Findings in Risk Management Reported from Faculty of Humanities and Social Sciences [Relationship between Occupational Pension, Corporate Social Responsibility (CSR), and Organizational Resilience: A Study on Listed Chinese Companies]: Insurance – Risk Management

2024 APR 25 (NewsRx) -- By a News Reporter-Staff News Editor at Health & Medicine Business Daily -- Investigators discuss new findings in risk management. According to news reporting out of Macao, People’s Republic of China, by NewsRx editors, research stated, “Numerous researchers acknowledge that the occupational pension protects employees.”

Financial supporters for this research include Research Project of Macao Polytechnic University.

The news reporters obtained a quote from the research from Faculty of Humanities and Social Sciences: “However, in China, the total cost of occupational pensions is shared between employees and employers, representing a significant financial commitment. This study aimed to explore the effect of the occupational pension on corporate social responsibility (CSR) and organizational resilience. Drawing on insights from cost-stickiness and resource-based theories, we developed a model that elucidated the influence of occupational pensions on firms’ approaches to CSR within the context of COVID-19 and how this, in turn, impacted organizational resilience. This study categorized CSR into strategic and responsive activities, employing the concept of cost stickiness as a framework. We analyzed a sample of 34,145 observations from Chinese A-share listed companies spanning the period 2010-2023 to examine the influence of occupational pension adjustments on CSR strategies. The findings of this study revealed that the cost pressure associated with contributions to occupational pensions prompted firms to decrease their engagement in responsive CSR activities while enhancing their strategic CSR initiatives.”

According to the news editors, the research concluded: “Furthermore, it was observed that strategic CSR contributed to improved organizational resilience, whereas responsive CSR did not exhibit the same effect. The relationship between occupational pension contributions and CSR was found to be significantly and negatively moderated by factors such as the minimum wage and population aging. Conversely, the relationship between CSR and organizational resilience was significantly and positively moderated by digital transformation and marketing capabilities.”

For more information on this research see: Relationship between Occupational Pension, Corporate Social Responsibility (CSR), and Organizational Resilience: A Study on Listed Chinese Companies. Risks, 2024,12(4). (Risks - http://www.mdpi.com/journal/risks). The publisher for Risks is MDPI AG.

A free version of this journal article is available at https://doi.org/10.3390/risks12040065.

Our news journalists report that more information may be obtained by contacting Hao Wang, Faculty of Humanities and Social Sciences, Macao Polytechnic University, Macao 999078, People’s Republic of China. Additional authors for this research include Tao Zhang, Xi Wang, Jiansong Zheng.

ORCID is an identifier for authors and includes bibliographic information. The following is ORCID information for the authors of this research: Hao Wang (http://orcid.org/0009-0005-9221-7665), Tao Zhang (http://orcid.org/0000-0002-2400-7624), Jiansong Zheng (http://orcid.org/0000-0003-2375-2267). Our reports deliver fact-based news of research and discoveries from around the world.