IDEAS home Printed from https://ideas.repec.org/a/gam/jsusta/v9y2017i10p1714-d113072.html
   My bibliography  Save this article

Efficiency and Sustainability of CSR Projects

Author

Listed:
  • Maria-Teresa Bosch-Badia

    (Deparment of Economics, Universitat de Girona, Campus de Montilivi, 17071 Girona, Spain)

  • Joan Montllor-Serrats

    (Department of Business, Universitat Autonoma de Barcelona, Cerdanyola del Valles, 08193 Bellaterra, Spain)

  • Maria-Antonia Tarrazon-Rodon

    (Department of Business, Universitat Autonoma de Barcelona, Cerdanyola del Valles, 08193 Bellaterra, Spain)

Abstract

The progressive expansion of Corporate Social Responsibility (CSR) has been accompanied by an increasing interest from regulators and market analysts. Governments and supra-national organisations have issued guidance rules on CSR, while market analysts have created a set of gatekeepers focused on its evaluation, publishing rankings and comparative reports. The UN Global Compact and the sustainability indexes are two relevant examples. The complexity and some of the functions of this CSR infrastructure have common features with the financial system. Information is at the core of both. The distinction between information and noise is central for building up efficient financial markets. The aim of this paper is to analyse how information can be separated from noise in CSR. To this end, we develop a qualitative model that centres on the following variables: the CSR features of the project under consideration, its financial features, its relationship with corporate strategy, the performance metrics for its analysis, the different kinds of risk it involves, and its impact on value creation. This model relies on two common functions that we identify in the CSR infrastructure and the financial system: the defining function and the performance information function. The model is applied to Adidas’ CSR policy.

Suggested Citation

  • Maria-Teresa Bosch-Badia & Joan Montllor-Serrats & Maria-Antonia Tarrazon-Rodon, 2017. "Efficiency and Sustainability of CSR Projects," Sustainability, MDPI, vol. 9(10), pages 1-18, September.
    • Handle: RePEc:gam:jsusta:v:9:y:2017:i:10:p:1714-:d:113072
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2071-1050/9/10/1714/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2071-1050/9/10/1714/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Alena Kocmanová & Marie Pavláková Dočekalová & Stanislav Škapa & Lenka Širáňová, 2016. "Measuring Corporate Sustainability and Environmental, Social, and Corporate Governance Value Added," Sustainability, MDPI, vol. 8(9), pages 1, September.
    2. Yoonjae Nam, 2015. "Institutional network structure of corporate stakeholders regarding global corporate social responsibility issues," Quality & Quantity: International Journal of Methodology, Springer, vol. 49(3), pages 1063-1080, May.
    3. Céline Gainet, 2010. "Exploring the Impact of Legal Systems and Financial Structure on Corporate Responsibility," Journal of Business Ethics, Springer, vol. 95(2), pages 195-222, September.
    4. Daniela M. Salvioni & Francesca Gennari & Luisa Bosetti, 2016. "Sustainability and Convergence: The Future of Corporate Governance Systems?," Sustainability, MDPI, vol. 8(11), pages 1-25, November.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Minseok Kim & Boyoung Kim & Sungho Oh, 2018. "Relational Benefit on Satisfaction and Durability in Strategic Corporate Social Responsibility," Sustainability, MDPI, vol. 10(4), pages 1-18, April.
    2. Maria-Teresa Bosch-Badia & Joan Montllor-Serrats & Maria-Antonia Tarrazon-Rodon, 2018. "Sustainability and Ethics in the Process of Price Determination in Financial Markets: A Conceptual Analysis," Sustainability, MDPI, vol. 10(5), pages 1-24, May.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Hee Chung Chung & Namho Chung & Yoonjae Nam, 2017. "A Social Network Analysis of Tourist Movement Patterns in Blogs: Korean Backpackers in Europe," Sustainability, MDPI, vol. 9(12), pages 1-19, December.
    2. Alena Kocmanová & Marie Pavláková Dočekalová & Tomáš Meluzín & Stanislav Škapa, 2020. "Sustainable Investing Model for Decision Makers (Based On Research of Manufacturing Industry in the Czech Republic)," Sustainability, MDPI, vol. 12(20), pages 1-27, October.
    3. Munshi Muhammad Abdul Kader Jilani & Luo Fan & Mohammad Tazul Islam & Md. Aftab Uddin, 2020. "The Influence of Knowledge Sharing on Sustainable Performance: A Moderated Mediation Study," Sustainability, MDPI, vol. 12(3), pages 1-18, January.
    4. Grougiou, Vassiliki & Leventis, Stergios & Dedoulis, Emmanouil & Owusu-Ansah, Stephen, 2014. "Corporate social responsibility and earnings management in U.S. banks," Accounting forum, Elsevier, vol. 38(3), pages 155-169.
    5. Krivogorsky, Victoria, 2024. "Sustainability reporting with two different voices: The European Union and the International Sustainability Standards Board," Journal of International Accounting, Auditing and Taxation, Elsevier, vol. 56(C).
    6. Daniela M. Salvioni & Simona Franzoni & Raffaella Cassano, 2017. "Sustainability in the Higher Education System: An Opportunity to Improve Quality and Image," Sustainability, MDPI, vol. 9(6), pages 1-27, May.
    7. Xiao Han & Yining Chen & Hehua Zhao, 2023. "Temporal–Spatial Evolution, Influencing Factors, and Driving Mechanisms of Environmental Regulation Performance Disparities: Evidence from China," Sustainability, MDPI, vol. 15(15), pages 1-26, July.
    8. Miriam Jankalová & Jana Kurotová, 2019. "Sustainability Assessment Using Economic Value Added," Sustainability, MDPI, vol. 12(1), pages 1-19, December.
    9. Jonghyuk Kim & Hyunwoo Hwangbo, 2019. "Real-Time Early Warning System for Sustainable and Intelligent Plastic Film Manufacturing," Sustainability, MDPI, vol. 11(5), pages 1-13, March.
    10. Figueira, Sandra & Gauthier, Caroline & Torres de Oliveira, Rui, 2023. "CSR and stakeholder salience in MNE subsidiaries in emerging markets," International Business Review, Elsevier, vol. 32(5).
    11. Ivan Bozhikin & Nikolay Dentchev, 2018. "Discovering a Wilderness of Regulatory Mechanisms for Corporate Social Responsibility: Literature Review," Economic Alternatives, University of National and World Economy, Sofia, Bulgaria, issue 2, pages 145-174, June.
    12. Karel Doubravský & Alena Kocmanová & Mirko Dohnal, 2018. "Analysis of Sustainability Decision Trees Generated by Qualitative Models Based on Equationless Heuristics," Sustainability, MDPI, vol. 10(7), pages 1-18, July.
    13. Alexandra Zbuchea & Florina Pînzaru & Mihail Busu & Sergiu-Octavian Stan & Alina Bârgăoanu, 2019. "Sustainable Knowledge Management and Its Impact on the Performances of Biotechnology Organizations," Sustainability, MDPI, vol. 11(2), pages 1-20, January.
    14. Braune, Eric & Sahut, Jean-Michel & Teulon, Fréderic, 2020. "Intangible capital, governance and financial performance," Technological Forecasting and Social Change, Elsevier, vol. 154(C).
    15. Hana Stverkova & Michal Pohludka, 2018. "Business Organisational Structures of Global Companies: Use of the Territorial Model to Ensure Long-Term Growth," Social Sciences, MDPI, vol. 7(6), pages 1-9, June.
    16. Anca Gabriela Petrescu & Florentina Raluca Bîlcan & Marius Petrescu & Ionica Holban Oncioiu & Mirela Cătălina Türkeș & Sorinel Căpuşneanu, 2020. "Assessing the Benefits of the Sustainability Reporting Practices in the Top Romanian Companies," Sustainability, MDPI, vol. 12(8), pages 1-31, April.
    17. Zhang, Chi & Liu, Qiang & Ge, Guoqing & Hao, Ying & Hao, Han, 2021. "The impact of government intervention on corporate environmental performance: Evidence from China's national civilized city award," Finance Research Letters, Elsevier, vol. 39(C).
    18. Daniela M. Salvioni & Alex Almici, 2020. "Transitioning Toward a Circular Economy: The Impact of Stakeholder Engagement on Sustainability Culture," Sustainability, MDPI, vol. 12(20), pages 1-30, October.
    19. Camelia Oprean-Stan & Sebastian Stan & Vasile Brătian, 2020. "Corporate Sustainability and Intangible Resources Binomial: New Proposal on Intangible Resources Recognition and Evaluation," Sustainability, MDPI, vol. 12(10), pages 1-23, May.
    20. Kai Xu & Lawrence Loh & Qiang Chen, 2020. "Sustainable Innovation Governance: An Analysis of Regional Innovation with a Super Efficiency Slack-Based Measure Model," Sustainability, MDPI, vol. 12(7), pages 1-19, April.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jsusta:v:9:y:2017:i:10:p:1714-:d:113072. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.