• The Journal of Asian Finance, Economics and Business
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• 제9권7호
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• pp.63-79
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• 2022

Past studies on the influence of corporate social responsibility (CSR) activities on firms have been inconsistent, highlighting the significance of examining how CSR affects the performance of Malaysian government-linked companies (GLCs). The study aims to investigate the impact of CSR dimensions (economic, legal, ethical, and philanthropic) on firm performance from 2016 to 2020 using a sample of 31 GLCs from the top 100 companies under the Main Board of Bursa Malaysia. A total of 35 GLCs were selected as the study sample size based on the top 100 businesses listed under the board of Bursa Malaysia as of 31 December 2020. The study employed correlation and multiple linear regression models to examine the relationship between CSR dimensions and firm performance. Financial performance is evaluated using accounting-based models of return on assets (ROA) and return on equity (ROE) and market-based models of earnings per share (EPS) and market value (MV). The CSRHub database was employed to collect information on the performance of company CSR dimensions. The findings suggested a significant positive relationship between ethical and philanthropic CSR and firm performance regarding ROE. Thus, GLCs prioritized ethical and philanthropic CSR over other dimensions.

• Asia Pacific Journal of Business Review
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• 제3권2호
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• pp.1-25
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• 2019

This study aims to examine the relationship between certain dimensions of Corporate Social Responsibility (CSR) with market performance, measured by Tobin's Q, on companies within various industries in Indonesia. This study disaggregates CSR into 7 dimensions: environment, energy, occupational safety and health, employee, product, community, and general. Samples consisted of 385 companies listed on the Indonesia Stock Exchange (IDX) during 2007-2014. OLS analysis shows that CSR contributes greatly to the formation of market performance of consumer goods, agriculture, and miscellaneous industries. The dimensions of CSR contribute differently to the formation of Q ratios in different industries. We also found that there are differences in the speed of effect of several dimensions of CSR on the formation of market performance; some CSR dimensions give immediate effect while others are lagged.

• Asia Marketing Journal
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• 제11권4호
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• pp.49-67
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• 2010

기존의 많은 연구들은 기업의 사회적 책임(CSR)이 기업 성과와 높은 관련성이 있음을 보여 왔다. 하지만 대부분의 연구들이 기업의 사회적 책임을 단일 차원으로 보거나 구체적인 활동 중심으로 보고 있다는 한계점을 가지고 있다. 본 연구는 이를 극복하기 위해 Schwartz and Carroll(2003)이 제시한 CSR의 세 가지 차원을 바탕으로, 각 차원별 메시지가 소비자들의 기업 이미지에 미치는 영향을 확인해 보고자 하였다. 연구 결과, 세 가지 기업의 사회적 책임 차원 중 법적 책임과 윤리적 책임에 대한 메시지는 파급효과가 일어나 다른 차원들에 대한 평가 결과에도 영향을 미치는 것으로 나타났다. 또한, 긍정적 메시지일 때보다 부정적 메시지일 경우, 부정성 효과로 인한 파급효과가 더 커져, 법적 책임과 윤리적 책임에 대한 부정적인 메시지는 경제적 책임에 대한 메시지보다 기업 이미지를 더 크게 훼손시키는 것으로 나타났다.

• 아태비즈니스연구
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• 제13권3호
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• pp.73-92
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• 2022

Purpose - The purpose of this paper is to explore the relationship between corporate social responsibility (CSR) and corporate present and future value. Design/methodology/approach - This paper intends to prove the relationship between CSR and corporate value once again by selecting A-share companies listed on the China Shenzhen Stock Exchange and Shanghai Stock Exchange from 2010 2017. This paper also examines the effect of five dimensions of CSR on corporate value in China. Findings - Empirical evidence shows that CSR is conducive to corporate value. The fulfillment of social responsibilities improves firm value in the future. Further, the regression results show that the social responsibility of the non-state-owned enterprise (Non-SOEs) group has a more significant effect on corporate financial performance than on the state-owned enterprise (SOEs) group. Research implications or Originality - This study has limitations. First, the grouping is only divided into two groups of SOEs and non-SOEs, and we did not consider foreign investments, that is, foreign-funded enterprises, for the comparative analysis. Second, only the linear relationship between CSR and corporate value was tested. In the future, we must determine whether there exists a nonlinear relationship between the two key concepts. Finally, there exists no research on CSR and corporate value by specific industries. Thus, the relationship between the five dimensions of CSR and corporate value should be investigated by specific industries.

• 한국의류학회지
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• 제35권4호
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• pp.455-465
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• 2011

This study explores the CSR activities of Korean fashion corporations. A contents analysis of corporate websites was carried out to investigate the structure and function of their websites and the activity dimensions related to the CSR of Korean fashion corporations. The subjects were the Korean top 100 fashion corporations according to total sales in 2009. The findings throughout the research are as follow. First, a total of 46 corporations created the contents about CSR activities on their websites. A total of 32 of them communicated their CSR activities on the main menu at the intro page of the website. Second, the CSR activities of Korean fashion corporate were classified the 3P dimensions, profit (economic responsibilities), planet (environmental responsibility), and people (social responsibility). We found a total of 228 CSR issues for Korean fashion corporations. The issues included in the people dimension were 71.0%, planet issues 16.7%, and profit issues 12.3%. The most significant issue was the economic support responsibility to social organizations included in the people dimension.

• 유통과학연구
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• 제15권7호
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• pp.73-83
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• 2017

Purpose - The purpose of this paper is to explore the CSR activities of small enterprises in hospitality and tourism industry in South Korea. Since previous research on CSR activities has considerably focused on large enterprises whereas small enterprises have relatively less attention, this study aims to explore the characteristics of small enterprises in hospitality and tourism industry and their CSR activities. Research design, data, and methodology - The population of interest for this study was social enterprises registered in Korea Social Enterprise Promotion Agency (2016), and it was used to verify the social enterprises which has a certification for social enterprises. From 1672 companies in total, the sampling frame was a database with 117 companies in hospitality and tourism industry. This study investigates social enterprises' CSR activities on the company's official websites (e.g., company reports, magazines, the news articles, and interviews). The websites of the selected enterprises in hospitality and tourism industry were analyzed for examining CSR activities by the quantitative content analysis. All of the CSR activities in small social enterprises were classified into six dimensions based on the stakeholder theory. Results - The findings of this study provide the characteristics of the 117 small social enterprises and their specific CSR initiatives. A total of eight main business lines were identified: 1) fair travel, 2) leisure/sports, 3) accommodation/camping, 4) medical tourism, 5) exhibitions/art events/cultural events, 6) leisure activities for vulnerable social groups, 7) Korean traditional culture, and 8) ecotourism/agricultural tourism. The CSR initiatives were classified into six dimensions: 1) environment, 2) employment, 3) multicultural families and vulnerable social groups, 4) local community, 5) economic prosperity, and 6) product. Conclusions - This study revealed the special CSR initiative examples of small enterprises in hospitality and tourism industry. Small social enterprises participate in CSR activities mainly related to their own business lines. Moreover, these enterprises are more closely embedded in their local community development, job creation and education for local residents and vulnerable social groups, and traditional heritage preservation. The findings of this study provide theoretical and practical implications and they can contribute to enrich CSR with literature for small enterprises in hospitality and tourism industry.

• 경영과정보연구
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• 제32권3호
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• pp.25-41
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• 2013

본 연구는 중국시장에서 경쟁하고 있는 다국적기업과 현지기업들의 사회적 책임(CSR) 활동차이에 대한 평가결과와 CSR 요소들의 상대적 중요성에 대한 중국인들의 인식도 설문조사 결과를 비교분석하여 시장 환경에 부합하는 효과적인 CSR 활동방안을 제시하는데 주된 목적을 두고 실행되었다. 이를 위해 먼저 중국사회과학원 경제학부 기업사회책임 연구센터에서 발행하는 국내외 300개 기업들의 CSR 활동수준에 대한 다년간의 평가내용들을 활용하여 다국적기업과 현지기업들의 사회적 책임 활동수준을 비교분석하였다. 또한 각 평가요소들의 중요성에 대한 현지인들의 인식도를 조사하여 한국기업을 포함한 다국적기업들의 사회적 책임 활동들이 효과적으로 이루어지고 있는지에 대해 평가하였다. 분석결과 다국적기업들의 CSR 활동은 책임관리, 시장책임, 사회책임, 환경책임으로 구분한 네개의 평가요소 부문 모두에서 중국기업들에 비해 낮게 평가되고 있으며, 특별히 중국인들이 상대적으로 더 중요시하는 시장책임과 사회책임 부문에서는 격차가 더욱 큰 것으로 나타났다. 이는 다국적기업들이 중국인들의 기대에 부합하는 효과적인 사회적 책임 활동을 전개하지 못하고 있음을 암시하는 결과로서, 중국시장에서의 CSR 활동효과를 높이기 위해선 정부, 직원, 지역사회, 소비자, 협력업체, 주주를 포함하는 다양한 이해관계자들의 욕구를 충족시키기 위한 시장책임과 사회책임 활동을 강화해야할 필요성을 제기하고 있다.

• 패션비즈니스
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• 제21권1호
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• pp.45-57
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• 2017

This study explored the current implementation status of corporate social responsibility (CSR) among textiles and apparel manufacturers and retailers in Korea, based on the Triple Bottom Line (TBL). We also investigated the provision of information related to CSR practices on the websites of companies. A quantitative content analysis was conducted to analyze the website disclosures of 61 listed companies categorized in the textiles, apparel, shoes, and luxury industry. Analysis was focused on the presence, accessibility, and the level of CSR website disclosure. Seven themes emerged by applying the constant comparison analysis. Using Scott's formula for pi, a high level of inter-coder reliability was achieved, ranging from 0.91 to 0.97. Regarding the three dimensions of CSR suggested in TBL, economic dimension was relatively more emphasized in the website disclosures of most companies, compared to social and environment dimensions. Website disclosures were further investigated, based on the product categories of each company. Limitations of this study and suggestions for future studies are discussed.

• 경영과정보연구
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• 제28권4호
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• pp.45-66
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• 2009

본 연구는 최근 세계적인 이슈가 되고 있는 기업의 CSR성과와 기업의 지배구조가 체계적인 관련성을 가지는가에 대한 실증적인 분석을 하였다. 양호한 기업지배구조를 가진 기업은 더 높은 CSR성과를 가진다는 가설을 설정하고 국내 CSR성과 자료를 이용하여 실증적인 검증을 시도하였다. 이러한 가설을 검증하기 위하여 기업지배구조의 변수로 국내기관투자자지분율, 외국인투자지분율, 사외이사비율, 감사위원회도입과 CSR성과의 측정치로 한국경제정의연구소(KEJI)의 지수를 이용하여 1998년부터 2005까지 상장기업 130개 기업을 검증하였다. 연구결과 양호한 기업지배구조를 가진 기업과 CSR성과는 통계적으로 유의한 관계를 가지고 있는 것으로 나타났다. 기업지배구조의 변수 중 외국인투자지분율, 사외이사비율, 감사위원회도입과 CSR성과는 통계적으로 유의한 정의 관계를 나타내고 있다. 이러한 연구결과는 양호한 기업지배구조를 가진 기업은 더 나은 CSR성과로 나타나고 궁극적으로 기업가치를 높일 수 있는 연결고리를 보여주고 있으며, 기업의 지배구조개선으로 CSR성과를 제고시키는 전략적 수단이 될 수 있다는 점을 시사하고 있다. 특히, 본 연구결과는 한국기업이 CSR활동에 있어서는 여전히 걸음마 수준에 있는 만큼 많은 경영자들에게 기업의 지배구조와 CSR에 대한 새로운 인식을 가질 수 있는 계기가 될 수 있음을 보여주고 있다.

• 한국의류산업학회지
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• 제15권1호
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• pp.73-83
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• 2013

This study explores the ideal corporate social responsibility(CSR) that fashion consumers expect from a fashion firm in the identification of dimensions and levels of consumer expectations as well as examines the impact of CSR expectations on customer-base brand equity. The data of 315 adults were collected through a nationwide online survey. In order to analyze the data, this study employed Confirmatory factor analysis (CFA), paired t-test, structural equation modeling(SEM), and descriptive analysis. This study first identified seven fashion CSR expectations (environmental, ethical, social, internal management, philanthropic, economic, and legal expectations). Internal management and environmental activities were highly expected from fashion firms; however, economic activity was low in expectations. Five models separately tested the relationship between CSR expectations and brand equity (trustworthiness, attachment, performance, social image, and value). Economic, environmental, internal management, social and ethical CSR expectations influenced customer-based brand equity; however, philanthropic and legal expectations did not influence any dimension of customer-based brand equity. This study provides a framework of ideal CSR from a consumer perspective and suggests that fashion marketers should focus on economic, environmental, internal management, social and ethical CSR activities to meet the expect Haitians of fashion consumers and build stronger brand equity.