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The United Nations' Sustainable Development Goals (SDGs) call on all firms to apply their creativity and innovation to solving sustainable development challenges. There is then an argument that firms should address the SDGs by applying the creating shared value (CSV) framework. However, we cannot exclude the possibility that this is nothing more than "business as usual" implemented in the name of the SDGs, or so-called SDG-washing, thereby limiting firm contributions to the SDGs. Although the SDG Compass, the most referenced business guideline on SDGs, currently encourages firms to address the SDGs using their economic motivation, it is uncertain whether it provides the right direction for achieving them. The purpose of this study is to address whether the economic motivation of firms to achieve the SDGs is practically preferable in contrast to the ethical motivation. Using data on Japanese and Vietnamese firms, we empirically analyse whether the degree of a firm's proactiveness to address the SDGs depends on its economic and/or ethical motivations from a stakeholder management perspective. Our estimation results clarify that an ethical motivation continues to play a more significant role for firms in addressing the SDGs. Put differently, while CSV appears an attractive framework for firms to address the SDGs, its actual contribution remains partial and tentative, and it has thus been criticized for overemphasizing any economic motivation that potentially promotes SDG-washing. It is important to note that this could also ultimately decrease economic value by harming the firm's reputation. [ABSTRACT FROM AUTHOR]

In this study, we have explored the direct relationship between social accounting (SAC) and sustainable corporate social responsibility (SCSR). Additionally, we have examined how inclusive growth (IG) and creating shared value (CSV) mediate the relationship between SAC and SCSR. The research survey was conducted in five districts of Odisha, India, involving 418 participants. We have validated our proposed model through both confirmatory and exploratory factor analyses. The study's empirical findings suggest that SAC significantly and positively influences sustainable CSR. Furthermore, the findings suggest that IG and CSV partially mediate this relationship. This study is one of its kind, and it considers factors that significantly affect the sustainability of CSR measures. This model will also provide future researchers with new insights into the role of accounting relating to CSR and guiding in their future investigations. The framework developed in this study, will enhance the understanding of CSR for companies and policymakers, enabling them to devise effective strategies for implementing CSR initiatives that address social challenges sustainably. [ABSTRACT FROM AUTHOR]

In the Kurdistan Region of Iraq, the food and beverage manufacturing industry faces significant challenges in creating shared value, exacerbated by government policies, financial constraints and outdated practices. Entrepreneurial marketing offers a potential solution, but research on its effect in this context is limited, especially concerning its relationship with organizational ambidexterity and shared value creation. This study aims to investigate the effect of entrepreneurial marketing on shared value creation, with organizational ambidexterity acting as a mediating factor. Data was collected from 201 food and beverage factories in the region, representing 61 percent of selected factories and analyzed using IBM SPSS Amos 24. The results demonstrate a strong positive influence of entrepreneurial marketing on shared value creation and highlight the partial mediating role of organizational ambidexterity in balancing exploration and exploitation. These findings underscore the importance of organizational ambidexterity in shaping shared value in the Kurdistan Region's food and beverage sector. [ABSTRACT FROM AUTHOR]

The concept of corporate social responsibility (CSR) has been considered as the key to tackle the dilemmas between business and society in the international construction market. However, CSR is too often placed at the peripheral rather than at the core of business. CSR has been evolved to the concept of creating shared value (CSV) with the consideration of its role to the companies' value chain. This research aims to investigate how to integrate CSV into competitive strategies and develop CSV strategies for construction companies when operating in the international market. Chinese international construction companies are selected as the cases for this study. By using case studies with the assist of archival study, four general types of CSV strategies with regards to CSV issues are found: (1) products, (2) safety, health, and sustainable workforce, (3) local development, and (4) environmental protection. Construction companies are suggested to smartly select social and environmental issues and carefully exercise their CSV strategies to create shared value in the international market. The research gives views to international construction companies to develop CSV strategies from a strategic management perspective. It also provides valuable references to those companies which are facing similar dilemmas in the construction industry. [ABSTRACT FROM AUTHOR]

This paper proposes a model of creating shared value as a framework for responsible application of artificial intelligence in Serbia, taking into account key social and economic challenges brought by this technology. The work relies on analysis of existing literature in the fields of artificial intelligence, creating shared value and Serbia's strategies for AI development. Key challenges and opportunities related to AI application in Serbia have been identified. The proposed model of creating shared value can provide a responsible and beneficial development of the AI sector in Serbia, considering the social and economic impacts of this technology.

This paper investigates the strategic role of multinational corporations (MNCs) in realizing the United Nations Sustainable Development Goals (SDGs) through the lens of creating shared value (CSV) strategies. It presents a comprehensive case study of a prominent Italian multinational energy corporation, demonstrating its application in the energy sector. The paper explores the nuances of CSV implementation, particularly in developing markets like Chile, Brazil, and Colombia, guided by Institutional and Stakeholder theories. It examines the corporation's responsive adaptation to local needs and challenges, and its alignment of business operations with sustainable development objectives. The findings underscore the significance of local stakeholder engagement and the critical role of leadership in fostering a culture of sustainability within the organization. This study expands on previous literature by offering insights into the practical implementation of CSV strategies by MNCs in developing markets. It sheds light on the complexities of integrating global sustainability standards with local institutional dynamics and stakeholder collaboration, enriching the understanding of how MNCs can contribute meaningfully to the SDGs. [ABSTRACT FROM AUTHOR]

Copyright of Revista Daena: International Journal of Good Conscience is the property of Spenta University Mexico and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Revista Daena: International Journal of Good Conscience is the property of Spenta University Mexico and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

The 2015 Paris Agreement accelerated the trend toward international decarbonization. Climate change initiatives, such as Science Based Targets, Renewable Energy 100%, and Task Force on Climate‐related Financial Disclosure are rapidly gaining attention as mechanisms that encourage voluntary efforts by companies to limit emissions. However, participation in these initiatives creates a conflict with the pursuit of short‐term profits. Understanding the firms' motivation for initiative participation contributes to the realization of sustainable development. This study empirically examines the motivations for large‐scale Japanese firms to participate in climate change initiatives. For this purpose, first, we update the conventional model of corporate motivations for taking environmental actions to fit the contemporary context. We then quantify individual firms' motivations based on various data and conduct regression analyses to identify the factors contributing to the firms' participation in the initiatives. The results indicate that firms have competitive and legitimate motives to participate in these initiatives. [ABSTRACT FROM AUTHOR]

This article presents a comprehensive exploration, rooted in a literature review, aiming to elucidate the nexus between Creating Shared Value (CSV) and the determinants of sustainable business performance. In the contemporary business landscape, environmental sustainability has evolved beyond a moral responsibility and become a strategic business opportunity for modern companies. The methodology employed in this study involves conducting an extensive literature review. Through the analysis of existing literature, the research synthesizes insights into the relationship between CSV and sustainable business performance. The focus is on theoretical exploration, elucidating the connections between green entrepreneurial orientation, green innovation, and green marketing strategies in the context of sustainable business practices. The literature review reveals that environmental sustainability significantly shapes contemporary business strategies. The emergence of CSV as a business strategy underscores the integration of corporate success with positive contributions to society and the environment. The synthesized results highlight the theoretical relationships between green entrepreneurial orientation, green innovation, and green marketing strategies with sustainable business performance. Building upon the results, the discussion interprets the implications of the identified relationships and their significance in the realm of sustainable business strategies. This article enriches the academic literature by providing a conceptual framework for understanding sustainable business strategies. Additionally, the findings offer practical support for businesses in formulating sustainable strategies, guidance on integrating green innovation, and serve as a valuable reference for policymakers. [ABSTRACT FROM AUTHOR]

This article aims to analyze how corporate social innovation contributes to the creation of shared value. The research presents a unique case study of a company in southern Brazil that is recognized for its strategic repositioning, based on a redefinition of its purpose and the inclusion of social and environmental values in its business model. We questioned how a for‐profit organization could create shared value based not only on economic considerations but also on social values? To this end, and based on Den Ouden's (2012) framework, we use multiple‐level analysis, considering the value created for users, organizations, society, and the ecosystem. To collect the data, we use in‐depth semi‐structured interviews and documentary research, followed by qualitative content analysis aided by Nvivo. We highlight the fact that for a company to create value considering diverse stakeholders at multiple levels of analysis, it must develop a capacity for collaboration, especially the ability to communicate and learn collectively. As a practical contribution, the results indicate that in creating shared value from corporate social innovation, it is important for organizational changes to be systemic, and for the development of solutions to focus on needs that emerge from the community. The study signals the importance of the community, especially the user, in developing solutions that focus on social challenges and encourage for‐profit organizations to rethink their role in society. [ABSTRACT FROM AUTHOR]

This research aims to analyze the influence of creating shared value (CSV) on brand image and customer loyalty at PT Pegadaian. CSV is an independent variable that contains aspects of social, environmental and economic values. CSV performance is focused on PT Pegadaian CSV program, namely sorting waste, saving gold and the gade integrated farming. This research uses an ex post facto quantitative approach with a structural equation model (SEM) which is operated using Amos version 24. Respondents in this research are customers or customers of PT Pegadaian who receive the benefits of the CSV program, namely the waste bank program for sorting waste, saving gold and the integrated gade. farming. Validity testing uses confirmatory factor analysis (CFA) and reliability uses construct measurement values with valid and reliable results. Data analysis uses descriptive statistical analysis and path analysis. The results of the research show that there is a positive and significant influence between social and brand image, there is no significant influence between the environment and brand image, there is a positive and significant influence between the economy and brand image, and there is a positive and significant influence between brand image and customer loyalty. The results of this research provide information that the higher the CSV performance, the more it provides a positive image for the company which influences customer loyalty. [ABSTRACT FROM AUTHOR]

Porter and Kramer's "creating shared value" (CSV) proposal has achieved significant penetration into both the academic and corporate communities. Building on other critiques of CSV, this paper assesses whether the CSV framework, notwithstanding its popularity, currently possesses an appropriate and adequate theoretical foundation to represent an overarching normative framework for the entire business and society field. The analysis does so by comparing CSV with a series of other dominant business and society approaches including corporate social responsibility, business ethics, stakeholder management, sustainability, and corporate citizenship. The analysis finds that while CSV does address the fundamental business and society normative requirement that business activities should contribute to sustainable net societal value, it currently fails to adequately incorporate the equally important notions of (i) appropriately balancing stakeholder interests with those of the corporation's shareholders, as well as (ii) demonstrating sufficient accountability (i.e., taking responsibility) by properly reporting on and addressing any negative impacts resulting from the firm's activities. The paper concludes with a revised and expanded restatement of the CSV concept, which attempts to take into account and address its current theoretical limitations in order to enhance its appeal as an overarching business and society normative paradigm. [ABSTRACT FROM AUTHOR]

Orientation: This research conceptualised the effect of implementing creating shared value concept on organisational performance for the companies in the oil and gas sector in United Arab Emirates (UAE) and introduced the role of change management as mediating factor. Research purpose: The research aims to illustrate the influence of applying creating shared value (CSV) strategies on corporate organisational performance and craft the impact of change management practices on these organisations. Motivation for the study: This study was carried out after spotting the gap and inconsistency pattern in academic literature for the concept of adopting creating shared value as ecological and practical strategies to tackle the unprecedented challenges in the oil and gas sector after unprecedented crisis occurred. Research approach/design and method: The study adopted conceptual analysis as theoretical research methodology that focused on examining and clarifying the definitions, meanings and utilisation of study key variables within a certain field, hence it aimed to ensure the consistent and accurate application of these concepts. Main findings: This study successfully conceptualised the effect of CSV on organisational performance (OP). In addition, this study conceptualised the role of organisational change management (OCM) as a mediating variable on the relationship between CSV and organisational financial performance. Practical/managerial implications: This research crafted the dynamic flow chart for the variables that affect the organisational performance in the oil sector that led to enriching the understanding and prospects of managers and executives to utilise that model among their organisations. Contribution/value-add: This is the first study to enhance the perceptions of factors that influence corporate performance, especially among oil and gas companies in the UAE.

The objective of this study is to investigate the state of creating shared value (CSV) in China, where a number of societal pressures and issues, appear to offer businesses plentiful opportunities to apply the CSV model. The focus here lies on foreign businesses in China, which are commonly referred to as a key driving force behind China's economic growth. Following a review of relevant literature discussing both, the global as well as the Chinese context of companies "doing good," this study utilizes online and in‐person interviews to gather additional data to derive more insight into recent business practices, specifically analyzing which level of "doing good" foreign businesses in China are currently engaging in. For this empirical component of the study, Austrian businesses in China serve as the target population. The study's findings show, that while "doing good" has been a relevant topic for foreign businesses in China, many are still engaging in simpler ways of "doing good," such as philanthropy or Corporate Social Responsibility. Only few companies currently follow a CSV approach in China, yet a larger number find CSV a suitable approach for businesses in China, indicating that CSV does have potential as China continues her economic growth. The study concludes with recommendations for both, academia and business practice, and could potentially also serve as an inspiration for regulatory policies for foreign businesses in China. [ABSTRACT FROM AUTHOR]

Creating shared value (CSV) literature has heralded enterprises generating economic benefit while simultaneously adding value to society. Existing research predominantly employs the case study method to show that enterprises adopting CSV strategies have achieved commercial success. However, empirical investigations are still rarely undertaken to examine the effect of CSV on consumers. This study argues that a shared value proposition generates consumer engagement (CE) and fosters in customers a sense of brand community. To this end, a moderated mediation model is constructed to delineate the relationship between shared value proposition, sense of brand community, and brand engagement. The empirical results show that a shared value proposition has a positive impact on brand engagement, which is fully mediated by consumers' sense of brand community. The study also discovered that consumers' self‐construal does not moderate the relationship between shared value proposition and sense of brand community. We hope our study and the evidence it provides help to shed more lights on the understanding and impact of CSV and to support the application of CSV strategy in enterprise. [ABSTRACT FROM AUTHOR]

Ultra-processed foods are associated with metabolic dysfunction and driving chronic diseases. The Metabolic Matrix is a tool used to reformulate products to promote positive metabolic outcomes. The Kuwait Danish Dairy Company (KDD) has used this tool to develop a no-added-sugar products. This clinical trial tested the glycaemic response of a no-added-sugar ice cream in individuals with type 2 diabetes. The hypothesis was that the no-added-sugar ice cream would have a substantially better postprandial glycemic response than conventional ice cream in patients with type 2 diabetes. In this randomized cross over designed study, postprandial glycemic response was measured after 300 grams of no-added-sugar ice cream or normal ice cream was consumed. Despite similar composition and palatability, the postprandial responses were better with the no-added sugar ice cream, albeit that the natural sugar in the product still resulted in a marked postprandial glycaemic response. This finding emphasizes the necessity of clearly communicating to both patients and healthcare professionals that “no-added-sugar” does not equate to “zero total sugar.” The path to improved metabolic health involves not only product improvement but also transparent messaging to enable informed dietary choices. Reformulation resulting in palatable no-added sugar products provides an opportunity for companies to Create Shared Value by addressing the important social problems such as obesity and type 2 diabetes, by creating scalable solutions, that are profitable.Clinical trial registration:ClinicalTrials.gov, identifiers NCT06135935.

Objectives University social responsibility still lacks legitimisation and is perceived as a burden that hinders academics from doing research and teaching. Creating Shared Value by the University may serve as a tool to motivate universities to engage in initiatives for society, as this is beneficial for both parties. Yet, some researchers perceive the creation of economic value as inappropriate for academia. Thus, it was interesting to examine how the world's best universities elaborate on this matter. Material and methods A thematic analysis of textual data published online by universities in the top 30 in THE Impact Rankings 2022 has been conducted to determine if they create shared value and what benefits they create or expect. Results Signs of indirect Creating Shared Value by the University were observed in the dataset. Some universities create social and economic benefits from the same initiatives, mainly strategic. The observed benefits are both intangible and tangible, but most are related to increasing brand value: receiving recognition and awards, building reputation, strengthening competitive advantage, boosting brand attractiveness, and employer branding. Universities modestly mention that they gain tangible benefits, such as an expansion of research funds, and earned or passive income, which may point out that such values are not perceived as suitable in an academic context yet. Conclusions The results shed new light on the perception of creating economic value in academia, indicating that CSVU could be a legitimate tool to develop the theory and practice of USR. Still, results suggest that any CSVU framework should focus primarily on intangible benefits.

Objective: The purpose of the article is to present the genesis of the concept of Creating Shared Value (CSV), re-conceptualise it, and point out the main dimensions of value creation. In addition, the article describes the existing interdependencies between the various dimensions and the distinct approaches to defining these dimensions. Research Design & Methods: The article presents the results obtained from an expert survey conducted using the Delphi method. The survey allowed us to obtain experts’ opinions on approaches to defining the creation of shared value and its dimensions. Findings: The results obtained suggest a different approach to understanding and defining the concept of CSV and the dimensions of value creation. In the study experts pointed to the connection of the CSV concept with other management theories and concepts in corporate social responsibility and sustainability. They emphasised the role of creating shared value to different stakeholder groups in the complex internal and external business environment. The difficulty of linking company strategy, business models, and activities with social, environmental, or economic goals was pointed out. Implications / Recommendations: The article presents the results obtained from the first part of a study aimed at constructing a tool to measure the creation of shared value. They are the starting point for both the development of the dimensions of the construct and the factors which can be measured to evaluate the creation of social, economic and environmental value in each dimension. Contribution: The article contributes to the understanding of the concept of CSV as a management theory in the context of enhancing the competitive position of organisations and provides a methodological basis for developing a CSV measurement tool.

Sustainable development (SD) involves a massive variety of stakeholders with differing objectives and values, and consequently comes with tensions and tradeoffs among such stakeholders. Yet, at the same time, these stakeholders often manage to create win–wins and synergies. Prior studies have not fully addressed the question of how stakeholders manage conflicts while creating synergies in the process of sustainable development. Focusing on the socioeconomic dimensions of sustainable development, we offer an empirical study on the tension-managing and synergy-creating process of sustainable development in the setting of SABMiller's cassava-based beer production project in Africa. The key approach in our study is to systematically capture fine-grained firm-stakeholder synergistic and contentious interactions that took place in specific situations over time throughout the production project. We then weave those fine-grained interactions together to create a process view of the project. Based on the process view through the contention–synergy lens, our study reveals some key insights on the internal dynamics of the process of sustainable development along socioeconomic dimensions, contributing to the current literature on socioeconomic sustainable development. [ABSTRACT FROM AUTHOR]

Copyright of Recherches en Sciences de Gestion is the property of ISEOR and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Galician Journal of Economics / Revista Galega de Economía is the property of Universidad de Santiago de Compostela, Servicio de Publicaciones and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Indonesian Journal of Business & Entrepreunership is the property of IPB University and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Creating shared value (CSV) is a strategic approach that links economic value creation with social and environmental contribution. Despite the popularity of the concept, a clear approach to the construct and its measurement needs further research. This study analyzes and proposes the factors that condition the development of social/environmental strategies by companies that influence shared value strategies and their effects on social, environmental, and economic benefits. The analysis of the literature complemented by a qualitative analysis has allowed us to justify the construct and its dimensions. We propose a conceptual model that considers the main dimensions of the concept and formulate, pending verification, a measurement instrument for CSV strategies. [ABSTRACT FROM AUTHOR]

Urban agriculture is essential in establishing a localized, sustainable food system due to its multifunctional nature in addressing various urban challenges. Despite the recognition that a localized, sustainable food system offers an opportunity to create shared value (CSV), where agriculture generates social and economic value, the impact of environmental and social sustainability practices on farm continuity remains unclear. This paper identifies the impact of sustainability practices on long-term farm development from the perspective of the strategic intentions of urban farmers using a questionnaire survey of 205 urban farms in Japan. Our primary findings are as follows. First, we found that strategic sustainability practices positively impact farm continuity, underscoring the significance of CSV management in sustainable urban farm development. Second, the cluster analysis revealed three strategic groups: socially conscious CSV farms (32.2%), environmentally friendly farms (47.3%), and less sustainable farms (20.5%). Consequently, the socially conscious CSV farms have higher farm continuity than the other groups. For policymakers, promoting awareness of environmentally friendly farms among urban residents and involving diverse stakeholders in supporting less sustainable farms are crucial measures to enhance farm continuity. [ABSTRACT FROM AUTHOR]

Given the significance of entrepreneurial women's contribution to the tourism industry and the fifth UN Sustainable Development Goal (gender equality) this study aims to investigate: first, the interrelationship between women entrepreneurship, creating shared value, and women's empowerment; and second, the effect of gender-based discriminations on women's entrepreneurship, creation shared value, and women's empowerment in the tourism context. Data were collected from 167 Iranian women operating various tourism-related enterprises and analysed using structural equation modelling in WarpPLS software. The results highlight the positive direct and indirect effects of female entrepreneurship on women's empowerment and the importance of the mediating role of creating shared value between these two constructs. The results also confirmed the negative impacts of gender-based discrimination in entrepreneurship and creating shared value for female tourism entrepreneurs in Iran. The practical implications of the study, limitations, and potential directions for future research are discussed. [ABSTRACT FROM AUTHOR]

To date, few researchers have linked open innovation approaches with triple bottom line corporate sustainability objectives in terms of economic, social, and environmental performance. A systematic review suggests that the businesses' collaborative relationships with external consultants or organizations can increase their competitive advantage, as external stakeholders could assist them in the development of sustainable innovations, diversification into different markets, and in the generation of new revenue streams. At the same time, they can support them in addressing numerous deficits in society. On the other hand, this contribution implies that an organizational culture that promotes open innovation approaches could expose practitioners to risks and uncertainties, like revealing sensitive information to outsiders, among others. In reality, it may prove difficult for the businesses to trust new partners, as they are not subject to their organizations' codes of conduct, rules, and regulations. [ABSTRACT FROM AUTHOR]

This study offers a comprehensive analysis of Nescafe's Corporate Social Responsibility (CSR) strategy within the context of Indonesia. Employing a literature review methodology, the research draws on an extensive range of sources, including prior journal articles and official Nescafe company reports, to unravel the intricacies of Nescafe's CSR approach. The focal point of this examination is the globally recognized multinational coffee producer, Nescafe. The research involved an exhaustive review of eight selected journal articles that delve into Nescafe's CSR initiatives and sustainability reports. The outcomes of this analysis unveil a holistic perspective on Nescafe's sustainability strategy in Indonesia. A central facet of this strategy is dedicated to addressing pressing environmental concerns, chiefly marked by the ambitious objective of reducing greenhouse gas (GHG) emissions by an impressive 35% per metric ton of soluble coffee. This reduction is meticulously monitored through regular assessments encompassing critical factors such as water resources, soil quality, and biodiversity. Notably, the paramount goal of Nescafe's CSR program in Indonesia is to support local coffee farmers, enabling the distribution of Nescafe coffee products throughout the country. In a symbiotic relationship, Nescafe leverages the strengths of local farmers to source raw materials while simultaneously imparting advanced production technologies, ultimately enhancing the quality of the products. The depth of Nescafe's commitment to CSR is manifest through a plethora of documented programs and activities, all thoughtfully disseminated via the company's official website. This study provides a valuable lens through which to understand Nescafe's strategic CSR and sustainability efforts, underscoring the company's role in fostering environmental sustainability, uplifting local communities, and elevating product quality in Indonesia. [ABSTRACT FROM AUTHOR]

Copyright of Cracow Review of Economics & Management / Zeszyty Naukowe Uniwersytetu Ekonomicznego w Krakowie is the property of Cracow University of Economics and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

University social responsibility still lacks legitimisation and is perceived as a burden which hinders academics from doing research and teaching. The concept of Creating Shared Value by the University may serve as a tool to motivate universities to engage in initiatives for society, as this is beneficial for both parties, yet some researchers perceive the creation of economic value as inappropriate for academia. Thus, it was interesting to look closer at how the world's best universities elaborate on this matter. A thematic analysis of textual data obtained from the THE Impact Rankings 2022 webpages has been conducted. We have found that when the world's best universities elaborate on their USR practices, they mention the benefits they gain or expect to receive in return, which may be associated with creating shared (social and economic) value. [ABSTRACT FROM AUTHOR]

Porter and Kramer abandoned the traditional view of trade‐offs and proposed the concept of "creating shared value", which integrates social and environmental needs into a company's core business to improve both society and the environment while enhancing its competitiveness. Whether creating shared value strategy can achieve corporate sustainable development should be urgently investigated. With the resource‐dependence theory and resource‐based theory, the positive impacts of creating shared value strategy on corporate social, environmental, and financial performances are theoretically analyzed and empirically tested from the perspectives of resource provision and acquisition. In further analysis, the mechanism test based on "sharing value" suggests that creating shared value strategy can strengthen its competitiveness by fulfilling social and environmental responsibilities. The consequences test demonstrates that creating shared value strategy promotes the provision of technological resources and information resources, which is conducive to the acquisition of market resources, human resources, and capital resources. [ABSTRACT FROM AUTHOR]

Firms are commercializing new business models using various types of data. The Japan Weather Association has handled a huge amount of meteorological data and developed a number of weather forecasting and disaster prevention projects. With the recent evolution of digital technology, they have succeeded in developing a product demand forecasting service by combining weather data, sales data, and consumer behavioral data. Despite falling outside of the Association’s core interest of disaster prevention, the researchers identified the opportunity to cooperate with companies in other industries and launched a subscription business model for their product demand forecasting service in the white space. The association was able to develop this product demand forecasting service thanks to advances in weather forecasting technology, which can now predict the future to a degree, along with the capabilities of their human resources (i.e. weather forecasters). In addition, as a social business player, the core value of “solving social issues” pushed the evolution out of the core space.

Indonesia's engagement in the Sustainable Development Goals (SDGs) has prompted the implementation of mandatory SDG support measures for companies. However, challenges remain in the energy sector due to limited understanding and participation. This study investigates the effects of Green Innovation and Creating Shared Value as independent variables on the dependent variable Environmental Development Pillar, focusing on energy sector companies listed on the Indonesia Stock Exchange (IDX) from 2017 to 2021. Content analysis was employed to extract information from corporate sustainability reports regarding SDG-related disclosure, specifically Goals 6, 11, 12, 13, 14, and 15. A purposive sampling technique yielded a sample of 66 energy sector companies, with 10 meeting the selection criteria. Multiple linear regression analysis, conducted using SPSS version 29, revealed a significant influence of Green Innovation and Creating Shared Value on the Environmental Development Pillar. This study suggests that energy sector companies should prioritize environmentally conscious and socially responsible policies and that the Indonesian government should assess the Environmental Development Pillar guidelines, adapting them to various corporate sectors within the country. [ABSTRACT FROM AUTHOR]

Microfinance is the provision of financial services to disadvantaged people and the financially excluded, often with a social mission of poverty alleviation and women empowerment. There are many different forms of microfinance institutions (MFIs): for-profit, not-for-profit and state-owned, all of which use different strategies to improve socio-economic status of their clients. The objective of this paper is to examine the alternative strategies of MFIs in Nepal. Primary data was collected through structured questionnaires from 240 women clients of three MFIs. Parametric and non-parametric tests, and exploratory factor analysis have been applied for analysis. The results show that MFIs have different segmentation strategies for their clients, focusing on income levels, total consumption and the number of children. Surprisingly, it was found that the private MFI was reaching poorer people than other MFIs. Our results show that MFIs look at total consumption expenditure rather than total income. Private MFIs target different activities for giving loans compared to government-owned MFIs. The communication strategy of the MFIs is different since the clients of government-owned MFI are better educated and are more likely to read the newspaper. The exploratory factor analysis shows that respondents perceived poverty alleviation and empowerment. The most influencing factors are related to an increase in consumption expenditure, followed by an increase in capital expenditure. [ABSTRACT FROM AUTHOR]

This research paper examines the implementation of Creating Shared Value (CSV) at PT Pegadaian (Persero) through its Alamanda Sejahtera Waste Bank Assistance Program in Bekasi City. The study aims to describe the program formulation and implementation of CSV in the waste bank assistance program. CSV, proposed by Michael Porter and Mark Kramer in 2011, emphasizes The importance of creating shared value between companies and society. This concept gives a win-win Solution where companies can achieve their business goals while providing benefits to the community and the environment. The approach and type of research used in this study is a qualitative research with a descriptive approach. The research focuses on PT Pegadaian (Persero), a state-owned financial company that has successfully reduced non-organic waste by 3,600 tons from 2018 to 2022 through its waste bank assistance program. The research contributes to the understanding of CSV implementation in the Indonesian context, focusing on PT Pegadaian (Persero)'s waste bank assistance program. Through this program, the company has not only made a positive impact on the environment by reducing non-organic waste but also created shared value by involving waste bank managers as Pegadaian agents. The findings shed light on the benefits of integrating financial services with waste management initiatives, demonstrating how companies can achieve their business goals while contributing to societal well-being. This research serves as a valuable reference for other financial institutions and organizations interested in implementing CSV and promoting sustainable practices in their operations. [ABSTRACT FROM AUTHOR]

The concept of Creating Shared Value (CSV) is gaining prominence in industries as an approach to creating and distributing value among stakeholders. However, transitioning to CSV requires a thorough understanding of key adoption factors. The objective of this study is to identify the factors influencing the decision to create shared value and establish a hierarchical relationship between them. This study draws support from the literature to identify the enablers and barriers to CSV. Total interpretive structural modelling–polarity is used to design a hierarchical framework to determine the key factors, which are then classified using cross-impact matrix multiplication applied to classification (MICMAC analysis). Results show that industry characteristics, corporate governance mechanisms, innovation and technology, and information dissemination drive the adoption of CSV in an organization to generate financial benefits and ensure long-run survival. It is achieved through improved stakeholder relationships, the development of competitive advantage, and enhanced customer satisfaction. In addition, elements like enhanced costs and complexity in the value chain diminish the overall strategic gains. The findings contribute to the theory of CSV by identifying building blocks for its implementation and offering useful key insights to the managers for its implementation. Classification of these factors will aid in determining the key factors while concentrating on the outcomes. The study further reveals that the identification of pitfalls of CSV through determining the polarity of the links will safeguard the managers by mitigating the risks. [ABSTRACT FROM AUTHOR]