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Structural model of corporate social responsibility. An empirical study on Mexican SMEs

Author

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  • Martha Ríos-Manríquez
  • Martha Gabriela Ferrer-Ríos
  • María Dolores Sánchez-Fernández

Abstract

Companies are increasingly aware of their role with regard to social responsibility in its three pillars: economic, social and environmental, with their different stakeholders. Facing the dilemma of choosing the model of social responsibility they should adopt, taking care of their organizational culture and their employees, with a global vision that the business world requires. However, it is not an easy task for small and medium enterprises, mainly because of their economic shortcomings in human resources and knowledge of how to be a socially responsible company. But they are aware that Corporate Social Responsibility (CSR) is an opportunity for development and differentiation in the market. Therefore, the objective of this research is to build, identify and validate a model of Social Responsibility in small and medium enterprises in Guanajuato, Mexico (CSRSMEs), on a sample of 226 SMEs, using as a basis the methodology of the international standard of Ethical and Socially Responsible Management System (SGE21). A quantitative approach was used and, a descriptive analysis, exploratory factor analysis and the structural equation modeling was applied. The results determine that the most relevant variables for being socially responsible are human capital, clients, supply chain, social environment and impact on the community, and organizational governance: Legality and Management System. It is drawn from this work that the flexibility of the so-called Ethical and Socially Responsible Management System has the empirical foundations needed. That is, from the perspective of the company’s management to consider the CSRSMEs model an opportunity to adopt and evaluate the areas of social responsibility management of any business structure in the SMEs in Mexico.

Suggested Citation

  • Martha Ríos-Manríquez & Martha Gabriela Ferrer-Ríos & María Dolores Sánchez-Fernández, 2021. "Structural model of corporate social responsibility. An empirical study on Mexican SMEs," PLOS ONE, Public Library of Science, vol. 16(2), pages 1-22, February.
  • Handle: RePEc:plo:pone00:0246384
    DOI: 10.1371/journal.pone.0246384
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    References listed on IDEAS

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    1. Herrera Madueño, Jesús & Larrán Jorge, Manuel & Lechuga Sancho, María Paula & Martínez-Martínez, Domingo, 2016. "Responsabilidad social en las pymes: análisis exploratorio de factores explicativos," Revista de Contabilidad - Spanish Accounting Review, Elsevier, vol. 19(1), pages 31-44.
    2. Maria-Teresa Bosch-Badia & Joan Montllor-Serrats & Maria-Antonia Tarrazon-Rodon, 2015. "Corporate Social Responsibility: A Real Options Approach to the Challenge of Financial Sustainability," PLOS ONE, Public Library of Science, vol. 10(5), pages 1-37, May.
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