LAPSE:2023.3377v1
Published Article

LAPSE:2023.3377v1
Corporate Social Responsibility: A Business Strategy That Promotes Energy Environmental Transition and Combats Volatility in the Post-Pandemic World
February 22, 2023
Abstract
Corporate social responsibility can assist in reducing the noise caused by pricing volatility and a lack of energy-efficient business solutions. The study’s objective is twofold: (i) to investigate the role of corporate social responsibility (CSR) in reducing volatility through the contribution of energy-efficient strategies; (ii) to identify research trends in the field that may indicate future research directions for the development of more dynamic strategies that will help in mitigating the impact of pricing volatility. A five-step bibliometric analysis was applied to address the research question. The findings were visualized by using bibliometric tools such as R Studio, Biblioshiny, and VOSViewer. Chinese academics have been revealed as pioneers in integrating CSR into corporate strategies to reduce volatility and support energy-efficient investments. Moreover, results indicate that financial institutions must embrace a new business model based on both CSR and environmental, social, and corporate governance (ESG) principles. Since very little is known about the interaction structure between CSR and ESG in the mitigation of price volatility, the purpose of this article is to bridge that knowledge gap. The pioneering character of this research—the construction of a business model based on the principles of CSR and ESG—contributes significantly to both the field’s knowledge and the practice of corporate sustainability management.
Corporate social responsibility can assist in reducing the noise caused by pricing volatility and a lack of energy-efficient business solutions. The study’s objective is twofold: (i) to investigate the role of corporate social responsibility (CSR) in reducing volatility through the contribution of energy-efficient strategies; (ii) to identify research trends in the field that may indicate future research directions for the development of more dynamic strategies that will help in mitigating the impact of pricing volatility. A five-step bibliometric analysis was applied to address the research question. The findings were visualized by using bibliometric tools such as R Studio, Biblioshiny, and VOSViewer. Chinese academics have been revealed as pioneers in integrating CSR into corporate strategies to reduce volatility and support energy-efficient investments. Moreover, results indicate that financial institutions must embrace a new business model based on both CSR and environmental, social, and corporate governance (ESG) principles. Since very little is known about the interaction structure between CSR and ESG in the mitigation of price volatility, the purpose of this article is to bridge that knowledge gap. The pioneering character of this research—the construction of a business model based on the principles of CSR and ESG—contributes significantly to both the field’s knowledge and the practice of corporate sustainability management.
Record ID
Keywords
business strategy, CSR, ESG, green finance, Renewable and Sustainable Energy, stock market, volatility
Subject
Suggested Citation
Karagiannopoulou S, Sariannidis N, Ragazou K, Passas I, Garefalakis A. Corporate Social Responsibility: A Business Strategy That Promotes Energy Environmental Transition and Combats Volatility in the Post-Pandemic World. (2023). LAPSE:2023.3377v1
Author Affiliations
Karagiannopoulou S: Department of Accounting and Finance, University of Western Macedonia, 501 00 Kozani, Greece
Sariannidis N: Department of Accounting and Finance, University of Western Macedonia, 501 00 Kozani, Greece
Ragazou K: Department of Accounting and Finance, University of Western Macedonia, 501 00 Kozani, Greece; Department of Business Administration, Neapolis University Pafos, Pafos 8042, Cyprus [ORCID]
Passas I: Department of Business Administration and Tourism, Hellenic Mediterranean University, 714 10 Heraklion, Greece [ORCID]
Garefalakis A: Department of Business Administration, Neapolis University Pafos, Pafos 8042, Cyprus; Department of Business Administration and Tourism, Hellenic Mediterranean University, 714 10 Heraklion, Greece [ORCID]
Sariannidis N: Department of Accounting and Finance, University of Western Macedonia, 501 00 Kozani, Greece
Ragazou K: Department of Accounting and Finance, University of Western Macedonia, 501 00 Kozani, Greece; Department of Business Administration, Neapolis University Pafos, Pafos 8042, Cyprus [ORCID]
Passas I: Department of Business Administration and Tourism, Hellenic Mediterranean University, 714 10 Heraklion, Greece [ORCID]
Garefalakis A: Department of Business Administration, Neapolis University Pafos, Pafos 8042, Cyprus; Department of Business Administration and Tourism, Hellenic Mediterranean University, 714 10 Heraklion, Greece [ORCID]
Journal Name
Energies
Volume
16
Issue
3
First Page
1102
Year
2023
Publication Date
2023-01-19
ISSN
1996-1073
Version Comments
Original Submission
Other Meta
PII: en16031102, Publication Type: Journal Article
Record Map
Published Article

LAPSE:2023.3377v1
This Record
External Link

https://doi.org/10.3390/en16031102
Publisher Version
Download
Meta
Record Statistics
Record Views
370
Version History
[v1] (Original Submission)
Feb 22, 2023
Verified by curator on
Feb 22, 2023
This Version Number
v1
Citations
Most Recent
This Version
URL Here
https://psecommunity.org/LAPSE:2023.3377v1
Record Owner
Auto Uploader for LAPSE
Links to Related Works
