The Incidence of Social Responsibility in the Adoption of Business Practices

Abstract

Corporate social responsibility (CSR) policies are evidenced by adopting socially relevant business practices for people, communities, companies, and related institutions. Based on this conception, the present work determines the incidence of ethics and CSR on practices regarding diversity, environment, and community of Chilean companies. The method, applied to a sample of 3179 Chilean companies, was descriptive and correlational. Results demonstrate an incipient level of standardization in the adoption of social responsibility practices. The dimension regarding diversity presented a higher cumulative correlation coefficient, which could lead to a change in CSR practices. It is concluded that the collective impact of the ethics and CSR policies was positive and significant in the adoption of practices related to diversity, environment, and community.

Struggling With Business Corporate Cynical Impression? Powerful Methods of CSR to Enhance Corporate Image and Consumer Purchase Intention

“…Many studies claim that companies are realizing that generating funds requires an ethical foundation (41,42). Hence, ethical CSR is a powerful tool of differentiation and offers various benefits to companies, such as advocacy, purchase intentions, consumer loyalty, and building a positive corporate image (43)(44)(45). Based on the above discussion, we can propose our hypothesis as follows.…”

“…Ethical responsibility is identified by minimization of risk and internal control system that can lead to the offering of products that are beneficial for consumers. Related works of literature have asserted the impact of unethical CSR and ethical CSR on the corporate image and found that ethical CSR enhances corporate image significantly (29,43,48). Philanthropic CSR corresponds to improving the quality of life for society as a whole by donating the resources of a company, facilities, and time to the community of an employee for free.…”

Corporate Social Responsibility Strategies in Spanish Electric Cooperatives. Analysis of Stakeholder Engagement

“…The integrated communication strategies of electric cooperatives contribute to building trust and credibility with stakeholders. Authors such as Dopazo-Fraguío [68]; Orozco-Toro and Ferré-Pavia [69]; Falcón Pérez [24]; and Arenas-Torres, Bustamante-Ubilla, and Campos-Troncoso [70] have analyzed, from a multidisciplinary perspective, different relational processes to manage dialogue, commitment, and co-orientation between organizations and stakeholders through CSR, from the perspective of stakeholder theory, circular economy theory, and network theory [30,71,72]. Following the implementation of standardized reporting monitoring models, CSR strategies should respond to the corporative goals defined in the different stages of the Value Curve.…”

“…The consubstantial level, which is governed by the principles of cooperative and sustainable governance, has a direct impact on the contextual level through the cooperative fund for social actions in the local community. Campos-Troncoso [70] have analyzed, from a multidisciplinary perspective, different relational processes to manage dialogue, commitment, and co-orientation between organizations and stakeholders through CSR, from the perspective of stakeholder theory, circular economy theory, and network theory [30,71,72]. Following the implementation of standardized reporting monitoring models, CSR strategies should respond to the corporative goals defined in the different stages of the Value Curve.…”

Socially Responsible HR in Action: Learning from Corporations Listed on the Dow Jones Sustainability Index World 2018/2019

“…With these two foci, CSR embodies ethics of justice and care [28], helps employees find meaningfulness through work [29], and guides organizations to concrete actions as a responsible corporate citizen [30]. Some take a step toward CSR by making donations and engaging in philanthropic activities; others work on embedding the spirit in their culture; some even endeavor to link business strategies with CSR, and vice versa, as a method to pursue both their competitive advantage and community contributions [31].…”