• The Journal of Asian Finance, Economics and Business
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• 제7권11호
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• pp.259-268
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• 2020

Several studies demonstrate that Corporate Social Responsibility (CSR) is becoming a dominant issue in both research and companies' management due to stakeholders' pressure. The identification of internal and external drivers and barriers is an initial stage of the corporate social responsibility implementation. The study aims to identify and analyze the drivers and barriers of CSR in Saudi Arabia's private organizations. For this purpose, primary data were collected using a survey questionnaire that was administered to a representative sample of companies from different sectors in Saudi Arabia. The results show that the main drivers behind the adoption of CSR among Saudi companies are improvement of corporate image, ethical/moral commitment, and to some extend customers' requirements and risk management. The findings of this study also suggest that there are important barriers hindering the adoption of corporate social responsibility. Among these, the lack of management commitment and the lack of investors' interests together with the lack of economic resources and lack of employees' competencies are the most prominent. The findings of this study not only contribute to a deeper understanding of CSR drivers and barriers, but could also encourage firms' managers and stakeholders to improve CSR activities for more effective implementation.

• The Journal of Asian Finance, Economics and Business
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• 제8권3호
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• pp.479-485
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• 2021

Although corporate social responsibility (CSR) is an extensively studied topic, its determinants in the field of Islamic banking are scarce. In Bangladesh, CSR plays a vital role in gaining customer loyalty and confidence. Therefore, this research aims to identify and analyze the influence of the Shariah Supervisory Board (SSB) and the Shariah Audit Committee (SAC) on CSR adoption in Islamic banks in Bangladesh. The study population is managers and second managers of 160 Islamic bank branches of different commercial banks in Dhaka, Bangladesh. The sampling technique used is convenience sampling where the first available primary data source was used for the research without additional requirements. The study developed a survey questionnaire from examining previous related studies in Islamic banking and CSR context. The final sample size in this research was n = 309, indicating the survey response rate was about 97%. The study used SPSS 23.0 software to interpret the statistical findings, and the findings revealed that support from the SSB and the presence of a strong and effective SAC has a strong correlation with CSR adoption and significantly influence CSR adoption in Islamic banks in Bangladesh. Finally, the study proposes several significant and crucial policy guidelines for Islamic bank branches to adopt CSR activities.

• 아태비즈니스연구
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• 제14권3호
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• pp.17-24
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• 2023

Purpose - The objective of this research is to investigate how lowering labor market frictions for female workers affects corporate social responsibility (CSR). Design/methodology/approach - We utilize the staggered adoption of state-level Paid Family Leave (PFL) acts in the U.S. These acts provide significant flexibility for female employees by mandating paid leave for a family or medical events. Our study is based on a sample of 30,027 publicly traded firms in the U.S. from 1991 to 2012. We employ a difference-in-differences research design, considering treated firms as those headquartered in states that enacted PFL laws. Findings - We find that there is a significant increase in the firms' CSR performance following the adoption of the PFL, suggesting that lowering the labor market frictions for female workers encourages firms to invest in CSR initiatives. Research implications or Originality - This study informs policy makers that PFL enables firms to reduce costly employee turnover and results in an increase in CSR performance.

• The Journal of Asian Finance, Economics and Business
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• 제8권9호
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• pp.189-199
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• 2021

This study attempts to examine the relationship between corporate social responsibility (CSR) disclosure and earnings management practices in the context of Saudi Arabia after mandatory IFRS adoption. It is carried out on an unbalanced panel of 277 observations over the period 2017-2019. For this purpose, CSR disclosure is measured by Bloomberg ESG scores, while the residuals from the modified Jones model are considered for earnings management. As control variables, we have retained the firm performance, market-to-book ratio, firm size, financial leverage, board independence, ownership concentration, managerial ownership, and lagged discretionary accruals. Using the system GMM estimator in the dynamic panel, the results show a positive association between CSR disclosure and earnings management practices, thus supporting the perspective of agency theory. Managers engage in socially responsible activities beforehand to conceal their wrongdoing and convince stakeholders that the organization is transparent. They probably use ethical codes as a tool to achieve their own goals rather than the firm's goals. Our contribution is the use of recent data (2017-2019) taking into account the mandatory adoption of IFRS in Saudi Arabia. Additionally, to our knowledge, this study is the first to address CSR disclosure and earnings management practices using GMM system estimates.

• 한류연구
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• 제2권1호
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• pp.9-16
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• 2023

This study will provide an overview of the development of 'Corporate Social Responsibility' (CSR) in South Korea throughout time, as well as its sources of inspiration and recommendations. The study will also rely on the body of existing research to provide insights into the present condition of CSR in the nation and the measures launched to promote socially responsible practices in the corporate environment. As a result, it will act as a crucial dedication to comprehending corporate social responsibility within the Korean environment. According to the searching results in the literature content dataset, there has been total four historical paradigm of CSR in South Korea, such as (1) Adoption of the CSR principles, (2) Introduction of the Korean Association of Social Responsibility, (3) The Seoul Environmental Charter, (4) The Board of Audit and Inspection Intervention. Based on the results of the current study, the present author could conclude that ingrained corporate social responsibility (CSR) is in Korean business culture, which has been promoted since the 1920s. Businesses can benefit by using the guidelines offered by the CSR Promotion Act and related activities to uphold their responsibilities towards society and the environment, overviewing comprehensively CSR advancement in South Korea from the 1920s to the display day.

• The Journal of Asian Finance, Economics and Business
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• 제8권4호
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• pp.277-287
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• 2021

This article systematically reviews the adoption of total quality management (TQM) implementation and corporate social responsibility (CSR) initiatives on firm performance. A total of 233 published documents from 1996 to 2020 in international journals have been collected and listed on the SCOPUS database. It aims to fill the existing literature gap regarding TQM and CSR practices and point out a future research agenda. This study employed a systematic literature review approach to review those manuscripts related to TQM, CSR topics focused on firm performance. Consequently, the results stressed that TQM and CSR are excellent tools and have a similarity to support the firms to attain corporate sustainability; however, TQM practices have given more interest than CSR initiatives. Moreover, the results highlighted that only a few articles are interested in simultaneously combining TQM and CSR initiatives although this idea is rising in recent years. Thus, the statistical findings indicated several research gaps that remain unaddressed. It is worthy of considering TQM and CSR integration; however, other scholars need to identify the critical success factors that could enable TQM practices or barriers to CSR adoption. Particularly spending more attention on the transitional economies context, which is considering a promising future research context.

• 한국항만경제학회지
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• 제39권2호
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• pp.143-163
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• 2023

본 연구는 ESG 활동이 국내 물류기업의 기업성과에 미치는 영향을 분석하고자 한다. 이를 위해 ESG 활동을 도입하고 실행하는 데 영향을 미치는 요인을 분석하고, ESG 활동이 기업의 신뢰와 이미지를 향상시키는 정도를 파악하여 ESG 실행이 물류 기업의 기업 성과에 어떤 영향을 미치는지 실증적으로 분석하였다. 국내 물류기업 종사자를 대상으로 구글 설문지를 이용하여 온라인 설문조사를 실시하였고, 그중 총 463부의 데이터를 통해 Smart PLS 4.0 프로그램을 이용하여 PLS 구조방정식 분석을 실시하였다. 연구 결과는 다음과 같다. 첫째, 외부압력인 정부압력은 환경적 책임활동, 투자자 압력은 사회적 책임활동과 거버넌스 책임활동에 유의미한 영향을 미친다. 내부압력인 경영자는 환경적 책임활동에, 임직원은 ESG책임활동 모두에 영향을 미친다. 둘째, 환경적 책임활동은 기업이미지에 영향을 미치며, 사회적 책임활동과 거버넌스 책임활동은 신뢰와 기업 이미지 모두에게 영향을 준다. 셋째, 신뢰와 기업이미지는 재무적 성과와 비재무적 성과 모두에게 유의미한 영향을 준다. 넷째, 사회적 책임활동과 거버넌스 책임활동이 비재무적 성과에 연결되는 경로에서 신뢰는 유의미한 매개효과를 가지며, ESG 책임활동이 재무적 성과와 비재무적 성과에 연결되는 경로에서 이미지는 모두에게 유의미한 매개효과를 가진다. 본 연구의 기여는 물류 기업들이 ESG 활동을 적극적으로 추진하여 환경, 사회, 거버넌스 측면에서 책임적인 기업 이미지를 구축하고 고객들의 신뢰를 얻을 수 있는 방법에 대해 제시하고 있다는 점이다. 이를 통해 물류 업계의 ESG 활동에 대한 인식을 높이고, 지속 가능한 경영을 위한 중요성을 인식할 수 있도록 도움을 주고자 한다.

• International Journal of Quality Innovation
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• 제6권3호
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• pp.132-152
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• 2005

Today's society requires companies to act more and more effectively for the general good, by respecting human rights and the environment. Innovative and enlightened companies try to meet this need through the adoption of several initiatives. Accordingly, the International Standard Organisation is now working on attempts to unify these initiatives and to formulate an internationally recognised standard, providing guidance to companies on social responsibility. Currently the SA8000 international standard is the most often used tool-based on Corporate Social Responsibility (CSR) philosophy - which guarantees the respect of fundamental workers' rights. Since 2003, Italy holds the world record for its number of SA8000 certified companies. This paper discusses the findings of a two-stage survey of the Italian SA8000 certified companies carried out over the last two years. The focus of the survey is on both reasons and effects of the implementation of SA8000 standard. In the first stage the rate of response was very high while in the second stage it was satisfactory. The results provide a clear picture of the companies and their degree of achievement and awareness of the fundamental principles of human resource management. A section of the survey deals with some issues related to the Public Sector.

• International Journal of Internet, Broadcasting and Communication
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• 제11권4호
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• pp.59-64
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• 2019

The purpose of this research is to examine the relationship between corporate social responsibility (CSR), green supply chain management (GSCM) practices, and business performances. After reviewing the extensive literature, we developed a research model including five constructs: CSR, GSCM practices, environmental, economic and operational performances. We conducted the statistical analyses based on the primary data collected from a survey questionnaire, responded by 93 different company managers in the Republic of Guatemala. Furthermore, we utilized structural equation modeling to analyze the data and to test the hypotheses. The results of the analyses showed that there is a significant influence of CSR on the adoption of GSCM practices. It was also found that GSCM practices have a significant influence on environmental, economic and operational performances. In addition, environmental performance has a significant impact on economic and operational performance. Finally, GSCM has a mediating role on the relationship between CSR and environmental and economic performance, but not with operational performance.

• 서비스연구
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• 제8권3호
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• pp.25-35
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• 2018

기업의 사회적 책임 (CSR)을 위한 관행은 비즈니스 세계에서 경쟁우위의 원천이 되었습니다. 이에 따라 호텔 산업에서 이러한 관행의 계속적으로 증가하고 있지만, 이러한 관행과 기업의 재무적 성과 간의 관계에 관한 실증적 연구는 아직 많이 부족한 실정입니다. 따라서 이 연구의 목적은 미국 호텔 산업에서 기업의 사회적 책임의 다양한 차원의 영향이 미국 호텔산업의 재무적 성과에 미치는 영향을 확인하는데 있습니다. 이를 검증하기 위해서 본 연구는 KLD 통계 및 1991-2015년 SIC 코드를 사용하여 얻은 COMPUSTAT 데이터를 이용합니다. STATA를 이용한 OLS 회귀분석방법은 호텔의 사회적 책임이 호텔의 재무적 성과에 유의한 영향을 미친다는 것을 보여줍니다. 본 연구의 연구결과는 호텔산업의 사회적 책임에 관한 마케팅활동에 활용할 수 있는 유용한 정보를 제공하는데 의의가 있습니다.