The Impact of the Economic Crisis on the Corporate Social Responsibility Activities of Greek Companies

Sahinidis, Alexandros G.; Daskalaki, Dimitra; Mantzari, Elisavet; Mantzaris, Ioannis

doi:10.1007/978-981-10-4502-8_11

Cited by 8 publications

(13 citation statements)

References 33 publications

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“…The role that CSR initiatives can play during these crises was documented by a few scholars. Although some understandably perceive economic downturns as threats to organizations’ CSR activities due to severe budget cuts (Godfrey et al , 2009; McGuire et al , 1990; Manubens, 2009; Karaibrahimoglu, 2010; Stoian, 2013), others argue that they may also offer opportunities leading to the creation of sustainable competitive advantages (Sahinidis et al , 2018). More specifically, businesses that differentiate themselves by committing to pertinent stakeholders’ needs during financial crises may be able to create social value, minimize risks, and benefit from reputational gains (Sahinidis et al , 2018).…”

Section: Introductionmentioning

confidence: 99%

Determinants of corporate social responsibility disclosures of UAE national banks: a multi-perspective approach

Menassa

Dagher²

2019

SRJ

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Purpose This paper aims to examine the determinants and extent of corporate social disclosure (CSD) by UAE national banks and to investigate the changes in CSD before, during and after the latest financial crisis. Design/methodology/approach Deductive in nature, this paper uses content analysis of annual reports of 16 UAE banks over a period of six years (2006-2011) to test eight hypotheses related to size, financial performance and other variables as potential explanatory variables of the CSD extent over different periods. Findings The findings show that human resources and community disclosures exhibited the highest extent of CSD over the six years. Moreover, the size and financial performance variables appear to be significant explanatory factors for the extent of CSD. The findings also indicate a strong variation in disclosure between banks with international presence and those with no such presence, while there is no significant disclosure variation between Islamic and conventional banks or during the different periods under investigation (pre, during and post recent financial crisis). Research limitations/implications Studies allowing a greater understanding of how banks with extensive governmental ownership define and disclose CSR in this particular region of the world are scarce and exploratory in nature. Consequently, the structure of national UAE banks provides a unique opportunity to understand the CSR mechanisms and disclosure of similar institutions in the world (particularly in the Arab world). This presents an interesting direction for further research. Practical implications These findings could assist UAE bankers and policymakers in integrating CSD in their corporate strategies and help the local and international business communities in understanding the characteristics of CSD in the UAE. Originality/value Comprehensive in scope, this paper provides a complete assessment of the potential explanatory proxies of CSD by UAE local banks before, during and after the recent global financial crisis. Comparable studies of the UAE banking sector have mainly focused on particular bank types (i.e. Islamic or conventional) and did not consider the effect of the recent adverse financial climate.

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Section: Introductionmentioning

confidence: 99%

Determinants of corporate social responsibility disclosures of UAE national banks: a multi-perspective approach

Menassa

Dagher²

2019

SRJ

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“…In turn, the comparative analysis showed that cooperation and better IT tools are used to create innovation in companies of the tourism industry than in the overall respondents included business entities (Sahinidis & Kavoura, 2014).…”

Section: Measuring the Quality Level The Innovation Capacitymentioning

confidence: 99%

Identification of Instruments of the Development of Innovation of Tourism Enterprises

Kozioł

Pyrek

Wojtowicz

2016

Tourism and Culture in the Age of Innovation

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The aim of the article is to present the concept of the analysis focused on the evaluation of the innovative capacity of the company. The starting point for its assessment of the potential of innovative companies operating in the tourism industry, with regard to the innovation of the company. An important research tool to analyze the relationship between resources and abilities that shows a causal relationship between these categories. Describes the procedure for measuring the qualitative innovation capacity of enterprises. The article presents the results of empirical research on innovation 12 tourism enterprises. It was found that the key determinants of this ability are labor and managerial competence in innovation, and by working jointly with our customers in terms of knowledge, processes associated with the creation and use of knowledge and the use of IT tools. In light given their own empirical research results, as well as the predecessors research results can formulate a thesis that companies compete creation of innovation, as well as innovative capacity. The evaluation of the innovation can be useful in establishing the competitive position and strategic enterprises of the sector.

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“…Among the few serious attempts, the recent survey of Papacharalampous et al (2019) maps CSR actions amid the domestic socioeconomic crisis, from both a thematic content and strategic orientation perspective, by using a critical view of CSR disclosures of 50 Greek firms. A look at the findings of two additional studies (Sahinidis & Kavoura, 2014; Skouloudis et al, 2014) suggests that Greek firms tend to treat CSR superficially; as an optional tool of promotion based on marketing and public relations directions. Finally, in their study, Tsourvakas and Yfantidou (2018) explored the influence of CSR on employee engagement, motivation, and job satisfaction among the staff of 2 Greek firms, establishing that employees value their firm's philanthropic behavior and reward it with higher organizational commitment.…”

Section: Literature Review and Hypotheses Developmentmentioning

confidence: 99%

Perceived corporate social responsibility and affective commitment: The mediating role of psychological capital and the impact of employee participation

Papacharalampous

Papadimitriou

2021

Human Resource Dev Quarterly

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This study examines the influence of employees' perception of their employers' corporate social responsibility (CSR) on their affective commitment. Drawing on social identity theory and positive organizational behavior in the context of human resource development, the study tests the mediating effect of employees' psychological capital (PsyCap) by using the bootstrap method to estimate the significance of indirect effects. Also, it accounts for any significant group differences across participants (Ps) and non‐participants in organizational CSR programs. A cross‐sectional survey was conducted among 260 employees of 23 firms in Greece. The measurement model was tested by applying confirmatory factor analysis and the research hypotheses were empirically tested by using structural equation modeling, independent samples t‐test, and chi‐square difference test. Findings revealed a strong and positive relation between employees' CSR perception and affective commitment, which is partially mediated by PsyCap. All scores of the study's variables were found to differ significantly in favor of Ps. However, the hypothesized interactions between variables were not proven to vary significantly on account of the employees' participation in CSR. The study advances the emerging micro‐level CSR literature by estimating the importance of employees' positive perception and participation in CSR.

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The Impact of the Economic Crisis on the Corporate Social Responsibility Activities of Greek Companies

Cited by 8 publications

References 33 publications

Determinants of corporate social responsibility disclosures of UAE national banks: a multi-perspective approach

Determinants of corporate social responsibility disclosures of UAE national banks: a multi-perspective approach

Identification of Instruments of the Development of Innovation of Tourism Enterprises

Perceived corporate social responsibility and affective commitment: The mediating role of psychological capital and the impact of employee participation

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