Dynamic model and driving strategy of corporate social responsibility

Corporate social responsibility is the inevitable requirement for the survival and development of enterprises in modern society,as well as the basic guarantee for the sustainable development of economy and society.In order to analyze the driving factors of corporate social responsibility from both internal and external aspects,the dynamic model of corporate social responsibility was constructed,and the driving strategies of corporate social responsibility were also suggested.The driving factors of corporate social responsibility include not only the external constraints of policies,regulations and stakeholders,but also the internal requirements of the sustainable development of enterprises.Only when the external driving force is transformed into the spontaneous and conscious responsibility behavior of the enterprise,can the enterprise achieve its due effect.Moreover,in order to better fulfill the social responsibility,enterprise should build a management system of social responsibility,enhance the awareness of social responsibility,and promote the effective implementation of social responsibility projects.The relevant department should strengthen the all-round supervision of corporate social responsibility,and further improve the policies,laws and regulations related to social responsibility.Enterprises should strengthen communication with stakeholders,actively disclose social responsibility information,and constantly improve social responsibility behavior.By implementing social responsibility,enterprise can improve its business environment,enhance corporate brand image and core competitiveness,and promote the sustainable development of economy and society.

Corporate Social Responsibility and Green Innovation-The Mediating Effect of Financing Constraints

Green innovation has become a strategic direction for the country and enterprises,and it is an important facet in achieving high-quality economic development.Whether corporate social responsibility(CSR),as a key competitive strategy for achieving sustainable economic development,can promote corporate green innovation and the path of evolution has become a hot topic of current research.This paper takes Chinese manufacturing A share listed companies as its sample and uses Stata sofware to conduct regression analysis to test the relationship between CSR,financing constraints,and green innovation,respectively.It further distinguishes the sample into different technological properties and different regions to study the degree of differentiation of the mediating effect on financing constraints.The results show that CSR can not only directly promote corporate green innovation,but that it also can further positively influence corporate green innovation by alleviating financing constraints.Financing constraints play a mediating role in the relationship between CSR and green innovation,especially in enterprises with strong innovation demand and in regions with high levels of regional economic development.The findings enrich the research perspective on the relationship between CSR and green innovation and provide realistic data support for subsequent studies.

Research on Corporate Social Responsibility Evaluation Based on Improved CRITIC-TOPSIS—A Case Study of Listed Companies in China’s Pharmaceutical Distribution Industry

Corporate social responsibility (CSR) has garnered considerable attention from countries, institutions, enterprises and social groups. However, the lack of research on CSR evaluation system for industries has impeded its development and construction across various industries. Therefore, given the close association of pharmaceutical distribution enterprises with personal health, there exists a pressing need to explore the CSR in this domain. This paper establishes a CSR evaluation index system for pharmaceutical distribution enterprises, employing a combination of documentary analysis and in-depth interviews. This index system comprises 7 CSR criterion layers (e.g., responsible governance and employee responsibility) and 56 index layers. 25 listed companies in China’s pharmaceutical distribution industry are chosen as research objects, and this study also establishes an evaluation model for the CSR of pharmaceutical distribution companies through the improved Criteria Importance Though Intercrieria Correlation (CRITIC) method combined with The Technique for Order Preference by Similarity to Ideal Solution (TOPSIS) method. The empirical analysis reveals that the responsible governance criterion layer and the social development criterion layer demonstrate the best performance, while the supplier, customer and patient responsibility criterion layer exhibit the worst performance.

Corporate Social Responsibility Perception and Happiness of Employees:Evidence From Disney Resort in China

In recent years,many scholars have discussed good corporate culture,such as corporate social responsibility.The study investigates the relationship between employee perceptions of corporate social responsibility(CSR)and happiness in China’s resort industry.Four types of corporate social responsibilities are economic,legal,ethical,and discretionary.The study is an empirical study conducted to survey full-time workers who are working in Disney Resort,China.257 effective samples have been collected.The result implicated that the Disney Resort employees’corporate social responsibility perception positively affects happiness.Economic,legal,ethical,and discretionary responsibility all positively affect happiness.

Customer Concentration and Corporate Social Responsibility——An Empirical Study Based on Chinese Agricultural Listed Companies

Taking the agricultural companies listed in the A-share markets in Shanghai and Shenzhen as samples,the relationship between customer concentration and corporate social responsibility was studied. In addition,the regulatory role of property rights and regional factors was examined. The results showed that the degree of customer concentration is negatively related to the degree of fulfillment of corporate social responsibility; for companies with different property rights and regions,there are significant differences in the influence of customer concentration on corporate social responsibility. In non-state-owned enterprises and mid-western areas,customer concentration has a greater impact on corporate social responsibility.

Enterprise innovation, corporate social responsibility and their interactive relationship: A review

Under the new normal economic growth, lack of motivation, structural imbalances in the economy, the shortage of resources, resource utilization inefficiency, environmental damage and other issues have become increasingly prominent, enterprises as the carrier of economy is one of the root of the problem. Research on enterprise innovation and corporate social responsibility issues, it is conducive to the development of enterprise itself and the transformation of Chinese economy. This paper reviewed the research status of relationships between innovation and corporate social responsibility, through comb the aspects of the definitions and evolution of enterprise innovation and social responsibility, also include both the relationship and the new way(responsible innovation) of combination of them, we found the presence of index system is not perfect, and lack of in-depth comprehensive study and opportunities for future research is prospected.

Corporate Social Responsibility in Health Technology Industry Prior and during the Covid-19 Pandemic, in Greece

Corporate Social Responsibility (CSR) activities have been revealed as an emerging managerial tool and research field. The socioeconomic impact of the COVID-19 pandemic has prompted several companies to take on CSR initiatives. The objective of this study was to investigate CSR initiatives implemented in companies specializing in pharmaceutical and biomedical products as well as medical equipment, prior and during the COVID-19 pandemic. A cross-sectional study was conducted in companies of the Hellenic Association of Pharmaceutical Companies (SFEE), the Panhellenic Association of Pharmaceutical Industry (PEF) and the Association of Health-Research and Biotechnology Industry (SEIV). A self-administered questionnaire was distributed to a total of 112 companies. Descriptive and multivariate statistical analyses were performed using SPSS 25.0. Levels of significance were two-tailed and statistical significance was set at p = 0.05. The final sample consisted of 74 companies with a response rate of 77.7%. Among them 62.2% were multinational and 37.8% national companies. Some companies provided pharmaceuticals (40.5%), medical equipment and biotechnology products (32.4%) and others were specializing in both categories (27.1%). A percentage equal to 89.2% stated that they implemented CSR activities, out of which 75.7% carried out COVID-19 related initiatives, such as in public health (37.7%), societal issues (27.2%), environment (19.9%), etc. Approximately 50% increased their CSR activities during the pandemic. Moreover, the majority of companies devoted ≤30% of their total CSR budget against the pandemic. The higher a company’s turnover, the higher CSR activities performance. Pharmaceutical and biomedical companies in Greece implemented CSR actions, prior and during the pandemic. Companies contributed to handle the effects of health crisis through CSR Covid-19 related activities, which differentiated according to company’s culture and wealth. It is important that authorities should reward companies carrying out CSR initiatives, given that they positively contribute to the societal recovery by financially supporting the health care sector and the overall economy.

Implementation of Corporate Social Responsibility in the Ready-Made Garment Industry of Bangladesh in Order to Achieve Sustainable Development Goals: A Study on Bangladeshi Garment Manufacturers

The Ready-Made Garment (RMG) sector has played the most momentous role for the economic development of Bangladesh. To achieve the culmination, this labor-intensive industry needs to go through sustainable practices with the adoption of Corporate Social Responsibility (CSR) in its garment manufacturing chain. CSR, being a fast-developing phenomenon in industrial arena, is drawing the attention of world-renowned apparel buyers working with Bangladesh. After a few tragic occurrences, for instance, Rana Plaza collapse & Tazreen Fashion fire, the reputation of the RMG sector of Bangladesh has been somewhat blemished. Presently, this scenario is being changed since a considerable number of Bangladeshi garment producers have adopted CSR practices spending a huge sum of money. This study shows the current status of sustainable development through the implementation of CSR practices in the RMG industry of Bangladesh.

Corporate Social Responsibility and Consumers’ Reaction: An Experiment

Companies differ in their motivation to corporate social responsibility(CSR)practices,with some compa­nies taking a genuine,altruistic approach and others preferring an opportunistic approach(and attempting to mimic the former).If consumers can distinguish them,they will eventually reward the altruistic(being willing to pay more)and penalize the opportunistic ones.This paper performs an experimental study to assess whether differences in consumers’willingness to pay are statistically significant for different classifications of CSR activities:(i)proactive or reactive,(ii)environment,employees,or social,(iii)involving more or less expensive products,(iv)being performed by firms facing competition or not.Results show that consumers are willing to reward CSR initiatives that follow a reactive approach;consumers’decisions are more moderate when rewarding initiatives associated with more expensive products;the rewards provided depend on the CSR dimension;a relationship between market structure and consumers’reaction to CSR was not found.

Influence of Board Mechanisms on Corporate Social Responsibility Disclosures in Nigeria: A Study of Oil and Gas Sector of the Economy

The study examined the influence of board mechanisms on corporate social responsibility disclosure among oil and gas quoted companies in Nigeria for ten(10)years period(2012-2021).Board mechanisms variables of board independence,board size as well as board gender diversity were analyzed to determine their influence on corporate social responsibility disclosures.Data obtained from the financial statement of various sampled companies were suitably analyzed with the help of descriptive statistics,correlation as well as regression analysis by making use of E-view(9.0)econometric packages.Regression result reveals that board independence has significant and negative influence on corporate social responsibility disclosures while board size and board gender diversity have insignificant and negative influence on corporate social responsibility disclosures of various companies.The study therefore arrived at a conclusion that board independence on the board brings about improvement on corporate social responsibility disclosure among quoted oil and gas companies in Nigeria.

Effect of corporate social responsibility on creation of added value

In the process of financial management and operation, a firm should not only aim to maximize its shareholders' benefits, but also consider the interests of all stakeholders. Bearing social responsibility to each stakeholder to a certain extent and pursuing harmonious social development are fully consistent with the concept of China's building a harmonious socialist society. Furthermore, added value also reflects the idea of social responsibility Based on the relational contract theory, the paper divides stakeholders into staff and shareholders under relational contracts, creditors, suppliers and consumers under transactional contracts and governments and communities under special contracts. The paper details the effect mechanism of a firm's bearing social responsibilities to each stakeholder on the creation of added value respectively, and considers that corporate social responsibilities should be included in the system for creating added value to theoretically support firm managers to fulfill social responsibilities.

Corporate Social Responsibility and Brand Community Engagement:Dual Mediating Roleof Brand and Community Identifications in the Chinese Decor Industry

Despite a plethora of studies on how corporate social responsibility(CSR)generates favorable consumer outcomes,the existing literature provides limited insights about how CSR may affect inter-consumer connection and brand community engagement.Enhancing consumer engagement in the brand community is one of the key marketing objectives for strengthening the brand-consumer relationship.This study aims to explore the role of corporate social responsibility in enhancing brand community engagement and examines the dual mediating role of brand identification and community identification.Quantitative research was conducted and an adapted questionnaire was used.Survey data were collected from 405 Chinese consumers,and structural equational modeling was used to test the hypothesis.Results demonstrated that CSR motivates consumers to engage with the brand community.Further,brand identification and community identification perform the role of partial mediators.

The Correlation between Corporate Social Responsibility(CSR)and Chinese Family Enterprises in China

It is imperative to aggressively advocate for and transmit the ideas of corporate social responsibility as Chinese family enterprises transition into the phase of corporate inheritance.This study conducts a thorough examination of existing literature to elucidate the concept and model of western corporate social responsibility.It also analyses the current state of Chinese corporate social responsibility and highlights the fulfilment of corporate social responsibility by private enterprises.Furthermore,it specifically investigates the significance of family enterprises in promoting and preserving the culture of corporate responsibility.Lastly,it delves into the correlation between corporate social responsibility and family enterprises.This study presents the process of transmission and inheritance of Chinese family firms,focusing on the influence of Chinese traditional culture,the original purpose of enterprise development,and enterprise image.

The Relationship between Corporate Social Responsibility and Firm Performance： An Application of Quantile Regression

This study empirically examines the relationship between a firm＇s fulfilling of corporate social responsibility （CSR） and performance. We developed a CSR index （CSRI） to quantitatively evaluate CSR, which consists of four dimensions measuring a firm＇s contributions to the economy, society, environment, and corporate governance, respectively. With data from publicly-listed firms in Taiwan during the period of 2004--2009, results of quantile regression show that fulfilling CSR has a significantly positive impact on firm performance, and that the impact in a more profitable firm tends to be significantly greater than that in a less profitable firm. Specifically, when a firm is more profitable, its management would be more willing to implement CSR. The implication is that a firm could pursue better performance while serving as a good corporate citizen.

Market Reaction to Corporate Social Responsibility Announcements:Evidence from China

This study uses an event study methodology to examine how the Chinese market reacts to announcements of involvement in corporate social responsibilitY （CSR） by Southern Weekend （a Chinese newspaper）for Chinese firms from 2008 to 2012. Our results show significant and pcsitive market reactions, supporting the instrumental stakeholder theory. We attribute the positive market response to social capital development and real growth options related to the CSR involvement by the Chinese firms.

Do common owners influence corporate social responsibility? Firm-level evidence from China

Using a sample of Chinese A-share listed companies from 2007 to 2018,this article explores the influence of common owners on corporate social responsibility(CSR).The results show that common owners significantly promote CSR investment,indicating that increased CSR represents a bright side to common owners,in contrast to their anticompetitive effect.Further analysis shows that the nature of state ownership significantly weakens the positive relationship between common owners and CSR investment.Prospector firms strengthen the positive influence of common owners on CSR investment,whereas defender firms weaken the effect.Moreover,common owners benefit from increasing CSR investment,and co-owned firms benefit by easing their financial constraints when they invest or increase their investment in social responsibility.The findings enhance the outstanding of how common owners affect corporate behavior and enrich the literature on common ownership and CSR investment.

Stock market restrictions and corporate social responsibility: Evidence from IPO suspension in China

Improving corporate social responsibility(CSR)requires not only the efforts of firms themselves but also the support of the appropriate institutional environment.This paper assesses whether access to the stock market can promote firms’CSR.Using China’s suspension of IPOs in 2012-2014,we find that firms affected by the suspension show lower CSR in their listing year.The later listing after the suspension ends,the greater reduction in CSR.Moreover,the effect of the IPO suspension is more serious for firms with financial constraints than for non-financially constrained firms.Furthermore,we show that the IPO suspension has an adverse impact on firms’liquidity and profitability.When this suspension ends,firms’CSR activities recover within 1-2 years.Overall,our conclusion enriches the literature on the factors influencing CSR and provides firm-level evidence of the adverse impact of an IPO suspension.

Does Corporate Social Responsibility Really Make a Difference? An Explorative Analysis for Chinese Companies

Many studies have been performed to assess the impacts of corporate social responsibility （CSR） on the financial performance of companies. There are, however, very few studies that analyze how CSR policies and instruments affect the realization of social and environmental CSR goals, such as the reduction of workplace accidents or CO2 emissions. Therefore, it remains uncertain to what extent CSR really contributes to sustainable development and whether it can serve as an alternative to government regulation to internalize external effects from market operation. The present study provides an explorative empirical analysis that aims to fill this gap. We employ regression analysis on a sample of 109 Chinese companies. The estimation results show that having a code of conduct stimtdates the implementation of other organizational CSR instruments, but CSR implementation only partly affects the realization of CSR goals. Having codes of conduct without implementing CSR does not have a significant impact on societal welfare.

How Does Corporate Social Responsibility Affect Continuous Innovation?

From the perspective of sustainable development,this paper analyzes the impact of corporate social responsibility(CSR)on the corporate’s continuous innovation based on the theory of innovation economics and the demand for innovation-driven development,and then conducts a series of empirical tests based on a sample of Chinese A-shared listed companies from 2008 to 2016.The results show that better CSR performance is conducive to the continuous innovation,and this positive relationship is more pronounced for firms with voluntary accounting information disclosure,for firms of non-high-technology industries,and when policy uncertainty is high.This paper not only enriches the literature on CSR but also provides theoretical references for the innovation practice of enterprises under the innovation-driven strategy.

The Research on the Relationship between Corporate Social Responsibility and Common Prosperity

Corporate social responsibility(CSR)and common prosperity have the consistency of philosophy and goal.In the process of delivering CSR,enterprises can integrate their tangible and intangible assets to realize a positive cycle of sustainable development and common prosperity.Enterprises can also open up space for both commercial and social value by integrating altruism with self-interest,public welfare with utilitarianism,cost with capital,and today’s development with tomorrow’s development.Indeed,the unification of commercial value and social value can extend pathways to common prosperity and improve common prosperity.By way of the super CSR,enterprises can spread the wealth of their culture and values to society through material products,ethical products,and intergenerational inheritance based on the high compatibility of enterprise high-dimensional culture,enterprise craftsmanship,and enterprise civilizations.They can thus play a leading role in promoting the ethical wealth of the whole of society.Public and private enterprises should maximize their respective advantages in promoting common prosperity of society for realizing the common progress of the people,and should strike a balance between efficiency and fairness.