Influence of CSR stakeholders on the textile firms performances:The mediating role of organizational legitimacy

Md. Nurun Nabi, Mst. Marium Akter, Ahashan Habib, Abdullah Al Masud and Subrata Kumer Pal
Additional contact information
Md. Nurun Nabi: Department of Business Administration, School of Management, Huazhong University of Science & Technology (HUST), Wuhan, P.R. China
Mst. Marium Akter: Department of Business Administration, School of Management, Huazhong University of Science & Technology (HUST), Wuhan, P.R. China
Ahashan Habib: Assistant Professor, Department of Management Studies, University of Barisal, Bangladesh
Abdullah Al Masud: Associate Professor, Textile Engineering Management Department, Bangladesh University of Textiles, Bangladesh
Subrata Kumer Pal: Department of Management, New Government Degree Colleage, Bangladesh

International Journal of Research in Business and Social Science (2147-4478), 2021, vol. 10, issue 8, 25-38

Abstract: Ready-made garments (RMG) are one of the most critical sectors in the economy of the South Asian region in terms of the labor force employed and export earnings. This research study aims to determine the Corporate Social Responsibility Stakeholders dimension and its influence on textile firms Performance. The study used organizational legitimacy as mediating variable between the CSR stakeholders and firms’ performances. The research study was used in the quantitative analysis approach to determine the cause and effect of the relationship between CSR and Textile firm’s financial and non-financial performance. Though the study collected primary data & secondary data from 250 respondents using survey questionnaires, the researcher obtained secondary data by analyzing the audited annual and sustainability reports of various RMG companies. We have collected data by conducting a focus group interview forming a team of employers, top-level managers, and CSR officers. We asked them all the questions, filled it, tapped it, reserved it for the interpretations. We have surveyed 67 industries, but it enabled us to collect the data from the 50 sectors—the data collected from 2016 April to 2018 December. Our study has some limitations in that the sample size is small compared to the other research. SPSS-23 & MS-Excel were used to analyze the collected data. CSR practices benefitted RMG companies in terms of long-term sustainable development by increasing the firm’s financial and non-financial performance of the RMG sector. Key Words:Corporate Social Responsibility, Financial and non-Financial Performances, Organizational legitimacy, Ready-made Garments (RMG) industry

Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.ssbfnet.com/ojs/index.php/ijrbs/article/view/1502/1084 (application/pdf)
https://doi.org/10.20525/ijrbs.v10i8.1502 (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:rbs:ijbrss:v:10:y:2021:i:8:p:25-38

Access Statistics for this article

International Journal of Research in Business and Social Science (2147-4478) is currently edited by Prof.Dr.Umit Hacioglu

More articles in International Journal of Research in Business and Social Science (2147-4478) from Center for the Strategic Studies in Business and Finance Editorial Office,Baris Mah. Enver Adakan Cd. No: 5/8, Beylikduzu, Istanbul, Turkey. Contact information at EDIRC.
Bibliographic data for series maintained by Umit Hacioglu ().