IDEAS home Printed from https://ideas.repec.org/a/pes/ierequ/v17y2022i2p511-531.html
   My bibliography  Save this article

Do owner-manager demographics in SMEs matter for corporate social responsibility?

Author

Listed:
  • Gentjan Çera

    (Tomas Bata University in Zlin, Czechia)

  • Khurram Ajaz Khan

    (Tomas Bata University in Zlin, Czechia)

  • Andrea Bláhová

    (Institute of Technology and Business in Èeské Budìjovice, Czechia)

  • Jaroslav Belas, Jr.

    (Alexander Dubcek University in Trencin, Slovakia)

Abstract

Research background: According to the EU agenda, CSR should be considered an integral element of the current organizational strategy, including SMEs. While the debate continues about the optimal approach for successful CSR adaptation in SME, yet there is a need to shed light on the impact of owner-manager’s demographics on CSR practices. Purpose of the article: The paper aims to examine whether owner-manager’s demographics (age, gender, education) matter for the implementation of CSR or not. Methods: The study is based on a questionnaire filled in by owner-managers of SMEs operating in Czechia (454) and Slovakia (368). Factor analysis and nonparametric methods are used to test the hypotheses. Findings & value added: This study shows that the relationships between CSR and owner-manager’s demographics are not alike between Slovakia and Czechia. Compared to owners, the evidence shows that the Czech managers are more oriented toward the CSR practices, while in Slovakia there is no difference. Such finding can be explained by Hofstede culture difference. In addition, analysis demonstrates that female Slovaks are more oriented to CSR than men, while it is not true in Czechia. Moreover, Czech individuals who graduated in the same field as their business are more oriented to the CSR, whereas in Slovakia this is not. In addition, young and old Slovak entrepreneurs are more oriented to the CSR than those 35-55 years old, manifesting a U-shape type of relationship. The originality of this work is manifested by the fact that it enriches the literature since it is among the first studies to analyze the relationships between owner-manager’s demographics and CSR in the SME segment for Czechia and Slovakia.

Suggested Citation

  • Gentjan Çera & Khurram Ajaz Khan & Andrea Bláhová & Jaroslav Belas, Jr., 2022. "Do owner-manager demographics in SMEs matter for corporate social responsibility?," Equilibrium. Quarterly Journal of Economics and Economic Policy, Institute of Economic Research, vol. 17(2), pages 511-531, June.
  • Handle: RePEc:pes:ierequ:v:17:y:2022:i:2:p:511-531
    DOI: 10.24136/eq.2022.018
    as

    Download full text from publisher

    File URL: http://dx.doi.org/10.24136/eq.2022.018
    Download Restriction: no

    File URL: https://libkey.io/10.24136/eq.2022.018?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Tiep Le Thanh & Ngo Quang Huan & Tran Thi Thuy Hong, 2021. "Effects of corporate social responsibility on SMEs’ performance in emerging market," Cogent Business & Management, Taylor & Francis Journals, vol. 8(1), pages 1878978-187, January.
    2. Justyna Fijałkowska & Beata Zyznarska-Dworczak & Przemysław Garsztka, 2018. "Corporate Social-Environmental Performance versus Financial Performance of Banks in Central and Eastern European Countries," Sustainability, MDPI, vol. 10(3), pages 1-22, March.
    3. Yu Jia & Jinglu Yan & Tianyuan Liu & Jun Huang, 2019. "How Does Internal and External CSR Affect Employees’ Work Engagement? Exploring Multiple Mediation Mechanisms and Boundary Conditions," IJERPH, MDPI, vol. 16(14), pages 1-17, July.
    4. Zdenko Metzker & Justas Streimikis, 2020. "Csr Activities In The Czech Sme Segment," International Journal of Entrepreneurial Knowledge, Center for International Scientific Research of VSO and VSPP, vol. 8(1), pages 49-64, June.
    5. Morgen Johansen, 2007. "The Effect of Female Strategic Managers on Organizational Performance," Public Organization Review, Springer, vol. 7(3), pages 269-279, September.
    6. Minji Kim & Tohyun Kim, 2020. "When Do CEOs Engage in CSR Activities? Performance Feedback, CEO Ownership, and CSR," Sustainability, MDPI, vol. 12(19), pages 1-13, October.
    7. Gerry Larsson & Christina Björklund, 2020. "Age and leadership: comparisons of age groups in different kinds of work environment," Management Research Review, Emerald Group Publishing Limited, vol. 44(5), pages 661-676, July.
    8. Yves Fassin & Andrea Werner & Annick van Rossem & Silvana Signori & Elisabeth Garriga & Heidi von Weltzien Hoivik & Hans-Jörg Schlierer, 2015. "CSR and Related Terms in SME Owner–Managers' Mental Models in Six European Countries : National Context Matters," Post-Print hal-02313143, HAL.
    9. François Maon & Valérie Swaen & Adam Lindgreen, 2017. "One Vision, Different Paths: An Investigation of Corporate Social Responsibility Initiatives in Europe," Journal of Business Ethics, Springer, vol. 143(2), pages 405-422, June.
    10. Jean-Michel Sahut & Marta Peris-Ortiz & Frédéric Teulon, 2019. "Corporate social responsibility and governance," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 23(4), pages 901-912, December.
    11. Christy Glass & Alison Cook & Alicia R. Ingersoll, 2016. "Do Women Leaders Promote Sustainability? Analyzing the Effect of Corporate Governance Composition on Environmental Performance," Business Strategy and the Environment, Wiley Blackwell, vol. 25(7), pages 495-511, November.
    12. Kristina Risom Jespersen & Rune Bysted, 2016. "Implementing New Product Development: A Study Of Personal Characteristics Among Managers," International Journal of Innovation Management (ijim), World Scientific Publishing Co. Pte. Ltd., vol. 20(03), pages 1-23, April.
    13. Meyer, Andrew, 2015. "Does education increase pro-environmental behavior? Evidence from Europe," Ecological Economics, Elsevier, vol. 116(C), pages 108-121.
    14. Khurram Ajaz Khan & Robert Dankiewicz & Yana Kliuchnikava & Judit Olah, 2020. "How Do Entrepreneurs Feel Bankruptcy?," International Journal of Entrepreneurial Knowledge, Center for International Scientific Research of VSO and VSPP, vol. 8(1), pages 89-101, June.
    15. Jennifer Kunz, 2020. "Corporate Social Responsibility and Employees Motivation—Broadening the Perspective," Schmalenbach Business Review, Springer;Schmalenbach-Gesellschaft, vol. 72(2), pages 159-191, April.
    16. Michele Fabrizi & Christine Mallin & Giovanna Michelon, 2014. "The Role of CEO’s Personal Incentives in Driving Corporate Social Responsibility," Journal of Business Ethics, Springer, vol. 124(2), pages 311-326, October.
    17. Steven A. Brieger & Stefan Anderer & Andreas Fröhlich & Anne Bäro & Timo Meynhardt, 2020. "Too Much of a Good Thing? On the Relationship Between CSR and Employee Work Addiction," Journal of Business Ethics, Springer, vol. 166(2), pages 311-329, October.
    18. Tomina Saveanu & Daniel Badulescu & Sorana Saveanu & Maria-Madela Abrudan & Alina Badulescu, 2021. "The Role of Owner-Managers in Shaping CSR Activity of Romanian SMEs," Sustainability, MDPI, vol. 13(20), pages 1-19, October.
    19. Saeidi, Sayedeh Parastoo & Sofian, Saudah & Saeidi, Parvaneh & Saeidi, Sayyedeh Parisa & Saaeidi, Seyyed Alireza, 2015. "How does corporate social responsibility contribute to firm financial performance? The mediating role of competitive advantage, reputation, and customer satisfaction," Journal of Business Research, Elsevier, vol. 68(2), pages 341-350.
    20. Wafa Ghardallou, 2022. "Corporate Sustainability and Firm Performance: The Moderating Role of CEO Education and Tenure," Sustainability, MDPI, vol. 14(6), pages 1-16, March.
    21. Gerry Larsson & Christina Björklund, 2020. "Age and leadership: comparisons of age groups in different kinds of work environment," Management Research Review, Emerald Group Publishing Limited, vol. 44(5), pages 661-676, July.
    22. Xinfeng Jiang & Ahsan Akbar, 2018. "Does Increased Representation of Female Executives Improve Corporate Environmental Investment? Evidence from China," Sustainability, MDPI, vol. 10(12), pages 1-19, December.
    23. Feifei Lu & Zhaohua Wang & Anne Toppinen & Dalia D’Amato & Zuomin Wen, 2021. "Managerial Risk Perceptions of Corporate Social Responsibility Disclosure: Evidence from the Forestry Sector in China," Sustainability, MDPI, vol. 13(12), pages 1-16, June.
    24. Jean-Michel Sahut & Marta Peris-Ortiz & Frédéric Teulon, 2019. "Correction to: Corporate social responsibility and governance," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 23(4), pages 913-913, December.
    25. Hafiz Yasir Ali & Rizwan Qaiser Danish & Muhammad Asrar‐ul‐Haq, 2020. "How corporate social responsibility boosts firm financial performance: The mediating role of corporate image and customer satisfaction," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 27(1), pages 166-177, January.
    26. Busenitz, Lowell W. & Barney, Jay B., 1997. "Differences between entrepreneurs and managers in large organizations: Biases and heuristics in strategic decision-making," Journal of Business Venturing, Elsevier, vol. 12(1), pages 9-30, January.
    27. Won-Yong Oh & Young Kyun Chang & Zheng Cheng, 2016. "When CEO Career Horizon Problems Matter for Corporate Social Responsibility: The Moderating Roles of Industry-Level Discretion and Blockholder Ownership," Journal of Business Ethics, Springer, vol. 133(2), pages 279-291, January.
    28. Giuliana Birindelli & Antonia Patrizia Iannuzzi & Marco Savioli, 2019. "The impact of women leaders on environmental performance: Evidence on gender diversity in banks," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 26(6), pages 1485-1499, November.
    29. Jan Dvorsky & Ludmila Kozubikova & Aleksandr Kljucnikov & Eva Ivanova, 2022. "Owners vs. Managers. Disparities of Attitudes on the Business Risk in SME Segment," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 24(59), pages 174-174.
    30. Jelena Titko & Anna Svirina & Tatjana Tambovceva & Viktorija Skvarciany, 2021. "Differences in Attitude to Corporate Social Responsibility among Generations," Sustainability, MDPI, vol. 13(19), pages 1-12, October.
    31. Marko Kukanja & Tanja Planinc & Metod Šuligoj, 2016. "Influence of managers' demographic characteristics on CSR practices in the restaurant industry: the case of Slovenia," Tourism and Hospitality Management, University of Rijeka, Faculty of Tourism and Hospitality Management, vol. 22(2), pages 151-172, December.
    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. Gul Shah Sabary & Aleksandr Kljuènikov, 2023. "Barriers to immigrant entrepreneurship: A causal relationship analysis of the Asian immigrant entrepreneurs in Germany employing the DEMATEL approach," Equilibrium. Quarterly Journal of Economics and Economic Policy, Institute of Economic Research, vol. 18(2), pages 491-522, June.
    2. Oscar Licandro & Luis Camilo Ortigueira Sánchez & Oscar Huapaya-Huertas, 2023. "Consistency between Definition and Reasons for Applying Corporate Social Responsibility: The Perspective of Social Responsibility Managers," Sustainability, MDPI, vol. 15(20), pages 1-16, October.

    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. Nhat Minh Tran, 2022. "CEO and Chairperson Characteristics and Corporate Environmental Performance: A Study of Cooperatives in Vietnam," SAGE Open, , vol. 12(4), pages 21582440221, October.
    2. Zhaocheng Xu & Jingchuan Hou, 2021. "Effects of CEO Overseas Experience on Corporate Social Responsibility: Evidence from Chinese Manufacturing Listed Companies," Sustainability, MDPI, vol. 13(10), pages 1-24, May.
    3. Nurlan Orazalin & Mady Baydauletov, 2020. "Corporate social responsibility strategy and corporate environmental and social performance: The moderating role of board gender diversity," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 27(4), pages 1664-1676, July.
    4. Malik, Ihtisham A. & Chowdhury, Hasibul & Alam, Md Samsul, 2023. "Equity market response to natural disasters: Does firm's corporate social responsibility make difference?," Global Finance Journal, Elsevier, vol. 55(C).
    5. Sara Saggese & Fabrizia Sarto & Riccardo Viganò, 2021. "Do women directors contribute to R&D? The role of critical mass and expert power," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 25(2), pages 593-623, June.
    6. Dang, Rey & Houanti, L'Hocine & Sahut, Jean-Michel & Simioni, Michel, 2021. "Do women on corporate boards influence corporate social performance? A control function approach," Finance Research Letters, Elsevier, vol. 39(C).
    7. Sara De Masi & Agnieszka Słomka‐Gołębiowska & Claudio Becagli & Andrea Paci, 2021. "Toward sustainable corporate behavior: The effect of the critical mass of female directors on environmental, social, and governance disclosure," Business Strategy and the Environment, Wiley Blackwell, vol. 30(4), pages 1865-1878, May.
    8. Leruth, Luc & Mazarei, Adnan & Regibeau, Pierre & Renneboog, Luc, 2022. "Green Energy Depends on Critical Minerals. Who Controls the Supply Chains?," Discussion Paper 2022-024, Tilburg University, Center for Economic Research.
    9. Zhe Zhang & Xin Wang & Ming Jia, 2021. "Echoes of CEO Entrepreneurial Orientation: How and When CEO Entrepreneurial Orientation Influences Dual CSR Activities," Journal of Business Ethics, Springer, vol. 169(4), pages 609-629, April.
    10. Sajid Ullah & Farman Ullah Khan & Laura-Mariana Cismaș & Muhammad Usman & Andra Miculescu, 2022. "Do Tournament Incentives Matter for CEOs to Be Environmentally Responsible? Evidence from Chinese Listed Companies," IJERPH, MDPI, vol. 19(1), pages 1-20, January.
    11. Fan, Pengda & Qian, Xuepeng & Wang, Jian, 2023. "Does gender diversity matter? Female directors and firm carbon emissions in Japan," Pacific-Basin Finance Journal, Elsevier, vol. 77(C).
    12. Michele Fioretti & Victor Saint-Jean & Simon C Smith, 2022. "The Voice: The Shareholders' Motives Behind Corporate Donations during COVID-19 (former title: Selfish Shareholders: Corporate Donations during COVID-19)," SciencePo Working papers Main hal-03386585, HAL.
    13. Tatiana Yu. Kudryavtseva & Angi E. Skhvediani & Maiia S. Leukhina & Alexandra O. Schneider, 2023. "A Fuzzy Model for Personnel Risk Analysis: Case of Russian-Finnish Export-Import Operations of Small and Medium Enterprises," Journal of Applied Economic Research, Graduate School of Economics and Management, Ural Federal University, vol. 22(3), pages 683-709.
    14. Antonio Martos‐Pedrero & David Jiménez‐Castillo & Vera Ferrón‐Vílchez & Francisco Joaquín Cortés‐García, 2023. "Corporate social responsibility and export performance under stakeholder view: The mediation of innovation and the moderation of the legal form," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 30(1), pages 248-266, January.
    15. Daewoung Choi & Hyunju Shin & Kyoungmi Kim, 2023. "CEO’s Childhood Experience of Natural Disaster and CSR Activities," Journal of Business Ethics, Springer, vol. 188(2), pages 281-306, November.
    16. Hafiz Yasir Ali & Muhammad Asrar‐ul‐Haq & Shaheera Amin & Sadaf Noor & Muhammad Haris‐ul‐Mahasbi & Muhammad Kashif Aslam, 2020. "Corporate social responsibility and employee performance: The mediating role of employee engagement in the manufacturing sector of Pakistan," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 27(6), pages 2908-2919, November.
    17. Víctor Amor‐Esteban & María Purificación Galindo‐Villardón & Isabel‐María García‐Sánchez, 2020. "Bias in composite indexes of CSR practice: An analysis of CUR matrix decomposition," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 27(4), pages 1914-1936, July.
    18. Bingxuan Lin & Jianhua Liu & Rui Lu & Liang Sun, 2023. "The Benefit of Frequent Corporate Philanthropy," Abacus, Accounting Foundation, University of Sydney, vol. 59(1), pages 411-436, March.
    19. Rashedul Hasan & Mohammad Dulal Miah & M. Kabir Hassan, 2022. "The nexus between environmental and financial performance: Evidence from gulf cooperative council banks," Business Strategy and the Environment, Wiley Blackwell, vol. 31(7), pages 2882-2907, November.
    20. Yasir Shahab & Collins G. Ntim & Yugang Chen & Farid Ullah & Hai‐Xia Li & Zhiwei Ye, 2020. "Chief executive officer attributes, sustainable performance, environmental performance, and environmental reporting: New insights from upper echelons perspective," Business Strategy and the Environment, Wiley Blackwell, vol. 29(1), pages 1-16, January.

    More about this item

    Keywords

    CSR; corporate social responsibility; owner; manager; SMEs;
    All these keywords.

    JEL classification:

    • J16 - Labor and Demographic Economics - - Demographic Economics - - - Economics of Gender; Non-labor Discrimination
    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility

    Statistics

    Access and download statistics

    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:pes:ierequ:v:17:y:2022:i:2:p:511-531. 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: Adam P. Balcerzak (email available below). General contact details of provider: https://edirc.repec.org/data/ibgtopl.html .

    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.