Impact of Corporate Social Responsibility on the Effectiveness of Companies' Business Activities
Background: Corporate social responsibility (CSR) has a great influence on the sustainability of company development, so it can be considered a business model for business effectiveness. Objective: The objective of the research is to determine the mutual influence of real-estate companies’ activitie...
| Main Authors: | , , , , , , , , , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Ital Publication
2023-05-01
|
| Series: | Emerging Science Journal |
| Subjects: | |
| Online Access: | https://www.ijournalse.org/index.php/ESJ/article/view/1652 |
| _version_ | 1797827273322135552 |
|---|---|
| author | Marina V. Vasiljeva Alexander N. Semin Vadim V. Ponkratov Nikolay V. Kuznetsov Evgeniy V. Kostyrin Nadezhda N. Semenova Marina I. Ivleva Angelina O. Zekiy Natalia V. Ruban-Lazareva Alexander L. Elyakov Iskandar Muda |
| author_facet | Marina V. Vasiljeva Alexander N. Semin Vadim V. Ponkratov Nikolay V. Kuznetsov Evgeniy V. Kostyrin Nadezhda N. Semenova Marina I. Ivleva Angelina O. Zekiy Natalia V. Ruban-Lazareva Alexander L. Elyakov Iskandar Muda |
| author_sort | Marina V. Vasiljeva |
| collection | DOAJ |
| description | Background: Corporate social responsibility (CSR) has a great influence on the sustainability of company development, so it can be considered a business model for business effectiveness. Objective: The objective of the research is to determine the mutual influence of real-estate companies’ activities and CSR effectiveness in different countries. This study examines indicators for assessing companies’ financial stability, CSR, and working capital management's influence on the activity effectiveness of real-estate companies. Methods/Analysis: Questionnaires, the principal component method, the Sobel test, and linear regression analysis are used to evaluate the relationship between CSR and the business performance of autocratic management-style companies. The authors’ algorithm for assessing a company’s financial stability, CSR, and capital management, which affect the efficiency of companies, is proposed. Findings: Empirical analysis has shown that management has no mediating effect on CSR and enterprise performance relationships for companies with high financial stability and working capital, though it has a stimulating effect for low financial stability companies. CSR and business performance have positive relationships in companies, but despite financial stability growing, the autocratic leadership style reduces interest in CSR development. This paper conceptualizes the impacts of CSR on the effectiveness of companies. Novelty: The novelty of this study is to create theoretical and practical provisions aimed at laws and regulations.
Doi: 10.28991/ESJ-2023-07-03-08
Full Text: PDF |
| first_indexed | 2024-04-09T12:45:37Z |
| format | Article |
| id | doaj.art-e44a49a62d024296ade14e6fdd7d7940 |
| institution | Directory Open Access Journal |
| issn | 2610-9182 |
| language | English |
| last_indexed | 2024-04-09T12:45:37Z |
| publishDate | 2023-05-01 |
| publisher | Ital Publication |
| record_format | Article |
| series | Emerging Science Journal |
| spelling | doaj.art-e44a49a62d024296ade14e6fdd7d79402023-05-14T14:00:02ZengItal PublicationEmerging Science Journal2610-91822023-05-017376879010.28991/ESJ-2023-07-03-08480Impact of Corporate Social Responsibility on the Effectiveness of Companies' Business ActivitiesMarina V. Vasiljeva0Alexander N. Semin1Vadim V. Ponkratov2Nikolay V. Kuznetsov3Evgeniy V. Kostyrin4Nadezhda N. Semenova5Marina I. Ivleva6Angelina O. Zekiy7Natalia V. Ruban-Lazareva8Alexander L. Elyakov9Iskandar Muda10Autonomous Non-Profit Organization “Publishing House Scientific Review” (Nauchnoe Obozrenie), Moscow,Ural State University of Economics, Yekaterinburg,Financial University under the Government of the Russian Federation, Moscow,The State University of Management, Moscow,Bauman Moscow State Technical University, Moscow,National Research Mordovia State University, Saransk,Plekhanov Russian University of Economics, Moscow,I.M. Sechenov First Moscow State Medical University (Sechenov University), Moscow,National University of Science and Technology “MISIS”, Moscow,North-Eastern Federal University named after M.K. Ammosov, Yakutsk,Universitas Sumatera Utara, Medan,Background: Corporate social responsibility (CSR) has a great influence on the sustainability of company development, so it can be considered a business model for business effectiveness. Objective: The objective of the research is to determine the mutual influence of real-estate companies’ activities and CSR effectiveness in different countries. This study examines indicators for assessing companies’ financial stability, CSR, and working capital management's influence on the activity effectiveness of real-estate companies. Methods/Analysis: Questionnaires, the principal component method, the Sobel test, and linear regression analysis are used to evaluate the relationship between CSR and the business performance of autocratic management-style companies. The authors’ algorithm for assessing a company’s financial stability, CSR, and capital management, which affect the efficiency of companies, is proposed. Findings: Empirical analysis has shown that management has no mediating effect on CSR and enterprise performance relationships for companies with high financial stability and working capital, though it has a stimulating effect for low financial stability companies. CSR and business performance have positive relationships in companies, but despite financial stability growing, the autocratic leadership style reduces interest in CSR development. This paper conceptualizes the impacts of CSR on the effectiveness of companies. Novelty: The novelty of this study is to create theoretical and practical provisions aimed at laws and regulations. Doi: 10.28991/ESJ-2023-07-03-08 Full Text: PDFhttps://www.ijournalse.org/index.php/ESJ/article/view/1652sustainable managementcorporate social responsibilityfinancial sustainabilityworking capital managementbusiness effectiveness. |
| spellingShingle | Marina V. Vasiljeva Alexander N. Semin Vadim V. Ponkratov Nikolay V. Kuznetsov Evgeniy V. Kostyrin Nadezhda N. Semenova Marina I. Ivleva Angelina O. Zekiy Natalia V. Ruban-Lazareva Alexander L. Elyakov Iskandar Muda Impact of Corporate Social Responsibility on the Effectiveness of Companies' Business Activities Emerging Science Journal sustainable management corporate social responsibility financial sustainability working capital management business effectiveness. |
| title | Impact of Corporate Social Responsibility on the Effectiveness of Companies' Business Activities |
| title_full | Impact of Corporate Social Responsibility on the Effectiveness of Companies' Business Activities |
| title_fullStr | Impact of Corporate Social Responsibility on the Effectiveness of Companies' Business Activities |
| title_full_unstemmed | Impact of Corporate Social Responsibility on the Effectiveness of Companies' Business Activities |
| title_short | Impact of Corporate Social Responsibility on the Effectiveness of Companies' Business Activities |
| title_sort | impact of corporate social responsibility on the effectiveness of companies business activities |
| topic | sustainable management corporate social responsibility financial sustainability working capital management business effectiveness. |
| url | https://www.ijournalse.org/index.php/ESJ/article/view/1652 |
| work_keys_str_mv | AT marinavvasiljeva impactofcorporatesocialresponsibilityontheeffectivenessofcompaniesbusinessactivities AT alexandernsemin impactofcorporatesocialresponsibilityontheeffectivenessofcompaniesbusinessactivities AT vadimvponkratov impactofcorporatesocialresponsibilityontheeffectivenessofcompaniesbusinessactivities AT nikolayvkuznetsov impactofcorporatesocialresponsibilityontheeffectivenessofcompaniesbusinessactivities AT evgeniyvkostyrin impactofcorporatesocialresponsibilityontheeffectivenessofcompaniesbusinessactivities AT nadezhdansemenova impactofcorporatesocialresponsibilityontheeffectivenessofcompaniesbusinessactivities AT marinaiivleva impactofcorporatesocialresponsibilityontheeffectivenessofcompaniesbusinessactivities AT angelinaozekiy impactofcorporatesocialresponsibilityontheeffectivenessofcompaniesbusinessactivities AT nataliavrubanlazareva impactofcorporatesocialresponsibilityontheeffectivenessofcompaniesbusinessactivities AT alexanderlelyakov impactofcorporatesocialresponsibilityontheeffectivenessofcompaniesbusinessactivities AT iskandarmuda impactofcorporatesocialresponsibilityontheeffectivenessofcompaniesbusinessactivities |