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Meng JJ, Wang XD, Xie MY, Hao ZL, Yang JL, Liu YB. Ethical leadership and TMT decision-making of corporate social responsibility - a perspective of self-determination theory. Front Psychol 2023; 14:1268091. [PMID: 38145000 PMCID: PMC10748587 DOI: 10.3389/fpsyg.2023.1268091] [Citation(s) in RCA: 0] [Impact Index Per Article: 0] [Reference Citation Analysis] [Abstract] [Key Words] [Track Full Text] [Figures] [Journal Information] [Subscribe] [Scholar Register] [Received: 07/27/2023] [Accepted: 11/15/2023] [Indexed: 12/26/2023] Open
Abstract
This study examines the impact of ethical leadership on top management team (TMT) decision-making regarding corporate social responsibility (CSR), considering the mediating role of TMT passion and the moderating role of performance stress. The study distinguishes between TMT harmonious and obsessive work passion and categorizes CSR as proactive and reactive. The findings reveal the following: (1) Ethical leadership positively influences proactive CSR, with TMT harmonious work passion acting as a positive mediator and TMT obsessive work passion playing a negative mediating role; (2) ethical leadership positively affects reactive CSR, with both TMT harmonious and obsessive work passion serving as positive mediators; (3) performance stress diminishes the impact of ethical leadership on TMT harmonious work passion; however, it amplifies the effect on TMT obsessive work passion. Consequently, the mediating effect of TMT harmonious work passion weakens, while the mediating effect of TMT obsessive work passion strengthens. This study emphasizes the significant role of TMT in CSR strategic decision-making and proposes a novel mediating mechanism through which ethical leadership drives CSR decision-making by considering TMT work passion. These findings reconcile the theoretical-practical conflict and have important theoretical and practical implications for enterprises in fulfilling their social responsibility.
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Affiliation(s)
- Jia-jia Meng
- Sun Wah International Business School, Faculty of Economics, Liaoning University, Shenyang, China
| | - Xue-dong Wang
- School of Maritime Economics and Management, Dalian Maritime University, Dalian, China
| | - Ming-yi Xie
- Asia-Australia Business College, Liaoning University, Shenyang, China
| | - Zhi-ling Hao
- School of Economics and Management, Dalian University of Technology, Dalian, China
| | - Jia-lu Yang
- Economics and Management School, Wuhan University, Wuhan, China
| | - Yu-bing Liu
- School of Maritime Economics and Management, Dalian Maritime University, Dalian, China
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2
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Mahmud A, Ali Z, Ashanuzzaman M, Ashrafuzzaman M. How and when community-oriented-corporate social responsibility affects employee societal behavior: A moderated-mediated model. Heliyon 2023; 9:e20097. [PMID: 37809610 PMCID: PMC10559871 DOI: 10.1016/j.heliyon.2023.e20097] [Citation(s) in RCA: 1] [Impact Index Per Article: 1.0] [Reference Citation Analysis] [Abstract] [Key Words] [Track Full Text] [Download PDF] [Figures] [Journal Information] [Subscribe] [Scholar Register] [Received: 03/02/2023] [Revised: 09/08/2023] [Accepted: 09/12/2023] [Indexed: 10/10/2023] Open
Abstract
The psychology of micro-corporate social responsibility (micro-CSR) and employee outcome has emerged in the contemporary literature of interdisciplinary management science. Previous studies have ignored the testing of mediating effects and boundary conditions in the association between micro-CSR and employee outcomes. Drawing on social identity theory (SIT) and social information processing theory (SIPT), this research aims to investigate how, why, and when the perceived CSR community (PCSRc; a micro-CSR activity) affects employee societal behavior (ESB; a voluntary behavior) accounting the mediating role of perceived external prestige (PEP) and moderating role of organizational identification (OI). Our research recruited 452 employees in Bangladesh via questionnaire and tested the proposed measurement model and structural relationships in AMOS. The results report a significant and positive relationship between PCSRc and ESB. It also reveals that PEP mediates PCSRc and ESB link, and OI regulates the straight association of PCSRc and PEP and ancillary links of PCSRc and ESB (via PEP). Finally, we recorded the research implications and future research directions.
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Affiliation(s)
- Appel Mahmud
- Department of Accounting and Information Systems, Begum Rokeya University, Rangpur 5404 Rangpur, Bangladesh
| | - Zulqurnain Ali
- School of Economics and Management, Zhejiang University of Science and Technology Hangzhou, China
| | - Md Ashanuzzaman
- Department of Accounting and Information Systems, Begum Rokeya University, Rangpur 5404 Rangpur, Bangladesh
| | - Mohammad Ashrafuzzaman
- Department of Accounting and Information Systems, Begum Rokeya University, Rangpur 5404 Rangpur, Bangladesh
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3
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Țigan E, Lungu M, Brînzan O, Blaga RL, Milin IA, Gavrilaș S. Responsibility as an Ethics and Sustainability Element during the Pandemic. Behav Sci (Basel) 2023; 13:615. [PMID: 37504062 PMCID: PMC10376764 DOI: 10.3390/bs13070615] [Citation(s) in RCA: 0] [Impact Index Per Article: 0] [Reference Citation Analysis] [Abstract] [Key Words] [Grants] [Track Full Text] [Journal Information] [Subscribe] [Scholar Register] [Received: 06/21/2023] [Revised: 07/10/2023] [Accepted: 07/17/2023] [Indexed: 07/29/2023] Open
Abstract
This article addresses two perspectives of responsibility: as an element of taking action and as ethics towards one's fellow citizens and the environment. These aspects have been used since the beginning of the pandemic. In this context, we wanted to determine the mechanism that triggers increased responsibility. We have considered two possible initial processes: one external and one learned from the family in early childhood or trained/learned during studies. Based on that, three concerns were brought to our attention. First, we targeted the impact of the pandemic on respondents' degree of responsibility for their livelihoods. Second, we wanted to determine to what extent the new situation increased the interviewee's involvement only in some activities. The third statement called into question the causal relation between the influence of extrinsic elements on a highly educated person's degree of responsibility. The focus group was the active population of the industrial sector in the North-West border area of Romania. The data obtained are the result of the sociological survey implementation. The people in the region were subject to several new limiting external factors. The results show that the unique challenges up to that point made them more accountable for their actions in a situation that affected them directly (pandemic). It also can be underlined that lifelong education is important in forming healthy principles of responsibility.
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Affiliation(s)
- Eugenia Țigan
- Faculty of Food Engineering, Tourism and Environmental Protection, "Aurel Vlaicu" University of Arad, 2-4 Elena Drăgoi Str., 310330 Arad, Romania
| | - Monica Lungu
- Faculty of Food Engineering, Tourism and Environmental Protection, "Aurel Vlaicu" University of Arad, 2-4 Elena Drăgoi Str., 310330 Arad, Romania
| | - Oana Brînzan
- Faculty of Food Engineering, Tourism and Environmental Protection, "Aurel Vlaicu" University of Arad, 2-4 Elena Drăgoi Str., 310330 Arad, Romania
| | - Radu Lucian Blaga
- Faculty of Economics, "Aurel Vlaicu" University of Arad, 77 Revoluției Bdl., 310032 Arad, Romania
| | - Ioana Anda Milin
- Faculty of Management and Rural Tourism, University of Life Sciences "King Mihai I" from Timisoara, 300645 Timisoara, Romania
| | - Simona Gavrilaș
- Faculty of Food Engineering, Tourism and Environmental Protection, "Aurel Vlaicu" University of Arad, 2-4 Elena Drăgoi Str., 310330 Arad, Romania
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4
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Kvasničková Stanislavská L, Pilař L, Vogli X, Hlavsa T, Kuralová K, Feenstra A, Pilařová L, Hartman R, Rosak-Szyrocka J. Global analysis of Twitter communication in corporate social responsibility area: sustainability, climate change, and waste management. PeerJ Comput Sci 2023; 9:e1390. [PMID: 37346616 PMCID: PMC10280435 DOI: 10.7717/peerj-cs.1390] [Citation(s) in RCA: 1] [Impact Index Per Article: 1.0] [Reference Citation Analysis] [Abstract] [Key Words] [Track Full Text] [Figures] [Journal Information] [Subscribe] [Scholar Register] [Received: 12/27/2022] [Accepted: 04/20/2023] [Indexed: 06/23/2023]
Abstract
Many people now consider social media to be an integral part of their daily routines, which has enabled companies to implement successful corporate social responsibility campaigns through these platforms. The direct interaction with stakeholders offered by social media helps companies to build understanding, trust, and their image. The aim of this study was to identify key topics and trends communicated in connection with corporate social responsibility on the Twitter social network from 2017 to 2022. Analysis of 520,638 tweets by 168,134 unique users identified a predominance of environment-related topics: Sustainability, Climate Change, and Waste management. However, Charity remains the largest single topic. Based on the trend analysis, the areas of ESG, Social Impact, and Charity were identified as growth areas in communication, while Green and Philanthropy, on the other hand, were identified as decreasing.
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Affiliation(s)
- Lucie Kvasničková Stanislavská
- Department of Management, Faculty of Economics and Management, Czech University of Life Sciences Prague, Prague, Czech Republic
| | - Ladislav Pilař
- Department of Management, Faculty of Economics and Management, Czech University of Life Sciences Prague, Prague, Czech Republic
| | - Xhesilda Vogli
- Department of Management, Faculty of Economics and Management, Czech University of Life Sciences Prague, Prague, Czech Republic
| | - Tomas Hlavsa
- Department of Statistics, Faculty of Economics and Management, Czech University of Life Sciences Prague, Prague, Czech Republic
| | - Kateřina Kuralová
- Department of Management, Faculty of Economics and Management, Czech University of Life Sciences Prague, Prague, Czech Republic
| | - Abby Feenstra
- Management Club at the Faculty of Economics and Management, Czech University of Life Sciences Prague, Prague, Czech Republic
| | - Lucie Pilařová
- Department of Management, Faculty of Economics and Management, Czech University of Life Sciences Prague, Prague, Czech Republic
| | - Richard Hartman
- Department of Management, Faculty of Economics and Management, Czech University of Life Sciences Prague, Prague, Czech Republic
| | - Joanna Rosak-Szyrocka
- Department of Production Engineering and Safety, Faculty of Management, Czestochowa University of Technology, Czestochowa, Poland
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5
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Siddiqui F, YuSheng K, Tajeddini K. The role of corporate governance and reputation in the disclosure of corporate social responsibility and firm performance. Heliyon 2023; 9:e16055. [PMID: 37215797 PMCID: PMC10192755 DOI: 10.1016/j.heliyon.2023.e16055] [Citation(s) in RCA: 1] [Impact Index Per Article: 1.0] [Reference Citation Analysis] [Abstract] [Key Words] [Track Full Text] [Download PDF] [Figures] [Journal Information] [Subscribe] [Scholar Register] [Received: 01/30/2022] [Revised: 04/30/2023] [Accepted: 05/03/2023] [Indexed: 05/24/2023] Open
Abstract
This aim of this research is to examine the role of Corporate Governance and Corporate Reputation (CR) in the disclosure of Corporate Social Responsibility (CSRD) and firm performance. A moderating - mediation model addresses this research objective based on 3588 observations from 833 firms from 31 countries between 2005 and 2011. Significant effect of CSRD on CR was observed, especially contributing to firm performance. The results verified a moderate effect of "corporate governance" on "CSRD" and CR. The study also demonstrated how CEO integrity, ownership concentration, and CR contribute to fostering CSRD and firm performance. This paper also discusses about the theoretical contributions and practical implications of the study.
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Affiliation(s)
- Faiza Siddiqui
- School of Finance and Economics, Jiangsu University, China
| | - Kong YuSheng
- School of Finance and Economics, Jiangsu University, China
| | - Kayhan Tajeddini
- Sheffield Business School, Service Sector Management, Sheffield Hallam University, UK
- Institute for International Strategy, Tokyo International University, Tokyo, Japan
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6
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Xu S, Wang H. The role of green financing to enhance tourism growth by mitigating carbon emission in China. ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH INTERNATIONAL 2023; 30:59470-59480. [PMID: 37012561 PMCID: PMC10069730 DOI: 10.1007/s11356-023-26089-z] [Citation(s) in RCA: 0] [Impact Index Per Article: 0] [Reference Citation Analysis] [Abstract] [Key Words] [Track Full Text] [Figures] [Subscribe] [Scholar Register] [Received: 11/19/2022] [Accepted: 02/19/2023] [Indexed: 05/07/2023]
Abstract
The tourism industry has undergone rapid inquiry in modern times. Based on climatic importance, current research intends to inquire about the role of green financing in enhancing tourism growth by mitigating carbon emissions in China. The study used Data Envelopment Analysis to infer the efficiency of the study model in the study context based on research topicality. Our findings highlighted that China's local tourism destination, renowned for its health and wellness tourism, indicated tourist inspiration to visit climate-supporting visit stations. Study results extended that using green financing for climate change mitigation in a Chinese tourist destination is essential. Empirical results confirmed that green funding directly mitigated climate change and enhanced tourism growth in Chinese settings by solving related issues. On such findings, the study yielded the practical implications for green financing institutions, climate change policymakers and Chinese officials for tourism development.
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Affiliation(s)
- Shiqin Xu
- School of Finance, Chongqing Technology and Business University, Chongqing, 400067 China
| | - Hengyi Wang
- School of Finance, Chongqing Technology and Business University, Chongqing, 400067 China
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7
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Ali H, Yin J, Manzoor F, An M. The impact of corporate social responsibility on firm reputation and organizational citizenship behavior: The mediation of organic organizational cultures. Front Psychol 2023; 13:1100448. [PMID: 36755981 PMCID: PMC9901298 DOI: 10.3389/fpsyg.2022.1100448] [Citation(s) in RCA: 0] [Impact Index Per Article: 0] [Reference Citation Analysis] [Abstract] [Key Words] [Track Full Text] [Figures] [Journal Information] [Subscribe] [Scholar Register] [Received: 11/16/2022] [Accepted: 12/22/2022] [Indexed: 01/24/2023] Open
Abstract
This study investigates the impact of corporate social responsibility (CSR) on firm reputation and organizational citizenship behavior, along with the mediating inclusion of organic organizational cultures (Clan and Adhocracy) in the medium and large enterprises of Pakistan. To do the path analysis and to investigate the mediating role of organic organization culture, Smart PLS was used. For data collection, the convenience sampling technique was used and responses from 360 questionnaires were the main data source. The results displayed that CSR has a significant and optimistic effect on a firm reputation and employees' organizational citizenship behavior (OCB). Secondly, the outcomes showed a positive and full mediation effect of organic organizational cultures between CSR and firm reputation but a partial mediation effect of organic organizational cultures between CSR and employees OCB. Further, the results demonstrated a positive and significant influence of employees' OCB on a firm reputation. The extensive analysis of all factors of the study was autonomously examined to identify the insights that verify how the inclusion of organic organizational cultures can boost the firm reputation and employees' OCB. Theoretical implications and future research direction are discussed.
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Affiliation(s)
- Hussain Ali
- Business School, University of International Business and Economics, Beijing, China
| | - Jianhua Yin
- Business School, University of International Business and Economics, Beijing, China
| | - Faiza Manzoor
- Department of Agricultural Economics and Management, School of Public Affairs, Zhejiang University, Hangzhou, China
| | - Mengmeng An
- School of Government, University of International Business and Economics, Beijing, China,*Correspondence: Mengmeng An, ✉
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Alhosani NHI, Nobanee H. Board gender diversity and corporate social responsibility: A bibliometric analysis. Heliyon 2023; 9:e12734. [PMID: 36711308 PMCID: PMC9876842 DOI: 10.1016/j.heliyon.2022.e12734] [Citation(s) in RCA: 0] [Impact Index Per Article: 0] [Reference Citation Analysis] [Abstract] [Key Words] [Track Full Text] [Download PDF] [Figures] [Journal Information] [Subscribe] [Scholar Register] [Received: 03/22/2022] [Revised: 06/26/2022] [Accepted: 12/21/2022] [Indexed: 01/22/2023] Open
Abstract
The objective of this study to analyze developments in relating to board gender diversity (BGD) and corporate social responsibility (CSR) research and provide future researchers with new avenues for research in the field. A bibliometric analysis was conducted by focusing on the most productive articles, authors, journals, institutions, sponsors, and countries and as co-occurrence analyses based on 1961 peer-reviewed articles published between January 1966 and April 2021 in the Scopus database. Results revealed that the number of publications relevant to BGD and CSR has been gradually increasing, and a significant increase has been observed since 2010. Keywords such as "gender," "gender equality," "sustainable development," and "corporate social responsibility" reveal the key themes in BGD and CSR research. Cluster analysis revealed three clusters: Cluster 1 focused primarily on the board composition and board structure, Cluster 2 focused on board composition and its connection to CSR or philanthropy, and Cluster 3 (comprising more recent articles) mainly stressed the impact of gender diversity on CSR or sustainability initiatives. Results also provided different implications with future research directions. It reveals the collaboration between authors in conducting research in the domain of BGD and CSR is still lacking, suggesting further research in collaboration different authors in CSR and BGD. Journal of business ethics, Corporate governance: an international review, and Academy of management journal were the top-ranking journals in term of source co-citation, and thus journals ought to be further expanded more research in CSR and BGD to enhance their source co-citations. The most productive sponsors and institutions were in developed countries, while country co-authorship analysis revealed more research need to cooperatively be undertaken in developing countries.
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Affiliation(s)
- Noora Hasan Ismail Alhosani
- College of Business, Abu Dhabi University, P.O. Box 59911, Abu Dhabi, United Arab Emirates,Corresponding author.
| | - Haitham Nobanee
- College of Business, Abu Dhabi University, P.O. Box 59911, Abu Dhabi, United Arab Emirates,Oxford Center of Islamic Studies, University of Oxford, Oxford, OX1 2JD, UK,Faculty of Humanities & Social Sciences, University of Liverpool, Liverpool, L69 3BX, UK
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9
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Morales-Pérez S, Garay-Tamajón LA, Corrons-Giménez A, Pacheco-Bernal C. The antecedents of entrepreneurial behaviour in the creation of platform economy initiatives: An analysis based on the decomposed theory of planned behaviour. Heliyon 2022; 8:e11078. [PMID: 36299520 PMCID: PMC9589190 DOI: 10.1016/j.heliyon.2022.e11078] [Citation(s) in RCA: 2] [Impact Index Per Article: 1.0] [Reference Citation Analysis] [Abstract] [Key Words] [Track Full Text] [Download PDF] [Figures] [Journal Information] [Subscribe] [Scholar Register] [Received: 05/11/2022] [Revised: 07/16/2022] [Accepted: 10/09/2022] [Indexed: 10/28/2022] Open
Abstract
The platform economy (PE) has experienced its strongest period of growth since the emergence of the sharing economy (SE). Much work has been put into understanding the effects and antecedents of the PE, with particular emphasis on peers and consumer motivation, yet few studies have analysed the motivations of the service providers and even fewer its impact on individual and collective wellbeing. The aim of this paper is provide a better understanding of the decomposed beliefs that inform the attitudinal, social-normative and control factors that make up pro-PE behavioural intention (the intention to develop a PE initiative) in the context of digitisation and wellbeing, while making the platform the focus of analysis. In this study we adapt and extend the Decomposed Theory of Planned Behaviour (DTPB) and use partial least squares regression (PLS), a structural equation modelling technique, to analyse valid data collected from 127 PE organisations operating in Spain. The empirical results obtained demonstrate that the three antecedents for behavioural intention (perceived control, attitude and the subjective norm) have a positive effect on the intention to develop a PE initiative. The study also shows that PE micro-entrepreneurs are motivated by individual and collective wellbeing and not just financial gain. This contributes substantially to reconciling the PE with its origins, rooted in pro-solidarity and social concerns, and to framing wellbeing in a broader paradigm consisting of psychological and social factors, going beyond the economic considerations and interests contained in previous paradigms.
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Sun T, Zhang SE, Yin HY, Li QL, Li Y, Li L, Gao YF, Huang XH, Liu B. Can resilience promote calling among Chinese nurses in intensive care units during the COVID-19 pandemic? The mediating role of thriving at work and moderating role of ethical leadership. Front Psychol 2022; 13:847536. [PMID: 36160539 PMCID: PMC9491387 DOI: 10.3389/fpsyg.2022.847536] [Citation(s) in RCA: 4] [Impact Index Per Article: 2.0] [Reference Citation Analysis] [Abstract] [Key Words] [Grants] [Track Full Text] [Download PDF] [Figures] [Journal Information] [Subscribe] [Scholar Register] [Received: 01/02/2022] [Accepted: 08/11/2022] [Indexed: 11/13/2022] Open
Abstract
Background Nurses working in the intensive care unit (ICU) clung tenaciously to their job during the COVID-19 pandemic in spite of enduring stressed psychological and physical effects as a result of providing nursing care for the infected patients, which indicates that they possessed a high degree of professionalism and career calling. The aim of this study was to explain the associations between resilience, thriving at work, and ethical leadership influencing the calling of ICU nurses. Methods From December 2020 to January 2021 during the COVID-19 pandemic, a cross-sectional survey of 15 provinces in China was conducted using an online questionnaire. A total of 340 ICU nurses (effective response rate: 64.89%) completed sufficient responses to be used in the study. Sociodemographic factors, job demographic factors, resilience, calling, thriving at work, and ethical leadership were assessed using the questionnaire. General linear modeling (GLM), hierarchical linear regression (HLR) analysis, and generalized additive model (GAM) were performed to examine all the considered research hypotheses. Results Resilience was positively and significantly associated with calling. Moreover, thriving at work partially mediated the relationship between resilience and calling. The indirect effect of resilience on calling was 0.204 (p < 0.0001), and the direct effect of resilience on calling through thriving at work was 0.215 (p < 0.0001). The total effect of resilience on calling was 0.419 (p < 0.0001). In addition, ethical leadership played a moderating role in the relationship between resilience and calling (β = 0.16, p < 0.05). Conclusion Greater resilience can positively predict increased calling among Chinese ICU nurses during the COVID-19 pandemic. Moreover, thriving at work is a mechanism that partly transmits the positive effects of resilience on calling. Overall, nurses possessing greater resilience tend to maintain thriving at work in the face of such adversity, further resulting in subsequently increased calling. Besides, findings suggest that there is stronger influence of resilience on calling among nurses working in an organization managed by an ethical leader. The current findings may offer two insights for nursing practitioners and policymakers in the postpandemic world. First, resilience training and intervention are necessary to foster nurses' sense of thriving at work in the nursing industry, further promoting career calling. Second, better training and effort on the development of ethical leadership for leaders in nursing practice are essential to encourage followers to engage in social learning of ethical behaviors and abiding by normatively appropriate conduct, further enacting prosocial values and expressing moral emotions.
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Affiliation(s)
- Tao Sun
- Department of Health Policy and Management, School of Public Health, Hangzhou Normal University, Hangzhou, China
| | - Shu-e Zhang
- Department of Health Management, School of Health Management, Harbin Medical University, Harbin, China
| | - Hong-yan Yin
- Department of Humanities and Social Sciences, Harbin Medical University, Daqing, China
| | - Qing-lin Li
- Department of Health Management, School of Health Management, Harbin Medical University, Harbin, China
| | - Ye Li
- Department of Health Management, School of Health Management, Harbin Medical University, Harbin, China
| | - Li Li
- Department of Administration, School of Law, Zhejiang University City College, Hangzhou, China
| | - Yu-fang Gao
- Institute of Hospital Management, Qingdao University, Qingdao, China
| | - Xian-hong Huang
- Department of Health Policy and Management, School of Public Health, Hangzhou Normal University, Hangzhou, China
| | - Bei Liu
- Department of Laboratorial Science and Technology and Vaccine Research Center, School of Public Health, Peking University, Beijing, China
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11
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The Role of Green Innovation in the Effect of Corporate Social Responsibility on Firm Performance. ECONOMIES 2022. [DOI: 10.3390/economies10050117] [Citation(s) in RCA: 3] [Impact Index Per Article: 1.5] [Reference Citation Analysis] [Abstract] [Track Full Text] [Subscribe] [Scholar Register] [Indexed: 02/06/2023]
Abstract
Indonesia’s government policy recommends that medium and large companies carry out corporate social responsibility programs. These programs provide sustainability for the company because they can involve community social relations, economic growth, and increasing environmental awareness. This study aimed to test corporate social responsibility on firm performance with green innovation as a mediation. This study used PROPER companies in 2015–2019, which were chosen using a purposive sampling method involving annual reports and financial reports, yielding 253 companies as a sample. Data were obtained from the Indonesia Stock Exchange and tested using STATA. This study indicates that corporate social responsibility can increase green innovation in companies with the stability of environmentally friendly materials, emission reductions for the surrounding community, and saving energy use. Corporate social responsibility has a positive effect on firm performance because the company has maintained the continuity of the process. After all, it has a harmonious relationship with the community. Furthermore, green innovation positively affects firm performance because the company can reduce energy use and utilize environmentally friendly resources. Therefore, green innovation can mediate the influence of corporate social responsibility and firm performance. This research contributes to senior managers who are part of their company’s top management to understand the critical role of corporate social responsibility in maintaining the company’s sustainability by paying attention to the part of the company’s environment and implementing government regulations. Corporate social responsibility can maintain good stakeholder relations and increase green innovation and firm performance. Theoretical contributions can enrich research related to the context of sustainable performance.
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12
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Le TT, Behl A. Role of corporate governance in quick response to Covid-19 to improve SMEs’ performance: evidence from an emerging market. OPERATIONS MANAGEMENT RESEARCH 2022. [PMCID: PMC9042667 DOI: 10.1007/s12063-021-00238-4] [Citation(s) in RCA: 0] [Impact Index Per Article: 0] [Reference Citation Analysis] [Abstract] [Track Full Text] [Download PDF] [Figures] [Subscribe] [Scholar Register] [Indexed: 11/30/2022]
Abstract
This paper aims to evaluate the role of corporate governance on performance of the small and medium-sized enterprises by exploring the mediating role of social responsibility engagement and environmental responsibility engagement between corporate governance and firm performance in the context of an emerging market. The paper follows a quantitative approach. The study sample was composed of 495 responses covering top executives, managers, and experts. The Analysis of a moment structures (AMOS version 20) was used to analyze the small and medium-sized enterprises data in an emerging economy in Southeast Asia in the year 2021. Our findings revealed that corporate governance has a significant and positive relationship with firm performance, social responsibility engagement and environmental responsibility engagement. In addition, social responsibility engagement and environmental responsibility engagement are found to mediate the relationship between corporate governance and firm performance. To the best of our knowledge, this is the first research that explores the mediating role of social responsibility engagement and environmental responsibility engagement between corporate governance and firm performance for the small and medium-sized enterprises. This study has novel contributions by providing important insights into the effective corporate governance mechanism and how corporate governance contributes to improving firm performance towards sustainability through engaging in social and environmental responsibility. Additionally, its application to food the small and medium-sized enterprises in the current context of an emerging economy in Southeast Asia reinforces the originality of this study. This study contributions are of great interest to academics, experts, business practitioners, and policymakers.
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Affiliation(s)
- Thanh Tiep Le
- Ho Chi Minh City University of Economics and Finance, Ho Chi Minh City, Vietnam
| | - Abhishek Behl
- Fortune Institute of International Business, New Delhi, India
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13
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Ahmed Z, Saleem Q, Ajmal MM, Jameel H. Cost of high leverage in socially responsible firms in a linear dynamic panel model. Evidence from product market interactions. Heliyon 2022; 8:e09235. [PMID: 35464700 PMCID: PMC9026578 DOI: 10.1016/j.heliyon.2022.e09235] [Citation(s) in RCA: 0] [Impact Index Per Article: 0] [Reference Citation Analysis] [Abstract] [Track Full Text] [Download PDF] [Journal Information] [Subscribe] [Scholar Register] [Received: 08/02/2021] [Revised: 10/09/2021] [Accepted: 03/29/2022] [Indexed: 11/16/2022] Open
Abstract
Corporate Social responsibility is the major challenge for senior management of firms and they devoted the significant resources for CSR initiatives. Despite of significant comprehension of CSR, an ongoing debate is still under consideration about its economic repercussions in terms of “do well by doing good”. Corporations are facing huge leverage cost with bad customer reputation in the product market. This study attempt to examine this phenomenon as the cost of high leverage in socially responsible firms and the product market interactions of those firms. The data is collected from 2009-2020 in linear dynamic setting for product market interaction, and two step system GMM estimation technique is applied for endogeneity concerns. The study identified that socially responsible firms are experiencing better growth in their sales in product market that maximize the financial benefits. However, the high leverage cost worsen their performance in product market because leverage is associated with some losses in market share due to unfavorable actions of competitors and customers. Socially responsible firms experience the low cost of high leverage which helps the firms to increase the performance in product market. Moreover, the corporate governance effectively devises the strategies to diminish the high leverage cost in the way towards better product market interactions. The results are conclusive across the financial crisis, firm’s classifications and different channels of firms. The study enables the holistic and broader understanding of CSR in the reduction of high leverage cost with an intention to increase the firm’s sustainability in product market. The study contributes with a view to ascertain the cost of high leverage in socially responsible firms for product market interactions of Pakistani firms in a linear dynamic panel.
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Affiliation(s)
- Zeeshan Ahmed
- Department of Management Sciences, University of Lahore, Gujrat Campus, Pakistan
- Corresponding author.
| | - Qasim Saleem
- Gift Business School, Gift University Gujranwala, Pakistan
| | - Muhammad Maroof Ajmal
- University Institute of Management Sciences, PMAS - Arid Agriculture University, Rawalpindi, Pakistan
| | - Hajra Jameel
- Department of Management Sciences, University of Lahore, Gujrat Campus, Pakistan
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14
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Tian J, Cao W, Cheng Q, Huang Y, Hu S. Corporate Competing Culture and Environmental Investment. Front Psychol 2022; 12:774173. [PMID: 35126237 PMCID: PMC8810529 DOI: 10.3389/fpsyg.2021.774173] [Citation(s) in RCA: 3] [Impact Index Per Article: 1.5] [Reference Citation Analysis] [Abstract] [Key Words] [Grants] [Track Full Text] [Download PDF] [Journal Information] [Subscribe] [Scholar Register] [Received: 09/11/2021] [Accepted: 12/31/2021] [Indexed: 11/13/2022] Open
Abstract
Using Chinese listed companies as research setting, this paper constructs a measure of corporate competing culture through textual analysis on firms' management discussion and analysis (MD&A) disclosures, and examines the impact of corporate competing culture on environmental investment. The results show that competing culture has a significant and positive impact on firms' environmental investment, and the results remain robust to a battery of robustness tests. Moreover, the mediating analysis indicates that competing culture promotes corporate environmental investment through enhancing firms' internal control quality. Furthermore, the heterogeneity results show that the positive impact of corporate competing culture on environmental investment is more pronounced in firms with larger size, stronger corporate governance, in high-polluting industry, and located in less developed regions. Our findings shed light on the importance of corporate competing culture and provide practical implications for corporate sustainable development.
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Affiliation(s)
- Jinfang Tian
- School of Statistics, Shandong University of Finance and Economics, Jinan, China
| | - Wei Cao
- School of Statistics, Shandong University of Finance and Economics, Jinan, China
| | - Qian Cheng
- School of Statistics, Shandong University of Finance and Economics, Jinan, China
| | - Yikun Huang
- School of Public Affairs Administration, China Agriculture University, Beijing, China
| | - Shiyang Hu
- School of Economics and Business Administration, Chongqing University, Chongqing, China
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