Corporate Social Responsibility and Financial Control

María, Héctor Santa; Lira, Luis Alberto Núñez; Temple, María Milagros Sánchez; Miranda, Percy Samuel Yabar; Aybar-Bellido, Irma

doi:10.26668/businessreview/2023.v8i1.936

Cited by 10 publications

(8 citation statements)

References 8 publications

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“…In these conditions, the most important thing for business people is how to keep their business sustainable. Business sustainability is linked to higher profits (Rahman: 2023), long-term return on investment (Abdelsalam, et al 2016), and sustained commercial success as the main goal for the company (Relaiza et al, 2023). Many companies are successful in controlling the market for a certain period but have not been able to sustain it in the long term (Freudenreich et al 2020;Curtis & Mont, 2020).…”

Section: Introductionmentioning

confidence: 99%

Improving Firm Sustainability Through Dynamic Capability: The Mediation Role of Ambidexterity

Hadi¹

2023

J. Professional Business Review

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Purpose: This study aims to analyze the effect of dynamic capability dimensions on sustainability and ambidexterity. Furthermore, this study also analyzes the mediating role of ambidexterity to influence sensing, seizing and reconfiguring capabilities in building firm sustainability. Theoretical framework: There are inconsistencies in previous research related to the effect of dynamic capability. Some recent literatures emphasize the important role of dynamic capability in increasing company sustainability including Li et al. (2019), Dangelico et al. (2017), Chowdhury & Quaddus, (2021). However, in some cases, capability does not have a strong influence on sustainability (Hong et al: 2018, Borahima et al. 2021). This study seeks to analyze further and find a better model. Design/methodology/approach: This study is a quantitative study with a research population that includes employees, managers, and start-up owners in Yogyakarta. From the population, 250 respondents were taken as research samples. The analysis was carried out using the structural equation model method using AMOS software. Findings: The results found that sensing capability had no effect on sustainability and ambidexterity. In other side, seizing and reconfiguring capability influence sustainability and ambidexterity. Furthermore, this study found that ambidexterity was not able to mediate sensing capability on sustainability. Meanwhile, ambidexterity has been proven to mediate each effect of seizing and reconfiguring capability on sustainability. Research, Practical & Social implications: This research emphasizes on managers and entrepreneurs that dynamic capability and ambidexterity have an important role in growing sustainability. Future studies may consider to elaborate further on the role of dynamic capability and ambidexterity both from the aspect of moderating influence and the wider research object aspect. Originality/value: The results indicate that dynamic capability’s factors especially seizing and reconfiguring capability, also ambidexterity have an important role in company’s sustainability.

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Section: Introductionmentioning

confidence: 99%

Improving Firm Sustainability Through Dynamic Capability: The Mediation Role of Ambidexterity

Hadi¹

2023

J. Professional Business Review

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“…Más bien, este se determina por las fuerzas del mercado, es decir, la oferta y la demanda. Las universidades latinoamericanas han demostrado un nivel alto de compromiso hacia las políticas sustentables dejando de lado solo la búsqueda del beneficio para los socios y dando mayor importancia a la creación de valor social en el sector universitario, tanto en temas de impacto ambiental y social generando beneficios futuros a la sociedad [13]. En Perú, hay entidades universitarias que implementan acciones de Responsabilidad Social (RS), sin embargo, muchas de estas acciones no están vinculadas al núcleo de sus operaciones ni incorporan un sistema que recompense a quienes las realizan.…”

Section: Introductionunclassified

“…En Perú, hay entidades universitarias que implementan acciones de Responsabilidad Social (RS), sin embargo, muchas de estas acciones no están vinculadas al núcleo de sus operaciones ni incorporan un sistema que recompense a quienes las realizan. Esta situación es preocupante ya que las instituciones tienden a priorizar su posicionamiento en el mercado antes que fomentar un sentido de compromiso empresarial en sus empleados y la comunidad [13]. El concepto de Responsabilidad Social Empresarial fue introducido en el ámbito académico en 1953, con el objetivo de promover una nueva forma de pensar en la toma de decisiones empresariales.…”

Section: Introductionunclassified

Corporate social responsibility and its relation to the UPAO brand image

Barinotto Roncal,

Jurado Rosas,

Príncipe Guadiamos

et al. 2023

Proceedings of the 3rd LACCEI International Multiconference on Entrepreneurship, Innovation and Regional Development (LEIRD 202

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“…In corporate practices and academic literature, CSR has been accorded a wider recognition and vigorously accepted and companies engage in it to fulfil stakeholders' expectations (Chaudhry, Ramakrishnan, Sulimany & Sharif, 2021). Furthermore, the influence of companies' economic activities on society and environment has made the world to focus on corporate social responsibility practices (Relaiza et al, 2023) and this global realization of the importance of this research area has resulted in 'Social Responsibility Journal' being recently declared as the most productive Journal (Yazdani et al, 2022). Pastoors (2018) asserts that corporate social responsibility is getting more important every year.…”

Section: Introductionmentioning

confidence: 99%

Corporate Social Responsibility and Shareholders’ Wealth of Industrial Goods Producing Companies Listed on the Exchange Group PLC of Nigeria

Inyang,

Joel,

Obeten

et al. 2023

J. Professional Business Review

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Purpose: The purpose of this study is to determine how the practices of corporate social responsibility (CSR) influence the wealth of shareholders of industrial goods producing companies listed on the Exchange Group Plc of Nigeria and other developing countries. Theoretical Framework: The role played by CSR practices in enhancing shareholders’ wealth has attracted the interests of companies’ executives and policy makers all over the world. The theoretical foundations of this research work are provided by the Shareholder Value Theory, the stakeholder theory, the Business Ethics theory and the Agency theory. However, this work is anchored on the shareholder value theory propounded by Milton Friedman in 1970 and this is used to evaluate the influence of corporate social responsibility on shareholders’ wealth. Design/methodology/approach: The study uses the ex-post facto research design and judgemental sampling technique to select a sample of 10 industrial goods producing firms listed on the Nigerian Exchange Group Plc as at 31st December, 2021. Social responsibility relationships with the society, employees, suppliers, customers, tax authorities and lenders provide the basis for sample selection. Information from the financial statements of the sampled companies was used to compute weighted average cost of capital (WACC), rate of stock turnover, actual corporate tax rate, invested capital, leverage, return on equity (ROE), value of debts and value of equity. This approach facilitates the computation of economic value added (EVA) which is used as proxy for shareholders’ wealth. Firm-year observations of 1,840, ordinary least squares panel data regression, fixed and random effects models, stationarity test, cross-section dependence test and the Hausman test are used for data diagnosis and analysis. Findings: The research has disclosed that CSR to society positively and significantly influences shareholders’ wealth while CSR to suppliers and lenders have non-significant positive effect on shareholders’ wealth. Contrastingly, it is further revealed that CSR to employees and tax authorities have significant negative effects on shareholders’ wealth while CSR to customers negatively and non-significantly influences shareholders’ wealth. Research, Practical & Social implications: The implication for managers is that CSR relationship with society is value enhancing in Nigeria’s industrial goods sector while CSR relationships with employees and tax authorities are value destroying. Value enhancing results of the dealings with suppliers and lenders and the value destroying result of the dealings with customers lack sufficient evidence. This research has helped in filling the gap in the existing literature and in serving as the basis for the economic and social development of Nigeria and other developing and developed countries of the world. Originality/value: This is the first time in the industrial goods sector that we are associating four new corporate social responsibility variables namely, CSR to suppliers, CSR to customers, CSR to tax authorities and CSR to lenders with shareholders’ wealth. This study encourages the revival of CSR to employees and CSR to tax authorities which are currently value destroying in the industrial goods sector of Nigeria.

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Corporate Social Responsibility and Financial Control

Cited by 10 publications

References 8 publications

Improving Firm Sustainability Through Dynamic Capability: The Mediation Role of Ambidexterity

Improving Firm Sustainability Through Dynamic Capability: The Mediation Role of Ambidexterity

Corporate social responsibility and its relation to the UPAO brand image

Corporate Social Responsibility and Shareholders’ Wealth of Industrial Goods Producing Companies Listed on the Exchange Group PLC of Nigeria

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