Identyfikatory
Warianty tytułu
Języki publikacji
Abstrakty
of action; namely, “corporate sustainability.” Corporate social responsibility can be embedded in (or fostered by) value-based management. In any case, adopting CSR as a part of a firm’s strategy and operations requires changed standards for decision-making. Decision-makers face the challenge of following tangible and intangible goals of multiple stakeholders. This study provides insights into how multi-criteria decision tools can be harnessed to operationalize CSR. The method applied in the article is a systematic international literature review. The findings suggest that papers aimed at using MCDM to enhance CSR management are mostly newer publications. Three important research avenues have emerged. In the first avenue, MCDMs are seen and used to enhance managerial decisions where a number of heterogenic goals must be achieved. The second avenue is where MCDMs are seen and used to evaluate a firm’s quantitative and qualitative outcomes in terms of values created for multiple stakeholders. The third trend is connected with sustainable supply-chain management.
Wydawca
Czasopismo
Rocznik
Tom
Strony
63--86
Opis fizyczny
Bibliogr. 98 poz., tab.
Twórcy
autor
- University of Economics in Katowice, Faculty of Finance and Insurance, Department of Corporate Finance and Insurance
Bibliografia
- [1] Achabou, M., Dekhili, S. and Hamdoun, M. (2015) ‘Environmental Upgrading of Developing Country Firms in Global Value Chains’, Business Strategy and the Environment, vol. 1(1), pp. 1–20.
- [2] Ameels, A., Bruggeman, W. and Scheipers, G. (2002) Value-based management control processes to create value through integration: a literature review, Leuven: Vlerick School voor Management.
- [3] Aravossis, K., Panayiotou, N. and Tsousi, K. (2006) ‘A proposed methodological framework for the evaluation of corporate social responsibility’, Environmental Economics and Investment Assessment, vol. 98, pp. 87–95.
- [4] Asenjo, M. and Bueno, M. (2015), ‘Jerarquización de competencias para favorecer la implantación de responsabilidad social corporativa’, Opción, vol. 31(1), pp. 429–440.
- [5] Asher, C., Mahoney, J.M. and Mahoney, J.T. (2005) ‘Towards a property rights foundation for a stakeholder theory of the firm’, Journal of Management & Governance, 9(1), pp. 5–32.
- [6] Benabou, R. and Tirole, J. (2010) ‘Individual and Corporate Social Responsibility', Economica, vol. 77, pp. 1–24.
- [7] Braat, L. and Groot, R. de (2012) ‘The ecosystem services agenda: bridging the worlds of natural science and economics, conservation and development, and public and private policy’, Ecosystem Services, vol. 1(1), pp. 4–15.
- [8] Buchert, T., Neugebauer, S., Schenker, S., Lindow, K. and Stark, R. (2015) ‘Multi-criteria decision making as a tool for sustainable product development – Benefits and obstacles’, Procedia CIRP, vol. 26, pp. 70–75.
- [9] Burkert, M. and Lueg, R. (2013) ‘Differences in the sophistication of Valuebased Management – The role of top executives’, Management Accounting Research, vol. 24(1), pp. 3–22.
- [10] Callicott, J. (1984) ‘Non-anthropocentric value theory and environmental ethics’, American Philosophical Quarterly, vol. 21(4), pp. 299–309.
- [11] Carnero, M. (2015) ‘Assessment of environmental sustainability in health care organizations’, Sustainability, vol. 7(7), pp. 8270–8291.
- [12] Carroll, A. (1999) ‘Corporate social responsibility evolution of a definitional construct’, Business & Society, vol. 38(3), pp. 268–295.
- [13] Chang, K. (2015) ‘A hybrid program projects selection model for nonprofit TV stations’, Mathematical Problems in Engineering, vol. 2015, pp. 1–15.
- [14] Chang, Y. and Yeh, C. (2016) ‘Managing corporate social responsibility strategies of airports: The case of Taiwan’s Taoyuan International Airport Corporation’, Transportation Research Part A: Policy and Practice, vol. 92, pp. 338–348.
- [15] Chen, S. and Bu, M. (2013) ‘Evaluation the Environmental Awareness of Listed Companies by FAHP’, Advanced Materials Research, vol. 790, pp. 707–711.
- [16] Chen, S. and Fan, J. (2011) ‘Measuring corporate social responsibility based on a fuzzy analytical hierarchy proces’, International Journal of Computer Network and Information Security, vol. 3(5), pp. 13–34.
- [17] Chenhall, R. (2006) ‘The contingent design of performance measures’, Contemporary Issues in Management Accounting, vol. 1(9), pp. 92–117.
- [18] Colle, S. de, Henriques, A. and Sarasvathy, S. (2014) ‘The paradox of corporate social responsibility standards’, Journal of Business Ethics, vol. 125(2), pp. 177–191.
- [19] Connors, S., Anderson-MacDonald, S. and Thomson, M. (2015) ‘Overcoming the “Window Dressing’Effect”: Mitigating the Negative Effects of Inherent Skepticism Towards Corporate Social Responsibility’, Journal of Business Ethics, pp. 1–23.
- [20] Costa, R. and Menichini, T. (2013) ‘A multidimensional approach for CSR assessment: the importance of the stakeholder perception’, Expert Systems with Applications, vol. 40(1), pp. 150–161.
- [21] Crespo, A. and Bosque, I. del (2005) ‘Influence of corporate social responsibility on loyalty and valuation of services’, Journal of Business Ethics, vol. 61(4), pp. 369–385.
- [22] Cruz, J. (2009) ‘The impact of corporate social responsibility in supply chain management: Multicriteria decision-making approach’, Decision Support Systems, vol. 48(1), pp. 224–236.
- [23] Cruz, J. (2013) ‘Modeling the relationship of globalized supply chains and corporate social responsibility’, Journal of Cleaner Production, vol. 56, pp. 73–85.
- [24] Cuesta González, M. de la, Pardo Herrasti, E. and Paredes Gázquez, J. (2015) ‘Identification of Relevant Indicators of CSR Performance Through the Use of Multi-Criteria Techniques’, Innovar, vol. 25(55), pp. 75–88.
- [25] Doukas, H., Tsiousi, A., Marinakis, V. and Psarras, J. (2014) ‘Linguistic multicriteria decision making for energy and environmental corporate policy’, Information Sciences, vol. 258, pp. 328–338.
- [26] Dreyer, L., Hauschild, M. and Schierbeck, J. (2010) ‘Characterisation of social impacts in LCA’, The International Journal of Life Cycle Assessment, vol. 15(3), pp. 247–259.
- [27] Epstein, M. and Buhovac, A. (2014) Making sustainability work: Best practices in managing and measuring corporate social, environmental, and economic impacts, Oakland: Berrett-Koehler Publishers,.
- [28] Esteves, A. (2008) ’Mining and social development: Refocusing community investment using multi-criteria decision analysis’, Resources Policy, vol. 33 (1), pp. 39–47.
- [29] Figueira, J., Mousseau, V. and Roy, B. (2016) ELECTRE Methods in Multiple Criteria Decision Analysis, New York: Springer.
- [30] Firk, S., Schrapp, S. and Wolff, M. (2016) ‘Drivers of value creation – The role of value-based management and underlying institutions’, Management Accounting Research, vol. 33, pp. 42–60.
- [31] Flammer, C. (2015) ‘Does corporate social responsibility lead to superior financial performance? A regression discontinuity approach’, Management Science, vol. 61(11), pp. 2549–2568.
- [32] Flannery, M., Kwan, S. and Nimalendran, M. (2013) ‘The 2007–2009 financial crisis and bank opaqueness’, Journal of Financial Intermediation, vol. 22(1), pp. 55–84.
- [33] Franzen, A. and Meyer, R. (2010) ‘Environmental attitudes in cross-national perspective: A multilevel analysis of the ISSP 1993 and 2000’, European Sociological Review, vol. 26(2), pp. 219–234.
- [34] Freeman, R. (1984) Strategic management: A stakeholder approach, Boston: Pitman.
- [35] Friedman, M. (1970) ‘The Social Responsibility of Business is to Increase its Profits’, The New York Times Magazine, September 13, 1970.
- [36] García-Melón, M., Pérez-Gladish, B., Gómez-Navarro, T. and Mendez-Rodriguez, P. (2016) ‘Assessing mutual funds’ corporate social responsibility: a multistakeholder-AHP based methodology’, Annals of Operations Research, vol. 1, pp. 1–29.
- [37] Garriga, E. and Melé, D. (2004) ‘Corporate social responsibility theories: Mapping the territory’, Journal of Business Ethics, vol. 53(1–2), pp. 51–71.
- [38] Gencer, C. and Gürpinar, D. (2007) ‘Analytic network process in supplier selection: A case study in an electronic firm’, Applied Mathematical Modelling, vol. 31(11), pp. 2475–2486.
- [39] Govindan, K., Khodaverdi, R. and Jafarian, A. (2013) ‘A fuzzy multi criteria approach for measuring sustainability performance of a supplier based on triple bottom line approach’, Journal of Cleaner Production, vol. 47, pp. 345–354.
- [40] Grinols, E. and Mustard, D. (2001) ‘Business profitability versus social profitability: Evaluating industries with externalities, the case of casinos’, Managerial and Decision Economics, vol. 22(1–3), pp. 143–162.
- [41] Guoliang, Z. and Sijing, C. (2010) ‘The application of fuzzy comprehensive evaluation and Topsis approach to selection of optimum underground mining method’, The 2nd International Conference on Information Science and Engineering, pp. 6233–6237.
- [42] Hagendorff, J. and Vallascas, F. (2011) ‘CEO pay incentives and risk-taking: Evidence from bank acquisitions’, Journal of Corporate Finance, vol. 17(4), pp. 1078–1095.
- [43] Hahn, G. and Kuhn, H. (2012) ‘Designing decision support systems for value-based management: A survey and an architecture’, Decision Support Systems, vol. 53(3), pp. 591–598.
- [44] Harris, J. and Bromiley, P. (2007) ‘Incentives to cheat: The influence of executive compensation and firm performance on financial misrepresentation’, Organization Science, vol. 18(3), pp. 350–367.
- [45] Huang, S. and Qin, X. (2010) ‘Cooperate performance evaluation and empirical study on added value’ 2010 Chinese Control and Decision Conference, pp. 2161–2166.
- [46] Huo, Y. (2012) ‘Supply Chain Network Equilibrium Model Based on Corporate Social Responsibility with Multicriteria under the Revenue-Sharing Contract’, Advanced Materials Research, vol. 452, pp. 282–288.
- [47] Ittner, C. and Larcker, D. (2001) ‘Assessing empirical research in managerial accounting: a value-based management perspective’, Journal of Accounting and Economics, vol. 32(1), pp. 349–410.
- [48] Jensen, M. (2002) ‘Value maximization, stakeholder theory, and the corporate objective function’, Business Ethics Quarterly, vol. 12(2), pp. 235–256.
- [49] Jin, H. (2011) ‘A Supply Chain Network Equilibrium Model Based on CorporateSocial Responsibility with Multicriteria’, Computational Intelligence and Design (ISCID), 2011 Fourth International Symposium, pp. 193–197.
- [50] Jindal, A. and Sangwan, K. (2016) ‘A fuzzy-based decision support framework for product recovery process selection in reverse Logistics’, International Journal of Services and Operations Management, vol. 25(4), pp. 413–439.
- [51] Karlik, A., Veyg, N. and Shirokov, A. (2016) ‘Consistency of enterprise real value measurement results when applying the analytic hierarchy process’, Soft Computing and Measurements, vol. 15, pp. 456–458.
- [52] Karthik, B., Raut, R., Kamble, S., Kharat, M. and Kamble, S.J. (2015) ‘Decision support system framework for performance based evaluation and ranking system of carry and forward agents’, Strategic Outsourcing: An International Journal, vol. 8(1), pp. 23–52.
- [53] Kasiewicz, S. (2009) ‘Koncepcja zarządzania wartością jako źródło kryzysu finansowego’, Finansowanie Nieruchomości, vol. 20, pp. 1–13.
- [54] Koerber, C. (2009) ‘Corporate responsibility standards: Current implications and future possibilities for peace through commerce’, Journal of Business Ethics, vol. 89(4), pp. 461–480.
- [55] Kudełko, M. (2013) ‘Szacunek kosztów zewnętrznych powodowanych przez planowane elektrownie wykorzystujące złoża węgla brunatnego Legnica i Gubin oraz krajowy sektor energetyczny’, Polityka Energetyczna, vol. 16(2), pp. 67–84.
- [56] Lamata, M., Liern, V. and Pérez-Gladish, B. (2016) ‘Doing good by doing well: a MCDM framework for evaluating corporate social responsibility attractiveness’, Annals of Operations Research, vol. 1, pp. 1–18.
- [57] Liyanage, J. and Kumar, U. (2003) ‘Towards a value-based view on operations and maintenance performance management’, Journal of Quality in Maintenance Engineering, vol. 9(4), pp. 333–350.
- [58] Lueg, R. and Schäffer, U. (2010) ‘Assessing empirical research on value-based management: Guidelines for improved hypothesis testing’, Journal für Betriebswirtschaft, vol. 60(1), pp. 1–47.
- [59] Malik, M. (2015) ‘Value-enhancing capabilities of CSR: A brief review of contemporary literature’, Journal of Business Ethics, vol. 127(2), pp. 419–438.
- [60] Malmi, T. and Ikäheimo, S. (2003) ‘Value based management practices – some evidence from the field’, Management Accounting Research, vol. 14(3), pp. 235–254.
- [61] Manente, M., Minghetti, V., Mingotto, E. and Casarin, F. (2014) ‘Consumer confidence in responsible tourism: How business reporting systems can encourage respectful behaviour’, Handbook of research on consumerism in business and marketing: Concepts and practices, IGI Global, Hershey, pp. 234–285.
- [62] Manente, M., Minghetti, V. and Mingotto, E. (2015) Corporate Social Responsibility in the Tourism Industry: How to Improve CSR through Reporting Systems, in Tourism and Leisure, Wiesbaden: Springer Fachmedien.
- [63] Maon, F., Lindgreen, A. and Swaen, V. (2010) ‘Organizational stages and cultural phases: A critical review and a consolidative model of corporate social responsibility development’, International Journal of Management Reviews, vol. 12(1), pp. 20–38.
- [64] Mardani, A., Jusoh, A. and Zavadskas, E. (2015) ‘Fuzzy multiple criteria decision-making techniques and applications – Two decades review from 1994 to 2014’, Expert Systems with Applications, vol. 42(8), pp. 4126–4148.
- [65] Matten, D. and Moon, J. (2008) ‘«Implicit» and «explicit» CSR: a conceptual framework for a comparative understanding of corporate social responsibility’, Academy of Management Review, vol. 33(2), pp. 404–424.
- [66] Merad, M., Dechy, N., Marcel, F. and Linkov, I. (2013) ‘Multiple-criteria decision-aiding framework to analyze and assess the governance of sustainability’, Environment Systems and Decisions, vol. 33(2), pp. 305–321.
- [67] Mousavi, S., Tavakkoli-Moghaddam, R., Heydar, M. and Ebrahimnejad, S. (2013) ‘Multi-criteria decision making for plant location selection: An integrated Delphi–AHP–PROMETHEE methodology’, Arabian Journal for Science and Engineering, vol. 38(5), pp. 1255–1268.
- [68] Oliver, C. (1996) ‘The institutional embeddedness of economic activity’, Advances in Strategic Management, vol. 13, pp. 163–186.
- [69] Ostrom, E. (2014) ‘Collective action and the evolution of social norms’, Journal of Natural Resources Policy Research, vol. 6(4), pp. 235–252.
- [70] Palazzo, G. and Scherer, A. (2006) ‘Corporate legitimacy as deliberation: A communicative framework’, Journal of Business Ethics, vol. 66(1), pp. 71–88.
- [71] Petrillo, A., De Felice, F., García-Melón, M. and Pérez-Gladish, B. (2016) ‘Investing in socially responsible mutual funds: Proposal of non-financial ranking in Italian market’, Research in International Business and Finance, vol. 37, pp. 541–555.
- [72] Pirson, M. (2013) ‘Towards a Humanistic Management Paradigm: a step back to embrace the future?’, Fordham University Schools of Business Research Paper, vol. 13-02, pp. 34–40.
- [73] Pohekar, S. and Ramachandran, M. (2004) ‘Application of multi-criteria decision making to sustainable energy planning – a review’, Renewable and Sustainable Energy Reviews, vol. 8(4), pp. 365–381.
- [74] Raut, R., Kamble, S., Kharat, M. and Kamble, S. (2015) ‘Decision support system framework for performance based evaluation and ranking system of carry and forward agents’, Strategic Outsourcing: An International Journal, vol. 8(1), pp. 23–52.
- [75] Roszkowska, E. (2011) ‘Multi-criteria decision making models by applying the TOPSIS method to crisp and interval data’, Multiple Criteria Decision Making/University of Economics in Katowice, vol. 6, pp. 200–230.
- [76] Ryan, H. and Trahan, E. (2007) ‘Corporate Financial Control Mechanisms and Firm Performance: The Case of Value-Based Management Systems’, Journal of Business Finance & Accounting, vol. 34(1–2), pp. 111–138.
- [77] Sardinha, I., Carolino, J., Mendes, I. and Matos, P. (2010) ‘The REHMINE research project: the threefold value of Sa~o Domingos abandoned mine rehabilitation in southern Portugal’, WIT Transactions on Ecology and the Environment, vol. 141, pp. 89–102.
- [78] Scherer, A. and Palazzo, G. (2011) ‘The new political role of business in a globalized world: A review of a new perspective on CSR and its implications for the firm, governance, and democracy’, Journal of Management Studies, vol. 48(4), pp. 899–931.
- [79] Shanmugam, K., Lakshmi, P. and Visalakshmi, S. (2015) ‘Employing multicriteria decision making in examining CSR initiatives’, International Journal of Business Innovation and Research, vol. 9(1), pp. 115–132.
- [80] Shen, J., Liu, Y. and Tzeng, Y. (2012) ‘The Cluster-Weighted DEMATEL with ANP Method for Supplier Selection in Food Industry’, JACIII, vol. 16(5), pp. 567–575.
- [81] Sivakumar, R., Kannan, D. and Murugesan, P. (2015) ‘Green vendor evaluation and selection using AHP and Taguchi loss functions in production outsourcing in mining industry’, Resources Policy, vol. 46, pp. 64–75.
- [82] Spronk, J., Steuer, R. and Zopounidis, C. (2016) ‘Multicriteria decision aid/ analysis in finance’ in Greco, S., Ehrgott, M. and Figueira, J. (eds.) Multiple Criteria Decision Analysis, New York: Springer, pp. 1011–1065.
- [83] Srisuphaolarn, P. (2013) ‘From altruistic to strategic CSR: how social value affected CSR development – a case study of Thailand’, Social Responsibility Journal, vol. 9(1), pp. 56–77.
- [84] Stankova, S. (2015) ‘Assessment of Corporate Social Performance Based on MCDM Methods’, 9th European Conference on IS Management and Evaluation: ECIME 2015, Academic Conferences and Publishing Limited, pp. 275–287.
- [85] Steuer, R. and Na, P. (2003) ‘Multiple criteria decision making combined with finance: A categorized bibliographic study’, European Journal of Operational Research, vol. 150(3), pp. 496–515.
- [86] Tang, Z., Hull, C.E. and Rothenberg, S. (2012) ‘How corporate social responsibility engagement strategy moderates the CSR–financial performance relationship’, Journal of Management Studies, vol. 49(7), pp. 1274–1303.
- [87] Taylor, T. (2014) ‘Demonstrating Social Responsibility in Water Management Decisions’, Unconventional Resources Technology Conference (URTEC).
- [88] The KPMG Survey of Corporate Responsibility Reporting 2011.
- [89] The KPMG Survey of Corporate Responsibility Reporting 2013.
- [90] Triantaphyllou, E. (2013) Multi-criteria decision making methods: A comparative study, Applied Optimization, vol. 44, Baton Rouge: Springer Science & Business Media.
- [91] Wang, X. and Pan, Y. (2014) ‘Research On Supplier Evaluation And Selection Of Green Procurement’, International Conference on Logistics Engineering, Management and Computer Science (LEMCS 2014), Shenyang, Atlantis Press, pp. 351–354.
- [92] Wang, Q., Wu, C. and Sun, Y. (2015) ‘Evaluating corporate social responsibility of airlines using entropy weight and grey relation analysis’, Journal of Air Transport Management, vol. 42, pp. 55–62.
- [93] Wood, D.J. (2010) ‘Measuring corporate social performance: A review’, International Journal of Management Reviews, vol. 12(1), pp. 50–84.
- [94] Venturelli, A., Caputo, F., Leopizzi, R., Mastroleo, G. and Mio, C. (2017) ‘How can CSR identity be evaluated? A pilot study using a Fuzzy Expert System’, Journal of Cleaner Production, vol. 141, pp. 1000–1010.
- [95] Zavadskas, E., Turskis, Z. and Kildiene˙, S. (2014) ‘State of art surveys of overviews on MCDM/MADM methods’, Technological and Economic Development of Economy, vol. 20(1), pp. 165–179.
- [96] Zeidan, R., Boechat, C. and Fleury, A. (2015) ‘Developing a sustainability credit score system’, Journal of Business Ethics, vol. 127(2), pp. 283–296.
- [97] Zhao, Y., Zu, B., Li, Z. and Li, C. (2014) ‘Corporate social responsibility assessment: A multi-dimensional and dynamic perspective’, Mining Technology, vol. 123 (4), pp. 230–239.
- [98] Zhao, H. and Li, N. (2015) ‘Evaluating the performance of thermal power enterprises using sustainability balanced scorecard, fuzzy Delphic and hybrid multi-criteria decision making approaches for sustainability’, Journal of Cleaner Production, vol. 108, pp. 569–582.
Typ dokumentu
Bibliografia
Identyfikator YADDA
bwmeta1.element.baztech-5f51ef3e-d046-43a3-86b5-eb7429f952d8