Corporate social responsibility boosts firm performance in Indonesian state-owned enterprises.
The study looked at how the culture of organizations in Indonesia affects their performance, with a focus on state-owned and regional-owned enterprises in Central Sulawesi Province. They found that organizational culture alone doesn't directly impact performance, but when these companies engage in and report on social responsibility activities, their performance improves. This means that being socially responsible is important for these companies to do well, in addition to having a strong organizational culture.