Translating corporate social responsibility into financial performance: Exploring roles of work engagement and strategic coherence

Kim, Byung‐Jik; Chang, Youngkyun; Kim, Tae‐Hyun

doi:10.1002/csr.2502

Cited by 7 publications

(2 citation statements)

References 160 publications

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“…Many earlier studies described sustainability as corporate social responsibility (CSR) (See, e.g., Coelho et al, 2023;Kim et al, 2023). Whereas we consider CSR only a part of all sustainability actions.…”

Section: Introductionmentioning

confidence: 99%

Corporate sustainability and financial performance: A hybrid literature review

Rahi,

Johansson,

Blomkvist

et al. 2023

Corp Soc Responsibility Env

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The discussion of “whether it pays to be green” is ongoing. This review does not intend to solve the debate, rather it soothes it by contributing to the concept of “when it pays to be green.” By focusing on the shortcomings of existing literature reviews on the topic of corporate sustainability and financial performance (CSFP) in this hybrid review, issues were identified that had been overlooked earlier. In general, CSFP holds a positive relationship but in a time lag. Nonconclusive results about the relationship within CSFP are due to self‐selection bias, endogeneity issues, and the use of multiple datasets and industry categories. Surprisingly, we also discovered that the impact of sustainability on financial performance is elusive in capitalist countries considered to be economically rational. Institutional and legitimacy requirements are a good starting point for shaping corporate behaviors in the short term; however, they might not be equally appropriate in the long term in cases when corporations shift operations to pollution havens. A multifaceted, synergistic interaction between governmental institutions, corporations, and other stakeholders is required—without imposing authority—to ensure durable sustainable development.

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Section: Introductionmentioning

confidence: 99%

Corporate sustainability and financial performance: A hybrid literature review

Rahi,

Johansson,

Blomkvist

et al. 2023

Corp Soc Responsibility Env

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“…When CSR is perceived as substantial and seen as a way to make corporate practices more transparent and socially responsible (Asif et al, 2013), it can lead to advantages for the organization, such as financial benefits (Aguinis & Glavas, 2012;Kao et al, 2018), achieved through higher in-role performance (Story & Castanheira, 2019) and increased employee engagement at work, and for this, CSR, should not be a market strategy, but should be aligned with the organization's market strategy (Farrukh et al, 2020;Kim et al, 2023). Other advantages may be the potential improvements in employee behaviors and attitudes (Aguinis & Glavas, 2012).…”

Section: Corporate Social Responsibilitymentioning

confidence: 99%

Insights into employee perspectives on corporate social responsibility policies and practices: Embeddedness, participation, and meaningfulness through work

Rodrigues,

Proença,

Ferreira

2024

Corp Soc Responsibility Env

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Corporate social responsibility (CSR) has an increasingly important role in organizations, which are taking a proactive stance in the inclusion of concerns and initiatives at this level. This theme has an impact on employees, namely in the meaningfulness through work. Thus, this research aims to assess whether the CSR affect the meaningfulness through work, and whether the degree of incorporation and the design and implementation approach interfere in this relationship. The results, obtained from 235 responses, suggest that it is not CSR policies and practices that impact meaningfulness through work. For this feeling to be achieved, it is necessary for employees to perceive CSR as embedded and the design and implementation of policies and practices to be bottom‐up. In other words, for CSR to lead to real benefits for employees, organizations must make a genuine and substantial commitment to it.

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