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The Role of the Stakeholders in the Institutionalization of the CSR Reporting In Romania

Author

Listed:
  • Raluca Gina Guse

    (Bucharest University of Economic Studies, Romania)

  • Alina Almasan

    (West University of Timisoara, Romania)

  • Cristina Circa

    (West University of Timisoara, Romania)

  • Madalina Dumitru

    (Bucharest University of Economic Studies, Romania)

Abstract

Social and environmental aspects are increasingly included in the different types of reports prepared by the Romanian companies. Our research question is which are the forces that drive the institutionalization of the CSR reporting in Romania. We consider the stakeholders as the primary responsible parties for how CSR reporting is implemented. We find that the main initiatives regarding the CSR in Romania belong to the government. Also, the European institutions, through the directives approved, play a major role in CSR reporting in Romania. Our results also show that other stakeholders (companies, the academic environment or Big Four companies) play active roles in the institutionalization of CSR practices and there is an apparent need for more coordinated efforts. Evidence was found with respect to coercive and mimetic isomorphism.

Suggested Citation

  • Raluca Gina Guse & Alina Almasan & Cristina Circa & Madalina Dumitru, 2016. "The Role of the Stakeholders in the Institutionalization of the CSR Reporting In Romania," Journal of Accounting and Management Information Systems, Faculty of Accounting and Management Information Systems, The Bucharest University of Economic Studies, vol. 15(2), pages 304-340, June.
    • Handle: RePEc:ami:journl:v:15:y:2016:i:2:p:304-340
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    References listed on IDEAS

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    1. Catalin Nicolae ALBU & Nadia ALBU & Szilveszter FEKETE PALI-PISTA & Dan CUZDRIOREAN VLADU, 2011. "The Power and the Glory of Big 4: A Research Note on Independence and Competence in the Context of IFRS Implementation," Journal of Accounting and Management Information Systems, Faculty of Accounting and Management Information Systems, The Bucharest University of Economic Studies, vol. 10(1), pages 43-54, March.
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    Cited by:

    1. Francesca Manes-Rossi & Adriana Tiron-Tudor & Giuseppe Nicolò & Gianluca Zanellato, 2018. "Ensuring More Sustainable Reporting in Europe Using Non-Financial Disclosure—De Facto and De Jure Evidence," Sustainability, MDPI, vol. 10(4), pages 1-20, April.
    2. Ciprian Obrad & Vasile Gherheș, 2018. "A Human Resources Perspective on Responsible Corporate Behavior. Case Study: The Multinational Companies in Western Romania," Sustainability, MDPI, vol. 10(3), pages 1-15, March.
    3. Zanellato Gianluca, 2021. "Quality of Information Disclosed in Integrated Reports, in the Extracting Sector: Insights from Europe," Studia Universitatis Babeș-Bolyai Oeconomica, Sciendo, vol. 66(3), pages 1-20, December.
    4. Ionica Oncioiu & Anca-Gabriela Petrescu & Florentina-Raluca Bîlcan & Marius Petrescu & Delia-Mioara Popescu & Elena Anghel, 2020. "Corporate Sustainability Reporting and Financial Performance," Sustainability, MDPI, vol. 12(10), pages 1-13, May.
    5. Dubravka Vlašić & Katarina Poldrugovac, 2022. "Non-Financial Information in Hotel Companies," Sustainability, MDPI, vol. 14(16), pages 1-13, August.
    6. Ioana SOFIAN, 2016. "The adoption of integrated reporting principles by the Romanian companies listed at the Bucharest Stock Exchange," The Audit Financiar journal, Chamber of Financial Auditors of Romania, vol. 14(144), pages 1335-1335.
    7. Stoica Dragoș Andrei & Petrariu Ioan Radu & Chivu Raluca-Georgiana, 2019. "NGOs perspective over CSR actions in an emerging economy," Proceedings of the International Conference on Business Excellence, Sciendo, vol. 13(1), pages 933-944, May.
    8. Adriana Tiron-Tudor & Cristina Silvia Nistor & Cristina Alexandrina ªtefãnescu & Gianluca Zanellato, 2019. "Encompassing Non-Financial Reporting in A Coercive Framework for Enhancing Social Responsibility: Romanian Listed Companies’ Case," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 21(52), pages 590-590, August.
    9. Adriana TIRON-TUDOR & Teodora Viorica FĂRCAŞ & Ioana DRAGU & Ecaterina Monica MOISE, 2020. "Non-Financial Reporting in Romania in the pre-Directive 2014/95/EU Period (1990-2013)," CECCAR Business Review, Body of Expert and Licensed Accountants of Romania (CECCAR), vol. 1(5), pages 63-72, May.
    10. Camelia-Daniela Hategan & Ruxandra-Ioana Curea-Pitorac, 2017. "Testing the Correlations between Corporate Giving, Performance and Company Value," Sustainability, MDPI, vol. 9(7), pages 1-20, July.
    11. Tatiana Dănescu & Ioan-Ovidiu Spătăcean & Maria-Alexandra Popa & Carmen-Gabriela Sîrbu, 2021. "The Impact of Corporate Governance Mechanism over Financial Performance: Evidence from Romania," Sustainability, MDPI, vol. 13(19), pages 1-14, September.

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    More about this item

    Keywords

    CSR; Romania; stakeholders; institutionalization;
    All these keywords.

    JEL classification:

    • M40 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - General

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