Changes in Management Trends in 100 Global Companies before and after COVID-19: A Topic Modeling Approach

Hyeonjeong Park, Taewoo Kim and Keuntae Cho ()
Additional contact information
Hyeonjeong Park: Graduate School of Management of Technology, Sungkyunkwan University, Suwon 16419, Republic of Korea
Taewoo Kim: Graduate School of Management of Technology, Sungkyunkwan University, Suwon 16419, Republic of Korea
Keuntae Cho: Department of System Management Engineering & Graduate School of Management of Technology, Sungkyunkwan University, Suwon 16419, Republic of Korea

Sustainability, 2024, vol. 16, issue 6, 1-20

Abstract: Amid the global economic crisis due to COVID-19, consumer interest in CSR reports of global corporations has surged. CEO messages within these reports are crucial during such crises. This study aims to understand CEOs’ perceptions of key CSR issues and corporate strategies during global crises. Utilizing topic modeling, CEO messages from Fortune Global’s top 100 companies are analyzed before and after COVID-19. Compared to previous periods, social and environmental issues like climate change are more prominent. Key strategies include sustainable management development, risk management, and competitive advantage. This study offers insights into the importance of CSR reporting as a communication tool for managing stakeholders during crises. With COVID-19’s global impact, understanding changes in global companies and comparing pre-crisis conditions contributes significantly to the literature.

Keywords: corporate social responsibility (CSR); corporate social responsibility (CSR) report; CEO message; sustainability; topic modeling; COVID-19 (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.mdpi.com/2071-1050/16/6/2342/pdf (application/pdf)
https://www.mdpi.com/2071-1050/16/6/2342/ (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:gam:jsusta:v:16:y:2024:i:6:p:2342-:d:1355532

Access Statistics for this article

Sustainability is currently edited by Ms. Alexandra Wu

More articles in Sustainability from MDPI
Bibliographic data for series maintained by MDPI Indexing Manager ().