Corporate Social Responsibility in Times of Crisis

Corporate Social Responsibility in Times of Crisis
Author: Samuel O. Idowu
Publisher: Springer
Total Pages: 289
Release: 2017-03-27
Genre: Business & Economics
ISBN: 3319528394

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This book explores national and transnational companies' Corporate Social Responsibility (CSR) activities in times and settings in which they are confronted with economic and social challenges and analyzes these situations, ranging from the financial crisis to fourth generation sustainability. Presenting a number of different cases from various parts of Europe, North America and Africa, it showcases how companies respond to the challenges of the development, consultation, implementation, integration, measurement and consolidation of CSR. Further it specifies how these corporations deal with uncertainties over corporate and financial resources, global financial stability and growing evidence for climate change. The book describes CSR adaptation under challenging circumstances and argues for the strategic and operative legitimation of Corporate Social Responsibility in times of crisis.

Communicating Corporate Social Responsibility in the Digital Era

Communicating Corporate Social Responsibility in the Digital Era
Author: Adam Lindgreen
Publisher: Routledge
Total Pages: 474
Release: 2017-12-12
Genre: Business & Economics
ISBN: 1317150635

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Although literature on corporate social responsibility is vast, research into the use and effectiveness of various communications through digital platforms about such corporate responsibility is scarce. This gap is surprising; communicating about corporate social responsibility initiatives is vital to organizations that increasingly highlight their corporate social responsibility initiatives to position their corporate brands for both consumers and other stakeholders. Yet these organizations still sometimes rely on traditional methods to communicate, or even decide against communicating at all, because they fear triggering stakeholders’ skepticism or cynicism. A systematic, interdisciplinary examination of corporate social responsibility communication through digital platforms therefore is necessary, to establish an essential definition and up-to-date picture of the field. This research anthology addresses the above objectives. Drawing on marketing, management, and communication disciplines, among others, this anthology examines how organizations construct, implement, and use digital platforms to communicate about their corporate social responsibility and thereby achieve their organizational goals. The 21 chapters in this anthology reflect six main topic sections: Challenges and opportunities for communicating corporate social responsibility through digital platforms. Moving toward symmetry and interactivity in digital corporate social responsibility communication. Fostering stakeholder engagement in and through digital corporate social responsibility communication. Leveraging effective digital corporate social responsibility communication. Digital activism and corporate social responsibility. Digital methodologies and corporate social responsibility.

Corporate Social Responsibility in the Post-Financial Crisis Era

Corporate Social Responsibility in the Post-Financial Crisis Era
Author: Anastasios Theofilou
Publisher: Springer
Total Pages: 279
Release: 2016-12-10
Genre: Business & Economics
ISBN: 3319400967

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Bringing together normative and instrumental CSR conceptualizations, practice based examples and international case studies, this edited volume brings together important contributions on the conceptualizations of CSR post financial crisis. Including coverage of a variety of practices in developing and developed contexts, industry-specific activities, business ethics and sustainable development issues, Corporate Social Responsibility in the Post-Financial Crisis brings together a variety of perspectives to provide knowledge and understanding across contexts.

Corporate Social Responsibility and Stock Resilience. An Examination of European Companies during the COVID-19 Crisis

Corporate Social Responsibility and Stock Resilience. An Examination of European Companies during the COVID-19 Crisis
Author: Julian Veil
Publisher: GRIN Verlag
Total Pages: 104
Release: 2024-01-17
Genre: Business & Economics
ISBN: 3346995704

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Master's Thesis from the year 2022 in the subject Business economics - Investment and Finance, grade: 1,0, University of Frankfurt (Main) (Institute for Management and Microeconomics), language: English, abstract: In December 2019, the world confronted the outbreak of the SARS-CoV-2 virus, leading to the global spread of COVID-19. The subsequent pandemic, declared by the World Health Organization on March 11, 2020, triggered unprecedented economic uncertainty, causing substantial upheaval in financial markets worldwide. Major indices, including the S&P 500 and DAX 30, recorded significant losses within a short span. This paper examines the role of corporate social responsibility (CSR) in influencing stock performance during the COVID-19 crisis, focusing on European companies. CSR, defined as "the responsibility of enterprises for their impact on society" by the European Commission, has been suggested as a potential factor in protecting shareholder wealth during crises. The study aims to assess whether companies engaged in CSR activities exhibit better resilience during economic downturns. The research question driving this study is straightforward: Can engagement in corporate social responsibility shield shareholder wealth from the adverse effects of an economic crisis, mitigating tail risk for European companies? To answer this question, the study analyzes the performance of 428 European companies during the COVID-19 crisis (February 20 - March 23, 2020) and the subsequent recovery period (March 24 - December 31, 2020). The methodology involves cross-sectional regressions, considering performance measures such as abnormal and raw stock returns, as well as idiosyncratic and stock volatility. CSR performance is approximated using Refinitiv's environmental, social, and governance (ESG) scores for 2019. The analysis includes a set of control variables covering risk, accounting metrics, and corporate governance measures. This study contributes to the existing literature by exploring the relationship between CSR engagement and stock performance, specifically in the context of the COVID-19 crisis. The subsequent sections delve into the literature review, data description, methodology, empirical results, and a detailed discussion of the findings.

Corporate Social Hypocrisy

Corporate Social Hypocrisy
Author: Dalia Steimikiene
Publisher: Taylor & Francis
Total Pages: 162
Release: 2023-07-07
Genre: Business & Economics
ISBN: 1000911233

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Many new challenges including competitiveness are emerging for sustainable business during this era of disruption. This book analyses these challenges to sustainable development and growth and addresses the impact of corporate social responsibility on the competitiveness of organisations. The authors analyze the major challenges for competitiveness of sustainable business in the COVID-19 era, taking into account a new business environment amid major global risks and uncertainties linked to climate change, pandemics, Russian-Ukrainian war, and intuitions of forthcoming new world economic crisis. The monograph consists of five parts: 1) sustainable development goals and the role of business; 2) climate change, COVID-19, fragile political situation, and business; 3) corporate social responsibility and corporate social hypocrisy; 4) corporate social responsibility, corporate social hypocrisy, and competitiveness of business; and 5) case study on the impact of corporate social responsibility on competitiveness with the impediments of corporate social hypocrisy. The book presents new insights in assessing the impact of CSR on competitiveness of companies with the impediments of corporate social hypocrisy. The developed framework and case study allows to develop valuable policy and managerial implications for sustainable business and engagements in corporate social responsibility as well as to show the danger of corporate social hypocrisy for competitiveness. This book will be of value to researchers, academics, and students in the fields of corporate social responsibility, organizational management, business ethics, and responsible business.

Compelling Storytelling Narratives for Sustainable Branding

Compelling Storytelling Narratives for Sustainable Branding
Author: Rodrigues, Paula
Publisher: IGI Global
Total Pages: 437
Release: 2024-07-16
Genre: Business & Economics
ISBN:

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Consumers are applying more pressure on companies to embrace sustainable practices and tell purposeful stories to win their approval. They are increasingly critical of brands for their environmental and social impact, demanding authenticity and accountability. However, many businesses need help navigating this complex terrain, unsure of how to effectively integrate sustainability into their branding strategies. The lack of comprehensive resources that bridge the gap between theory and practice in sustainable branding is a significant challenge that needs immediate attention. Compelling Storytelling Narratives for Sustainable Branding solves this pressing problem through a collection of insightful chapters contributed by esteemed academics, researchers, and practitioners. This book offers a roadmap for businesses seeking to align their brand narratives with sustainability principles. By delving into the psychology of storytelling, analyzing successful case studies, and providing practical guidance, this compendium equips readers with the tools and strategies to integrate sustainability into their branding efforts authentically.

Corporate Social Responsibility in Difficult Times

Corporate Social Responsibility in Difficult Times
Author: David Crowther
Publisher: Springer Nature
Total Pages: 249
Release: 2023-06-30
Genre: Business & Economics
ISBN: 9819925916

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It has been fairly traumatic for everyone and every organization over the last couple of years as we have had to deal with the coronavirus pandemic. It has certainly been a shock to the economic system of the world from which many are still recovering. Equally it has affected social systems and the environment, the effects of which are still being felt and will be felt for some time to come. In addition, there has been a fairly general economic crisis around the world as people struggle and adapt to the new environment. Certainly, there have been and will be changes which are likely to become permanent. While recovering from one crisis however another is becoming more significant as climate change and its effects start to become ever more apparent. So, it seems inevitable that difficult times will continue into the future. This book therefore sets out to examine aspects of the changes to corporate and institutional behaviour which have come about by the difficult times of needing to deal with past and future crises. The international origins of the contributors to this volume make this very original, taking some of the best ideas from around the world. This approach is based on the tradition of the Social Responsibility Research Network (SRRNet.org), which in its 20-year history has sought to broaden the discourse and to treat all research as inter-related and relevant to business. This tradition has always been to explore the subject widely and to seek relevant solutions, while also sharing best practice.