Stakeholders’ Perceptions of Corporate Social Responsibility: Empirical Evidences from Iran

Salehi, Mahdi; Azary, Zhila

doi:10.5539/ibr.v2n1p63

Cited by 27 publications

(25 citation statements)

References 15 publications

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“…CSR has never been satisfactorily addressed in the academic and business practices in Vietnam. It is also evident that the level of expectations of stakeholders related to CSR is greater than the real CSR of companies in developing countries [123]. Results from this paper have many contributions to the field of CSR.…”

Section: Discussionmentioning

confidence: 80%

Corporate Social Responsibility: Findings from the Vietnamese Paint Industry

Tran

Nguyen

2020

Sustainability

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In contemporary society, customers tend to spend money on goods and services they trust not only in terms of their quality but also because of their ethical production standards; therefore, thanks to integrating corporate social responsibility (CSR) into business activities, a company can ensure that their business success is in line with high moral principles and social expectations. Considering the paint business in the Vietnamese context, this study aims to investigate the effects of CSR related to the environmental management practices of companies in the paint industry. By analyzing data collected from 269 project managers and the purchasing managers of construction companies located in Ho Chi Minh City, Vietnam, the findings show that CSR programs generally have a positive relationship with perceived reputation, organizational customer satisfaction, and environmental management practices (EMPs). Furthermore, the results also indicate that EMPs have no significant impact on organizational customer satisfaction, and perceived reputation is not associated with either customer satisfaction or commitment in the business-to-business (B2B) context. It is worth noting that the results provide some managerial recommendations for paint companies.

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Section: Discussionmentioning

confidence: 80%

Corporate Social Responsibility: Findings from the Vietnamese Paint Industry

Tran

Nguyen

2020

Sustainability

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“…However, the research by Talaei and Nejati (Talaei & Nejati, 2008) suggests indexes for the evaluation of CSR in Iranian auto industry, it does not prepare empirical information to survey the social responsibility reporting' status in the nation. To compare the actual with expected extent of corporate social responsibility, Salehi and Azary (Salehi & Azary, 2009) carried out a number of investigations into the Iran environment. They analyzed the data from internal and external auditors, accountants, bankers, financiers, and academicians.…”

Section: Literature Reviewmentioning

confidence: 99%

Corporate sustainability disclosure and market valuation in a Middle Eastern Nation: evidence from listed firms on the Tehran Stock Exchange: sensitive industries versus non-sensitive industries

Mohammadi

Mardani

Khan

et al. 2018

Economic Research-Ekonomska Istraživanja

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This article has received the considerable critical attention that seeking to enhance sustainability disclosure may essentially make progress firms' market valuation. It aims to provide the corporate sustainability disclosure level organized according to the '7 þ 1', seven core subjects of the International Organization for Standardization (ISO) 26000 and the energy disclosure items, then set out to assess the effectiveness of sustainability reporting on the listed firms' market valuation during the period 2010-2015. To achieve this objective, data were collected from a sample of 98 Iranian manufacturing and service organizations from various industry sectors at the Tehran Stock Exchange and generalized method of moments (GMM) approach was conducted for a dynamic panel data to evaluate the effect of the sustainability reporting level on the listed firms' market valuation. As can be seen from the results, the overall extent of sustainability disclosure arranged in accordance with the low rate of sustainability reporting for listed firms in TSE. It was also found that the sensitive firms have a greater level of corporate sustainability disclosure than the other firms. Moreover, sustainability reporting has been shown to be related to market valuations in which firms activating in sensitive industries environmentally with sustainability reporting had higher market valuations than firms activating in non-sensitive industries with sustainability reporting. Our '7 þ 1' sustainability disclosure practice aspects all together with their basic measurement items can be applied as a checklist for assessing how well sustainability disclosure practices are performed at TSE.

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“…Allen et al [2] examine benefit of stakeholder concern on firm value and conclude that benefit of stakeholders is constant because it is decided by local environment or law. Our definition of a stakeholder firm is a general notion of SR [30,71], and is consistent with Jensen's [39] single-valued objective function requirement for purposeful behavior. A firms's concern for SR is interpreted as taking consumer surplus into consideration.…”

Section: Caichun Chai Tiaojun Xiao and Eilin Francismentioning

confidence: 81%

“…So in the paper, refer to Goering [30] and Panda [64], we consider consumer surplus is the exhibition of corporate social responsibility. Thus, following Goering [30], and Salehi and Azary [71], in modeling and analysis we regard concerning the surplus of its own consumers (stakeholders) as the exhibiting of a firm's SR. Specifically, the objective of a SR concern firm is to maximize the traditional pure profit plus a share of the surplus of its own consumers [28,29,30,42,46,48,58,64].…”

Section: Caichun Chai Tiaojun Xiao and Eilin Francismentioning

confidence: 99%

Is social responsibility for firms competing on quantity evolutionary stable?

Chai¹,

Xiao²,

Francis³

2018

Journal of Industrial &Amp; Management Optimization

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This paper studies the evolutionary stable strategies and preferences regarding corporate social responsibility of competing firms. Firms randomly compete with each other in pairs. Shareholder-oriented firms have no social responsibility concern, whereas a firm that is concerned with social responsibility is stakeholder-oriented. Each firm first picks one of two production strategies: shareholder-oriented or stakeholder-oriented, and then decides production quantity. We find that socially responsible firms have lower retail prices. The evolutionary stability of a strategy depends on product substitutability and the degree to which firms care about social responsibility. When product substitutability is relatively high, stakeholder-oriented strategy is the evolutionary stable strategy; if product substitutability is lower than a threshold, shareholder-oriented strategy is evolutionary stable; and with moderate product substitutability, both strategies are evolutionary stable. Furthermore, we consider how the degree of social responsibility preference evolves according to the adaptive dynamics to continuously stable preference. We find that the non social responsibility concern behavior is not an evolutionary stable preference; there is a unique continuously stable degree of social responsibility preference. Furthermore, we find the evolutionary stability of shareholder-oriented and stakeholder-oriented depends on the initial distribution of firms' strategies under the continuously stable social responsibility preference.

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Stakeholders’ Perceptions of Corporate Social Responsibility: Empirical Evidences from Iran

Cited by 27 publications

References 15 publications

Corporate Social Responsibility: Findings from the Vietnamese Paint Industry

Corporate Social Responsibility: Findings from the Vietnamese Paint Industry

Corporate sustainability disclosure and market valuation in a Middle Eastern Nation: evidence from listed firms on the Tehran Stock Exchange: sensitive industries versus non-sensitive industries

Is social responsibility for firms competing on quantity evolutionary stable?

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