THE EFFECTS OF VARIETY OF CAPITALISM TOWARD THE LEVEL OF CORPORATE SOCIAL PERFORMANCE
Companies begin to see corporate social responsibility (CSR) as an opportunity to increase the growth of the company. We could see corporate social performance (CSP) as the outcome of what the company has done related to CSR. We can also relate this to what the company did to the institutional le...
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| Format: | Final Project |
| Language: | Indonesia |
| Online Access: | https://digilib.itb.ac.id/gdl/view/35735 |
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| Institution: | Institut Teknologi Bandung |
| Language: | Indonesia |
| Summary: | Companies begin to see corporate social responsibility (CSR) as an opportunity to increase
the growth of the company. We could see corporate social performance (CSP) as the outcome
of what the company has done related to CSR. We can also relate this to what the company
did to the institutional level. Variety of capitalism is one of the frameworks that compare
difference and similarities between countries. It divided the country into clustered of
economies. This paper aims to see how these varieties of capitalism are going to affect the
level of CSP in their corresponding cluster. We use cross-sectional linear regression on the
variety of capitalism with the CSP. The study use data from Thomson Reuters Asset4. The
result shows that companies that operate in the CME cluster are better compared to the other
cluster. This shows that the cluster of economy in which the non-market strategy is used to
building core competencies shows a high level of CSP. Cluster, in which the institution is
classified high, will result in high level of CSP. This is because the source of the competitive
advantage is from the non-market strategy, thus imply they have to comply with the
stakeholder wants. |
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