The Legitimacy of CSR Actions of Publicly Traded Companies Versus Family-Owned Companies

Panwar, Rajat; Paul, Karen; Nybakk, Erlend; Hansen, Eric; Thompson, Derek W.

doi:10.1007/s10551-013-1933-6

Cited by 125 publications

(97 citation statements)

References 103 publications

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“…That said, some management theories postulate that CSR disclosure is positively correlated to corporate profitability [3,20,36] because better performing companies are more likely to engage with CSR, and because firms engaging with CSR are more likely to gain indirect strategic or financial benefits [47,67]. Other studies [15,18,53] at the international level also show that there is a positive correlation between profit and CSR activities. This phenomenon was not borne out in this context of the Chinese forestry sector.…”

Section: Discussionmentioning

confidence: 99%

“…CSR disclosure is particularly salient in the forest sector, which faces the formidable challenge of reconciling growing fibre demand, while guaranteeing the sustainable management of forest ecosystem services, including water resources, climate control, and cultural values [1, [8][9][10][11][12]. CSR in the forest sector has been driven largely by legitimacy pressures [13][14][15][16][17][18]. In the context of emerging economies like China,…”

Section: Introductionmentioning

confidence: 99%

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Factors Influencing Levels of CSR Disclosure by Forestry Companies in China

et al. 2017

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Abstract:With the international community's increasing concern for social and environmental problems, the fulfilment and disclosure of corporate social responsibility (CSR) has been advocated and promoted across the world. Forestry companies, which are particularly sensitive to environmental and social issues, are increasingly developing and improving their levels of CSR disclosure. However, information on emerging country contexts is still lacking. To fill this gap, this study focuses on Chinese forestry companies' CSR disclosure and introduces new disclosure indices through content analysis of annual reports by listed companies between 2011 and 2015. It then builds a correlation analysis of the factors influencing these companies' disclosure indices in order to gain a better understanding of the current situation for CSR implementation by forestry companies in emerging economies like China. Although context-specific, our findings can provide a reference for researchers and policy makers, and promote sustainable development via improved CSR disclosure by forestry companies, especially in developing regions.

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Section: Discussionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Factors Influencing Levels of CSR Disclosure by Forestry Companies in China

et al. 2017

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“…The literature suggests that large companies and publicly owned companies are particularly active in terms of CSR activities and reporting because they are more visible and open to public scrutiny, and hence have greater legitimacy needs (Branco & Rodrigues *, Arvidsson *, Panwar et al . *).…”

Section: Theorizing External Drivers Of Csrmentioning

confidence: 99%

Corporate social responsibility: review and roadmap of theoretical perspectives

Frynas

Yamahaki²

2016

Business Ethics: A European Review

421

390

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Based on a survey and content analysis of 462 peer‐reviewed academic articles over the period 1990–2014, this article reviews theories related to the external drivers of corporate social responsibility (CSR) (such as stakeholder theory and resource‐dependence theory) and the internal drivers of CSR (such as resource‐based view [RBV] and agency theory) that have been utilized to explain CSR. The article discusses the main tenets of the principal theoretical perspectives and their application in CSR research. Going beyond previous reviews that have largely failed to investigate theory applications in CSR scholarship, this article stresses the importance of theory‐driven explanations of CSR and the complementarity of different theories. The article demonstrates that the current mainstream theorizing of CSR is dominated by theories related to the external drivers of CSR and is less developed with regard to the internal dynamics. The article outlines several productive avenues for future research: the need for multi‐theory studies and more research at multiple levels of analysis, particularly at the individual level of analysis. It suggests that CSR scholarship can benefit from combining theoretical insights from a range of established theoretical lenses such as institutional theory and RBV, and can gain new insights from theoretical lenses such as Austrian economics and micro‐level psychological theories.

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“…As the CSR literature focusing on large firms would suggest, it is unlikely that small firms seek to reduce external risk and associated business costs through community engagement (Epstein and Roy, 2001;Husted, 2005). In fact, small firms in the US enjoy a favorable public image (Panwar et al, 2014b) that provides them with a buffer against potential external risks. Moreover, given the previous knowledge that community engagement is a matter of personal pride for small firm owners (Longenecker et al, 2006), it is unlikely that they would view it as a tool to reduce the costs of doing business.…”

Section: The Pursuit Of a Cost-leadership Strategy And A Small Firm'smentioning

confidence: 99%

The effect of small firms' competitive strategies on their community and environmental engagement

Panwar

Nybakk

Hansen

et al. 2016

Journal of Cleaner Production

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a b s t r a c tCorporate social responsibility (CSR) literature holds that CSR can help firms gain a competitive advantage by enabling them to differentiate themselves from their competition and reduce costs. In the strategy literature, differentiation and cost reduction are recognized as two major competitive strategies that firms pursue to outcompete rival firms. Yet, how CSR is linked to a firm's choice of competitive strategy is not explicitly explored in the extant literature. The present paper fills this gap. Using data collected from 478 small firms representing multiple industries in the US, this paper finds that a firm's focus on competing through differentiation strategy is associated with its level of community engagement but not with its level of environmental engagement. Competing through a strategy of costleadership is associated with neither community nor environmental engagement. The paper concludes that, except for seeking differentiation through community engagement, the approach of small firms to CSR remains largely characterized by adhoc decisions with few ties to their competitive strategies. The paper advances the understanding of CSR in small firms and provides novel insights into how CSR is linked with competitive strategies.

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The Legitimacy of CSR Actions of Publicly Traded Companies Versus Family-Owned Companies

Cited by 125 publications

References 103 publications

Factors Influencing Levels of CSR Disclosure by Forestry Companies in China

Factors Influencing Levels of CSR Disclosure by Forestry Companies in China

Corporate social responsibility: review and roadmap of theoretical perspectives

The effect of small firms' competitive strategies on their community and environmental engagement

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