The Directions of Interrelations Between the Company's Performance and Corporate Social Responsibility (CSR) Activities

• Autorzy: Robert Zajkowski , Ada Domańska

Warianty tytułu

Kierunki współzależności między wynikami przedsiębiorstw a zaangażowaniem w działania z zakresu społecznej odpowiedzialności biznesu (CSR)

• Języki publikacji: EN

Abstrakty

EN

The interrelations between engagement in CSR activities and the company's performance are still one of pivotal managerial problems. Ample findings related to this issue seem to reveal a rather hazy than clear picture. In this paper, an attempt has been made to complement this problematic issue with the results of the survey conducted among a group of Polish large and medium -sized family businesses. The aim of the paper is to analyse relationships between the self -assessment of the company's performance and its engagement in various CSR activities. It seems to be interesting to identify what kind of relationship and mutual influences can be found between the company's economic and non-economic activities and whether its value aspects, in their broad meaning, exist. To identify this relationship, two groups of linear regression models were adopted (CSR activities or the self-assessment of the company's performance as dependent variables). The ultimate conclusion drawn seems to confirm that the problematic area mentioned above should be described rather by a circular than linear direction of influences which were called a multilevel chain of interferences. (original abstract)

Współzależności między zaangażowaniem przedsiębiorstw w różnorodną działalność związaną ze społeczną odpowiedzialnością biznesu ( Corporate Social Responsibility - CSR) a ich wynikami są jednymi z ważniejszych kwestii badawczych i praktycznych. Liczne wyniki badań w tym obszarze wydają się prowadzić do rozbieżnych konkluzji, wskazując zarówno na istnienie korelacji dodatnich, jak i ujemnych. W artykule podjęto próbę uzupełnienia luki badawczej o wyniki badań przeprowadzonych na grupie polskich średnich i dużych przedsiębiorstw. W tym celu wykorzystane zostały adekwatne modele regresji liniowej, w których z jednej strony rolę zmiennych objaśnianych pełniły aktywności ukierunkowane na CSR, z drugiej natomiast prezentujące samoocenę efektów ekonomicznych przedsiębiorstw. Sformułowane wnioski pozwoliły potwierdzić, że związki te, jeżeli występują, mają raczej charakter cyrkularny (tzw. wielowymiarowy łańcuch powiązań) niż przyczynowo -skutkowy. (abstrakt oryginalny)

Słowa kluczowe

EN

Family-owned business; Corporate Social Responsibility (CSR); Financial performance; Regression models; Linear regression

PL

Przedsiębiorstwo rodzinne; Społeczna odpowiedzialność biznesu; Wynik finansowy; Modele regresji; Regresja liniowa

• Czasopismo: Acta Universitatis Lodziensis. Folia Oeconomica
• Rocznik: 2019
• Numer: vol. 4, t. 343
• Strony: 211--233

Twórcy

autor

Robert Zajkowski

• Maria Sklodowska-Curie University in Lublin, Poland

autor

Ada Domańska

• Maria Sklodowska-Curie University in Lublin, Poland

Bibliografia

• Arnold M. F. (2008), Non-Financial Performance Metrics For Corporate Responsibility Reporting Revisited, A Doughty Centre for Corporate Responsibility Working Paper, Cranfield School of Management, Cranfield.
• Banerjee S. B. (2000), Whose Land is it Anyway? National Interest, Indigenous Stakeholders, and Colonial Discourses, "Organization & Environment", no. 13, pp. 3-38.
• Barnett M. L. (2007), Stakeholder influence capacity and the variability of financial returns to corporate social response, "Academy of Management Review", no. 32(3), pp. 794-816.
• Baron R. A., Franklin R. J., Hmieleski K. M. (2016), Why entrepreneurs often experience low, not high, levels of stress: The joint effects of selection and psychological capital, "Journal of Management", no. 42(3), pp. 742-768.
• Bonaventura J. M.G., Silva S. da, Bandeira-de-Mello R. (2012), Corporate Financial Performance and Corporate Social Performance: Methodological Development and the Theoretical Contribution of Empirical Studies, "Revista Contabilidade & Finanças", no. 23(60), pp. 232-245.
• Bowen H. R. (1953), Social Responsibilities of the Businessman, Harper, New York.
• Brammer S., Millington A. (2008), Does it pay to be different? An analysis of the relationship between corporate social and financial performance, "Strategic Management Journal", vol. 29, no. 12, pp. 1325-1343.
• Brilman J. (2002), Nowoczesne koncepcje i metody zarządzania, Polskie Wydawnictwo Ekonomiczne, Warszawa.
• Campbell J. L. (2007), Why would corporations behave in socially responsible ways? An institutional theory of corporate social responsibility, "Academy of Management Review", no. 32(3), pp. 946-967
• Chuang C. H., Jackson S. E., Jiang Y. (2016), Can knowledge-intensive teamwork be managed? Examining the roles of HRM systems, leadership, and tacit knowledge, "Journal of Management", no. 42(2), pp. 524-554.
• Commission Recommendation 2003/361/EC of 6 May 2003 concerning the definition of micro, small and medium-sized enterprises (2003), OJ L 124 of 20.05.2003.
• Corporate Social Responsibility. A Business Contribution to Sustainable Development (2002), Commission of the European Communities, Brussels, 2.07.2002 COM(2002) 347.
• Criticisms or Drawbacks of Profit Maximization Objectives (2012), http://accountlearning.blogspot.com/2012/12/criticisms-or-drawbacks-of-profit.html [accessed: 26.03.2016].
• Crossan K. (2005), The Theory of the Firm and Alternative Theories of Firm Behaviour: A Critique, "International Journal of Applied Institutional Governance", vol. 1, issue 1, pp. 1-13.
• Dahlsrud A. (2006), How Corporate Social Responsibility is Defined: an Analysis of 37 Definitions, Corporate Social Responsibility and Environmental Management, "Wiley Inter Science", pp. 1-13, https://onlinelibrary.wiley.com/doi/abs/10.1002/csr.132 [accessed: 29.04.2017].
• DiSogra C., Callegaro M. (2009), Computing response rates for probability-based web panels, [in:] Proceedings of the Joint Statistical Meetings, Survey Research Methods section [CD-ROM].
• Godfrey P., Merrill C., Hansen J. (2009), The relationship between corporate social responsibility and shareholder value: an empirical test of the risk management hypothesis, "Strategic Management Journal", vol. 30, no. 4, pp. 425-445.
• Gruszecki T. (2002), Współczesne teorie przedsiębiorstwa, Wydawnictwo Naukowe PWN, Warszawa.
• Grzegorzewska-Ramocka E. (2009), Cele ekonomiczne i społeczne przedsiębiorstwa, "Gospodarka Narodowa", no. 7-8, pp. 59-78.
• Hong B., Li Z., Minor D. (2016), Corporate governance and executive compensation for corporate social responsibility, "Journal of Business Ethics", no. 136(1), pp. 199-213.
• Hoogendoorn A. W., Daalmans J. (2009), Nonresponse in the Recruitment of an Internet Panel Based on Probability Sampling, "Survey Research Methods", vol. 3, no. 2, pp. 59-72.
• How to Measure Performance: A Handbook of Techniques and Tools (1995), U.S. Department of Energy, Washington.
• Hussain W. (2012), Corporations, Profit Maximization and The Personal Sphere, "Economics and Philosophy", no. 28, pp. 311-331.
• Jermier J. M., Forbes L. C., Benn S., Orsato R. J. (2006), The New Corporate Environmentalism and Green Politics, [in:] S. Clegg, C. Hardy, T. Lawrence, W. R. Nord (eds.), The Sage Handbook of Organization Studies, Sage, London, pp. 618-650.
• Klein S. B. (2000), Family Businesses in Germany: Significance and Structure, "Family Business Review", no. 13(3), pp. 157-182.
• Komorowski K. (2011), Cele i wartości współczesnego przedsiębiorstwa. Ujęcie behawioralne, Oficyna Wydawnicza SGH, Warszawa.
• Kowal D. (2013), Koncepcja zarządzania wartością przedsiębiorstwa w perspektywie współczesnych wyzwań rozwojowych podmiotów gospodarczych, "Zeszyty Naukowe Wyższej Szkoły Zarządzania i Bankowości w Krakowie", no. 27, pp. 1-14.
• Kozłowska A. (2006), Alternatywne teorie zachowania przedsiębiorstw, [in:] D. Kopycińska (ed.), Zachowania decyzyjne podmiotów gospodarczych, Wydawnictwo Printgroup, Szczecin, pp. 25-41.
• Laitinen E. K., Gin C. (2006), How Do Small Companies Measure Their Performance?, "Problems and Perspectives in Management", no. 4(3), pp. 49-68.
• Lederer B. (2008), Platforms for data quality progress: The client's guide to rapid improvement of online research, RFL Communications, Skokie.
• Lewicka B., Misterek W. (2013), Features of an Innovative Company in the Opinion of the Business Entities and the Business Environment Institutions, [in:] Active Citizenship by Knowledge Management & Innovation: Proceedings of the Management, Knowledge and Learning International Conference 2013, To Know Press, Zadar, pp. 577-584, http://www.toknowpress.net/ISBN/978-961-6914-02-4/papers/ML13-294.pdf [accessed: 29.04.2017].
• Longo M., Mura M., Bonoli A. (2005), Corporate social responsibility and corporate performance: the case of Italian SMEs, "Corporate Governance: The International Journal of Business in Society", no. 5(4), pp. 28-42.
• Mattingly J. E., Berman S. (2006), Measurement of corporate social action: discovering taxonomy in the Kinder Lydenburg Domini ratings data, "Business and Society", vol. 45, no. 1, pp. 20-46.
• Mishra S., Damodar S. (2010), Does corporate social responsibility influence firm performance of Indian companies?, "Journal of Business Ethics", no. 95(4), pp. 571-601.
• Moneva J. M., Rivera-Lirio J. M., Muñoz-Torres M. J. (2007), The corporate stakeholder commitment and social and financial performance, "Industrial Management & Data Systems", no. 107(1), pp. 84-102.
• Noga A. (2009), Teorie przedsiębiorstw, Polskie Wydawnictwo Ekonomiczne, Warszawa.
• Orlitzky M., Schmidt F. L., Rhynes S. L. (2003), Corporate Social and Financial Performance: A Meta-Analysis, "Organization Studies", no. 24(3), pp. 403-441.
• Peloza J. (2009), The Challenge of Measuring Financial Impacts From Investments in Corporate Social Performance, "Journal of Management", vol. 35, no. 6, pp. 1518-1541.
• Radin T., Calkins M. (2006), The Struggle against Sweatshops: Moving toward Responsible Global Business, "Journal of Business Ethics", no. 66, pp. 261-272.
• Robertson C., Watson A. (2004), Corruption and change: The impact of foreign direct investment, "Strategic Management Journal", no. 25, pp. 385-396.
• Salzmann O., Ionescu-Somers A., Steger U. (2005), The business case for corporate sustainability: literature review and research options, "European Management Journal", vol. 23, no. 1, pp. 27-36.
• Smith N. C., Lenssen G. (2009), Mainstreaming Corporate Responsibility: An Introduction, [in:] N. C. Smith, G. Lenssen (eds.), Mainstreaming Corporate Responsibility, Wiley, West Sussex, pp. 2-8.
• Staudt S., Shao C. Y., Dubinsky A. J., Wilson P. H. (2014), Corporate Social Responsibility, Perceived Customer Value, and Customer- Based Brand Equity?: A Cross-National Comparison, "Journal of Strategic Innovation and Sustainability", no. 10(1), pp. 65-87.
• Wallace J. C., Butts M. M., Johnson P. D., Stevens F. G., Smith M. B. (2016), A multilevel model of employee innovation: Understanding the effects of regulatory focus, thriving, and employee involvement climate, "Journal of Management", no. 42(4), pp. 982-1004.
• Weber M. (2008), The Business Case for Corporate Social Responsibility: A Company-Level Measurement Approach for CSR, "European Management Journal", no. 26(4), pp. 247-261.
• Zajkowski R. (2015), Corporate Social Responsibility in medium and big sizes Polish family and non-family businesses, [in:] G. Hofbauer et al. (eds.), Challenges, Research and Perspectives, Europäische Forschung- und Arbeitsgruppeuni-edition, Berlin, pp. 115-129.

Identyfikatory

DOI

10.18778/0208-6018.343.13