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The Impact of Corporate Social Responsibility on the Performance of Organizations

Author

Listed:
  • Nicoleta CRISTACHE

    (Dunarea de Jos University of Galati, Romania)

  • Irina Olimpia SUSANU

    (Dunarea de Jos University of Galati, Romania)

  • Adrian Ciprian GHINEA

    (Transilvania University of Brasov, Romania)

  • Ana Maria STAN

    (Transilvania University of Brasov, Romania)

  • Marius George MUNTEANU

    (Transilvania University of Brasov, Romania)

Abstract

The present study addresses some relevant aspects concerning the impact of CSR upon the performance of organizations. The MCDA-C model was used due to its capacity to encapsulate the perceptions of the company’s managers on the situation under scrutiny and also due to the possibility to provide conditions for assessing the specific elements of CSR management as well as suggestions for improving performance. Moreover, a set of performance indicators can be identified thanks to this model, which characterize the company’s sustainability and asses its commitment both at the individual and global level. The model also enables establishing the company’s strategy that should take into account the economic, social and environmental criteria, showing that stakeholders will advocate the company’s CSR profile under to circumstances of optimum communication.

Suggested Citation

  • Nicoleta CRISTACHE & Irina Olimpia SUSANU & Adrian Ciprian GHINEA & Ana Maria STAN & Marius George MUNTEANU, 2017. "The Impact of Corporate Social Responsibility on the Performance of Organizations," Risk in Contemporary Economy, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, pages 83-94.
    • Handle: RePEc:ddj:fserec:y:2017:p:83-94
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    References listed on IDEAS

    as
    1. Dam, Lammertjan & Scholtens, Bert, 2008. "Environmental regulation and MNEs location: Does CSR matter?," Ecological Economics, Elsevier, vol. 67(1), pages 55-65, August.
    2. Ehrhart, Karl-Martin & Gardner, Roy & von Hagen, Jurgen & Keser, Claudia, 2007. "Budget processes: Theory and experimental evidence," Games and Economic Behavior, Elsevier, vol. 59(2), pages 279-295, May.
    3. Weber, Manuela, 2008. "The business case for corporate social responsibility: A company-level measurement approach for CSR," European Management Journal, Elsevier, vol. 26(4), pages 247-261, August.
    4. Lee, Eun Mi & Park, Seong-Yeon & Lee, Hyun Jung, 2013. "Employee perception of CSR activities: Its antecedents and consequences," Journal of Business Research, Elsevier, vol. 66(10), pages 1716-1724.
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    Cited by:

    1. Cristinel CONSTANTIN & Adrian MICU, 2018. "A benchmarking analysis of the economic development in Romania and Czech Republic," Risk in Contemporary Economy, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, pages 76-85.

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    JEL classification:

    • A23 - General Economics and Teaching - - Economic Education and Teaching of Economics - - - Graduate

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