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Sustainability Reporting as a Mixture of CSR and Sustainable Development. A Model for Micro-Enterprises within the Romanian Forestry Sector

Author

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  • Marian Socoliuc

    (Department of Accounting, Audit and Finance, “Stefan cel Mare” University, 720229 Suceava, Romania)

  • Cristina-Gabriela Cosmulese

    (Department of Accounting, Audit and Finance, “Stefan cel Mare” University, 720229 Suceava, Romania)

  • Marius-Sorin Ciubotariu

    (Department of Accounting, Audit and Finance, “Stefan cel Mare” University, 720229 Suceava, Romania)

  • Svetlana Mihaila

    (Department of Accounting, Academy of Economic Studies of Moldova, 2005 Chișinău, Moldova)

  • Iulia-Diana Arion

    (University of Agricultural Sciences and Veterinary Medicine Cluj-Napoca, Str. Manastur 3-5, Cluj-Napoca, 400372 Cluj, Romania)

  • Veronica Grosu

    (Department of Accounting, Audit and Finance, “Stefan cel Mare” University, 720229 Suceava, Romania)

Abstract

In the last decades, the issue of the behavior geared towards society and the environment of small and medium-sized enterprises (SMEs) has created a new niche for economic researches. Most studies point out that entities operating in the forestry sector, despite having difficulties in applying valid corporate social responsibility (CSR) instruments, are concerned about the role they play in society. Therefore, they tend to develop their business by giving importance to the principles of sustainable development. The aim of the paper was to propose an econometric model to report the sustainability of non-financial performance for the companies operating in the forestry field. The main objectives of the study focused on defining and analyzing the studied problem through the specialized literature, defining and conceptualizing the statistical model in order to identify the risk factors and vulnerability, influencing the forestry sector in Romania. In this context, based on a sample of 248 Romanian active companies in the forestry sector in four distinct sectors, we calculated a number of indicators specific to the forestry sector in order to identify the risks and vulnerabilities and analyze the entities associated with this sector. Our research led us to the conclusion that, as far as the forestry sector is concerned, the companies that operate in Statistical classification of economic activities in the European Community (NACE) 240 and NACE 210 have registered superior results compared to the average in regards to the vulnerability of the sector, while those that operate in NACE 220 and NACE 230 focus mostly on those vulnerabilities regarding the risk zone of their sustainable development. The study could be useful both to stakeholders by giving them the possibility to identify those entities, classified according to the NACE code, taking into account the sector vulnerabilities and the risks associated with the profile market, as well as to the state that could influence through economic policies the sectors in which vulnerabilities are manifested.

Suggested Citation

  • Marian Socoliuc & Cristina-Gabriela Cosmulese & Marius-Sorin Ciubotariu & Svetlana Mihaila & Iulia-Diana Arion & Veronica Grosu, 2020. "Sustainability Reporting as a Mixture of CSR and Sustainable Development. A Model for Micro-Enterprises within the Romanian Forestry Sector," Sustainability, MDPI, vol. 12(2), pages 1-34, January.
    • Handle: RePEc:gam:jsusta:v:12:y:2020:i:2:p:603-:d:308449
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    Cited by:

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    3. Angelica BUBOI (DANAILA) & Cristina Gabriela COSMULESE, 2023. "Effect of Market Capitalization on the Association between Firm Size and Corporative Performance of Listed Companies at Bucharest Stock Exchange in Romania," REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 24(5), pages 815-825, December.
    4. Grosu, Veronica & Cosmulese, Cristina Gabriela & Socoliuc, Marian & Ciubotariu, Marius-Sorin & Mihaila, Svetlana, 2023. "Testing accountants' perceptions of the digitization of the profession and profiling the future professional," Technological Forecasting and Social Change, Elsevier, vol. 193(C).
    5. Luis Otero-González & Pablo Durán-Santomil & Luis-Ignacio Rodríguez-Gil & Rubén Lado-Sestayo, 2021. "Does a Company’s Profitability Influence the Level of CSR Development?," Sustainability, MDPI, vol. 13(6), pages 1-15, March.
    6. Grosu, Veronica & Brinzaru, Simona-Maria & Ciubotariu, Marius-Sorin & Kicsi, Rozalia & Hlaciuc, Elena & Socoliuc, Marian, 2022. "Mapping Future Trends in Integrated Reporting, CSR and Business Sustainability Research: A Cluster-based Approach," Proceedings of the ENTRENOVA - ENTerprise REsearch InNOVAtion Conference (2022), Hybrid Conference, Opatija, Croatia, in: Proceedings of the ENTRENOVA - ENTerprise REsearch InNOVAtion Conference, Hybrid Conference, Opatija, Croatia, 17-18 June 2022, pages 264-286, IRENET - Society for Advancing Innovation and Research in Economy, Zagreb.
    7. Diana Claudia Perțicas & Adrian Gheorghe Florea & Viktor Borodin & Mouna Hajjaj & Claudia Diana Sabau-Popa, 2025. "The Study on Corporate Sustainability Entrepreneurship in Romania: Analysis on Dependencies of Economical State of the Corporation on Their Green Politics Through Eyes of Their Management," Sustainability, MDPI, vol. 17(5), pages 1-25, March.
    8. Rendani Mavis Matakanye & Huibrecht Margaretha van der Poll & Binganidzo Muchara, 2021. "Do Companies in Different Industries Respond Differently to Stakeholders’ Pressures When Prioritising Environmental, Social and Governance Sustainability Performance?," Sustainability, MDPI, vol. 13(21), pages 1-22, October.
    9. Julia Cohen & Carina Marques & Joana Lameira & Maria José Sousa & Manuel Au-Yong-Oliveira, 2020. "The Interrelationship between Corporate Social Responsibility and Strategic Innovation In Aveiro-based Startups," International Journal of Business Research and Management (IJBRM), Computer Science Journals (CSC Journals), vol. 11(3), pages 65-86, December.
    10. Said Yousef Dwikat & Darwina Arshad & Mohd Noor Mohd Shariff, 2022. "The Influence of Systematic Strategic Planning and Strategic Business Innovation on the Sustainable Performance of Manufacturing SMEs: The Case of Palestine," Sustainability, MDPI, vol. 14(20), pages 1-26, October.
    11. Wan-Jiun Chen, 2022. "Toward Sustainability: Dynamics of Total Carbon Dioxide Emissions, Aggregate Income, Non-Renewable Energy, and Renewable Power," Sustainability, MDPI, vol. 14(5), pages 1-27, February.

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