Corporate Social Responsibility and the Transformation of the Productive Matrix for Ecuador Sustainability

Fernández, Angie; Calero, Santiago; Parra, Humberto; Fernández, Raúl López

doi:10.9770/jssi.2017.6.4(4)

Cited by 5 publications

(6 citation statements)

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“…Under the umbrella of CSR and its strategic nature, SRI refers to the strategy used by investors to consider the firms' environmental, social, and ethical impact and their corporate governance before investment decisions (Cooper and Weber 2020;Daugaard 2020). Based on the theory that companies have a duty to society that supersedes the maximisation of shareholders' wealth, the engagement in CSR practices or corporate citizenship to benefit other stakeholders groups represents a valuable strategy (Aguilera et al 2007;Fernández et al 2017;Mackey et al 2007;McWilliams and Siegel 2001;Scherer and Palazzo 2008). In addition, as noted by other scholars, companies are increasingly pressured both internally and externally to fulfil broader social goals and engage in social responsibility initiatives (Capelle-Blancard and Petit 2019; Orlitzky 2013; Scherer and Palazzo 2008), as well as pressed by investors towards the adoption of ESG management processes and the implementation of sustainability strategies (Crifo et al 2019;Shafiq et al 2019).…”

Section: Introductionmentioning

confidence: 99%

Socially Responsible Investing as a Competitive Strategy for Trading Companies in Times of Upheaval Amid COVID-19: Evidence from Spain

Palma-Ruiz

Castillo‐Apraiz

Martínez

2020

IJFS

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Sustainable and responsible investing (SRI) is a strategy that seeks to combine both financial return and social good. The need to create and preserve SRI represents a key argument in investment decision-making, which leads other firms and investors to make strategic decisions beyond financial logic, based on environmental, social, and governance (ESG) factors. Within this framework, this paper aims to further clarify the understanding of potentially profitable strategies for firms during a global crisis such as a pandemic. Both primary and secondary data were gathered, and descriptive analyses were conducted. In Spain, several IBEX-35 companies announced donations amid the COVID-19 crisis. First, companies were classified into two groups based on donations made. For this, we searched for ESG online news. Then, profitability records amongst companies were identified and compared. In the trading session after the announcements, we found 12 of the 35 companies that made donations had a higher performance index of more than 2 and 3 points over the companies that did not make donations. With a weekly perspective, the difference was 91 and 60 basis points, respectively. These results suggest that in times of upheaval, investors base their strategy on ESG factors, contributing to the emerging literature on individual motives of SRI. Second, by conducting a survey and collecting data from 575 Spanish citizens, we conclude that after this crisis, people’s perceptions towards corporate social responsibility (CSR) will change, affecting consumption preferences in those companies that exhibited socially irresponsible or unsupportive behaviour. Hence, the reputation of firms, their social image, and social trust will play an important role in the near future.

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Section: Introductionmentioning

confidence: 99%

Socially Responsible Investing as a Competitive Strategy for Trading Companies in Times of Upheaval Amid COVID-19: Evidence from Spain

Palma-Ruiz

Castillo‐Apraiz

Martínez

2020

IJFS

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“…The specific area of this research is focused on the cooperativism of Ecuador, whose management and study has traditionally been directed towards economic, financial or production matters without considering the activities intended to improve the life quality of stakeholders in a sustainable way [23,25]. Due to this, the preparation of tools which allow the measurement of this construct is key, and, additionally, these tools must meet the specific characteristics of the context where they are going to be applied [39]. Hence, the analysis of the construct was developed using a measuring scale that is derived from a theoretical study and empirical work focused on the traditional corporate sustainability dimensions (economic, social and environmental [11,27]), including a new dimension, corporate identity [28], which has been added to the traditional model.…”

Section: Discussionmentioning

confidence: 99%

“…This relationship between both constructs directly affects the ability of businesses to subsist and create long-term profits [5]. The initiatives of sustainability and the search for corporate responsibility on behalf of the organisations that are connected to create economic growth play a leading role in the protection of the environment and the development of society [22,39].…”

Section: Literature Reviewmentioning

confidence: 99%

Study of Corporate Sustainability Dimensions in the Cooperatives of Ecuador

et al. 2020

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This research has the aim of analysing corporate sustainability dimensions in the cooperativism of a developing country such as Ecuador by means of a valid and reliable measuring scale. These institutions, as part of the social economy, should be focused on a balance among the economic, social and environmental aspects, which are the central axis of corporate sustainability. The literature review and analysis led to the development of a research questionnaire that was applied to 2042 people, among them managers, employees and members of the Ecuadorian cooperatives. In order to validate the dimensional structure and consistency of the scale, an exploratory factorial analysis was performed, followed by a confirmatory analysis using structural equations. The results show a consistent measuring scale based on the traditional dimensions of corporate sustainability (economic, social and environmental) and also presenting a new dimension of corporate identity.

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“…Los autores Fernández et al (2017) definieron el uso de la responsabilidad social como estrategia de gestión empresarial. Desde un punto de vista teórico se estudió para determinar su utilidad al cambio de la matriz productiva para la sostenibilidad del Ecuador.…”

Section: Figuraunclassified

La responsabilidad social empresarial en el contexto de la legislación en Ecuador

Ponce Iturralde,

Cevallos Bravo

2024

CADM

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Esta contribución científica tiene como objetivo evaluar el estado de conocimiento y aplicación de la legislación sobre la responsabilidad social empresarial en el Ecuador y comprender los beneficios para promoverla y aplicarla. El estudio da inicio con la certeza de los factores intervinientes para luego exponer soluciones planteadas desde diferentes sectores. Esta investigación corresponde a un enfoque cualitativo, diseño descriptivo documental basado en la recopilación y análisis bibliográfico. Los principales resultados de esta investigación demuestran que en los últimos 20 años la comunidad científica internacional ha mostrado un gran interés en la temática investigativa de la responsabilidad social empresaria. Las principales contribuciones científicas publicadas en la base de datos Scopus son de tipo artículo científico y capítulos de libros. Los países que más publicaciones proyectan son Estados Unidos de América, Reino Unido y China. Las revistas científicas que mayor socialización ofrecen a las investigaciones en el área de la responsabilidad empresarial son Journal of Business Ethics, Sustainability Switzerland y Corporate Social Responsibility And Environmental Management, entre otras. Por otra parte, se demuestra que la mayor parte de las empresas ecuatorianas desconocen la legislación de la responsabilidad social para un desarrollo sustentable, por lo que es importante socializar los beneficios y educar a la ciudadanía para que mejore su cumplimiento, pues a la vez que se genera crecimiento económico se puede mejorar las condiciones sociales de los involucrados.

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Corporate Social Responsibility and the Transformation of the Productive Matrix for Ecuador Sustainability

Cited by 5 publications

References 0 publications

Socially Responsible Investing as a Competitive Strategy for Trading Companies in Times of Upheaval Amid COVID-19: Evidence from Spain

Socially Responsible Investing as a Competitive Strategy for Trading Companies in Times of Upheaval Amid COVID-19: Evidence from Spain

Study of Corporate Sustainability Dimensions in the Cooperatives of Ecuador

La responsabilidad social empresarial en el contexto de la legislación en Ecuador

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