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Article
Publication date: 31 May 2021

George E. Halkos and Stylianos N. Nomikos

This paper reviews and analyzes the corporate social responsibility (CSR) legal framework worldwide, discussing the new CSR definition which comprises legal features and…

Abstract

Purpose

This paper reviews and analyzes the corporate social responsibility (CSR) legal framework worldwide, discussing the new CSR definition which comprises legal features and debates for and against CSR validation. The work contributes in linking CSR and corporate laws by considering the legislative approaches worldwide.

Design/methodology/approach

CSR has mostly a voluntary character whilst it entails a normative condition attributable to social and market demands. A detailed examination of CSR worldwide is presented paying attention to international CSR legal framework in Europe, USA, Asia, Africa and Australia. Arguments for and against CSR legalization are studied.

Findings

The authors show that more regulations have to be launched mainly concerning the consequences of corporations' activities impacting the environment. Governments should promote CSR and relative encouragements focusing on a win-win state of affairs for companies.

Research limitations/implications

It seems that in the future, more regulations will be established particularly concerning the effect of companies' activities toward the environment. Little research has been conducted on the legal aspect of CSR; therefore, future research should focus on this, providing new insights. Analysis in sector level will be helpful and instructive.

Practical implications

Many further disputes have to be worked out to set up and support arrangements which will direct and observe conversions into sustainable, habitable and low pollution.

Originality/value

The authors examine and discuss in details CSR schemes around the world concentrating to the international CSR legal framework in Europe, the USA, Asia, Africa and Australia. At the same time, the authors study the arguments for and against CSR legalization.

Details

Management of Environmental Quality: An International Journal, vol. 32 no. 4
Type: Research Article
ISSN: 1477-7835

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Article
Publication date: 18 April 2017

George Halkos and Antonis Skouloudis

The purpose of this paper is to explore the relationship between corporate social responsibility (CSR) at the macro-level and well-established dimensions of national…

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3074

Abstract

Purpose

The purpose of this paper is to explore the relationship between corporate social responsibility (CSR) at the macro-level and well-established dimensions of national culture offered by Hofstede’s framework.

Design/methodology/approach

The authors employ a composite index for quantifying CSR proliferation and present new findings on the role of cultural specificity – proxied by Hofstede’s dimensions – on CSR endorsement among national business sectors.

Findings

Results indicate that cultural perspectives pertaining to “long-term vs short-term orientation” as well as “indulgence vs restraint” affect positively the composite CSR index, while “uncertainty avoidance” has a negative impact. In contrast, the effect of “power distance,” “individualism” and “masculinity” is found to be insignificant.

Originality/value

The study offers new insights to institutional theorists as well as political economy researchers for a deeper investigation of informal institutions, such as culture, which shape national or regional specificities of CSR and retain a moderating effect on the voluntary/self-regulation activities of business entities.

Details

Management Decision, vol. 55 no. 3
Type: Research Article
ISSN: 0025-1747

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Article
Publication date: 28 September 2010

George E. Halkos and Marianna K. Trigoni

The purpose of this paper is to detect the relationship between finance and growth in the European Union countries, by searching the direction of causations.

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2236

Abstract

Purpose

The purpose of this paper is to detect the relationship between finance and growth in the European Union countries, by searching the direction of causations.

Design/methodology/approach

The growth of real sector is expressed by real GDP per capita growth (dgdpcap), while the size of the financial system by the ratio of domestic credit to GDP (domcregdp). The deposit rate and inflation are used as indexes of monetary policy. This paper estimates vector autoregressive models, based on the Akaike information criterion (AIC) and the Schartz criterion (SC) criteria and cointegration tests are conducted. To test for stationarity, the paper uses Im, Pesaran and Shin (IPS) test. In case with variables are integrated of order one I(1), the paper tests whether they are cointegrated using Pedroni's methodology.

Findings

In the short run, the size of the financial system does not directly seem to affect growth, although its increase seems to lead to an increase in the deposit rate and consequently to a decrease in real GDP per capita. However, according to the vector error correction estimates, the significance of the error correction coefficients implies that there is a relationship between real sector, financial sector and monetary policy in the long run.

Originality/value

Pedroni's methodology, which allows for heterogeneity across members and residual serial correlation, is used for the first time, in Europe, regarding the above‐mentioned variables. According to the results, there seems to be a long‐term relationship, between finance, growth and monetary policy.

Details

Managerial Finance, vol. 36 no. 11
Type: Research Article
ISSN: 0307-4358

Keywords

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Article
Publication date: 4 October 2011

George E. Halkos and Nickolaos G. Tzeremes

The rapid economic growth of China has attracted the attention of economists, researchers and politicians. China is one of the largest economies in the world, with its…

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1911

Abstract

Purpose

The rapid economic growth of China has attracted the attention of economists, researchers and politicians. China is one of the largest economies in the world, with its gross domestic product (GDP) rising on an average above 9 percent. This economic growth is considered responsible for environmental degradation, which appears to be the most significant problem that economic growth causes. The purpose of this paper is to explore China's carbon emissions during 1960‐2006, focusing on the role of growth, trade and the value added by various sectors.

Design/methodology/approach

Using time series data, this paper investigates China's carbon emissions during 1960‐2006, with particular focus on the direct role of growth and in connection to trade and the value added by various sectors such as agriculture, industry and services.

Findings

The authors' empirical results indicate the presence of an inverted U‐shaped curve between CO2 emissions and growth represented by the GDP per capita. Trade seems to be an important determinant in this relationship.

Practical implications

Such empirical findings provide evidence for policy implications regarding the role of growth, trade and the value added by the various sectors of the economy on environmental degradation.

Originality/value

This study is the first effort to explore the associated implications of growth, trade and the effect of the various sectors' value added on environmental damage in an environmental Kuznets curve framework.

Details

Journal of Chinese Economic and Foreign Trade Studies, vol. 4 no. 3
Type: Research Article
ISSN: 1754-4408

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Article
Publication date: 22 June 2010

George Halkos and Dimitrios Bousinakis

This study aims to investigate the effects of stress and job satisfaction on the functioning of a company. It seeks to focus on factors affecting stress and job…

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17141

Abstract

Purpose

This study aims to investigate the effects of stress and job satisfaction on the functioning of a company. It seeks to focus on factors affecting stress and job satisfaction such as number of work hours, good relations between management and employees, good function of the group and work related to employees' area of education.

Design/methodology/approach

A random sample of 425 employees in the private and public sector and two stage cluster sampling is first used to collect primary data. Factor analysis is used next to identify the responsible factors for the correlation among a large number of qualitative and quantitative variables and their influence on productivity. Logistic regression is used next presenting many useful elements concerning the function of stress, satisfaction and supportive elements on productivity.

Findings

As expected, increased stress leads to reduced productivity and increased satisfaction leads to increased productivity. When work begins to overlap with workers' personal life this implies a negative effect on productivity. Quality work is more related to conscientiousness and personal satisfaction than work load. Energetic and active individuals affect productivity positively.

Originality/value

The paper presents a number of qualitative variables as factors representing stress and satisfaction. This is achieved using factor analysis. Next logistic regression offers the odds ratio and the corresponding probability of the effect on productivity after a change in stress and satisfaction. The empirical analysis completes the existing literature contrasting different theoretical sets of predictor variables and examining their effect on productivity. Additionally, in the study the states of stress and job satisfaction are the result of the interaction of the environment's demands with the personal characteristics.

Details

International Journal of Productivity and Performance Management, vol. 59 no. 5
Type: Research Article
ISSN: 1741-0401

Keywords

Content available
Article
Publication date: 16 March 2010

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851

Abstract

Details

Journal of Modelling in Management, vol. 5 no. 1
Type: Research Article
ISSN: 1746-5664

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Article
Publication date: 6 July 2021

Kwasi Dartey-Baah and George Kofi Amoako

The purpose of this paper is to provide a systematic review of empirical research studies on corporate social responsibility (CSR) in emerging economies.

Abstract

Purpose

The purpose of this paper is to provide a systematic review of empirical research studies on corporate social responsibility (CSR) in emerging economies.

Design/methodology/approach

This paper employed a systematic literature review using research papers published on CSR in emerging economies from 2010 to 2019.

Findings

The findings of this paper show that the principal themes of published research articles on CSR in emerging economies are (1) effects of CSR, (2) drivers of CSR and (3) challenges of CSR. Additionally, publications on CSR in emerging economies have been dominated by studies that used quantitative approach and cross-sectional design. A significant number of studies also employed secondary data sources with most of these studies not being sensitive to sectoral influences

Research limitations/implications

The research is non-empirical.

Practical implications

CSR is an area that can mitigate some of the developmental challenges of emerging economies and also stimulate the economic growth of firms. Thus, governments and organisations must partner to provide suitable conditions that would influence organisations to incorporate CSR in their business plans.

Originality/value

This review is the first of its kind that identifies the principal thematic domains of research on CSR in emerging economies. This review also provides proof of the areas of research that need attention and also provides recommendation on future areas of study on CSR in emerging economies.

Details

International Journal of Emerging Markets, vol. 16 no. 7
Type: Research Article
ISSN: 1746-8809

Keywords

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Article
Publication date: 5 February 2021

Edzuwyn Fathin Binti Haji Mahyuddin, Mohammad Iranmanesh, Azlan Amran and Behzad Foroughi

This study aims to explain how board and hotel characteristics affect biodiversity reporting and to test the moderating effect of market diversification.

Abstract

Purpose

This study aims to explain how board and hotel characteristics affect biodiversity reporting and to test the moderating effect of market diversification.

Design/methodology/approach

The annual reports of 105 hotels were examined for the period between 2016 and 2017 to analyse these hotels’ biodiversity reporting using content analysis. The partial least squares technique was used to test the proposed relationships.

Findings

The results show that the number of board members who are also on the corporate social responsibility committee, number of board members who are in environmental organizations, the star rating of the hotel, hotel size and hotel location have significant positive effects on the extent of biodiversity reporting. In addition, market diversification moderates positively the effects of number of board members with environmental experience and number of board members from environmental organizations on the extent of biodiversity reporting.

Practical implications

The results of this study will be useful in enabling hotel manager and investors to become knowledgeable about these aspects of boards, which lead to higher biodiversity reporting. This study can also inform policymakers about the types of hotels that are less likely to disclose biodiversity reports and to develop effective enforcement of regulations.

Originality/value

These findings extend the literature on biodiversity reporting by exploring the importance of board and hotel characteristics on the extent of biodiversity reporting and testing the moderating effect of market diversification.

Details

Social Responsibility Journal, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1747-1117

Keywords

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Article
Publication date: 14 October 2021

Tengku Ezni Balqiah, Elevita Yuliati and Fanny Martdianty

Literature on corporate social responsibility (CSR) has given much attention to the impact of CSR initiatives on business performance. However, managing customers…

Abstract

Purpose

Literature on corporate social responsibility (CSR) has given much attention to the impact of CSR initiatives on business performance. However, managing customers’ attributions to the company’s social activities are also needed. This study aims to extend the existing knowledge by examining the role of social justice as a moderating variable in the relationships among corporate brand image, CSR motive, corporate brand trust and loyalty.

Design/methodology/approach

The research data were collected from a sample of 710 respondents in Indonesia through an online survey. The variables used in this study’s questionnaire were adapted from previous studies. The focus of the survey was a COVID-19-related social activity conducted by the biggest private telecommunication company in Indonesia. Structural equation modeling was used to analyze the data and test the hypotheses.

Findings

The results showed that social justice moderated the relationship between corporate brand image and CSR motive. Also, social justice that revealed fairness in social life could influence how customers respond on company social activities and thus create corporate brand trust and loyalty.

Research limitations/implications

This study focused on only one company and one type of CSR activity (i.e. philanthropy) that might limit its generalizability. Future studies can focus on other types of CSR activities from various companies and industries.

Practical implications

In designing their social activities, companies must consider the importance of social justice. Companies need to address customers’ concerns toward social and society problems, especially to overcome social, environmental or health problems. Hereinafter, companies must design CSR activities that establish and accentuate their value motives by creating communication through media and public relations activities to symbolize their high concern for social problems or disasters.

Originality/value

Most previous studies consider the outcome of social activities and their impact on business performance. This study focuses on the impact of corporate brand image and social justice (as an individual characteristics) on CSR (social activities) and how it can further enhance business performance (corporate brand trust, corporate brand image, loyalty) and enrich CSR research in emerging economies.

Details

Social Responsibility Journal, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1747-1117

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Article
Publication date: 3 April 2017

Laura Madden, Deborah Kidder, Kimberly Eddleston, Barrie Litzky and Franz Kellermanns

The purpose of this paper is to examine the differential effects of workplace stress and the use of social support by contingent vs standard employees.

Abstract

Purpose

The purpose of this paper is to examine the differential effects of workplace stress and the use of social support by contingent vs standard employees.

Design/methodology/approach

Conservation of resources (COR) theory is used to frame research questions. Using content analysis of 40 interviews from individuals in the hospitality industry, differences between the levels of stress reported by contingent and standard employees as well as differences in their use of social support networks to offset stress is examined.

Findings

Contingent employees report experiencing more stress than do standard employees in the same profession. Furthermore, contingent employees seek out more social support than do standard employees. There was no difference between the two groups with respect to the desire for social support from three sources: vertical, horizontal, and customer groups.

Originality/value

This study extends the literature on contingent workers, the literature on how different types of employees deal with stress, as well as adding to the COR literature by showing that contingent employees experience and assuage their stress differently than do standard employees.

Details

Personnel Review, vol. 46 no. 3
Type: Research Article
ISSN: 0048-3486

Keywords

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