Corporate social responsibility and stakeholder governance around the world

Jo, Hoje; Song, Moon H.; Tsang, Albert

doi:10.1016/j.gfj.2015.05.001

Cited by 21 publications

(12 citation statements)

References 104 publications

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“…Martínez‐Ferrero et al (2015) argue that in countries with stronger investor protection, companies tend to be shareholder‐value‐oriented. Jo et al (2016) find that the engagement of CSR activities in different countries is found to be affected by country‐level institutions, especially in countries characterized by weak investor protections and weak board governance. El Ghoul et al (2016) find that family firms are less likely to invest in CSR in countries with weaker investor protection.…”

Section: Literature Review and Hypothesesmentioning

confidence: 99%

CSR and investment efficiency in Western European countries

Khediri

2021

Corp Soc Responsibility Env

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The aim of this study is to examine: (i) whether investment efficiency is associated with CSR performance and (ii) whether this relationship varies with the strength of investor protection. Using firm level data from Western European countries, we document a positive association between CSR score and investment efficiency. We further find that the effect of CSR on investment efficiency is driven by the areas Human Ressources, Business Behavior, Corporate Governance, and Human Rights.Finally, we find that the documented association is statistically and economically more significant in countries with stronger investor protection.

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Section: Literature Review and Hypothesesmentioning

confidence: 99%

CSR and investment efficiency in Western European countries

Khediri

2021

Corp Soc Responsibility Env

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“…environmental information (Coluccia et al, 2018). Previous studies have shown a positive influence of the rule of law on environmental disclosure (Cahan et al, 2016;Coluccia et al, 2018;Jo et al, 2016). Therefore, the authors hypothesize the following:…”

Section: The Mirror Effectmentioning

confidence: 97%

“…In addition, this indicator measures the quality of contract enforcement, property rights, the police and the courts (Kaufmann et al, 2011). Countries with a better rule of law create a more transparent legal system with regulations for investor protection (Jo et al, 2016). In these countries, investors demand more information from companies, e.g.…”

Section: The Mirror Effectmentioning

confidence: 99%

The mirror effect: influence of national governance on environmental disclosure in coordinated economies

Pinheiro

Oliveira

Lozano

2022

JGR

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Purpose Based on the approach of the varieties of capitalism, this paper aims to investigate the influence of national governance characteristics on environmental disclosure. Design/methodology/approach This research analyzed companies based in coordinated economies, i.e. 1,815 companies from Austria, Belgium, Denmark, Finland, France, Germany, Italy, Japan, The Netherlands, Norway, Portugal, Spain and Sweden were investigated for the period 2009–2018. The authors created an index to measure environmental disclosure, and national governance was measured using the United Nations governance indicators. Findings The findings show that countries with greater transparency, democracy, citizen participation and government effectiveness tend to have companies with a greater environmental concern. The results allow us to conclude that the responsible behavior of companies is a mirror of the governance environment of the country where they operate. The findings have managerial implications. Practical implications Firms must be aware that institutional factors can influence their business. In institutional structures with low government effectiveness, little confidence in social rules and high levels of corruption, corporations tend to be less ethical. Originality/value This research used the varieties of capitalism approach to explain companies’ environmental disclosure. This is a recent approach to the institutional theory, and little explored in previous studies. Institutional level variables, such as governance indicators, can be used in other studies that analyze the relationship between institutional environment and corporate disclosure.

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“…The interaction and relationships between social actors and the firm is however complex. In a context that is dynamic, managers face the challenge of dealing with its stakeholders’ diverse perspectives, interests, and values (Jo et al., 2016) and aligning them to the firm's operations, strategy, and performance expectations. Identifying areas of shared value creation is essential to this process.…”

Section: Introductionmentioning

confidence: 99%

Managing corporate social responsibility through social learning

Castillo

2022

Glob Bus Org Exc

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Corporate Social Responsibility (CSR) in the Mexican financial sector is constructed through a social learning process in which four CSR dimensions: influencers; motivations; issues; and outcomes interact, influence each other, and adjust within the boundaries of the Mexican institutional context. By looking at the case of the Mexican financial sector, this paper aims to study how firms engage in the process of managing their corporate social responsibility strategies to generate sustained competitive advantage. It posits that many organizations already consider the different dimensions, but they do so in a siloed way, and that CSR management can be more efficient by engaging in a structured double learning loop that allows firms to adapt their strategy and help them create long‐term value for the firm and its stakeholders. Successfully engaging in social learning can also enhance the firm's legitimacy, but doing so requires strong coordination between different teams and leadership and the capacity to set shared objectives. This research contributes to CSR literature by proposing a model for understanding CSR as a social learning process, and by providing empirical evidence for the understanding of CSR from an emerging country context.

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Corporate social responsibility and stakeholder governance around the world

Cited by 21 publications

References 104 publications

CSR and investment efficiency in Western European countries

CSR and investment efficiency in Western European countries

The mirror effect: influence of national governance on environmental disclosure in coordinated economies

Managing corporate social responsibility through social learning

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