Social Responsibility, Communication and Financial Data of Hospitals: A Structural Modelling Approach in a Sustainability Scope
Abstract
:1. Introduction
2. Literature Review and Conceptual Model
2.1. Stakeholders and Dynamic Capabilities Theories
2.2. Theoretical Framework
3. Development and Justification of Hypothesis
3.1. The Effect of Social Responsibility on Business Communication
3.2. The Effect of Business Communication on Economic and Financial Results
3.3. The Effect of Social Responsibility on Economic and Financial Results
4. Materials and Methods
4.1. Structural Equations Models
4.2. Population and Sample Selection
4.3. Creation and Measurement of Variables
5. Results
5.1. Global Model Fit Assessment
5.2. Measurement Model Evaluation
5.3. Structural Model Evaluation
5.4. Simple Mediation Analysis
6. Discussion
7. Conclusions
Author Contributions
Funding
Conflicts of Interest
References
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Database | SABI |
---|---|
Period | 2018 |
Status | Active companies |
National activity code | 8610–Hospital activities |
Type of company | Mercantile companies |
Business dimension | Large and medium enterprises |
Typology of annual accounts | Unconsolidated accounts |
Availability annual accounts | 2018 financial year available |
Geographic location | Spain |
Final sample | 122 companies |
CONSTRUCT | INDICATOR | DESCRIPTION | SOURCE | AUTHORS |
---|---|---|---|---|
Social Responsibility (SR) | SR1 | N° of quality accreditations and certifications | Corporate website | [66,99] |
SR2 | Number of awards received | Corporate website | [66,99] | |
SR3 | Social responsibility disclosure index | Corporate website | [100] | |
SR4 | Number of general sustainability aspects | Corporate website | Table 3 | |
SR5 | Number of social aspects | Corporate website | Table 3 | |
SR6 | Number of environmental aspects | Corporate website | Table 3 | |
Communication (C) | C1 | Number of social networks | Corporate website | [101,102] |
C2 | Web quality | Corporate website | [103] | |
C3 | Average of monthly visitors on the website | Similar web | [101] | |
C4 | Number of incoming links in Google search | Google Search | [102] | |
C5 | Number of incoming links in Yahoo search | Yahoo Search | [102] | |
C6 | Nº of items in the press in which it appears | MyNews Database | [101] | |
Economic and financial results (EFR) | EFR1 | Operating income | SABI database | [50,54] |
EFR2 | Return on assets (ROA) | SABI database | [101] | |
EFR3 | Return on equity (ROE) | SABI database | [101] | |
EFR4 | Solvency | SABI database | [76] | |
EFR5 | Indebtedness | SABI database | [50] | |
EFR6 | Personnel productivity | SABI database | [50] | |
EFR7 | Cash flows from operating activities | SABI database | [76] | |
EFR8 | Cash flows from investment activities | SABI database | [76] |
SR4: Number of general sustainability aspects | ||
1 | It has a director, department or head of SR | [50,104] |
2 | SR policy available | |
3 | Strategic plan available | |
4 | A quality management system is available | |
5 | Sustainability reports are compiled | |
6 | Sustainability reports have external validation | |
7 | It has adopted the United Nations Global Compact | |
8 | The identity, mission, vision and values of the hospital are defined | |
9 | There is an exclusive section dedicated to sustainability or SR | |
10 | Economic, environmental and social aspects are separated | |
SR5: Number of social aspects | ||
1 | Code of ethics available | [50,104] |
2 | Equality plan is available | |
3 | Concerns about the reconciliation between work and family life | |
4 | It cares about diversity management | |
5 | Solidarity projects are available | |
6 | Corporate volunteer programs are carried out | |
7 | Training for employees | |
8 | Media are asked to express doubts or suggestions | |
9 | Information on medical knowledge is disclosed | |
10 | Job creation is encouraged | |
SR6: Number of environmental aspects | ||
1 | Environmental policy is available | [50,104,105] |
2 | It participates in activities related to protection of the natural environment | |
3 | Energy saving is considered to achieve higher levels of efficiency | |
4 | Water saving is considered to achieve higher levels of efficiency | |
5 | The reduction of emissions of gases and waste is considered | |
6 | The introduction of alternative energy sources is positively valued | |
7 | There is a concern to minimize the environmental impact | |
8 | Consumables and products with low environmental impact are used | |
9 | The use of recyclable containers and packaging is valued | |
10 | Data related to environmental improvement are specified |
Construct Indicators | Loadings (λ) | Cronbach’s Alpha | Composite Reliability | AVE |
---|---|---|---|---|
Social Responsibility | 0.889 | 0.935 | 0.704 | |
SR1 | 0.742 | |||
SR3 | 0.767 | |||
SR4 | 0.851 | |||
SR5 | 0.925 | |||
SR6 | 0.964 | |||
Communication | 0.847 | 0.804 | 0.523 | |
C1 | 0.766 | |||
C2 | 0.798 | |||
C3 | 0.713 | |||
C4 | 0.742 | |||
Economic Financial | 0.876 | 0.932 | 0.643 | |
Results | ||||
EFR1 | 0.934 | |||
EFR2 | 0.887 | |||
EFR4 | 0.932 | |||
EFR5 | 0.717 | |||
EFR8 | 0.806 |
Fornell-Larcker Criterion | HTMT | |||||
---|---|---|---|---|---|---|
Constructs | SR | C | EFR | SR | C | EFR |
SR | 0.723 | |||||
C | 0.462 | 0.821 | 0.486 | |||
EFR | 0.632 | 0.415 | 0.833 | 0.588 | 0.432 |
Hypotheses | Path Coefficients (β) | T-statistic (Bootstrap) | Explained Variance (%) | Relationship Validation |
---|---|---|---|---|
H1: SR → C | 0.201 | 4.437 *** | 7.85% | Validated |
H2: C → EFR | 0.453 | 7.684 *** | 21.22% | Validated |
H3: SR → EFR | 0.288 | 3.722 *** | 14.95% | Validated |
Direct Effects | Coefficient | Bootstrap 90% CI | ||
---|---|---|---|---|
Percentile | ||||
H1: c’ | 0.259sig | 0.022 | 0.474 | |
a | 0.509sig | 0.365 | 0.670 | |
b | 0.324sig | 0.217 | 0.459 | |
Indirect Effect | Point Estimate | Percentile | VAF | |
H2: a * b | 0.214sig | 0.018 | 0.396 | 0.306 (30.6%) |
Total Indirect Effect | 0.538sig |
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Creixans-Tenas, J.; Gallardo-Vázquez, D.; Arimany-Serrat, N. Social Responsibility, Communication and Financial Data of Hospitals: A Structural Modelling Approach in a Sustainability Scope. Sustainability 2020, 12, 4857. https://doi.org/10.3390/su12124857
Creixans-Tenas J, Gallardo-Vázquez D, Arimany-Serrat N. Social Responsibility, Communication and Financial Data of Hospitals: A Structural Modelling Approach in a Sustainability Scope. Sustainability. 2020; 12(12):4857. https://doi.org/10.3390/su12124857
Chicago/Turabian StyleCreixans-Tenas, Judit, Dolores Gallardo-Vázquez, and Núria Arimany-Serrat. 2020. "Social Responsibility, Communication and Financial Data of Hospitals: A Structural Modelling Approach in a Sustainability Scope" Sustainability 12, no. 12: 4857. https://doi.org/10.3390/su12124857