Tracing stakeholder terminology then and now: Convergence and new pathways

111

Even though the link between perceived corporate social responsibility fit (PCSR‐fit) and corporate reputation has received much attention from scholars, this tradition has ignored that the underpinnings of this association vary depending on the particular characteristics of each industry under study. To delve into this matter, we investigate in the increasingly relevant context of controversial industries (CIs) how PCSR‐fit could enhance corporate reputation and which are the mediating mechanisms of this association. Our academic contribution is twofold. First, we find that controversial sectors indeed can increase corporate reputation through CSR activities. However, we find that to achieve this goal, the nature of PCSR‐fit should be different than what extant literature indicates, because companies in these settings should directly focus on avoiding or reducing their inherent controversial harm or impact. Second, we evidence that “CSR initiatives' legitimacy” and “situational skepticism” mediate the PCSR‐fit and corporate reputation relationship in CIs. Therefore, we further unravel the underpinnings of this association to advance what we know on the matter and aid practitioners in this particular context.

Section: Literature Review and Hypotheses Developmentmentioning

confidence: 99%

Be bad but (still) look good: Can controversial industries enhance corporate reputation through CSR initiatives?

Aqueveque

Rodrigo

Duran

2018

111

“…Based on the agency theory, shareholders may demand external mechanisms such as voluntary CSR disclosure (Fernández‐Feijoo et al, ; Jo, Song, & Tsang, ) in order to monitor managers’ functions and obtain greater transparency of financial or nonfinancial information. In this sense, the agency approach assigns the board the traditional role of representing the shareholders and protecting them from managers (Griffin, ). In this regard, board composition has a relevant role in the decision‐making process (Hassan, Miglietta, Paltrinieri, & Floreani, ) since it reduces agency costs and encourages CSR disclosure.…”

Section: Theoretical Frameworkmentioning

confidence: 99%

Commitment of independent and institutional women directors to corporate social responsibility reporting

Pucheta‐Martínez

Bel‐Oms

Olcina‐Sempere

2018

This paper examines how independent and institutional women directors on boards affect corporate social responsibility (hereafter CSR) reporting. Most of the previous empirical evidence has shown a linear association between female directors and CSR disclosure, but to the best of our knowledge, no research has investigated the individual effect of independent and institutional female directors on CSR reporting. Therefore, the analysis of how the disclosure of CSR information is affected by independent and institutional women directors in a separate way merits our attention. Thus, we posit that there is a nonlinear association, concretely quadratic, between independent and institutional female directors on boards and CSR reporting. Our results demonstrate that, in line with the monitoring hypothesis, as the presence of independent and institutional women directors on boards increases, the CSR disclosure improves, but when their presence on boards reaches a tipping point (20.47% and 13.32%, respectively), CSR reporting decreases, which is consistent with the collusion hypothesis. This research contributes to the existing literature on the relationship between board gender diversity and CSR disclosure by suggesting that board structures formed by institutional and independent female directors have an effect on CSR reporting. Hence, female directors play a relevant role on boards since they may influence the CSR disclosure.

“…Finally, as different authors have indicated (Griffin, ; Renouard & Ezvan, ), the analysis of how companies become involved in communities to improve human development should be promoted. These works indicate that studies about the community have become increasingly important in recent years, in line with the United Nations goals for Sustainable Development.…”

Section: Conclusion Limitations and Future Research Directionsmentioning

confidence: 99%

“…Finally, as different authors have indicated (Griffin, 2017;Renouard & Ezvan, 2018) The tables with regression analysis and the data used in this paper can be obtained in the following Zenodo community (https://zenodo.org/ communities/ccis/about/).…”

Section: Limitations and Future Research Directionsmentioning

confidence: 99%

CEO letters: Social license to operate and community involvement in the mining industry

de‐Miguel‐Molina

Chirivella-González

García‐Ortega

2018

This paper aims to analyse how the discourse of CEO letters and other factors influence community involvement and Social Licence to Operate (SLO) in the mining industry. The analysis is based on qualitative information disclosed in sustainability reports and CEO letters from 32 mining firms. Content analysis was undertaken to obtain data for the study, and then a regression analysis and a multiple correspondence analysis were used to test the hypotheses defined in the study. The results indicate that the CEO discourse influences how a firm expresses the importance of gaining its SLO, the philanthropic activities in which companies become involved and the destinations of the investments in the communities in which they operate. The results also show changes in the discourse between 2011 and 2015, which are, in part, explained by the difficult situation experienced by the sector during this period. The paper contributes to the Corporate Social Responsibility literature by integrating different theories from this field into the SLO framework. The analysis carried out and the results obtained are useful for both CEOs and Sustainability Managers, especially in managing their relationships with the communities where they operate or intend to operate.