Private sector firms, social responsibility and poverty reduction

Hipsher, Scott A.

doi:10.1108/asr-10-2015-0011

Cited by 6 publications

(7 citation statements)

References 43 publications

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“…Research conducted by Dwumfour, Agbloyor, & Abor (2017) Meanwhile in Cambodia, private sector activities that not only pursue profit but also include poverty reduction in their business objectives make the private sector play an effective role in poverty reduction (Hipsher, 2016). This can be done through the innovative creation of win-win business practices and the strategic plans of international companies to trade in countries with less developed economies.…”

Section: Resultsmentioning

confidence: 99%

Poverty Reduction and Financial Literacy for Women in Indonesia

Arini¹,

Widaningrum²,

Hadna³

2020

Proceedings of the Annual Conference of Indonesian Association for Public Administration (IAPA 2019)

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This article aims to discuss financial literacy as an integral part of poverty alleviation programs through women's economic participation. Financial literacy is a supporter in increasing economic participation. Financial literacy is a set of information that refers to an individual's ability to effectively assess and decide the use and management of money. The method used in this study is a literature review of several articles related to the research topic as well as other report documents and relevant case studies. Economic participation is a medium for women in an effort to reduce poverty in the economic sector. Women have an important role in the poverty reduction agenda through economic participation. Women's economic participation will not function properly without good financial literacy. In other words, financial literacy strongly supports women's economic participation because in the knowledge of such participation, the use and management of finances is very much needed. In Indonesia, financial literacy has only reached 38%, and the level of community economic participation is demonstrated through the labor force participation rate of more or less 50%. However, women's financial literacy is reportedly still low, reaching only 25%. This has implications for the achievement of women's economic participation, which is also below the standard, only reaching 36.62%. Thus, financial literacy for women is an alternative public policy for poverty reduction programs.

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Section: Resultsmentioning

confidence: 99%

Poverty Reduction and Financial Literacy for Women in Indonesia

Arini¹,

Widaningrum²,

Hadna³

2020

Proceedings of the Annual Conference of Indonesian Association for Public Administration (IAPA 2019)

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“…Poverty is a multidimensional phenomenon, which results in many definitions, with absolute poverty and relative poverty as the most important concepts. Absolute poverty is observed when an individual faces severe negative outcomes due to their living in some subsistence communities, such as reduced life expectancy or high infant mortality rate (Hipsher, 2016). This kind of poverty is often measured in income per day (Brauw de, Suryanarayana, 2015;Hipsher, 2016), and the level of extreme poverty line in 2022 was $1.9 per day according to the World Bank 2 .…”

Section: Poverty Reductionmentioning

confidence: 99%

“…Absolute poverty is observed when an individual faces severe negative outcomes due to their living in some subsistence communities, such as reduced life expectancy or high infant mortality rate (Hipsher, 2016). This kind of poverty is often measured in income per day (Brauw de, Suryanarayana, 2015;Hipsher, 2016), and the level of extreme poverty line in 2022 was $1.9 per day according to the World Bank 2 . The World Bank data shows that over 650 million people were living in absolute poverty in 2018 3 .…”

Section: Poverty Reductionmentioning

confidence: 99%

Sustainability. E-book for students

Pierański,

Borusiak,

Brozović

et al. 2023

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The subchapter deals with the theoretical and political roots of the sustainability concept and its changes over time. It identifies four main directions of theoretical, political, and business practice, whereby the relationship between economic growth and its environmental and socio-economic consequences were first identified, then gradually transformed into approaches focused on critical issues in the present. Each of these roots has some links to how economic and political thinking developed from the 1960s to the first decades of the 21st century and reflects the changing environment and approaches to their solution. The subchapter also points out that the actual result of these efforts has not yet been sufficiently reflected in most political and economic practice, despite many declaratory political acts.

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“…Yet the indirect effects of business activities, even when driven solely by the desire for profits, have proven to be the most effective tools societies have in reducing poverty and achieving the other benefits which come from higher standards of living. It has been proposed, MNEs and other private sector actors could achieve even better results if poverty reduction through creating wealth and increased economic opportunities were strategic goals found in their CSR programs (Hipsher, 2016(Hipsher, , 2020. Making a conscious effort to seek business opportunities in regions of the world where poverty is widespread and where there are currently few economic opportunities might be an effective CSR objective, if accepted as being ethical by the general public.…”

Section: Lessons Learned and Recommendationsmentioning

confidence: 99%

“…Gwartney et al, 2018;Kobrin, 2019;Miller et al, 2019). An alternative narrative, the wealth creation approach, where firms are encouraged to engage in business activities in regions of the world where poverty is widespread, might be especially appropriate for use in CSR programs in attempts to reduce extreme poverty in the post pandemic environment (Hipsher, 2016(Hipsher, , 2018(Hipsher, , 2020. It has been found, "Greater access to markets, and not more aid and assistance targeted at development, is the best means of permanently lifting the poorest people from the lowest depths of poverty" (Coyne, 2013, p. 25).…”

Section: Wealth Creation Approach To Corporate Social Responsibilitymentioning

confidence: 99%

The role of trade narratives in poverty reduction after the COVID-19 crisis

Hipsher

2021

REPS

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Purpose This paper aims to explore different possible economic narratives concerning trade, which may emerge based on lessons learned from the COVID-19 crisis and likely effects of these differing narratives would have on global poverty reduction. Design/methodology/approach This is a conceptual paper based on original analysis of selected literature. Findings The global response to the COVID-19 crisis of severely restricting international travel and business operations has been accompanied by slowing economic growth and increased levels of global poverty. Due to the nature of the crisis, it is not currently clear, even with hindsight, whether the measures taken have produced more benefits than problems. However, the pace and direction of the economic recovery and the effect on future levels of global poverty will likely depend to some extent on which narratives go viral and become accepted. Social implications Members of academia as well as others have a role to play in creating and spreading narratives about economic activities and focusing on narratives, which do not ignore the plight of the global poor in the aftermath of the current crisis might have a positive effect on the living standards of the hundreds of millions of people living in poverty who have been affected by the current global economic slowdown. Originality/value The paper uniquely links ideas associated with behavioral economics, international business theories and empirical evidence with reducing poverty as we move past the COVID-19 crisis.

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Private sector firms, social responsibility and poverty reduction

Cited by 6 publications

References 43 publications

Poverty Reduction and Financial Literacy for Women in Indonesia

Poverty Reduction and Financial Literacy for Women in Indonesia

Sustainability. E-book for students

The role of trade narratives in poverty reduction after the COVID-19 crisis

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