Corporate social responsibility—an antidote for sustainable business performance: interconnecting role of digital technologies, employee eco-behavior, and tax avoidance

Khan, Syed Abdul Rehman; Sheikh, Adnan Ahmed; Tahir, Muhammad Sohail

doi:10.1007/s11356-023-31377-9

Cited by 17 publications

(1 citation statement)

References 86 publications

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“…Studies also show that corporate social responsibility (CSR) activities, which serve as a standard for evaluating corporate value and sustainability, are determinants of financial performance [96][97][98]. Khan et al (2023) [99] showed that community-oriented CSR activities and environmental protection-focused CSR activities improve the sustainability of SMEs. Ma et al (2023) [100], using listed Chinese A-share companies, proved that ESG performance makes a significant positive contribution to corporate development and promotes company development by reducing financing constraints.…”

Section: Esg Managementmentioning

confidence: 99%

Analyzing Factors That Affect Korean B2B Companies’ Sustainable Performance

Lee,

Kim

2024

Sustainability

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This study empirically examines factors that can influence the sustainable corporate performance of Korean business-to-business (B2B) companies with the help of unique survey data. Factors such as technological capability, the chief executive officer (CEO)’s risk-taking propensity, B2B seller skill, and key account management (KAM) are analyzed to clarify their impact on sustainable financial and non-financial performance. In particular, given that environment, society, and governance (ESG) reporting has recently been widely recognized as an important evaluation factor for companies, we look at the mediating effects of ESG management on sustainable business performance. The results show that the CEO’s risk-taking propensity and B2B seller skill significantly impact the company’s sustainable financial performance, while technological capability and the CEO’s risk-taking propensity significantly impact sustainable non-financial performance. The fact that a CEO’s risk-taking propensity affects both sustainable financial and non-financial performance indicates the importance of entrepreneurial competency in the sustainability of the company. Furthermore, the findings reveal that ESG management plays a crucial role in sustainable corporate performance. The mediating role of ESG management allows technological capability, B2B seller skill, and KAM to influence sustainable financial performance significantly. Likewise, all of the explanatory factors contribute to the company’s sustainable non-financial performance through ESG management. The findings are important for both practitioners and scholars because they emphasize the need to establish an optimal ESG management strategy for corporate survival and sustainability. Furthermore, this study underscores that ESG management should be implemented by all organizational members, from CEOs to employees. Future research will include more comprehensive samples and analyze various strategic factors not covered in this study to derive effective ways by which companies can increase their performance and sustainability. We will also explore the factors that contribute to good ESG management practices.

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Section: Esg Managementmentioning

confidence: 99%

Analyzing Factors That Affect Korean B2B Companies’ Sustainable Performance

Lee,

Kim

2024

Sustainability

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Greening Mexican manufacturing: Examining the role of SMEs in environmental preservation through green business strategies, eco‐innovation, and corporate social responsibility

Esparza,

Madrid‐Guijarro,

Maldonado‐Guzman

2024

Sustainable Development

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The productive activities of manufacturing companies cause severe damage to the environment. In this sense, this research focuses on the actions carried out by implementing a green business strategy (GBS) and its influence on eco‐innovation and environmental performance in Mexican manufacturing small and medium‐sized enterprises (SMEs) to care for and protect the environment. The model introduces eco‐innovation and corporate social responsibility (CSR) as mediating and moderating factors in the relationship between GBS and environmental performance. An empirical study was carried out on 299 SMEs. Data analysis was made using structural equations and the Smart PLS‐SEM program. The findings confirm (1) the positive influence that GBS exerts on eco‐innovation practices and environmental performance in this kind of companies, identifying a significant mediating effect linked to eco‐innovation, and (2) a positive moderating effect linked to CSR on the relationship between GBS and environmental performance. GBS is a powerful tool that works synergistically with eco‐innovation and CSR to protect the environment from management. This research is a basis for managers and government officials to adopt eco‐innovation and CSR strategically through the GBS, as it guarantees environmental protection in the manufacturing industry.

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