The Impact of Symbolic and Substantive Actions on Environmental Legitimacy

Berrone, Pascual; Gelabert, Liliana; Fosfuri, Andréa

doi:10.2139/ssrn.1349063

Cited by 51 publications

(54 citation statements)

References 107 publications

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“…In addition, Berrone et al (2009) confirmed that a firm which does not run CSR maximally will not get any positive advantage of CSR on the firm performance. Madueñoa et al (2015) stated that CSR indicates a very close reciprocal relationship between firm and stakehold ers.…”

mentioning

confidence: 81%

The Effects of Corporate Social Responsibility on Manufacturing Industry Performance: The Mediating Role of Social Collaboration and Green Innovation

Handayani¹,

Wahyudi

Suharnomo

2017

Business: Theory and Practice

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the other hand, emphasized that there is no relationship between CSR and firms performance. In addition, Berrone et al. (2009) confirmed that a firm which does not run CSR maximally will not get any positive advantage of CSR on the firm performance. Madueñoa et al. (2015) stated that CSR indicates a very close reciprocal relationship between firm and stakehold ers. Therefore, the relationship of CSR can be mediated by relational capacity to improve the firm performance. The relational capacity can be done through active involvement of a community in CSR programs focusing on environmen tal issues in order to reduce negative effects of the firms' activities and, hence, are beneficial to the community. The CSR practices of manufacturing industries focusing on Abstract. Manufacturing industry contributes to environmental pollution and social cost. Hence, corporate social responsibility (CSR) functions as a way to reduce the effects of corporate activities, to increase longterm performance and stakeholder trust. To increase its effectiveness, this study analyses the mediating role of greenoriented innovation and community participation in implementing the CSR. The study uses simple random sampling to collect 173 respondents from large scale manufacturing firms in Central Java, Indonesia. By using structural equation modeling, the findings showed the significant influence of CSR to the firm performance. The originality of this study concerns the need to involve social and environmental dimensions in applying the ethical program of CSR.

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mentioning

confidence: 81%

The Effects of Corporate Social Responsibility on Manufacturing Industry Performance: The Mediating Role of Social Collaboration and Green Innovation

Handayani¹,

Wahyudi

Suharnomo

2017

Business: Theory and Practice

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“…They find that firms which adopt institutional norms gain legitimacy which lowers their unsystematic stock market risk. Berrone et al (2009) investigate organisational audiences' perceptions of corporate environmental legitimacy.…”

Section: Sociology Perspectivementioning

confidence: 99%

A conceptual framework of impression management: new insights from psychology, sociology and critical perspectives

Merkl‐Davies¹,

Brennan²

2011

Accounting and Business Research

220

156

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In this paper we develop a conceptual framework, based on the concepts of rationality and motivation, which uses theories and empirical research from psychology/behavioural finance, sociology and critical accounting to systematise, advance and challenge research on impression management. The paper focuses on research which departs from economic concepts of impression management as opportunistic managerial discretionary disclosure behaviour resulting in reporting bias or as 'cheap talk'. Using alternative rationality assumptions, such as bounded rationality, irrationality, substantive rationality and the notion of rationality as a social construct, we conceptualise impression management in alternative ways as (i) self-serving bias, (ii) symbolic management and (iii) accounting rhetoric. This contributes to an enhanced understanding of impression management in a corporate reporting context.

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“…Legitimacy is seen as a status that exists when the value system of the fi rm is congruent with the value system of the larger social system of which the fi rm is a part ( Lindblom, 1994 ). However, being legitimate is an abstract concept because of the numerous actors in the social environment, and hence, given the subjectivity of being legitimate, researchers distinguish symbolic versus substantive legitimacy ( Hybels, 1995 ;Berrone et al , 2009 ). Hybels (1995) states that:…”

Section: Legitimacy Theorymentioning

confidence: 99%

“…In appearing as a legitimate organization, a company elaborates rational plans and measures in order to satisfy institutional requirements. The main objective of symbolism is to infl uence the social perceptions of corporate activities in an attempt to obtain legitimacy ( Berrone et al , 2009 ). CVDs could be used as a dialogue between the company and the stakeholders ( Gray et al , 1995a ) to infl uence stakeholders ' perceptions on the company.…”

Section: Legitimacy Theorymentioning

confidence: 99%

The influence of the financial crisis on corporate voluntary disclosure: Some Malaysian evidence

Haji¹,

Ghazali

2011

Int J Discl Gov

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This article examines voluntary disclosure in the annual reports of 85 Malaysian companies listed on Bursa Malaysia. In departure from prior studies, which mainly examined the impact of social or environmental accidents on corporate disclosure, we examined voluntary disclosures for two years, 2006 and 2009, in an attempt to determine whether the 2007 / 08 fi nancial crisis had some impact on corporate voluntary disclosure (CVD). Drawing on proprietary costs theory, we argued that in times of fi nancial crisis companies might not have afforded the costly process of additional voluntary disclosures due to the related preparation and competitive costs. Hence, companies would have provided less voluntary information after the fi nancial crisis.On the other hand, the fi nancial crisis might have forced companies to be involved in more social activities to legitimize their existence. It could be argued that the public was in greater need during the fi nancial crisis, and hence their expectations from company contributions might have been higher. To reduce the possibility of ' legitimacy gap ' , companies may have increased their involvement in corporate social responsibility (CSR) Programs, which in turn led to increased corporate disclosure. Using a self-constructed disclosure checklist, the fi ndings of the study indicate that the extent and quality of CVDs provided in the annual reports of sample companies increased signifi cantly following the recent global fi nancial crisis. The results also reveal that based on the category of information (that is, strategic, fi nancial, CSR), CSR information was the most widely disclosed category following the fi nancial crisis. These fi ndings

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The Impact of Symbolic and Substantive Actions on Environmental Legitimacy

Cited by 51 publications

References 107 publications

The Effects of Corporate Social Responsibility on Manufacturing Industry Performance: The Mediating Role of Social Collaboration and Green Innovation

The Effects of Corporate Social Responsibility on Manufacturing Industry Performance: The Mediating Role of Social Collaboration and Green Innovation

A conceptual framework of impression management: new insights from psychology, sociology and critical perspectives

The influence of the financial crisis on corporate voluntary disclosure: Some Malaysian evidence

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