Do CSR Determinants Stimulate Profits: Analysis of Retail Companies in UK

Sughra, Ghulam; Crowther, David

doi:10.1108/s2043-052320150000008006

Cited by 2 publications

(6 citation statements)

References 34 publications

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“…Particularly, companies with larger, more diverse, independent and more active boards. Therefore, it could be argued that a greater (Solomon, 2013), is cannot be overemphasised as it enhances the implementation of CSR practices among the UK companies (Sughra and Crowther, 2015). The timing of this study is crucial in that it will play a pivotal role in shaping the future of CSR practices and disclosure among the UK firms, especially those in the retail and extractive industries.…”

Section: Discussionmentioning

confidence: 98%

“…Particularly, companies with larger, more diverse, independent and more active boards. Therefore, it could be argued that a greater compliance with the UK Corporate Governance Code (UK CGC), which promotes the principles of good governance (Solomon, 2013), is cannot be overemphasised as it enhances the implementation of CSR practices among the UK companies (Sughra and Crowther, 2015).…”

Section: Discussionmentioning

confidence: 99%

“…For example, retailers have the ability to interfere and propose changes in the production stages and influence customer’s consumption patterns (Jones et al , 2013). As a result, they are under continuous pressure from a wide range of stakeholders to enhance their social and environmental obligations and promote stable and sustainable world (Sughra and Crowther, 2015; McWilliams and Siegel, 2000; Idowu and Towler, 2004).…”

Section: Literature Review and Hypotheses Developmentmentioning

confidence: 99%

“…For instance, firms that disclose CSR information gains competitive advantage, improves staff loyalty, enhances customer loyalty and trust as well as attracts high-income customers (Ganesan et al , 2009; Hancock, 2005; Idowu and Towler, 2004). Another strand of the study report that CSR disclose attract investors’ attention and improves the relationship of the firm with a wide range of stakeholders and overall improve profitability (Sughra and Crowther, 2015; McWilliams and Siegel, 2000; Idowu and Towler, 2004; Girod and Bryane, 2003).…”

Section: Literature Review and Hypotheses Developmentmentioning

confidence: 99%

“…Several other initiatives were also introduced to encourage transparent reporting, one of which is the FTSE4GOOD index of the London stock exchange and the Business in the Community (KPMG International, 2017). Currently, the UK is a prominent promoter of CSRR and one of the top 10 countries with the highest CSRR rate in the world (Sughra and Crowther, 2015).…”

Section: Introductionmentioning

confidence: 99%

See 4 more Smart Citations

Antecedents of corporate social responsibility disclosure: evidence from the UK extractive and retail sector

Wang

Yekini

Babajide

et al. 2022

IJAIM

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Purpose This study aims to examine the level of corporate social responsibility (CSR) disclosure among the UK extractive and retail sectors and consequently ascertain whether corporate board characteristics and firm characteristics can explain observable differences in the extent of CSR disclosure. Design/methodology/approach Based on the KPMG survey 2017, the sample comprises all the firms in the extractive industries, such as mining and oil and gas and also retail industries, such as food and drug retailers and general retailers for the sample period of 2005 to 2018. Findings The findings show that the level of CSR disclosure from extractive sector is much higher than that of their counterparts in retail sector. In addition, the multiple regression results show that CSR disclosure is positively and significantly associated with board gender diversity, board independence, board size. Nevertheless, the results show that board meetings and Chief Executive Officer duality do not have a significant impact on CSR disclosure. Originality/value This study contributes to the existing literature on CSR in that it advances the understanding of the interaction between governance mechanisms and specific firm characteristics of two distinct sectors of the UK economy and how this in turn influences the CSR in the two sectors.

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Section: Discussionmentioning

confidence: 98%

Section: Discussionmentioning

confidence: 99%

Section: Literature Review and Hypotheses Developmentmentioning

confidence: 99%

Section: Literature Review and Hypotheses Developmentmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

See 3 more Smart Citations

Antecedents of corporate social responsibility disclosure: evidence from the UK extractive and retail sector

Wang

Yekini

Babajide

et al. 2022

IJAIM

View full text Add to dashboard Cite

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Impact of corporate social responsibility practices on consumer purchase intention of apparel products with mediating role of consumer-retailer love

Chan,

Mohd Suki,

et al. 2023

SRJ

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Purpose Companies with corporate social responsibility (CSR) practices care about customers, society, the environment and workers. This study aims to examine the impact of CSR practices (i.e. economic CSR, environmental CSR and societal CSR) on consumers’ purchase intention of apparel products, with the mediating role of consumer-retailer love on this relationship. Design/methodology/approach Data gathered using purposive sampling technique from 300 young online consumers using purposive sampling were analyzed using partial least squares structural equation modeling via SmartPLS3.0. Findings The results reveal that CSR practices (i.e. environmental CSR and societal CSR) have a positive influence on purchase intention for apparel products. Moreover, consumer-retailer love mediates the relationship between CSR practices (i.e. economic CSR and environmental CSR) and consumers’ purchase intention for apparel products. Practical implications Apparel retail marketers should focus on key determinants when designing CSR campaigns and communicating these CSR initiatives in social media and annual reports. They should also focus on their service quality to create a good perception (images) that helps measure the emotional response (love) between the retailer and consumers. Originality/value By applying the triple bottom line framework and the stimulus-organism-response model in a single framework, this study is unique and highlights the role of consumer-retailer love as an important mediator on the impact between CSR practices (i.e. economic CSR, environmental CSR, societal CSR) and consumers’ purchase intention of apparel products. The findings represent a new contribution to the existing literature, as there has been very limited research on this relationship in a developing nation context.

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Do CSR Determinants Stimulate Profits: Analysis of Retail Companies in UK

Cited by 2 publications

References 34 publications

Antecedents of corporate social responsibility disclosure: evidence from the UK extractive and retail sector

Antecedents of corporate social responsibility disclosure: evidence from the UK extractive and retail sector

Impact of corporate social responsibility practices on consumer purchase intention of apparel products with mediating role of consumer-retailer love

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