Abstract: Abstract The COVID‐19 pandemic has affected transnational migrant entrepreneurs due to deglobalization. It has limited their cross‐border mobility as well as collapsed the international value chain; their multiple embeddedness, which requires them to cope with two or more contexts; and the nature of transnational businesses, which are often more vulnerable than others. While entrepreneurship scholars have rapidly responded to the pandemic, its impact on this specific type of entrepreneur has not been investigated. This exploratory, interview‐based study identified three patterns of the entrepreneurial response of transnational migrant entrepreneurs to the pandemic: (1) balancing between multiple institutions, (2) mobilizing transnational social capital, and (3) adapting transnational value creation. Furthermore, this study identified factors on the individual, network, and macro levels that influence transnational migrants' entrepreneurial response to the pandemic. This study's findings revealed how entrepreneurs leverage cognitive flexibility and resource advantages from their multiple embeddedness to mitigate the adverse situation, find alternative strategic orientations, and explore and exploit emerging opportunities during the pandemic. The results of this study contribute to the emerging scholarly discussions on entrepreneurship under the COVID‐19 pandemic by elaborating on the unique contexts and entrepreneurial agents as well as add value to the literature on transnational migrant entrepreneurs by exploring their crisis response.

Abstract: Natural disasters are increasingly impacting the lives of organizations. The COVID-19 pandemic has brought attention to how organizations improve their resilience and learn how to emerge stronger after such events. While there has been little integration between the literature on organizational learning and resilience, this article draws on both streams of literature to develop a conceptual framework that distinguishes three different organizational processes emerging in the aftermath of a disaster (resilience, learning from disasters, and learning through disasters). Each response is characterized by a specific outcome, mechanism, and temporal orientation. Moreover, the proposed framework discusses the dynamic relationships between these responses. While learning from disasters and resilience combine in a cyclical dynamic that leads to an upgrade in existing organizational capabilities, learning through disasters involves a transformative dynamic that leads to expanding organizational capabilities in new domains. This article is of value to both practitioners and scholars. For managers, it derives practical implications for improving the organization's capacity for transformation in the aftermath of a disaster such as COVID-19. For scholars, it contributes to the debate about the long-term interrelation between different organizational response to disasters and sheds light on the mechanisms of organizational renewal in the aftermath of a disaster. © 2022 The Author. Business and Society Review published by Wiley Periodicals LLC on behalf of W. Michael Hoffman Center for Business Ethics at Bentley University.

Abstract: The transition in governmental approach towards corporate social responsibility (CSR) from voluntary to mandatory has received much attention in the recent literature, mainly because the delegation of its role in social development has rarely been provided. In this context, the questions we raise are: Does mandatory CSR leads to higher expenditure? How does it affect business leaders' intrinsic motivation to spend on CSR? The case of India's section-135 of Companies Act, 2013 shows that mandatory CSR has made companies more responsible by raising the level of CSR expenditure and positively affecting business leaders' intrinsic motivation to incur CSR expenditure. However, this gain has come at a cost as CSR expenditure has become more sensitive to profit, which is undesirable from society's perspective. The study uses instrumental theory and motivation-crowding theory to explain the CSR behavior of NIFTY 100 companies from financial year 2009–2010 to 2018–2019. Overall, results of the present study suggest that government should prefer the approach of mandatory CSR with some precautions to instrumentalize the rising success of corporate sector for addressing the environmental and social issues in country.

Abstract: Microfinance is a preferred development tool in many developing countries around the world; however, the industry has been facing many challenges in recent years, including the attainment of financial sustainability. Therefore, this study is aimed at investigating the effect of employee turnover on the financial performance of microfinance institutions (MFIs). The study utilized unbalanced panel data of 1561 unique MFIs from 2010 to 2018. The data were then analyzed by conventional econometric techniques such as the pooled ordinary least squares, random effects model, fixed effects model, Hausman–Taylor, and the two-step system generalized method of moments. Considering the linear relationship, it was discovered that employee turnover has a negative effect on the financial performance of MFIs. However, this relationship is dependent on the proxies of financial performance, legal status, location, profit orientation of the MFIs (for subsample analysis), and the technique(s)/model(s) employed in the analysis. Furthermore, the study did not find empirical evidence to support the quadratic relationship between employee turnover and the financial performance of MFIs. The outcome of this study advances important policy implications for concerned stakeholders.

Abstract: Abstract This article introduces the eight articles and three invited essays that comprise the special issue: Business and Society in the Age of COVID‐19. In doing so, it also surveys COVID‐19‐related research in the Business & Society field, revealing five themes.

Abstract: In today's world, businesses are involved in several different initiatives to gain sustainable performance, which can discourse the expectations and demands of society. Emerging economics faces numerous challenges in terms of social, relational, governance, and financial, which made it necessary for firms to perform responsibly in order to make positive contributions toward sustainability. Therefore, this study based on upper-echelon theory constructs a comprehensive framework on responsible leadership, corporate social responsibility, and managerial discretion to provide the guideline for business sustainability. To fulfill the study purpose, an empirical analysis was performed on 382 Pakistani respondents' data by using PLS-SEM through SmartPLS. Outcomes of the study indicated that responsible leadership entails enormous importance in corporations to influence their impact on society, environment, and economy, which leads to business sustainability. Moreover, the study provides insights into that more responsible and experienced leaders are better able to identify the concerns of their firm's stakeholders in the manners of relational, governing, and orientational perspectives, which help them in satisfying the stakeholders' and society's demands. Hence, responsible leadership enables the firm to better strive for sustainability by applying better CSR activities and directing the decisions by maintaining the compliance of the managers. Furthermore, the current study concluded that the managers and leaders of firms need to develop their business models in such a way that it supports the triple bottom line performance of the firm so that they can achieve sustainability. This study would help managers of firms to realize that they should reexamine their leadership practices and behaviors with the consideration of the triple bottom line framework and integrate the sustainable approach and CSR practice into their business strategy so that they can accomplish the goal of sustainability for business and fulfill the social demands and expectations.

Abstract: Business and Society ReviewVolume 127, Issue 2 p. 531-534 BOOK REVIEW Hooked—Food, free will, and how the food giants exploit our addictions. By Moss, Michael: Random House, 2021. ISBN 978-0-8129-9729-3 John F. Hulpke, Corresponding Author John F. Hulpke john.hulpke@berkeley.edu john.hulpke@ucd.ie orcid.org/0000-0001-5011-6755 University College Dublin, Singapore Office, Singapore Correspondence John F Hulpke, University College Dublin, Singapore Office, Singapore. Email: john.hulpke@berkeley.edu; john.hulpke@ucd.ieSearch for more papers by this author John F. Hulpke, Corresponding Author John F. Hulpke john.hulpke@berkeley.edu john.hulpke@ucd.ie orcid.org/0000-0001-5011-6755 University College Dublin, Singapore Office, Singapore Correspondence John F Hulpke, University College Dublin, Singapore Office, Singapore. Email: john.hulpke@berkeley.edu; john.hulpke@ucd.ieSearch for more papers by this author First published: 02 June 2022 https://doi.org/10.1111/basr.12278Read the full textAboutPDF ToolsRequest permissionExport citationAdd to favoritesTrack citation ShareShare Give accessShare full text accessShare full-text accessPlease review our Terms and Conditions of Use and check box below to share full-text version of article.I have read and accept the Wiley Online Library Terms and Conditions of UseShareable LinkUse the link below to share a full-text version of this article with your friends and colleagues. Learn more.Copy URL Share a linkShare onFacebookTwitterLinked InRedditWechat Volume127, Issue2Summer 2022Pages 531-534 RelatedInformation

Abstract: This explores what responsible business practice within the context of Malaysia, an Eastern collective society, diverging from the Western individualistic society where most Corporate Social Responsibility (CSR) research originates. A bottom-up approach was adopted, incorporating different stakeholder perspectives of a case-study firm, widely acknowledged for its CSR programs. Concept mapping method was selected because it is a structural conceptualization method designed to organize and represent ideas from an identified group adding structure to disorganized and subjective ideas. By using concept mapping all the various perspectives and ideas were brought together to create a single conceptualization. The findings from the concept mapping present 101 statements which produced seven clusters; Products & Services, Community Oriented, Stakeholder & Business Value, Employee Oriented, Legal & Ethical Responsibilities, Environmental & Social Oriented, and Philanthropic Oriented. These clusters covered the whole conceptual domain of Corporate Citizenship and demonstrated multiple CSR theories, including corporate sustainability, stakeholder concept, and shared value, were apparent, while also uncovering some unique aspects from the normative stakeholder perspective. The implications of this study suggest that while some aspects of globally institutionalized CSR are generically accepted, there are contextually specific aspects which need to be considered as these may contradict or conflict with the “global” standards.

Abstract: In order to further enhance our understanding of strategic philanthropy within business and society, our paper proceeds as follows. First, we discuss the process driving evolutionary change in philanthropy. Next, we discuss the actual development of strategic philanthropy. This includes a brief US history of salient events in corporate giving, with attention paid to the regulatory, business, and social contexts related to corporate giving. Finally, in the discussion section, we present a modified continuum of corporate giving, based on previous research and our analysis, extending from a focus on bettering society, on the one hand - to that of advancing the firm's interests, on the other.

Abstract: To examine how different ownership structures, varying from diverse ownership bases to narrow ownership bases, influence the extent of corporate social responsibility (CSR) reporting by companies in emerging market. The motivation for this study is the reported inconsistent results for this association in developing countries and the lack of research in emerging markets. Eight hundred observations of 80 nonfinancial sector listed companies in the Amman Stock Exchange for the period 2006 to 2015 were used for a content analysis to assess the extent of CSR reporting. Ordinary least square multiple regression analysis was undertaken to examine the association between five different ownership structures and their extent of CSR reporting. The results reveal three separate associations between the types of ownership and the extent of CSR reporting. First, the two types of ownership (foreign and government) have a significant and positive influence on the extent of CSR reporting. Second, another two types of ownership (Family and managerial) have a significantly negative association. Finally, institutional ownership has an insignificant and negligible influence on the extent of CSR reporting. These findings provide insights into how ownership structure influences the CSR reporting extent by emerging market companies such as Jordan. These findings suggest that policy makers, regulatory bodies, companies, and investors should increase their awareness about how different concentration of company ownership influences the extent companies voluntarily disclose CSR reporting. The evidence adds to the limited body of knowledge about different ownership groups' influence on the extent of CSR reporting in a developing country because few empirical studies have undertaken such a comprehensive analysis of this association.

Abstract: Abstract The values people hold tend to be relatively enduring. An important exception appears to be values adaptation in response to major, life‐altering situations. Major events can act as triggers for people to adapt their values based on the new context. In particular, collective traumas—such as the COVID‐19 pandemic—may incite immediate values change. The aim of the current paper is to compare business school students' value orientations before and after the COVID‐19 global pandemic outbreak. We investigated responses from two comparable samples of business students: one surveyed before and one surveyed after the outbreak of the COVID‐19 pandemic. The subjects' individual value orientations were aggregated and analyzed by comparing the distribution of the first group's pre‐COVID‐19 outbreak responses with the second group's post‐COVID‐19 outbreak responses regarding the importance given to values in the Rokeach Values Survey. We further explored specific demographic differences in personal versus social orientations and competence versus moral orientations for our samples. Results confirm differences in business school students' pre‐COVID‐19 outbreak versus post‐COVID‐19 outbreak value orientations, with the post‐COVID‐19 outbreak sample reporting greater attention to social values, as predicted, and competence values, not as predicted. Implications of our findings are discussed.

Abstract: This op ed argues that the pandemic has highlighted the emergence of a new type of entity called a transformation catalyst (TC). TCs help collections of initiatives with similar agendas see and understand their system, connect to like-minded others to develop coherence for their efforts, and thereby amplify their impact by working in coherence and sometimes coordinated—yet independent—ways. Such efforts around issues like reframing the purpose of business or efforts to transform business sectors are enhanced and their effectiveness catalyzed by TCs. TCs work by helping initiatives see and understand their system, connect with like-minded others, and cohere their efforts. These activities can amplify the impacts of initiatives to bring needed system transformation into being.

Abstract: Research on corporate crises has yielded numerous, partly overlapping crisis concepts from the corporate perspective without adequately addressing the stakeholder perspective and sustainability and corporate social responsibility characteristics. This conceptual paper aims to develop a stakeholder-oriented typology of corporate sustainability crises. For this purpose, conceptual gaps and requirements are identified, and a theoretical framework is developed from which stakeholder-related typology criteria are derived. The typology developed differentiates between eight crisis types that are interrelated and can also develop dynamically over time. By including and delimiting various crises concepts within a uniform framework, this paper contributes to the further development of knowledge in this still underdeveloped research field. As a result, insights into the early identification and further development of crises can be gained, which is especially important for crisis managers. In addition, public policymakers and actors of nonstate governance are supported in assessing the prerequisites and potentials of companies and stakeholders as actors of nonstate governance in dealing with various types of corporate sustainability crises, thereby contributing to achieving sustainability goals.

Abstract: This study examines whether acquirers support targets' superior corporate social responsibility (CSR) and/or remedy targets' greater CSR problems during the post-merger integration process using multinomial logit and panel regression models. Furthermore, the study examines the subsequent impact of the acquirers' decision regarding target stakeholder welfare on acquisition performance based on the post-announcement performance of stock returns. Consequently, we find that acquirers generally do not adopt the superior CSR performance of target firms but instead support their better environmental and product CSR. However, the acquirers do not remedy any of the target's greater CSR problems. This study also reveals that the acquirers supporting targets' superior overall CSR have higher post-announcement stock returns than others. Meanwhile, post-announcement stock returns are lower when acquirers fail to fix the targets' greater CSR problems. As this study extends findings from recent scholarship reporting a positive association between CSR and acquisition performance, it sheds light on the importance of stakeholders' welfare in mergers and acquisitions.

Abstract: Abstract The COVID‐19 crisis will continue to have an immense impact on society, especially on the economic livelihood of ordinary people worldwide. Given the role of business schools in training managers to lead organizations and people across industry, the COVID‐19 crisis highlights a new opportunity to reflect on the purpose of the business school, which stakeholders it serves, and how it might evolve toward broader consideration and effective anticipation/response to pressing societal issues. Thus, we set out in this study to investigate these questions by examining the role that Harvard Business School played during World War 2, a crisis that also had an unprecedented impact on society. Based on this examination, we highlight the importance of flexibility and organizational innovation in times of crisis. We also discuss how the business school might expand its focus and its audience to consider broader societal issues, allowing it to better prepare students to serve society in the future, where the next crisis might be right around the corner.

Abstract: Abstract Despite some work dealing with occupational health and marketing unhealthy products, the business and society largely ignores the impacts of business on health. Focusing on employees and consumers, the literature does not take into account the impacts of business on the health of community members in general. Given work in such fields as public health, geography, and history, there is an ample basis upon which to construct a new line of research for business and society scholars—business and health. This essay develops ideas on how such a line of inquiry might proceed.

Abstract: One of the greatest challenges facing crisis management is the cold hard fact that the most disparate and seemingly unrelated crises have a strange way of linking up and thus of doing even greater damage than if they had occurred simply and solely by themselves. It thereby poses an even greater challenge to what we not only take as reality, but how we manage it. © 2022 W. Michael Hoffman Center for Business Ethics at Bentley University.

Abstract: The purpose of this research is to explore antecedents of leaders' value systems towards a prosocial value orientation. Using a socio-cognitive model on stages of adult values' development, the spiral dynamics model, the study revealed specific catalysts over the life span of a leader. A qualitative, exploratory method was used to gain new insights by conducting 19 semi-structured interviews with senior leaders in various industries in South Africa. Key findings include that as leaders develop, their value systems adjust, causing them to transcend in the spiral dynamics model, from the self-enhancement focused to the other focused or self-transcendent values. Catalysts play a nuanced role in this development, where early life role models cultivate other-focused values, whereas career role experiences activate self-focused values of achievement and resilience. When leaders received opportunities for taking on larger roles, they seem to transition to caring more about people and integrity and setting an example of integrity. The study offers a conceptual framework to deepen our understanding of the development of leaders' value systems and the importance of reflection. Organizations could benefit from taking note of these recommendations to develop their leaders' prosocial value orientations.

Abstract: This paper argues that identity economics and social psychology provide a useful frame of reference to interpret supererogatory actions and suggests that identity of companies can be a driving force behind these actions. Companies may perform actions against the narrow sense of economic rationality if those actions serve purposes of high importance for them. The climate crisis and the more recent COVID-19 crisis call for supererogatory actions by companies more than ever before. © 2022 The Author. Business and Society Review published by Wiley Periodicals LLC on behalf of W. Michael Hoffman Center for Business Ethics at Bentley University.

Abstract: Abstract Diabetes contributes to COVID‐19 deaths in Colombia and Mexico, where the latter having the highest prevalence of diabetes among OECD countries. Some reports consider that advertising influences diabetes by confusing labels on ultra‐processed foods and soft drinks that lead to unhealthy food choices. Both countries are in the process of modifying their labeling legislation; however, governments and food industries have pushed to delay its implementation. Using a mixed research design, we interviewed 550 consumers in both countries during June–July 2020; a high number of respondents misunderstand today's food labeling and are unaware of the new labeling legislation. Respondents strongly agree that the food industry should be in charge of changing the labels; otherwise, they would consider not buying their products. Using cluster analysis, we identified three groups that would help design public policies, nutritional and educational campaigns. Although changes in food labeling alone are not enough to reduce obesity and diabetes rates, food labels constitute public health tools due they assist consumers to make food and nutritional choices (considering that nutrition can help prevent and overcome COVID‐19). The costs of maintaining current labels could increase Colombians and Mexicans illnesss and poverty. These deceptive practices of the food industry would harm their brands.

Abstract: No abstract is available for this article.

Abstract: Business and Society ReviewVolume 127, Issue S1 p. 145-145 ISSUE INFORMATIONFree Access Issue Information First published: 16 March 2022 https://doi.org/10.1111/basr.12226AboutPDF ToolsRequest permissionExport citationAdd to favoritesTrack citation ShareShare Give accessShare full text accessShare full-text accessPlease review our Terms and Conditions of Use and check box below to share full-text version of article.I have read and accept the Wiley Online Library Terms and Conditions of UseShareable LinkUse the link below to share a full-text version of this article with your friends and colleagues. Learn more.Copy URL Share a linkShare onFacebookTwitterLinked InRedditWechat Abstract No abstract is available for this article. Volume127, IssueS1Special Issue: BUSINESS AND SOCIETY IN THE AGE OF COVID‐19Spring 2022Pages 145-145 RelatedInformation