Making sense of the black box: An empirical analysis investigating strategic cognition of CSR strategists in a transitional market

Investment in intangible resources and capabilities spurs sustainable competitive advantage and firm performance

“…Firms currently stretch considerable value to sponsor CSR activities because it enhances firms' financial and social performance (Vallaster, ). Subsequently, a considerable investment in CSR activities and its proper disclosure creates internal fundamental intangible resources (corporate culture, employees' morale, and knowledge; Gagalyuk et al, ; Khan, ). The external reflection of CSR activities comes in the form of good public relations, positive image, superior goodwill, better reputation, and attractive public opinion referred to as firms' valuable intangible assets (Anbarasan & Sushil, ; Saeidi et al, ).…”

“…The conventional approaches of operation are commutated vigorously by impending intangible resources and capabilities (Surroca, Tribo, & Waddock, ; Tandon, Purohit, & Tandon, ). Firms concurrently accentuate investment in intangible resources over tangible and physical assets (Monteiro, Soares, & Rua, ) and focus on meeting the expectations of multiple stakeholders (Vallaster, ; Khan, ) rather than shareholders only (Javed, Rashid, & Hussain, ). For instance, firms nurtured substantial fascination in corporate social responsibility (CSR; Khan, ) and intellectual capital (IC; Tandon et al, ) and strengthened their financial capability (FC; Fonseka, Yang, & Tian, ).…”

“…Firms concurrently accentuate investment in intangible resources over tangible and physical assets (Monteiro, Soares, & Rua, ) and focus on meeting the expectations of multiple stakeholders (Vallaster, ; Khan, ) rather than shareholders only (Javed, Rashid, & Hussain, ). For instance, firms nurtured substantial fascination in corporate social responsibility (CSR; Khan, ) and intellectual capital (IC; Tandon et al, ) and strengthened their financial capability (FC; Fonseka, Yang, & Tian, ). This study builds upon the perspectives of resource‐based view (RBV) and stakeholders theory (Yadav, Han, & Kim, ) and understands the views of scholars, who envisage the investment in CSR, IC, and FC as intangible resources and capabilities (Branco & Rodrigues, ; Fonseka et al, ; López‐Gamero, Zaragoza‐Sáez, Claver‐Cortés, & Molina‐Azorín, ; Surroca et al, ).…”

“…SMEs in Pakistan pertain 99% of the all business firms while contributing more than 80% employment opportunities and a 40% share of gross domestic product (Khalique et al, ). Many firms in Pakistan participate in philanthropic and charity activities, but the concept of CSR in Pakistan still is in a crescent and transition stage (Khan, ).…”

Penguatan Pengungkapan Corporate Social Responsibility Dan Market Value Added Melalui Modal Intelektual

“…Kemudian leverage menunjukkan kapabilitas perusahaan dalam memenuhi kewajiban membayar utang yang dijamin dengan aset perusahaan. Peng ukurannya dengan cara total utang dibagi total aset (Alipour & Pejman, 2015; Khan, 2018). Terakhir sektor industri yang memiliki pengaruh erat terhadap pengungkapan CSR dikarenakan beberapa sektor industri ada yang terkait secara langsung dengan lingkungan dan sebagian lainnya tidak bersentuhan langsung dengan masalah lingkungan, contohnya sektor keuangan (Ibrahim, Solikahan, & Widyatama, 2015 Omar & Zallom (2016).…”