Explaining the complexity relationship of CSR and financial performance using neo-institutional theory

P, Golrida Karyawati; Subroto, Bambang; Sutrisno, Tri; Saraswati, Erwin

doi:10.1108/jabes-10-2019-0106

Cited by 31 publications

(15 citation statements)

References 59 publications

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“…Firstly, the present study enriches the available literature in the field of CSR from the viewpoint of employee extra-role behavior, specifically in employee creativity, which is an underexplored domain of the field. Most of the prior studies in the domain of CSR were conducted by assuming CSR as a construct that belongs to an organizational level, for instance, in a recent study, Golrida, et al [74] investigated the relationship between CSR and financial performance. Likewise, researchers like Mahmood and Bashir [75] proposed CSR as a key factor to spur brand equity.…”

Section: Theoretical Implicationsmentioning

confidence: 99%

The Relationship of CSR and Employee Creativity in the Hotel Sector: The Mediating Role of Job Autonomy

et al. 2021

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Despite the growing surge in the literature about employee creativity, the mainstream literature largely views it from an organizational perspective, and ignores the underlying mechanism that motivates employees to be engaged in different creative tasks. Against this backdrop, the current work was carried out to explore the relationship of corporate social responsibility (CSR) and employee creativity with the mediating effect of autonomy to explain the motivational pull for employee creativity. The data were collected from the employees of the hotel sector of Pakistan through a self-administered questionnaire (n = 511) and were analyzed by employing the structural equation modeling (SEM) technique. The results revealed that CSR, through the mediating effect of job autonomy, influences employees’ creativity significantly. The findings of the current analysis will help both academia and professionals from the hotel sector to understand the importance of CSR as a booster for employee creativity. Furthermore, the potential role of job autonomy as a mediator in explaining this relationship will also help policymakers to understand the importance of freedom at the workplace to engage the workforce in different extra-roles, including creativity.

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Section: Theoretical Implicationsmentioning

confidence: 99%

The Relationship of CSR and Employee Creativity in the Hotel Sector: The Mediating Role of Job Autonomy

et al. 2021

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“…In the meantime, the three-pronged proposal has also become a prevalent benchmark in studies on sustainable business (Slaper & Hall, 2011). What is noteworthy is, even as a growing body of work has confirmed the positive impact of corporate social responsibility (CSR) on financial performance (Ferrell, Liang, & Renneboog, 2016;Friede, Busch, & Bassen, 2015;Margolis, Elfenbein, & Walsh, 2009;P, Subroto, T, & Saraswati, 2020), the debate remains on how to transform the voluntary nature of CSR into a widelypracticed mandate. This article suggests that such transformation requires approaching and dealing with environmental problems, including climate change, in an out-of-the-box manner.…”

Section: Introductionmentioning

confidence: 99%

The semiconducting principle of monetary and environmental values exchange

Vuong

2021

Econ Bus Lett

165

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This short article represents the first attempt to define a new core cultural value that will enable engaging the business sector in humankind’s mission to heal nature. First, I start with defining the problem of the current business culture and the extant thinking on how to solve environmental problems, which I called “the eco-deficit culture.” Then, I present a solution to this problem by formulating the “semiconducting principle” of monetary and environmental values exchange, which I believe can generate “an eco-surplus business culture.” This work adds one new element, the eleventh cultural value, to the ten core values of progressive cultures postulated by Harrison (2000).

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“…In the meantime, the three-pronged proposal has also become a prevalent benchmark in studies on sustainable business (Slaper & Hall, 2011). What is noteworthy is, even as a growing body of work has confirmed the positive impact of corporate social responsibility (CSR) on financial performance (Ferrell, Liang, & Renneboog, 2016;Friede, Busch, & Bassen, 2015;Margolis, Elfenbein, & Walsh, 2009;P, Subroto, T, & Saraswati, 2020), the debate remains on how to transform the voluntary nature of CSR into a widely-practiced mandate. This article suggests that such transformation requires approaching and dealing with environmental problems, including climate change, in an out-of-the-box manner.…”

Section: Introductionmentioning

confidence: 99%