The CSR–CFP relationship in the presence of institutional voids and the moderating role of family ownership

Cordeiro, James J.; Galeazzo, Ambra; Shaw, Tara Shankar

doi:10.1057/s41291-021-00157-z

Cited by 18 publications

(19 citation statements)

References 84 publications

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“…The previous literature on CSRD suggests various techniques to measure CSR, that is, content analysis (Li et al, 2017; Maqbool & Zameer, 2018; Rodriguez‐Fernandez, 2016; Zhu et al, 2016), reputed ratings and scores (Cordeiro et al, 2021; Nirino et al, 2020; Simionescu & Dumitrescu, 2018), proxies (Sharma & Aggarwal, 2021), survey (Magrizos et al, 2021; Mishra & Suar, 2010; Suganthi, 2019), and index (Farag et al, 2015; Nyeadi et al, 2018; Zahid et al, 2020).…”

Section: Literature Review and Hypothesesmentioning

confidence: 99%

Multidimensional corporate social responsibility disclosure and financial performance: A meta‐analytical review

Gupta

Das

2022

Corp Soc Responsibility Env

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The emergence of various Corporate Social Responsibility (CSR) disclosure laws around the globe, in the past decade, indicates the significance of CSR for a country as well as for an organization. Organization belief CSR as a strategic tool for enhancing value, still evidence on how CSR disclosure affects financial performance has been inconclusive. To resolve the ambiguity presence in the literature, this study carried out a meta-analytic investigation based on 168 effect sizes from 73 empirical studies. This study employs a multivariate framework to explore the potential moderators that leads to conflicting results among the focal relationship of the study. The study discovers that if CSR disclosure strategy and measurement technique are adequately addressed with the help of econometric tools, then the true effect of CSR can be observed. Moreover, implications are drawn for academicians and practitioners interested in exploring the relationship between CSR disclosure and financial performance.

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Section: Literature Review and Hypothesesmentioning

confidence: 99%

Multidimensional corporate social responsibility disclosure and financial performance: A meta‐analytical review

Gupta

Das

2022

Corp Soc Responsibility Env

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“…On the other hand, CSR activities may be used by emerging market firms to compensate the deficient government policies on social issues and gain a socially responsible firm image (Doh et al , 2015). The institutional context of an emerging market characterized by lower income, inadequate public policy, high information asymmetry and high level of corruption may prevent stakeholders from sound judgement of and thereby rewarding for CSR activities of companies (Cordeiro et al , 2021).…”

Section: Discussionmentioning

confidence: 99%

“…However, a possible disruption in this cycle due to a weak institutional context in emerging countries will hinder the assessment and thereby rewarding of CSR activities of companies by stakeholders. On the company side, this disruption will lead to symbolic instead of substantive approach to CSR activities (Cordeiro et al , 2021).…”

Section: Implications For Research and Practice/policymentioning

confidence: 99%

The credibility of corporate social responsibility reports: evidence from the energy sector in emerging markets

Ateş

2022

SRJ

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Purpose This study aims to explore the underlying motivation of companies in the energy sector for publishing corporate social responsibility (CSR) reports; is it to inform about their strong corporate social performances (CSP) or to seem as committed to CSR matters although they are not? Design/methodology/approach The panel data of the energy and energy utility companies from the Brazil, Russia, India and China (BRIC) countries were analysed by panel logistic and panel ordered logistic regression methods. Findings The main results based on the panel data analyses of the energy and energy utility companies from the BRIC countries reveal that publishing a CSR report as per an international framework, Global Reporting Initiative framework for this study, is a signal for a strong CSP. The results also show that the quality of CSR reports is positively associated with the CSP of the companies. Practical implications The positive correlation between the existence and quality of CSR reports and CSP identified in this study provides evidence for the credibility of CSR reports and hence forms the basis for the suggestion of the usage of CSR report as a reliable tool to assess the sustainability of the energy sector and emerging markets as well. Originality/value This study contributes to the limited literature on the nexus between CSR reporting and CSP for environmentally sensitive industries in emerging markets and enriches the knowledge by investigating overall CSP as well as its three pillars, namely, environmental, social and governance performance.

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“…In accordance with this point of view, we believe that EMNCs’ internal CSR is a vulnerable field during internationalization; hence, we specifically focus on this topic. First, internal CSR mainly relies on a firm’s self-supervision and thus receives less external scrutiny and attention due to information asymmetry (Toussaint et al, 2021 ), while EMNCs that originate in emerging markets with institutional voids (Cordeiro et al, 2021 ) often lack a sound internal governance foundation. Therefore, opportunistic practice is more likely to emerge in the field of internal CSR.…”

Section: Introductionmentioning

confidence: 99%

From efficiency to legitimacy: the changing logic of internal CSR in emerging multinationals during internationalization

Chen

2023

Asian Bus Manage

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This paper focuses on internal corporate social responsibility (CSR) (i.e. shareholder responsibility and employee responsibility) changes within emerging-market multinational companies (EMNCs) with a resource constraints perspective and attention-based view, providing a finely variegated analysis of and new insights into the internationalization–CSR relationship. Specifically, as EMNCs’ resource constraints change from high to low and the primary focus shifts during internationalization, their dominant logic moves from efficiency to legitimacy; correspondingly, their internal CSR shows a U-shaped change—first declining and then increasing. This nonlinear model is supported by an empirical test of Chinese listed MNCs from 2013 to 2018. On this basis, the moderating roles of state-owned background and innovation-oriented strategy are examined, as both affect the resource constraints and attention structure of EMNCs during internationalization. We also provide a sensitivity analysis of internationalization’s impact on each dimension of internal CSR and an in-depth discussion of our findings. Supplementary Information The online version contains supplementary material available at 10.1057/s41291-022-00213-2.

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The CSR–CFP relationship in the presence of institutional voids and the moderating role of family ownership

Cited by 18 publications

References 84 publications

Multidimensional corporate social responsibility disclosure and financial performance: A meta‐analytical review

Multidimensional corporate social responsibility disclosure and financial performance: A meta‐analytical review

The credibility of corporate social responsibility reports: evidence from the energy sector in emerging markets

From efficiency to legitimacy: the changing logic of internal CSR in emerging multinationals during internationalization

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