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Development of SMEs in an emerging economy: does corporate social responsibility matter?

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  • Masoumeh Doshmanli
  • Yashar Salamzadeh
  • Aidin Salamzadeh

Abstract

Despite its importance in development of firms, corporate social responsibility (CSR) is rarely studied in the literature of small and medium sized enterprises (SMEs). Therefore, the present study aims at investigating the correlation between CSR and development of SMEs to find a way to develop SMEs in a more responsible manner. This study followed a survey research design, and the statistical population of the study included 720 owners/managers of SMEs. The results indicated that there was a significantly positive correlation between all four dimensions of economic, legal, ethical and discretionary social responsibility and development of SMEs. Moreover, facilitating legislation and giving more authority to SME owners/managers for developing their enterprises are highly advised.

Suggested Citation

  • Masoumeh Doshmanli & Yashar Salamzadeh & Aidin Salamzadeh, 2018. "Development of SMEs in an emerging economy: does corporate social responsibility matter?," International Journal of Management and Enterprise Development, Inderscience Enterprises Ltd, vol. 17(2), pages 168-191.
    • Handle: RePEc:ids:ijmede:v:17:y:2018:i:2:p:168-191
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    References listed on IDEAS

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    1. Carroll, Archie B., 1991. "The pyramid of corporate social responsibility: Toward the moral management of organizational stakeholders," Business Horizons, Elsevier, vol. 34(4), pages 39-48.
    2. Ike C. Ehie, 2016. "Examining the corporate social responsibility orientation in developing countries: an empirical investigation of the Carroll's CSR pyramid," International Journal of Business Governance and Ethics, Inderscience Enterprises Ltd, vol. 11(1), pages 1-20.
    3. Ron Bird & Geeta Duppati & Abhishek Mukherjee, 2016. "Corporate social responsibility and firm market performance: a study of Indian listed companies," International Journal of Business Governance and Ethics, Inderscience Enterprises Ltd, vol. 11(1), pages 68-88.
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    3. Henry Egbezien Inegbedion & Perejite Roseline Thikan & Joseph Olusegun David & John Oluwasayo Ajani & Fred Ojochide Peter, 2024. "Small and medium enterprise (SME) competitiveness and employment creation: the mediating role of SME growth," Palgrave Communications, Palgrave Macmillan, vol. 11(1), pages 1-10, December.
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    5. Rizwan Ullah Khan & Yashar Salamzadeh & Hiroko Kawamorita & Gabor Rethi, 2021. "Entrepreneurial Orientation and Small and Medium-sized Enterprises’ Performance; Does ‘Access to Finance’ Moderate the Relation in Emerging Economies?," Vision, , vol. 25(1), pages 88-102, March.
    6. Fatemeh Hamidi & Naser Shams Gharneh & Datis Khajeheian, 2019. "A Conceptual Framework for Value Co-Creation in Service Enterprises (Case of Tourism Agencies)," Sustainability, MDPI, vol. 12(1), pages 1-21, December.

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