Open Access
Subscription Access
Open Access
Subscription Access
CSR Governance Addressing Social Issues: A Critical Review
Subscribe/Renew Journal
Governments which are facing major social challenges have looked towards engaging businesses in addressing those challenges by encouraging Corporate Social Responsibility (CSR) as a part of legislation over the years. The social issues faced by the developed, developing and Least-Developed Countries (LDC’s) are different and thus what corporate undertakes as CSR also differs significantly. The paper identifies and elaborates the existence of the various social issues in developed, developing and LDCs. Secondary data has been used to explain governance of CSR across the countries studied, as well as the paper identifies the various social issues and highlights the CSR initiatives that can be undertaken to address the social issues. An attempt has also been made to share a case on impact of governing CSR in India. The paper discusses the role of structured CSR initiatives in addressing social issues with a special emphasis on health and education area. The paper provides background for future studies to statistically verify the constructs.
Keywords
CSR Governance, Developing Countries, Least Developed Countries, Social issues, Health, Education.
User
Subscription
Login to verify subscription
Font Size
Information
- ACSSR (2009). The State of CSR in Australia: 2008 Annual Review (Melbourne, Australia: Australia Centre for CSR.
- Alam, N. (2010). Bangladesh, In Visser, W. and Tolhurst, N. (Eds.) The World guide to CSR, (pp. 95-100) Greenleaf publishing. UK.
- Aupperle K. E., Carroll A. B. & Hatfield J. D. (1985). An empirical examination of the relationship between Corporate Social Responsibility and profitability, The Academy of Management Journal, 28(2), 446-463.
- Berens, G., Cees B. M. van Riel., & Gerrit H. van B. (2005). Corporate associations and consumer product responses: The moderating role of corporate brand dominance. Journal of Marketing, 69(1), 35-18.
- Berman, S. L., Wicks, A. C., Kotha, S., & Jones, T. M. (1999). Does stakeholder orientation matter? The relationship between stakeholder management models and firm financial performance. The Academy of Management Journal, 42(5), 488-506.
- Bhattacharya, C. B., Korschun, D., & Sen, S. (2009). Strengthening stakeholdercompany relationships through mutually beneficial corporate social responsibility initiatives. Journal of Business Ethics, 85(2), 257-272.
- Bhave, A. (2009) Experiences of the Role of Government in promoting Corporate Social Responsibility initiatives in the private sector, Thesis for the fulfillment of the Master of Science in Environmental Sciences, Policy & Management.
- Bichita, C. (2003). Corporate social responsibility: A role in Government policy and regulation?. The University of Bath CRI Research Report, 16, Bath/UK.
- Boesso, G., Kumar, K., & Michelon, G. (2013). Descriptive, instrumental and strategic approaches to corporate social responsibility. Accounting, Auditing & Accountability Journal, 26(3), 399-422.
- Boston College Center for Corporate Citizenship (BCCCC). (2009). Weathering the storm: The state of corporate citizenship in the United States 2009. Boston, MA: Boston College Center for Corporate Citizenship. Retrieved from http:// www.hitachifoundation.org/storage/documents/socc_report_2009.pdf
- Broberg, M. P. (1996). Corporate Social Responsibility in the European Communities: The Scandinavian View. Journal of Business Ethics, 15(6), 615-22.
- Brookings Institution (2013). Investment in global education: A strategic imperative for business. Retrieved from http://www.brookings.edu
- Brown, T. J. (1998). Corporate associations in marketing: antecedents and consequences. Corporate Reputation Review, 1(3), 215-33.
- Brown, T. J. & Dacin, P. A. (1997). The company and the product: Corporate associations and consumer product responses. Journal of Marketing, 61(1), 68-84.
- BSR (2009). Globe scan state of sustainable business poll October 2009. Retrieved from http://www.iblf.org
- Business Backs Education Report, January (2015). Creating a baseline for Corporate CSR Spend on Global Education Initiatives. Retrieved from http://www.unesco.org/ education
- Carroll, A., & Buchholtz, A. (2008). Business and society, ethics and stakeholder management 7e, Cengage Learning Academic Resource Center. Ohio.
- CEADS, Retrieved from http://www.ceads.org.ar
- Companies Act, 2013. (India)—Sec 134, Sec 135. Retrieved from http:// www.mca.gov.in/Ministry.
- Companies Act, 2006. (UK)—Sec 172. Retrieved from http:// www.legislation.gov.uk/ukpga
- Company Law of the People’s Republic of China. (2013). Article 5. Retrieved from http://www.fdi.gov.cn/
- Corporate Social Responsibility & Human Rights. (2008). Retrieved from: http://www.humanrights.gov.au
- Corruption of Foreign Public Officials Act. (1999). Retrieved from: http://www.lawslois.justice.gc.ca
- CSR Law No. 8.488 *Provincial law. (2012). KPMG Report (2013). Carrots and Sticks. Retrieved from: http://www.assets.kpmg.com
- David, P., Kline, S., & Dai, Y. (2005). Corporate social responsibility practices, corporate identity, and purchase intention: a dual-process model. Journal of Public Relations Research, 17(3), 291-313.
- DPE CSR and Sustainability Guidelines, 2013 Retrieved from: http:// www.dpe.gov.in
- Dossing, H. (2003). The Business Case for CSR. International Chamber of Commerce (ICC) UK, Guide to Global Corporate Social Responsibility, 34.
- Enloe, C. H. (1975). The Politics of Pollution in a Comparative Perspective, London: Longman.
- Emergency Planning and Community Right-to-Know Act (EPCRA), (1986). Retrieved from: http://www.epa.gov/epcra
- ESG reporting guide for Australian companies. Retrieved from: http:// www.asx.com.au
- Environment & Climate Change Law. (2014). Strengthening Climate Knowledge and Sector Strategies in Argentina. Retrieved from: http://www.worldbank.org
- Friedman, M. (1970). The social responsibility of business is to increase its profits. New York Times Magazine, 13(32-33), 22-126.
- Garriga, E., & Mele, D. (2004). Corporate Social Responsibility Theories: Mapping the Territory. Journal of Business Ethics, 53(1), 51-71.
- Hillman, A., & Keim, G. (2001). Shareholder Value, Stakeholder Management, and Social Issues: What’s the Bottom Line?. Strategic Management Journal, 22(2), 125-139.
- Hohnen, P. (2008). Annual Report on the OECD Guidelines for Multinational Enterprises, Overview of Selected Initiatives and Instruments Relevant to Corporate Social Responsibility (pp. 235-260). Paris, France: Organization for Economic Cooperation and Development (OECD).
- Holtschneider, U. (2015). Adoption of Corporate Social Responsibility by Japanese Companies, Monographien Band 59, Iudiucium Verlag GmbH.
- India CSR Outlook Report. (2016). NGOBOX, Retrieved from www.ngobox.org 38. Inclusion of economic diplomacy to Bill C-300, Retrieved from: http:// www.openparliament.ca/bills/40-3/C-300/
- Johnson, R. A., & Greening, D. W. (1999). The effects of corporate governance and institutional ownership types on corporate social performance. Academy of Management Journal, 42(5), 564-576.
- Jones, T. M., Felps, W., & Bigley, G. A. (2007). Ethical theory and stakeholderrelated decisions: The role of stakeholder culture. The Academy of Management Review, 32(1), 137-55.
- Kahneman, D., Knetsch J. L., & Thaler R. H. (1986). Fairness and Assumptions of Economies. Journal of Business, 59(4), 285-300.
- Kolk, A. (2003). Trends in Sustainability Reporting by the Fortune Global 250. Business Strategy and the Environment, 2(5), 279-91.
- Koirala, D. P. (2013). Ambassador Report - Major Problems of Least Developed Countries (LDCs) of the World, Retrieved from http://www.tunza.ecogeneration.org
- Kooiman, J. (1993). Modern Governance: new Government society interactions, London: Sage
- KPMG (2005), KPMG International Survey of Corporate Responsibility Reporting 2005. Amsterdam, the Netherlands: KPMG Global Sustainability Services.
- KPMG (2015), KPMG Survey of Corporate Responsibility Reporting 2015. Amsterdam, the Netherlands: KPMG Global Sustainability Services.
- Lepoutre, J., Dentchev, N., & Heene, A. (2006). Dealing with uncertainties when governing CSR policies. Journal of Business Ethics, 73(4), 391-408.
- Levitt. (1958). The dangers of social responsibility. Harvard Business Review (Sep/ Oct): 41-50.
- Li, W., & Zhang, R. (2010). Corporate social responsibility, ownership structure, and political interference: evidence from China. Journal of Business Ethics, 96(4), 631-645.
- Lichtenstein, D. R., Minette E. D., & Bridgette M. B. (2004). The effect of corporate social responsibility on customer donations to corporate-supported nonprofits. Journal of Marketing, 68(4), 16-32.
- Lo, S., & Sheu, H. (2007). Is corporate sustainability a value-increasing strategy for business? Corporate Governance-An International Review, 15(1), 345-358.
- Manaktola, K. & Jauhari, V. (2007). Exploring consumer attitude and behavior towards green practices in the lodging industry in India. International Journal of Contemporary Hospitality Management, 19(5), 364-377.
- Maignan’s. (2001). Consumer perceptions of corporate social responsibility: across cultural comparison. Journal of Business Ethics, 30(1), 57-73.
- Maignan, I., & Ralston D. (2002). Corporate social responsibility in Europe and the U.S.: insights from businesses’ self-presentations. Journal of International Business Studies, 33(1), 497-514.
- Maguire, M. (2011). The future of corporate social responsibility reporting, The Frederick S. Pardee Center for the Study of the Longer-Range Future. Retrieved from http://www.bu.edu/pardee/
- Matten, D., & Moon, J. (2004). Implicit and explicit CSR: A conceptual framework for understanding CSR in Europe. in A. Habisch, J. Jonker, M. Wegner and R. Schmidpeter (eds.) (2004), CSR across Europe (pp. 335-56). Berlin, Germany: Springer-Verlag.
- McLendon, J. (1953). Social Studies Reflect Social Issues. The High School Journal, General Education in the Secondary School. 37(2), 60-67.
- McWilliams, A., Siegel, D.. & Wright, P. (2006). Corporate social responsibility: strategic implications. Journal of Management Studies, 43(1), 18.
- National Action Plan on Responsible Business Conduct. Retrieved from: http:// www.obamawhitehouse.archives.gov
- National Labor Law No. 25.877, Regarding Social Balance, 2004. Legist, Vol IX, issue 3, June (2013) Retrieved from: http://www.legasis.in
- New industrial emission standards set up by the National Environmental Commission (NEC). (2013). Retrieved from: http://www.nec.gov.bt/
- Okoye. (2012). Novel linkages for development: corporate social responsibility, law and governance: exploring the Nigerian Petroleum Industry Bill, Corporate Governance. The International Journal of Business in Society, 12(4), 460-471.
- Patterson, P. J. (1984). Problems of Social and Economic Development Facing Third World Countries, Vol 5. Retrieved from: http://www.journals.sfu.ca/cob/index.php/files/article/viewFile/77/49
- Petkoski, D., & Twose, N. (eds.) (2003). Public policy for corporate social responsibility, WBI series on corporate responsibility, July 7-25, 2003. Washington D.C.: World Bank Institute.
- PWC (2010). Hur redovisar svenska bolag hållbarhet 2009? Retrieved from http://www.pwc.com/se/sv/hallbar-utveckling
- Regional Greenhouse Gas Initiative. (2008). Retrieved from: www.c2es.org
- Revised ESG reporting guide. (2015). Highlights of the Revised HKEx Environmental, Social and Governance (ESG) Reporting Guide. Retrieved from: http://www.assets.kpmg.com
- Reich, R. B. (1998). The new meaning of corporate social responsibility. California Management Review, 40(2), 8-17.
- Ritzer, G. (2004). Handbook of social problems: a comparative international perspective, Sage Publications: New Delhi.
- Russo, M. & Fouts, P. (1997). A resource-based perspective on corporate environmental performance and profitability. Academy of Management Journal, 40(3), 534-559.
- Salmones, G., Herrero, M. M., & Rodrý´guez Del Bosque, I. (1995). Influence of corporate social responsibility on loyalty and valuation of services. Journal of Business Ethics, 61(1), 369-385.
- Sen, S., & Bhattacharya C. B. (2001). Does doing good always lead to doing better? Consumer reactions to corporate social responsibility. Journal of Marketing Research, 38(2), 225-244.
- Simmons, J. (2004). Managing in the post-managerialism era: Towards socially responsible corporate governance. Management Decision, 32(3/4), 601–611.
- Singh, R., & Agarwal, S. (2013). Does CSR orientation reflect stakeholder’s relationship marketing orientation? An empirical examination of Indian banks. Marketing Intelligence and Planning, 31(4), 405-420.
- Sharma, B. (2013). Contextualizing CSR in Asia, Singapore: Lien Centre for Social Innovation Social Insight Research Series.
- Shenzhen Stock Exchange Social Responsibility Guidelines for Listed Companies, (2006) Retrieved from: http://www.szse.cn
- Solomon, A., Solomon, J., & Suto, M. (2004). Can the UK Experience Provide Lessons for the Evolution of SRI in Japan? Corporate Governance: An International Review, 12(4), 552-566.
- Tang, Z., Eirikur, H., & Rotenberg, S. (2012). How corporate social responsibility engagement strategy moderates the CSR – financial performance relationship, Journal of Management Studies, 49(7), 1274-1303.
- The Australian Securities Exchange. (2014). Retrieved from: http:// www.asx.com.au
- The Environmental Protection Act. (1999). Retrieved from: http://www.lawslois.justice.gc.ca
- The Environmental Conservation Law. (2012). The Pyidaungsu Hluttaw Law No. 9/2012. Retrieved from: http://www.altsean.org/Docs/Laws/Environmental%20Conservation%20Law.pdf
- The State-owned Assets Supervision and Administration Commission of the State Council (SASAC) Guidelines. (2008). Retrieved from: http://www.en.sasac.gov.cn/
- The UN Anticorruption Convention. (2005). Retrieved from: http://www.unodc.org
- United Nations. (2013, October 17). TST issues brief: Needs of countries in special situations – African Countries, Least Developed Countries, Landlocked Developing Countries and Small Island Developing States, as well as the specific challenges facing Middle-Income Countries. Retrieved from https://sustainabledevelopment.un.org/index.php?page=view&type=111&nr=2080&menu=1565
- UNDP. (2006). Beyond scarcity: Power, poverty and the global water crisis. Brussels, Belgium: United Nations Development Program (UNDP).
- UNDP. (2006). Beyond scarcity: Power, poverty and the global water crisis. Brussels, Belgium: United Nations Development Program (UNDP).
- Visser, W. (2008). Corporate social responsibility in developing countries. In A. Crane, A. McWilliams, D. Matten, J. Moon & D. S. Siegel (eds.), The Oxford Handbook of Corporate Social Responsibility (pp. 473-499), Oxford, UK: Oxford University Press.
- Visser, W., & Tolhurst, N. (eds.) (2010). The world guide to CSR: A country-bycountry analysis of corporate sustainability and responsibility. UK: Greenleaf Publishing.
- Ward, H., Fox, T., Wilson, E., & Zarsky, L. (2008, March). CSR and Developing Countries What scope for government action? International Institute for Environment and Development (IIED). Retrieved on December 17, 2016 from: http:// www.pubs.iied.org/pdfs/G02247.pdf
- Welford, R. (2004). Corporate social responsibility in Europe, North America and Asia. Journal of Corporate Citizenship, 17(3), 33-52.
- Werner, W. J. (2009). Corporate Social Responsibility Initiatives Addressing Social Exclusion in Bangladesh. Journal of Health, Population, and Nutrition, 27(4), 545-562.
- Williams, C., & Conley, J. (2005). An emerging third way? The erosion of the Anglo-American shareholder value construct. Cornell International Law Journal, 38(2), 493-551.
- World Bank Development Indicators. Retrieved from http://data.worldbank.org 94. World Health Science. (2010). Westernized societies have their own health issues. Retrieved from http://www.worldhealthsciences.com.
- WRI. (2005). The Wealth of the Poor: Managing Ecosystems to Fight Poverty. Washington: D.C., World Resources Institute, UNDP, UNEP, World Bank.
- Young, S., & Thyil, V. (2008). A holistic model of corporate governance. Corporate Governance, 8(1), 94-108.
Abstract Views: 239
PDF Views: 0