CSR in metallurgy sector in Greece: A content analysis

Metaxas, Theodore; Tsavdaridou, Maria

doi:10.1016/j.resourpol.2013.03.010

Cited by 23 publications

(11 citation statements)

References 47 publications

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“…TCA's assumes that frequency-the number of times that a particular code was mentioned within and across texts [71]-is a signal of the importance of the studied subject [72,73]. TCA of companies' reports has been a recurrent method used to study CSR and sustainability [74][75][76] and used to assess social and environmental disclosures of a company [77]. The method has provided valid results for research on sustainability reporting to evaluate the extent of the disclosure on several elements regarding sustainability [74].…”

Section: Qualitative Approachmentioning

confidence: 99%

Water Management Reporting in the Agro-Food Sector in South Africa

Hernández

Ramírez

Clercq

2017

Water

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Abstract:The purpose of the study is to assess whether Corporate Social Responsibility regarding water is considered relevant for sustainability in companies related to agriculture in South Africa, considering that their impact directly influences public access to water. To accomplish this purpose, a qualitative approach was developed through the study of the 22 existing companies from the agriculture sector, food and beverages, forest and paper production, and Tobacco, which published their last integrated report within the Global Reporting Initiative framework. A thematic content analysis was carried out, involving the analysis of the written sustainability reports. For data analyses, ATLAS.ti 7.1 software was used to match the main aspects related to water management. Pragmatic advice for practitioners derives from the research results, considering that Corporate Social Responsibility in general-and sustainable water management in particular-represents an opportunity for companies to get competitive advantages in the market. The study also determines the best practices in the field in South Africa with benchmarking purposes.

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Section: Qualitative Approachmentioning

confidence: 99%

Water Management Reporting in the Agro-Food Sector in South Africa

Hernández

Ramírez

Clercq

2017

Water

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“…Taking good care of employees and maintaining healthy relationships between managers and employees is not only important but is also the fundamental responsibility of the firm manager. Therefore, almost every study on CSR has emphasized employee welfare and has used various employee-related proxiessuch as training, career development, education, health facilities, staff engagement, entertainment, providing a safe and healthy working environment and, most importantly, retirement benefitsin the measurement of CSR (Metaxas and Tsavdaridou, 2013;Yusoff et al, 2013).…”

Section: Charitable Donationsmentioning

confidence: 99%

The impact of corporate social responsibility on financial distress: evidence from developing economy

Farooq

Noor

2021

PAR

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Purpose This study aims to explore the role of corporate social responsibility (CSR) on the likelihood of financial distress for a sample of 139 Pakistan Stock Exchange (PSX) listed firms throughout 2008–2019. Design/methodology/approach The dynamic generalized method of moments (GMM) estimator is used to examine the impact of CSR on financial distress. The investment in CSR is measured through a multidimensional financial approach which comprises the sum of the contribution made by the company in the form of charitable donation, employees’ welfare and research and development, while the Altman Z-score is used as an indicator of financial distress. The higher the Z-score, the lower will be the probability of financial distress. Findings The authors find a significant positive impact of CSR on financial distress in GMM model. This finding is consistent with the shareholder view and over-investment hypothesis of CSR as management makes an investment in CSR to get personal benefits, which resultantly leads the firm toward financial distress state. Further, this positive relationship remains present for firms having strong involvement in foreign business through exports. Research limitations/implications Like other studies, the present study is not free from limitations. First, financial firms are skipped from the sample, although literature witnesses a lot of studies highlight the financial firms’ commitment to achieving CSR goals. Second, financial distress occurs in different stages, and this study fails to establish a linkage between CSR engagement at different stages of financial distress. In the future, researchers can make valuable addition by covering these missing links in present studies. Practical implications Findings suggest several practical implications. For policymakers, they should encourage firms to adopt more socially responsible behavior as it not only prevents them from distress but also comes with better investment behavior, minimize bankruptcies and make economies more strong and stable. Second, results suggest corporate managers emphasize socially responsible behavior as its benefits are beyond the “societal benefits” as it lessens financial distress through lower cost of debt, lesser financial constraints and reduced cost of information asymmetry, and it minimizes the cost of capital. Lastly, investors make risk premium assessments related to future earnings by determining the likelihood of financial distress in the future. Originality/value The study extends the body of existing literature on CSR and the likelihood of financial distress in Pakistan, which is according to the best knowledge of the authors, not yet studied before. The results suggest that policymakers may pay special attention to the quality of CSR while predicting corporate financial distress.

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“…A rowin body of literature emphasizes the role of social responsibility for the rm, albeit almost all the above mentioned studies aim to investi ate the corporate social responsibility activities durin non-crisis periods. Some researchers investi ated CSR in crisis periods, in terms of its relationship to nancial performance, perceived effects on company reputation and the cost-containment mana ement actions leadin to smaller CSR bud ets Diaz-Pont, 2017 Metaxas, and Tsavdaridou, 2013arahibraimo lou, 2010Placier, 2011Souto, 2009. A study by Garc a-enau et al 2013), examinin the economic crisis in Spain, concluded that "in times of crisis companies perceive CSR reportin and assurance as a valuable investment in spite of its costs" p. 1539).…”

Section: Researcher(s) Findings Rakotomavo 2012)mentioning

confidence: 99%

CSR activity configuration and the prioritizing of stakeholder claims: A multi-firm, multi-sector study

Hyz

Sahinidis

2018

ceref

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The purpose of this study is to identify the patterns of Corporate Social Responsibility (CSR) activities, in adverse economic circumstances, so as to understand the importance ascribed by the companies to each of their stakeholders. Prior research on stakeholder salience has looked into various issues related to the relative attention given to corporate stakeholders by management, however, none has examined what this relationship looks like following a prolonged economic crisis. We investigate the activities of CSR in Greece, examining how companies spend their CSR resources in a depressed economy, studying the respective activity patterns of the companies listed on the Athens Stock Exchange (ASE). Content analysis is used, thoroughly examining all public data available on the internet from 175 companies. The study includes data reported in 2014, collected at the end of 2015. Our results demonstrate that, the most popular CSR activities related to the human resources and the least practiced were the society and environment related ones. The findings show concern for the employees of the companies and their morale, superseding the interest for the other stakeholder categories in spite of the crisis and the soaring unemployment rate. Moreover, a significant divergence emerged between the CSR programs of the various industries. This indicates that for reasons unbeknownst to us, companies are placing less emphasis on consumers, environment and the society and tend to cater to the needs of their internal constituents.

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CSR in metallurgy sector in Greece: A content analysis

Cited by 23 publications

References 47 publications

Water Management Reporting in the Agro-Food Sector in South Africa

Water Management Reporting in the Agro-Food Sector in South Africa

The impact of corporate social responsibility on financial distress: evidence from developing economy

CSR activity configuration and the prioritizing of stakeholder claims: A multi-firm, multi-sector study

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