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Competitiveness of Csr Actions: Learning From The Cypriot Experience

Author

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  • Maria Krambia-Kapardis

    (Assoc. Prof. of Accounting, Cyprus University of Technology,PO Box 50329, 3603 Limassol, Cyprus)

  • Iphigenia Pavlou

    (Doctoral Student and Research Fellow,Cyprus University of Technology,PO Box 50329, 3603 Limassol, Cyprus)

Abstract

Corporate Social Responsibility has been a term used for the last decade and has been asserted that by contributing to CSR a firm becomes competitive. Whilst it has been argued that CSR contribution does increase a company’s profit there has been little work to develop a tool in assessing the CSR contributions made and the impact on competitiveness.The current paper is identifying the areas SMEs in Cyprus concentrate their CSR contribution, the barriers and enablers making CSR possible as well as the tools used to evaluate the CSR contributions.The purpose is to identify the components so as to enable the research team of seven euro-Mediterranean countries to develop a tool on CSR competitiveness. This project is funded by the European Union.Since Cypriot SMEs operate in a small country with the idiosyncrasies and needs of a small country tend to emphasise the community rather than the market needs. Given the financial crisis at the moment the barriers are not only lack of resources but also lack of knowhow. The owners of the companies tend to be the major enablers which is a strong point and the government is making every effort to assist them.

Suggested Citation

  • Maria Krambia-Kapardis & Iphigenia Pavlou, 2012. "Competitiveness of Csr Actions: Learning From The Cypriot Experience," International Journal of Business and Social Research, LAR Center Press, vol. 2(2), pages 54-67, April.
    • Handle: RePEc:lrc:larijb:v:2:y:2012:i:2:p:54-67
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    References listed on IDEAS

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    1. Edward Freeman, R. & Evan, William M., 1990. "Corporate governance: A stakeholder interpretation," Journal of Behavioral Economics, Elsevier, vol. 19(4), pages 337-359.
    2. Marc Vilanova & Josep Lozano & Daniel Arenas, 2009. "Exploring the Nature of the Relationship Between CSR and Competitiveness," Journal of Business Ethics, Springer, vol. 87(1), pages 57-69, April.
    3. Donaldson, Thomas & Dunfee, Thomas W., 2002. "Ties that bind in business ethics: Social contracts and why they matter," Journal of Banking & Finance, Elsevier, vol. 26(9), pages 1853-1865, September.
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