Shareholder value versus stakeholder values: CSR and financialization in global food firms

Jones, Bryn; Nisbet, Peter

doi:10.1093/ser/mwq033

Cited by 39 publications

(25 citation statements)

References 22 publications

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“…CSR, understood as the business practices and commitments with a view toward sustainability, shows widespread behavior patterns worldwide, whose development and evolution vary substantially according to the institutional pressures that characterize the environment in which the companies operate (Amor‐Esteban et al, ; Esteban et al, ; Jones & Nisbet, ). These evolutionary differences of CSR are due to the fact that the institutional environment in which the firm operates establishes a series of opportunities and barriers around these business decisions associated with the specific expectations of the actors and the current standards of behavior in the society in which it acts (Campbell, ).…”

Section: Theoretical Frameworkmentioning

confidence: 99%

An extension of the industrial corporate social responsibility practices index: New information for stakeholder engagement under a multivariate approach

Amor‐Esteban

Galindo‐Villardón

García‐Sánchez

et al. 2018

Corp Soc Responsibility Env

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The aim of this paper is to extend the Industrial Corporate Social Responsibility Practices Index proposed for the 10 main industries in the 39 sectors of activity that comprise them. This extension will provide more detailed information on CSR practices at the industrial level, especially about sustainable development and environmental concerns. In addition, this paper stablishes an aggregate measure of industrial classification and mimetic typologies. It will tabulate the overall impact that the economic activity of a company has on society and environment. Thereby, the relationships between these indicators and the mimetic institutional forces are studied, testing these forces indicate that companies from sectors considered to have greater impact/risk have higher corporate social responsibility (CSR) scores than companies from other sectors. Additionally, using the MetaBiplot statistical multivariate technique, which by the comparison and integration of several subspaces provides a global view of sustainability at a sectoral level, it was found that the most polluting companies with the highest environmental risks-forestry and paper, mining, oil and gas producers, gas, water, and multi-utilities, tobacco and electricity sectors-show their predilection for environmental policies and reports, human rights, and stakeholder participation. Moreover, the less polluting companies-banks, insurance, media, telecommunications, real state, and general retailers-are more intensive on staff and implement policies aimed at favoring: the personal and work-life balance with systems for employee training and promotion; the equal opportunities and participation; the maintenance of good customer and supplier relations; and the fight to counteract bribery.

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Section: Theoretical Frameworkmentioning

confidence: 99%

An extension of the industrial corporate social responsibility practices index: New information for stakeholder engagement under a multivariate approach

Amor‐Esteban

Galindo‐Villardón

García‐Sánchez

et al. 2018

Corp Soc Responsibility Env

View full text Add to dashboard Cite

show abstract

“…Ahlstrand, 2010;McMahon, 1999). Thus, corporate social responsibility may be a business strategy for reducing the effect of reputational damage on the corporate brand image (Jones & Nisbet, 2011). The review also reveals other ways of perceiving power relations.…”

Section: Csr Power and Reputationmentioning

confidence: 99%

“…However, business strategies of companies that are not assuming social responsibility are also made visible. Business strategies shaped by the financialized approach to shareholder value means a mismatch between treating CSR as a business strategy and, on the other hand, employees as stakeholders (Jones & Nisbet, 2011). In these cases, the corporate brand image and reputation are prioritized instead of trying to achieve long-term sustainable operations and stakeholder partnerships, according to Jones and Nispet.…”

Section: Csr and Business Strategymentioning

confidence: 99%

Corporate Social Responsibility in Connection with Business Closures and Downsizing: A Literature Review

Ahlstrand

Rydell

2017

CMR

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The aim of this paper was to review the research on corporate social responsibility (CSR) in connection with business closures and downsizing to identify gaps in our knowledge. The study consisted of a systematic review of 24 refereed articles. The review identified four themes in the literature on CSR in connection with business closure and downsizing, namely CSR, transition programs and the local community; CSR and business strategy; CSR, power and reputation; and lastly, other articles on CSR in connection with business closures and downsizing. The review revealed a lack of understanding of the reasons, outcomes and methodology of CSR development in connection with business closures and downsizing.

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“…Based on this perspective, Jones & Nisbet (2011) emphasized that business is under pressure from their stakeholders to report its CSR activities because these parties want to protect their long term interests in the firm. Thus, reporting firm's CSR activities is a major element that can be engaged by the firm to manage the stakeholder in order to gain their support and approval.…”

Section: How Do Firms Benefit?mentioning

confidence: 99%

Incorporating Role of Stakeholders into Corporate CSR Strategy For Sustainable Growth: An Exploratory Study

2017

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In today's modern day context, Corporate Social Responsibility (CSR) become the mantra for businesses as it can be seen as a strategic approach for firms to be succeed in their business endeavours. Hence, it remains the most widely used concept to refer to organizationalstakeholder relationships. An understanding about a stakeholder approach to CSR is an important means for a firm to enhance their commitment to operate in an economically, socially and environmentally sustainable manner. In support with above arguments, this article presents a theoretical proposition based on stakeholder theory for better CSR and firm performance. By drawing upon classic work in the field, the paper offers conceptual discussion and then systematically develops a means of stakeholder approach into corporate CSR strategy. The aim of this paper is to demonstrates the need for a firm to enhance further understanding about the role of stakeholders in the context of corporate CSR strategy, which is increasingly necessary in view of the fact that business entities are absolutely essential for economic development, but at the same time, their business activities pose a huge impact to society and the environment. Thus, firm's CSR disclosure is a pivotal tool to establish a relationship of working together with the stakeholders that ensures mutual benefit and continue to be a firm that is needed by society. This article contributes to the literature by providing a fundamental explanation of how a business should embrace responsibility for the impact of its activities on the stakeholders across various levels of the value chain. By doing so, firms are offered a means to take a much more proactive approach to CSR through the stakeholder approach which is precisely helpful in measuring the effectiveness of any CSR initiative on the society to foster business sustainability.

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Shareholder value versus stakeholder values: CSR and financialization in global food firms

Cited by 39 publications

References 22 publications

An extension of the industrial corporate social responsibility practices index: New information for stakeholder engagement under a multivariate approach

An extension of the industrial corporate social responsibility practices index: New information for stakeholder engagement under a multivariate approach

Corporate Social Responsibility in Connection with Business Closures and Downsizing: A Literature Review

Incorporating Role of Stakeholders into Corporate CSR Strategy For Sustainable Growth: An Exploratory Study

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