Achieving legitimacy through corporate social responsibility: The case of emerging economy firms

In the new economic scenario, characterized by a rapidly changing environment, companies are pushed into seeking new responses in order to survive and succeed. Companies are looking for new activities to improve their economic performance. Furthermore, these activities have been focused on innovation and/or socially responsible aspects. This paper analyzes the relationship between corporate social responsibility (CSR), innovation and its effect on performance. Especially, it shows if innovation has a fundamental role in the development of socially responsible practices or if social issues are responsible for practices that lead to greater innovation and, consequently, to greater performance. Data were collected from a sample of 121 Spanish wineries. The results show that CSR and innovation act as a mediator depending on the measurement of performance used. CSR, specifically, acts as a mediator between innovation and objective performance. However, managers perceive that the relationship between CSR and performance improves through innovation activities.

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“…Source: Farooq and Jasimuddin (2014), Herrera et al (2016) and Zheng et al (2015) 4.1 | Measurement model…”

Section: Csr21mentioning

confidence: 99%

The role of sustainable development and innovation on firm performance

Guerrero‐Villegas

García

Palacios‐Florencio

2018

Corp Soc Responsibility Env

125

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“…A renewed interest in corporate citizenship has emerged as nation states have been unable to meet social needs as globalization and its associated deregulation and market externalities have grown. As a result, businesses are increasingly called on to take on a more active social role in the communities, local and global, where they operate [6][7][8]. Integrative theories address how corporations integrate social demands and values into their business, recognizing that businesses are dependent on society in order to exist and grow.…”

Section: Corporate Social Responsibility and The New Context Of Businessmentioning

confidence: 99%

Corporate Social Responsibility and Population Health

Macassa¹,

Francisco²,

McGrath³

2017

Health Sci J

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In recent decades, corporate social responsibility (CSR) as part of socially sustainable business organizations operations has become a common practice across developed and developing countries. The objective of this mini review is to reflect on the potential role that CSR might have on the health of stakeholders (employees and society in general). We suggest that there is an opportunity for business to become agents of change and contribute to improved population health. Therefore, public health researchers need to explore how business organizations can, through CSR impact population health currently and in years to come. This would occur through helping to address global challenges in the workplace and immediate local communities, but above all through identifying the role businesses play in contributing to sustainable development and sustainable population health/health promotion across entire societies regardless of their stage of economic development.

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“…Chinese firms were found to emphasize philanthropy with external stakeholders and stress CS when seeking legitimacy from internal stakeholders (Zheng et al, 2014). On the other hand, foreign-owned firms appear to perform financially better than domestic firms, which might result from more proactive environmental strategies, e.g.…”

Section: Introductionmentioning

confidence: 99%

Managerial Views of Corporate Impacts and Dependencies on Ecosystem Services: A Case of International and Domestic Forestry Companies in China

D'amato

Wan

et al. 2016

J Bus Ethics

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This study investigates managerial views of corporate sustainability under the ecosystem services perspective, which is emerging as a key paradigm worldwide for environmental management and policy making. We analyse interviews conducted with 20 managers from domestic and international forestry companies operating with a plantation-based business model in China. Content analysis was employed to analyse the data, with a focus on four key areas: 1) interviewee familiarity with the ecosystem services concept; 2) their views of corporate dependencies and impacts on ecosystem services; 3) related business risks and opportunities; and 4) viability of existing instruments and practices that can be employed in detecting and addressing business impacts and dependencies on ecosystem services. Based on our empirical findings, we further refined a conceptual framework of the impact-dependency-response process between enterprises and ecosystems services. This framework holds broader operational value for developing company response strategies to ecosystem services impact/dependence assessment, ensuring that all issues are addressed comprehensively, and that related risks and opportunities are properly acknowledged.

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Achieving legitimacy through corporate social responsibility: The case of emerging economy firms

Cited by 159 publications

References 69 publications

The role of sustainable development and innovation on firm performance

The role of sustainable development and innovation on firm performance

Corporate Social Responsibility and Population Health

Managerial Views of Corporate Impacts and Dependencies on Ecosystem Services: A Case of International and Domestic Forestry Companies in China

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