Corporate Social Responsibility and Corporate Financial Performance: Evidence from Korea

This paper studies the empirical relation between corporate social responsibility (CSR) and corporate financial performance in Korea using a sample of 1122 firm-years during 2002-2008. We measure corporate social responsibility by both an equal-weighted CSR index and a stakeholder-weighted CSR index suggested by Akpinar et al. (2008). Corporate financial performance is measured by ROE, ROA and Tobin’s Q. We find a positive and significant relation between corporate financial performance and the stakeholder-weighted CSR index, but not the equal-weighted CSR index. This finding is robust to alternative model specifications and several additional tests, providing evidence in support of instrumental stakeholder theory.corporate social responsibility; corporate financial performance; KEJI index; instrumental stakeholder theory

Corporate social responsibility, corporate reputation and employee engagement

Corporate social responsibility (CSR) has been outlined as voluntarily additional legal duties of organization to serve environment and community. This voluntarily actions of corporate help them to develop reputation which can shape favorable attitude of employees towards work. Employee engagement is an attitude of commitment and involvement of employee towards their work and organization. Researchers have proved that engaged employees are more productive, more likely to achieve corporate goals and are customer centered. Although literature provides many researches that focus on corporate social responsibility, corporate reputation and employee engagement, less work can be seen that integrates all these variables. This study bridges this gap by investigating the influence of CSR and corporate reputation on employee engagement. This study is based on primary data collected from various organizations of Pakistan. Structural equation model technique is adopted to analyze data and test hypotheses. The study confirms the significant relationships between CSR and corporate reputation, CSR and employee engagement and corporate reputation and employee engagement. The implications and applications of this research are also discussed in detail.Corporate social responsibility, corporate reputation, employee engagement

CSR communication of a large bank

Nowadays in the business and corporate world we can increasingly often hear the expression Corporate Social Responsibility. In the democratic countries of the world the CSR communication develops fast and it is one of the essential elements of economic philosophy. In Hungary the CSR communication is in a hard situation because in the Hungarian media, the distinction between surreptitious advertising and CSR is not yet defined by law and regulated.In previous conference studies I dealt with the CSR communication of Hungarian large banks among which the OTP Bank has the best experience.The aim of my study is to examine the communication of CSR activities through the example of a Hungarian large bank, namely OTP Bank and to explore its potential.In my study firstly I describe the definition of CSR and its communication this is how the corporate social responsibility can be interpreted. Then I demonstrate the CSR communication tools. In the main part of my writing I examine the possibilities of CSR presence and analyze the application of CSR communication tools in the case of a Hungarian large bank. I close my study formulation of hypotheses for national bank sector and further research proposals. My main research questions are: 1. How CSR initiatives are being communicated? 2. How to get publicity for the CSR actions? 3. How to improve the CSR communication?corporate social responsibility, CSR communication, bank

Influence of corporate social responsibility on development of corporate reputation and customer purchase intentions

The concept of corporate social responsibility (CSR) has gained wide consideration in academic field as well as in business world in recent years. Organizations are using CSR to develop competitive advantage and establish congenial relations with its stakeholders. Despite the popularity of CSR in the developed world, the potential benefits of CSR are less emphasized in the developing economies like Pakistan. This study examines the influence of CSR on development of corporate reputation and purchase intentions in the cellular industry of Pakistan. The data has been collected from the respondents regarding their perceptions about CSR actions and its influence on their reputation and customer purchase intentions. Structural equation modeling technique is used to analyze data and test hypotheses. The study found significantly positive influence of CSR on building corporate reputation of doing good and developing customer purchase intentions. The study provides useful recommendations for the policy makers in corporate world. It also contributes towards literature on CSR, Corporate reputation and customer behavior and offer direction for future researchers.Corporate social responsibility, corporate reputation, customer purchase intentions, developing economy, structural equation model, Pakistan

PENGARUH SIZE, PROFITABILITAS, LEVERAGE, DAN UMUR TERHADAP PENGUNGKAPAN TANGGUNG JAWAB SOSIAL PERUSAHAAN (Studi Empiris Perusahaan Manufaktur yang Listing di BEI TAHUN 2010 – 2013)

Currently the company is not only required to make a profit, but also must pay attention to social responsibility in the community. From an economic perspective, it is expected to benefit the company as high. But from the social aspect, the company must contribute directly to the public, namely improving the quality of people's lives and the environment. Factors thought to affect the disclosure of corporate social responsibility (CSR) is the company size, profitability, leverage and age. However, based on the results of previous studies showed different results depending on the influence of these variables on disclosure of corporate social responsibility (CSR). The purpose of this study was to analyze the effect of firm size, profitability, leverage and age on the disclosure of corporate social responsibility (CSR). The sample used in this study were 75 companies listed on the Stock Exchange and its shares are actively traded during the period 2010-2013 by using purposive sampling technique. The data used is secondary data. The analysis technique used is multiple linear regression. According to analysis done can be seen that the size of the company does not affect the disclosure of corporate social responsibility (CSR), the profitability of a positive effect on social responsibility disclosure (CSR), leverage significant negative effect on the disclosure of corporate social responsibility (CSR) and the age of the company is not affect the disclosure of social responsibility (CSR). Test results of multiple linear regression showed that the regression model is used to predict good for the disclosure of social responsibility (CSR). While the disclosure of corporate social responsibility (CSR) can be explained by the independent variables are firm size, profitability, leverage and age of 20.1%

Responsibility and the modern corporation

Corporate governance crises as well as human rights issues in global value chains have pushed notions of Corporate Social Responsibility (CSR), Corporate Citizenship (CC), Triple P (People, Planet, Profit) and sustainable development onto the agenda of corporations and into the discussion of corporate governance. However, it has been argued that the CSR debate tends to rest on rather underspecified conceptions of the public corporation and corporate governance

Corporate Social Responsibility (CSR) Initiatives at Multinational Companies in Malaysia

Today it is generally accepted that organisations have social responsibilities that extend well beyond what in the past was commonly referred to simply as the “business economic function”. This study sets out to find out the motivation of Shell Malaysia (SM) in practicing their CSR initiatives. Understanding that no metaphor is perfect and that the pyramid of CSR by Archie B Carroll is no exception, the four responsibilities: economic, legal, ethical and philanthropic is intended to portray that the total CSR of SM's business comprising distinct components that, taken together, constitute the whole. Intensive interview was done within the sphere of SM's Corporate Affairs (CA) Department directed to the senior management. Motivations that lead to CSR initiatives is the earning of goodwill which help SM optimise its portfolio and maintains its license to operate and grow, enhancement of reputation, retention of good employment talent, investor relations and access to capital, reduction and management of project risk through risk profile and risk management, encouragement of innovation inspired by society's expectations, reinforcement of customer loyalty, and lastly, the gains of eco- efficiency through societal approval that increases overall business efficiency. The studied organisation practices CSR according to the four responsibilities in Carroll's pyramid: economic, legal, ethical and philanthropic. In spite, having the ethical and philanthropic layers added only recently, SM's CSR initiatives seemed to have gone beyond that, practicing strategic engagement into the field, which puts it in the lead compared to many organisations. Hence, imprinting a name for itself to serve as a benchmark or role model for other organisations to follow

Corporate social responsibility in Spain: An overview

In Spain, as in many other European countries, there is a growing movement in favor of corporate social responsibility (CSR). Spanish companies consider corporate reputation, competitive advantage and industry trends to be the major driving forces of CSR. However, these factors are closely related to other cultural, social and political influences. Initiatives undertaken by the EU and international organizations have influenced companies' decision to implement CSR. Associations and forums that bring together the heads of leading corporations, business schools and other academic institutions, NGOs and the media are actively promoting CSR in Spain. Although the degree of implementation of CSR in Spain is still moderate, initiatives in this field from some of the country's most respected companies augur promising developments in CSR in the near future.corporate social responsibility; business ethics;

KONTRIBUSI PROGRAM CORPORATE SOCIAL RESPONSIBILITY (CSR) PT. OILTANKING TERHADAP MASYARAKAT LOKAL DI KABUPATEN KARIMUN

PT. OiltankingmerupakanperusahaanasingasalJerman yang bergerak di bidangminyakdan gas (migas). PT. Oiltankingtermasukkedalamperusahaanmultinasional (MNC) atauperusahaan di seluruhdunia. FTZ mempermudahinvestasiasing agar kepentingannasionaldapatterlaksanatanpamenghilangkankepentingandaerah, sertapemerataanekonomi yang akanmembawapemerintahdaerahdanpemerintahpusattumbuhmajumensejahterakanrakyat. Hal yang menarikpenulisuntuktelitiadalah: Bagaimanakontribusi PT. Oiltanking di KabupatenKarimun? Bagaimana program Corporate Social Responsibility (CSR) PT. Oiltanking di Karimun? Lalubagaimanapengaruh program Corporate Social Responsibility (CSR) PT. Oiltankingterhadapmasyarakatlokal di KabupatenKarimun? Adapuntujuanpenelitianiniadalahmengetahuikontribusi PT. OiltankingKarimun di KabupatenKarimun, menjelaskanmengenaiCorporate Social Responsibilty (CSR) PT. Oiltanking yang ada di Karimundankontribusi PT. Oiltankingdalammeningkatkanpertumbuhanekonomimasyarakatlokal di KabupatenKarimun. Sedangkankegunandaripenelitianiniialahdiharapkandapat bergunadidalam proses pemahamandanpenganalisaankontribusi PT. OiltankingKarimundalam program Corporate Social Responsibility (CSR) terhadapmasyarakatlokal di KabupatenKarimunjugadapatmemberikankontribusiliteraturkeilmuandanliteratur di bidangIlmuHubunganInternasional, khususnyadenganpokokbahasan yang mengkajitentangCorporate Social Responsibility (CSR). Metode yang digunakandalammelakukanpenelitianiniadalahanalisisdeskriptifdimanapenulisberupayamenggambarkankenyataandengansituasiberdasarkankonsep-konsep yang digunakan.Selainitumetodeinijugamenerangkanhubungan, mengujihipotesa-hipotesa, membuatprediksisertamendapatkanmaknadanimplikasidarisuatumasalah yang ingindipecahkan.Denganmetodeini, data yang dikumpulkan, diklarifikasikan, diolahdankemudiandianalisaberdasarkanteori-teori yang berlakuuntukmemberigambaranmengenaikontribusi program CSR dari PT. OiltankingterhadapmasyarakatKabupatenKarimun. Hasildaripenelitianiniadalah :Kontribusidari program CSR PT Oiltankingmemberikanbanyakdampakpositifdalammembangunkepercayaanmasyarakat di KabupatenKarimundalamberbagaibidangsepertiEkonomi, Pendidikan, Sosial, KesehatansertaLingkungan. Di manadenganadanya program CSR inidapatmembantukehidupanmasyarakatKabupatenKarimunmenjadilebihbaiksehinggakepercayaanmasyarakatterhadap PT.Oiltanking pun meningkat. Kata kunci :PT. Oiltanking, Program CSR, KabupatenKarimun