Sustainable Corporate Development Model Designing: Explaining the Role of Corporate Social Responsibility, Corporate Governance, and Creating Shared Value

Document Type : Research/Original/Regular

Authors

1 MSc. Student, Faculty of Management and Economics, Tarbiat Modares University, Tehran, Iran

2 Assistant Professor, Faculty of Management and Economics, Tarbiat Modares University, Tehran, Iran

3 Professor, Faculty of Management and Economics, Tarbiat Modares University, Tehran, Iran

Abstract

In recent years, special attention has been paid to corporate sustainability, both in the business model and in the case of companies that have been eliminated from the competition, their lack of attention to such areas as corporate social responsibility, the creation of shared values with the stakeholders, and appropriate governance corporation. The present study intends to design an integrated, sustainable corporate developmental model based on the corporate social responsibility, the corporate governance, and the creation of shared value in general. This study is a descriptive-correlational research project and is a descriptive-correlational one in terms of purpose. The statistical population consists of 13 companies that have received the national award. The data was collected from available sample cases through questionnaires and was analyzed by AMOS software. The results indicate that corporate social responsibility with a strength rate of 69%, and the creation of shared value with a 63% intensity rate can affect the company's development sustainability. On the other hand, corporate governance improves the corporate social responsibility and generates shared value for stakeholders. It has also an indirect impact on the sustainability of companies with a strength rate of 27%.

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References

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Social Capital Management
Volume 6, Issue 3
October 2019
Pages 305-325

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