Abstract
The standard of measuring the social impact of an organization is actually not fully developed in theory and practice. Then what should be contained in social impact? As the social impact is subjective, and even hard to be defined and measured, there is no consensus on it to-date. Therefore, we expect to let the entrepreneur know what’s the trending topic when mentioning the social impact in the business community. This study uses the CSR/ESG report of S&P 1500, and uses the Latent Dirichlet Allocation to analyze the topics. We confirmed the number of topics with the topic coherence score, and also improved the topic coherence score to 0.482. The five topics analyzed by the experimental results are “Safety and Health Initiatives in Education”, “Brand Equity”, “Water Economy”, “Community-based supports and services”, “Social Business”. The process of naming the subject of this research not only refers to two books which can represent the social impact, and also invites other researchers to name it independently, both are different from previous researchers, and would be more objective as well.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
References
Du, S., Bhattacharya, C.B., Sen, S.: Maximizing business returns to corporate social responsibility (CSR): The role of CSR communication. Int. J. Manag. Rev. 12(1), 8–19 (2010)
Kim, M., Yin, X., Lee, G.: The effect of CSR on corporate image, customer citizenship behaviors, and customers’ long-term relationship orientation. Int. J. Hosp. Manag. 88, 102520 (2020)
Barnett, M.L., Henriques, I., Husted, B.W.: Beyond good intentions: designing CSR initiatives for greater social impact. J. Manag. 46(6), 937–964 (2020)
García-Chiang, A.: Corporate social responsibility in the Mexican oil industry: social impact assessment as a tool for local development. Int. J. Corp. Soc. Responsib. 3(1), 1–8 (2018). https://doi.org/10.1186/s40991-018-0038-z
Pulido, C.M., Ruiz-Eugenio, L., Redondo-Sama, G., Villarejo-Carballido, B.: A new application of social impact in social media for overcoming fake news in health. Int. J. Environ. Res. Public Health 17(7), 2430 (2020)
Blofield, M., Hoffmann, B., Llanos, M.: Assessing the political and social impact of the COVID-19 crisis in Latin America (2020)
Esteves, A.M., Franks, D., Vanclay, F.: Social impact assessment: the state of the art. Impact Assess. Proj. Appraisal 30(1), 34–42 (2012)
Vanclay, F.: International principles for social impact assessment. Impact Assess. Project Appraisal 21(1), 5–12 (2003)
Mancini, L., Sala, S.: Social impact assessment in the mining sector: review and comparison of indicators frameworks. Resour. Policy 57, 98–111 (2018)
Das, S.K., Balakrishnan, V., Vasudevan, D.: Alcohol: its health and social impact in India. Natl Med. J. India 19(2), 94 (2006)
O’carroll, C., Harmon, C., Farrell, L.: The economic and social impact of higher education. Irish Univ. Assoc. 1, 1–32 (2006)
Rawhouser, H., Cummings, M., Newbert, S.L.: Social impact measurement: current approaches and future directions for social entrepreneurship research. Entrep. Theory Pract. 43(1), 82–115 (2019)
Sheldon, O.: The Philosophy of Management. Pitman (1924)
Gillan, S.L., Koch, A., Starks, L.T.: Firms and social responsibility: a review of ESG and CSR research in corporate finance. J. Corp. Finan. 66, 101889 (2021)
Garcia, A.S., Mendes-Da-Silva, W., Orsato, R.J.: Sensitive industries produce better ESG performance: evidence from emerging markets. J. Clean. Prod. 150, 135–147 (2017)
Ali, W., Frynas, J.G., Mahmood, Z.: Determinants of corporate social responsibility (CSR) disclosure in developed and developing countries: a literature review. Corp. Soc. Responsib. Environ. Manag. 24(4), 273–294 (2017)
Lai, C.-S., Chiu, C.-J., Yang, C.-F., Pai, D.-C.: The effects of corporate social responsibility on brand performance: the mediating effect of industrial brand equity and corporate reputation. J. Bus. Ethics 95(3), 457–469 (2010)
Hsu, K.-T.: The advertising effects of corporate social responsibility on corporate reputation and brand equity: evidence from the life insurance industry in Taiwan. J. Bus. Ethics 109(2), 189–201 (2012)
Gutsche, R., Schulz, J.-F., Gratwοhl, Μ.: Firm-value effects of CSR disclosure and CSR performance. In: EFMA-Conference Proceedings, pp. 1–31 (2017)
Goloshchapova, I., Poon, S.-H., Pritchard, M., Reed, P.: Corporate social responsibility reports: topic analysis and big data approach. Euro. J. Finance 25(17), 1637–1654 (2019)
Newman, D., Lau, J.H., Grieser, K., Baldwin, T.: Automatic evaluation of topic coherence. Human language technologies: The 2010 Annual Conference of the North American Chapter of the Association for Computational Linguistics, pp. 100–108 (2010)
Röder, M., Both, A., Hinneburg, A.: Exploring the space of topic coherence measures. In: Proceedings of the Eighth ACM International Conference on Web Search and Data Mining, pp. 399–408 (2015)
Syed, S., Spruit, M.: Full-text or abstract? Examining topic coherence scores using latent dirichlet allocation. 2017 IEEE International Conference on Data Science and Advanced Analytics (DSAA), pp. 165–174 (2017)
Guo, Y., Barnes, S.J., Jia, Q.: Mining meaning from online ratings and reviews: tourist satisfaction analysis using latent Dirichlet allocation. Tour. Manage. 59, 467–483 (2017)
Alam, M.H., Ryu, W.-J., Lee, S.: Joint multi-grain topic sentiment: modeling semantic aspects for online reviews. Inf. Sci. 339, 206–223 (2016)
Carothers, R., Breslin, C., Denomy, J., Foad, M.: Promoting occupational safety and health for working children through microfinance programming. Int. J. Occup. Environ. Health 16(2), 164–174 (2010)
Iqbal, F., Qureshi, A., Shahid, N., Khalid, B.: Impact of Corporate Social Responsibility on Brand Equity Thesis for: MBA Marketing, University of Bradford] (2013)
Kabir, M.R.: Social impact assessment of water pollution: a case study on Bangshi River, Savar BRAC University] (2014)
Siegler, E.L., Lama, S.D., Knight, M.G., Laureano, E., Reid, M.C.: Community-based supports and services for older adults: a primer for clinicians. J. Geriatr. (2015)
Yusriadi, Y.: Economic and Social Impacts of Social Entrepreneurship Implementation Service to Community (2021)
Misbauddin, S., Nabi, M.N.U.: Internationalization of Social Business: Toward a Comprehensive Conceptual Understanding. Emerald Publishing Limited, In Societal Entrepreneurship and Competitiveness (2019)
Acknowledgment
We would like to thank National Science and Technology Council, Taiwan for generously supporting this research through project #112–2410-H-008–017-MY2.
Author information
Authors and Affiliations
Corresponding author
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2023 The Author(s), under exclusive license to Springer Nature Switzerland AG
About this paper
Cite this paper
Hamza, F., Hsu, PY., Yang, WY., Cheng, MS., Chen, YC. (2023). Identifying Topics on Social Impact from S&P1500 CSR/ESG Reports. In: Honda, K., Le, B., Huynh, VN., Inuiguchi, M., Kohda, Y. (eds) Integrated Uncertainty in Knowledge Modelling and Decision Making. IUKM 2023. Lecture Notes in Computer Science(), vol 14376. Springer, Cham. https://doi.org/10.1007/978-3-031-46781-3_21
Download citation
DOI: https://doi.org/10.1007/978-3-031-46781-3_21
Published:
Publisher Name: Springer, Cham
Print ISBN: 978-3-031-46780-6
Online ISBN: 978-3-031-46781-3
eBook Packages: Computer ScienceComputer Science (R0)