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History Of ‘Corporate Social Responsibility‘ Concept

Author

Listed:
  • Nicoleta Farcane

    (West University of Timisoara Romania)

  • Eusebiu Bureana

    (West University of Timisoara Romania)

Abstract

With long-lasting debates, corporate social responsibility concept was from thebeginning a high-interest subject to all of the stakeholders of the companies: shareholders, publicopinion, employees and governments. Based on studies which demonstrates the sociallyresponsible companies have major financial and image-related benefits, we started researchingthe roots of the concept ‘corporate social responsibility‘. By using qualitative method,hermeneutic perspective, we chose the comprehensive approach of CSR developed by Goodpasteret al. (2005). We analyzed four sides out of five of the concept (economics contributions ofcompanies to society, contextual changing of companies‘ development and existence environment,Conceptual evolution and dimentions of CSR, perspective of theories in close connection withCSR) and we proposed a definition of what we belive is CSR. Analyzing the pros and cons ofaccepting the CSR model as stated nowadays, we concluded as follows: Without neglecting theimplicit social responsibility of companies towards others (like human beings) - by means of taxesand social charges imposed by law, and without fully accepting the extreme opinion that presentscorporations as entities that indirectly hold all the communities‘ political, social and economicpower, companies should strictly follow their economic goal, which implicitly fulfils all theadditional requirements imposed to companies by some stakeholders.

Suggested Citation

  • Nicoleta Farcane & Eusebiu Bureana, 2015. "History Of ‘Corporate Social Responsibility‘ Concept," Annales Universitatis Apulensis Series Oeconomica, Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia, vol. 2(17), pages 1-3.
  • Handle: RePEc:alu:journl:v:2:y:2015:i:17:p:3
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    Keywords

    CSR; corporate social performance; corporate social sensitivity; CSR models;

    JEL classification:

    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth

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