Global CSR, drivers and consequences: a systematic review

Abstract

Purpose The purpose of this paper is to provide a systematic review of research studies on the drivers and consequences of corporate social responsibility (CSR). Design/methodology/approach This paper used a systematic literature review using research papers published on the drivers and consequence of global CSR from 2010 to 2020. Findings The findings of this paper show that the principal themes of published research articles on the drivers and consequences of CSR are internal drivers, external drivers and consequences of CSR. Publications on the drivers and consequences of global CSR have been dominated by studies that used quantitative approach and cross-sectional design. A significant number of studies also used secondary data source with most of these studies not being sensitive to sectorial influences. More importantly, this study revealed that the emphasis of CSR on actions that demonstrate social responsibility is more associated with overall financial performance and firm value when contrasted against ethical statements of social responsibility which is associated with weaker firm financial performance and outcomes. Moreover the review indicated that the level of CSR engagement and disclosure has been associated with higher share prices whereas low level of CSR disclosure in sensitive industries results in lower share prices. In addition, employees’ intention has been identified as a critical driver for CSR activities. Furthermore, it was also identified that firms engage in CSR because of internal institutional factors such as ethical corporate culture and top management commitment, whereas external drivers of CSR include socio-political factors, globalisation and environmental accountability. Practical implications CSR is an area that can be harnessed to contribute to sustainable solutions to global challenges. It also provides an added advantage of ensuring that the perpetuation of the relationship between businesses and society are more complementary. Originality/value This review is one of the few studies focussed on highlighting the drivers and consequences of global CSR. This review also provides proof of the areas of research that need attention and provides recommendation on future areas of study on the drivers and consequences of global CSR.

Challenges to corporate social responsibility adoption for sustainability: A picture fuzzy approach

“…Additional charges include the increased costs of sustainable and/or environmentally friendly production, supply chain sustainability, changing vision of staff, CSR reporting, and working to receive international certificates such as ISO 14001 and ISO 9001. ISO 9001 has specific requirements for the sustainable management of organizations, including their ability to be responsible for producing sustainable and/or environmentally friendly products and offering services that meet the needs of stakeholders, society, and themselves without causing any additional damage (Dartey‐Baah & Amoako, 2021). Indeed, this organizational process carries great costs for companies and is rather time‐consuming.…”

Gender and food security in Nigeria: the role of corporate social responsibility in the oil-producing communities

“…Most research on CSR in developing countries has either generalized about all developing countries or focused at the national rather than regional level (Ali, 2022; Aqif and Wahab, 2021; Ben and Ben, 2022; Bhatia and Makkar, 2020; Dartey-Baah and Amoako, 2021; Diers-Lawson et al , 2020). In terms of generic literature, CSR is a useful compendium, as special issues on corporate citizenship have appeared in literature (Ebaid, 2022; Fleming and Jones, 2013; Frynas, 2005; and Ikram et al , 2020).…”

Long-term orientation and corporate social responsibility in small and medium-sized enterprises: the role of strategy formation mode

“…More broadly, many of the drivers of CSR identified by past studies are likely intertwined rather than isolated from each other. Consequently, to further clarify our understanding of CSR in SMEs, recent authors highlight the need for investigating possible mediating mechanisms among the drivers of CSR (Dartey-Baah and Amoako, 2021).…”

“…Small and medium-sized enterprises (SMEs) represent the backbone of most economies (Santos, 2011). In today's dynamic and complex business environment, where society demands solutions to complex phenomena such as climate change, unemployment, migration and demographic changes (Dartey-Baah and Amoako, 2021), SMEs face the imperatives of sustainability and social responsibility, which have emerged as significant trends in business (Oduro et al , 2021). Thus, many companies have to change their systems and processes to reduce environmental impact, produce environmentally friendly products and find ways of improving the well-being of communities within which they operate (Aguilera et al , 2007).…”