Corporate social responsibility practice, corporate ethics and corporate performance of Nanjing Iron and Steel Company: Basis for corporate performance framework for steel industries

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Corporate social responsibility practice, corporate ethics and corporate performance of Nanjing Iron and Steel Company: Basis for corporate performance framework for steel industries

International Journal of Research Studies in Management
CollabWritive Special Issue
2023 Volume 11 Issue 9

Available Online: 25 August 2023

Author/s:

Wang, Tian
Graduate School, Lyceum of the Philippines University – Batangas, Philippines

Abstract:

This study aims to ascertain the business performance, corporate ethics, and corporate social responsibility practices in the iron and steel industry. The study aims to ascertain corporate social responsibility practices in relation to people’s public duty, moral behavior, and support for public welfare. It also describes corporate ethics in terms of moral principles, moral norms, and moral activities. At last, the importance of the connection between corporate ethics, CSR practices, and performance is evaluated in terms of learning, growth, internal business processes, and financial performance. Finally, it develops a corporate performance model for the steel industries. The descriptive method of research was utilized to gather data from 300 employees at Nanjing Iron and Steel Co. Results revealed that The corporate responsibility practices are strongly agreed by respondents firstly, public duty followed by moral behavior and public welfare support, Corporate ethics strongly agreed by respondents are moral principles, moral activities and moral norms respectively; In corporate performance, the internal business process was ranked foremost as strongly agreed by respondents with the financial and learning and growth as both ranked second. Corporate social responsibility, corporate ethics, and performance are all significantly correlated. Lastly, a corporate performance model for the steel industries is suggested based on the study’s findings.

Keywords: corporate ethics, corporate performance, corporate performance model, corporate social responsibility

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DOI: https://doi.org/10.5861/ijrsm.2023.1125

Cite this article:
Wang, T. (2023). Corporate social responsibility practice, corporate ethics and corporate performance of Nanjing Iron and Steel Company: Basis for corporate performance framework for steel industries. International Journal of Research Studies in Management, 11(9), 155-166. https://doi.org/10.5861/ijrsm.2023.1125