Fundamental Effect of Implementation of Corporate Social Responsibility and Value Based Management on the Equity Value of Hotels in Bali
Fundamental Effect of Implementation of Corporate Social Responsibility and Value Based Management on the Equity Value of Hotels in Bali

Author: Gede Adi Yuniarta

Publisher:

Published: 2017

Total Pages: 7

ISBN-13:

DOWNLOAD EBOOK

Objective - The purpose of this study was to examine the implementation of the fundamental effects of Corporate Social Responsibility and Value Based Management on the Equity Value of hotels in Bali.Methodology/Technique - The data collecting used purposive sampling method. The effects of moderating variables were tested using Moderated Regression Analysis (MRA).Findings - The research proves that there is a significant fundamental effect of the implementation of Corporate Social Responsibility and Value Based Management on the Equity Value of hotels in Bali. The fundamental effects prove that although the implementation of Corporate Social Responsibility cause the release of funds that is quite significant but it gives positive effects on companies that has fundamentally led to increased equity value in the eyes of investors.Novelty - The study proves that the expenditure on Corporate Social Responsibility can positively affect the stock price of a firm.

Value Based Management with Corporate Social Responsibility
Value Based Management with Corporate Social Responsibility

Author: John D. Martin

Publisher: Oxford University Press

Published: 2009-08-19

Total Pages: 208

ISBN-13: 0190450851

DOWNLOAD EBOOK

As the first decade of the 21st century winds down we have seen a sea change in society's attitudes toward finance. The 1990s can best be described as the decade of shareholder supremacy, with each firm trying to outdo the other in their allegiance to shareholder value creation, or as it came to be known, Value-Based Management (VBM). No one seemed to question this culture as the rising firm valuations translated into vast wealth creation for so many. Three significant economic events have reshaped how the public feels about an unbridled devotion to VBM and have defined the last decade: the dot.com bubble in 2000, the infamous accounting scandals of 2001, and the collapse of the credit markets in 2007-2008. In all three of these events the CEOs were portrayed as reckless and greedy and Wall Street went from an object of admiration to an object of scorn. The first edition of this book, Value Based Management: The Corporate Response to the Shareholder Revolution was written to help explain the underpinnings of Value-Based Management. At the time of its publication, few questioned whether the concept was the proper thing to do. Instead, the debate was focused on how to implement a VBM program. With this new second edition, the authors look at VBM after having seen it through good times and bad. It is not their intent to play the blame game or point fingers. Nor is it their intent to provide an impassioned defense of VBM. Instead they provide an academic appraisal of VBM, where is has been, where it is now, and where they see it going.

Implementation of Corporate Social Responsibility to Increase the Value of Companies Listed on the SRI Kehati Index Indonesia
Implementation of Corporate Social Responsibility to Increase the Value of Companies Listed on the SRI Kehati Index Indonesia

Author: Eddy Winarso

Publisher:

Published: 2022

Total Pages: 0

ISBN-13:

DOWNLOAD EBOOK

Corporate social responsibility (CSR) is the latest issue that must be observed by business people in carrying out their business processes from raw materials to the end consumers who have implemented CSR properly. And, the company must promote superior products that its produces are environmentally friendly and do not damage the environment. Investors will see the technical and fundamental analyses of the company whether they have implemented regulations and government policies in producing their products, and then buy shares from the company because they have confidence that companies that implement CSR will increase the company,Äôs value and have a good brand image so that the market responds positively. As well as the roles of government and society as regulators of laws, and the public who observe the implementation of CSR must be responsive and must inform if there are violations committed by business practitioners against CSR. Based on the analysis by the author, it turns out that CSR has no effect on company,Äôs value as measured by the price-to-book value (PBV). CSR implemented based on the GRI G4 is still below 50% of the 79 items that must be disclosed in the financial statements, which means that the company has not fully implemented CSR based on GRI G4 in its business processes, which obtained an average of 41.45%; but there are those who have applied it close to 100%, namely, PT Timah (Pesero) Tbk with an average CSR of 89.62%. But the PBV is low at 1.55. In contrast, PT Unilever Indonesia CSR is at an average of 41.43% but the PBV is 46.09, meaning that in this study CSR has no effect on firm value. CSR is implemented by companies not because of the awareness of the company or its responsibilities but only because of regulations issued by the government in order to complete and manage permits obtained easily.

Corporate Social Responsibility for Sustainable Tourism
Corporate Social Responsibility for Sustainable Tourism

Author: Xavier Font

Publisher: Routledge

Published: 2020-05-21

Total Pages: 270

ISBN-13: 0429651244

DOWNLOAD EBOOK

This comprehensive volume considers the corporate social responsibility (CSR) of tourism and hospitality firms towards stakeholders, exploring CSR in terms of broad stakeholder accountability by considering both the scope of reporting and the quality of stakeholder engagement. The authors analyse how CSR contributes to shareholder accountability (i.e. as financial performance) by developing a multiple attribute decision-making model to deploy CSR resources, analysing how CSR contributes to the management of systematic risk as part of an internationalisation strategy, and showing how philanthropy is used as a legitimisation tool. The authors then review how managers negotiate CSR priorities within their organisational strategy by accounting for the utility gained by family firms from ecological and social outcomes in comparison with profit outcomes, analysing the trade-offs of co-constructing a sustainability innovation and weighting factors in water planning. They also review how employees are central to the delivery of CSR actions by exploring how green organisational culture affects organisational citizenship behaviour, how organisational green practices impact an organisation’s image and its customers’ environmental consciousness and behavioural intentions, and how organisational CSR affects employee pro-environmental citizenship and tourists’ pro-environmental citizenship. The book concludes by reviewing the role of consumers in CSR with ten strategies to close the consumers' attitude-behaviour gap and an account of how customers’ trust is a mediator between CSR, image and loyalty. This book was originally published as a special issue of the Journal of Sustainable Tourism.

Sustainability, Social Responsibility, and Innovations in the Hospitality Industry
Sustainability, Social Responsibility, and Innovations in the Hospitality Industry

Author: H. G. Parsa

Publisher: CRC Press

Published: 2015-04-01

Total Pages: 368

ISBN-13: 1482223325

DOWNLOAD EBOOK

A reference on sustainability, social responsibility, and green practices in hospitality and tourism, this book presents innovative research methods in sustainability, state-of-the-art research by leading internationally recognized scholars on this topic, providing an excellent source of quality research. Readers can expect to find several new ways

Relationship Between Corporate Social Responsibility, Environmental Management, and Profitability
Relationship Between Corporate Social Responsibility, Environmental Management, and Profitability

Author: Daisy Valentin

Publisher: Dissertation.com

Published:

Total Pages: 93

ISBN-13: 161233475X

DOWNLOAD EBOOK

The U.S. hospitality industry's profitability has been shifting to environmental management and corporate social responsibility (CSR) practices. Hospitality industries accounted for 5% of the global market in 2015 and are expected to increase by 130% in 2035. Grounded in stakeholder theory, this correlation study examined the relationship between corporate sustainability officer (CSO) CSR, CSO environmental management, and hospitality business profitability. Secondary data were collected from 97 hotel websites of the Minneapolis-St. Paul, Minnesota from 2014 to 2016. The multiple linear regression combinations of CSR and environmental management (EM) measured significantly related to the profitability index, F(3, 93) = 4.67, p < .001, adj. R2 = .13. The sample multiple correlation coefficients were .36, indicating approximately 13% of the variance of the profitability index. The multiple linear regression combinations of CSR measures significantly related to the profitability index, F(2,94) = 6.05, p < .001, adjusted R2 = .11. The sample multiple correlation coefficients were .34, indicating approximately 11% of the variance of the profitability index. The linear combination of EM measures were not significantly related to the profitability index, F(2,94) = 2.91, p < .001, adjusted R2 = .06. The sample multiple correlation coefficients were .24, indicating approximately 6% of the variance of the profitability index. The implications for positive social change include the potential to identify hospitality industry leaders involved in environmental management who have a CSR to promote social change in their communities.

Corporate Social Responsibility in the Hospitality Industry and its contribution to the welfare of local communities. The case of Hilton Hotels
Corporate Social Responsibility in the Hospitality Industry and its contribution to the welfare of local communities. The case of Hilton Hotels

Author: Barbara Beltran Torres

Publisher: GRIN Verlag

Published: 2021-03-15

Total Pages: 85

ISBN-13: 3346362949

DOWNLOAD EBOOK

Bachelor Thesis from the year 2020 in the subject Tourism - Hotel Management, grade: 1,7, University of Applied Sciences Deggendorf, language: English, abstract: This bachelor this thesis attempts to apply Freeman’s (1984) Stakeholder Theory in order to recognize the primary stakeholder groups, in this case, local communities. It will try to answer the following questions: How is the Hilton’s CSR strategic level structured? Which role do communities play in Hiltons’ CSR strategy? What are the current Hilton’s CSR initiatives and goals that contribute to the welfare of communities? Moreover, it helps to clarify the company’s behaviour and relationship with its stakeholders, having in mind Freeman’s major idea that the best responses to the strong influence of stakeholders in a company are to balance their conflicting and challenging demands through the constant evaluation of the company’s sustainable best practices. In addition, this thesis aims to examine the implication of CSR in the hospitality industry and analyse the current CSR initiatives and best practices in the hospitality industry towards the welfare of communities. Thus, this research intends to evaluate in detail the CSR strategy of one renowned international hotel corporation in order to classify the important role that communities play in the strategy and to identify CSR initiatives and best practices towards the communities as stakeholders in the hospitality industry. This study takes as example the Hilton Worldwide Hotels. The literature part of this thesis is composed by four main chapters: the introduction and research questions, the development of the CSR idea, followed by its implication in the tourism and hospitality industry and the central problematic of CSR in international hotel companies towards local communities and finally, an introduction to the relation between the hospitality industry and the society and communities. After the introductory part, the second part introduces and describes some of the most relevant literature discoveries on Corporate Social Responsibility. In addition, it highlights the association of CSR and sustainable development, presents a variety of concepts and definitions, and introduces a theoretical review concerning its correlation with society and communities.

Doing Well by Doing Good: The Evolution of Corporate Social Responsibility in the Hotel Sector (UUM Press)
Doing Well by Doing Good: The Evolution of Corporate Social Responsibility in the Hotel Sector (UUM Press)

Author: Azilah Kasim

Publisher: UUM Press

Published: 2024-05-05

Total Pages: 112

ISBN-13: 6297582335

DOWNLOAD EBOOK

In the fast-paced world of hospitality, the concept of Corporate Social Responsibility (CSR) has evolved significantly over the years. Professor Dr. Azilah Kasim, a renowned expert in the field, takes us on a captivating journey through the evolution of CSR in the hotel sector, from her early days as a PhD student to her groundbreaking research today. At the heart of her talk is the exploration of what CSR truly means and the challenges of linking it to the tourism industry. In the past, hotels struggled to understand how their operations could align with CSR principles. However, Professor Kasim sheds light on the changing landscape and the increasing emphasis on environmental responsibility within the hotel sector. But it doesn’t stop there. The talk takes an exciting turn as it delves into the shifting expectations for hotels to focus on social responsibility. Professor Kasim shares her team’s groundbreaking research on the critical success factors of community-related CSR in hotels. This research not only provides valuable insights into the industry but also offers practical solutions for hotels looking to make a positive impact on the communities they serve. Professor Kasim’s talk is a testament to the transformative power of research and the potential for hotels to be agents of change. It challenges our understanding of CSR in the hotel sector, encouraging us to rethink our approach and embrace a more sustainable and socially responsible future.

Humanistic Perspectives in Hospitality and Tourism, Volume II
Humanistic Perspectives in Hospitality and Tourism, Volume II

Author: Kemi Ogunyemi

Publisher: Springer Nature

Published: 2022-05-17

Total Pages: 324

ISBN-13: 3030955850

DOWNLOAD EBOOK

​This book, the second of two volumes, uses a framework of philosophical anthropology, and the concepts of humanistic leadership and humanistic management, to explore the value of work in the hospitality and tourism industry. It presents robust theoretical and practical implications for professionalism and excellence at work. Following on the first volume's focus on the personal dimension of hospitality, this volume explores hospitality from a viewpoint that goes beyond the individual, first situating hospitality within culture, then engaging its internal and external customers and finally integrating issues like vulnerability, sustainability, social responsibility, and industry resilience in the face of the pandemic. These volumes will be of use to academics and practitioners in the fields of hospitality and tourism management, humanistic and transformational leadership, corporate social responsibility, human resource management, customer service, and workplace spirituality.