Preprint Article Version 1 This version is not peer-reviewed

Corporate Social Responsibility Activity Combinations for Sustainability: A Fuzzy Set Analysis of Korean Firms

Version 1 : Received: 11 November 2019 / Approved: 12 November 2019 / Online: 12 November 2019 (10:00:45 CET)

A peer-reviewed article of this Preprint also exists.

Kim, J.; Kim, H.; Kwon, H. Corporate Social Responsibility Activity Combinations for Sustainability: A Fuzzy Set Analysis of Korean Firms. Sustainability 2019, 11, 7078. Kim, J.; Kim, H.; Kwon, H. Corporate Social Responsibility Activity Combinations for Sustainability: A Fuzzy Set Analysis of Korean Firms. Sustainability 2019, 11, 7078.

Journal reference: Sustainability 2019, 11, 7078
DOI: 10.3390/su11247078

Abstract

We examined how combinations of corporate social responsibility (CSR) activities lead to high performance in Korean companies. This study addressed two related questions to expand our limited knowledge in this area. The first was what combinations of CSR activities achieve high performance. The second was to identify how CSR activities form an interdependent system, depending on different corporate situations. Korean Economic Justice Institute index data, from 2012 to 2018, were used with fuzzy set qualitative comparative analysis, and the results revealed several effective CSR activity factor combinations under given strategies and management environments. Companies with high performance exhibit complementarity between social contribution, environmental management, fairness, and employee satisfaction. By contrast, companies with low corporate performance show no complementarity between relatively unrelated activity factors. For companies whose CSR activities lead to low financial performance, most of the causal pathways focused only on activities at the primary stakeholder level, with weak diversity of CSR activities’ combinations at the primary and secondary stakeholder levels. These results indicate not only the appropriateness of CSR activity factor combinations for companies’ strategy and management environment contexts, but also their effectiveness, and are expected to provide companies with significant implications for CSR activities.

Subject Areas

corporate social responsibility (CSR); sustainability; complementarity; fuzzy set qualitative comparative analysis (fsQCA)

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