Corporate social responsibility actions and organizational legitimacy at the peak of COVID-19: a sentiment analysis
ISSN: 1472-0701
Article publication date: 8 July 2021
Issue publication date: 22 September 2021
Abstract
Purpose
This paper aims to analyse stakeholder sentiment about the corporate social responsibility (CSR) actions implemented by Italian companies between February 20, 2020 and April 20, 2020, which was the first peak in the outbreak of the COVID-19 health emergency in Italy.
Design/methodology/approach
Using sentiment analysis, the impact of COVID-19 on CSR actions is analysed through reactions to the news published on Twitter by a sample of Italian news agencies.
Findings
The analysis indicates that the actions most appreciated are those that are more radical, e.g. where the company has converted part of its production to make goods that are useful in dealing with the COVID-19 emergency. The study identifies a new category of actions definable as “crisis-shaped CSR.”
Practical implications
This is one of the first studies concerning the effects of the pandemic on both CSR actions and organizational legitimacy.
Originality/value
This work explains which strategic approach to CSR is the most effective in supporting corporate reputation in times of crisis, this study identified which of the CSR initiatives adopted by companies in Italy were more effective in stimulating positive interactions and sentiment among the general public.
Keywords
Citation
Giacomini, D., Martini, M., Sancino, A., Zola, P. and Cavenago, D. (2021), "Corporate social responsibility actions and organizational legitimacy at the peak of COVID-19: a sentiment analysis", Corporate Governance, Vol. 21 No. 6, pp. 1043-1058. https://doi.org/10.1108/CG-09-2020-0389
Publisher
:Emerald Publishing Limited
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