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How To Deal With Corporate Social Responsibility In Financial Crisis

Author

Listed:
  • Ciprian-Dumitru Stoian

    (‘Babes-Bolyai‘ University of Cluj-Napoca Romania)

Abstract

The aim of the paper is to examine the effects of periods of financial crisis onCorporate Social Responsibility (CSR) practices. This paper represents a theoretical researchrelated to the latest developments in this field. We had documented our paper based on actualreferences on this matter. Firstly, in order to make correct assessments, this material seeks toexamine the level of understanding in respect of two jointly concepts: CSR and financial crisis, aswell as the resulted impact (on different stakeholders). We have also presented and commented on anew model that prescribes the reactions of CSR practices against the crisis and on differentresearches that have tried to quantify the link between the CSR and financial crisis. The result ofour research granted us various opinions on attitude that companies should undertake in financialcrisis: to cancel the CSR actions, to freeze the CSR actions or to be involved more in CSR actions.Based on our expertise, we assume and recommend that CSR efforts in financial crisis to becontinued due to the fact that would mainly bring positive results for involved companies in midand long-term basis.

Suggested Citation

  • Ciprian-Dumitru Stoian, 2013. "How To Deal With Corporate Social Responsibility In Financial Crisis," Annales Universitatis Apulensis Series Oeconomica, Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia, vol. 1(15), pages 1-27.
  • Handle: RePEc:alu:journl:v:1:y:2013:i:15:p:27
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    File URL: http://oeconomica.uab.ro/upload/lucrari/1520131/27.pdf
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    References listed on IDEAS

    as
    1. Dra. Belén Fernández-Feijóo Souto, 2009. "Crisis and Corporate Social Responsibility: Threat or Opportunity?," International Journal of Business and Economic Sciences Applied Research (IJBESAR), Eastern Macedonia and Thrace Institute of Technology (EMATTECH), Kavala, Greece, vol. 2(1), pages 36-50, June.
    2. Adriana SCHIOPOIU BURLEA & Carmen RADU & Liviu CRACIUN & Costel IONASCU & Marius MITRACHE & Radu LOLESCU, 2010. "The Relationship Between Financial Crisis, Corruption, And Corporate Social Responsibility In Romania," Management and Marketing Journal, University of Craiova, Faculty of Economics and Business Administration, vol. 0(1), pages 65-72, May.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Corporate Social Responsibility; Financial crisis; Crisis Management;

    JEL classification:

    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility

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