Constructing a System for Effective Implementation of Strategic Corporate Social Responsibility

Huang, Chiung-Yao; Fu, Chung‐Jen

doi:10.1007/978-3-319-93554-6_86

Cited by 1 publication

(1 citation statement)

References 7 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…This gap is to be filled by this work. The conceptual foundations of studying the practice of corporate responsibility as a social institute stand in the works of Abney (2019) , Ararat et al (2018) , Axjonow et al (2018) , Boyd and Huettinger (2019) , Dey et al (2018) , Gond et al (2018) , Gordon (2020) , Harjoto and Laksmana (2018) , Hielscher and Kivimaa (2019) , Huang and Fu (2019) , Inshakova et al (2018) , Kail et al (2017) , Lahtinen et al (2018) , Luque and Herrero-García (2019) , Nurunnabi et al (2018) , Pereira et al (2019) , Reilly and Larya (2018) , Rim et al (2019) , Sun and Gunia (2018) , Tsalis et al (2018) , Yen et al (2019) , Weber et al 2019 ).…”

Section: Theoretical Backgroundmentioning

confidence: 99%

Corporate Social Responsibility Amid Social Distancing During the COVID-19 Crisis: BRICS vs. OECD Countries

Popkova

DeLo

Sergi

2021

Research in International Business and Finance

101

View full text Add to dashboard Cite

This paper compares today’s corporate management in developing markets (BRICS countries) vs. developed markets (the OECD countries). The influence of determining a new social corporate management season considering social distancing amid the COVID-19 pandemic on emerging markets' economic growth is ascertained and set apart from corporate management in developing markets. This paper helps clarifying and better understanding the role of corporate social responsibility in the conditions of an economic crisis against the background of the COVID-19 pandemic. This work provides scientific arguments that allow solving critical discussions regarding the advantages (growth of quality of life, an increase of business's competitiveness) and costs (limitation of economic growth, non-commercial use of profit, and increased price for goods and services) of domestic production and consumption. In the long-term, responsible financial practices return all investments and allow countries to better cope with a crisis. The research supplies a new view of corporate social responsibility as a measure of crisis management. It reflects its advantages at a time of social distancing in the conditions of the COVID-19 pandemic. The institutionalization of corporate social responsibility in emerging countries is not predetermined by internal factors (approach to doing business or organizational culture), if not by external factors (market status, state regulation, and consumer awareness). These circumstances prove the high complexity of strengthening corporate social responsibility in developing countries. In the conditions of social distancing – due to the COVID-19 pandemic – corporate social responsibility goes to a new level. In both developing and developed countries, one of the most widespread manifestations of corporate social responsibility is the entrepreneurship's transition to the remote form of activities. This envisages the provision of remote employment for workers and the online purchase of goods and services for consumers.

show abstract