Organized labor and corporate philanthropy: Evidence from Korea

Song, Hakjoon; Chun, Hongmin; Brodmann, Jennifer; Song, Youngjun

doi:10.1111/beer.12267

Cited by 3 publications

(3 citation statements)

References 64 publications

(153 reference statements)

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“…Climate destabilisation and the exploitation of workers in developing countries have evolved into topics for business (Shafer & Lucianetti, 2018, p. 274). NGOs (Valor & Merino de Diego, 2009), the media (Dobele, Westberg, Steel, & Flowers, 2014; Koch, Denner, Viererbl, & Himmelreich, 2019), politicians, trade unions (Song, Chun, Brodmann, & Song, 2020), and the public criticise business for ecological and social irresponsibility (Wright & Nyberg, 2017, p. 1635). Together with internal motivation for taking adequate CSR action (Ditlev‐Simonsen & Midttun, 2011; Heikkurinen & Mäkinen, 2018:594–595), such negative attention compels companies not only to make substantial CSR efforts, but also to produce much jargon.…”

Section: Introductionmentioning

confidence: 99%

CSR politics of non‐recognition: Justification fallacies marginalising criticism, society, and environment

Norberg

2020

Business Ethics: A Eur Rev

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Business is frequently criticized for not taking social and environmental responsibility. Large companies respond with CSR activities and some also with formulating justifications for their actions. This could indicate that business opens up to the criticism. I do, however, not observe such openness in the current study, but how companies use “CSR justifications” to fend off criticism. While companies use justifications as tool for creating legitimacy, I distinguish five justification fallacies. These failures in dealing with criticism cause a marginalisation of criticism, society, and environment. The fallacies found are neglecting criticism, shareholder primacy, organisation‐centricity, conflict avoidance, and progressivism. I contribute to the use of Habermasian ethics in the business ethics literature by showing how CSR justifications could play a part in a rational discourse. The concept justification fallacy, and the five fallacies can provide a framework for analysing corporate rhetoric more generally. Managers have fundamental difficulties in handling ethics and do not reflect on their reasons for working with CSR. They should be more careful when formulating justifications. In our situation of increasing affective polarisation, business needs to be more constructive than merely to marginalise criticism.

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Section: Introductionmentioning

confidence: 99%

CSR politics of non‐recognition: Justification fallacies marginalising criticism, society, and environment

Norberg

2020

Business Ethics: A Eur Rev

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“…We compiled a sample of private Korean firms that never went public along with their financial and corporate donation data for 2002–2019 from the Total Solution 2000 (TS2000) and Korea Investors Services (KIS) Value databases. These databases have been used by existing studies (Oh et al 2018 ; Song et al 2020 ). We selected our sample companies based on the following criteria: (1) complete financial and corporate donation expense data available in the TS2000 and KIS Value databases, (2) fiscal year end of December 31, 6 and (3) the firms operate in a non-financial industry.…”

Section: Methodsmentioning

confidence: 99%

Economic policy uncertainty and corporate donation: evidence from private firms in Korea

2022

Self Cite

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This study examines the association between economic policy uncertainty (EPU) and private firms’ corporate donations. Based on resource constraints and the conservation of resources (COR) theory, we argue that private firms are constantly facing resource constraints and their resource conservation motive becomes apparent when EPU is heightened. Therefore, we expect that corporate donations are negatively related to EPU. Using audited corporate donations from 48,903 private firms in Korea during 2002–2019, we find that private firms’ donations are negatively related to EPU. We find that private firms operating in more competitive conditions increase their donations, but this positive association between market competition and donations is moderated by EPU. We find that private firms’ donations increased when the progressive party is in power, but this positive relationship is also moderated by EPU. Our results suggest that firms reduce their level of corporate giving to conserve resources as a precautionary saving motive when they face higher EPU. Our paper contributes to the strand of literature on corporate donations and EPU by providing evidence that EPU significantly affects private firms’ donations. We also find that firms’ strategic motives and political pressure to engage in corporate donations are moderated by EPU.

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“…Ref. [89] proposed the strategic management of stakeholder relations and identified two relationships that are decisive-that is, they have a direct and statistically significant impact-with regard to the financial performance of a company: employee relations and customer relations [89,90]. The literature also reveals that assessments of corporate social performance are linked to the company's reputation for being an attractive employer [91].…”

Section: Stakeholder Dimensionmentioning

confidence: 99%

Exploring the Impact of Corporate Philanthropy on Brand Authenticity in the Luxury Industry: Scale Development and Empirical Studies

Leo

Robinot

2023

Sustainability

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The objective of this study was to investigate the concept of perceived corporate philanthropy (PCP) among consumers of luxury goods and examine the differences these consumers perceive in terms of philanthropic actions, particularly within the luxury sector. To address this question, we adopted the following approach: (1) Defining the concept of PCP through an extensive analysis of 2590 articles using GEPHI methodology. (2) Developing a measurement scale for the PCP construct. (3) Exploring the impact of PCP on perceived brand authenticity by comparing consumers of luxury hotels and standard hotels. The results of our multigroup analysis indicated a significant difference among consumers. Corporate philanthropic strategies had a notably stronger influence on the perception of PCP among luxury hotel consumers. This finding underscores the substantial divergence within the luxury marketing literature. These consumers seek brands that align with their desire to associate themselves with robust and authentic brands that carry symbolic significance, which allows them to identify and connect with these brands. By consuming these brands, they are able to attain their desired status. This study sheds light on a significant variable in contemporary marketing, namely, PCP, which provides new avenues for differentiation and leverage within the luxury goods industry. As a result, this study provides valuable managerial recommendations to companies and NGOs, aiming to assist them in tailoring their philanthropic strategies to effectively resonate with their target audiences and bolster their brand reputation.

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Organized labor and corporate philanthropy: Evidence from Korea

Cited by 3 publications

References 64 publications

CSR politics of non‐recognition: Justification fallacies marginalising criticism, society, and environment

CSR politics of non‐recognition: Justification fallacies marginalising criticism, society, and environment

Economic policy uncertainty and corporate donation: evidence from private firms in Korea

Exploring the Impact of Corporate Philanthropy on Brand Authenticity in the Luxury Industry: Scale Development and Empirical Studies

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