Examining drivers and outcomes of corporate social responsibility in agri-food firms

This study attempts to contribute to the debate on the impact of corporate social responsibility (CSR) on the financial performance (FP), image and reputation (IR) of agri-food firms, examining whether the legal form of organization (LFO) (cooperatives vs. capital firms) moderates these relationship...

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Main Authors: Antonio Martos-Pedrero, David Jiménez-Castillo, Francisco Joaquín Cortés-García
Format: Article
Language:English
Published: Czech Academy of Agricultural Sciences 2022-01-01
Series:Agricultural Economics (AGRICECON)
Subjects:
Online Access:https://agricecon.agriculturejournals.cz/artkey/age-202203-0001_examining-drivers-and-outcomes-of-corporate-social-responsibility-in-agri-food-firms.php
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author Antonio Martos-Pedrero
David Jiménez-Castillo
Francisco Joaquín Cortés-García
author_facet Antonio Martos-Pedrero
David Jiménez-Castillo
Francisco Joaquín Cortés-García
author_sort Antonio Martos-Pedrero
collection DOAJ
description This study attempts to contribute to the debate on the impact of corporate social responsibility (CSR) on the financial performance (FP), image and reputation (IR) of agri-food firms, examining whether the legal form of organization (LFO) (cooperatives vs. capital firms) moderates these relationships. To this aim, we also consider the potential effects of two scarcely investigated factors that can determine firms' CSR orientation, that is, the capacity to absorb CSR-related knowledge and the perception that managers have of ethics and social responsibility. Using data from a sample of 107 trading firms in the agri-food sector in Almeria (Spain), we show that both factors play a decisive role in the firms' CSR orientation, which has been measured as a multidimensional construct. Also, the orientation towards socially and environmentally responsible practices positively affect IR of agri-food firms and their FP. The relationship with the FP is stronger in the case of cooperatives compared to capital firms. Key implications for researchers and practitioners are discussed.
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spelling doaj.art-7d4ef522b4e5467db3dc9b0cd53871622023-02-23T03:25:37ZengCzech Academy of Agricultural SciencesAgricultural Economics (AGRICECON)0139-570X1805-92952022-01-01683798610.17221/398/2021-AGRICECONage-202203-0001Examining drivers and outcomes of corporate social responsibility in agri-food firmsAntonio Martos-Pedrero0David Jiménez-Castillo1Francisco Joaquín Cortés-García2Human and Social Sciences School, University of Almeria, Almeria, SpainDepartment of Economics and Business, Research Center CIMEDES, University of Almeria, Almeria, SpainFaculty of Business and Management, Universidad Autónoma de Chile, Santiago, ChileThis study attempts to contribute to the debate on the impact of corporate social responsibility (CSR) on the financial performance (FP), image and reputation (IR) of agri-food firms, examining whether the legal form of organization (LFO) (cooperatives vs. capital firms) moderates these relationships. To this aim, we also consider the potential effects of two scarcely investigated factors that can determine firms' CSR orientation, that is, the capacity to absorb CSR-related knowledge and the perception that managers have of ethics and social responsibility. Using data from a sample of 107 trading firms in the agri-food sector in Almeria (Spain), we show that both factors play a decisive role in the firms' CSR orientation, which has been measured as a multidimensional construct. Also, the orientation towards socially and environmentally responsible practices positively affect IR of agri-food firms and their FP. The relationship with the FP is stronger in the case of cooperatives compared to capital firms. Key implications for researchers and practitioners are discussed.https://agricecon.agriculturejournals.cz/artkey/age-202203-0001_examining-drivers-and-outcomes-of-corporate-social-responsibility-in-agri-food-firms.phpabsorptive capacitylegal form of organizationperception of ethics and social responsibilityreputationsustainability
spellingShingle Antonio Martos-Pedrero
David Jiménez-Castillo
Francisco Joaquín Cortés-García
Examining drivers and outcomes of corporate social responsibility in agri-food firms
Agricultural Economics (AGRICECON)
absorptive capacity
legal form of organization
perception of ethics and social responsibility
reputation
sustainability
title Examining drivers and outcomes of corporate social responsibility in agri-food firms
title_full Examining drivers and outcomes of corporate social responsibility in agri-food firms
title_fullStr Examining drivers and outcomes of corporate social responsibility in agri-food firms
title_full_unstemmed Examining drivers and outcomes of corporate social responsibility in agri-food firms
title_short Examining drivers and outcomes of corporate social responsibility in agri-food firms
title_sort examining drivers and outcomes of corporate social responsibility in agri food firms
topic absorptive capacity
legal form of organization
perception of ethics and social responsibility
reputation
sustainability
url https://agricecon.agriculturejournals.cz/artkey/age-202203-0001_examining-drivers-and-outcomes-of-corporate-social-responsibility-in-agri-food-firms.php
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