Overview of Sustainability Initiatives by Private Sector in Asia Pacific with a Focus on Timber Product

Giri, Kalpana; Anjanappa, Janardhana

doi:10.2139/ssrn.2996150

Cited by 3 publications

(2 citation statements)

References 8 publications

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“…The growth of CSR in ASEAN region is traceable through the entry of multinational corporation (MNC) into the area as it marks the beginning of liberation and globalisation where the stakeholders are demanding higher expectation towards business organisations (Giri, & Anjanappa, 2017). In this study, CSR was targeted to have more reachability to most of the corporate stakeholders in where telecommunications sector appeared to be involved in almost everybody in the targeted group as in the last 20 years; mobile phones have emerged from an expensive device to easily affordable and accessible.…”

Section: Introductionmentioning

confidence: 99%

Corporate Social Responsibility and Financial Performance: The Case of ASEAN Telecommunications Companies

Hashim

Ries

Huai

2019

KSS

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This paper examines the relationship between corporate social responsibility and financial performance in ASEAN (The Association of Southeast Asian Nations (ASEAN) is a regional intergovernmental organization comprising ten countries in Southeast Asia, which promotes intergovernmental cooperation and facilitates economic, political, security, military, educational, and sociocultural integration among its members and other countries in Asia) telecommunications companies. Corporate social responsibility (CSR) dimensions assessed in this study include community, corporate governance, employee relations, and the environment. Meanwhile, financial performance is obtained by analysing the organisation’s return on assets (ROA). Although there have been past studies, investigate the relationship between CSR and Financial Performance (FP), cross-country, and through structural equation modeling, there is still a lack of data focusing in ASEAN telecommunications industry. Therefore, using 17 telecommunications companies in ASEAN countries based on their five years’ annual reports (2013-2017), this study attempt to provide empirical evidence on the possible relationship between CSR and FP. However, this study found no significant relationship between the two. This study provides a more in-depth understanding theoretically and practically on corporate social responsibility on financial performance in ASEAN telecommunications industry.

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Section: Introductionmentioning

confidence: 99%

Corporate Social Responsibility and Financial Performance: The Case of ASEAN Telecommunications Companies

Hashim

Ries

Huai

2019

KSS

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“…However, social, economic, and political problems still overshadow economic progress in ASEAN. The rapid economic development has made environmental scientists concern about Sustainable Development Goals (SDGs) achievement in ASEAN (Giri & Anjanappa, 2017). In addition, sustainability disclosure is still voluntary for corporations.…”

Section: Literature Review and Hypothesis Development Csr In Aseanmentioning

confidence: 99%

Should Companies Engage In CSR? Evidence From CSR Impact On Cost Of Capital In Top Asean Companies

Prihastiwi

Fatimah

2020

JAB

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The growing concern of business's effect on social and the environment has been unprecedented. Companies must do their part as corporate citizens. Despite the rising public demand, many companies still hesitate in doing so. The purpose of this study is to give evidence that engaging in CSR activities can have an impact on the cost of capital, represented by the cost of equity (COE) and the cost of debt (COD). Using 200 companies in ASEAN during the period 2017-2019 as samples, we estimate the relationship between a company's sustainability reporting and its COE and COD. COE is measured based on an excess of return and COD is measured by interest rate. Utilizing multiple regression analysis, the findings showed that disclosure of CSR activities can help reduce COE. However, the analysis result provides no evidence regarding the relationship between sustainability reporting and COD. This study provides evidence that engaging in CSR can give benefit to companies through the reduction of COE.

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Creating Sustainable Contribution to the Environment

Joseph

Kulkarni

2020

International Journal of Social Ecology and Sustainable Development

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In the current environment, there is an increased thrust to outsource manufacturing activities to developing countries. Countries such as India are actively inviting MNCs to partner with micro, small, and medium enterprises (MSMEs). It is assumed that these initiatives would act as an incentive to increase their economic development. As most of the national, international agencies and regulatory bodies focus on the larger companies it is often ignored to account for the contribution of MSMEs towards improving sustainability. As every nation-state has a vital role to play in ensuring the successful implementation of the sustainable development goals (SDGs), it is important to study and document the contribution of this sector towards SDGs. This article tries to document small but effective sustainable development initiatives by MSMEs. It tries to map the contribution of the four selected MSMEs towards SDGs. All these efforts are beyond the compliance requirement mandated to MSMEs in India.

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Overview of Sustainability Initiatives by Private Sector in Asia Pacific with a Focus on Timber Product

Cited by 3 publications

References 8 publications

Corporate Social Responsibility and Financial Performance: The Case of ASEAN Telecommunications Companies

Corporate Social Responsibility and Financial Performance: The Case of ASEAN Telecommunications Companies

Should Companies Engage In CSR? Evidence From CSR Impact On Cost Of Capital In Top Asean Companies

Creating Sustainable Contribution to the Environment

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