Environmental, social, governance: Implications for businesses and effects for stakeholders

Engle, Robert L.; Brogi, Marina; Cucari, Nicola; Lagasio, Valentina

doi:10.1002/csr.1871

Cited by 17 publications

(10 citation statements)

References 8 publications

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“…The entrepreneurial capacity to adopt GIs has become a dominant topic in almost all economic discussions taking place among scholars, practitioners and policymakers (Cheng et al, 2018; Engle et al, 2021; Ma et al, 2020; Santamaria et al, 2021). This is because GIs represent the point of intersection of different needs that come from various interlocutors at multiple levels.…”

Section: Discussionmentioning

confidence: 99%

Exploring antecedents of innovations for small‐ and medium‐sized enterprises' environmental sustainability: An interpretative framework

et al. 2022

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The need to pursue sustainable development has become a central topic in Western countries due to citizens' greater sensitivity to improving environmental and social conditions. Companies can reach this objective more easily through green innovations, which are now considered a strategic opportunity that simultaneously allows for adherence to sustainable development criteria and the pursuit of competitive advantages. Scholars have identified the determinants that encourage companies to adopt green innovations, but the outcomes of their investigations thus far have often been ambiguous and contradictory. Our paper proposes an interpretative framework for addressing such inconsistencies. Using the partial least squares structural equation modelling (PLS‐SEM) methodology, we validate this framework on a sample of small‐ and medium‐sized enterprises (SMEs) and show that SMEs' choices are influenced by cultural elements and stimulated by the prospect of obtaining economic advantages over competitors. SMEs also pay close attention to stakeholder solicitations, while public administration does not affect their eco‐innovating choices. The results have policy implications for executives and insiders.

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Section: Discussionmentioning

confidence: 99%

Exploring antecedents of innovations for small‐ and medium‐sized enterprises' environmental sustainability: An interpretative framework

et al. 2022

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Section: Discussionmentioning

confidence: 99%

“…Specially, banks need to develop CSR activities targeted towards legitimacy‐building, because of their role in the economy and the evidence that legitimacy (and trust) is an important resource for survival of banking institutions (Dowling & Pfeffer, 1975). At the same time, all firms are constantly engaging with stakeholders and thus it is vital how their CSR practices are perceived (Engle et al, 2019) and communicated (Santamaria et al, 2021). In the context of banking, depositors and borrowers represent the main stakeholder groups (Branco & Rodrigues, 2008; Khan, 2010).…”

Section: Theoretical Background and Literature Review On Csr In The B...mentioning

confidence: 99%

“…Our results are useful in order to implement an effective customer-acquisition strategy. Finally, since the customer behavior and preferences are changing by changes in technology and the ESG issues(Engle et al, 2019), banks should consider concentrating to a more customer-centric perspective in order to stay competitive. Likewise, clear and direct communication with tools that demonstrate this worry would have a positive effect in performance.ORCIDValentina Lagasiohttps://orcid.org/0000-0003-1357-9974…”

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How corporate social responsibility initiatives affect the choice of a bank: Empirical evidence of Italian context

Lagasio

Cucari

Åberg

2021

Corp Soc Responsibility Env

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For all firms, it is imperative to identify and understand the factors that influence consumers purchasing behaviors and, specifically, identify how customer demographics relate to corporate social responsibility (CSR) activities. However, limited research exists on banking consumer's preferences and responses towards different CSR initiatives. Therefore, using an exploratory survey consisting of 250 received responses of attitudes and perceptions from customers of Italian savings banks, we investigate the interactions between three types of CSR initiatives (ethical behavior towards the environment, social inclusion initiatives, and financing eco-sustainable projects) and respondents' demographic characteristics. We predict that different types of CSR initiatives influence the choice of banking institution among customers with diverse demographic characteristics (age, geographic origin, and type of employment). This research helps in making several important contributions to CSR research which can assist banks in developing effective CSR strategies.

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“…This editorial aims to present the outcome of the Special Issue of Corporate Social Responsibility and Environmental Management titled “Environmental, Social, Governance: implications for businesses and effects for stakeholders” (Engle et al, 2019).…”

Section: Introductionmentioning

confidence: 99%

Environmental, Social, Governance: Implications for businesses and effects for stakeholders

Engle

Brogi

Cucari

et al. 2021

Corp Soc Responsibility Env

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The main goal of the Special Issue is to reflect and analyze ESG issues to provide important insights into the positive and negative implications for corporate strategy, financial and operational performance and stakeholder relations. New implications for companies and for stakeholders associated with ESG rules and practices as well as suggestions to guide policy making, have been addressed in the Special Issue. | BACKGROUND AND FOCUS OF THE SPECIAL ISSUEThe number of firms that employ sustainability strategies and disclose Environmental, Social, Governance (ESG) information is growing worldwide, as ESG concerns are rapidly increasing (Engle III et al., 2020). As pointed out by Larry Fink, Blackrock Chairman and CEO, in his 2020 letter to the CEOs of portfolio companies, "BlackRock announced a number of initiatives to place sustainability at the center of our investment approach, including: making sustainability integral to portfolio construction and risk management; exiting investments that present a high sustainability-related risk, such as thermal coal producers; launching new investment products that screen fossil fuels; and strengthening our commitment to sustainability and transparency in our investment stewardship activities." Moreover, in 2019, the CEOs of nearly 200 companies declared that shareholder value is no longer their main objective and are abandoning the long-held view that shareholders' interests should come first (Business Roundtable, 2019), bearing in mind that "Most CEOs want to do the right thing by all their stakeholders, and most shareholders want to support them in being responsible" (Summers, 2019). This rethinking of purpose is in line with an increasing number of companies that have voluntarily integrated social and environmental policies in their business model and operations, reporting their environmental and social performance, in addition to their financial performance (Serafeim, 2014). Corporate governance and sustainability concerns have gained

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Environmental, social, governance: Implications for businesses and effects for stakeholders

Cited by 17 publications

References 8 publications

Exploring antecedents of innovations for small‐ and medium‐sized enterprises' environmental sustainability: An interpretative framework

Exploring antecedents of innovations for small‐ and medium‐sized enterprises' environmental sustainability: An interpretative framework

How corporate social responsibility initiatives affect the choice of a bank: Empirical evidence of Italian context

Environmental, Social, Governance: Implications for businesses and effects for stakeholders

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