Did Corporate Social Responsibility Vaccinate Corporations Against COVID-19?

Poursoleyman, Ehsan; Mansourfar, Gholamreza; Hassan, M. Kabir; Homayoun, Saeid

doi:10.1007/s10551-023-05331-1

Cited by 17 publications

(24 citation statements)

References 110 publications

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“…We created two dummy variables based on the median level of CSRP in each industry groupings. Following Poursoleyman et al (2023), firms with CSRP above their industry median are classified as High_CSRP , and those below their industry median are classified as Low_CSRP . This was estimated using model 4.…”

Section: Resultsmentioning

confidence: 99%

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Corporate social responsibility and dividend payout policy in extraordinary time: Empirical study of South Africa

Buertey

Ramsawak

Dziwornu

et al. 2023

Corp Soc Responsibility Env

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Corporate social responsibility (CSR) is a strategic tool that firms use to gain competitive advantage and enhance profitability in the long run, yet its effect on dividend payout in extraordinary times is limited. Grounded in stakeholder and dual responsibility theories, this study examines the effect of CSR on the relationship between COVID‐19 and dividend payout. Data from the period 2015–2021 were obtained from 114 non‐financial listed firms on the Johannesburg Stock Exchange, South Africa, and analyzed by multivariate and logit regression techniques. COVID‐19 has a negative effect on the amount and likelihood of dividend payment, while CSR performance has a positive effect on the likelihood and amount of dividend payment. However, the result of the negative effect of COVID‐19 on dividend payment does not differ between high and low CSR performing firms. Conversely, the impact of COVID‐19 and CSR on dividend payment differ between high and low financial constraint firms. Shareholders should learn to manage their expectations of dividends payment during times of crisis like COVID‐19, as firms tend to focus more on addressing the needs of stakeholders through CSR initiatives, which will enhance profit in the long term, rather than paying out dividend to shareholders.

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Section: Resultsmentioning

confidence: 99%

“…CSRHub provides data on firms from developed and developing countries, unlike other known CSR data sources. As in Poursoleyman et al (2023), we converted the CSR continuous variables into zero to 100%.…”

Section: Methodsmentioning

confidence: 99%

Corporate social responsibility and dividend payout policy in extraordinary time: Empirical study of South Africa

Buertey

Ramsawak

Dziwornu

et al. 2023

Corp Soc Responsibility Env

View full text Add to dashboard Cite

show abstract

“…The moderating role of COVID-19 corporate social responsibility In response to the challenges posed by the COVID-19 pandemic, organizations can demonstrate their social responsibility by engaging in activities such as making donations and addressing urgent societal needs (Aleksi c et al, 2023;He and Harris, 2020;Poursoleyman et al, 2023). The social identity theory suggests that individuals have an inherent tendency to categorize themselves and establish their identities within the social context, particularly in the face of significant global disasters (Ashforth et al, 2008).…”

Section: The Mediating Role Of State Mindfulnessmentioning

confidence: 99%

“…Then, these positive consequences will decrease employees' negative outcomes (Aleksi c et al, 2023;Rupp et al, 2013). CSR has been found to help employees preserve job resources (Kim et al, 2018;Poursoleyman et al, 2023;Rupp and Mallory, 2015). Abusive behaviors from leaders often lead to deviant outcomes among employees (Zhang et al, 2019).…”

Section: The Mediating Role Of State Mindfulnessmentioning

confidence: 99%

Forced shift to teleworking: how abusive supervision promotes counterproductive work behavior when employees experience COVID-19 corporate social responsibility

Liang,

Wu,

Wang

2024

JOCM

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PurposeThe COVID-19 pandemic necessitated teleworking, which inadvertently led to an impaired communication between supervisors and employees, resulting in abusive supervision. Drawing on the conservation of resources (COR) theory and the social identity theory, this study aims to address this negative association by examining the mediating role of state mindfulness and the moderating role of COVID-19 corporate social responsibility (CSR) in the relationship between abusive supervision and counterproductive work behaviors.Design/methodology/approachThis research employs both qualitative and quantitative research designs. Data collection involved an experimental design with 117 participants (Study 1), a cross-sectional survey with 243 participants (Study 2) and semi-structured interviews with 24 full-time employees (Study 3).FindingsThe results reveal that state mindfulness acts as a mediator in the positive relationship between abusive supervision and counterproductive work behaviors (CWB). Furthermore, COVID-19 CSR mitigates the relationship between abusive supervision and CWB within the organization, but not with the supervisor. Additionally, COVID-19 CSR moderates the impact of abusive supervision on state mindfulness.Practical implicationsThe results emphasize the crucial role of CSR when employees encounter abusive supervision during the COVID-19 pandemic. Organizations and managers should adopt appropriate strategies to enhance employees' perception of CSR. Prioritizing the cultivation of state mindfulness is also recommended, and organizations can provide short-term mindfulness training to improve employees' state mindfulness.Originality/valueThis research contributes to the understanding of abusive supervision and CWB in the context of forced teleworking.

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“…Following the works of Buertey et al (2023) and Poursoleyman et al (2023), COVID-19 is captured as a dummy variable of one (1) for the years 2020 and 2021, and zero (0) otherwise. This is because COVID-19 related restrictions went into effect in South Africa in 2020 and by the end of 2021 many restrictions on movement and social activities had been removed both in South Africa and in many countries globally and life had returned to almost normalcy.…”

Section: Main Research Variables and Measurementmentioning

confidence: 99%

An empirical study on the cushioning effect of corporate social responsibility on the negative impact of COVID‐19 on firm performance

Buertey,

Chu,

Thompson

2023

Corp Soc Responsibility Env

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Embedded in the legitimacy and stakeholder theories in the context of corporate social responsibility (CSR), this study investigates the impact of COVID‐19 on firm performance, and the cushioning effect of CSR on the relationship between COVID‐19 pandemic and firm performance. The sample covers non‐financial firms listed on the Johannesburg Stock Exchange (JSE), South Africa. Data covering the period 2018–2021 were analyzed using multivariate linear fixed‐effect regression techniques. COVID‐19 has had a negative impact on firm performance, proxied by Tobin's Q and Sales Turnover, while CSR has a positive impact on firm performance. We also found that the negative impact of COVID‐19 on firm performance differs between high and low CSR performing firms. Additionally, based on an industry‐level analysis, we provide insight into the most affected and most resilient sectors. The findings should motivate more firms to take CSR issues more seriously and adopt such practices as part of their long‐term strategic tools to gain competitive advantage and enhance profitability in the long run.

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Did Corporate Social Responsibility Vaccinate Corporations Against COVID-19?

Cited by 17 publications

References 110 publications

Corporate social responsibility and dividend payout policy in extraordinary time: Empirical study of South Africa

Corporate social responsibility and dividend payout policy in extraordinary time: Empirical study of South Africa

Forced shift to teleworking: how abusive supervision promotes counterproductive work behavior when employees experience COVID-19 corporate social responsibility

An empirical study on the cushioning effect of corporate social responsibility on the negative impact of COVID‐19 on firm performance

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