Labour reputation and financial performance: is there a causal relationship?

Odriozola, María D.; Martín, Antonio Eduardo Humero; Luna, Ladislao

doi:10.1108/er-04-2017-0093

Cited by 14 publications

(14 citation statements)

References 83 publications

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“…The research on the relationship between CSR and CFP is saturated (e.g., References [13,14]). Many studies found that CSR can improve CFP through a variety of channels, such as labor reputation [15], customer awareness [16], labor productivity [17], and improved transparency [18]. Some studies found a negative relationship (e.g., Reference [19]), citing an agency problem or shareholder-stakeholder conflicts.…”

Section: Literature Review and Discussionmentioning

confidence: 99%

CSR-Contingent Executive Compensation Incentive and Earnings Management

Thibodeau

2019

Sustainability

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This paper empirically studies the connection between earnings management and corporate social performance, conditional on the existence of CSR-contingent executive compensation contracts, an emerging practice to link executive compensation to corporate social performance. We find that executives are more likely to manipulate earnings to achieve their personal compensation goals when CSR rating is low, as well as their CSR-contingent compensation. Because of public pressure on their excessive total compensation, corporate executives see no need to manipulate earnings to increase compensation when their CSR-contingent compensation is already high. Our results suggest that earnings management and CSR-contingent compensation are substitute tools to serve the interests of executives, which is an agency problem that was never previously studied. Additionally, we explore how managerial characteristics affect earnings management, driven by the incentive effects of CSR-linked compensation.

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Section: Literature Review and Discussionmentioning

confidence: 99%

CSR-Contingent Executive Compensation Incentive and Earnings Management

Thibodeau

2019

Sustainability

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“…Looking at other performance metrics, McGuire et al [3] found significant correlations between social responsibility and return on assets (ROA), Debt/Assets, Beta and standard deviation of total returns. More recent studies focus on different aspects of CSR and their impacts on firm outcomes, including labor reputation [18], customer awareness [19], labor productivity [20] and improved transparency [21]. In this study, we attempt to use numerous firm and executive characteristics to determine if consistent results can be obtained.…”

Section: Firm Performance and Corporate Social Responsibilitymentioning

confidence: 97%

The Effect of Corporate Visibility on Corporate Social Responsibility

Morris

Young

2019

Sustainability

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Outside of direct ownership, the general public may feel it is an implicit stakeholder of a firm. As the public becomes more vested in a firm’s actions, the firm may be more likely to engage in Corporate Social Responsibility (CSR) activities. We proxy for the public’s stake in a firm with public visibility. Based on 3400 unique newspaper publications from 1994–2008, we measure visibility for the S&P 500 firms with the frequency of print articles per year concerning the firm. We find that visibility has a signficant, positive relationship with the CSR rating. Evidence also suggests this relationship may be causal and working in one direction, from visibility to CSR. While the existing literature provides other factors that influence CSR, visibility proves to have the most significant impact when tested alongside those other factors. Visibility also has a mediating effect on the relationship between CSR rating and firm size. CSR rating and firm size relate negatively for the lowest visibility firms and positively for the highest. This paper provides strong evidence that visibility is an important factor to consider for studies on corporate social performance.

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“…with the perspective of CSR) of these constructs is also seldom conveyed in earlier studies (e.g. Augusto de Oliveira et al., 2019 ; Dee, 2020 ; Hertig et al., 2020 ; Odriozola et al., 2017 ; Salam and Farooq, 2020 ; Sinthupundaja et al., 2018 ; Tracy et al., 2020 ) on the subject matter. As a result, the renunciation of primary objectives of the implementation of CPP, SQ and CSR has inevitably convulsed and led to a major fratricidal subjugation of the underlying philosophy of individual/customer care (i.e.…”

Section: Introductionmentioning

confidence: 91%

“…A number of studies on workplace performance (e.g. Chung, 2016 ; Corvalan, 2018 ; Karanges et al., 2015 ; Odriozola et al., 2017 ; Sutherland, 2017 ) have confirmed that engaged employees are more creative and more productive for their organizations. According to Rameshkumar (2019) EE has a strong impact on organizational commitment.…”

Section: Literature Reviewmentioning

confidence: 99%

Cleaner production practices at company level enhance the desire of employees to have a significant positive impact on society through work

Farooq

Salam

2021

Journal of Cleaner Production

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Implementation of cleaner production practices (CPP), service quality (SQ) and corporate social responsibility (CSR) is often studied at organizational level. A number of studies on trio have reported it’s significant impact on overall organizational performance and profitability across the globe. However, not much is studied about the individual level micro influence of these constructs on employee engagement (EE), organizational pride (OP), organizational identification (OI) and “desire to have a significant impact through work” (DSIW). Therefore, this study presents a comprehensive framework for assessing the impact of the implementation of CPP, SQ and CSR on EE, OP, OI and DSIW. Data collected from 320 non-managerial staff members employed at a garments manufacturing company in Pakistan was analyzed using partial least square (PLS) approach. Findings revealed that the implementation of CPP, SQ and CSR plays an important role in shaping EE, OP, OI and DSIW in the garments manufacturing industry. Further, it is found that the implementation of CPP has a non-significant impact on SQ. Additionally, results of the importance-performance map analysis (IPMA) have also confirmed that the implementation of CPP at company level has shown a highest importance and performance amongst all the latent constructs proposed as predictors of DSIW in the garments manufacturing industry. These findings are a step forward and unique contribution of this study in the domain of CPP, SQ, CSR, EE, OP, OI and DSIW.

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Labour reputation and financial performance: is there a causal relationship?

Cited by 14 publications

References 83 publications

CSR-Contingent Executive Compensation Incentive and Earnings Management

CSR-Contingent Executive Compensation Incentive and Earnings Management

The Effect of Corporate Visibility on Corporate Social Responsibility

Cleaner production practices at company level enhance the desire of employees to have a significant positive impact on society through work

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