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Corporate Social Responsability: An Overview

Author

Listed:
  • Andra Modreanu

    (University of Southampton)

  • Gabriela Nicoleta Andrisan

    (University of Aberdeen)

  • Maria-Alexandra Sarbu

    (The Bucharest University of Economic Studies)

Abstract

Nowadays, companies may benefit from the opportunity of developing and growing in a new business environment which is based on principles such as common wellbeing and welfare, sustainability and durability. Competitive advantage and economic and social growth may be perceived as benefits promised by a CSR business approach. The concept may be described as a trend from the economic sphere which may help organizations to survive and achieve objectives by doing good, being ethical, legal, philanthropic, willing to educate others, support and sustain the environment, society and next generations. The paper aims to present a conceptual framework that can be used to define CSR. The research methodology was based on the collection and analysis of secondary data, respectively scientific articles, and relevant books for the subject. The results outline the idea of what CSR is and how it can positively impact the business environment.

Suggested Citation

  • Andra Modreanu & Gabriela Nicoleta Andrisan & Maria-Alexandra Sarbu, 2021. "Corporate Social Responsability: An Overview," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 359-368, August.
    • Handle: RePEc:ovi:oviste:v:xxi:y:2021:i:1:p:359-368
    as

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    References listed on IDEAS

    as
    1. Samra Chaudary & Zohad Zahid & Saad Shahid & Shamila N. Khan & Sana Azar, 2016. "Customer perception of CSR initiatives: its antecedents and consequences," Social Responsibility Journal, Emerald Group Publishing Limited, vol. 12(2), pages 263-279, June.
    2. Sorin George Toma, 2006. "From quality to the corporate social responsibility," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 8(20), pages 145-149, June.
    3. Cosmin-Ionu? Imbriscã & Sorin-George Toma, 2020. "Social Responsibility, a Key Dimension in Developing a Sustainable Higher Education Institution: The Case of Students’ Motivation," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 22(54), pages 447-447, April.
    4. Paul Marinescu & Sorin-George Toma & Ionut Constantin, 2010. "Social Responsibility At The Academic Level. Study Case: The University Of Bucharest," Studies and Scientific Researches. Economics Edition, "Vasile Alecsandri" University of Bacau, Faculty of Economic Sciences, issue 15.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    CSR; stakeholders; Caroll’s pyramid; social contract; society;
    All these keywords.

    JEL classification:

    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility
    • I3 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty
    • D64 - Microeconomics - - Welfare Economics - - - Altruism; Philanthropy; Intergenerational Transfers

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