Relationship Between Corporate Social Responsibility, Environmental Management, and Profitability

Relationship Between Corporate Social Responsibility, Environmental Management, and Profitability

by Daisy Valentin

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Overview

The U.S. hospitality industry's profitability has been shifting to environmental management and corporate social responsibility (CSR) practices. Hospitality industries accounted for 5% of the global market in 2015 and are expected to increase by 130% in 2035. Grounded in stakeholder theory, this correlation study examined the relationship between corporate sustainability officer (CSO) CSR, CSO environmental management, and hospitality business profitability. Secondary data were collected from 97 hotel websites of the Minneapolis-St. Paul, Minnesota from 2014 to 2016. The multiple linear regression combinations of CSR and environmental management (EM) measured significantly related to the profitability index, F(3, 93) = 4.67, p < .001, adj. R2 = .13. The sample multiple correlation coefficients were .36, indicating approximately 13% of the variance of the profitability index. The multiple linear regression combinations of CSR measures significantly related to the profitability index, F(2,94) = 6.05, p < .001, adjusted R2 = .11. The sample multiple correlation coefficients were .34, indicating approximately 11% of the variance of the profitability index. The linear combination of EM measures were not significantly related to the profitability index, F(2,94) = 2.91, p < .001, adjusted R2 = .06. The sample multiple correlation coefficients were .24, indicating approximately 6% of the variance of the profitability index. The implications for positive social change include the potential to identify hospitality industry leaders involved in environmental management who have a CSR to promote social change in their communities.

Product Details

ISBN-13: 9781612334752
Publisher: Universal-Publishers.com
Publication date: 02/25/2020
Pages: 94
Product dimensions: 7.44(w) x 9.69(h) x 0.19(d)

Table of Contents

List of Tables iv

List of Figures v

Section 1: Foundation of the Study 1

Background of the Problem 1

Problem Statement 2

Purpose Statement 2

Nature of the Study 3

Research Question 4

Hypotheses 4

Conceptual Framework 4

Operational Definitions 5

Assumptions, Definitions, and Limitations 6

Assumptions 6

Limitations 7

Delimitations 7

Significance of the Study 7

Contribution to Business Practice 7

Implications for Social Change 8

A Review of the Professional and Academic Literature 8

Stakeholder Theory 11

Concept of Corporate Social Responsibility 16

Concept of Environmental Management 22

CSR-EM Relationship in Hospitality Industry 24

Sustainability of CSR and EM 26

Transition 28

Section 2: The Project 29

Purpose Statement 29

Role of the Researcher 29

Participants 30

Research Method and Design 31

Research Method 31

Research Design 32

Population and Sampling 33

Ethical Research 33

Data Collection 35

Instrumentation 36

Data Collection Technique 36

Data Analysis 37

Study Validity 38

Transition and Summary 38

Section 3: Application to Professional Practice and Implications for Change 39

Introduction 39

Presentation of the Findings 39

Descriptive Statistics 41

Testing of Assumptions 42

Inferential Results 47

Analysis Summary: Results of the Correlation and Regression 48

Theoretical Conversion of Findings 50

Applications to Professional Practice 52

Implications for Social Change 54

Recommendations for Action 54

Recommendations for Further Research 55

Reflections 57

Conclusion 58

References 60

Appendix A: Results of the Multiple Linear Regression Analysis for CSR and EM 79

Appendix B: Results of the Multiple Linear Regression Analysis for CSR 80

Appendix C: Results of the Multiple Linear Regression Analysis for EM 81

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