CSR performance and firm performance in the tourism, healthcare, and financial sectors: Do metrics and CSR committees matter?

Kuzey, Cemil; Uyar, Ali; Nizaeva, Mirgul; Karaman, Abdullah S.

doi:10.1016/j.jclepro.2021.128802

Cited by 63 publications

(62 citation statements)

References 71 publications

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“…The strategies that can be offered in the development of the Teritip Tourism Village are training on strengthening human resources for tourism village managers, compiling and carrying out the functions of the tourism village management organization, and applying for CSR (corporate social responsibility) grants from industry. The contribution of CSR funds plays an important role in tourism development and is even believed to be able to improve performance and accelerate tourism development (Koseoglu et al, 2021;Kuzey et al, 2021;Wong et al, 2021).…”

Section: Wo Strategy (Weakness and Opportunities)mentioning

confidence: 99%

Strategies for Village Tourism Development in Coastal During Covid-19: Challenges and Opportunities

MULYANI¹,

KHOLIFAH²,

SAPUTRO³

et al. 2022

GTG

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The Covid-19 outbreak has had a negative impact on the decline in the number of visits in the tourism sector, one of which is the tourist village. The recovery of tourist villages during Covid-19 relies heavily on the role of the Tourism Awareness Community (Pokdarwis). However, the role of the Tourism Awareness Community in the development of tourist villages during Covid-19 is still not clearly discussed. Therefore, this study aims to analyze the tourism village development strategy during COVID-19 by the Tourism Awareness Community in the Teritip Village, Balikpapan-Indonesia. This study uses the QSPM (Quantitative Strategic Planning Matrix) method, which is a method for determining the priority of alternative strategies obtained from a SWOT analysis (Strengths, Weaknesses, Opportunities and Threats). The results showed that the position of the Tourism Awareness Community was in quadrant V (Hold and Maintain), namely market penetration and product development strategies. That is, the professional management of tourist villages is crucial to increasing the number of tourist visits. The management of the tourist village must be able to optimize the resources they have to develop a tourist village in the Teritip Village. In addition, the development of attractive tour packages is also the key to attracting tourists. Therefore, strengthening human resources related to the professionalism of tourism village management is very necessary in order to advance tourism villages.

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Section: Wo Strategy (Weakness and Opportunities)mentioning

confidence: 99%

Strategies for Village Tourism Development in Coastal During Covid-19: Challenges and Opportunities

MULYANI¹,

KHOLIFAH²,

SAPUTRO³

et al. 2022

GTG

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“…The analysis was carried out systematically, starting with the baseline model and then continuing with the full model. The baseline model refers to a recent study of firm performance (Kuzey et al, 2021) by considering board size, board gender diversity, independent directors, free float, firm size, and leverage in the test. This analysis with several factors was carried out also considering previous studies.…”

Section: Methodsmentioning

confidence: 99%

“…First, an investigation with a long observation period since the survey by IICG was conducted from 2001 to 2019. Second, testing using the latest baseline model (Kuzey, Uyar, Nizaeva, & Karaman, 2021). The test was conducted involving several control variables that are important to consider regarding corporate governance (Anwer, Azmi, & Mohamad, 2021;Ararat, Claessens, & Yurtoglu, 2021;Ararat & Yurtoglu, 2021;Hayat & Hassan, 2017;Liu, Lei, & Buttner, 2020;Lu & Wang, 2021;Sarkar & Selarka, 2021) and firm performance (Ballester et al, 2020;García-Ramos & Díaz, 2021;Modigliani & Miller, 1963).…”

Section: Introductionmentioning

confidence: 99%

Corporate Governance Perception Index and Firm Performance in Indonesia

Satrio

2022

mem

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The unique business environment and inconclusive findings make it interesting to conduct investigations related to corporate governance and performance in Indonesia. The investigation is carried out on all firms on the Indonesia Stock Exchange, which The Indonesian Institute for Corporate Governance has surveyed for almost two decades (2001 to 2019). The test results find a significant relationship between corporate governance and firm performance. This study underscores the importance of stakeholders in making a collective contribution to the firm. A series of tests have been carried out to validate these findings, and the results remain robust. This finding has important contributions and implications for regulators and firms, especially in developing countries.

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“…Firms with more debts are subject to greater pressure to pay off their debts, which in turn reduces available financial resources that can be use in philanthropic activities (Zhang et al, 2010). On the other hand, highly leveraged firms are more likely to engage in philanthropic activities in order to appease creditors (Kuzey et al, 2021). Table 1 summarizes the definition of variables used for analysis.…”

Section: J O U R N a L P R E -P R O O Fmentioning

confidence: 99%