Mandatory corporate social responsibility and firm performance in emerging economies: An institution-based view

Balon, Virendra; Kottala, Sri Yogi; Reddy, Kotapati Srinivasa

doi:10.1016/j.stae.2022.100023

Cited by 26 publications

(16 citation statements)

References 96 publications

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“…In these incubators, social impact, ethical business learning and corporate social responsibility (CSR) form the core of their identity (Sansone et al. , 2020; Balon et al. , 2022).…”

Section: Resultsmentioning

confidence: 99%

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The role of social start-ups in entrepreneurial behaviour: the search for efficiency

Sanchez-Robles,

Soriano,

Puertas

et al. 2023

IJEBR

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PurposeIn a world where sustainability is a major aim at all socioeconomic levels, social entrepreneurship plays an important role in achieving the goals that have been set. The purpose of this study is to broaden the knowledge of social start-ups, social incubators and founding teams, highlighting the value of each one. The aim is to use quantitative analysis to determine the possible link between social incubators and social start-up success and identify the founding team profile of social start-ups from each sector according to a sector-based ranking.Design/methodology/approachBootstrap data envelopment analysis (DEA) was used to calculate the efficiency of social incubators and social start-ups and thus quantify the impact, in terms of increased efficiency, of social incubators on social start-ups. Then, using cross-efficiency methodology, a synthetic index was used to analyse the founding team profile of social start-ups. The study is based on primary data from a survey of Spanish social incubators and social start-ups.FindingsThe study provides strong quantitative evidence of the positive effect of social incubators on the development of social start-ups. The size of this effect exceeds the know-how of start-ups. In terms of efficiency gains, this research quantifies the impact of social incubators on this entrepreneurial ecosystem. This impact exceeds 35%. The study also shows that the strongest social start-ups are in the food and information and communication technology (ICT) sectors. The founding teams in these cases have a strong business background, have a high educational level, receive subsidies and express a desire to retain control of the company.Originality/valueThere is an extensive literature dedicated to the analysis of the behaviour and characteristics of traditional incubators, accelerators and start-ups. However, despite the recent rise of social entrepreneurship, studies of social incubators and social start-ups remain scarce. This study provides two novel findings. (1) It shows the importance of creating a social start-up in a context where it receives support throughout all its development stages, providing quantitative insight into the contribution of social incubators and social start-ups. (2) It reveals the profile of founding teams in the highest-ranked business sectors.

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“…In these incubators, social impact, ethical business learning and corporate social responsibility (CSR) form the core of their identity (Sansone et al. , 2020; Balon et al. , 2022).…”

Section: Resultsmentioning

confidence: 99%

“…These percentages are low given the scope of tasks undertaken by the incubators. In these incubators, social impact, ethical business learning and corporate social responsibility (CSR) form the core of their identity (Sansone et al, 2020;Balon et al, 2022).…”

Section: Resultsmentioning

confidence: 99%

The role of social start-ups in entrepreneurial behaviour: the search for efficiency

Sanchez-Robles,

Soriano,

Puertas

et al. 2023

IJEBR

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“…Another study highlighted that mandating corporate social responsibility on investments made the firm an important aspect in increasing the economy of the nation. A study was done on India’s emerging market which stated that the governing body has a social responsibility to learn and adapt certain policies to create a sustainable environment for the businesses such that firms gain an advantage and achieve profitability over the years [ 35 ]. Hence when evaluating the business success of startups or small firms, business features such as business demographics and founders’ vision as well as support from the government plays an important role in giving enough information to make a successful prediction.…”

Section: Business Success and Investor-business-market Interplaymentioning

confidence: 99%

Exploring investor-business-market interplay for business success prediction

2023

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The success of the business directly contributes towards the growth of the nation. Hence it is important to evaluate and predict whether the business will be successful or not. In this study, we use the company’s dataset which contains information from startups to Fortune 1000 companies to create a machine learning model for predicting business success. The main challenge of business success prediction is twofold: (1) Identifying variables for defining business success; (2) Feature selection and feature engineering based on Investor-Business-Market interrelation to provide a successful outcome of the predictive modeling. Many studies have been carried out using only the available features to predict business success, however, there is still a challenge to identify the most important features in different business angles and their interrelation with business success. Motivated by the above challenge, we propose a new approach by defining a new business target based on the definition of business success used in this study and develop additional features by carrying out statistical analysis on the training data which highlights the importance of investments, business, and market features in forecasting business success instead of using only the available features for modeling. Ensemble machine learning methods as well as existing supervised learning methods were applied to predict business success. The results demonstrated a significant improvement in the overall accuracy and AUC score using ensemble methods. By adding new features related to the Investor-Business-Market entity demonstrated good performance in predicting business success and proved how important it is to identify significant relationships between these features to cover different business angles when predicting business success. Graphical Abstract

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“…A related study also identi􀅫ied innovative performance is the possible bridge that 􀅫ills the gap between corporate social responsibility and creation (Mbanyele, Huang, Muchenje, & Wang, 2022). Prior literature is enriched on the relationship between CSR and a 􀅫irm's value (Liu et al, 2022), CSR and competitiveness (Balon, Kottala, & Reddy, 2022;, CSR and service innovation performance (Chen, 2022), CSR and sustainable value creation (Salvioni & Gennari, 2017), CSR and social value practices (Amato & Falivena, 2019). The current research continues such literature by focusing on CSR and value-creation relations.…”

Section: Introductionmentioning

confidence: 99%

Impact of Corporate Social Responsibility on Value Creation: The Mediating Role of Innovative Performance

Nausheen¹,

Mahmood²,

Imran³

et al. 2022

J. manag. pract. humanit I am. sci

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Corporate Social Responsibility (CSR) and innovation performance are vital constituents of value creation. In this regard, the present study investigated the mediating role of innovation performance between corporate social responsibility and value creation in citrus 􀅫irms of the Sargodha region. This quantitative research collected data through a survey questionnaire using a purposive sampling technique from 350 respondents. The data analysis tool deployed was SPSS. The results depicted that CSR has signi􀅫icant positive effects on innovation performance. Also, innovation on performance has a strong association with value creation. The role of innovation performance as a mediator between CSR and value creation was also af􀅫irmed through Hayes Process model 4. Discussion on these results, along with recommendations for practitioners and policymakers, are also included at the last of the research. This study will open new avenue for scholars and as well for practitioners in different sectors.

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Mandatory corporate social responsibility and firm performance in emerging economies: An institution-based view

Cited by 26 publications

References 96 publications

The role of social start-ups in entrepreneurial behaviour: the search for efficiency

The role of social start-ups in entrepreneurial behaviour: the search for efficiency

Exploring investor-business-market interplay for business success prediction

Impact of Corporate Social Responsibility on Value Creation: The Mediating Role of Innovative Performance

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