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This paper aims to explore the relationship between corporate social responsibility (CSR) and nonfinancial organizational performance (NFOP) of for-profit public and private enterprises in Yemen. It also aims to find whether there is a significant difference of the level of adopting CSR as a periodic activity between business-related public...
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Hay una amplia información sobre la responsabilidad social empresarial y cómo esta se debe aplicar en las diferentes organizaciones, da lugar a modelos, áreas de aplicación, grupos de interés y niveles de cumplimiento, pero no así con la creación de capital social. La relación que existe entre ambas es estrechísima. Dicho recurso es un bien intangi...
Having characteristics, traits, skills and competencies tailored to the needs and situations of life and workplace is certainly the most fundamental factor for managers to benefit from competitive advantages. One of the main goals of managers in organizations of the 21st century is to meet economic, legal, ethical and social expectations and demand...
Citations
... In another research, [7] describes the effect of CSR on non-financial organization performance in Yemeni banking companies. Their results indicate three component of CSR including economic, legal, ethical have a positive and significant relationship amongst each other. ...
Like every other companies financial institutions for example banks have a responsibility towards community to fulfill. Hence banks also perform CSR activities in the process of operating in the country. There are few frameworks depending on which different companies' different institutions perform their CSR activities. At the end of the day companies want to have an outcome of their expenses. So they need to know if CSR activities have any positive reflection in the company's financial position. In this paper I tried to find out the relationship of CSR activities with the selected six banks financial statement. The results of overall correlation matrix generally convey that theory justify the results between ROA and ROE so it means ROA positively correlate with ROE and its lead to higher profitability. Through empirical analysis we find positive and significant relationship between various dependent and independent variables are shown in Table. Descriptive analysis clearly explains about mean and standard deviation value for variables. So this analysis indicates value of standard deviation which means how much value deviate from mean as shown in table II. In this study we concluded that banks pay for the CSR also their customers take a role in the bank's practices. The findings also support the link in middle of corporate social responsibility and performance as both hearted with one another.
... Researchers in management fields consider OP as an indicator of organizational success [69]. As a result, it is crucial to evaluate OP accurately [70]. ...
Recently, the Vietnamese government established an ambitious plan that strongly promotes the development of the logistic industry. However, there is an environmental concern regarding this development. In addition, adopting environmental management practices may reduce the performance of small and medium enterprises (SMEs). Therefore, this study draws upon the natural resource-based and ambidextrous views of green innovation to examine the impact of green market orientation on performance. Particularly, this study proposes that adopting green market orientation permits logistic small and medium enterprises (SMEs) to improve exploitational and exploratory green innovation and, as such, results in the implications of organizational performance based on the balanced scorecard approach. Data were collected from 338 SMEs operating in the logistics industry. Partial least squares structural equation modeling was used to assess the data. The results indicate that the adoption of GMO permits these SMEs to indirectly improve their operational performance through exploitational and exploratory green innovation. These results provide practical implications for managers of logistic SMEs in Vietnam. In addition, this study also contributes to the literature by addressing the gaps in the existing literature.
... The authors of [11] defined the impact of corporate social responsibility on the performance of Yemeni non-financial organizations. Three components of CSR-economic, legal, and ethical-were shown to have a positive and meaningful relationship with each other using different statistical methods and results. ...
The performance of banks is one of the critical indicators for investors and a testament to the success of the economic cycle. Bank performance is the mediator between society and the state through loans to institutions and individuals. Thus, when corporate governance is activated and corporate social responsibility disclosure is disclosed in a banking environment, these are proven factors that lead to better performance. This study used the Baron and Kenny approach to test the mediator effect. The result of this study confirmed that corporate social responsibility disclosure acts as a mediator between corporate governance and bank performance.
... Feng [35] concluded in their research that the CSR types can have different effects on the financial performance of businesses in different industries. Al-Samman and Al-Nashmi [36], in their study of 103 public and private businesses in Yemen, they concluded that CSR positively affects non-financial corporate performance in state-owned and private businesses. Valmohammadi [37] concluded that CSR practices positively affect corporate performance in their research on 207 Iranian manufacturing and service businesses. ...
Today, it becomes indispensable for businesses to have socially responsible behaviors and environmental approaches. Businesses should prioritize corporate social responsibility (CSR), environmental innovation and environmental performance in order to avoid global environmental problems that may emerge as a result of irresponsible behaviours and lack of environmental protection. This study aims to propose a theoretical model for the relationship between CSR, environmental innovation and environmental performance. For this purpose, the relations between the variables were examined in the light of research and studies in the literature and a theoretical model was proposed based on the information obtained.
... To start with, the current study is one of the limited number of studies in the field of CSR that consider CSR to shape employee behavior, specifically their extra-role (creativity) behavior. Of direct importance to mention here is the fact that the majority of previous studies in the domain of CSR were conducted from an organizational perspective [81][82][83] and the CSR domain from the perspective of employees remains largely sparse. Therefore, the current study is an incremental attempt to bridging this gap. ...
The stiff situation of competitiveness in every industry has posed some serious challenges for businesses all over the world. Thus, every segment of the business is realizing the importance of creativity to remain alive in a cut-throat competitive environment. However, the banking sector has not received due attention in this regard. To bridge this gap, the current study was carried out to explore the relationship of employees’ perception of corporate social responsibility (CSR) of their bank and employee creativity with the mediating effect of inclusive leadership (IL). The data for the current study were collected from the banking sector of Pakistan through a self-administered questionnaire (n = 533) and were analyzed by using structural equation modeling (SEM) in AMOS. The statistical findings of the current survey validate the direct relationship between CSR and employee creativity. The results also confirm the mediating effect of IL in this relationship. The findings of the current survey will help policymakers from banking institutions to improve their understanding of CSR. Furthermore, these findings will help policymakers to embrace employee creativity as a “new normal” for this sector.
... Financial and non-financial methods of determining organizational performance are the two main known measurements [63]. According to Al-Sammaan [64], profitability, earnings per share, sales growth, and volume of sales are the most well-known objective measures of organizational performance. ...
The main purpose of this study is to examine the effect of corporate social responsibility on the organizational performance of the Dangote cement factory in Ethiopia. In order to achieve the research objectives, the authors adopted both a descriptive and explanatory research design. Structured questionnaires were used to gather data from the targeted group of the study, where the probability and non-probability sampling technique was employed to draw a sample of 179. The collected data were presented and analyzed using the SPSS (version 20) statistical software package. A multiple linear regression model was applied to see the effect of CSR on organizational performance. The study showed that philanthropic activities, ethical activities, and legal activities affect organizational performance, have a positive relationship, and are statistically significant at a 1% confidence interval. It was concluded that for the existence of business industries, the community relation is key to ensuring a conducive atmosphere for the business to succeed.
... (2) Private entities should be distinguished from SOEs, as state owned businesses do not have shareholder wealth maximization aims; therefore, the factors for CSR are different in SOEs and high level of accountability can be achieved (Al-Samman and Al-Nashmi, 2016;Cheng and Kung, 2016;Adams and McNicholas, 2007;Cheng et al., 2017). (3) CSRs were positively linked with the reduction of the financial risk, labor protection, financial performance, information disclosure, environmental protection, and internationalization (Kuo et al., 2012;Cheung et al., 2015;Al-Samman and Al-Nashmi, 2016;Sanchez et al., 2017;Chun, 2009;Gao, 2009;Tang et al., 2015;Cormier and Gordon, 2001;Lopatta et al., 2016;Godfrey 2005). ...
... (2) Private entities should be distinguished from SOEs, as state owned businesses do not have shareholder wealth maximization aims; therefore, the factors for CSR are different in SOEs and high level of accountability can be achieved (Al-Samman and Al-Nashmi, 2016;Cheng and Kung, 2016;Adams and McNicholas, 2007;Cheng et al., 2017). (3) CSRs were positively linked with the reduction of the financial risk, labor protection, financial performance, information disclosure, environmental protection, and internationalization (Kuo et al., 2012;Cheung et al., 2015;Al-Samman and Al-Nashmi, 2016;Sanchez et al., 2017;Chun, 2009;Gao, 2009;Tang et al., 2015;Cormier and Gordon, 2001;Lopatta et al., 2016;Godfrey 2005). (4) CSR was linked to the Stakeholder Theory and Legitimacy Theory underlining the involvement of various groups of stakeholders (stockholders, labor force, suppliers, consumers, investors, community) in the life of the corporation and stating that corporations have contracts with the society and these contracts are included in the business activities of the corporations, which legitimates their actions (Freeman and Mcvea, 2001;Garriga and Mele, 2004;Cormier and Gordon, 2000). ...
This article aims to analyze the current theory of managing the State-owned Enterprises (SOEs) with the use of Single Ownership Entity and to suggest alternative solution, particularly, managing SOEs with Corporate Social Responsibility (CSR).
After a thorough review of the literature analyzing the connection between CSR and SOEs, the article states that there are important missing points in the previous research and academic debate: (1) no scholar directly emphasizes CSR as the answer to the problems of SOEs; (2) there is no research conducted on the comparison of Single Ownership Entity and CSR, evaluating their potential positive effects on SOEs; (3) accordingly, academic literature does not discuss the ways and tools of implementation of CSR in SOEs.
The article aims to fill this gap and emphasize the links between CSR and SOEs. Due to the challenges, goals and ownership structure of SOEs, CSR is the most suitable corporate governance model for SOEs and its effective implementation is more vital than the execution of recommendations on creating the single ownership entity suggested by international organizations. The research question of the article is to compare managing the SOEs with the use of the CSR model (Alternative Theory) to single ownership mechanism established by OECD (Current Theory) and find out whether CSR is a better solution to the existing problems of SOEs.
Finally, the article discusses the institutional context of SOEs based on the examples of the countries of Eastern and Central Europe where the problems regarding SOEs remain remarkable; presents the balance of interests of stakeholders’ in SOEs in connection to Alternative and Current Theories; and combines analysis, research and recommendations of international organizations and academia towards the problems of SOEs.
... As stated by [73], the success of an organization is reflected by the degree of its performance during operations. Owing to the multidimensional characteristics and multiple measurement approaches in existence, OP was argued to lead to numerous challenges in evaluation [74]. ...
This paper sets its sights on propounding a structural model to delve into the interrelationship between the impact of the integration of corporate social responsibility activities into the public sector scorecard management framework on the corporate social responsibility disclosure and enhancement of the organizational performance among public sector organizations. The conceptual framework in company with hypothesis framing were established after examining the related literature. Data were gathered from a sample of 723 respondents in public sector organizations in South Vietnam via convenience sampling method. Structural equation modeling was employed to validate the goodness of model fit and examine the hypotheses. These findings revealed that integration of corporate social responsibility activities into the public sector scorecard management framework was significantly and positively related to the corporate social responsibility disclosure and organizational performance. Additionally, it also asserted that corporate social responsibility disclosure was considerably associated in a positive manner with organizational performance. Thus, some detailed implications in connection with each causal relationship and several orientations were underlined to ameliorate the capacity of managing and measuring the organizational corporate social responsibility practices in a strategic manner.
... In another research, [7] describes the effect of CSR on non-financial organization performance in Yemeni banking companies. Their results indicate three component of CSR including economic, legal, ethical have a positive and significant relationship amongst each other. ...
Corporate Social Responsibility (CSR) refers to a company's sense of responsibility towards the community and environment in both social and ecological. CSR activities have positive impact on firm's performance with banking sector no exception to it. Companies have their own choice of areas/fields for such CSR investments in order to have desired performance outcome. This research aimed at finding out the relationship between CSR expenses and financial performances of banking sector of Bangladesh. The financial performance measured by Return on Asset (ROA), Return on Equity (ROE), Earning per Share (EPS) and price Earnings Ratio (PER) have been considered as dependent variable where as Expenditures is CSR activities in Donation (DN), Social Welfare (SW), Education (EDU), Health and Hygiene (HH) and Environmental Protection (EP) have been considered as independent variables. Independent variables explain 57.42% of ROA, 66.1% of ROE, 77.8% of EPS and 58.01% of PER.
... In line with this, Smith points out that society requires companies to be more responsible for social problems, but on the other hand the state and government must provide solutions for these problems [85]. By analyzing studies that are focused on the application of CSR in private companies [86,87] and those which are considering CSR from a public sector angle [88,89], the authors concluded that this topic was not sufficiently explored and they did not find any relevant comparative analysis showing the impact of these sectors on CSR implementation, especially from the perspective of employees, which is also one of the motives for this research. Namely, defining the sector as one of the factors that may influence employees' attitudes towards CSR is a topic relevant for further research in this area. ...
... In previous studies, the emphasis was mainly put on CSR in private companies [86,87,111,112], while a limited number of researches related to the public sector and its role in CSR concept [88,89,113], although Hinz points out that the governments are considered to be a key driver of CSR [88]. Also, De Bernardis et al. stated in their work that the public sector is often left out of discussions related to CSR [89]. ...
... Although the results of the analysis showed that the variables related to Involvement of company in CSR and sustainability and Long-term orientation on CSR and sustainable business, with a 5% level of significance, were significant when examining the impact of the public and private sectors, the surprising result is that the significance of other variables is irrelevant and more of the half of the analyzed variables have the same research results regardless of which sector the respondents come from. These results are completely in accordance with the results of Al-Samman et al., who pointed out that there is no significant difference in the level of adopting CSR generally between public and private enterprises as a periodic institutional activity [87]. Thus, the results obtained show that employees, influenced by the identified factors, regardless of which sector they belong to, have similar or almost the same opinions and views on the largest number of CSR issues. ...
The aim of this paper is to identify the factors that influence employees’ attitudes and perceptions of corporate social responsibilities (CSR), as well as to discuss if there are some significant differences in the application of CSR in the analyzed Western Balkan countries, especially in terms of public and private sector affiliation. This is the first academic survey which examined the employees’ attitudes and perceptions of CSR integrally in five Western Balkan countries. Multivariate factor analysis was applied to data collected from 2410 employees in the analyzed countries. In order to test additionally the results obtained by factor analysis, the Structural Equation Model (SEM) was applied. The results of the research, obtained by multivariate factor analysis and SEM model, show that the largest percentage of employees believe that the CSR concept enables the generating of new values and success of the company, as well as welfare for the whole society. Additionally, companies are increasingly recognizing the strategic importance of CSR for the sustainability of their business, as well as the importance of development of sustainable practices in the environment. Based on the results of the research, the authors found out that there were significant differences in the understanding and acceptance of CSR in the analyzed countries, while there were significantly smaller differences between the private and public sectors. The results of the research may serve as a guide for managers when making decisions about implementing the strategy and future activities regarding CSR.
