A note on the impact of environmental performance on financial performance
In: Structural change and economic dynamics, Band 16, Heft 3, S. 413-421
ISSN: 1873-6017
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In: Structural change and economic dynamics, Band 16, Heft 3, S. 413-421
ISSN: 1873-6017
In: Global Practices of Corporate Social Responsibility, S. 325-342
In: Journal of accounting and public policy, Band 38, Heft 5, S. 106680
ISSN: 0278-4254
In: Enterprise & society: the international journal of business history, S. 1-35
ISSN: 1467-2235
In emerging economies, economic development and pro-social policies are closely entwined. Multinational corporations have presented a positive image of their economic and social activities to investors and society to justify exploiting countries' natural resources. This study examines the Arabian American Oil Company's (Aramco) pro-social/corporate social responsibility programs in employment, housing, and healthcare from 1932 to 1974. These programs did not stem from a philanthropic rationale but were necessary to enable Aramco to create the infrastructure to find, extract, and control the oil assets. Hierarchical control was institutionalized through racism and discrimination in employment, housing, and health regulations. However, Aramco adopted impression management strategies to present a positive image of itself as a socially responsible company contributing to the economic and social development of Saudi Arabia. We analyze management statements in company reports and internal documents to identify and categorize the application of these impression management techniques up to when the Saudi government took a controlling stake in Aramco.
SSRN
Working paper
In: Business Strategy and the Environment, 2019
SSRN
In: The journal of developing areas, Band 50, Heft 2, S. 77-95
ISSN: 1548-2278
In: Social & environmental accountability journal, Band 29, Heft 1, S. 34-41
ISSN: 2156-2245
In: Employee relations, Band 45, Heft 1, S. 1-20
ISSN: 1758-7069
PurposeUsing legitimacy and impression management theories, this study examines whether there is evidence of Corporate Social Responsibility (CSR) decoupling by critically analysing the cases of three Financial Times Stock Exchange (FTSE) 350 airline companies (British Airways, WizAir, and Easyjet). The study focusses on three CSR aspects: community, customer, and employee support.Design/methodology/approachUsing the case study method, the authors critically analysed the content of the three companies' websites and verified Twitter accounts between March 2020 and August 2020. The authors also reviewed news media sources tied explicitly to COVID-19 and the airline industry.FindingsThe study finds evidence of CSR decoupling due to inconsistencies between the three airline companies' communication about the companies' commitment to customers' health and safety and their actions. The study also uncovers that the three airline companies have violated employee rights by imposing unjustifiable and excessive redundancies and pay cuts, freezing planned pay rises, forcing unpaid leaves, and in some cases, suspending free meals during the crew shifts and exploiting the financial pressure and lack of jobs resulting from the pandemic by offering employees inferior contracts.Research limitations/implicationsThis paper responds to He and Harris's (2020) call for research to explore the impact of the global pandemic on CSR practices and Crane and Matten's (2020) call for research investigating how specific stakeholders get unvalued during the pandemic. The authors' study argues that the social responsibility of organisations, especially during crises, should not only focus on voluntary and charitable deeds but also on supporting employees, putting employees' well-being at the forefront of employees' operations, and maintaining credibility and sincerity in employees' communication and actions.Practical implicationsThe findings in this paper provide insights and policy implications for managers, stakeholders, and regulators. The paper sheds light on violations of employee rights, indicating that employees in the airline sector are amongst the under-appreciated stakeholders during the pandemic. Such knowledge is essential for practitioners and policymakers who are charting paths forward to address the needs of vulnerable categories of employees. The paper also elucidates the impact of CSR decoupling on an organisation's legitimacy and the significance of maintaining credibility in CSR communications and actions, especially during a crisis.Originality/valueAlthough exploring and analysing CSR practices in organisations has already attracted considerable interest in recent years, there is minimal knowledge about organisations' genuine commitment to CSR during the pandemic, and there is a dearth of relevant studies in the aviation industry during the COVID-19 pandemic. This study addresses this gap by exploring the CSR practices of three airline companies and the companies' genuine commitment to CSR during the pandemic.
In: International journal of information management, Band 50, S. 1-16
ISSN: 0268-4012
In: Journal of business ethics: JBE, Band 125, Heft 4, S. 601-615
ISSN: 1573-0697