An empirical study on the relationship of corporate financial performance and human capital concerning corporate social responsibility: Applying SEM and Bayesian SEM

The importance of corporate social responsibility (CSR) has increased in corporate strategic management. Thus, this study focuses on three relationships: 1) the relationship between corporate financial performance (CFP) and CSR activities (CSRA), 2) the relationship between CSRA and human capital (H...

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Autores principales:	Hiroki Iwamoto, Hideo Suzuki
Formato:	article
Lenguaje:	EN
Publicado:	Taylor & Francis Group 2019
Materias:	corporate social responsibility structural equation modelling bayesian structural equation modelling human resources Business HF5001-6182 Management. Industrial management HD28-70
Acceso en línea:	https://doaj.org/article/cf9b4a62c6de4db08b7be6fd36afbb57
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spelling	oai:doaj.org-article:cf9b4a62c6de4db08b7be6fd36afbb572021-12-02T16:07:36ZAn empirical study on the relationship of corporate financial performance and human capital concerning corporate social responsibility: Applying SEM and Bayesian SEM2331-197510.1080/23311975.2019.1656443https://doaj.org/article/cf9b4a62c6de4db08b7be6fd36afbb572019-01-01T00:00:00Zhttp://dx.doi.org/10.1080/23311975.2019.1656443https://doaj.org/toc/2331-1975The importance of corporate social responsibility (CSR) has increased in corporate strategic management. Thus, this study focuses on three relationships: 1) the relationship between corporate financial performance (CFP) and CSR activities (CSRA), 2) the relationship between CSRA and human capital (HC), and 3) the relationship between HC and CFP. This study uses fact-based data to remove subjective influences as much as possible. Fact-based data include an ordinal scale such as the presence or absence of specific measures. In addition, since it is assumed that the three relationships are mutually affected, this study analyses them simultaneously to consider a mediating effect. In this analysis, structural equation modelling (SEM) and Bayesian SEM (BSEM) are applied to fact-based data collected from 219 listed companies in Japan. The analysis results clarify that CSRA directly impacts CFP and mediates the impact of HC on CFP. In addition, the path value of CSRA to CFP is larger in BSEM than in SEM. Thus, this study shows the merit of using a method that can handle ordinal scale indicators.Hiroki IwamotoHideo SuzukiTaylor & Francis Grouparticlecorporate social responsibilitystructural equation modellingbayesian structural equation modellinghuman resourcesBusinessHF5001-6182Management. Industrial managementHD28-70ENCogent Business & Management, Vol 6, Iss 1 (2019)
institution	DOAJ
collection	DOAJ
language	EN
topic	corporate social responsibility structural equation modelling bayesian structural equation modelling human resources Business HF5001-6182 Management. Industrial management HD28-70
spellingShingle	corporate social responsibility structural equation modelling bayesian structural equation modelling human resources Business HF5001-6182 Management. Industrial management HD28-70 Hiroki Iwamoto Hideo Suzuki An empirical study on the relationship of corporate financial performance and human capital concerning corporate social responsibility: Applying SEM and Bayesian SEM
description	The importance of corporate social responsibility (CSR) has increased in corporate strategic management. Thus, this study focuses on three relationships: 1) the relationship between corporate financial performance (CFP) and CSR activities (CSRA), 2) the relationship between CSRA and human capital (HC), and 3) the relationship between HC and CFP. This study uses fact-based data to remove subjective influences as much as possible. Fact-based data include an ordinal scale such as the presence or absence of specific measures. In addition, since it is assumed that the three relationships are mutually affected, this study analyses them simultaneously to consider a mediating effect. In this analysis, structural equation modelling (SEM) and Bayesian SEM (BSEM) are applied to fact-based data collected from 219 listed companies in Japan. The analysis results clarify that CSRA directly impacts CFP and mediates the impact of HC on CFP. In addition, the path value of CSRA to CFP is larger in BSEM than in SEM. Thus, this study shows the merit of using a method that can handle ordinal scale indicators.
format	article
author	Hiroki Iwamoto Hideo Suzuki
author_facet	Hiroki Iwamoto Hideo Suzuki
author_sort	Hiroki Iwamoto
title	An empirical study on the relationship of corporate financial performance and human capital concerning corporate social responsibility: Applying SEM and Bayesian SEM
title_short	An empirical study on the relationship of corporate financial performance and human capital concerning corporate social responsibility: Applying SEM and Bayesian SEM
title_full	An empirical study on the relationship of corporate financial performance and human capital concerning corporate social responsibility: Applying SEM and Bayesian SEM
title_fullStr	An empirical study on the relationship of corporate financial performance and human capital concerning corporate social responsibility: Applying SEM and Bayesian SEM
title_full_unstemmed	An empirical study on the relationship of corporate financial performance and human capital concerning corporate social responsibility: Applying SEM and Bayesian SEM
title_sort	empirical study on the relationship of corporate financial performance and human capital concerning corporate social responsibility: applying sem and bayesian sem
publisher	Taylor & Francis Group
publishDate	2019
url	https://doaj.org/article/cf9b4a62c6de4db08b7be6fd36afbb57
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An empirical study on the relationship of corporate financial performance and human capital concerning corporate social responsibility: Applying SEM and Bayesian SEM

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