There is also a possibility of pre-screening the interviewees if one firm does not let me talk to the manager for sustainable development, I can choose another one , and making sure that the participants have the information I am looking for. Another aspect is that I will perform personal interviews but not on personal subjects, it will then be probably easier for interviewees to answer as respondents will not be involved personally. So far, there had only been individual studies that lead to no conclusive result, no stable pattern has been found yet. Stakeholders have an influence also and can sometimes even expect that big corporations play a more comprehensive role. Indeed, society as a whole, and local communities in which companies are settled feel more and more concerned about the impact companies have on their physical and human environment. Even though regulations are stricter and stricter, they are also sources of opportunities boosting innovation for instance. H6: Even though sustainable development can be considered as in contradiction with the market law, it provides development opportunities for companies.
Another element to take into consideration is that the authors wrote this article more than 25 years ago, and other issues have emerged since then like global warming emphasized by recent disasters. According to Handelman and Arnold58, for the institutional theory, the viewpoint that organizations attempt to meet short-term goals is incomplete. The main issues concern negative externalities as, if no action is taken, they can have an irreversible impact on the environment mainly, thus on the ecosystem which can affect livelihoods and living conditions, especially in developing countries where the population is much more reliant on crops and dependent on natural phenomena. It will also be easier for me to catch their perspective on the situation. Later, companies were trying to produce at a cheaper cost and went to developing countries with less regulation both social and environmental.
Donaldson 1989 also included ethics as an imperative in management. Mar 03, 2017 Pushkala Muralidharan, PhD thesis in Corporate Social Responsibility Updated Mar 3, 2017. An overview of both groups can be seen in the following scheme with primary stakeholders in yellow and secondary stakeholders in blue, while influencers are in light yellow : Figure 2. The positive correlation shown is also put forward, as we can only read or hear of a positive correlation. It consists of the study of the data gathered from the interviews I performed.
Finally, conclusions and managerial implications of the confrontation of the first part theoretical framework with the qualitative and quantitative analysis will form the fifth part. Nevertheless, there are complementarities between internal and external monitoring; furthermore, internal monitoring can help to spread social standards within the culture of the company if management feels concerned about it. You can see the list of sustainable indexes in Appendix B. Wage differences between developing and developed countries and lower environmental standards in developing countries have actually led many companies to offshore their activities. The article he wrote attempts to show how interested actors construct and spread beliefs concerning a positive relation between societal and financial performances on financial markets on the one hand and in the business world on the other hand. I will use the websites of institutions providing sustainable indexes and databases from Bourse websites such as Yahoo Finance72. Thus, the research problem is the following: What characterizes Corporate Social Responsibility strategies and do they have an impact on financial performance? The interviewees are presented in the order I met them.
I would also thank Hedley Malloch for being part of my jury. Gond63 studied the interactions between societal and financial performances, showing that they depend also on the interests main actors can have on the market. The following hypothesis will permit to attempt the generalization of H2: H3: Companies with high socially responsible standards perform better than those with poor socially responsible standards. Society is feeling more and more concerned about the environment and social issues caused, among other things, by relocation and environmental dumping. For that, let us follow the different descriptors of research design given by Cooper and Schindler 2003. For this purpose, I will study the automotive sector and its impacts on the environment more specifically. Corporate Social Responsibility What does corporate social responsibility mean? This concept is not really well defined, thus companies do not really know how to deal with it.
For the moment, only listed companies have to publish a sustainability report in France, still not all of them are complying with this law7. They used a database of eco-efficiency scores on a 8-year period from Innovest to check if it influences financial performance and firm valuation. I will choose a few companies and see if they accept to meet me. For a company, it would mean on the one hand the respect of all its stakeholders and on the other hand of its natural environment, even though it is a public good. Consequently in a same environment, organizations will tend to be isomorphic as they are facing the same conditions. Ultimately, from this literature, I can draw five more hypotheses: H2: Good environmental performance generates good financial performance. Here is a short presentation of each interviewee and its company.
Corporate Social Responsibility in the Coffee Industry Master Thesis submitted in fulfillment of the Degree Master of Science in International Tourism Management Submitted to Dr. I met Damien Buffet from Sarasin Expertise, who is a manager in Sustainable Responsible Investment funds, and Florent Gitiaux from Ethicity, who is a consultant in Sustainable Development. Interviewing is usually described as a conversation between two people, one asking questions interviewer and leading the conversation, and the other one answering them interviewee. Finally, I will verify if pushy environmental objectives and international competition can be consistent and sustainable in the long run. They have been going from capital intensive economies to labour intensive ones even though this phenomenon is now starting to reverse in some places.
Thus, companies now have to take into consideration all the stakeholders they are dealing with not only the shareholders. H3: Companies with high socially responsible standards perform better than those with poor socially responsible standards. Thus, I have to really show them that answering my questionnaire is worthy. Gray, Business and Society: Cases and Text, 2nd ed. Arguing a lack of time and interview fatigue as well, many companies refused the interview. Thus the authors decided to aggregate the results of individual studies, in order to get a greater precision thanks to the correction of statistical errors. I decided to focus on environment as there are more quantitative data on environmental issues, as still some things can be measured, contrarily to social issues that are sometimes just perceptions, or ways of doing things with nothing written, thus quite hard to prove.
Philanthropy has thus become 51 Ruggie, J. It is now a leading bank in Europe in terms of retail banking, market capitalization, financing and investment as well as asset management. The following table introduces the readers to the way hypotheses are tested. This can create very bad advertisement for cited companies like CocaCola which was mentioned in two categories…. It will give me the opportunity to compare the practices of companies and their vision.
Indeed the firm is evolving in a controversial environment as the countries where oil is extracted are mainly dictatorships. When conflicts are going on, companies should choose their side, or leave the country however this is usually quite expensive, especially if they plan to start operations over at the same place , this would be morally the best solution. The sectors which have a relatively high impact on environment are still leaders in reporting. Another issue is that interviewing is costly: in time to get the appointments, talk to the people, follow-up and in money transportation costs that is another reason why I will only be able to interview few people. They made a list of candidates in three different categories: fiscal, social and environmental.