The Effect of Corporate Social Responsibility on Firm Value -The Comparative Study of Korea and China-

Yang, Hap; Kim, Yeo-hwan; Park, Joon-ryong

doi:10.22558/jieb.2020.4.33.2.571

Cited by 1 publication

(4 citation statements)

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“…Larger firms are more mature than smaller ones, and thus more likely to adopt CSR activities, which will ultimately contribute to their growth (Akram et al, 2020). Compared to private firms, SOEs have greater ties with governments, they assume more responsibilities and receive preferential treatment from the government (Tang and Yang, 2016). In addition, firms with high levels of shareholder-related CSR are likely to actively engage in innovative activities to improve their profitability.…”

Section: Csr Configurationmentioning

confidence: 99%

“…Zhao et al (2016) pointed out that construction contractors should pay more attention to the interests of shareholders, emphasizing their commitment to increase "shareholder value" and "transparency and dialogue with shareholders". This result is partly due to the fact that CSR activity is still at a nascent stage in China; even though companies have started to recognize their responsibilities toward other stakeholders, such as social stakeholders and employees, traditional shareholder-related CSR still dominates (Tang and Yang, 2016). In addition to paying attention to the shareholder-related CSR, the research results show that SOEs pay more attention to the fulfillment of social-related CSR, while private enterprises pay more attention to the employee-related CSR.…”

Section: Csr Configurationmentioning

confidence: 99%

Section: Theoretical Developmentmentioning

confidence: 99%

“…Moreover, due to state ownership, SOEs have an inherent link with the government. When the government conducts macro-control, the preferred target is often the SOE (Tang and Yang, 2016). Xie et al (2020a) pointed out that China's state-owned construction and private construction enterprises have different focuses on CSR practice.…”

Section: Introductionmentioning

confidence: 99%

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Multiple paths to enhancing the resilience of project-based organizations from the perspective of CSR configuration: evidence from the Chinese construction industry

Liu

2022

ECAM

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PurposeThe role of corporate social responsibility (CSR) fulfillment is critical when building resilience of project-based organizations (PBOs). However, fulfilling CSR to build a highly resilient PBO remains a black box problem. This study explores the different CSR combinations that enhance PBO resilience.Design/methodology/approachThis study defines CSR in terms of shareholder, employee, and social CSR, and analyzes corporate characteristics in terms of corporate scale and nature. Data are collected from Hexun.com and the China Stock Market and Accounting Research Database (CSMAR). The qualitative comparative analysis (QCA) method is used to analyze 48 listed construction and engineering companies from China to explore the CSR configurations for PBOs in enhancing organizational resilience.FindingsA large firm size is a necessary condition for high organizational resilience. We find six paths to build high and non-high resilience in PBOs, and the driving mechanisms of high and non-high resilience exhibit an asymmetric relationship.Research limitations/implicationsThis study cracks the black box of CSR fulfillment and PBO resilience. It reveals the CSR configurations that enhance or inhibit the resilience of PBOs. It also provides scientific basis for PBOs in their fulfillment of CSR in response to crises, and the enhancement of organizational resilience. Future research can be expanded to other industries, as the study sample is only limited to civil engineering construction companies. Since this study uses cross-sectional data, time series can be introduced in the future to further explore the relationship between CSR and organizational resilience.Practical implicationsThis study provides targeted suggestions that can help decision-makers of construction companies to determine how they can fulfill CSR to enhance organizational resilience. At the same time, it can provide intellectual support for PBOs to cope with systemic crises and promote the fulfillment of CSR.Originality/valueIn terms of theoretical value, on the one hand, this study verifies the relationship between CSR fulfillment and PBO resilience, revealing its mechanism of action and multiple paths; on the other hand, it provides a new way of thinking for management research methods and enriches the theoretical study of organizational resilience.

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Section: Csr Configurationmentioning

confidence: 99%

Section: Csr Configurationmentioning

confidence: 99%