CSR in developing countries – the importance of good governance and economic growth: evidence from Africa

Inekwe, Murumba; Hashim, Fathyah; Yahya, Sofri

doi:10.1108/srj-10-2019-0336

Cited by 27 publications

(23 citation statements)

References 54 publications

(71 reference statements)

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“…This finding is rather disappointing, keeping in view the poor climatic conditions of Pakistan, because small-sized enterprises in Pakistan exist in large numbers, and if such a large number are neglecting the environment, then it will be very difficult for the country to hope for a better and sustainable future. There are studies in the extant literature that also confirmed that environmental improvement through CSR is something that is not the priority of most developing countries in the world [73,74]. These results are dissimilar with the studies in developed countries, where many of steps have been taken to improve the environmental footprint of the enterprises through CSR [75,76].…”

Section: Discussionmentioning

confidence: 88%

Sustainability as a “New Normal” for Modern Businesses: Are SMEs of Pakistan Ready to Adopt It?

et al. 2021

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While in developed countries, the concept of sustainability is being recognized as a “new normal” for modern businesses, the situation is entirely different in the context of developing and underdeveloped regions of the world. Shockingly, most of the developing nations do not consider the environmental dimension of CSR as their priority, and this is one of the reasons that the issue of climate change is a hot topic of debate among contemporary researchers and policymakers from developing economies. The present study aims to explore the type and level of CSR engagement among different organizations of the SME sector in Pakistan. Further, the study also intends to uncover any potential difference between medium-sized enterprises and small-sized enterprises in terms of their CSR preferences and engagements. The study uses a qualitative approach in order to get deeper insights to meet study objectives through in-depth semi-structured interviews. In this regard, the data were collected from nine SMEs belonging to different sectors in Lahore city of Pakistan. The authors used thematic analysis in order to analyze in-depth interviews, and three main themes were extracted, including social CSR, economic CSR, and environmental CSR. The results revealed that most of the medium-sized enterprises prefer the social dimension of CSR, whereas small-sized enterprises are largely concerned with the economic dimension of CSR. It has also been revealed that the environmental dimension of CSR is non-existent in the case of small-sized enterprises. The results of the present study will help policymakers to better understand the phenomenon of CSR and to rethink their CSR policies for a better and sustainable future.

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Section: Discussionmentioning

confidence: 88%

Sustainability as a “New Normal” for Modern Businesses: Are SMEs of Pakistan Ready to Adopt It?

et al. 2021

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“…The state of CSR affairs is very poor in most developing countries, and a lot of inconsistencies in this connection have been reported by contemporary CSR researchers [ 9 , 10 ]. Further, most of the previous studies in the domain of CSR in developing countries context have largely addressed the relationship of CSR with a philanthropic mindset [ 11 , 12 , 13 ] but its important relationship to improve the natural environment is still under-explored. Likewise, the prior studies investigated the phenomenon of CSR at a macro or organizational level but its contribution at the individual (employee) or micro-level is something that has not received the due attention of modern researchers.…”

Section: Introductionmentioning

confidence: 99%

“…The contributions of the present study to the recent literature are many, for example, the present study enriches the existing CSR literature from the perspective of MCSR, whereas the majority of previous studies have considered this under the domain of macro or institutional level [ 11 , 12 , 13 ]. In the same vein, the present study adds significantly to existing CSR literature by proposing the relationship of MCSR to shape the pro-environmental behavior of employees at the workplace.…”

Section: Introductionmentioning

confidence: 99%

Corporate Social Responsibility at the Micro-Level as a “New Organizational Value” for Sustainability: Are Females More Aligned towards It?

Ahmad

Ullah

Mahmood

et al. 2021

IJERPH

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While prior studies have largely addressed corporate social responsibility (CSR) at a macro or institutional level, its importance at the micro or individual level is to date underexplored, especially in the context of developing economies. Further, it is not clear from the studies in the extant literature how the role of females is more important in the context of environmental management as compared to males. Similarly, micro-level CSR (MCSR) is emerging as a “new organizational value”, and the organizations that acknowledge this “new organizational value” and incorporate it into their business operations are likely to achieve sustainability objectives far better as compared to their counterparts. The present study investigates the impact of MCSR on employees’ pro-environmental behavior with the moderating effect of gender in the healthcare sector of Pakistan. The data were collected from five large hospitals in the city of Lahore through a self-administered questionnaire and analyzed using structural equation modeling (SEM) in AMOS software. A total of 533 out of 800 responses were received, which were used for data analysis of the present study. The results revealed that MCSR positively influences employee’s pro-environmental behavior, and gender moderates this relationship but the moderating effect of females is stronger as compared to males. The findings of the present study would help policymakers understand the importance of MCSR as a “new organizational value” to influence employees’ pro-environmental behavior with a special focus to promote the proactive role of females at workplaces.

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“…", as well as the procedures for making decisions in the company's affairs, setting the regulations, creating the objectives, strategies needed to achieve them, and the foundation for performance evaluation." [17,18,19].…”

Section: Background Theoreticalmentioning

confidence: 99%

The Impact of Board Directors, Audit Committee and Ownership on Financial Performance and Firms Value

Garad¹,

Rahmawati²,

Pratolo³

2021

ujaf

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The purpose of this study is to gather and analyze recent research publications on the relationship between governance (board, audit, and ownership) and financial and corporate value. A rigorous literature review of current international articles is used in this paper. The meta-analysis method was utilized to examine papers published in high-evaluation scientific publications indexed in Scopus. The tool (WordStat 8) was utilized to study articles and summarize descriptive statistics, correlation, and keyword cloud during the analysis process. According to the study, the board of directors works to protect investments from misappropriation by actively participating in the development of the company's strategy, giving appropriate incentives to management, and monitoring and evaluating its performance, thus maximizing the company's value. The audit committee can be used as a governance mechanism to improve financial information confidence and openness. Through their participation in the financial statement preparation process as well as improving the independence of both internal and external auditors, the audit committee can help prevent future financial disasters. The study discovered that the emphasis on a company's ownership is critical, and that focusing on the largest shareholder can considerably boost the company's long-term profitability. As a result, it is obvious that the current shifts in ownership focus will diminish performance, but that the negative effects will fade with time and may even have a beneficial impact on the organization's performance. The study will benefit a variety of stakeholders, including investors, stakeholders, company CEOs, board of directors, and other connected groups. Furthermore, guiding shareholders, investors, and stakeholders to make decisions based on reasonable and objective foundations follows a true assessment of the company's market value. This study offers both academics and professionals a written review of the study as well as an updated reference index to measure the relationship between governance and financial success from 2017 to 2020.

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CSR in developing countries – the importance of good governance and economic growth: evidence from Africa

Cited by 27 publications

References 54 publications

Sustainability as a “New Normal” for Modern Businesses: Are SMEs of Pakistan Ready to Adopt It?

Sustainability as a “New Normal” for Modern Businesses: Are SMEs of Pakistan Ready to Adopt It?

Corporate Social Responsibility at the Micro-Level as a “New Organizational Value” for Sustainability: Are Females More Aligned towards It?

The Impact of Board Directors, Audit Committee and Ownership on Financial Performance and Firms Value

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