Basics of macro to <scp>microlevel</scp> corporate social responsibility and advancement in triple bottom line theory

Farooq, Qamar; Fu, Peng; Li, Xuan; Hao, Yunhong

doi:10.1002/csr.2069

Cited by 33 publications

(17 citation statements)

References 81 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Going back to the TBL theory (Elkington, 1997), companies contributing to a sustainable development are those achieving economic, social, and environmental objectives simultaneously (Hart et al, 2003). The TBL theory has been conceptualized as a win–win–win strategy that benefits people, planet, and profits (Farooq et al, 2021). But John Elkington, who coined the TBL management concept in 1994, “recalled it” in an HBR article (Elkington, 2018) stating that it has been used with “a trade‐off mentality” in which business decision‐makers complacently agree to address only some of the dimensions of the TBL.…”

Section: Literature Frameworkmentioning

confidence: 99%

The environmental performance of UK‐based B Corp companies: An analysis based on the triple bottom line approach

Liute

Giacomo

2021

Bus Strat Env

View full text Add to dashboard Cite

The B Corp certification recognizes high social and environmental performance in business. This performance is measured in five pillars—Governance, Workers, Community, Environment, and Customers—but with no minimum threshold per pillar. This allows companies to choose those impact areas where they want to perform well. This study, based on the triple bottom line theory, analyses the environmental performance of 68 UK‐based B Corps from two environmentally sensitive sectors: manufacturing and wholesale/retail. We use an inductive approach that combines quantitative and qualitative methods to find out whether this trade‐off‐permitting approach leads to high environmental performance in companies and whether the certification successfully prevents greenwashing. Our results show firstly that companies in the two sectors tend to perform better socially than environmentally; secondly, that prioritizing one social impact area generally leads to below‐average environmental performances compared to certified peers; and thirdly, that to rule out greenwashing, B Corp should ensure certified companies display high levels of environmental performance and that they align their “green” claims to their performance.

show abstract

Section: Literature Frameworkmentioning

confidence: 99%

The environmental performance of UK‐based B Corp companies: An analysis based on the triple bottom line approach

Liute

Giacomo

2021

Bus Strat Env

View full text Add to dashboard Cite

show abstract

“…Thus, the social concerns in boosting sustainability involve companies actively considering people and society in their decision‐making or strategic development. Recently, Nursimloo et al (2020), p. 768 argued that this dimension “concerns the applications of actions that would be beneficial to human capital and the society.” By engaging in fair‐minded business and social practices, sustainable‐oriented companies provide value for the community in which they operate, their workforce, and society overall (Alhaddi, 2015; Farooq et al, 2021; Lichtenstein et al, 2004).…”

Section: Research Model Of Business Sustainabilitymentioning

confidence: 99%

Sustainable development—Direct and indirect effects between economic, social, and environmental dimensions in business practices

Andersson

Svensson

Molina-Castillo

et al. 2022

Corp Soc Responsibility Env

View full text Add to dashboard Cite

This study investigates the direct and indirect effects between economic, social and environmental dimensions of triple bottom line (TBL), based on a questionnaire survey and cross‐industrial sample in Sweden. The analyses apply partial least squares structural equation models. The study tests the direct and indirect effects between economic, social, and environmental dimensions of TBL and offers additional validity and reliability to establish the measurement and structural properties between the dimensions of TBL. The study extends earlier findings by explicitly discussing how the three TBL goals relate to each other and shows how the dynamic capability view can be a fruitful lens to investigate business sustainability. Some differences in sustainability business practices caused by differences in national cultures are identified. Sustainability reporting in a strong uncertainty avoidance (UA) country happens in accordance with regulations and laws. Conversely, for weak UA cultures, reporting and compliance with regulations are ways to build trust with stakeholders. That is, reporting is more transparent and widespread in weak UA countries. The study also provides a foundation to guide companies' actions of business sustainability. The model shows companies how to establish the order of actions undertaken across economic, social, and environmental dimensions. In addition, it clarifies that the economic dimension exerts an effect on the social and environmental dimensions. The model also grasps long‐term economic performance by including competitiveness and brand value, while earlier research mainly has focused on more short‐term measurements as return on assets.

show abstract

“…After nearly 9 years of development, webcasting has become a part of many people's social life. At present, the income sources of major domestic live broadcast platforms are not the same, but users reward revenue is the most concerned source of income for live broadcast platforms [6]. Regarding the nature of reward income, there are two main views in Chinese domestic academic circles: the theory of gift and the theory of service contracts.…”

Section: The Challenge To Accounting Theory Of Online Live Rewardsmentioning

confidence: 99%

“…He Yurun et al (2013) [5] believe that to improve the training of accounting talents, the starting point should be to obtain and improve the professional abilities and qualities of students. Zhang Yongjie et al (2019) [6] pointed out that to promote the cultivation of excellent accounting talents to achieve supply-side reforms, and to accelerate the quality of the cultivation of excellent accounting talents in line with industry needs, professional competence should be the guide. The research of these scholars mainly discusses the training model of accounting talents from a macro perspective, and provides a reference direction for the training model of college talents.…”

Section: Introductionmentioning

confidence: 99%

Accounting reform of higher education: A social and managerial analysis in the era of digital intelligence

Zhang

Farooq

2021

Front Manage Bus

Self Cite

View full text Add to dashboard Cite

The purpose of this paper is to discuss the accounting reform of higher education in China with a socio-managerial analysis in the digital intelligence era. It will enable students to actively adapt to the development need of the market economy. This article uses an exploratory research method and analyzes the challenges faced by Higher Education in the era of digital intelligence from the three dimensions of corporate profit model, webcast rewards, and changes in the environment. With the development of digital intelligence, new industrial formats and business models are constantly emerging. Digital transformation has brought severe challenges to accounting theory and practice. Now green finance is emerging with the concept of sustainable development. Based on this analysis, the article proposes a training framework for accounting and management talents in the era of digital intelligence.

show abstract

Basics of macro to microlevel corporate social responsibility and advancement in triple bottom line theory

Cited by 33 publications

References 81 publications

The environmental performance of UK‐based B Corp companies: An analysis based on the triple bottom line approach

The environmental performance of UK‐based B Corp companies: An analysis based on the triple bottom line approach

Sustainable development—Direct and indirect effects between economic, social, and environmental dimensions in business practices

Accounting reform of higher education: A social and managerial analysis in the era of digital intelligence

Contact Info

Product

Resources

About