining CSR's scope laid out by the Spanish Association of Accounting and Business Administration and the conceptual framework for corporate responsibility proposed by the European Commission's Directorate-General Enterprise and Industry. A 2004 compilation of good practices in small and medium-sized enterprises in Europe provided the foundation for a systematic analysis isolating elements common to the two cited organizations' frameworks. This is a descriptive study, on a sample of 23 companies belonging to the Autonomous Community of Extremadura, in Spain, involved in the practice of CSR and very sensitized to implement this strategy. Based on this list of features, a theoretical framework of CSR was constructed in order to identify the most significant elements and distinguish those of greatest importance to MSMEs' competitiveness and legitimacy. The originality of this study combined public and private CSR frameworks to categorize the distinctive elements of CSR in MSMEs.

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“…On the one hand, there are some studies that assume this influence by focusing only on one institutional environment (Gallego et al, 2014;Kuo, Yeh, & Yu, 2012;Michelon et al, 2015;Paul et al, 2006, Prado et al, 2009 or by controlling its effect in multinational samples (Alon, Lattemann, Fetscherin, Li, & Schneider, 2010;Chen & Bouvain, 2009;Fortanier, Kolk, & Pinkse, 2011).…”

Section: Country Selection and Samplementioning

confidence: 99%

“…This is because these country's institutional environments are clearly different (Li & Filer, 2007) and because both countries have been considered pioneers or top-ranked in the reporting of CSR information (Gallego, Formigoni, & Antunes, 2014;Grecco, Filho, Segura, García, & Rodríguez, 2013;KPMG, 2013;. Additionally, according to previous empirical evidence, there are differences concerning CG mechanisms: Brazilian companies' BDs are weaker and less effective than Spanish ones (Andrés, Azofra, & Lopez, 2005;Black, Carvalho, & Gorga, 2010).…”

Section: Introductionmentioning

confidence: 99%

Does the Institutional Environment Affect CSR Disclosure? The Role of Governance

Rodríguez

Escobar‐Pérez

2016

Rev. adm. empres.

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DOES THE INSTITUTIONAL ENVIRONMENT AFFECT CSR DISCLOSURE? THE ROLE OF GOVERNANCE Há Influência do ambiente institucional nas práticas de divulgação de RSC? O papel da governança ¿El entorno institucional influye en las prácticas de revelación de información de la RSC? El papel del Gobierno Corporativo ABSTRACTThe aim of this article is to analyze whether the institutional environment has a direct effect on Corporate Social Responsibility (CSR) reporting practices or if this effect is explained by the influence of the institutional environment on Corporate Governance (CG) mechanisms. To conduct our study, we focused on two countries that reflect different types of institutional environment: relation-based (Brazil) and rule-based (Spain). Based on our results, we can affirm that the institutional environment influences CG mechanisms (Board Size and Reference Shareholder) as well as companies' CSR disclosure. Additionally, the CG mechanisms affected by the institutional environment also help to explain differences in CSR reporting practices. As relation-based societies evolve into rules-based environments, the information disclosed about CSR becomes more complex due to a strengthening of CG mechanisms.KEYWORDS | Corporate governance, disclosure, corporate social responsibility, institutional environment, ownership structure. It is theoretically consistent with Institutional Theory to affirm that organizations adapt their structures and policies to institutional norms (Dimaggio & Powell, 1983) in order to survive in the market. RESUMOHowever, research on the effects of the institutional environment can be complex due to the significant difficulty to isolate variables and distinguish those effects from the impact the institutional environment has on other internal-context variables (Adams, 2002).In this perspective, we should consider that this institutionalization process also affects Corporate Governance In our study, we used measures that reflect the complexity of companies' CSR reporting. We used an index intended to reflect CSR reporting practices; we considered also the actions taken to increase the credibility and quality of such disclosures (Amran, Lee, & Devi, 2014;Boiral, 2013); the extent to which the disclosed information followed the Global Reporting Initiatives (GRI) guidelines; whether such adequacy was subject to external checking; and, finally, whether the information had been assured. With regard to CG mechanisms, we focused on the ones indicated by the literature as having an influence on CSR reporting practices: Board Size, Board Independence, Board Activity, CSR Committee, and Reference Shareholder.Considering our results, we can affirm that the institutional environment has a strong influence on the complexity of the CSR reporting practices as well as on two of the CG mechanisms analyzed:Board size and the presence of a Reference Shareholder. Moreover, these two CG characteristics are the ones that significantly affect CSR disclosure. When CG variables are introduced in the analysis, the instit...

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Corporate social responsibility practices at brazilian firms

Cited by 26 publications

References 32 publications

Analysis of Social Sustainability Information in a Global Context According to the New Global Reporting Initiative 400 Social Standards

Analysis of Social Sustainability Information in a Global Context According to the New Global Reporting Initiative 400 Social Standards

CSR-related competitiveness and legitimacy in MSMEs

Does the Institutional Environment Affect CSR Disclosure? The Role of Governance

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