Time to invest in corporate social responsibility and the value of CSR operations: The case of environmental externalities

Braouézec, Yann; Joliet, Robert

doi:10.1002/mde.3024

Cited by 21 publications

(17 citation statements)

References 50 publications

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“…While Flammer (2020) focused on the environmental aspects, Braouezec and Joliet (2019) analyzed the role of green bonds in shaping socially responsible firms, and how firms' actions can be delivered through their CSR activities.…”

Section: Literature Reviewmentioning

confidence: 99%

Does green financing help to improve environmental & social responsibility? Designing SDG framework through advanced quantile modelling

Sinha¹,

Mishra

Sharif

et al. 2021

Journal of Environmental Management

234

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Striving to achieve the Sustainable Development Goals (SDGs), countries are increasingly embracing a sustainable financing mechanism via green bond financing. Green bonds have attracted the attention of the industrial sector and policymakers, however, the impact of green bond financing on environmental and social sustainability has not been yet been confirmed. There is no empirical evidence on how this financial product can contribute to achieving the goals set out in Agenda 2030. In this study, we empirically analyze the impact of green bond financing on environmental and social sustainability by considering the S&P 500 Global Green Bond Index and S&P 500 Environmental and Social Responsibility Index, from 1st October 2010 to 31st July 2020 using a combination of advanced quantile modelling approaches. Our results reveal that green financing mechanisms might have gradual negative transformational impacts on environmental and social responsibility. Furthermore, we attempt to design a policy framework to address the relevant SDG's objectives.

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Section: Literature Reviewmentioning

confidence: 99%

Does green financing help to improve environmental & social responsibility? Designing SDG framework through advanced quantile modelling

Sinha¹,

Mishra

Sharif

et al. 2021

Journal of Environmental Management

234

View full text Add to dashboard Cite

show abstract

“…The issue of corporate social responsibility (CSR)—and more specifically, its benefits—remains heatedly debated and unresolved to this day (Braouezec & Joliet, 2019; Li & Zhou, 2019). Researchers have for many years tried to determine whether CSR is positively or negatively linked to corporate financial performance (CFP) (see, e.g., Surroca et al, 2010) on the assumption that this information would be of value to managers, stockholders and stakeholders.…”

Section: Introductionmentioning

confidence: 99%

Managing corporate social responsibility in the bank sector: A fuzzy and disaggregated approach

Laguir

Stekelorum

Laguir

et al. 2021

Corp Soc Responsibility Env

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This study investigates how different activities of corporate social responsibility influence financial performance in the bank sector. In a sample of publicly listed French banks, we use a fuzzy set qualitative comparative analysis to show that financial performance is dependent on the type of activity. The results show that various combinations of corporate social responsibility activities and bank characteristics determine the level of financial performance. Overall, our findings support and extend the recent contingent perspective, which emphasizes the interest of examining the conditions under which banks are more profitable.

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“…respectively. In the profit functions, we do not consider corporate social responsible, which is concerned by recent literature such as Braouezec and Joliet (2019). The total social welfare is…”

Section: Subsidizing the Ev Manufacturermentioning

confidence: 99%

“…The profit functions of the battery manufacturer and EV manufacturer are

π_{b} = ((), p_{b} - c_{b}) ((), a - b p_{n} + italicτg) - k_{1} - k_{2} g - k_{3} g^{2}, and

π_{n} = ([], p_{n} - p_{b} - μ - italicλg + s_{n} ((), g)) ((), a - b p_{n} + italicτg),

respectively. In the profit functions, we do not consider corporate social responsible, which is concerned by recent literature such as Braouezec and Joliet (). The total social welfare is

W = italicCS + π_{b} + π_{n} - s_{n} ((), g) Q + italiceQ,

where CS is consumer surplus, s n ( g ) Q is total subsidy, eQ indicates the environmental improvement caused by the use of EVs compared with conventional internal combustion engine vehicle, and e is an environmental improvement coefficient measuring the positive environmental externality of EVs.…”

Section: A Benchmark Modelmentioning

confidence: 99%

Are China's subsidies for electric vehicles effective?

Deng

Tian

2020

Manage Decis Econ

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China has implemented high subsidy schemes to promote the adoption of electric vehicles. This study constructs an industrial organization model to theoretically analyze and numerically simulate the subsidy efficacy of battery electric vehicles in China. We find that subsidies for battery manufacturers and those for electric vehicle manufacturers are equivalent. Fixed subsidies are better for social welfare maximization than linear subsidies are. Simulation based on Chinese empirical data shows that China's subsidies for electric vehicles are effective but not optimal. It could be a better option overall to enable the vertical integration of the supply chain.

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Time to invest in corporate social responsibility and the value of CSR operations: The case of environmental externalities

Cited by 21 publications

References 50 publications

Does green financing help to improve environmental & social responsibility? Designing SDG framework through advanced quantile modelling

Does green financing help to improve environmental & social responsibility? Designing SDG framework through advanced quantile modelling

Managing corporate social responsibility in the bank sector: A fuzzy and disaggregated approach

Are China's subsidies for electric vehicles effective?

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