Abstract:In the 2005 Asian Forum on Corporate Social Responsibility Survey, 63% said that CSR goes beyond compliance with rules and regulations. Despite differences in history and culture, Asian CSR is linked to underlying value systems, such as placing the good of the family and larger society over that of the individual.
Two-thirds of all listed companies, and a substantial number of private companies, are family controlled and managed. For example, the 15 top family groupings in Indonesia, holding 62% of all listed assets, comprise 21.5% of the country's GDP (Adams 2003). In Hong Kong, the top 15 family groupings hold 34% of all listed assets and comprise 84% of the country's GDP. Thus, CSR in Asia is a natural extension of the family corporation. A failure of the corporation is often seen as a failure of the family.
Document Type: Research Article
Publication date: June 14, 2010