HomeLPU - Laguna Journal of Business and Accountancyvol. 4 no. 2 (2022)

Corporate Social Responsibility and Hyundai Company’s Success

Evangelyn G Peñamora | Marie Bea Louise P Rioveros | Trisha Denice Robles | Ma. Anna Corina G Kagaoan

Discipline: Sociology

 

Abstract:

Corporate social responsibility have a significant impact on financial success. Corporate social responsibility is related to marketing management as it uses holistic marketing approach under all aspects of its marketing strategy. Factors taken into viewpoint included (environment conservation, labor practices, and philanthropy) were the basis to measure the employees’ perception on corporate social responsibility towards Hyundai San Pablo’s success. The population for this study consisted of 50 employees to know the perception on corporate social responsibility, corporate performance, and its effects on success. The majority of the respondents are female, ages 28-34 years old and a college graduate. The result shows that most of the respondents got the monthly salary of ? 10,000.00 - ? 15,999.00 and majority of the respondents were from Sales Department. It indicated in the results that there is a significant difference on the respondents’ perception on corporate social responsibility in terms of environmental conservation, labor practices and philanthropy towards Hyundai San Pablo’s success when grouped according to age. 35 years old and above place a higher appreciation and a greater focus on corporate social responsibility in terms of environmental conservation, labor practices, and philanthropy. There is a significant relationship between the respondents’ perception on the corporate social responsibility and their perception on corporate performance. It further explains that there is a moderately high relationship between the two variables.



References:

  1. Australian Bureau of Statistics web site. Australian Bureau of Statistics, Australian Government.(2021). https://www.abs.gov.au/websitedbs/d3310114.nsf/home/Basic+Survey+Design+-+Samples+and+Censuses.
  2. Bonner, J., & Friedman, A. (n.d.). Corporate Social Responsibility: Who's Responsible? Finding an Organizational Home for an Increasingly Critical Function. appsaprsaorg https://apps.prsa.org/intelligence/partnerresearch/partners/nyu_scps/corporatesocialresponsibility.pdf.
  3. Clark-Carter, D. (2010). Weighted Mean. Weighted Mean - an overview | ScienceDirectTopics. https://www.sciencedirect.com/topics/mathematics/weighted-mean.
  4. Crabtree, E. (2021, September 3). The generous generation: Millennials are most charitable. Ladders. Retrieved November 20, 2021, from https://www.theladders.com/career-advice/the-generous-generation-millennials-are-most-charitable.
  5. Davis, L. R. (2018). Employee Perceptions of Organizational Corporate Responsibility and Their Effect on Employee Organizational Commitment. . https://doi.org/10.34917/14279052
  6. East. Environmental Management and Sustainable Development, 5(1), 69- 85. http://dx.doi.org/10.5296/emsd.v5i1.8705
  7. Fabac, R., Klačmer Čalopa, M., & Šestanj-Perić, T. (2016). Relationship between CSR and Financial Performance-Companies within ZSE CROBEX10® Index. European Journal of Economics and Management, 3(1), 169-182.
  8. Gardberg, N. A., Zyglidopoulos, S. C., Symeou, P. C., & Schepers, D. H. (2017). The impact of corporate philanthropy on reputation for corporate social performance. Business & Society, 58(6), 1177-1208. doi:10.1177/0007650317694856
  9. Glavas, A. (2016). Corporate social responsibility and employee engagement: Enabling employees to employ more of their whole selves at work. Frontiers in Psychology, 7. doi:10.3389/fpsyg.2016.00796
  10. Huang, C. (2016). Employees’ perception of corporate social responsibility: Corporate volunteer and             organizational commitment. International Business Research, 9(9), 142. doi:10.5539/ibr. v9n9p142
  11. Krause, M. S., Droste, N., & Matzdorf, B. (2020). What makes businesses commit to nature conservation? Business Strategy and the Environment, 30(2), 741-755. doi:10.1002/bse.2650
  12. Melovic, Milovic, Backovic-Vulic, Dudic, & Bajzik. (2019). Attitudes and perceptions of employees toward corporate social responsibility in WESTERN Balkan Countries: Importance and relevance for sustainable development. Sustainability, 11(23), 6763. doi:10.3390/su11236763
  13. Özcan, F., & Elçi, M. (2020). Employees’ perception of Csr Affecting Employer BRAND, brand image, and corporate reputation. SAGE Open, 10(4), 215824402097237. doi:10.1177/2158244020972372
  14. Salkind, N. J. (2010). Frequency Table. Sage Research Methods. https://methods.sagepub.com/reference/encyc-of-research-design/n159.xml.
  15. Shin, I., & Hur, W. (2020). How are service EMPLOYEES' perceptions of corporate social responsibility related to their performance? Prosocial motivation and emotional labor as underlying mechanisms. Corporate Social Responsibility and Environmental Management, 27(6), 2867-2878. doi:10.1002/csr.2008
  16. Song, M.-K., Lin, F.-C., Ward, S. E., & Fine, J. P. (2013). Composite variables: When and how. Nursing research. https://www.ncbi.nlm.nih.gov/pmc/articles/PMC5459482/.
  17. Sow, M. T. (2014). Using ANOVA to examine the relationship between safety & security and human development. Journal of International Business and Economics, 2(4), 101-106.
  18. Xue, M., Al-Turjman, F., & Saravanan, V. (2021). A labor safety performance and involvement of workers in accident reduction and prevention. Aggression and Violent Behavior, 101560. doi: 10.1016/j.avb.2021.101560