Saudi Cultural Missions Theses & Dissertations
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Item Restricted Causes and Effects of Corporate Social Responsibility: An Examination of Corporate Social Responsibility in Saudi Arabia(University of New England, 2024) Alhazzaa, Ateeq Mesfer; Reddy Yarram, Subba; Moss, SupawadeeThe recent adoption of sustainable development goals (SDGs) and the two-decade-long work involved in evolving these goals has led to increased attention to corporate social responsibility (CSR) in developing countries. As a United Nations (UN) member committed to achieving the SDGs by 2030, the Saudi government released its Vision 2030 economic blueprint in 2016, which includes significant environmental targets such as reducing carbon emissions. However, research is still limited because few studies have considered the causes and consequences of CSR, particularly in Saudi Arabia. The current study aims to address this gap in the literature, specifically in the context of emerging economies. This study explores how ownership structure and leadership characteristics influence environmental, social and governance (ESG) practices in the Saudi Arabian context. It also examines the effect of ownership structure, leadership and ESG performance on financial performance. In addition, this thesis focuses on assessing how ESG practices, in conjunction with ownership structure and leadership, affect financial risk in Saudi Arabia. Hypotheses for this study were devised based on various theories, existing literature and the institutional context. Data were collected from Invest ESG and the annual reports of 136 non- finance industry firms listed on the Saudi Stock Exchange between 2016 and 2020, resulting in 647 annual observations. The generalised method of moments technique was employed to manage potential endogeneity issues in panel data analysis. The findings of the first study suggest that foreign, government and managerial ownership positively affect CSR. In contrast, institutional and family ownership of businesses and frequent CEO turnover impede CSR investment. The outcomes from the second study show that institutional, foreign, family and managerial ownership—as well as leadership elements like CEO turnover and leadership experience—are likely to enhance a firm’s value when aligned with ESG practices. Such enhancements in financial outcomes could be attributed to these ownership and leadership groups recognising the value generation potential of ESG and corporate governance. Conversely, investments in environmental and social initiatives might diminish value owing to the associated expenses to make such projects viable. Finally, the third study reveals that risk-taking is reduced in Saudi firms when these firms are participating in CSR practices. Evidence from this study broadly supports the view that CSR engagement leads to diminished risk-taking in Saudi firms.12 0Item Restricted The effect of HRM practices on the CSR integration into organisational culture: A study of the role of HR in developing a socially responsible culture .(Saudi Digital Library, 2023-09-28) Almatrafi, Ghadeer; Ali, BaharCorporate Social Responsibility (CSR) significance in an organisation has been rapidly growing for many years, acknowledging the imperative of addressing Environmental, Social, and Governance concerns in the strategies of business. CSR integration into organisational culture is necessary for sustainable competitive advantage, societal well-being, and stakeholder trust. Human Resource Management (HRM) practices wield a profound influence on the culture, and they can share the CSR principles integration. The empirical investigation on the interaction between CSR and HRM integration is scarce. The study filled the gap by exploring how HRM practices support and contribute to the integration of CSR into organisational culture. The study investigated HR's role in nurturing a socially responsible culture, uncovering key benefits and challenges, and underscoring the importance of aligning both HRM and CSR practices. The research also underscores the HR professional vital contributions and provides insights to foster a socially responsible culture that drives social impact and sustainability, enriching strategic, practical, and academic understandings in the process.35 0Item Restricted Corporate Governance Policies Dedicated to Corporate Social Responsibility: Should CSR be Mandatory to Firms?(2022-09) AlWadadni, Mutlaq; Mollica, VivianaCorporate Governance (CG) policies have a significant impact on how organisations operate and their commitments, mainly because of Corporate Social Responsibility (CSR). The relationship between appropriate CG and CSR allows companies to maintain a good balance for their operations. It may also support and reinforce the organisations' efforts to establish mechanisms and strategies of control and management, which improve the satisfaction of stakeholders and shareholders and increase the value of shareholders. However, it is not clear whether CSR and CG policies are voluntary or mandatory for organisations. As a result, this research focus on disclosing how CSR is not an option for companies. It insists that CSR is an obligation of organisations that aims at responding to emerging market pressure. The paper demonstrates the concepts of CSR, showing how the concepts overlap with each other to facilitate fairness and satisfaction of both shareholders and stakeholders. It further provides an in-depth, comprehensive analysis of how various legal systems and frameworks undertake social responsibilities based on CG policies.15 0