Dynamic Capability and Strategic Corporate Social Responsibility Adoption: Evidence from China

Li, Jing Claire; Benamraoui, Abdelhafid; Shah, Nilay; Mathew, Sudha

doi:10.3390/su13105333

Cited by 8 publications

(4 citation statements)

References 66 publications

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“…SOOC includes green innovation and eco-design capabilities and is positively impacted by external resources, improving marketing performance. However, Li et al. (2021) found that firms with a medium level of DC show low adoption and performance in strategic corporate responsibility, an essential component of corporate sustainability.…”

Section: Literature Background and Theoretical Underpinningmentioning

confidence: 99%

Relationship of total quality management with corporate sustainability in the MSME sector: does innovation capability play a mediating role?

Hudnurkar

Ambekar²,

Bhattacharya³

et al. 2022

TQM

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PurposeThis study attempts to find the structural relationship between Total Quality Management (TQM) and Corporate Sustainability (CS) by analyzing the role of Innovation Capability (IC).Design/methodology/approachThe authors conducted the study in the context of manufacturing industries in the Indian Micro Small and Medium Enterprises (MSME) sector. In the process, The authors attempt to throw light on the significance of TQM and IC in bringing out sustainable practices in organizations. The authors used Structural Equation Modeling with AMOS to study the relationship between TQM and CS.FindingsThe authors measured TQM through product control management, process control, vendor quality management and customer relationship improvement. We did find a direct relationship between TQM and CS, along with its three dimensions: environmental sustainability, economic sustainability and social sustainability. TQM was found to be antecedent to IC. IC, measured through product innovation, process innovation and managerial innovation, did not mediate the relation between TQM and CS. However, the link between TQM and social and environmental sustainability partially mediates through IC at the dimension level.Practical implicationsTQM can provide a holistic means of nurturing participation and satisfaction of stakeholders for achieving corporate sustainability and in the process, can create an innovative culture for stimulating a circular social economy.Originality/valueThis study fills the gap in the literature by providing a structural model that explains the relationship between TQM and corporate sustainability and highlights the role of innovation capability in achieving it.

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Section: Literature Background and Theoretical Underpinningmentioning

confidence: 99%

Relationship of total quality management with corporate sustainability in the MSME sector: does innovation capability play a mediating role?

Hudnurkar

Ambekar²,

Bhattacharya³

et al. 2022

TQM

View full text Add to dashboard Cite

show abstract

“…Companies need to develop their capacity to align corporate services and business priorities with stakeholders' needs, including those of non-contractual stakeholders. Companies need dynamic capabilities to develop a sustained competitive advantage by creating intangible and valuable assets, as these abilities are key for exploiting more possibilities and forming effective business strategy [59]. Therefore, in the COVID-19 business climate, dynamic capabilities involve a readiness to fulfil various responsibilities in order to achieve social and environmental goals.…”

Section: Promoting More Resilient Companies To Promote Long-termism Strategic Agility and Dynamic Capabilitymentioning

confidence: 99%

Reimagining Corporate Social Responsibility in the Era of COVID-19: Embedding Resilience and Promoting Corporate Social Competence

Zhao

2021

Sustainability

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The debate over corporate objectives and how companies deal with amplified existing societal inequalities and vulnerabilities has received increasing attention in recent years, especially in the wake of the COVID-19 crisis. The pandemic encouraged companies and policy makers to consider ways to develop a more enabling institutional environment, not only to tackle the ongoing crisis but also to prepare for similar future tests. Against this backdrop, the purpose of this paper is to focus on the significance and effectiveness of ex ante corporate social responsibility (CSR) law approaches in tackling the challenges brought by the pandemic. We investigate the uniqueness of the sustainable development challenges in the era of the pandemic, and introduce “corporate social competence” as a compliance principle in response to the need for forward-looking approaches to risk management and strategic planning. We use two ex ante legislative approaches in company law, namely mandatory CSR policy and legally recognised inclusive business models, as examples to illuminate the contribution of company law to navigate the pandemic beyond philanthropic CSR actions.

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“…Stakeholder theory is viewed as most closely related to CSR by Wood and Jones [86]. Waddock and Graves [87] proposed the concepts of the explicit and implicit cost of a firm from the stakeholder governance perspective and noted that if firms fail to implement CSR, the implicit cost increases, inducing higher explicit cost, thereby losing competitive advantage [88,89]. Managers must strike an effective balance between their stakeholders to avoid transforming implicit costs into explicit ones [90,91].…”

Section: Merchant Group Culture Corporate Social Responsibility and C...mentioning

confidence: 99%

Chinese Merchant Group Culture, Corporate Social Responsibility, and Cost of Debt: Evidence from Private Listed Firms in China

Wang

Humphreys

2022

Sustainability

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Chinese merchant groups are commercial organizations that have developed over thousands of years. Given the importance of private firms to China’s sustainable development, this study investigates the impact of the traditional Chinese concept of merchant groups on corporate social responsibility (CSR) performance and cost of debt, using Chinese private listed firms during 2008–2020. We measure merchant group culture based on the company’s geographic location. Ordinary least squares regression models are used to test the hypotheses. According to the results, the CSR performance of firms from five traditional Chinese merchant groups is better than non-members. A positive relationship exists between the strength of merchant group culture and CSR performance; this relationship is stronger among merchant group companies. The closer the culture to CSR values, the better the CSR performance, which is negatively related to the cost of debt. The findings are in line with the peer effect theory. Therefore, the study provides evidence that it is essential to consider the traditional Chinese merchant group culture for firms’ CSR strategies beyond formal financial and regulatory factors in China. This study is a first step in exploring the impact of merchant group culture in China on CSR performance and the economic application of this relationship.

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Dynamic Capability and Strategic Corporate Social Responsibility Adoption: Evidence from China

Cited by 8 publications

References 66 publications

Relationship of total quality management with corporate sustainability in the MSME sector: does innovation capability play a mediating role?

Relationship of total quality management with corporate sustainability in the MSME sector: does innovation capability play a mediating role?

Reimagining Corporate Social Responsibility in the Era of COVID-19: Embedding Resilience and Promoting Corporate Social Competence

Chinese Merchant Group Culture, Corporate Social Responsibility, and Cost of Debt: Evidence from Private Listed Firms in China

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