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Corporate CSR practices and corporate performance: managerial implications for sustainable development

Author

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  • Sarfaraz Javed

    (Mazoon University College)

  • Uvesh Husain

    (Mazoon University College)

Abstract

This study analyses the environmental and social management practices' impact on the organisations' economic performance via the mediating role of social and environmental performance. Moreover, it investigates the impact of social and environmental performance on economic performance through the moderating impact of financial conditions. The primary data are collected through a survey-based questionnaire technique from the manufacturing sector of Oman. Data analysed through the confirmatory factor analysis and the application of structural equation modelling. Findings have suggested that environmental management practices and social management practices positively impact economic performance and that social and environmental performance have mediating effects. Further, the financial condition impacts social performance and economic performance but has an insignificant relation as a moderator between environmental performance and economic performance. These findings would aid the managers to construct meticulous policies for the sustainable growth of the organisations. Moreover, the manufacturing sector policymakers need to adopt EMP and apply social management practices to garner sustainable economic performance. This study has a significant contribution to the literature by highlighting the mediating effect of social and environmental performance and moderating the impact of financial conditions on the corporate sector's performance.

Suggested Citation

  • Sarfaraz Javed & Uvesh Husain, 2021. "Corporate CSR practices and corporate performance: managerial implications for sustainable development," DECISION: Official Journal of the Indian Institute of Management Calcutta, Springer;Indian Institute of Management Calcutta, vol. 48(2), pages 153-164, June.
    • Handle: RePEc:spr:decisn:v:48:y:2021:i:2:d:10.1007_s40622-021-00274-w
    DOI: 10.1007/s40622-021-00274-w
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    References listed on IDEAS

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    1. Rupert J. Baumgartner, 2014. "Managing Corporate Sustainability and CSR: A Conceptual Framework Combining Values, Strategies and Instruments Contributing to Sustainable Development," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 21(5), pages 258-271, September.
    2. Thi Tam Le & Thi Mai Anh Nguyen & Thi Thu Hien Phan, 2019. "Environmental Management Accounting and Performance Efficiency in the Vietnamese Construction Material Industry—A Managerial Implication for Sustainable Development," Sustainability, MDPI, vol. 11(19), pages 1-32, September.
    3. Nicola Cucari & Ewa Wankowicz & Mario Calabrese, 2019. "Corporate Social and Environmental Responsibility in the Diamond Supply Chain," CSR, Sustainability, Ethics & Governance, in: Shame Mugova & Paul R. Sachs (ed.), Opportunities and Pitfalls of Corporate Social Responsibility, pages 73-99, Springer.
    4. Priyanka Garg, 2016. "CSR and corporate performance: evidence from India," DECISION: Official Journal of the Indian Institute of Management Calcutta, Springer;Indian Institute of Management Calcutta, vol. 43(4), pages 333-349, December.
    5. Shafat Maqbool, 2019. "Does corporate social responsibility lead to superior financial performance? Evidence from BSE 100 index," DECISION: Official Journal of the Indian Institute of Management Calcutta, Springer;Indian Institute of Management Calcutta, vol. 46(3), pages 219-231, September.
    6. Samuel Adomako & Albert Danso & John Ofori Damoah, 2016. "The moderating influence of financial literacy on the relationship between access to finance and firm growth in Ghana," Venture Capital, Taylor & Francis Journals, vol. 18(1), pages 43-61, January.
    7. Sarfaraz Javed & Uvesh Husain & Muhammad Shafiullah, 2020. "An ARDL investigation on the nexus of oil factors and economic growth: A timeseries evidence from Sultanate of Oman," Cogent Economics & Finance, Taylor & Francis Journals, vol. 8(1), pages 1838418-183, January.
    8. Viesi, Diego & Pozzar, Francesca & Federici, Alessandro & Crema, Luigi & Mahbub, Md Shahriar, 2017. "Energy efficiency and sustainability assessment of about 500 small and medium-sized enterprises in Central Europe region," Energy Policy, Elsevier, vol. 105(C), pages 363-374.
    9. R. Anthony Inman & Kenneth W. Green, 2018. "Lean and green combine to impact environmental and operational performance," International Journal of Production Research, Taylor & Francis Journals, vol. 56(14), pages 4802-4818, July.
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    Cited by:

    1. Chao Ma & Mazhar Farid Chishti & Muhammad Kashif Durrani & Rizwana Bashir & Sofia Safdar & Rana Tanveer Hussain, 2023. "The Corporate Social Responsibility and Its Impact on Financial Performance: A Case of Developing Countries," Sustainability, MDPI, vol. 15(4), pages 1-18, February.
    2. Abedalqader Rababah & Sarfaraz Javed & Azam Malik, 2022. "Is Social Capital a Key Factor to enhance Firm’s Performance via Manager’s Intangible Capabilities?," IIM Kozhikode Society & Management Review, , vol. 11(2), pages 207-221, July.
    3. Rui Ma & Jacob Cherian & Wen-Hsien Tsai & Muhammad Safdar Sial & Li Hou & Susana Álvarez-Otero, 2021. "The Relationship of Corporate Social Responsibility on Digital Platforms, Electronic Word-of-Mouth, and Consumer-Company Identification: An Application of Social Identity Theory," Sustainability, MDPI, vol. 13(9), pages 1-17, April.

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