Corporate social responsibility and the life cycle of brazilian companies
DOI:
https://doi.org/10.21680/2176-9036.2022v14n2ID24672Keywords:
Corporate social responsibility. Life cycle. Life stagesAbstract
Purpose: Analyze of the organizational life cycle on the performance in Corporate Social Responsibility of Brazilian companies.
Methodology: Were studied the organizations that are listed in B3 and present information in the CSRHub and Economatica® database, from 2014 to 2018. Data analysis was performed using descriptive statistics and multiple linear regression.
Results: The survey results indicate that the stage of life turbulence negatively influences CSR actions. While the stages of birth, growth, maturity and decline were not statistically significant. The turbulence stage represents a difficult moment for the company, marked by the decrease in sales and profitability, which may compromise the resources available to finance investments in CSR.
Contributions of the Study: The discourse and results of the study advance in the knowledge of which antecedent factors, such as the life cycle of companies, are capable of influencing the engagement of companies in CSR. In addition, the relationship between CSR and the life cycle is still little explored in the Brazilian literature, the study of this relationship can bring relevant contributions by presenting the way companies behave in the face of resource constraints.
Downloads
References
Aguilera, R. V., Rupp, D. E., Williams, C. A., & Ganapathi, J. (2007). Putting the s back in corporate social responsibility: A multilevel theory of social change in organizations. Academy of Management Review, 32(3), 836–863. Doi:10.5465/AMR.2007.252756.
Al-Hadi, A., Chatterjee, B., Yaftian, A., Taylor, G., & Hasan, M. M. (2019). Corporate social responsibility performance, financial distress and firm life cycle: evidence from Australia. Accounting and Finance, 59(2), 961–989. Doi:10.1111/acfi.12277.
Al-Shaer, H., & Zaman, M. (2016). Board gender diversity and sustainability reporting quality. Journal of Contemporary Accounting and Economics, 12(3), 210–222. Doi:10.1016/j.jcae.2016.09.001.
Almeida, T. A., Silva, J. D., & Oliveira, M. C. (2015). Responsabilidade Social Coporativa e a influência de aspectos do ambiente institucional: uma análise no setor bancário brasileiro. Revista Universo Contábil, 11(4), 44–62. Doi:10.4270/ruc.201543.
Arminen, H., Puumalainen, K., Pätäri, S., & Fellnhofer, K. (2018). Corporate social performance: inter-industry and international differences. Journal of Cleaner Production, 177, 426–437. Doi:10.1016/j.jclepro.2017.12.250.
Babie, E. (2005). Métodos de pesquisa de survey (3º ed). Belo Horizonte: UFMG.
Baraibar-Diez, E., & Sotorrío, L. L. (2018). O efeito mediador da transparência na relação entre responsabilidade social corporativa e reputação corporativa. Revista Brasileira de Gestao de Negocios, 20(1), 5–21. Doi:10.7819/rbgn.v20i1.3600.
Braune, E., Charosky, P., & Hikkerova, L. (2019). Corporate social responsibility, financial performance and risk in times of economic instability. Journal of Management and Governance, 23(4), 1007–1021. Doi:10.1007/s10997-019-09476-y.
Bulan, L. T., & Yan, Z. (2010). Firm Maturity and the Pecking Order Theory. International Journal of Business and Economics, 9(179–200). Doi:10.2139/ssrn.1760505.
Campbell, J. L. (2007). Why would corporations behave in socially responsible ways? An institutional theory of corporate social responsibility. Academy of Management Review, 32(3), 946–967. Doi:10.5465/AMR.2007.25275684.
Carroll, A. B., & Shabana, K. M. (2010). The business case for corporate social responsibility: A review of concepts, research and practice. International Journal of Management Reviews, 12(1), 85–105. Doi:10.1111/j.1468-2370.2009.00275.x.
Chinomona, E., & Omoruyi, O. (2016). The influence of CSR, innovation and supply chain partnership on firm competitiveness. Risk Governance and Control: Financial Markets and Institutions, 6(4), 345–354. Doi:10.22495/rgcv6i4c2art12.
Costa, W., Macedo, M., Yokoyama, K., & Almeida, J. (2017). The Determinants of the Life Cycle Stages of Brazilian Public Companies: A Study Based on Financial Accounting Variables. Brazilian Business Review, 14(3), 304–320. Doi:10.15728/bbr.2017.14.3.3.
Degenhart, L., Mazzuco, M. S. A., & Klann, R. C. (2017). Relevância das informações contábeis e a responsabilidade social corporativa de empresas brasileiras. BASE - Revista de Administração e Contabilidade da Unisinos, 14(3), 157–168. Doi:10.4013/base.2017.143.01.
Dickinson, V. (2011). Cash Flow Patterns as a Proxy for Firm Life Cycle. The accounting review, 86(6), 1969–1994.
Freitas, M. R. O., Santos, S. M., & Crisóstomo, V. L. (2018). Nível de abrangência da informação ambiental divulgada nos relatórios de sustentabilidade de empresas brasileiras com potencial de impacto ao meio ambiente. Revista Contabilidade e Controladoria, 10(3), 143-161. Doi:10.5380/rcc.v10i3.64099.
Fuente, J. A., García-Sánchez, I. M., & Lozano, M. B. (2017). The role of the board of directors in the adoption of GRI guidelines for the disclosure of CSR information. Journal of Cleaner Production, 141, 737–750. Doi:10.1016/j.jclepro.2016.09.155.
Gisbert, A., & Lunardi, V. (2012). The evolution of CSR across listed brazilian firms. Revista de Educação e Pesquisa em Contabilidade (REPeC), 6(1), 81–99.
Gup, & Agrrawal. (1996). The Product Life Cycle: A Paradigm for Understanding Financial Management. Financial Practice and Education, 41–48.
Hasan, M. M., & Habib, A. (2017). Corporate life cycle, organizational financial resources and corporate social responsibility. Journal of Contemporary Accounting and Economics, 13(1), 20–36. Doi:10.1016/j.jcae.2017.01.002.
Helfat, C. E., & Peteraf, M. A. (2003). The dynamic resource-based view: Capability lifecycles. Strategic Management Journal, 24(10), 997–1010. Doi:10.1002/smj.332.
Jiraporn, P., & Withisuphakorn, P. (2016). The effect of firm maturity on corporate social responsibility (CSR): Do older firms invest more in CSR? Pornsit Jiraporn. Applied Economics Letters, 23(4), 298–301.
Lester, D. L., Parnell, J. A., & Carraher, S. (2003). Organizational life cycle: a fivestage empirical scale. The International Journal of Organizational Analysis, 11(4), 339–354. Doi:10.1108/eb028979 Permanent.
Lin, L., Hung, P. H., Chou, D. W., & Lai, C. W. (2019). Financial performance and corporate social responsibility: Empirical evidence from Taiwan. Asia Pacific Management Review, 24(1), 61–71. Doi:10.1016/j.apmrv.2018.07.001.
McWilliams, A., & Siegel, D. (2001). Corporate social responsibility: A theory of the firm perspective. Academy of Management Review, 26(1), 117–127. Doi:10.5465/AMR.2001.4011987.
Miller, D., & Friesen, P. H. (1984). A longitudinal study of the corporate life cycle, 30(10), 1161–1183.
Moores, K., & Yuen, S. (2001). Management accounting systems and organizational configuration: A life-cycle perspective. Accounting, Organizations and Society, 26, 351–389. Doi:10.1016/S0361-3682(00)00040-4.
Murcia, F. D., & Santos, A. dos. (2009). Fatores determinantes do nível de disclosure voluntário das companhias abertas no Brasil. Revista de Educação e Pesquisa em Contabilidade, 3(2), 72–95. Doi:10.17524/repec.v3i2.68.
Pinheiro, R. W., Silva, W. A. C., & Araújo, E. A. T. (2013). Análise conjunta do ciclo de vida e da longevidade empresarial?: um enfoque em indústria, comércio e agronegócio. Revista de Negócios, 18(3), 37–57. Doi:10.7867/1980-An.
Rao, K., & Tilt, C. (2016). Board diversity and CSR reporting: an australian study. Meditary Accountancy Research, 24(2). Doi:http://dx.doi.org/10.1108/MRR-09-2015-0216.
Ricardo, V. S., Barcellos, S. S., & Bortolon, P. M. (2017). Relatório de sustentabilidade ou relato integrado das empresas listadas na BM&Fbovespa: fatores determinantes de divulgação. Revista de Gestao Social e Ambiental, 11(1), 90–104. Doi:10.24857/rgsa.v11i1.1233.
Rink, D. R., Roden, D. M., & Fox, H. W. (1999). Financial management and planning with the product life cycle concept. Business Horizons, 42(5), 65–72. Doi:10.1016/S0007-6813(99)80077-9.
Scott, M., & Bruce, R. (1987). Five stages of growth in small business. Long Range Planning, 20(3), 45–52. Doi:10.1016/0024-6301(87)90071-9.
Servaes, H., & Tamayo, A. (2013). The impact of corporate social responsibility on firm value: The role of customer awareness. Management Science, 59(5), 1045–1061. Doi:10.1287/mnsc.1120.1630.
Silva, V. M., & Lucena, W. G. L. (2019). Contabilidade ambiental: análise da participação no índice de sustentabilidade empresarial (ISE) e a rentabilidade das empresas listadas na [B]3. Revista Gestão & Tecnologia, 19(2), 109–125. Doi:10.20397/2177-6652/2019.v19i2.1563.
Steiner, G. A. (1969). Top management planning Macmillan. New York 1969 Quoted on page 481 of Project Management Handbook.
Udayasankar, K. (2008). Corporate Social Responsibility and Firm Size. Journal of Business Ethics, 83(2), 167–175. Doi:10.1007/s10551-007-9609-8.
Vaia, G., Bisogno, M., & Tommasetti, A. (2017). Investigating the relationship between the social and economic-financial performance. Applied Finance and Accounting, 3(1), 55. Doi:10.11114/afa.v3i1.2126.
Wang, T., & Bansal, P. (2012). Social responsibility in new ventures: profiting from a log-term orientation. Strategic Management Journal, 33, 1135–1153. Doi:10.1002/smj.
Yasser, Q. R., Al Mamun, A., & Ahmed, I. (2017). Corporate Social Responsibility and Gender Diversity: Insights from Asia Pacific. Corporate Social Responsibility and Environmental Management, 24(3), 210–221. Doi:10.1002/csr.1400.
Zhao, T., & Xiao, X. (2019). The impact of corporate social responsibility on financial constraints: Does the life cycle stage of a firm matter? International Review of Economics and Finance, 63, 76–93. Doi:10.1016/j.iref.2018.08.010.
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2022 REVISTA AMBIENTE CONTÁBIL - Universidade Federal do Rio Grande do Norte
This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.
Authors who publish in this magazine agree with the following terms:
Authors keep the copyrights and concede the right of its first publication to the magazine. The work piece must be simultaneously licensed on the Creative Commons Attribution Licence which allows the paper sharing, and preserves both the author identity and the right of first publication to this magazine.
Authors are authorized to assume additional contracts separately, to not-exclusively distribution of the paper version published in this magazine (e.g.: publish in institutional repository or as a book chapter), with the author identity recognition and its first publication in this magazine.
Authors are permitted and stimulated to publish and distribute their papers online (e.g.: in institutional repository or on their personal webpage), considering it can generate productive alterations, as well as increase the impact and the quotations of the published paper.
Creative Commons - Atribuição-NãoComercial-SemDerivações 4.0 Internacional.
Português (Brasil)
English
Español (España)
