Corporate social responsibility and firm performance: The mediating role of marketing competence and the moderating role of market environment

Bai, Xuan; Chang, Jeanine

doi:10.1007/s10490-015-9409-0

Cited by 143 publications

(136 citation statements)

References 84 publications

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“…Environmentally conscious initiatives, such as alternative energy purchases or investments to reduce pollution and other environmental impacts, signal a firm's concern for the environment, and they thereby improve the overall image of the firm and the loyalty of its customers (Ambec & Lanoie, 2008;Jacobs et al, 2010). Firms that demonstrate efforts to reduce the environmental impact of their products and processes and establish environmental management systems are better positioned to expand their markets than competitors that fail to show such efforts (Bai & Chang, 2015;He, Tian, & Chen, 2007;Klassen & McLaughlin, 1996). Greener products or services allow firms to enhance sales and market share and exploit new opportunities within environmentally conscious markets (Ambec & Lanoie, 2008;Porter & Van der Linde, 1995;Rao & Holt, 2005).…”

Section: Hypothesis Developmentmentioning

confidence: 99%

Firm sustainable development and stakeholder engagement: The role of government support

Quan

et al. 2018

Bus Strat Env

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This study examines the sustainable development of Chinese firms in the context of the government implementing environmental policies that support green initiatives, from a resource‐based perspective. Using a sample of Chinese listed firms in the most polluting industries during the period 2001–2015, we find a positive relationship between environmental performance and economic performance. We also find that government‐controlled resources, including bank loans and tax benefits, are the mechanisms through which the effects of environmental investments are transformed into economic gains. Further analyses show that the positive association between environmental and economic performance holds for state‐owned firms only. These results indicate that although “being green” is associated with improvements in firm performance, such a strategy benefits only those firms that receive preferential treatment from the government. This study reveals that the Chinese Government, as the most influential stakeholder, plays an important role in determining the impact of environmental performance on economic performance.

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Section: Hypothesis Developmentmentioning

confidence: 99%

Firm sustainable development and stakeholder engagement: The role of government support

Quan

et al. 2018

Bus Strat Env

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“…Nonetheless, investment in CSR activities assists firms in developing and conveying firms' positive messages and reputations (Anbarasan & Sushil, ) through creating a distinctive brand recognition (Bai & Chang, ), attracting the public's opinion and ensuring the constructive participation of stakeholders in firms' activities (Boccia & Sarnacchiaro, ; Surroca et al, ) that drive the firms toward successful operation and competitiveness (Bai & Chang, ). CSR refers to the firms' strategic posture that tends to facilitate the social, economic, cultural, and environmental aspects of sustainability and growth (Ayuso & Navarrete‐Báez, ).…”

Section: Introductionmentioning

confidence: 99%

Investment in intangible resources and capabilities spurs sustainable competitive advantage and firm performance

Khan

Yang

Waheed

2018

Corp Soc Responsibility Env

232

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This study investigates the influence of investment in key intangible resources and capabilities of firms, including intellectual capital (IC), financial capability (FC), and corporate social responsibility (CSR) on sustainable competitive advantage (SCA) and firm performance (FP) in an emerging country, Pakistan. The research model and its pertinent hypotheses are tested on a sample of 329 Pakistani small and medium enterprises (SMEs) by a structural equation model (SEM). The results exhibited a significant influence of the aforesaid factors on FP. However, SCA fully mediates the relationship between FC and FP and between CSR and FP, whereas SCA partially mediates the relationship between IC and FP. Taken together, the findings suggest the role of CSR and FC in indirectly spurring FP through SCA. Despite the limitations of this study, the results have several practical and theoretical implications for owners, managers, and policymakers.

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“…Firstly, although empirical research on the disclosure of CSR and FP relations has attracted much interest among policy-makers and researchers in the emerging markets context, even so, this relationship seems to be erroneous and to some extent ambiguous. Hence, this relationship remains inconclusive [22]. As prior research in emerging markets on social and environmental disclosure grows in prominence relative to developed markets, a notable avenue by which emerging markets could demonstrate commitments to the global upsurge of standardisation in CSR disclosure trends and sustainable development is to promote a voluntary (and/or mandatory) use of such global standards among local and multinational corporations operating within their markets.…”

Section: Introductionmentioning

confidence: 99%

Disclosure of CSR Performance and Firm Value: New Evidence from South Africa on the Basis of the GRI Guidelines for Sustainability Disclosure

et al. 2018

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Prior CSR and firm performance research has produced mixed results. Even so, numerous researches examining this relationship from the perspective of international standardisation have primarily concentrated on developed economics. This leaves an obvious gap within the extant literature with regards to evidence from sub-Saharan Africa. The aim of this study is to investigate the relationship between the extent of CSR disclosure performance and firm value, in an emerging institutional setting. Using hand collected data of South African listed companies, we apply the GRI G3.1 guidelines, as a measure of disclosure performance. Based on the panel data fixed effect model, we document a positive but insignificant relationship between CSR disclosure performance and firm value. Secondly, a negative and insignificant relationship was found between environmental disclosure performance and firm value. Lastly, we found a positive and statistically significant relationship between social disclosure performance and firm value. Overall, our findings suggest that CSR disclosure has a limited effect on firm value. Our findings hold for a set of robustness tests. Our findings suggest that the incorporation of sustainability disclosure, on the basis of GRI, is moderately high among the selected companies. Implications of our results suggest that CSR disclosure may not necessarily influence firm value, despite its numerous benefits. We contribute to this line of research from a multi-theoretical perspective.

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Corporate social responsibility and firm performance: The mediating role of marketing competence and the moderating role of market environment

Cited by 143 publications

References 84 publications

Firm sustainable development and stakeholder engagement: The role of government support

Firm sustainable development and stakeholder engagement: The role of government support

Investment in intangible resources and capabilities spurs sustainable competitive advantage and firm performance

Disclosure of CSR Performance and Firm Value: New Evidence from South Africa on the Basis of the GRI Guidelines for Sustainability Disclosure

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