Relationship between the Voluntary Instrument of CSR in the Textile Industry in the Czech Republic and Financial Performance

• Autorzy: Krause J.

Identyfikatory

DOI

10.5604/01.3001.0012.2524

Warianty tytułu

PL

Zależność między społeczną odpowiedzialnością przedsiębiorstw (CSR) w przemyśle włókienniczym w Republice Czeskiej a ich wynikami finansowymi

• Języki publikacji: EN

Abstrakty

EN

The paper deals with the relationship between an environmentally friendly approach on the part of companies and financial performance. The paper emphasises that corporate social responsibility is an important issue in the strategic management of companies. The paper examines companies in the textile industry with an environmentally friendly certification in the Czech Republic, and then compares their indicator of profitability with companies in the textile industry without this chosen certification. The Wilcoxon test and t-test are used for the comparison. No statistically significant differences are confirmed. The limitations of the research are also discussed in the article.

PL

W pracy omówiono zależność między przyjaznym środowisku podejściem przedsiębiorstw a ich wynikami finansowymi. W artykule podkreślono, że społeczna odpowiedzialność biznesu jest ważnym zagadnieniem w strategicznym zarządzaniu przedsiębiorstwami. W pracy przeanalizowano firmy z branży tekstylnej z certyfikatem przyjaznym dla środowiska w Republice Czeskiej, a następnie porównano ich wskaźnik rentowności z firmami z branży tekstylnej bez tej certyfikacji. Do porównania zastosowano test Wilcoxon’a i test t. Nie stwierdzono statystycznie istotnych różnic.

Słowa kluczowe

EN

corporate social responsibility; sustainable development; voluntary instruments; financial performance

PL

społeczna odpowiedzialność biznesu; rozwój zrównoważony; dobrowolne instrumenty; wyniki finansowe

• Wydawca: Sieć Badawcza Łukasiewicz - Łódzki Instytut Technologiczny
• Czasopismo: Fibres & Textiles in Eastern Europe
• Rocznik: 2018
• Tom: Vol. 26, no. 5 (131)
• Strony: 8--12
• Opis fizyczny: Bibliogr. 37 poz., rys., tab.

Twórcy

autor

Krause J.

• University of Economics, Faculty of Business Administration, Department of Strategy W. Churchill Sq. 1938/4 130 67 Prague 3 – Žizkov, Czech Republic

Bibliografia

• 1. Chandler D, Werther WB. Strategic Corporate Social Responsibility: Stakeholders, Globalization, and Sustainable Value Creation. Los Angeles: Sage; 2014.
• 2. Salciuviene L, Hopeniene R, Dovaliene A. Perceived corporate social responsibility and its implementation in practice: The case of Lithuanian small and medium-sized enterprises. Inż. Ekon.2016; 27(4): 479-490.
• 3. Peng MW. Global strategy. Nashville: South-Western; 2006.
• 4. Mintzberg H, Lampel J, Quinn JB, Ghoshal S. The Strategy Process: Concepts, Contexts, Cases. New Jersey: Pearson Education, Inc.; 2003.
• 5. Wit B D, Meyer R. Strategy: an international perspective. Andover: Cengage Learning; 2014.
• 6. Thompson AA, Strickland AJ. Strategic management: Concepts and cases. Homewood: BPI; 1987.
• 7. Carroll AB. The Pyramid of Corporate Social Responsibility: Toward the Moral Management of Organizational Stakeholders. Bus Horiz 1991; 34(4): 39-48.
• 8. Freeman RE, Reed D. Stockholders and stakeholders: A new perspective on corporate governance. Calif Manage Rev 1983; 25(3): 88-106.
• 9. Freeman RE, Harrison JS, Wicks, AC, Parman B, de Colle S. Stakeholder Theory: The State of the Art. Cambridge: Cambridge University Press; 2010a.
• 10. Freeman RE. Strategic Management: A Stakeholder Approach. Cambridge: Cambridge University Press; 2010b.
• 11. Avlonas N, Nassos GP. Practical sustainability strategies: how to gain a competitive advantage. Hoboken: John Wiley & Sons; 2014.
• 12. Johnson G, Whittington R, Scholes K. Exploring strategy: text and cases. Harlow: Financial Times/Prentice Hall; 2011.
• 13. Campbell D, Stonehouse G, Houston, B. Business strategy: an introduction. Oxford: Elsevier Butterworth-Heinemann; 2002.
• 14. Srpová J, Kunz V, Mísař J. Applying the principles of CSR in enterprises in the Czech Republic. Ekon a man 2012; 6(4): 44-57.
• 15. European Commission. Promoting a European framework for corporate social responsibility. Green Paper. 2001 [cited 2017 May 3]; Office for Official Publications of the European Communities. Available from: http://www.socialprotection.org/gimi/gess/ShowRessource.action?ressource.ressourceId=33473
• 16. Hyršlová J, Vnoučková L, Hájek M. The concept of sustainable development and competitiveness of enterprises in the chemical industry. Chem Listy 2015; 109(4): 317-336.
• 17. Hitchcock D, Willard M. The business guide to sustainability: practical strategies and tools for organizations. New York: Routledge; 2015.
• 18. Gligor-Cimpoieru DC, Munteanu VP. CSR Benefits and Costs in a Strategic Approach. The Univers of Craiova Ann J – Econ Scienc Series 2015; 43 (1): 96-105.
• 19. Kosinska B, Czerwinski K, Struszczyk MH. Safety and Labelling Requirements for Textile Products – Design and Use Aspects. FIBRES & TEXTILES in Eastern Europe 2014; 22, 2(104): 19-24.
• 20. Koszewska M. Social and Eco-labelling of Textile and Clothing Goods as Means of Communication and Product Differentiation. FIBRES & TEXTILES in Eastern Europe 2011; 19 ,4(87): 20-26.
• 21. Žurga Z, Tavčer PF. Apparel Purchasing with Consideration of Eco-labels among Slovenian Consumers. FIBRES & TEXTILES in Eastern Europe 2014; 22 5(88): 2027.
• 22. OEKO-TEX® Associationb. [homepage on the Internet]. Zürich: OEKO-TEX® Association ; No date [cited 17 May 2017]. Available from: https://www.oekotex.com/en/business/oeko_tex_certified_products/oeko_tex_certified_products.xhtml
• 23. OEKO-TEX® Associationb. [homepage on the Internet]. Zürich: OEKO-TEX® Association ; No date [cited 17 May 2017]. Available from: https://www.oekotex.com/en/business/certifications_and_services/step_by_oeko_tex/step_start.xhtml
• 24. Cyhelský L, Hindls R, Kahounová J. Elementární statistická analýza. Prague: Management Press; 1999.
• 25. Kotlorz L. Testy normality. Bachelor [thesis]. Prague: Univerzita Karlova v Praze, Matematicko-fyzikální fakulta; 2012. Available from: CU Digital repository.
• 26. Hendl J. Přehled statistických metod: analýza a metaanalýza dat. Prague: Portál; 2012.
• 27. Aragon-Correa JA, Hurtado-Torres N, Sharma S, Garcia-Morales VJ. Environmental strategy and performance in small firms: A resource-based perspective. J Environ Manage 2008; 86(1): 88-103.
• 28. Song H, Zhao CG, Zeng JP. Can environmental management improve financial performance: An empirical study of A-shares listed companies in China. J Clean Prod 2017; 141: 1051-1056.
• 29. Flammer C. Does corporate social responsibility lead to superior financial performance? A regression discontinuity approach. Manage Sci. 2015; 61(11): 25492568.
• 30. Dowell G, Hart S, Yeung B. Do corporate global environmental standards create or destroy market value? Manage Sci 2000; 46(8): 1059-1074.
• 31. Deng X, Kang JK, Low BS. Corporate social responsibility and stakeholder value maximization: Evidence from mergers. J Financ Econ 2013; 110(1): 87-109.
• 32. Khan SAR, Dong QL. Impact of green supply chain management practices on firms' performance: An empirical study from the perspective of Pakistan. Environ Sci Pollut Res. 2017; 24(20): 16829-16844.
• 33. Mao ZF, Zhang S, Li XM. Low carbon supply chain firm integration and firm performance in China. J Clean Prod 2017; 153(1): 354-361.
• 34. Krause J, Tondlova M. Importance of environmental factors for the competitiveness of firms. J Environ Prot Ecol. 2014; 15(1): 374-381.
• 35. Daszynska-Zygadlo K, Slonski T, Zawadzki B. The market value of CSR performance across sectors. Inż. Ekon. 2016; 27(2): 230-238.
• 36. Slonski T, Daszyndska-Zygadlo K, Zawadzki B. Relation of CSR and market measures of financial performance: International evidence. Proceedings of the 11th International Scientific Conference on European Financial Systems; 2014 Jun 12-13; Lednice, Czech Republic. Brno: Masaryk University; 2014. p. 542-549.
• 37. Koszewska M. CSR Standards as a Significant Factor Differentiating Textile and Clothing Goods. FIBRES & TEXTILES in Eastern Europe 2010; 18, 6(83): 14–19.

Uwagi

PL

Opracowanie rekordu w ramach umowy 509/P-DUN/2018 ze środków MNiSW przeznaczonych na działalność upowszechniającą naukę (2018).