Strategic CSR Assets within SMEs: A Comparative Case Study

Bonneveux, Élise; Calmé, Isabelle; Soparnot, Richard

doi:10.5539/ibr.v5n7p38

Cited by 7 publications

(5 citation statements)

References 26 publications

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“…Aragon et al [32] concluded that the heterogeneity of CSR programs among SMEs comes not only from the owner-manager's personal values and economic situation, but also from the different combinations of internal and external stakeholder groups. In particular, smaller businesses tend to have more internal stakeholders [40,41]. The tolerance of SMEs reported by Chrisman and Fry [28] and Van Auken and Ireland [33] was based on SME's resource scarcity and minimal influence on society, which may be dependent on the size of the company.…”

Section: Literature Review and Hypothesis Developmentmentioning

confidence: 99%

Small and Medium Enterprises and the Relation between Social Performance and Financial Performance: Empirical Evidence from Korea

2018

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Most studies on the relationship between corporate social performance (CSP) and corporate financial performance (CFP) have focused on large enterprises and archival tests for SMEs have been relatively few. There is a need for SME studies that are comparable to the research on large enterprises. In this study, we tested the CSP-CFP relationship of SMEs in Korea using a massive archival database. Although common theories on corporate social responsibility (CSR) in SMEs describe SMEs as non-strategic performers, we found a strong positive relationship between CSP-CFP for the larger or hi-tech SMEs. Therefore, some SMEs are similar to multinational companies in that they approach CSR effectively. This study makes a contribution to the literature on both CSR and SMEs because it empirically demonstrates the heterogeneity of SMEs and it presents a CSR-SME study that is methodologically comparable to the research on big corporations.

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Section: Literature Review and Hypothesis Developmentmentioning

confidence: 99%

Small and Medium Enterprises and the Relation between Social Performance and Financial Performance: Empirical Evidence from Korea

2018

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“…Moreover, larger companies may generally have a higher CSR budget as compared to their smaller counterparts. This means that CSR expenditures have to be scaled by a particular firm-specific criterion, like the firm’s sales or the firm’s assets (Jasmand et al , 2012; Cui et al , 2015) or CSR expenditure as a proportion of total assets (Bonneveux et al , 2012; Jiraporn and Chintrakarn, 2013).…”

Section: Research Methods Data Description and Data Diagnosticsmentioning

confidence: 99%

Social expenditure, business responsibility reporting score and firm performance: empirical evidence from India

Bhatnagar

Bhullar

2023

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Purpose The purpose of this study is to examine the impact of corporate social responsibility (CSR) expenditure and business responsibility report (BRR) on a firm’s financial performance. Additionally, the study explores whether CSR expenditure and firm performance are related linearly or otherwise. The study also assesses the influence of mandating CSR expenditure on a firm’s performance. Design/methodology/approach The study is set in India and uses a nine-year data set from 165 companies listed on the Bombay Stock Exchange. Data compilation and analysis are done by using content analysis and panel data regressions. Findings The main findings of the study are that the effect of CSR expenditure on firm performance in India is non-linear and can be characterized as parabolic for investigated firms. While some performance indicators suggest a U-shaped relationship, others show an inverted U-type pattern, making a definitive conclusion elusive in either direction. BRR scores themselves have a positive impact on firm performance. Mandatory CSR expenditure affects the financial performance negatively, but the market performance improves in general. Originality/value The study provides new insights on the relationship between CSR expenditure, BRR scores and firm performance from India, which is not only a notable emerging market but also has other gripping characteristics. It has a prolific history of philanthropy, and yet, it is the first country in the world to mandate CSR expenditure in recent times. The equation between reported economic progress and general quality of life remains intriguing, and yet the number of studies on the effects of CSR expenditure on firm performance are no match to the volume of ongoing and completed works in more developed markets. This study attempts to trim the gap and provide some useful insights for managers, policymakers and stakeholders, apart from prompting further research.

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“…Indeed, CSR initiatives in SMEs are limited by their lack of managerial time, financial resources, skills, and knowledge (Graafland, Noorderhaven, 2020). Scholars have however recognized that a wide variety of CSR strategies actually exists within SMEs (Bonneveux et al, 2012) and that SMEs are even more likely to adopt socially responsible behavior than large firms (Lepoutre, Heene, 2006). CSR strategies have thus been adopted by a growing number of SMEs (Gallardo-Vázquez et al, 2019), and scholars have recently been interested in how SMEs can benefit from CSR (Gallardo-Vázquez et al, 2019;Hadj, 2020;Stoian, Gilman, 2017).…”

Section: The Csr-innovation Relationship In Smesmentioning

confidence: 99%

Corporate Social Responsibility: A Driving Force for Exploration and Exploitation in SMEs?

Bérard¹,

Szostak²,

Abdesselam³

2022

Journal of Innovation Economics &Amp; Management

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Strategic CSR Assets within SMEs: A Comparative Case Study

Cited by 7 publications

References 26 publications

Small and Medium Enterprises and the Relation between Social Performance and Financial Performance: Empirical Evidence from Korea

Small and Medium Enterprises and the Relation between Social Performance and Financial Performance: Empirical Evidence from Korea

Social expenditure, business responsibility reporting score and firm performance: empirical evidence from India

Corporate Social Responsibility: A Driving Force for Exploration and Exploitation in SMEs?

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