Integrated Approaches for Business Sustainability: The Perspective of Corporate Social Responsibility

Abstract

Although many companies are aware of the importance of sustainability and CSR, they still focus on profits without considering sustainable development. This study explores the relationships among corporate social responsibility (CSR), corporate reputation (CR) and corporate financial performance (CFP), by testing the mediating effect of CFP and constructing an integrated sustainability model based on the CSR perspective and stakeholder theory. Although many recent studies have investigated CSR using structural equation modeling to test the relationships among the three variables, measuring this mediation effect is quite rare in the literature. We use Reputation Institute as a secondary data source of CSR and CR and collect data for the period 2011-2017 on 39 companies in 15 countries (i.e., 273 observations). Firm size, sales growth rate, interest coverage ratio, age and industry are the control variables. Our results show that CR positively affects CFP and CSR. Furthermore, we find integrated approaches for business sustainability, revealing that CFP enhances CSR and also that it has a mediating effect on the relationship between CR and CSR.

Bibliometric Review of the Knowledge Base on Healthcare Management for Sustainability, 1994–2018

“…We therefore urge scholars to prioritize research on sustainability in healthcare management in developing countries. Relevant concepts that can be applied in this research includes stakeholder theory [85,86], corporate social responsibility (CSR) [87], corporate shared value [88], green supply chain management [89,90], a sustainable development philosophy initiated by the King Rama IX of Thailand, called, Sufficiency Economy Philosophy (SEP) [91] and learning theory [92].…”

CSR Strategic Approach, Financial Resources and Corporate Social Performance: The Mediating Effect of Innovation

“…In particular, the analysis points out that the role of innovation, although partial, is important in terms of mediation between CFP and CSP. Innovation activities could be considered strategic management efforts geared towards catalyzing firms' resources to achieve higher sustainable-shared value, activating and sustaining a virtuous cycle between CFP and CSP [16,74,75]. Therefore, managers have a strong indication to invest resources in a manner that increases their likelihood to improve CSP in the long term.…”

The Role of Earth Observation Satellites in Maximizing Renewable Energy Production: Case Studies Analysis for Renewable Power Plants

“…Another aspect for policy makers to consider is looking at the financial issues that might prevent investment decisions. In this perspective, enhancing the green finance-i.e., the financing of investments that provide environmental benefits in the broader context of environmentally sustainable development [35]-may significantly contribute to guaranteeing capital flow in renewable energy sectors [36] so as to enhance the sustainability of the overall financial system [37] as well as to improve corporate planning strategies [38].…”