Corporate Social Responsibility in SMEs: Implications on Competitive PerformanceDate submitted: October 12, 2017Revised version accepted after double blind review: December 15, 2018

Uzhegova, Maria; Torkkeli, Lasse; Saarenketo, Sami

doi:10.5771/0935-9915-2019-2-3-232

Cited by 6 publications

(7 citation statements)

References 89 publications

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“…In fact, a recent metaanalysis (Chen et al, 2021) demonstrated that effectuation is generally positively related to firm performance, which is especially true for older companies rather than new ventures, which is in line with the empirical findings of the present study, as in our data the average age of SMEs was 29 years. However, the mediation role of responsibility has been found in previous research on SMEs in the relationships between capabilities and competitive performance (Uzhegova et al, 2019), green organizational culture and green product innovation performance (Chang, 2015,) and entrepreneurial orientation and performance (Courrent et al, 2016).…”

Section: Discussionmentioning

confidence: 91%

“…Int Entrep Manag J (2022). https://doi.org/10.1007/s11365-021-00793-z 6 (Galkina & Chetty, 2015) and SME's business responsibility (Lähdesmäki & Suutari, 2012;Uzhegova et al, 2018Uzhegova et al, , 2019.We collected the empirical data in two phases. First, an initial sample of 1,000 firms listed in the Bisnode Selector database (see www.bisnode.com) was drawn up.…”

Section: Sample and Data Collectionmentioning

confidence: 99%

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Business responsibility and effectuation in internationalized SMEs

Uzhegova

Torkkeli

2022

Int Entrep Manag J

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Sustainability is a global trend that requires balancing environmental, social, and financial concerns. Issues related to social and environmental responsibility have attracted growing research interest in the research domains on small businesses and large multinational companies, but they are yet to be explored in the context of internationalized small and medium-sized enterprises (SMEs), which experience the liabilities of foreignness and smallness but whose share of and impact on the world economy are growing. This study connects entrepreneurial decision-making with business responsibility and explores the effects of effectual decision-making logic on responsible business practices (RBPs) and their outcomes in the context of internationalized SMEs.The empirical part of the study was based on the survey data from a sample of 179 Finnish SMEs. The results obtained via linear regression modeling showed that a more pronounced effectual logic can lead to more RBPs in internationalized SMEs. The RBPs, in turn, were found to have a positive impact on the competitive performance of these SMEs, thus serving as mediators. This study contributes to the literature on responsible decision-making in both the research areas of internationalization of SMEs and small business responsibility.

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Section: Discussionmentioning

confidence: 91%

Section: Sample and Data Collectionmentioning

confidence: 99%

Business responsibility and effectuation in internationalized SMEs

Uzhegova

Torkkeli

2022

Int Entrep Manag J

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“…However, CSR and responsible business practices in SMEs also need further study [5], since SMEs face distinct challenges in their CSR activities [6], especially when compared to larger multinational enterprises [7]. Despite this, to our knowledge, the role of CSR in SMEs has received very little research attention in comparison, and only recently [8] has research on international entrepreneurship started to assess the importance of CSR from the perspective of SMEs. This is a notable omission in the literature since there is recent evidence that sustainability and responsible business practices can be an important competitive advantage for SMEs [4,[8][9][10].…”

Section: Introductionmentioning

confidence: 99%

Corporate Social Responsibility of SMEs: Learning Orientation and Performance Outcomes

Torkkeli

Durst

2022

Sustainability

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Responsibility and sustainability are today a key part of doing business globally. However, the attention of scholars and policymakers has mainly been on large multinational enterprises, with small and medium-sized enterprises (SMEs) receiving less attention. Recent studies have noted the importance of learning for SMEs to engage in corporate social responsibility (CSR), but it is not yet known how the learning orientation of SMEs impacts their CSR, and how the development impacts the internationalization and performance of SMEs, which are research gaps that recent studies have noted. Shedding light on those dynamics is also important from a practical perspective since in most countries SMEs constitute a large majority of firms in both amounts and total employment. The present study contributes by illustrating how CSR impacts different types of performance in SMEs, and how the learning orientation of SMEs predetermines their CSR. Regression analyses conducted on an empirical sample of Finnish SMEs indicate that CSR in SMEs has an impact on certain types of performance and that their learning orientation determines their CSR. Therefore, the study contributes to the literature on responsibility and sustainability in SMEs, and to that SME internationalization, by shedding light on the antecedents and outcomes of CSR for SMEs.

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“…It confirms that SMEs im-plementing EO and CSR can lead them to permanently adopt sustainable business practices and improve their business performance. Uzhegova et al (2019) found CSR to be the mediate factor of the relationship between network competence and competitive performance.…”

Section: Discussionmentioning

confidence: 88%

Effect of CSR Implementation and Crisis Events in Business on the Financial Management of Smes

Dvorský,

Švihlíková,

Kozubíková

et al. 2023

Technological and Economic Development of Economy

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The financial management of a business is an integral part of strategic management. Small and medium-sized enterprises (SMEs) are vulnerable to the presence of crisis events in the business environment. In this context, senior managers and owners need to react promptly to emerging changes in a given business segment. The aim of the article is to quantify the effect of crisis events in business and firm’s CSR implementation in business on the financial performance in the SMEs. The empirical research incorporated 1,090 SMEs in the business environment of four Central European countries. The research hypotheses were evaluated using structural equation modelling. The empirical findings confirmed the positive impact of CSR implementation in the enterprise on its financial management. The research results did not confirm the negative effects of crisis events in business on the financial management. Crisis phenomena have direct effects on the sustainability of the enterprise; the organizational activities of the enterprise; the functioning of the enterprise in the market and the management of the enterprise. The findings are used as a basis for the preparation of strategic projects of national and international policies helping to cope with crisis phenomena in the business environment of the SME segment.

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Corporate Social Responsibility in SMEs: Implications on Competitive PerformanceDate submitted: October 12, 2017Revised version accepted after double blind review: December 15, 2018

Cited by 6 publications

References 89 publications

Business responsibility and effectuation in internationalized SMEs

Business responsibility and effectuation in internationalized SMEs

Corporate Social Responsibility of SMEs: Learning Orientation and Performance Outcomes

Effect of CSR Implementation and Crisis Events in Business on the Financial Management of Smes

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