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Corporate Social Responsibility During The Economic Crisis. The Case Of The Romanian Companies

Listed author(s):
  • IAMANDI Irina-Eugenia


    (Academia de Studii Economice din Bucuresti, Facultatea de Relatii Economice Internationale)

  • CONSTANTIN Laura-Gabriela


    (Academia de Studii Economice din Bucuresti, Facultatea de Relatii Economice Internationale)

  • JOLDES Cosmin-Silviu-Raul


    (Academia de Studii Economice din Bucuresti, Facultatea de Relatii Economice Internationale)

The aim of the present paper is to identify and comment on the existing relationship between corporate social responsibility (CSR) and the current economic crisis, by focusing on the experience of the Romanian companies. After briefly defining the concept of CSR, the article presents the above mentioned relationship from a triple perspective: the lack of ethics as a cause of the economic crisis, the threat of CSR in periods of crisis and the opportunity of CSR in periods of crisis, considering that the last perspective could be maximized if companies are going to approach CSR from a strategic point of view. Finally, the second part of the paper presents what Romanian companies really do, but, more important, what they should do in order to increase their effectiveness in terms of CSR implementation when social budgets seem to remain constant or even decrease.

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Article provided by University of Oradea, Faculty of Economics in its journal The Journal of the Faculty of Economics - Economic.

Volume (Year): 1 (2010)
Issue (Month): 2 (December)
Pages: 963-969

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Handle: RePEc:ora:journl:v:1:y:2010:i:2:p:963-969
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  1. Dra. Belén Fernández-Feijóo Souto, 2009. "Crisis and Corporate Social Responsibility: Threat or Opportunity?," International Journal of Business and Economic Sciences Applied Research (IJBESAR), Eastern Macedonia and Thrace Institute of Technology (EMATTECH), Kavala, Greece, vol. 2(1), pages 36-50, June.
  2. Irina-Eugenia Iamandi & Laura-Gabriela Constantin, 2009. "Addressing Socially Responsible Investments through Alternative Risk Transfer Solutions at International Level," Romanian Economic Journal, Department of International Business and Economics from the Academy of Economic Studies Bucharest, vol. 12(33), pages 61-94, (3).
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