The Role of Business in the World of Today

Henderson, David W.

doi:10.9774/gleaf.9781783531868_3

Cited by 28 publications

(35 citation statements)

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“…Traditionally, scholars have argued that the one and only social responsibility of a business is to use its resources and engage in activities designed to increase its profits (Friedman 1970;Henderson 2005;Lantos 2001). Proponents of this view chronicle that CSR is characterised by external interference, over-regulation and legislation, corporate irresponsibility, misguided virtues, unethical and misappropriation or unjustified appropriation of the owners' property, which amount to theft and violation of shareholders' rights (Friedman 1970;Halfon 1998;Lantos 2001).…”

Section: Literature Reviewmentioning

confidence: 99%

Corporate social responsibility and financial performance: Fact or fiction? A look at Ghanaian banks

2014

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Orientation: With banks faced with fulfilling the increasing demands of diverse stakeholders, this study sought to explore the views and motives for corporate social responsibility practices in the Ghanaian banking sector and also to investigate any possible relationship between these practices and financial performance.Research purpose: This article examined the impact of corporate social responsibility on financial performance using empirical evidence from the Ghanaian banking sector.Motivation for the study: Although corporate social responsibility is a hot topic in Ghana and banks do practise it, no detailed study has been conducted to ascertain whether banks derive any benefits therefrom.Research design, approach and method: A sample size of 22 banks was involved. A structured questionnaire was used to obtain primary data whilst archival records were used to gather the secondary data.Main findings: The findings revealed that banks in Ghana view corporate social responsibility practices to be a strategic tool; banks are motivated to practise corporate social responsibility by legitimate reasons as much as they are motivated by profitability and sustainability reasons. Also, although there is a positive relationship between corporate social responsibility practices and financial performance, the financial performance of banks in Ghana does not depend significantly on their corporate social responsibility practices but rather on other control variables, such as growth, origin, debt ratio, and size.Practical implications: Properly adopted and implemented, corporate social responsibility can pay its way by contributing toward firm performance.Contribution: There is a positive but currently insignificant relationship between corporate social responsibility and financial performance amongst Ghanaian banks. However, given the numerous benefits of corporate social responsibility, it is recommended that firms continue to give priority to this practice.

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Section: Literature Reviewmentioning

confidence: 99%

Corporate social responsibility and financial performance: Fact or fiction? A look at Ghanaian banks

2014

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“…This perspective was proposed for the first time by Milton Friedman (1962) and supported by other authors including (Barry, 2000;Coelho, McCLure, & Spry, 2003;Dvorak, Guth, Landers, & Zaun, 2000;Henderson, 2005;Jensen, 2001;Rappaport, 1998;Shirouzu, 2000;Sternberg, 1994;Sundaram & Inkpen, 2004 Thus, Perrini (2005) suggested that the idea of social responsibility is strongly related to the environment and community, while Steurer and Konrad (2009) argued that European companies exert efforts to improve the internal social environment to increase the potential and motivation of their employees.…”

Section: The Impact Of Multinational Companies From Romania On Increamentioning

confidence: 98%

The Impact of Multinational Companies from Romania on Increasing the Level of Corporate Social Responsibility Awareness

Dura

Drigă

2017

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“…Recent academic contributions show a renewed debate about the justification and impact on society of corporate social responsibility (CSR), with strongly contrasting views (Dunfee, 2006;Heath, 2006;Henderson, 2005;Marens, 2007;Reich, 2007;Rodin, 2005;Sacconi, 2006;Utting, 2007). Although the continued debate may in part reflect underlying political views that are inherently conflicting, it concerns theoretical issues as well.…”

Section: Introductionmentioning

confidence: 96%

Political and Economic Arguments for Corporate Social Responsibility: Analysis and a Proposition Regarding the CSR Agenda

Weyzig¹

2008

J Bus Ethics

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The Role of Business in the World of Today

Cited by 28 publications

References 0 publications

Corporate social responsibility and financial performance: Fact or fiction? A look at Ghanaian banks

Corporate social responsibility and financial performance: Fact or fiction? A look at Ghanaian banks

The Impact of Multinational Companies from Romania on Increasing the Level of Corporate Social Responsibility Awareness

Political and Economic Arguments for Corporate Social Responsibility: Analysis and a Proposition Regarding the CSR Agenda

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