Corporate Social Responsibility as a Strategic Means to Attract Foreign Investment: Evidence from Korea

Lee, Juil; Kim, Sang-Joon; Kwon, Insu

doi:10.3390/su9112121

Cited by 21 publications

(18 citation statements)

References 66 publications

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“…Oh et al [29] employed a sample of 118 large Korean firms and found a significant and positive relationship between CSR ratings and ownership of institutions (which are under strong influence of the Korean government). However, Oh et al [29] also found foreign invested firms have relatively high CSR ratings and this result was confirmed by Lee et al [30] who conducted a study using panel data of the Korea Economic Justice Institute (KEJI) Index and found a positive correlation between CSR performance and foreign ownership.…”

Section: Ownership Size Slack Resources and Sustainabilitymentioning

confidence: 74%

Is Environmental Sustainability Taking a Backseat in China after COVID-19? The Perspective of Business Managers

2020

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China’s quick economic recovery from COVID-19 has presented a narrow but vast opportunity to build an economy that is cleaner, fairer, and safer. Will China grab this opportunity? The answer rests with both business managers and the government. Based on a questionnaire survey of 1160 owners and managers of companies headquartered in 32 regions of China and covering 30 industries, this paper explores how COVID-19 has impacted Chinese business, especially with regard to the three dimensions of sustainability (economic, social, and environmental). The results suggest that Chinese companies’ sustainability priorities have been shifted towards the social dimension both during COVID-19 and into the post-pandemic phase, regardless of the type of ownership, company size, or market focus (domestic, overseas, or mixture of the two). However, all types of company prioritize the need for economic sustainability in the post-pandemic phase and in relative terms the importance of the environmental dimension has been diminished. Hence the potential for a post-pandemic environmental rebound effect in China is clear. But it does not have to be the case if Chinese businesses and the government take actions to change its recovery plans to embrace the environmental dimension of sustainability. The paper puts forward some suggestions and recommendations for businesses and the government.

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Section: Ownership Size Slack Resources and Sustainabilitymentioning

confidence: 74%

Is Environmental Sustainability Taking a Backseat in China after COVID-19? The Perspective of Business Managers

2020

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“…A company with growth potential can be more active in CSR activities, which predicts a positive correlation between the market value ratio to book value (MB) and CSR activities [41]. Previous studies have shown a positive relationship between CSR and foreign ownership [43]. The higher the foreign ownership (FOR), the more CSR is expected to increase.…”

Section: Empirical Modelmentioning

confidence: 99%

The Impact of Labor Union Influence on Corporate Social Responsibility

Chun

Shin

2018

Sustainability

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This study examines the effects of labor union influence on the corporate social responsibility (CSR) of Korean firms, which is regarded as a pertinent sustainable factor to meet the various demands of the organizations around a firm. Further, this paper implies that labor unions might be part of a group of stakeholders that affect firms' CSR activity. The empirical results suggest labor union existence as well as the labor unionization ratio is negatively associated with firms' CSR activity. Additionally, this negative association is more pronounced for non-owner manager firms. Additional robustness tests using quantile regression, two-stage least squares (2SLS) regression, and the Heckman two-step analysis support the above findings. Therefore, we conclude that labor unions might cooperate with non-owner managers to decrease firms' CSR activity because decreasing CSR expenditure makes for a favorable wage negotiation process that advocates labor unions' rent seeking behavior and non-owner managers' agreement with labor unions in terms of business performance during their tenure.

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“…Based on customer behaviour, businesses then analyse customers habits, ways of preferred presentation and taste. Entrepreneurship through customer care is part of modern business strategy textbooks, where online is no longer only recommended, but rather required [7]. At the end of 2019, it was inconceivable that bricks and mortar stores could be temporarily closed by the state.…”

Section: Introductionmentioning

confidence: 99%

Innovations in the Management of E-Commerce Entities Operating on the Slovak Market – Analysis of Customer Interactions during the COVID-19 Pandemic

Pollák

Malinak²,

Markovıč

et al. 2021

SHS Web of Conf.

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This paper deals with the issue of innovation in e-commerce, specifically with the application of innovative methods of evaluating customer interactions in the environment of the virtual social network Facebook. The first part presents the results of desk research on the issue of the utilization of virtual social media Facebook in e-commerce in order to approach the knowledge base of the analysed issues. The aim of the second part of the study presented in the paper was to describe and evaluate the activities of customer groups of the five largest e-commerce entities operating in the Slovak virtual market. The data needed for the analysis were collected during the state of emergency declared in connection with the COVID-19 pandemic. From the point of view of findings, the initial trends in the customers interactions were declining online activity over the weekend and an increase in online activity at the beginning of the working week. In general, it can be stated that data were analysed in a highly non-standard market situation. With respect to the social media e-communication of selected e-commerce entities, it was possible to outline specific patterns of consumer behaviour. As a result, it was possible to create a qualitative knowledge base for further research into the impact of the COVID-19 pandemic on national and international economies, for both economics and management sciences.

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Corporate Social Responsibility as a Strategic Means to Attract Foreign Investment: Evidence from Korea

Cited by 21 publications

References 66 publications

Is Environmental Sustainability Taking a Backseat in China after COVID-19? The Perspective of Business Managers

Is Environmental Sustainability Taking a Backseat in China after COVID-19? The Perspective of Business Managers

The Impact of Labor Union Influence on Corporate Social Responsibility

Innovations in the Management of E-Commerce Entities Operating on the Slovak Market – Analysis of Customer Interactions during the COVID-19 Pandemic

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