Drivers of selectivity in family firms: Understanding the impact of age and ownership on CSR

Madden, Laura T.; McMillan, Amy Gross; Harris, Oneil

doi:10.1016/j.jfbs.2019.100335

Cited by 36 publications

(40 citation statements)

References 82 publications

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“…We could not reject the hypothesis that there was no significant relationship between ownership structure and CSR disclosure among Nigerian firms. Thus, contrary to the earlier findings of Madden, McMillan, and Harris (2020) and Tang, Yang, and Yang (2020) our conclusion was that firms' ownership does not significantly influence CSR engagement and/or disclosure. The implication was that even though owners may have the capacity to influence companies' policies; their level of sensitivity to reporting practice may not be a significant determinant of CSR disclosure by firms.…”

Section: Discussioncontrasting

confidence: 99%

Firms Attributes, Corporate Social Responsibility Disclosure and the Financial Performance of Listed Companies in Nigeria

Jeroh

2020

Asian Economic and Financial Review

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The legitimacy theory gives credence to why firms strive to ensure that their overall value system does not oppose those of the larger society in which they operate while simultaneously enhancing their performance and narrowing the presumed gap between their activities and societal expectations. Therefore, hinged on the legitimacy theory, this study focused on assessing the interrelationship between firms' attributes, corporate social responsibility (CSR) disclosure and measures of financial performance of firms. Secondary data were collated from the financial reports of a sample of 29 listed Nigerian firms in the financial service sector over a 10-year period (2009-2018). Estimation was based on the structural equation modeling (SEM) technique. We observed that measures of firm performance, firm value and capital structure exert significant influence on CSR disclosure respectively; but the same was not the case for ownership structure and board attributes. We also found that firm value, capital structure, ownership structure and board attributes do not have significant influence on the financial performance of firms. We therefore recommend that while eschewing from financing asset acquisition through debts, reporting entities should be more involved in environmental engagements; and costs associated with such engagements should be reported alongside their respective mainstream financial reports. Contribution/ Originality:This study is one of very few to use the Structural Equation Modeling (SEM) to investigate the interrelationship between measures of firm attributes, CSR disclosure and companies' financial performance by drawing empirical evidence from the financial service sector in Nigeria.

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Section: Discussioncontrasting

confidence: 99%

Firms Attributes, Corporate Social Responsibility Disclosure and the Financial Performance of Listed Companies in Nigeria

Jeroh

2020

Asian Economic and Financial Review

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“…Organizational negative characteristics badly influence the trust and the purchase intentions of consumers. On the other hand, organizational positive characteristics enhance corporate image and build a strong relationship with the consumers to purchase its products (24,29,48). Based on the above literature, we can propose our hypothesis as follows: H 12 : The negative impact of corporate cynical impression could be reduced upon consumer purchase intention when we introduce Economic and Legal CSR as mediators in this relationship.…”

Section: Organizational Cynicism and Consumers Purchase Intentionsmentioning

confidence: 96%

“…Whereas legal CSR is concerned with rules and regulations which organizations must follow (28). It includes expectations, specific rules, and regulations as well as the role with respect to playing regulations (29,30). Legislations, control, and regulations are essential drivers toward compliances and compulsory for the existing CSR standards.…”

Section: Economic and Legal Csrmentioning

confidence: 99%

“…Ethical responsibility is identified by minimization of risk and internal control system that can lead to the offering of products that are beneficial for consumers. Related works of literature have asserted the impact of unethical CSR and ethical CSR on the corporate image and found that ethical CSR enhances corporate image significantly (29,43,48). Philanthropic CSR corresponds to improving the quality of life for society as a whole by donating the resources of a company, facilities, and time to the community of an employee for free.…”

Section: Csr Dimensions and Corporate Imagementioning

confidence: 99%

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Struggling With Business Corporate Cynical Impression? Powerful Methods of CSR to Enhance Corporate Image and Consumer Purchase Intention

Avotra

et al. 2021

Front. Public Health

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This study focuses on the perception of Chinese students about the image of the company and their purchase intention if the organization has a business cynical impression in the minds of its targeted customers. The study proposed three different types of corporate social responsibility (CSR) to cope up with the organizational cynical impression. These types are Economic and Legal CSR, Philanthropic CSR, and Ethical CSR. The main objective of this study is to determine which CSR type is better to reduce the corporate cynical impression on corporate image and the purchase intentions of consumers. In the study design, the bootstrap approach and AMOS 24 were employed to deal with mediation. The researchers recruited 500 individuals from different educational institutions in China using a simple random selection process. The outcomes of this study indicated that all three types of CSR are successful in mitigating the detrimental effects of corporate cynicism on the image of a firm and the purchase intentions of consumers. A more effective technique of boosting the corporate image of a company and purchase intention of a consumer is via charitable CSR, which may help restore the image of a company and the purchase intention of a consumer that has been affected by corporate cynicism among its target customers.

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“…Therefore, they are prone to contribute more to the efficiency of the ethical decision-making process than small boards, which could lead to a better CSR performance [Hillman et al, 2001;Clarkson 1995;and Pfeffer and Salancik, 1978]. For instance, the mean board size of a firm is around 9 members in European firms and US firms [Haque and Jones, 2020;and Madden et al, 2020]. Table 1.2 presents descriptive statistics of the study of Beji et al [2020] on the association between boards' characteristics and globally CSR and specific areas of CSR, conducted on French companies listed on the SBF 120 d index between 2003 However, the agency theory holds that agency problems can become more severe with larger boards, specifically when they suffer from coordination and communication problems [Hermalin and Weisbach, 2003;Bushman and Smith, 2001;and Yermack, 1996].…”

Section: Ii11 Diversity Of Boardsmentioning

confidence: 99%

Corporate Social Responsibility and Corporate Governance: A Cognitive Approach

Béji

Yousfi

Omri

2021

Financial and Economic Systems

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This chapter aims to critically review the existing literature on the relationship between corporate social responsibility (CSR) and corporate governance features. Drawn on management and corporate governance theories, we develop a theoretical model that makes explicit the links between board diversity, CSR committees' attributes, CSR and financial performance. Particularly, we show that focusing on the cognitive and demographic characteristics of board members could provide more insights on the link between corporate governance and CSR. We also highlight how the functioning and the composition of CSR committees, could be valuable to better understand the relationship between corporate governance and CSR.

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Drivers of selectivity in family firms: Understanding the impact of age and ownership on CSR

Cited by 36 publications

References 82 publications

Firms Attributes, Corporate Social Responsibility Disclosure and the Financial Performance of Listed Companies in Nigeria

Firms Attributes, Corporate Social Responsibility Disclosure and the Financial Performance of Listed Companies in Nigeria

Struggling With Business Corporate Cynical Impression? Powerful Methods of CSR to Enhance Corporate Image and Consumer Purchase Intention

Corporate Social Responsibility and Corporate Governance: A Cognitive Approach

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