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 intends to determine the corporate social responsibility practices, corporate ethics and corporate performance in an iron and steel company industry. Specifically, the study intends to determine the corporate social responsibility practices in terms of people public duty, moral behavior, public welfare support; describe the corporate ethics in terms of moral principles, moral norms, moral activities; determine the corporate performance in terms of financial performance, internal business process, learning and growth; test the significant relationship among corporate social responsibility practices and corporate ethics to corporate performance; and finally, develop a Corporate performance model for 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; there is highly significant Relationship Among Corporate social responsibility, Corporate Ethics and Performance. Finally, from the results of the study, a Corporate performance model for Steel industries is proposed.

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