The Impact of Social Responsibility on Corporate Performance (original) (raw)
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Strategies of Corporate Social Responsibility in companies from the construction sector in Medellín
Social responsibility continues to be a topic of special interest for organizations and companies given its correspondence with new global challenges. The purpose of this research is to describe the corporate social responsibility strategies used by companies in the construction sector in Medellín. It is a research developed under the integrated holistic paradigm, under a contemporary cross-sectional descriptive design. A literature review was carried out making possible the conceptualization of the object of study. A structured scale based on a questionnaire of 15 items was applied, with information units corresponding to those in charge of the Social Responsibility function of the construction companies subscribed in FENALCO, Antioquia. The findings show that the practice of corporate social responsibility in the companies under study is very new, less than 10 years old. It is focused on strategies oriented towards the community and workers. The research verifies that socially responsible marketing strategies are also applied, using mainly tools related to the environment and which are envisioned as a form of corporate social responsibility in its initial stages. Recommendations include the diversification of social responsibility strategies in correspondence with the factors and indicators that provide the various tools and mechanisms of corporate social responsibility.
Sustainability, 2021
The main purpose of this study is to examine the effect of corporate social responsibility on the organizational performance of the Dangote cement factory in Ethiopia. In order to achieve the research objectives, the authors adopted both a descriptive and explanatory research design. Structured questionnaires were used to gather data from the targeted group of the study, where the probability and non-probability sampling technique was employed to draw a sample of 179. The collected data were presented and analyzed using the SPSS (version 20) statistical software package. A multiple linear regression model was applied to see the effect of CSR on organizational performance. The study showed that philanthropic activities, ethical activities, and legal activities affect organizational performance, have a positive relationship, and are statistically significant at a 1% confidence interval. It was concluded that for the existence of business industries, the community relation is key to en...
The Effect of Social Responsibility on Financial Performance of Companies
In addition to being responsible for their owners, economic enterprises are required to fulfill their social responsibilities for public health as well. Social responsibility, on the one hand, leads to the consistency of economic benefits with environment and on the other hand, leads to the growth and sustainability of the company's business. The purpose of this study is to investigate the impact of social responsibility on corporate performance. The sample of the study consists of (92) companies that are active in the Stock Exchange during the period of (2002-2011). Designing a new pattern of social responsibility is done using DEA method and corporate performance measures include (return on assets, return on equity, real stock returns, Q-Tobin ratio, the market value of equity, economic value added, and cost of common stock). Models were tested using linear regression method in Eviews software. Results showed a significant relationship between social responsibility and corporate performance.
Factors Affecting Corporate Social Responsibility: An Empirical Study
Systems Research and Behavioral Science, 2013
This study aims to determine how the influence of Corporate Social Responsibility (CSR) on Financial Performance at PT. Semen Tonasa. The type of research used in this research is quantitative descriptive. The data analysis technique used in the study was descriptive statistical analysis and multiple regression analysis. Based on the results of data analysis that has been done, it can be concluded that Corporate Social Responsibility does not affect the financial performance proxied in Return On Assets (ROA), this is because the size of the company's ROA will not change the disclosure of social responsibility by the company. Companies that have large assets do not necessarily pay attention to or show good performance through their concern for the social environment. Corporate Social Responsibility affects the financial performance proxied by Return On Equity (ROE), this means that the higher the CSR disclosure, the more ROE will increase, this shows that broad declarations provide a positive signal to interested parties, and Corporate Social Responsibility does not affect the financial performance proxied in Earning Per Share (EPS), this is because the size of the company's EPS will not affect the disclosure of social responsibility by the company, it is possible because the number of shares circulating in the company is less than optimal.
Objective – The main concern of this article is to see if the implementation of the Corporate Social Responsibility (CSR) can lead to enterprise performance. Methodology/Technique –A case study, this paper aims to compare the economic, social and environmental performance of one of the biggest cement producing enterprises in Algeria, before and after the implementation of the CSR strategy. Findings – Results indicate that the SCAEK Company managers who had embarked on the strategy of reducing all kinds of pollutions emitted did not stop when they had achieved their objective. Instead, they continued with their movement by setting up new measures to reduce the quantities of some inputs used and to improve the working conditions of all the employees. Novelty – This paper highlights the fact that the right implementation of the CSR, even if it does require some additional costs, can result in a "win-win" situation.
The major objective of this study was to examine the effect of corporate social responsibility on organizational performance: A study of selected consumer goods producing firms in Yola, Adamawa State. In the study, relevant literature was reviewed. A total of three (3) hypotheses were formulated. This study had a population of five hundred and forty-six (546). The Taro Yamane sample size determination formula was adopted to select a sample size of two hundred and thirty (230) respondents. Out of this number, two hundred and sixteen (226) questionnaires were returned, giving a response rate of 98.3 percent. The study adopted the causal research design. A structured questionnaire using Likert scale was used as a major instrument of data collection. The instruments was duly validated and reliability was obtained through test-retest method. Both descriptive and inferential statistical tool was applied specifically the linear regression was applied with the aid of SPSS version 25 to test the hypotheses. The hypotheses for the study were tested at 0.05 level of significance under N-3 degrees of freedom. The findings revealed that economic corporate social responsibility, philanthropic corporate social responsibility and ethical corporate social responsibility has significant effect on organizational performance of Adama Beverage ltd. and Rico Gado Nutrion. It was concluded that economic corporate social responsibility, philanthropic corporate social responsibility and ethical corporate social responsibility has positive and significant effect on organizational performance. Based on the findings of this study, it was recommended that firms should not forget the original and major aim of the business by ensuring its growth and prosperity. In making decision on social responsibility, economic efficiency should be the watch word. It was also recommended that, businesses should be corporate good citizen and improve the quality of life in society they operate because, it is normal and right thing to do. Furthermore, business organizations have to develop a code of ethics as this becomes essential when one considers what respondents say in the affirmative about the decision of business pertaining the issues of social responsibility.
The Theoretical Impact and Approach of Social Responsibility in Companies Management
Journal of Management and Strategy
Purpose: The aim of this study is to understand, by a theoretical point of view, the potential impact of Social Responsibility practices in company’s management, taking in consideration several aspects and sundry approaches, by analysing the main defined strategies and policies.Design/Methodology/Approach: The concept is related with a philosophical and moral idea of corporate behaviour to the development of legally binding regulations, cultural and climate organizational characteristics.Findings: It is determined that development must be based on a Sustainable Economy while aligning these actions with the Sustainable Development Goals established and at the same time the economic performance of the companies.Conclusion: For a Social Responsibility Strategy, it is also crucial that the Human Resources departments, the commercial and marketing areas share and expose the actions that have an impact on the society where they are installed.Practical Implications: Works on the establishm...
The importance of corporate social responsibility of enterprises in business
2014
The aim of the study was to determine actions that should be undertaken by companies to be seen as socially responsible, and what factors influence on the choice of the employer by respondents. A diagnostic survey method was used including the author’s questionnaire, which was tested upon 1,157 residents of Lubelskie Province. The stratified random selection was applied, and discriminant function analysis for statistical calculations. According to respondents, a socially responsible company is such that prefers ethical action, well treats the employees, has a honest relationship with employees and customers, as well as supports charity and ecological organizations. When choosing an employer, earnings, opinion of employees about the atmosphere in the company, and the prospect of the employees development proved to be the most important. Experiences of other countries should be used in Corporate Social Responsibility (CSR) in order to achieve the most practical management methods, whi...
Facta Universitatis, Series: Economics and Organization, 2018
The purpose of this paper is to research the relationship between environmental and social performances and company's economic value in case of the Titan Cement Kosjerić, and contribute to a clearer understanding of the importance of integrating the sustainable development principles into the business strategy and processes. The research was conducted using the data on selected financial and nonfinancial performances of the Company from the Reports on corporate social responsibility and sustainable development for the period from 2011 to 2015. To confirm the initial hypothesis, the method of analysis, method of synthesis, and the correlation analysis method were used. The empirical findings of this research indicate that there is a high degree of interdependence between environmental and social performance and Company's economic value, which is in line with the Company's commitment to sustainable development and socially responsible business. The main contribution of this paper is inhighlighting the importance of carrying out the socially responsible practices in the cement industry companies for improving all aspects of sustainable business-financial, environmental, and social.
2020
To ensure that the strategy is successful, organizational policies will be needed to prepare the facilities needed to solve the problems that arise during implementation. CV policy. Karya Perdana in a company that includes corporate social responsibility which is the basis for the company manager CV. The Initial Work so that CSR is in line with the company's vision and mission and objectives in accordance with the CSR policies in force in the community. This study is an evaluative study of the implementation of Corporate Social Responsibility in the perspective of Islamic business ethics with a qualitative approach. data analysis using interviews, documentation, and observation. The results of this study indicate that the implementation of Corporate Social Responsibility conducted on the CV. Perdana's work in Sumbermulyo village is in accordance with Islamic business ethics. This can be seen from CSR using Islamic business ethics principles such as: unity (divinity), Eqieuli...