CSR, social ties and firm performance

Jang, Soojeen; Ko, Hyesoo; Chung, Yanghon; Woo, Chungwon

doi:10.1108/cg-02-2019-0068

Cited by 41 publications

(33 citation statements)

References 55 publications

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…As far as, other studies find a negative and significant association between CSR and firm performance (Iwata and Okada (2011), Albertini (2013); Nakamura (2015), Ferrell et al (2016); Haque et al (2016); Manrique and Mart_ı-Ballester (2017) and Jang et al (2019). However, these authors consider that the social responsibilities of the firm may be a “waste of money” and reduce the firm competitiveness.…”

Section: Literature Review and Research Hypothesesmentioning

confidence: 94%

Corporate social responsibility and financial performance: bidirectional relationship and mediating effect of customer loyalty: investigation in Sweden

Hichri

Ltifi

2021

View full text Add to dashboard Cite

Purpose The study is based on a hybrid model composed of accounting and business data and is amongst the first to test the impact of corporate social responsibility (CSR) performance on the financial performance of the company, as well as the impact of financial performance on CSR performance. The bidirectional logic chosen by the study is rarely adopted in the global context and has never been tested in the Swedish context. Moreover, the purpose of this paper is to test the mediating effect of customer loyalty on the company’s CSR performance-financial performance relationship to assess this effect over the long term. This design has been neglected in previous studies. Design/methodology/approach Data was collected from a sample of 110 Swedish companies during the period 2009–2019. This study collects the data from the Thomson Reuters Eikon database. A multiple regression analysis was performed to test the hypotheses. Findings The results confirmed the bidirectional relationship between CSR performance and company financial performance. This means that CSR performance positively influences the company’s financial performance. Similarly, financial performance positively influences the company’s CSR performance. Moreover, customer loyalty has a positive and significant mediating effect on the company’s CSR performance-financial performance relationship. Originality/value This study adds several inputs. The first contribution of the research is to test a hybrid model composed of accounting and commercial data. This model is amongst the first to test the impact of CSR performance on the financial performance of the company and the impact of financial performance on CSR performance. The second contribution is the bidirectional logic chosen by the study which is rarely adopted in the global context and has never been tested in the Swedish context. The third contribution is to test the mediating effect of customer loyalty on the company’s CSR performance-financial performance relationship to assess this effect over the long term. This design has been neglected in previous studies. The fourth contribution is the choice of the field of investigation for the reliability of the data used and the generalisation of the results obtained.

show abstract

Section: Literature Review and Research Hypothesesmentioning

confidence: 94%

Corporate social responsibility and financial performance: bidirectional relationship and mediating effect of customer loyalty: investigation in Sweden

Hichri

Ltifi

2021

View full text Add to dashboard Cite

show abstract

“…By providing the necessary resources to satisfy the interests of stakeholders, firms build strong relationships with them. As a result, stakeholders are more willing to contribute resources and effort to the firm, which, in turn, increases shareholder value (Freeman et al , 2004; Jang et al , 2019; Lee, 2008). Thus, in high-CSR firms, the interests of shareholders and other stakeholders are in greater alignment.…”

Section: Theoretical Framework and Literature Reviewmentioning

confidence: 99%

The effect of ESG on value creation from mergers and acquisitions. What changed during the COVID-19 pandemic?

Tampakoudis

Noulas

Kiosses

et al. 2021

View full text Add to dashboard Cite

Purpose The purpose of this study is to investigate the relationship between environmental, social and governance (ESG) performance and shareholder wealth in the context of mergers and acquisitions (M&As) before and during the coronavirus (COVID-19) pandemic. Design/methodology/approach This paper uses a sample of 889 completed M&As announced by US firms between 1 January 2018 and 31 July 2020. Announcement abnormal returns are estimated using an event study methodology and the relation of ESG performance to shareholder value creation is tested with univariate and multivariate cross-sectional regressions. Findings This study provides evidence for a significant negative value effect of ESG performance for the shareholders of acquiring firms during the entire sample period. The negative effect appears to be stronger, as the onset of the COVID-19 crisis. This suggests that, during the pandemic-driven economic turmoil, the costs of sustainability activities outweigh any possible gains, providing evidence in support of the overinvestment hypothesis. Research limitations/implications The results of the study have important implications for firms, investors and policymakers. Firms should be more cautious with regard to extensive investments in ESG activities, particularly during economic turmoil. For shareholders, the results suggest that ESG engagement is not a resilience factor in an exogenous shock such as the COVID-19 pandemic. In terms of policymaking, the sustainability disclosure framework should remain voluntary allowing firms to report material ESG-related issues. The main limitation of the study is related to data availability regarding ESG performance. Originality/value To the best of the knowledge, this is the first study that investigates the effect of ESG performance on shareholder value in the market for corporate control before and during the COVID-19 pandemic.

show abstract

“…The enormous promoting effect of high-tech industry development on economic growth has become a consensus among scholars [6,7]. Therefore, how to facilitate the development of high-tech industry has become the main research content at home and abroad.…”

Section: Literature Reviewmentioning

confidence: 99%

High-Tech Service Platform Ecosystem Evolution: A Simulation Analysis using Lotka-Volterra Model

Yan

Liu

et al. 2020

Teh. vjesn.

View full text Add to dashboard Cite

Technical service platform exerts a strong effect on supporting the innovation of the high-tech industry as a critical constituent of the modern service industry, and it can effectively enhance the development potential of technological innovation, but the degree of separation from technical service chain to high-tech industry chain is currently high. To explore how to improve the utilization efficiency of scientific and technological resources and facilitate the sustainable development of the high-tech industry by relying on technical service platform,a high-tech service platform was constructed by using Lotka-Volterra (L-V) model on the basis of ecosystem theory, the evolution path and stability conditions of high-tech service platform were analyzed followed by numerical simulation by Matlab computing. Results show that the development of hightech service platform follows the evolution path of "bilateral platform → core platform → platform ecosystem"; population evolution pattern in high-tech service platform ecosystem is decided by interdependence coefficient between populations; populations inside high-tech service platform ecosystem generate natural selection and synergistic effect and realize ecological balance among populations through evolution. Evolution of high-tech service platform system in this study provides a new theoretical framework for effective fusion and collaboration of science and technology service and industry, which is significant for elevating scientific and technological innovation level and improving technical service system construction.

show abstract

CSR, social ties and firm performance

Cited by 41 publications

References 55 publications

Corporate social responsibility and financial performance: bidirectional relationship and mediating effect of customer loyalty: investigation in Sweden

Corporate social responsibility and financial performance: bidirectional relationship and mediating effect of customer loyalty: investigation in Sweden

The effect of ESG on value creation from mergers and acquisitions. What changed during the COVID-19 pandemic?

High-Tech Service Platform Ecosystem Evolution: A Simulation Analysis using Lotka-Volterra Model

Contact Info

Product

Resources

About