|
||
1 |
Введение | |
2 |
Корпоративная социальная ответственность | |
3 |
Положительное влияние КСОСоотношение КСО о и финансовых показателей | |
4 |
Отрицательное влияние КСОПодходы к измерению КСОИндексы репутацииОтсутствие зависимости | |
5 |
Таблица 1. Измерения КСО, включенные в основные показатели индексов репутацииАнкеты на основе опросов | |
6 |
Выбор подхода для исследованияОдномерные исследования | |
7 |
Таблица 2. Преимущества и недостатки подходов к измерению КСОСоциальный индекс MSCI KLD 400 | |
8 |
Рис. 1. Соотношение секторов экономики в MSCI KLD 400 на февраль 2019 г.Измерение финансовых показателей компании | |
9 |
Методология: анализ панельных данных | |
10 |
Рис. 3. Модель с детерминированными эффектами в программе Stata/MP | |
11 |
Рис. 4. Модель со случайными эффектами в программе Stata/MP | |
12 |
ЗаключениеРезультаты | |
13 |
Литература |
1. 2017 Cone Communications CSR Study. — Подробнее .
2. Abbott W.F., Monsen R.J. (1979). «On the measurement of corporate social responsibility: Self-reported disclosures as a method of measuring corporate social involvement». Academy of Management Journal, Vol. 22(3), pp. 501–515.
3. Adam A.M., Shavit T. (2008). «How can a ratings-based method for assessing corporate social responsibility (CSR) provide an incentive to firms excluded from socially responsible investment indices to invest in CSR?». Journal of Business Ethics, Vol. 82(4), pp. 899–905.
4. Alexander G.J., Buchholz R.A. (1978). «Corporate social responsibility and stock market performance». Academy of Management Journal, Vol. 21(3), pp. 479–486.
5. Artiach T. et al. (2010). «The determinants of corporate sustainability performance». Accounting & Finance, Vol. 50(1), pp. 31–51.
6. Aupperle K.E., Carroll A.B., Hatfield J.D. (1985). «An empirical examination of the relationship between corporate social responsibility and profitability». Academy of Management Journal, Vol. 28(2), pp. 446–463.
7. Aver B., Aaver B., Cadez S. (2009). «Management accountants’ participation in strategic management processes: a cross-industry comparison». Journal for East European Management Studies, Vol. 3(41), pp. 310–322.
8. Becchetti L., Trovato G. (2011). «Corporate social responsibility and firm efficiency: a latent class stochastic frontier analysis». Journal of Productivity Analysis, Vol. 36(3), pp. 231–246.
9. Cadez S., Czerny A. (2016). «Climate change mitigation strategies in carbon-intensive firms». Journal of Cleaner Production, Vol. 112, pp. 4132–4143.
10. Carroll A.B. (1979). «A three-dimensional conceptual model of corporate performance». Academy of Management Review, Vol. 4(4), pp. 497–505.
11. Caulkin S. (2002). «Good thinking, bad practice», The Observer, Vol. 7, April11.
12. Clarkson M.E. (1995). «A stakeholder framework for analyzing and evaluating corporate social performance». Academy of Management Review, Vol. 20(1), pp. 92–117.
13. Cordeiro J.J., Sarkis J. (1997). «Environmental proactivism and firm performance: evidence from security analyst earnings forecasts». Business Strategy and the Environment, Vol. 6(2), pp. 104–114.
14. Crane A. et al. (2008). «The corporate social responsibility agenda». The Oxford Handbook of Corporate Cocial Responsibility, Oxford University Press, Oxford.
15. Dahlsrud, A. (2008). «How corporate social responsibility is defined: an analysis of 37 definitions». Corporate Social Responsibility and Environmental Management, Vol. 15(1), pp. 1–13.
16. Dow Jones Sustainability Indices Methodology. — Подробнее .
17. Dow Jones Sustainability World Index. — Подробнее .
18. Du S. et al. (2017). «The business case for sustainability reporting: Evidence from stock market reactions». Journal of Public Policy & Marketing, Vol. 36(2), pp. 313–330.
19. Epstein M.J., Buhovac A.R., Yuthas K. (2015). «Managing social, environmental and financial performance simultaneously». Long Range Planning, Vol. 48(1), pp. 35–45.
20. Erhemjamts O., Li Q., Venkateswaran A. (2013). «Corporate social responsibility and its impact on firms’ investment policy, organizational structure, and performance». Journal of Business Ethics, Vol. 118(2), pp. 395–412.
21. ESG Ratings. — Подробнее .
22. Freedman M., Jaggi B. (1986). «An analysis of the impact of corporate pollution disclosures included in annual financial statements on investors’ decisions». Advances in Public Interest Accounting, Vol. 1(2), pp. 193–212.
23. Friedman M. (1970). «A Friedman doctrine: the social responsibility of business is to increase its profits». The New York Times Magazine, Vol. 13, pp. 32–33.
24. Gallardo-Vázquez D., Sanchez-Hernandez M.I. (2014). «Measuring Corporate Social Responsibility for competitive success at a regional level». Journal of Cleaner Production, Vol. 72, pp. 14–22.
25. Gamerschlag R., Möller K., Verbeeten F. (2011). «Determinants of voluntary CSR disclosure: empirical evidence from Germany». Review of Managerial Science, Vol. 5(2–3), pp. 233–262.
26. Gentry R. J., Shen W. (2010). «The relationship between accounting and market measures of firm financial performance: How strong is it?». Journal of Managerial Issues, Vol. 22(4), pp. 514–530.
27. Girerd-Potin I., Jimenez-Garcès S., Louvet P. (2014). «Which dimensions of social responsibility concern financial investors». Journal of Business Ethics, Vol. 121(4), pp. 559–576.
28. Graafland J.J., Eijffinger S.C.W., SmidJohan H. (2004). «Benchmarking of corporate social responsibility: Methodological problems and robustness». Journal of Business Ethics, Vol. 53(1–2), pp. 137–152.
29. Griffin J.J., Mahon J.F. (1997). «The corporate social performance and corporate financial performance debate: Twenty-five years of incomparable research». Business & Society, Vol. 36(1), pp. 5–31.
30. Hammond S.A., Slocum J.W. (1996). «The impact of prior firm financial performance on subsequent corporate reputation». Journal of Business Ethics, Vol. 15(2), pp. 159–165.
31. Hemingway C.A., Maclagan P.W. (2004). «Managers’ personal values as drivers of corporate social responsibility». Journal of Business Ethics, Vol. 50(1), pp. 33–44.
32. Henri J.F., Journeault M. (2010). «Eco-control: The influence of management control systems on environmental and economic performance». Accounting, Organizations and Society, Vol. 35(1), pp. 63–80.
33. Houston M.B., Johnson S.A. (2000). «Buyer–supplier contracts versus joint ventures: Determinants and consequences of transaction structure». Journal of Marketing Research, Vol. 37(1), pp. 1–15.
34. Ioannou I., Serafeim G. (2017). «The consequences of mandatory corporate sustainability reporting». Harvard Business School Research Working Paper, No. 11–100.
35. Kim M.C., Kim Y.H. (2014). «Corporate social responsibility and shareholder value of restaurant firms». International Journal of Hospitality Management, Vol. 40, pp. 120–129.
36. Lau C. et al. (2007). «Can ethical decision making be taught? The JUSTICE approach». Social Responsibility Journal, Vol. 3(2), pp. 3–10.
37. Lee K.H., Shin D. (2010). «Consumers’ responses to CSR activities: The linkage between increased awareness and purchase intention». Public Relations Review, Vol. 36(2), pp. 193–195.
38. Liu Y., Liu Y. (2016). «Research on the conflict between policymakers and firms in actioning low-carbon production». Carbon Management, Vol. 7(5–6), pp. 285–293.
39. McWilliams A., Siegel D. (2000). «Corporate social responsibility and financial performance: correlation or misspecification?» Strategic Management Journal, Vol. 21(5), pp. 603–609.
40. Melé D. (2008). «Corporate social responsibility theories». The Oxford Handbook of Corporate Social Responsibility. Oxford: Oxford University Press.
41. Mokhtar N., Jusoh R., Zulkifli N. (2016). «Corporate characteristics and environmental management accounting (EMA) implementation: evidence from Malaysian public listed companies (PLCs)». Journal of Cleaner Production, Vol. 136, pp. 111–122.
42. Moser D.V., Martin P.R. (2012). «A broader perspective on corporate social responsibility research in accounting». The Accounting Review, Vol. 87(3), pp. 797–806.
43. MSCI ESG Business Involvement Screening Research. — Подробнее .
44. MSCI ESG Controversies. — Подробнее .
45. MSCI ESG Indexes. — Подробнее .
46. MSCI KLD 400 Social Index Methodology. — Подробнее .
47. Naranjo-Gil D. (2016). «The role of management control systems and top teams in implementing environmental sustainability policies». Sustainability, Vol. 8(4), p.359.
48. Naranjo-Gil D., Sánchez-Expósito M., Gómez-Ruiz L. (2016). «Traditional vs. Contemporary management control practices for developing public health policies». International Journal of Environmental Research and Public Health, Vol. 13(7), p.713.
49. Peng C.W., Yang M.L. (2014). «The effect of corporate social performance on financial performance: The moderating effect of ownership concentration». Journal of Business Ethics, Vol. 123(1), pp. 171–182.
50. Primc K., Čater T. (2015). «Environmental proactivity and firm performance: a fuzzy-set analysis». Management Decision, Vol. 53(3), pp. 648–667.
51. Rettab B., Brik A.B., Mellahi K. (2009). «A study of management perceptions of the impact of corporate social responsibility on organisational performance in emerging economies: the case of Dubai». Journal of Business Ethics, Vol. 89(3), pp. 371–390.
52. Rodgers W., Choy H.L., Guiral A. (2008). Do Investors Value a Firm’s Commitment to Social Activities? The Moderating Role of Intangibles and the Impact of the Sarbanes-Oxley Act. — Подробнее .
53. Simpson W.G., Kohers T. (2002). «The link between corporate social and financial performance: Evidence from the banking industry». Journal of Business Ethics, Vol. 35(2), pp. 97–109.
54. Škare M., Golja T. (2014). «The impact of government CSR supporting policies on economic growth». Journal of Policy Modeling, Vol. 36(3), pp. 562–577.
55. Surroca J., Tribó J.A., Waddock S. (2010). «Corporate responsibility and financial performance: The role of intangible resources». Strategic Management Journal, Vol. 31(5), pp. 463–490.
56. Sustainability’s Strategic Worth. — Подробнее .
57. The Terminal. — Подробнее .
58. Ullmann A.A. (1985). «Data in search of a theory: A critical examination of the relationships among social performance, social disclosure, and economic performance of US firms». Academy of Management Review, Vol. 10(3), pp. 540–557.
59. Vigeo Eiris, The choice for responsible growth. — Подробнее .
60. Waddock S.A., Graves S.B. (1997). «The corporate social performance–financial performance link». Strategic Management Journal, Vol. 18(4), pp. 303–319.
61. Weber M. (2008). «The business case for corporate social responsibility: A company-level measurement approach for CSR». European Management Journal, Vol. 26(4), pp. 247–261.
62. Wright P., Ferris S.P. (1997). «Agency conflict and corporate strategy: The effect of divestment on corporate value». Strategic Management Journal, Vol. 18(1), pp. 77–83.
63. World’s Most Admired Companies. — Подробнее .