Corporate Social Responsibility and Environmental Management最新文献

This study examines how corporate digital transformation contributes to environmental responsibility by reducing pollution expenses among Chinese A-share listed firms between 2011 and 2020. We construct a firm-level digital transformation index using text analysis of annual report disclosures. The results show that digital transformation significantly lowers pollution expenses, both directly through enhanced process efficiency and indirectly by fostering innovation and easing financing constraints. These effects are stronger in firms subject to higher analyst attention and in high-tech industries. Robustness tests—including alternative measurements, Tobit models, and instrumental variable analysis—support the reliability of our findings. This research advances the literature on sustainability and corporate social responsibility by clarifying the mechanisms and conditions under which digital transformation reduces environmental costs. The findings provide practical implications for policymakers and business leaders in emerging markets seeking to align digitalization strategies with environmental objectives.

This study examines how corporate social responsibility (CSR) influences the eco-efficiency and value-creation efficiency of multinational semiconductor enterprises, and how this relationship is conditioned by institutional factors, specifically governance quality, and cultural factors, specifically long-term orientation (LTO). Drawing on the Resource-Based View and Institutional Theory, we investigate governance quality as a first-order moderator and LTO as a second-order moderator. Using a chance-constrained data envelopment analysis (CCDEA) model, we evaluate the eco-efficiency and value-creation efficiency of 42 leading firms in North America, Europe, and Asia from 2017 to 2021. We then apply hierarchical moderated-moderation regression to assess the joint effects of governance quality and LTO on the CSR-efficiency link. Results show that North American and European firms demonstrate greater stability in eco-efficiency, while Asian firms maintain more consistent value-creation efficiency. Governance quality alone does not significantly alter the CSR-efficiency relationship; however, its effect becomes pronounced when interacting with LTO, highlighting the role of cultural time horizons in translating institutional strength into sustainable performance. Methodologically, this study is the first in the semiconductor literature to couple CCDEA-based efficiency with a moderated-moderation framework that evaluates the effects of governance quality and LTO. The findings offer actionable insights for policymakers and industry leaders seeking to align sustainability regulations, incentives, and strategies with the institutional and cultural profiles of semiconductor enterprises.

The aim of this study is to examine the impact of sustainability activities on performance. In the study, it was tried to make implications by determining whether the relationship in question is linear or curvilinear. In the study, sustainability and financial data of 26 European banks were taken from the Thomson Reuters (TR) database and panel data methods were used in the analysis. In addition to the panel data analysis, the findings were supported with graphical analysis. On the other hand, robustness tests were conducted with the Driscoll–Kraay robust estimator in order to increase the validity and reliability of the findings. There is both a linear and curvilinear relationship between sustainability activities and market value. While the linear relationship between the variables in question emphasizes causality, the curvilinear relationship indicates that there is an optimal sustainability investment level in terms of maximizing market value. Therefore, banks should carry out their sustainability activities in a more focused and professional manner. This study can contribute to the literature by comprehensively examining the relationship between sustainability activities and market value. More importantly, the findings of this study can provide insight for shareholders, managers, sustainability teams, policy makers, and all other stakeholders.

Integrating environmental and social practices into small and medium-sized enterprises (SMEs) remains challenging, particularly, due to limited corporate social responsibility (CSR) implementation and the lack of effective environmental management tools. This study explores the drivers behind sustainability adoption and environmental, social and governance (ESG) disclosure among 196 Italian manufacturing SMEs in the northern region. Using a mixed-methods approach and PLS-SEM analysis, the research identifies the main factors influencing SMEs' alignment with the sustainable development goals (SDGs). Results show that corporate beliefs are more influential in guiding sustainability strategies than leaders' personal backgrounds or firm characteristics. Additionally, the availability of sustainability accounting tools and the impact of the COVID-19 pandemic have accelerated sustainability transitions. The study provides early but significant insights into how SMEs are approaching responsible practices and offers guidance for policymakers and institutions to support this shift. It highlights the urgent need for targeted frameworks that help SMEs fully integrate social and environmental considerations, thus contributing meaningfully to the global SDGs agenda.

This study examines the complex relationships between Corporate Social Responsibility (CSR), job stress, employee physical health, and work overload in South Korean organizations. Drawing on the Job Demands-Resources model, Conservation of Resources theory, and Systems Theory of Organizations, we propose and test a moderated mediation model using a three-wave time-lagged design. Data were collected from 403 employees across various sectors in South Korea. Our findings reveal that CSR indirectly influences employee physical health through the mediating mechanism of job stress. Specifically, CSR is negatively associated with job stress, which in turn is negatively related to physical health. Furthermore, we find that work overload moderates the relationship between CSR and job stress, such that the stress-reducing effect of CSR is weakened under conditions of high work overload. These results highlight the importance of considering both the psychological mechanisms and contextual factors that shape the impact of CSR on employee well-being. Our study contributes to the integration of CSR literature with occupational health research and provides practical implications for organizations seeking to enhance employee health through CSR initiatives. The findings underscore the need for a holistic approach to CSR that considers workload management alongside social responsibility efforts to maximize positive outcomes for employee well-being.

Leveraging local temperature as a proxy for physical climate risk, this paper empirically investigates whether higher temperature influences the dividend policy of local US firms. Our results indicate that higher temperature reduces the dividend payment of local firms, and the dividend reduction effect is more pronounced for firms with financial constraints. Further analysis suggests that firms reduce more dividend payments if they are more vulnerable to extreme climate. We validate our results using a textual-based measure from conference calls and find that the dividend reduction effect is stronger among firms with higher physical climate risk exposure. Our research indicates that extreme heat has a real impact on firms' financing policy.

We extend existing empirical literature on the relationship between Environmental Social Governance (ESG) and Emission Trading Score (ETS) by including the moderating role of capital and the Paris Agreement. We employed an extensive panel dataset of 6.023 observations from 317 companies across multiple industries and countries from 2005 to 2023. The Two-Step Difference Generalized Method of Moments method is employed to address endogeneity and dynamic behavior inherent in the model. The results indicate that stronger ESG scores increased participation in emission trading through the market (ETS score). However, the Paris Agreement moderates this relationship, suggesting regulatory drivers had a diminishing marginal impact in ESG-mature environments. Capital negatively interacted with ESG since capital-intensive companies prioritized other sustainability strategies over emission trading, which was perceived as less cost-effective. Our results were solid after an array of robustness checks.