Influencing ESG Perception in SMEs through CSR, Business Ethics, and HRM: An Empirical Study in V4 Countries
The aim of the paper is to define the important factors of Corporate Social Responsibility (CSR), Business Ethics (BE), and Human Resource Management (HRM), and to quantify their impact on the formation of positive attitudes of SMEs towards the concept of Environmental, Social, Governance (ESG) a...
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| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
| Published: |
Editura ASE
2024-05-01
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| Series: | Amfiteatru Economic |
| Subjects: | |
| Online Access: | https://www.amfiteatrueconomic.ro/temp/Article_3319.pdf |
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| Summary: | The aim of the paper is to define the important factors of Corporate Social Responsibility
(CSR), Business Ethics (BE), and Human Resource Management (HRM), and to quantify
their impact on the formation of positive attitudes of SMEs towards the concept of
Environmental, Social, Governance (ESG) and its acceptance. To support the achievement
of this goal, empirical research was conducted in the Visegrad Group (V4 countries) with a
sample of 1,056 respondents in March 2024. The defined scientific hypotheses were verified
through the Ordered Least Model (OLM). The research results indicate the following trends.
Selected factors from CSR, BE, and HRM demonstrated an influence on shaping the positive
attitudes of SMEs toward understanding and accepting the ESG concept. Empirical research
confirmed that the CSR domain significantly influences the positive approach of SMEs
towards ESG. This study in the HRM field emphasises the importance of a participatory
leadership style for employees. This approach, among other benefits, contributes to a positive
attitude of SMEs towards understanding and accepting the ESG concept. Planning the
qualification and career growth of employees does not represent significant factors in shaping
the positive stance of SMEs towards ESG. SMEs’ attitudes in the BE field clearly indicate that a consistent approach by managers in implementing anti-corruption measures shapes the
right approaches of SMEs towards ESG. On the other hand, the formal declaration of
applying BE in the activities of SMEs and the existence of a moral code do not positively
influence the perception on ESG |
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| ISSN: | 1582-9146 2247-9104 |