Political and Economic Arguments for Corporate Social Responsibility: Analysis and a Proposition Regarding the CSR Agenda

Weyzig, Francis

doi:10.1007/s10551-008-9855-4

Cited by 63 publications

(38 citation statements)

References 30 publications

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“…In China, the public has traditionally expected state companies such as ZZAC to be CSR providers and there are therefore fewer pressures on private companies to provide such services. But, as Weyzig [54] argues, "in the absence of stakeholder pressures, profitable CSR initiatives generally fall within the role of the private sector". As a less favored customer of Chinese banks, this is a very good strategy for private businesses to survive and they may eventually outperform the state companies.…”

Section: Discussionmentioning

confidence: 99%

Evolving Corporate Social Responsibility in China

et al. 2014

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With a unique cultural background and fast economic development, China's adoption of corporate social responsibility (CSR) has become the center of discussion worldwide, and its successful implementation will have great significance for global sustainability. This paper aims to explore how CSR has given way to economic growth in China since the start of economic transition and its cultural, historical and political background, and how this has affected or been affected by the economic performance of firms. Thus, the recent calls for China to adopt CSR in its industries follow a period where the country arguably had one of the strongest implementations of CSR approaches in the world. This transition is considered in the context of a case study of a Chinese state-owned enterprise (SOE) and a group of small private firms in the same industrial sector in Zhengzhou City, Henan Province over a time span of eight years. While the CSR of the SOE has been steadily decreasing along with the change of ownership structure, its economic performance did not improve as expected. On the other hand, with a steady improvement in economic performance, the small private firms are showing a great reluctance to engage in CSR. The results indicate that implementation of CSR in China OPEN ACCESS Sustainability 2014, 6 7647 needs both the manager's ethical awareness and the change of institutional framework. The results also raise the question as to whether CSR is a universal concept with a desired means of implementation across the developed and developing world.

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Section: Discussionmentioning

confidence: 99%

Evolving Corporate Social Responsibility in China

et al. 2014

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“…Highlighting that, despite the pressure from society for sustainable actions that meet the current market needs, it is the manager's responsibility to maintain the organization within a minimal level of profitability in which the activities are simultaneously sustainable and profitable; otherwise, the firm will be subject to failure [63]. The responsibility to create a sustainable environment within its supply chain and productive methods belongs to the organization, capable of providing the expected profit without harming the outside environment [41].…”

Section: Sustainability Practices-economic Categorymentioning

confidence: 99%

Organizational Sustainability Practices: A Study of the Firms Listed by the Corporate Sustainability Index

2018

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Organizational sustainability (OS) has been guiding the decision-making process of managers in order to generate competitive advantage. This paper aims to identify the sustainable practices performed by large corporations in the implementation of OS. Reports with actions performed by large organizations and their reach in the three pillars of sustainability-environmental, economic, and social dimensions-are disclosed to their main stakeholders, based on short, medium and long-term sustainable goals. These reports often reflect the progress of OS or the progress made toward them. However, few studies investigate the sustainable practices adopted by firms and their reproducibility. A search was performed in reports selected from the firms listed by the Corporate Sustainability Index (CSI) from 2012-2016, belonging to the Brazilian stock market in services sector of the economy and employed the Global Reporting Initiative (GRI) methodology. The results showed the strategic planning involving infrastructure, environment, human resources, product innovation, organizational management and deadline setting acted as the baseline for the implementation of the practices found. The findings will guide the managers´decisions in the development of their strategic planning, based on practical and objective results.

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“…On the other hand, companies need to look beyond a business-as-usual approach, and have a basis on concerns about the urgent actions for saving the planet. Business should not limit itself relying on a narrow CSR agenda and searching for regulatory loopholes (Gillespie 2012;Weyzig 2009;Azhar et al 2017). Moreover, rather than asking for additional protection from the state, business could contribute in publicprivate partnerships through providing material resources, managerial authority, and expertise where they excel, according to Abbott (2012).…”

Section: Business Implicationsmentioning

confidence: 99%

Friend or foe? The various responses of the Indonesian state to sustainable non-state palm oil initiatives

Pramudya

Hospes

Termeer

2018

AJSSR

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Political and Economic Arguments for Corporate Social Responsibility: Analysis and a Proposition Regarding the CSR Agenda

Abstract: broader goals, corporate social responsibility, market failures, market functioning, multinational enterprises, neo-liberal economics, social contract, stakeholder theory, welfare impact,

Cited by 63 publications

References 30 publications

Evolving Corporate Social Responsibility in China

Evolving Corporate Social Responsibility in China

Organizational Sustainability Practices: A Study of the Firms Listed by the Corporate Sustainability Index

Friend or foe? The various responses of the Indonesian state to sustainable non-state palm oil initiatives

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