Corporate Social Responsibility: The Context of Stakeholders Pressure in Lithuania

Bakanauskienė, Irena; Staniulienė, Sonata; Žirgutis, Vytautas

doi:10.17512/pjms.2016.13.1.02

Cited by 7 publications

(6 citation statements)

References 16 publications

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“…Organizations that want to survive in the market and achieve strong CFP in a long run must adopt strategy embracing economic, social, and ecological dimension in a sustainable way. To achieve adequate level of corporate sustainable development, it is necessary to apply business strategies that meet all parties' (stakeholders') needs while protecting, strengthening, and enhancing the human and natural resources for the need of use in the future (Bakanauskiene, Staniuliene, & Zirgutis, ). For business activities to be efficient, effective, and economically valuable, at the same time both socially responsible and environmentally sustainable, this strategy should result from social multiaspect dialogs, negotiations, and consensus with all interested parties (Mizera, ).…”

Section: Discussionmentioning

confidence: 99%

Corporate financial performance due to sustainable development in Vietnam

Tien

Anh

Ngọc

2019

Corp Soc Responsibility Env

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Social responsibility and environmental sustainability issues began to be paid attention in Vietnam due to the impressive economic development in recent years. However, corporate social responsibility (CSR) is still quite a new management concept, especially for small and medium enterprises. Managers are facing multiple obstacles in executing CSR programs in accordance with international standards. Regarding corporate environmental sustainability (CES), the idea of sustainable development is a rising trend in today's business reality. Essentially, CSR is regarded as a part of the overall sustainability issues. For the purpose of studying the impact of CSR and CES on corporate financial performance (CFP), quantitative method has been used to examine the relation between CSR and CFP. Qualitative method has been applied to verify the relation between CSR, CES, and CFP. On the basis of findings, several useful suggestions are made for managers to improve business performance and sustainable development in Vietnam.

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Section: Discussionmentioning

confidence: 99%

Corporate financial performance due to sustainable development in Vietnam

Tien

Anh

Ngọc

2019

Corp Soc Responsibility Env

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“…Many previous studies have also examined and found factors affecting the relationship between accounting information and stock prices or stock returns. The factors include, for example, increased working capital efficiency [3], financial crises [4], sustainable cross-border cooperation [5], stakeholders' pressure [6], error occurrence in accounting [7], and presentation of financial statements based on International Financial Reporting Standards (IFRS) [8]. The current study examines whether the Sustainability Reporting Award (SRA) is a factor that affects the value relevance of accounting information.…”

Section: Introductionmentioning

confidence: 99%

Sustainability Reporting and Value Relevance of Financial Statements

et al. 2018

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This study examines whether information about the winners of the Sustainability Reporting Award (SRA) contributes to the usefulness of the information in financial statements. This study used a sample consisting of 110 winners of SRA (SRA firms) and 110 companies that did not receive SRA (non-SRA firms) from 2008 to 2016. The study found that earnings per share (EPS), earnings per share change (EPSC), and book value per share (BVPS) are value-relevant information. Results of comparison between SRA firms and non-SRA firms show that the positive association between EPS and stock price (P) and the positive association of EPS with stock returns (R) for SRA firms are higher than that for the non-SRA firms. In addition, findings of this study indicate that EPSC is positively associated with R when EPSC and R are measured by Indonesian rupiah (IDR) instead of by percentage, and the positive association between EPSC and R for the SRA firms is higher than that for the non-SRA firms. Thus, the results are sensitive to measures of the variables. However, this study found that value relevance of BVPS for SRA firms is lower than for non-SRA firms. Implication of this study is that information about the winners of SRA contributes to the usefulness of financial statements, especially the information of EPS and EPSC.

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“…Organizations that want to survive in the market in the long run must adopt strategy embracing the economic, social and ecological dimension. To achieve a sustainable level of development of an organization, it is necessary to apply business strategies that meet the organization's and stakeholders' needs while protecting, strengthening and enhancing the human and natural resources that will be needed in the future (Bakanauskiene, Staniuliene, Zirgutis 2016). For business activities to be economically valuable, and at the same time socially and environmentally responsible, this strategy should result from social dialogues with all interested parties (Mizera 2008).…”

Section: Theoretical Implicationsmentioning

confidence: 99%

Corporate Social Responsibility and Corporate Financial Performance, Case of Vietnamese Listed Companies

Duc¹,

Thuy²,

Tien³

2018

ZNPCZ

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Social responsibility has begun to draw attention in Vietnam in recent years. Corporate Social Responsibility (CSR) is still a very new concept and pioneers, both researchers and practitioners, in this area are facing numerous challenges in executing CSR programs in Vietnam. For the purpose of studying the impact of CSR on the financial performance of the firm, we studied a sample of 30 listed Vietnamese firms in the food industry over the period of 2013-2015. We used archival data as the input data for the quantitative research method to produce regression models and examine the relationship between CSR and corporate financial performance (CFP) in Vietnam. The results show that there is no significant relation between the two factors. On the basis of the findings, some suggestions are made for rational directions to improve the social responsibility of enterprises in Vietnam.

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Corporate Social Responsibility: The Context of Stakeholders Pressure in Lithuania

Cited by 7 publications

References 16 publications

Corporate financial performance due to sustainable development in Vietnam

Corporate financial performance due to sustainable development in Vietnam

Sustainability Reporting and Value Relevance of Financial Statements

Corporate Social Responsibility and Corporate Financial Performance, Case of Vietnamese Listed Companies

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