Corporate Social Responsibility and Environmental Management最新文献

Environmental, social, and governance (ESG) is a relatively new concept that emphasizes how to contribute to creating sustainable businesses. However, research on factors that influence ESG development is insufficient. This study explores how internal control influence enterprise ESG information disclosure, using 2009–2021 data from China's A-share listed companies. The findings show a substantial positive correlation between internal control quality and corporate ESG information disclosure. Particularly, the internal control quality significantly affects corporate governance information disclosure. Moreover, the connection between internal control quality and enterprise ESG information disclosure is significantly and positively moderated by media attention. Specifically, negative media evaluations have significant impacts on enterprises. The main findings remain valid even after conducting multiple robustness tests, such as the lag test, propensity score matching, instrumental variable method, and alternative measurements for the key variables. This study widens the theoretical research frontier of internal and external supervision mechanisms.

The existing literature on the impact of ownership structure on corporate social responsibility (CSR) showed inconsistent results and disregarded the possibility of non-linear patterns in the relationship. The present study examines the non-linear relationship between ownership structure (family, foreign, institutional, and government) and CSR expenditure of listed non-financial service sector firms in India. Further, the moderating effect of board variables, including board size, board independence, multiple directorships and gender diversity, is explored in the ownership structure-CSR nexus. Based on a balanced panel dataset of 243 non-financial service sector companies listed in India, the study observed an inverse U-relationship between institutional ownership and CSR. The study also found that family, foreign, and government ownership positively influence the firm's social engagement. However, the study could find partial support for the moderating role of the four board characteristics; board size, board independence, multiple directorships and gender diversity in ownership-CSR association. The study contributes to existing CSR and corporate governance literature by exploring one of the major factors (ownership structure) impacting CSR and the role of board variables in the association.

According to traditional portfolio theories constraints, restrictions, and screens applied in portfolio selection reduces the diversification opportunities which can impact financial performance. Is this true in the case of socially responsible investment (SRI)? To answer this, present study analyzes the performance of Socially Responsible (SR) indices in comparison to conventional indices in an emerging economy. The uniqueness of the study is that it analyses the performance of Shariah, ESG, and thematic indices in a single study. Further, the study measures the impact of Covid-19 on them. Comparative performance evaluation was conducted by using absolute return analysis and risk-adjusted measures namely, Sharpe ratio, Treynor ratio, tracking error, information ratio, capital asset pricing model (CAPM), Fama–French three-factor, and Carhart's four-factor models. The Structural break was identified, hence analysis was conducted for the total period (January 2017–March 2023) and two sub-periods, that is, pre and post-Covid-19 period. No significant difference was found between the returns of SR indices and conventional indices as against the benchmark index on the basis of absolute return analysis. Sharpe ratio and Treynor ratio both were having negative values for all the SR and conventional indices. Tracking error for all the SR and Conventional indices were very low. The CAPM and both multi-factor models univocally pointed toward the underperformance of all the SR (except S&P BSE 100 ESG index which had equal performance) and both conventional indices against the benchmark index. Noteworthy point is that only Shariah indices gave the highest returns during post-Covid period. This research will help in deepening the SRI in the capital market. Companies should increase their ESG scores and make efforts to be listed on the SR indices. Policymakers should announce some kind of rebates, or recognition for star-performing companies in the field of sustainability to encourage other companies to adopt SR practices in their business operations. The novelty of the current study is that it adds to the socially responsible literature by analyzing the performance of Shariah, ESG, and Thematic indices and conventional indices in a single study in the fastest-growing economy of India and analyses the impact of Covid-19 on this performance.

To achieve the “dual carbon” goals, manufacturing businesses must pursue green development. Compared to larger enterprises, the path towards green development is fraught with difficulties for the numerous traditional small and micro manufacturing enterprises. Lean thinking offers new solutions to the pain points and challenges of green development for these enterprises. However, existing research primarily focuses on large enterprises, with limited studies on traditional small and micro manufacturing enterprises; moreover, the conclusions on lean green development remain contentious and fail to effectively guide these enterprises through their green development bottlenecks. Therefore, this paper constructs a lean green development mechanism model for traditional small and micro manufacturing enterprises based on the grounded theory research method and the “resource-behavior-performance” model. It validates the model with empirical data from 333 traditional small manufacturing enterprises in China. The results show that in the actual development process of traditional small and micro enterprises, implementing lean organization and lean production significantly improves environmental performance, but the impact on economic performance is complex. Additionally, the influence of lean strategies on green development performance is not significant, not fully realizing their potential guiding role. Further in-depth analysis of traditional small and micro manufacturing enterprises with a mature level of lean management reveals that as the level of lean management improves, the guiding effect of lean strategies begins to emerge; both lean organization and production have a significantly positive impact on economic performance. The findings are theoretically and practically significant for overcoming the green development challenges faced by traditional small and micro manufacturing enterprises, help to broaden the research scope of lean green development, and provide decision-making and theoretical support for promoting the seamless implementation of lean green development in the traditional manufacturing sector.

Sustainable human resource management is gaining importance in organizations due to its role in developing a sustainable work environment and well-being. This paper discusses the relationship between employee perceptions of sustainable human resource management and job satisfaction in 54 countries. We propose that sustainable HRM is positively associated with job satisfaction but that this relationship is moderated by employees' identification with the organization and country-level individualism–collectivism. Thus, we suggest national culture functions as a second-level moderator of the relationship of sustainable HRM with organizational identification on job satisfaction. Findings from the multi-level analyses using data from 14,502 employees nested within 54 countries provided support for our hypotheses, namely that employee perceptions of sustainable HRM were positively associated with job satisfaction and that this relationship was more pronounced for employees with lower levels compared to higher levels of organizational identification in individualistic rather than collectivistic countries. These findings bear important implications for both theory and practice.

Environmental sustainability is currently of paramount importance worldwide. In this context, digitalisation has emerged as a transformative force in the business world, and small and medium-sized enterprises (SMEs) need to adapt to sustainability and digitalisation without neglecting performance. The objective of the study is to establish the connection between the positive financial outcomes resulting from digital capabilities and the ability of SMEs to become environmentally sustainable. Additionally, a theoretical framework has been developed to explain the results from the analysis of a reflexive structural equation model using data collected from 975 Spanish SMEs. The results indicate that investing in digitalisation allows companies to become more environmentally responsible and achieve qualitative growth in terms of reputation. Furthermore, digitalisation promotes quantitative growth through improved efficiency, cost savings, enhanced product quality and increased customer satisfaction. Lastly, the study model demonstrates that profitable companies are more likely to be sustainable.

Based on the theory of firm behavior, we explain the voluntary corporate social responsibility (CSR) disclosure behavior of firms from the perspective of trust repair and regard the process of firms' response to the CSR institution as an important way to trust repair for firms' management. We adopt an event history approach with a sample of Chinese firms listed on the A-share market from 2008 to 2020 and find that faster engagement in CSR disclosure is one of the important trust repair methods for management when firms face performance gaps, and performance gaps positively incentivize firms to voluntarily engage in CSR disclosure. In addition, managers consider the total costs, risks, and benefits of different trust repair methods, there is a substitution effect between different trust repair methods, and the disclosure of internal audit reports and philanthropic donations negatively moderates the relationship between performance gap and CSR disclosure. Our study has important implications for understanding how firm performance affects CSR strategic decisions.

This study contributes to the existing literature on green innovation by examining the impact of Confucianism culture on green innovation. Drawing on a culture perspective, we argue that Confucianism culture is significantly positively associated with green innovation. Using a sample of Chinese listed firms in the industrial sector from 2007 to 2019, we provide strong evidence to show that corporate green innovation projects are significantly more prevalent for firms surrounded by a strong Confucianism atmosphere compared to those in a weak Confucianism atmosphere. Additionally, we investigate the mediating roles of CEO myopia and employee-related CSR, revealing that Confucianism culture, through both CEO myopia and employee-related CSR mechanisms, influences green innovation. Our study contributes to the extant literature by shedding light into the black box of the positive role of Confucianism in green behavior.

This study, which is anchored to Resource-Based View (RBV) theory, explores the relationship between artificial intelligence (AI), process optimization, organizational flexibility, and sustainability performance in organizational settings. Leveraging the RBV framework's focus on internal resources as sources of competitive advantage, this research seeks to clarify how AI adoption, process optimization, and organizational flexibility foster sustainable growth. SPSS PROCESS Macro was used to analyze the data from 288 organizations. The findings derived from the empirical data, this study verify the positive relationships between AI and process optimization as well as AI and sustainability performance, revealing the strategic nature of AI as a resource to improve operational effectiveness and environmental responsibility. Further, our results indicate the mediating role of process optimization and the moderating effect of organizational flexibility in determining the link between AI and sustainability outcomes. Moreover, results confirmed the indirect effects of AI on sustainability performance via process optimization under the boundary conditions of the organizational flexibility. These findings add to the developing literature of sustainable operational practices and provide practical suggestions that might be useful for the practitioners aiming at using AI driven by organizational capabilities to deliver sustainability performance.

Sustainable development is the primary goal of the current global economic transformation. The banking industry, as an intermediary institution within the financial system, not only serves as a crucial foundation for national economic development but also plays a key role in the global transition to sustainability and a low-carbon economy. Banks can leverage the influence of financing to direct funds towards sustainable ventures and simultaneously develop green financial products, guiding ordinary consumers to make more environmentally friendly choices. How the banking industry can effectively improve operational efficiency while considering sustainable development is one of the key focuses of ongoing development in the banking sector. The main aim of this study is to incorporate the aspect of sustainable development into the evaluation of operational efficiency, aligning with the goals of corporate sustainable development. It allows for an analysis of how decision-makers in the banking industry can adjust resources to maintain stable and sustainable profitability while promoting sustainable development. This study selected 13 financial holding banks and 19 non-financial holding banks in Taiwan as research subjects, covering the period from 2016 to 2021. Utilizing a meta assurance regions (AR) parallel dynamic two-stage slacks-based measure model with “operational stage” and “market and sustainability parallel stage,” the research explores the efficiency performance of banks considering sustainable development. It examines the differences in efficiency performance at various stages among different types of banks. The research findings are as follows: (1) among the banking industry in Taiwan, operational stage efficiency ranks the highest, followed by sustainable stage efficiency, while market stage performance lags behind. (2) Financial holding banks outperform non-financial holding banks on average in operational stage, market stage, and sustainable stage efficiency. (3) Fubon Financial, TFH, CATHAY HOLDINGS, and SKFH are benchmark performers among financial holding banks. (4) Non-financial holding banks exhibit a higher average technical gap ratio compared to financial holding banks, indicating that non-financial holding banks have fewer inefficient areas to improve. However, the technical efficiency of both groups of banks approaches each other over the years. (5) In the sustainable stage, financial holding banks demonstrate superior environmental indicators and corporate treatment efficiency compared to non-financial holding banks.