Factors affecting retailer social responsibility: a PLS-SEM approach in the context of Bangladesh

Abstract

Purpose This study aims to examine the determinants of retailer social responsibility (RSR) in Old Dhaka City and their impact on RSR practices. Design/methodology/approach A cross-sectional design was used to collect primary data from 180 retailers through a questionnaire survey. The study used partial least squares structural equation modeling to analyze the data and examine the relationships among the determinants of RSR. Findings The study found that economic and ethical factors positively and significantly affect RSR practices, while social and environmental factors negatively but not significantly affect RSR practices. Cultural factors were also found to positively and significantly affect RSR practices. Practical implications This study provides insights for retailers and policymakers to enhance their RSR practices by considering economic, ethical and cultural factors. The findings also contribute to the existing literature on stakeholder theory by highlighting the importance of considering multiple stakeholders in RSR practices. Originality/value This study provides insights into the determinants of RSR in a unique setting in associating stakeholder theory and in Bangladesh, which has received limited attention in the literature on RSR.

The effect of social media entrepreneurship on sustainable development: Evidence from online clothing shops in Bangladesh

“…As emphasized by Saunders, Lewis [ 60 ] and corroborated by Sarstedt, Ringle [ 72 ], the concept of Average Variance Extracted (AVE) serves as a measure that encapsulates the extent of variation captured by a construct relative to the variance stemming from measurement errors. To establish robust convergence, it is strongly recommended that an AVE of at least 0.50 be attained [ 60 , 65 , [72] , [73] , [74] ]. Notably, as articulated by Hair, Hult [ 65 ], an AVE below 0.50 signifies that survey items contribute more to errors than to the variance within the constructs.…”

Greening Emerging Economies: Enhancing Environmental, Social, and Governance Performance through Environmental Management Accounting and Green Financing

“…By prioritizing social responsibility, companies can improve employee satisfaction, enhance community relations, and foster inclusive growth. This social dimension of sustainability is essential for building trust and maintaining a positive reputation among stakeholders [68]. Sustainable production helps companies comply with environmental regulations and manage risks associated with environmental and social issues [69].…”

Does CSR affect investment efficiency? The moderating role of company reputation

“…Zamir et al (2022) developed an important positive association between CSR and INE utilising disclosures on social responsibilities. The further CSR operations a company undertakes, the more likely it is to receive the related rewards, as opposed to companies who do not participate in those practises (see also Islam et al, 2023;Lee, 2020;Lin et al, 2021;Liu and Tian, 2021;Zhong and Gao, 2017).…”