Programa del congreso

The Collective Social Responsibility model (CSRm) arises as a response to questioning the current vision of Corporate Social Responsibility (CSR). After analysing several authors and sources, this research proposes a vision that is more in line with reality and events in contemporary society and can contribute to achieving the Sustainable Development Goals (SDG). The study had three main objectives: (i) to propose a theoretical model to expand the concepts associated with CSR, (ii) to explain the proposed model and its implications for companies, society, and the environment, and, finally, (iii) to establish the relationship between the proposed model and the SDG promoted by the UN. This study used a qualitative methodology based on documentary review and inferential and deductive reasoning. The Collective Social Responsibility model (CSRm) proposed here is an expanded and updated version of CSR, observed from a three-dimensional perspective. The proposed model seeks to transform not only the impact that organizations and businesses have on society, but also the way in which governments, companies, groups, and individuals complement each other in relation to this field.

Shareholder activism has grown exponentially; however, its impact on firms’ non-financial performance is not well-understood. We develop a conceptual model drawing on stakeholder theory and the socio-cognitive perspective in which we predict that most firms will react to shareholder activism improving their non-financial performance. Furthermore, we argue that firm's responses to these shareholder pressures are complex and might entail enhancing performance in areas beyond direct requests in order to sustain the firm’s need for broader social approval and legitimacy. Drawing on S&P 500 firms from 2006 to 2020, we show that receiving shareholder proposals is effective in improving overall non-financial performance. Furthermore, the separate influence of corporate governance and socio-environmental shareholder proposals is also positive on a firm’s governance and socio-environmental performance respectively. Finally, we discover that governance activism also leads to advances in firms’ socio-environmental performance and socio-environmental activism influences governance performance depending on the presence of foreign institutional investors. Our findings support a socio-cognitive stakeholder view of firms’ responses to shareholder activism and contribute to refine stakeholder theory by understanding firms’ embedded responses to broader stakeholder pressures. In doing so, our study advances research at the intersection of corporate governance and sustainability.

From the UN's design of the 17 Sustainable Development Goals (SDGs) in 2015, the impact of the goals has gained significant attention from scholars and industry. The implementation of the SDGs may have both non-financial and financial effects on companies, but literature about the effect of its implementation is still scarce. To bridge the gap, this research examines the role that the SDGs play in helping the tourism sector achieve Corporate Financial Performance through Environmental, Social, and Governance (ESG) ratings. PLS-SEM and fsQCA are applied in a mixed-method approach to a sample of 283 companies whose SDG reporting data is audited and publicly available. The findings indicate that implementing SDGs on their own impacts negatively on Corporate Financial Performance, but positively on ESG ratings. Moreover, we find evidence that ESG may be used to increase financial performance, suggesting that these firms' triple bottom line is enhanced by implementing the SDGs. The findings are complemented with several configurations of particular SDGs and ESG ratings that can explain a higher degree of SDGs implementation. Relevant implications for academics, industry practitioners and policy makers are derived.

En este trabajo analizamos cómo influye la alta regulación que obliga a las instalaciones industriales europeas a publicar sus resultados ambientales en su comportamiento medioambiental. Utilizando la teoría institucional, argumentamos cómo la presión coercitiva proveniente de la publicación de la información medioambiental de las instalaciones da lugar a clústeres de instalaciones agrupadas por países con un comportamiento medioambiental similar. Nuestro objetivo es mostrar si existe o no esta tendencia a la homogenización de patrones de comportamiento en cuanto al desempeño medioambiental debido a la institucionalización de los mismos. Para ello, hemos llevado a cabo un análisis clúster. En la agrupación efectuada por países, pudimos comprobar que aparecían tres conglomerados claramente diferenciados. Primero aparecían conglomerados individuales, a consecuencia de que la metodología estadística no encontraba similitudes de estos países con otros. Estos están constituidos por Malta (MT), Chequia (CZ), Grecia (GR) y Estonia (EE). El segundo grupo lo forman Italia (IT) y Polonia (PL). El tercero lo forma un conglomerado con el resto de los países. Es decir, salvo en los grupos de países separados, o agrupados dos a dos, el desempeño ambiental de las empresas europeas en los otros 26 países fue aparentemente muy similar desde 2007 a 2020.