IDEAS home Printed from https://ideas.repec.org/a/gam/jsusta/v13y2021i12p6561-d571372.html
   My bibliography  Save this article

Corporate Social Responsibility in the COVID-19 Pandemic Period: A Traditional Way to Address New Social Issues

Author

Listed:
  • Nicola Raimo

    (Department of Management, Finance and Technology, LUM University, 70010 Casamassima (Bari), Italy)

  • Angela Rella

    (Department of Management, Finance and Technology, LUM University, 70010 Casamassima (Bari), Italy)

  • Filippo Vitolla

    (Department of Management, Finance and Technology, LUM University, 70010 Casamassima (Bari), Italy)

  • María-Inés Sánchez-Vicente

    (Facultad de Economia y Empresa, Universidad de Salamanca, 37007 Salamanca, Spain)

  • Isabel-María García-Sánchez

    (IME-Instituto Multidisciplinar de Empresa, Universidad de Salamanca, 37007 Salamanca, Spain)

Abstract

The COVID-19 pandemic has had serious health, social and economic consequences. In this difficult context, companies are called upon to implement corporate social responsibility (CSR) activities to support society and the weakest individuals. This study examines how Spanish companies have supported society and vulnerable individuals through partnerships with non-governmental organizations (NGOs). In this regard, a multiple case study analysis based on 14 companies listed on the Madrid Stock Exchange that have created collaborations with different NGOs was conducted. The results show that these partnerships are mainly aimed at providing food, health, social and technological support to society and vulnerable individuals. To the best of our knowledge, this is the first study that examines the support provided by companies to society during the COVID-19 pandemic in the European context.

Suggested Citation

  • Nicola Raimo & Angela Rella & Filippo Vitolla & María-Inés Sánchez-Vicente & Isabel-María García-Sánchez, 2021. "Corporate Social Responsibility in the COVID-19 Pandemic Period: A Traditional Way to Address New Social Issues," Sustainability, MDPI, vol. 13(12), pages 1-16, June.
  • Handle: RePEc:gam:jsusta:v:13:y:2021:i:12:p:6561-:d:571372
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2071-1050/13/12/6561/pdf
    Download Restriction: no

    File URL: https://www.mdpi.com/2071-1050/13/12/6561/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Brian R. Johnson & Eric Connolly & Timothy S. Carter, 2011. "Corporate social responsibility: the role of Fortune 100 companies in domestic and international natural disasters," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 18(6), pages 352-369, November.
    2. Filippo Vitolla & Nicola Raimo & Michele Rubino, 2020. "Board characteristics and integrated reporting quality: an agency theory perspective," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 27(2), pages 1152-1163, March.
    3. Esben Pedersen, 2010. "Modelling CSR: How Managers Understand the Responsibilities of Business Towards Society," Journal of Business Ethics, Springer, vol. 91(2), pages 155-166, January.
    4. Bryane Michael, 2003. "Corporate social responsibility in international development: an overview and critique," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 10(3), pages 115-128, September.
    5. Isabel-María García-Sánchez & Nicola Raimo & Arcangelo Marrone & Filippo Vitolla, 2020. "How Does Integrated Reporting Change in Light of COVID-19? A Revisiting of the Content of the Integrated Reports," Sustainability, MDPI, vol. 12(18), pages 1-11, September.
    6. Monika Sidor & Dina Abdelhafez, 2021. "NGO–Public Administration Relationships in Tackling the Homelessness Problem in the Czech Republic and Poland," Administrative Sciences, MDPI, vol. 11(1), pages 1-15, March.
    7. Appel Mahmud & Donghong Ding & Md. Morshadul Hasan, 2021. "Corporate Social Responsibility: Business Responses to Coronavirus (COVID-19) Pandemic," SAGE Open, , vol. 11(1), pages 21582440209, January.
    8. Isabel-María García-Sánchez & Víctor Amor-Esteban & Alejandra García-Sánchez, 2021. "Different Leaders in a COVID-19 Scenario: CEO Altruism and Generous Discourse," Sustainability, MDPI, vol. 13(7), pages 1-19, March.
    9. Ángel de la Fuente & Benito Arruñada & Nuria Bermejo & Olga Cerqueira & Marta Cervera Martínez & José M. Fernández Seijo & Marta Flores Segura & Francisco Garcimartin & Stefan F. van Hemmen & Jordi Ma, 2021. "¿Cómo ayudar a las empresas en la crisis del Covid?," Policy Papers 2021-05, FEDEA.
    10. Isabel-María García-Sánchez & Nicola Raimo & Filippo Vitolla, 2021. "Are Environmentally Innovative Companies Inclined towards Integrated Environmental Disclosure Policies?," Administrative Sciences, MDPI, vol. 11(1), pages 1-19, March.
    11. Norbert Laurisz, 2019. "The Role of Stakeholders in Development of Social Economy Organizations in Poland: An Integrative Approach," Administrative Sciences, MDPI, vol. 9(4), pages 1-17, September.
    12. Fernando, Mario, 2010. "Corporate social responsibility in the wake of the Asian tsunami: Effect of time on the genuineness of CSR initiatives," European Management Journal, Elsevier, vol. 28(1), pages 68-79, February.
    13. Filippo Vitolla & Nicola Raimo & Michele Rubino, 2019. "Appreciations, criticisms, determinants, and effects of integrated reporting: A systematic literature review," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 26(2), pages 518-528, March.
    14. Nicola Raimo & Filippo Vitolla & Arcangelo Marrone & Michele Rubino, 2020. "The role of ownership structure in integrated reporting policies," Business Strategy and the Environment, Wiley Blackwell, vol. 29(6), pages 2238-2250, September.
    15. Dima Jamali, 2008. "A Stakeholder Approach to Corporate Social Responsibility: A Fresh Perspective into Theory and Practice," Journal of Business Ethics, Springer, vol. 82(1), pages 213-231, September.
    16. Carla Guerriero & Andy Haines & Marco Pagano, 2020. "Health and sustainability in post-pandemic economic policies," Nature Sustainability, Nature, vol. 3(7), pages 494-496, July.
    17. Wioleta Kucharska & Rafał Kowalczyk, 2019. "How to achieve sustainability?—Employee's point of view on company's culture and CSR practice," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 26(2), pages 453-467, March.
    18. Filippo Vitolla & Nicola Raimo & Michele Rubino & Antonello Garzoni, 2019. "The impact of national culture on integrated reporting quality. A stakeholder theory approach," Business Strategy and the Environment, Wiley Blackwell, vol. 28(8), pages 1558-1571, December.
    19. Peter M. Madsen & Zachariah J. Rodgers, 2015. "Looking good by doing good: The antecedents and consequences of stakeholder attention to corporate disaster relief," Strategic Management Journal, Wiley Blackwell, vol. 36(5), pages 776-794, May.
    20. Hari Bapuji & Frank de Bakker & Jill Brown & Colin Higgins & Kathleen Rehbein & Andrew Spicer, 2020. "Business and Society Research in Times of the Corona Crisis," Post-Print hal-03141802, HAL.
    21. Sherry A. Maykrantz & Luke A. Langlinais & Jeffery D. Houghton & Christopher P. Neck, 2021. "Self-Leadership and Psychological Capital as Key Cognitive Resources for Shaping Health-Protective Behaviors during the COVID-19 Pandemic," Administrative Sciences, MDPI, vol. 11(2), pages 1-14, April.
    22. Pedro-José Martínez-Córdoba & Víctor Amor-Esteban & Bernardino Benito & Isabel-María García-Sánchez, 2021. "The Commitment of Spanish Local Governments to Sustainable Development Goal 11 from a Multivariate Perspective," Sustainability, MDPI, vol. 13(3), pages 1-15, January.
    23. Filippo Vitolla & Nicola Raimo & Michele Rubino & Antonello Garzoni, 2019. "How pressure from stakeholders affects integrated reporting quality," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 26(6), pages 1591-1606, 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. Ricciardelli, Alessandra & Raimo, Nicola & Manfredi, Francesco & Vitolla, Filippo, 2021. "Sustainability of Urban Regeneration Projects in Resilient Cities: a Multiple Case Study," EconStor Conference Papers 246779, ZBW - Leibniz Information Centre for Economics.
    2. Jing Lu & Kathleen Rodenburg & Lianne Foti & Ann Pegoraro, 2022. "Are firms with better sustainability performance more resilient during crises?," Business Strategy and the Environment, Wiley Blackwell, vol. 31(7), pages 3354-3370, November.
    3. Nicola Raimo & Pedro-José Martínez-Córdoba & Bernardino Benito & Filippo Vitolla, 2021. "The Impact of the COVID-19 Pandemic on the Labor Market: An Analysis of Supply and Demand in the Spanish Municipalities," Sustainability, MDPI, vol. 13(23), pages 1-12, November.
    4. Aymen Sajjad & Gabriel Eweje, 2021. "The COVID-19 Pandemic: Female Workers’ Social Sustainability in Global Supply Chains," Sustainability, MDPI, vol. 13(22), pages 1-14, November.
    5. Metsiou Anastasia & Broni Georgia & Papachristou Eleni & Kiki Magdalini, 2023. "Business Ethics Covid and War in the Center of Lignite Production," Journal of Finance and Investment Analysis, SCIENPRESS Ltd, vol. 12(1), pages 1-2.
    6. João Tomaz Simões & Jakson Renner Rodrigues Soares & Xosé M. Santos, 2023. "A Conceptual Framework Proposal Regarding the Engagement of Hotels in the Modern Fight against Unsustainable Food Practices," Sustainability, MDPI, vol. 15(9), pages 1-20, April.
    7. Simona Aurelia BODOG & Nicoleta Alina ANDREESCU, 2021. "Particularities Of Csr Programs During The Covid-19 Pandemic," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 30(2), pages 329-335, December.
    8. Nicola Cucari & Ilaria Tutore & Raffaella Montera & Sofia Profita, 2023. "A bibliometric performance analysis of publication productivity in the corporate social responsibility field: Outcomes of SciVal analytics," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 30(1), pages 1-16, January.
    9. Fridolin Simon Brand & Richard Blaese & Giulia Weber & Herbert Winistoerfer, 2022. "Changes in Corporate Responsibility Management during COVID-19 Crisis and Their Effects on Business Resilience: An Empirical Study of Swiss and German Companies," Sustainability, MDPI, vol. 14(7), pages 1-18, March.

    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. Nicola Raimo & Filippo Vitolla & Valentina Minutiello & Arcangelo Marrone & Patrizia Tettamanzi, 2022. "Readability of integrated reports: Evidence from worldwide adopters," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 29(3), pages 524-534, May.
    2. Nicola Raimo & Alessandra Caragnano & Marianna Zito & Filippo Vitolla & Massimo Mariani, 2021. "Extending the benefits of ESG disclosure: The effect on the cost of debt financing," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 28(4), pages 1412-1421, July.
    3. Yanqi Sun, 2023. "Can the innovation in sustainability disclosures reflect organisational sustainable development? An integrated reporting perspective from China," Sustainable Development, John Wiley & Sons, Ltd., vol. 31(3), pages 1668-1680, June.
    4. Filippo Vitolla & Nicola Raimo & Arcangelo Marrone & Michele Rubino, 2020. "The role of board of directors in intellectual capital disclosure after the advent of integrated reporting," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 27(5), pages 2188-2200, September.
    5. Vitiana L'Abate & Filippo Vitolla & Paolo Esposito & Nicola Raimo, 2023. "The drivers of sustainability disclosure practices in the airport industry: A legitimacy theory perspective," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 30(4), pages 1903-1916, July.
    6. Nicola Raimo & Michele Rubino & Paolo Esposito & Filippo Vitolla, 2023. "Measuring quality of popular annual financial reports: Features of the rewarded US reporting municipalities," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 30(1), pages 17-27, January.
    7. Salvi, Antonio & Vitolla, Filippo & Rubino, Michele & Giakoumelou, Anastasia & Raimo, Nicola, 2021. "Online information on digitalisation processes and its impact on firm value," Journal of Business Research, Elsevier, vol. 124(C), pages 437-444.
    8. Nicola Raimo & Filippo Vitolla & Arcangelo Marrone & Michele Rubino, 2021. "Do audit committee attributes influence integrated reporting quality? An agency theory viewpoint," Business Strategy and the Environment, Wiley Blackwell, vol. 30(1), pages 522-534, January.
    9. L'Abate, Vitiana & Raimo, Nicola & Vitolla, Filippo, 2023. "Circular Economy Disclosure through Social Media: An Empirical Analysis on Twitter," EconStor Conference Papers 279493, ZBW - Leibniz Information Centre for Economics.
    10. Isabel-María García-Sánchez & Nicola Raimo & Víctor Amor-Esteban & Filippo Vitolla, 2023. "Board committees and non-financial information assurance services," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 27(1), pages 1-42, March.
    11. Raimo, Nicola & Zito, Marianna & Caragnano, Alessandra, 2020. "Firm Characteristics and Corporate Governance Disclosure in Integrated Reports," EconStor Conference Papers 224760, ZBW - Leibniz Information Centre for Economics.
    12. Isabel-María García-Sánchez & Nicola Raimo & Arcangelo Marrone & Filippo Vitolla, 2020. "How Does Integrated Reporting Change in Light of COVID-19? A Revisiting of the Content of the Integrated Reports," Sustainability, MDPI, vol. 12(18), pages 1-11, September.
    13. Appel Mahmud & Donghong Ding & Md. Morshadul Hasan, 2021. "Corporate Social Responsibility: Business Responses to Coronavirus (COVID-19) Pandemic," SAGE Open, , vol. 11(1), pages 21582440209, January.
    14. Masahiro Hosoda, 2022. "Adoption of integrated reporting and changes to internal mechanisms in Japanese companies," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 29(2), pages 421-434, March.
    15. Stefania Veltri & Antonella Silvestri, 2020. "The value relevance of corporate financial and nonfinancial information provided by the integrated report: A systematic review," Business Strategy and the Environment, Wiley Blackwell, vol. 29(8), pages 3038-3054, December.
    16. Valentina Minutiello & Patrizia Tettamanzi, 2022. "The quality of nonfinancial voluntary disclosure: A systematic literature network analysis on sustainability reporting and integrated reporting," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 29(1), pages 1-18, January.
    17. Patrick Velte, 2022. "Archival research on integrated reporting: a systematic review of main drivers and the impact of integrated reporting on firm value," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 26(3), pages 997-1061, September.
    18. Luca Leukhardt & Michel Charifzadeh & Fabian Diefenbach, 2022. "Does integrated reporting quality matter to capital markets? Empirical evidence from voluntary adopters," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 29(5), pages 1482-1494, September.
    19. Kar Shun Wong & Azlan Amran & Ei Yet Chu, 2023. "Institutional antecedents of integrated reporting quality: The moderating role of board independence," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 30(2), pages 621-640, March.
    20. Salvi, Antonio & Vitolla, Filippo & Giakoumelou, Anastasia & Raimo, Nicola & Rubino, Michele, 2020. "Intellectual capital disclosure in integrated reports: The effect on firm value," Technological Forecasting and Social Change, Elsevier, vol. 160(C).

    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:13:y:2021:i:12:p:6561-:d:571372. 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.