Who Decides on What to Spend in CSR? Moving from Compulsion to Consensus

Mohanty, Jagannath

doi:10.11648/j.ijebo.20140202.11

Cited by 3 publications

(3 citation statements)

References 42 publications

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“…Socially responsible actions and information reveal and provide stakeholders with key insights into what a company stands for—its character, values, ethical standards, and goals. Thus behaviors and interactions which embed social obligations toward stakeholders is important for both the company and the stakeholder where the “… firm offers something of value (typically a social benefit or public service) to an important constituency and, in turn, anticipates receiving the approval and support of key individuals and/or socio‐political groups in its environment” (Mohanty , p. 14).…”

Section: Literature Reviewmentioning

confidence: 99%

A Case Study of Stakeholder Dialogue in Professional Sport: An Example of CSR Engagement

Babiak¹,

Kihl²

2018

Business and Society Review

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Many businesses, including professional sport teams, are designing and engaging in socially responsible initiatives which benefit stakeholders as well as the businesses themselves. Gaining insight into stakeholders' expectations regarding corporations' corporate social responsibility (CSR) initiatives through dialogue is important as the way a business is viewed and evaluated by stakeholders underlies subsequent interactions. Based on semi‐structured interviews with 42 diverse stakeholders involved in a professional sport team's CSR initiative we found that stakeholders' expectations of the team's involvement in the community related to social and institutional norms, values, and benefits. The team also appeared to be meeting stakeholder expectations about being socially responsible in the community. This study provides new insights into a firm's CSR expectations through engaging in stakeholder management and interaction. Future research directions and practical suggestions are offered for organizations attempting to understand and meet stakeholders' expectations in the area of CSR.

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Section: Literature Reviewmentioning

confidence: 99%

A Case Study of Stakeholder Dialogue in Professional Sport: An Example of CSR Engagement

Babiak¹,

Kihl²

2018

Business and Society Review

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“…India is even one step ahead in this regard compared to other countries. India is perhaps one of the earliest countries that have made CSR spending mandatory through the Companies Act, 2013 where companies of a certain size must spend at least two percent of their three-year average net income on CSR activities (Bhattacharyya & Rahman, 2019;Desai, Viswanath, & Tripathy, 2015;Mohanty, 2014;Abhishek Mukherjee & Bird, 2016;Arup Mukherjee & Chaturvedi, 2013;Sharma, 2013;Singh & Verma, 2014;Varottil, 2018;Verma & Jain, 2019).…”

Section: Hypotheses Developmentmentioning

confidence: 99%

CSR Spendings of Indonesia's IPO Prospectuses

Zuraida

Sugianto

2021

J. Keuang. dan Perbank.

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To raise large amounts of capital, companies usually conduct Initial Public Offerings (IPOs), which allows them to reach large numbers of potential investors. Prospectuses are used to inform the public of the nature and prospects of these offers. The prospectus contains financial and non-financial information such as Corporate Social Responsibility (CSR) spending. However, the level of disclosure is usually not uniform across companies. This study examines the nature and factors influencing CSR spendings disclosed by Indonesian companies in the prospectuses for the period 2012 -2019. Research data was hand-collected and analyzed using descriptive statistics, Pearson correlations, and multiple regressions. The findings show that most companies disclose CSR efforts; fewer companies reveal the amount spent on CSR activities. Among companies disclosing CSR spending, more spending is allocated in the years leading to the IPO date (y) compared to previous years. Thus spending on y is relatively higher than y-1, follows by y-2 and y-3. CRS spending has a positive and significant relationship with company size. These findings are consistent across alternative model specifications. This study made an essential contribution to the CSR literature by providing Indonesia's first empirical evidence on the CSR expenditure in IPO prospectuses.

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“…As this engagement seems to be beneficial for all parties involved, the role of CSR is transforming from harm mitigation to corporate value enhancement [8,9]. This is generally characterized as providing a social benefit or public service in order to ensure approval by key stakeholders [10]. Therefore, CSR aspects must be integrated into the companies' reporting systems in order to establish a communication channel [11].…”

Section: Introductionmentioning

confidence: 99%

The Relationship of CSR Performance and Voluntary CSR Disclosure Extent in the German DAX Indices

Danisch

2021

Sustainability

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Empirical studies present mixed evidence on the relationship of CSR performance and CSR disclosure extent, thus spurring academic ambiguity as legitimacy- and voluntary disclosure theory provide competing explanations. By applying content analysis to 144 voluntary GRI reports of listed firms in Germany from 2015 to 2018, I construct environmental and social disclosure indices to capture the reports’ disclosure extents. The contents are extracted from the corresponding GRI content indices in order to mitigate potential coding errors. ESG scores are used as a third-party measure to proxy environmental and social performance. I propose that this approach could be more suitable to address the challenge within the literature concerning methodological heterogeneity. The results show a positive relationship of environmental performance and environmental disclosure, but no relationship of social performance and social disclosure. Hence, there is evidence for an at least partial performance driven reporting behavior as companies seem to signal their superior environmental performance via more extensive disclosure, as predicted by voluntary disclosure theory. This evidence supports the idea of tightening Directive 2014/95/EU.

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Who Decides on What to Spend in CSR? Moving from Compulsion to Consensus

Cited by 3 publications

References 42 publications

A Case Study of Stakeholder Dialogue in Professional Sport: An Example of CSR Engagement

A Case Study of Stakeholder Dialogue in Professional Sport: An Example of CSR Engagement

CSR Spendings of Indonesia's IPO Prospectuses

The Relationship of CSR Performance and Voluntary CSR Disclosure Extent in the German DAX Indices

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