Search Results (1,250)

The role of social responsibility in kindergartens is critical for fostering parental loyalty, especially amid declining enrollment rates in China. However, the relationship between kindergarten social responsibility, brand trust, perceived value, and parental loyalty is not well understood. This study investigates the influence of kindergarten social responsibility on parental loyalty, focusing on the mediating roles of brand trust and perceived value. A nationwide survey was conducted, collecting 745 valid responses from parents across 27 provinces in China. Data were analyzed using the PROCESS macro, with mediation effects tested via the bias-corrected nonparametric percentile bootstrap method. The findings reveal that kindergarten social responsibility significantly enhances parental loyalty both directly and indirectly through brand trust and perceived value. Brand trust was identified as the strongest mediator, particularly in non-inclusive kindergartens, where its effect on loyalty was more pronounced. The study also found that parents with higher education levels and higher income tend to have lower perceptions of social responsibility and perceived value, affecting their loyalty. These results suggest that kindergartens must tailor their social responsibility strategies to different parent demographics and kindergarten types to maximize parental loyalty. The study emphasizes the importance of social responsibility in strengthening parental loyalty, with specific implications for inclusive and non-inclusive kindergartens. By understanding the mediating roles of brand trust and perceived value, kindergartens can develop targeted strategies to improve competitiveness and parental engagement. Full article

The hospitality sector’s corporate social responsibility (CSR) is dynamic and constantly evolving. This article examines CSR implementation in the hospitality industry and investigates the growing prevalence of CSR initiatives. This research examines the implementation and challenges of CSR in the hospitality sector through a qualitative literature review methodology. The study highlights trends such as community engagement, ethical labour practices, and sustainable resource utilisation while identifying barriers like financial constraints and stakeholder resistance. Moreover, it examines the determinants that influence these patterns, including consumer inclinations, governmental policies, and industry recognition of the social and ecological repercussions. This research enhances the field of theory by consolidating and expanding upon current knowledge regarding CSR, building on Archie Carroll’s Pyramid theory’s focus on economic, legal, ethical, and philanthropic responsibilities and R. Edward Freeman’s Stakeholder Theory’s emphasis on business ethics and corporate governance. Modifications are made to these frameworks to adhere to the precise requirements of the hospitality industry. This research presents an alternative perspective on the intricate relationship between environmental sustainability, social accountability, and financial prosperity within the hospitality sector. This study questions the idea that CSR is either a mandatory obligation or an optional behaviour. Key findings reveal that integrating CSR into business strategies enhances operational efficiency, stakeholder trust, and financial performance. By building on established theoretical frameworks, this research provides actionable insights. It contributes to the global discourse on sustainability, offering a nuanced perspective on the hospitality industry’s evolving role in advancing environmental, social, and financial prosperity. Full article

Characterized by inexpensive and readily available products, fast fashion has increased the consumption and disposal of clothing, for which criticism has been significant due to its negative environmental and social impact. Therefore, transitioning to sustainable business models (SBMs) that balance profit with corporate social responsibility (CSR) is critical. This study explores sustainable value propositions in Polish Zero Waste fashion businesses, addressing the gap in research on SBMs. It also employs the theory of organizational paradoxes to examine tensions between profit maximization and CSR. Data were collected from 249 Polish Zero Waste companies listed on mapazerowaste.pl and analyzed through content analysis and statistical methods. Additionally, 21 YouTube videos from 2020 to 2022 were examined to study sustainable fashion promotion. Multiple coding and categorization schemes were used to identify themes, followed by frequency analysis and correspondence analysis. Second-hand clothing emerged as the most common value proposition (120 companies), reflecting consumer trends in resale. The repair sector with cobbler and leather repair services (55 companies) also showed a strong presence, highlighting demand for tailoring and upcycling services Rental services (2 companies) remain niche due to limited consumer acceptance. Promotion efforts on YouTube focus on building awareness of fast fashion’s impacts and teaching sustainable behaviors. Sustainable value propositions, exemplified by Polish Zero Waste businesses, synthesize profit and CSR strategies, addressing organizational paradoxes. These findings inform strategies to balance financial and socio-environmental goals, with implications for policy and practice in advancing sustainable fashion. Full article

In recent years, extensive research has focused on the relationship between corporate social responsibility (CSR) and financial performance. While past studies have explored this connection, they often faced challenges in quantitatively assessing the effectiveness of CSR initiatives. However, advancements in research methodologies and the development of Environmental, Social, and Governance (ESG) measurement dimensions have led to the creation of more robust evaluation criteria. These criteria use ESG scores as primary reference indicators for assessing the effectiveness of CSR activities. This study aims to utilize ESG indicators from the ESG InfoHub website of the Taiwan Stock Exchange Corporation (TSEC) as benchmarks, comprising 15 items from the environmental (E), social (S), and governance (G) dimensions to form the CSR effectiveness indicators and predict financial performance. The data cover the years 2021–2022 for listed companies, using return on assets (ROA) and return on equity (ROE) as measures of financial performance. With the rapid development of artificial intelligence in recent years, the applications of machine learning and deep learning (DL) have proliferated across many fields. However, the use of machine learning to analyze ESG data remains rare. Therefore, this study employs machine learning models to predict financial performance based on ESG performance, utilizing both classification and regression approaches. Numerical results indicate that two deep learning models, Long Short-Term Memory (LSTM) and Convolutional Neural Network (CNN), outperform other models in regression and classification tasks, respectively. Consequently, deep learning techniques prove to be feasible, effective, and efficient alternatives for predicting corporations’ financial performance based on ESG metrics. Full article

Through its initiative known as the Climate Change Act (2008), the Government of the United Kingdom encourages corporations to enhance their environmental performance with the significant aim of reducing targeted greenhouse gas emissions by the year 2050. Previous research has predominantly assessed this encouragement favourably, suggesting that improved environmental performance bolsters governmental efforts to protect the environment and fosters commendable corporate governance practices among companies. Studies indicate that organisations exhibiting strong corporate social responsibility (CSR), environmental, social, and governance (ESG) criteria, or high levels of environmental performance often engage in lower occurrences of tax avoidance. However, our findings suggest that an increase in environmental performance may paradoxically lead to a rise in tax avoidance activities. Using a sample of 567 firms listed on the FTSE All Share from 2014 to 2022, our study finds that firms associated with higher environmental performance are more likely to avoid taxation. The study further documents that the effect is more pronounced for firms facing financial constraints. Entropy balancing, propensity score matching analysis, the instrumental variable method, and the Heckman test are employed in our study to address potential endogeneity concerns. Collectively, the findings of our study suggest that better environmental performance helps explain the variation in firms’ tax avoidance practices. Full article

This study examines how institutional ownership concentration, quantified by the Herfindahl-Hirschman Index (HHI), influences the financial consequences of CSR initiatives within the U.S. restaurant industry. This study distinguishes between CSR activities that are integral to core operations (operation-related CSR) and those that are not (non-operation-related CSR), analyzing their impacts on both market-based (ROA) and accounting-based performance (Tobin’s q) measures. Employing panel regression analysis, findings reveal that higher institutional ownership concentration enhances the alignment of operation-related CSR with improved financial performance. Conversely, the institutional ownership concentration does not significantly moderate the impact of non-operation-related CSR on both performance measures. Given the restaurant industry’s high consumer visibility and operational reliance on social and environmental factors, this study fills gaps in CSR literature by offering insights for aligning CSR strategies with institutional owners’ expectations. The results provide actionable guidance for policymakers and industry practitioners to optimize organizational outcomes from CSR activities. Full article

Banks have faced increasing attention regarding their ability to balance Corporate Social Responsibility (CSR) initiatives, operational efficiency, and credit risk management, particularly in the wake of global financial challenges. This study examines the interplay between CSR, efficiency, and credit risk in 131 US banks from 2010 to 2018. Using the Choquet integral, two-step Data Envelopment Analysis, and a dynamic panel with the Generalized Method of Moments, the findings reveal a virtuous circle between CSR and credit risk, where CSR enhances credit risk profiles. Similarly, efficiency and risk exhibit mutual reinforcement. However, a vicious circle is identified between CSR and efficiency, indicating trade-offs between CSR objectives and operational efficiency. These insights guide policymakers and bank managers in optimizing this balance. Full article

With the development of new, high-quality productive forces, platform enterprises (PEs) are beginning to play a crucial role in shaping economic patterns, ecological environments, and social structures. These enterprises have significant social responsibilities when handling issues such as algorithmic discrimination, user data breaches, and market monopolies. Herein, we adopt the grounded theory method, selecting three unique types of PEs as research subjects. Through in-depth interviews with stakeholders and a three-level coding analysis, we build a “triple” responsibility model of PEs’ digital responsibility (DR). This model is based on the PEs’ triple organizational identity and is framed by three dimensions: product responsibility, technological responsibility, and application responsibility. The model also summarizes three dimensions and contents of responsibility: digital self-regulation, the digital regulation of others, and digital foresight. The concept of PEs’ DR is clarified and the structure and dimensions of PEs’ DR are delineated. This study holds significant theoretical and practical value for perfecting the social responsibility system in the platform economy. The triple DR model fills the research gap on the relationship between corporate social responsibility (CSR) and corporate DR and overcomes the limitations of the traditional CSR paradigm, providing a theoretical foundation for PEs’ sustainable development in the digital era. Full article

This article examines how CEO compensation structure and CEO gender were associated with corporate social responsibility (CSR) performance in U.S. firms in the period between 2003 and 2013. Building on prior research in economics, finance, accounting, and management, which suggests gender differences in commitment to CSR, this study provides empirical evidence that female CEOs were positively associated with higher CSR performance. The analysis further shows that a higher proportion of equity in CEO compensation was positively associated with CSR, whereas higher proportions of cash bonuses and long-term incentive plans were negatively associated with CSR. Notably, a higher proportion of a cash bonus in CEO compensation further reduced CSR in firms led by female CEOs. These findings offer valuable insights for firms seeking to design executive compensation packages that align CEO behavior with the firms’ CSR objectives. This study contributes to the growing body of literature on CSR by providing empirical evidence on the role of CEO gender and compensation structure. Full article

Live streaming has been widely used by enterprises to motivate consumers in real-time interactions. However, live streamers’ corporate social responsibility (CSR) has been overlooked in existing studies. This paper examines the CSR investment strategy for the brand owner and live streamer considering the effect of consumer preference and power structure within live-streaming supply chains (LSSCs). To achieve this objective, we develop different Stackelberg game models to examine CSR investment strategy in an LSSC by focusing on whether either firm can be the LSSC leader or invest in CSR. Additionally, the impact of CSR investment strategy on consumers and both firms of LSSC investing in CSR are analyzed. Our findings reveal that regardless of who the LSSC leader or CSR investor is, CSR investment benefits both LSSC firms, and the LSSC leader (brand owner or live streamer) always benefits more from investing in CSR. However, the LSSC follower investing in CSR benefits consumers. Moreover, either one of the LSSC firms prefers the other firm to invest in CSR when consumer sensitivity is low; otherwise, it prefers investing in CSR by itself. Finally, our research highlights that both firms investing in CSR can achieve win-win outcomes for LSSC members and consumers. These findings provide implications for LSSC firms in CSR investment strategies considering different consumer preferences. Full article

With the deep integration and development of both the digital economy and the ecological economy, governments, media, researchers and others have begun paying great attention to green digital issues. Yet whether and how digital resources shape corporate social responsibility (CSR) remains unclear. This paper examines the relationship between digital resources, CSR, and environmental performance during a period of rapid technological development, with a focus on Chinese manufacturing enterprises. We draw on structural equation modeling (SEM) to verify how digitalization contributes to more environmentally friendly and sustainable economic development. Our dataset comprises survey data from 174 Chinese manufacturing companies, providing a theoretical basis and empirical support for the deep integration of digitalization with green and low-carbon transformation. The results demonstrate that digital resources significantly promote CSR, which in turn facilitates the improvement of environmental performance. We thus find that CSR plays a mediating role in the digital resources–environmental performance relationship. Consequently, companies can consider greening their innovations through CSR practices as part of the digital transformation environment. Finally, digital resources and CSR contribute to greening innovation in different ways. This study highlights the critical role of robust CSR in driving green performance during digital transformation. It addresses a significant research gap by exploring the synergistic relationship between digitalization and green innovation, emphasizing the strategic importance of integrating CSR to achieve mutually beneficial outcomes for both society and businesses. Additionally, the study identifies deficiencies in existing research regarding the interplay between digital transformation and CSR and investigates how enterprises can directly enhance environmental performance by leveraging digital resources within the context of the digital economy. Full article

This paper investigates the association between corporate social responsibility (CSR) and tax avoidance (TA), with a particular focus on how political connections influence this relationship. The study examines non-financial companies listed on the Egyptian Exchange (EGX) over the period from 2017 to 2022, encompassing a final sample of 70 firms and 420 firm-year observations. Pooled Ordinary Least Squares (OLS) and fixed-effects regression methods are utilized for statistical analysis. The findings reveal a significant positive correlation between CSR activities and a higher degree of TA, suggesting that companies involved in CSR are more likely to engage in TA. Moreover, political connections are shown to have a moderating effect, further strengthening this relationship. To the authors’ knowledge, this research is one of the first attempts to explore the moderating influence of political connections on the CSR-TA relationship in an emerging market context. By doing so, it extends the debate in the literature regarding the negative role played by political connections in increasing TA in developing markets. Previous studies primarily focused on the direct link between CSR and TA, but this study sheds light on the nuanced interaction between these factors when political ties are considered. Full article

This study examines the relationship between Corporate Social Responsibility (CSR) and Socially Responsible Behaviors (SRBs), with a focus on the mediating effect of Meaningfulness of Work (MOW). Based on cue consistency theory and sensemaking theory, a mediation model was developed and tested using data from South Korean employees. The study found a positive relationship between CSR intrinsic attribution and green behavior, with meaningfulness of work significantly mediating the link between CSR intrinsic attribution and the two socially responsible behaviors (societal behaviors, green behaviors). Contrary to predictions, CSR extrinsic attribution had a positive direct effect on socially responsible behaviors and a positive indirect effect through meaningfulness of work. Despite mixed results, this study enhances understanding of the internal mechanisms linking CSR attributions to socially responsible behaviors, providing practical suggestions for improving CSR initiatives and related HRM policies. Organizations should incorporate employees’ perceptual assessments when designing CSR initiatives, recognizing the critical role of meaningfulness of work in promoting pro-social and pro-environmental behaviors. Full article

This research explores the relationships between green supply chain management (GSCM), lean management (LM), corporate social responsibility (CSR), and business performance (BP) in the industrial sector of Saudi Arabia. The project is implemented within the Vision 2030 framework, which aspires to green the Saudi economy by transitioning it from reliance on hydrocarbons to a diversified, sustainable economy. A quantitative approach was implemented, which involved the application of the structural equation modeling analysis for the survey data from 345 managers in the industrial sector in Saudi Arabia’s Eastern Region. The results revealed that GSCM directly makes a significant contribution to LM, CSR, and BP. Also, the study found that LM was the positive factor that mediated the relationship between GSCM and BP. Nevertheless, no such associations were found between CSR and BP, nor was there an indirect effect of CSR as the mediator variable. The research underscores the supreme role lean management plays in translating environmentally friendly supply chain practices into better business performance. It reveals that industrial companies wishing to gain the advantages of narrowing their supply chain by using green practices should also simultaneously implement a lean management system to improve efficiency. Full article