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

Author

Listed:
  • 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)

Abstract

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.

Suggested Citation

  • IAMANDI Irina-Eugenia & CONSTANTIN Laura-Gabriela & JOLDES Cosmin-Silviu-Raul, 2010. "Corporate Social Responsibility During The Economic Crisis. The Case Of The Romanian Companies," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 1(2), pages 963-969, December.
  • Handle: RePEc:ora:journl:v:1:y:2010:i:2:p:963-969
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    File URL: http://anale.steconomiceuoradea.ro/volume/2010/n2/153.pdf
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    References listed on IDEAS

    as
    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).
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Samuel ECHEVARRIA-CRUZ & Sebastian VADUVA & Ioan FOTEA & Daniel NEAGOIE, 2015. "Business Ethics And Corporate Social Responsibility Attitudes Among Sme Leaders In Romania," Proceedings of the INTERNATIONAL MANAGEMENT CONFERENCE, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, pages 830-839.

    More about this item

    Keywords

    Corporate Social Responsibility; Economic Crisis; Stakeholders; Risk Management;

    JEL classification:

    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • G33 - Financial Economics - - Corporate Finance and Governance - - - Bankruptcy; Liquidation

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