The role of corporate governance on CSR disclosure and firm performance in a voluntary environment

The file attached to this record is the author's final peer reviewed version. The Publisher's final version can be found by following the DOI link.Purpose This study aims to investigate the impact of corporate social responsibility disclosure (CSRD) on firm performance and the moderating role of corporate governance on the CSRD–firm performance relationship of listed companies in Nigeria. Design/methodology/approach The paper uses a panel data set comprising 841 firm-year observations for the period covering 2007-2016. Fixed effect regression analysis was used to examine the relationship between CSRD and firm performance, and the moderating role of corporate governance in the CSRD–firm performance relationship. Findings The results of the study show that there are positive performance implications for firms that engage in CSRD. Although this study finds no effect of board size on the CSRD–firm performance relationship, it provides a strong evidence of a positive effect of board independence on the CSR–firm performance relationship. Practical implications The study contributes to the understanding of CSRD–firm performance relationship by providing evidence of the moderating role of corporate governance. It is, therefore, recommended that a stronger regulation be put in place for CSR engagement and the disclosure of same in Nigeria as well as robust measures for the enforcement of corporate governance mechanisms because there are economic benefits to be derived. Originality/value The findings contribute to the literature by providing up-to-date and original insights on the CSRD–firm performance relationship within a developing country context. It also uses an unco mmon method of measuring CSRD, taking into account the institutional biases that may arise from other methods used in studies on developed countries

A Legal Review of Corporate Social Responsibility

The legal frontier has over the years proved its worth in shaping concepts and theories of humanity to the effect of influencing the sanity of its practice and its longevity. Corporate Social Responsibility is a theory that has existed over decades. It has however undergone various transformations as it has being duly influenced by facets of academia and developments all with the aim of maximizing its impact in the cause of achieving global development and sustainability. This academic piece in perspective, analyses the concept in legal terms and the light of its relevance today. Providing a legal definition and review of the concept in modern terms, the piece concludes with the need for more legislation to this regard.Keywords: Corporate Social Responsibility, Sustainable Development, Law, Regulation. DOI: 10.7176/JLPG/83-01 Publication date:March 31st 201

Migration and integration in borderless village: social capital among Indonesian migrant workers in South Korea

Existing research (Guarnizo et al. 2003; Portes, 2001; Cohen and Sirkeci, 2005) has endeavoured to clarify the relationship between migrants’ transnational activities and their integration into the host society. Although there are both positive and negative perspectives on this relationship, it remains unclear whether migrants’ transnational activities are likely to help or hinder their integration into the host society (Vertovec, 2009). This thesis uses the lens of social capital and diaspora identity to shed light on the relationship between Indonesian migrants’ transnational activities and their integration in a multi-ethnic town in South Korea. The influx of migrants from various countries has led to the creation of what is called ‘Borderless Village’, where people have opportunities to build intercultural connections beyond their national group. Based on ethnographic fieldwork with a group of Indonesian migrants, which themselves show social disjunctions in terms of region of origin, language, religious belief and cultural practices, this thesis examines the integration patterns of Indonesian immigrant groups in this town. In terms of whether transnational activities help or hinder integration in South Korea, I argue that both realities co-exist, and that the status of Wongok-Dong as a migrant enclave and the internally divided nature of the Indonesian migrant group itself are key factors in this regard. Indonesian migrants achieve integration among themselves by performing economic and socio-cultural transnational activities, thereby transcending divisions within the group. Although there are differences in terms of their capacity to conduct transnational activities that are shaped by each Indonesian immigrants’ different types of social capital, they are able perform transnational activities through creating and utilising ‘hidden social capital’. This is generated when Indonesian migrants strategically reveal one of their identities, such as Indonesian, Muslim or other positions, rather than emphasising their regional origin in Indonesia to achieve their objectives such as pursuing economic profits, saving face and maintaining livelihood. Through mobilising these additional identities, most Indonesians can access resources that enable them to perform transnational activities – making international phone calls, occupying cultural spaces, participating in national celebrations – beyond their regional affiliations. In this regard, Indonesian migrants integrate into Wongok-Dong by performing transnational activities due to the features of the town as a migrant enclave. However, they are isolated from mainstream Korean society, as they only achieve integration into the multiethnic space of Wongok-Dong. Thus, this research adds crucial dimensions to theories of the relationship between migrants’ transnational activities and integration into their host society through redefining both the features of the diaspora group and the role of social capital

Creating shared value: the case of innovability at Suzano in Brazil

Purpose – This study aims to investigate how Suzano implemented shared value (SV) strategies to reconcileprofitability and social welfare by joining innovation and sustainability.Design/methodology/approach – The authors use an exploratory, descriptive qualitative approach usingthe interactive qualitative analysis (IQA) method. IQA procedures and protocols were operationalized to get toSuzano’s SV system. Primary data were collected through in-depth interviews. Content analyses wereconducted with the support of Atlas.ti software.Findings – The most relevant findings of this research are (1) Suzano developed a unique strategy to spreadcollaborative and innovation mindset throughout the organization called “innovability”; (2) Suzano’s effort tounderstand local community’s demands and a collaborative work raised the companies’ profitability andenabled prosperity for the community; (3) the IQA procedures and protocols enabled the development of aSuzano’s SV system, composed of nine elements and their relationships. They are purpose-driven leadership,materiality matrix, social welfare, profitability, ecosystem, business results, social results, impact andsustainable economic development, (4) purpose-driven leadership is the system’s driver.Research limitations/implications – This study was limited to studying the implementation of the SV as astrategy to reconcile profitability and welfare. Despite the findings about the company’s conflicts with localcommunities and the strategy with small family producers, other studies could evaluate the strategy ofdifferent stakeholders, such as the supply chain since Suzano is one of the leading companies of paper sales inBrazil.Practical implications – By using IQA protocols and the nine elements of this study, other researchers mayreplicate it to investigate the adoption of SV strategies in other organizations. The SV system developed in thisstudy may be used by business leaders to disseminate the SV policies and practices in their organization.Social implications – The company adopts the three forms of SV -reconceiving products and markets,redefining productivity in the value chain and developing clusters with the local community-as strategies forsustainable and collaborative management. Suzano was led to get involved with the problems and conflicts’root causes. By doing so, the company unlocked innovation as a driver to achieve sustainable and responsiblemanagement. For them, innovation is in service of sustainability, creating innovability. Both concepts are partof the whole organization culture and practice. Innovability is Suzano’s essence, and SV strategies are themeans to scale it.Originality/value – The originality of the paper relies on the method and techniques used to gather andanalyze primary data, in which the unit of analysis (Suzano’s SV strategy) was considered a system. Majorfindings were validated with research participants. By using IQA protocols and the nine elements of this study,other researchers may replicate it to investigate the adoption of SV strategies in other organizations

Determinants of Sustainable Development among Malaysian Small and Medium Enterprises: A New Conceptual Framework

Sustainable development is an emerging paradigm designed to strike the balance between the ecological health of the planet and human development in a manner that ensures that both meet the needs of the present without compromising the future. However, little is known about the determinants of sustainable development among Small and Medium Enterprises (SMEs) in Malaysia. As such, the present study fills up the gaps by examining the relationship between integrated management systems, technology and innovation capability, sustainability orientation, green corporate image, government support and sustainable development. This research applies a quantitative survey method using a self-administrated survey questionnaire to collect data from SMEs in Malaysia. Data from this survey will be analyzed using PLS-SEM to examine the associative relationship between determinants of sustainable development and sustainable development. This study will contribute to the body of knowledge by documenting factors that lead to sustainable development, namely integrated management systems, technology and innovation capability, sustainability orientation, green corporate image and government support. It also will benefit both enterprises and the government in building competitive, resilient, and sustainable enterprises in the domestic and international markets

団体の基礎構造に関する調査（エストニア）EE-JIGSコードブック

内容に誤りがあったため、本文ファイルを差し替えました（2020/5/20

The role of central bank in greening the Nigerian financial system

The chapter explores the role of the central bank of Nigeria (CBN) in greening the financial system. I explore the ways in which the central bank could green the financial system. Some of the offered suggestions include disclosure requirements, establishing green finance labs, creating a green bank, and the use of differentiated cash reserve requirement based on environmental impact. The insights offered in this chapter are useful to bank supervisors and the monetary authority in understanding how financial and monetary decisions affect the environment

Different business ethics in chiness and western cultures

With the development of economic and cultural globalization, the study of business ethics has been arisen in recent years. Business ethics involves in many fields such as culture, ethics and business behaviors. Generally speaking, universal ethics refers to the basic human rights and obligations of the agreement to all human beings. While the “Integrative Social Contracts Theory” can be used as an effective tool to analyze the universal ethics. In the framework of universal ethic, their has the specific ethical characteristics of Chinese and Western cultures, specifically speaking, Western ethics based on rules and emphasizing the equality and individual rights to avoid the conflicts among social members; Chinese ethics based on family and relations which tries to maintain a stable social order. This paper puts particular emphasis on discussing the issue of business ethics in China which aims to arouse the ethical consciousness of Chinese enterprises. Comparatively speaking, Chinese ethical systems have the dual influences on business behaviors, on the one hand, Chinese enterprises tend to manage emotionally which have the harmonious interpersonal relationship, high cohesion, and centralized decision-making authority; on the other hand, nepotism, parents system, the neglect of individual rights and equality and the weakness of institutionalized management is the malady of the Chinese enterprises. Only dealing with the ethical conflicts between different cultures, can more Chinese multinational enterprises succeed globally and more foreign companies invest in China.Com o desenvolvimento da globalização económica e cultural, o estudo da ética nos negócios tem ganho importância nos últimos anos. A ética nos negócios envolve muitas áreas, como cultura, ética e comportamentos de negócios. De um modo geral, ética universal refere-se aos direitos humanos básicos e obrigações de acordo a todos os seres humanos. A “Teoria Integrativa do Contrato Social” pode ser usada como uma ferramenta eficaz para analisar a ética universal. No âmbito da ética universal, as culturas Chinesa e Ocidental têm as suas características éticas específicas. Especificamente falando, a ética ocidental é baseada em regras e enfatiza a igualdade e os direitos individuais para evitar os conflitos entre os membros sociais; a ética chinesa é baseada em relações familiares e que tenta manter uma ordem social estável. Este artigo coloca particular ênfase para discutir a questão da ética nos negócios na China, que tem como objetivo despertar a consciência ética das empresas chinesas. Comparativamente falando, os sistemas éticos chineses têm uma dupla influência sobre comportamentos empresariais. Por um lado, as empresas chinesas tendem a gerir emocionalmente, tendo a relação interpessoal harmoniosa, alta coesão e um modelo de decisão centralizado; por outro lado, o nepotismo, o sistema dos pais, a negligência dos direitos individuais e da igualdade e a fraqueza da gestão institucionalizada é a doença das empresas chinesas. Apenas lidando com os conflitos éticos entre as diferentes culturas, poderão as empresas multinacionais Chinesas ter sucesso globalmente e receber na China mais investimento de empresas estrangeira

Creating shared value: A systematic review, synthesis and integrative perspective

2noopenCreating shared value (CSV) refers to a strategic process through which corporations can turn social problems into business opportunities. CSV's strategic approach in solving societal problems and its close relationship with strategic corporate social responsibility (CSR) and stakeholder theory have kept the concept in the spotlight in both the corporate and academic worlds. As a result, the literature on CSV is riddled with ambiguities, weak theoretical foundations and contradictions. To better understand and address these ambiguities, we conducted a systematic literature review of 242 articles published from 2010 to 2020. We begin with a comprehensive review of the field and develop a definition of CSV that distinguishes it from related concepts. Our review and analysis reveal, firstly, that CSV is a meaningful, incremental addition in the extant literature and not a revolutionary concept, nor a buzzword. Secondly, assuming that firms are rational, a firm's decision function when it comes to adopting a CSV strategy depends on opportunity costs and transaction costs. Thirdly, there is no single universal way to create shared value: multiple external and internal factors influence a firm's ability to pursue a CSV strategy effectively. Our discussion delineates the key differences between scholars of strategy and scholars of business ethics, and directs avenues for more constructive research. We also believe that this study will act as a guide for managers in adapting to CSV strategies, helping corporations adopt society‐friendly policies.openPrem Sagar Menghwar; Antonio DaoodMenghwar, PREM SAGAR; Daood, Antoni

The Impact of Space Delocalization and Time Delocalization on the CSR Strategy in a Transition Period ——A Case Study of Chinese Small and Medium-sized Export-oriented Apparel Firms

Since the 1990s, many Chinese small and medium-sized export-oriented firms have begun to accept higher corporate social responsibility (CSR) standards because of factory inspections. In recent years, firms have been facing greater market competition in a period of transition. Different firms have different attitudes toward CSR behavior in same external macroenvironment, and some firms have formed a CSR strategy. To further explore the issue, this paper studied the impact of space delocalization and time delocalization on the CSR strategy of Chinese small and medium-sized export-oriented firms based on social structure theory. Using the case study approach, the results showed the following: (1) space delocalization can stimulate the CSR behavior of firms, although some behaviors are the result of compromise, and CSR strategy will not be initiated because of passive CSR behavior; (2) the stimulation of space delocalization can stimulate endogenous changes, but the cultural background of time delocalization has a far-reaching impact on the formation of CSR strategy