CSR-enhancing factors for business vs public stakeholders: evidence from Hong Kong
Journal of Asia Business Studies
ISSN: 1558-7894
Article publication date: 29 January 2020
Issue publication date: 28 April 2020
Abstract
Purpose
The purpose of this study provides the enhancing factors of corporate social responsibility (CSR) and examines their differential effects on corporate social performances for business-stakeholder groups (i.e. investors, employees, suppliers and customers) and public-stakeholder groups (i.e. communities and the environment).
Design/methodology/approach
This study uses a differenced-equation model to test the differential effects of CSR-enhancing factors. The study tests the impact of each factor controlling the effects of the other CSR-enhancing factors in one multivariate analysis with survey data of 776 small and medium-sized enterprises from Hong Kong.
Findings
This study finds that firms give more CSR efforts for public stakeholders than for business stakeholders as firms’ financial resources, institutional conformity and their perceived regulatory pressure increase. On the other hand, firms provide more CSR efforts for business stakeholders than for public stakeholders when such efforts are based on their strategic motivation.
Originality/value
The main contribution of this study is to clarify diverse CSR-enhancing factors for different stakeholders, in particular, business vs public stakeholders, thus to help firms understand the effective ways to increase CSR actions for specific target stakeholder groups.
Keywords
Citation
Min, S., Kim, N. and Lo, C. (2020), "CSR-enhancing factors for business vs public stakeholders: evidence from Hong Kong", Journal of Asia Business Studies, Vol. 14 No. 3, pp. 399-419. https://doi.org/10.1108/JABS-03-2018-0108
Publisher
:Emerald Publishing Limited
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