What is the Corporate social responsibility in emerging markets?

Introduction

Corporate Social Responsibility (CSR) in emerging markets has gained significant attention as businesses recognize the importance of integrating social and environmental concerns into their operations. This synthesis explores the impact of CSR on firm performance, market valuation, and strategic business activities in emerging markets, drawing insights from multiple research studies.

Key Insights

Positive Impact on Market Valuation and Performance
- CSR is positively related to market valuation and firm performance in Asian emerging markets, with firms being rewarded for improving their CSR practices.
- CSR enhances the performance of small and medium-sized enterprises (SMEs) through improved corporate reputation and customer purchasing intentions.
- Proactive CSR strategies contribute to economic performance and global competitiveness by aligning business decisions with social and environmental needs.
Strategic Role in Business Activities
- CSR activities are used strategically by multinational companies (MNCs) to gain trust, legitimacy, and improve market positions in foreign markets, such as Korean MNCs in the Chinese electronics market.
- CSR helps address market and government failures in emerging markets, with social CSR having a larger impact on performance compared to governance and environmental CSR.
Regulatory and Institutional Influences
- Ongoing regulatory reforms in emerging markets provide incentives for company sustainability and encourage the adoption of CSR practices.
- The rise of CSR in emerging markets is influenced by criticisms of multinational enterprises and the need for multi-stakeholder partnerships and global governance .

Conclusion

CSR in emerging markets plays a crucial role in enhancing firm performance and market valuation. It serves as a strategic tool for gaining competitive advantage and addressing market and government failures. Regulatory reforms and institutional influences further drive the adoption of CSR practices, highlighting the importance of integrating social and environmental concerns into business operations for sustainable growth.

What is the Corporate social responsibility in emerging markets?

Summary

Introduction

Key Insights

Conclusion

Sources and full results

Does Corporate Social Responsibility Matter in Asian Emerging Markets?

CSR positively impacts market valuation and is rewarded by the market for improving its practice in Asian emerging markets.

Effects of corporate social responsibility on SMEs’ performance in emerging market

Corporate social responsibility positively impacts SMEs' performance in emerging markets, with corporate reputation and customers' purchasing intention playing mediating roles.

Corporate Social Responsibility as a Bolster for Economic Performance: Evidence from Emerging Markets

Adopting proactive corporate social responsibility strategies and providing robust extra-financial information is an emerging driver of global competitiveness in emerging markets like Malaysia, South Africa, Egypt, Turkey, Brazil, and Morocco.

Corporate Social Responsibility in Emerging Markets

Corporate social responsibility (CSR) in emerging markets has grown from criticisms of multinational enterprises, and various lenses have been used to study it.

Corporate social responsibility as a marketing strategy in foreign markets: The case of Korean MNCs in the Chinese electronics market

CSR practices in emerging markets can improve a company's market position by gaining trust and legitimacy, as demonstrated by the Korean MNC's experience in the Chinese electronics industry.

Variations in the Corporate Social Responsibility-Performance Relationship in Emerging Market Firms

Social CSR has a larger impact on performance in emerging market firms than governance or environmental CSR, as it helps build capabilities to reduce government failures in public goods and services.

Corporate and Financial Social Leadership in Emerging Markets and the Developing World

CSR and SRI can enhance economic development and social leadership in emerging markets and the developing world through global governance, multi-stakeholder management, and government assistance.

Corporate and Financial Social Leadership in Emerging Markets and the Developing World

CSR and SRI can enhance economic systems by promoting global governance, multi-stakeholder management, and government assistance.

Corporate Social Responsibility: Transparency, Ethics and Governance in Emerging Markets

CSR issues in emerging markets pose significant risks for Western businesses, with corruption, human rights abuse, financial fraud, and copyright piracy being major concerns.

Corporate Governance and Corporate Social Responsibility:Emerging Markets Focus

This book provides a comprehensive overview of corporate governance practices in emerging markets, addressing ethical, legal, and societal aspects beyond financial issues.

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