Environmental Impact and CSR Responsibilities

Msosa, Steven Kayambazinthu; Govender, Jeevarathnam Parthasarathy

doi:10.1007/978-3-030-17102-5_10

Cited by 4 publications

(4 citation statements)

References 15 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Consequently, the boards of the business houses have started to concentrate not only on their economic progress but also on several environmental, moral and social matters. Awareness among the stakeholders regarding the degrading environment has induced the business corporations to undertake socially responsible activities (Msosa and Govender, 2019). These activities are performed with the aim to promote sustainability by minimizing the adverse effects that their actions have on the environment.…”

Section: Introductionmentioning

confidence: 99%

Does board independence influence CSR performance? A GMM-based dynamic panel data approach

Agarwala

Pareek

Sahu

2022

SRJ

View full text Add to dashboard Cite

Purpose The study aims to explore and establish the relationship that exists between board independence and corporate social responsibility (CSR) practices of Indian firms. Design/methodology/approach A sample of 76 non-financial companies listed on the National Stock Exchange has been considered for a period of seven years (from 2013 to 2019). The study has used several statistical tools such as the static panel data model and the Arellano–Bond dynamic panel data model based on generalized method of moments approach. Findings The results of the analysis have indicated board independence to have a significant positive relationship with the firms’ CSR performance. However, board size and number of board meetings have been found to have a negative relationship with CSR. Further, outcomes have also revealed that variables such as companies’ size and liquidity have a positive effect on the extent of CSR activities performed. Practical implications The firms which have the intention to engage in impactful CSR activities should support the independent directors’ participation in companies’ boards. The study’s findings suggest the companies to appoint independent directors strategically, keeping in mind the requirements of their board. Also, the independent directors selected should be independent in true sense, i.e. they should not be acquaintances of the company’s chief executive officer. This would ensure unbiased decision-making and would enhance the company’s CSR performance. Originality/value In India, CSR has gained great importance. So much so that it was made mandatory by the Companies Act, 2013. However, research studies that may assist in understanding the influence of board independence on Indian firms’ CSR performance are still scarce. The present study would foster value to the existing set of limited literature. Besides, the study has considered the dynamic nature of the relationship and has also controlled the endogeneity bias which has been examined by few studies in the past.

show abstract

Section: Introductionmentioning

confidence: 99%

Does board independence influence CSR performance? A GMM-based dynamic panel data approach

Agarwala

Pareek

Sahu

2022

SRJ

View full text Add to dashboard Cite

show abstract

“…Various scientists note the importance of goods and services to separate fields of environmental activities-air, water pollution, etc. [103,104]. Such distinction allows us to better understand what products and services that solve environmental problems can contribute to poverty reduction in countries.…”

Section: Methodsmentioning

confidence: 99%

Assessment of the Impact of Social Responsibility on Poverty

Jakunskiene

2021

Sustainability

View full text Add to dashboard Cite

Being one of the open social innovations of business entities, social responsibility is taking an important role in our society. It not only contributes to the improvement of the financial indicators of business entities, but also has a significant impact on the economic development of countries and the creation of well-being of the society members. The business contribution to environmental and social initiatives influences various economic processes and, at the same time, affects the level of poverty in countries. The purpose of this thesis is to review the concept of social responsibility and its content after the analysis of the scientific literature, and to assess the impact of social responsibility on poverty indicators after an empirical study. The assessment was performed by using the methods of analysis of the scientific literature, mathematical–statistical analysis, comparative analysis, correlation analysis, as well as by studying the presented statistical data at the level of the three Baltic States — Lithuania, Latvia, and Estonia. The conducted research manifested a significant impact of the business units operating in the production sector on the employed people who are at the brink of poverty, by categorizing them by sex, age, and education. The research revealed the negative impact of the business social responsibility that is directed towards the environment field on the poverty rates of older age (65+) residents, due to the installation of new equipment and technologies. Additionally, business investments mostly affect people with secondary, and lower than secondary, education. The influence of the actual pollution amount in the production sector, to ensure the financial stability of the society, was observed. The research results are significant not only to the Baltic region, but to other economies that are seeking to reduce the poverty level in the country, by integrating the business social responsibility as well.

show abstract

“…The environmental dimension describes the company's ecologically responsible behavior, including how to utilize natural resources as efficiently as possible, manage waste better, reduce ecological externalities in manufacturing and produce environmentally friendly goods, among other things (Choi and Ng, 2011). CSR activities can also be targeted towards environmental impacts (Msosa and Govender, 2019).…”

Section: Conceptual Model and Hypothesis Developmentmentioning

confidence: 99%

Brand awareness and relationship intention: the moderating role of perceived corporate social responsibility dimensions

Hasudungan¹,

Saragih²

2023

APJML

View full text Add to dashboard Cite

PurposeUsing a hierarchical component model conceptualization, this study aims to investigate the moderating role of perceived corporate social responsibility (CSR) dimensions (i.e., economic, environmental and social) on the impact of brand awareness towards consumer relationship intention.Design/methodology/approachThis study used a two-stage disjoint approach of partial least squares structural equation modeling using data from 325 respondents based in a Southeast Asian region. The case of ecolabel brands was chosen as the context of the investigation.FindingsThe results suggest that brand awareness and perceived CSR dimensions positively impact consumer relationship intention. It was also observed that perceived CSR dimensions moderate the relationship between brand awareness and relationship intention. Consumers with more favorable sentiments of economic, environmental and social dimensions as reflected by the firms' CSR programs exhibit a higher degree of relationship intention.Research limitations/implicationsUsing the stakeholder theory as well as the brand value chain framework, this study adds to the literature regarding the significance of perceived CSR dimensions to better build and maintain relationships with the targeted customers of an environmentally friendly product. CSR strategies should be emphasized for relevant companies in terms of the economic, environmental and social aspects. According to this research, customer views about the three CSR initiative characteristics may act as a moderator in the interactions between consumer awareness and relationship intention.Practical implicationsCSR may be utilized in addition to traditional marketing communication to represent the firm's unique value proposition in the market. It is vital to create a CSR program that combines economic, environmental and social factors. Firms may collaborate with various stakeholders to ensure that their CSR initiatives include three elements.Originality/valueThis study adds to the literature on the moderating role of perceived CSR dimensions on the relationship of consumer brand awareness and relationship intention using the theoretical lens of the stakeholder theory and the brand value chain.

show abstract

Environmental Impact and CSR Responsibilities

Cited by 4 publications

References 15 publications

Does board independence influence CSR performance? A GMM-based dynamic panel data approach

Does board independence influence CSR performance? A GMM-based dynamic panel data approach

Assessment of the Impact of Social Responsibility on Poverty

Brand awareness and relationship intention: the moderating role of perceived corporate social responsibility dimensions

Contact Info

Product

Resources

About