Corporate Social Responsibility, Corporate Restructuring and Firm's Performance

Empirical Evidence from Chinese Enterprises

Corporate Social Responsibility, Corporate Restructuring and Firm's Performance

Empirical Evidence from Chinese Enterprises

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In today s globalized and competitive business environment, companies increasingly look to restructuring, mergers & acquisitions and downsizing to survive, grow and maximize profits. However, when they are not managed in a socially responsible manner, restructurings may exert the negative impact on employees, shareholders, communities, and society as a whole.
The book empirically explores the phenomena of corporate social responsibility (CSR), restructuring, and relationships with firm s performance in China. It gives an insight into how Chinese firms respond to expectations of stakeholders by making social goals a part of their overall business operations. It also gives a fresh view of the new concept of socially responsible restructuring. For those seeking to promote socially responsible practices in restructuring, the book provides a unique and stimulating analysis and touchstone.

1;Foreword;5
2;Preface;7
3;Acknowledgements;10
4;Contents;11
5;Abbreviations;15
6;Introduction;18
6.1;1.1 Introduction;19
6.1.1;1.1.1 The Social Issues Arising from SOE Reform;21
6.1.2;1.1.2 Social Consequences of SOE Reform;22
6.1.3;1.1.3 Ethical Issues in Corporate Governance;25
6.1.4;1.1.4 Reactions to Social Impact of Enterprise Restructuring;27
6.2;1.2 Research Questions;29
6.3;1.3 Organization of the Book;30
6.4;References;31
7;Theory and Literature;33
7.1;2.1 Introduction;33
7.2;2.2 Corporate Social Responsibility;34
7.2.1;2.2.1 Conceptual Evolution and Rationalization;34
7.2.2;2.2.2 CSR Models;37
7.2.3;2.2.3 Corporate Social Performance and Financial Performance;48
7.2.4;2.2.4 Perceptions of Managers Toward CSR;57
7.2.5;2.2.5 CSR in China: The Rise and Challenges;60
7.3;2.3 Enterprise Restructuring;66
7.3.1;2.3.1 Concept and Definition;67
7.3.2;2.3.2 The Theory and Practice of Enterprise Reform;68
7.3.3;2.3.3 Enterprise Restructuring and FirmÌs Performance;71
7.4;2.4 Corporate Governance;79
7.4.1;2.4.1 Concept and Definition;79
7.4.2;2.4.2 Models of Corporate Governance;82
7.4.3;2.4.3 Corporate Governance in Transition Economies;86
7.5;2.5 Socially Responsible Restructuring;92
7.5.1;2.5.1 Concept and Definition;93
7.5.2;2.5.2 SRR and Downsizing;97
7.5.3;2.5.3 SRR and Corporate Governance;100
7.5.4;2.5.4 A Model of SRR;105
7.5.5;2.5.5 The Roles of Tripartite Organizations in SRR;109
7.5.6;2.5.6 SRR in Practice: European Way;119
7.6;References;133
8;Enterprise Reform and Restructuring in China;151
8.1;3.1 Introduction;151
8.2;3.2 Enterprises Reform and Restructuring: Overview;152
8.2.1;3.2.1 Objectives, Constraints, and Conditioning Factors;152
8.2.2;3.2.2 The Key Reform Stages and Turning Points;154
8.2.3;3.2.3 ChinaÌs Enterprise Sectors: the Current Situation;157
8.3;3.3 Privatization and Restructuring of SOEs;173
8.3.1;3.3.1 SOE Restructuring and Transformation;175
8.3.2;3.3.2 Privatization of SMEs;179
8.3.3;3.3.3 The Changing Role of Government in SOE Restructuring;182
8.4;3.4 Developing an Effective Corporate Governance System;190
8.4.1;3.4.1 Reform Measures to Improve Corporate Governance of SOE;191
8.4.2;3.4.2 Weaknesses in the Corporate Governance Reforms in China;194
8.5;3.5 Mitigating Social Impact of Restructuring: Social Security Reform ;198
8.5.1;3.5.1 Social Impact of Enterprise Restructuring;198
8.5.2;3.5.2 Reforms to Deal with Lay-offs and Redundant Workers;201
8.5.3;3.5.3 Health and Pension System Reforms;203
8.6;References;206
9;Theoretical Framework and Hypotheses;208
9.1;4.1 Theoretical Framework for Analysis;208
9.1.1;4.1.1 Enterprise Restructuring;210
9.1.2;4.1.2 Stakeholder Groups;211
9.1.3;4.1.3 Corporate Social Responsibility;212
9.1.4;4.1.4 Corporate Governance;212
9.2;4.2 Hypothesis Development;213
9.2.1;4.2.1 ManagersÌ Attitudes Toward CSR and SRR;213
9.2.2;4.2.2 SRR and FirmÌs Performance;214
9.3;References;216
10;Data and Methodology;218
10.1;5.1 Research Methodology;218
10.1.1;5.1.1 Research Design;218
10.1.2;5.1.2 Data Collection;221
10.2;5.2 Sampling Strategy;223
10.2.1;5.2.1 Sample of Management Survey;224
10.2.2;5.2.2 Sample of Listed Firms;225
10.3;5.3 Data Analysis;230
10.3.1;5.3.1 Qualitative Data Analysis;230
10.3.2;5.3.2 Financial Data Analysis;233
10.3.3;5.3.3 Econometric Estimation Model;236
10.4;References;237
11;The Effects of Managerial Values on Socially Responsible Restructuring;238
11.1;6.1 Introduction;238
11.1.1;6.1.1 AttitudeÒBehavior Theory;238
11.1.2;6.1.2 Changing Conduct and Moral of Doing Business in China;239
11.2;6.2 Descriptions of Variables and Analysis Techniques;240
11.3;6.3 Findings and Analysis ;242
11.3.1;6.3.1 Attitudes of Managers Toward CSR;242
11.3.2;6.3.2 ManagersÌ Stakeholder Orientation;247
11.3.3;6.3.3 Perceptions of Socially Responsible Restructuring;250
11.3.4;6.3.4 Socially Responsible Behavior in Restructuring;251
11.3.5;6.3.5 CSR Activities of Firms;25
ISBN 9783540708964
Artikelnummer 9783540708964
Medientyp E-Book - PDF
Auflage 2. Aufl.
Copyrightjahr 2008
Verlag Springer-Verlag
Umfang 308 Seiten
Sprache Englisch
Kopierschutz Digitales Wasserzeichen