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Instruments for Evaluating the Performance of Corporate Social Responsibility.The Romanian Case

Author

Listed:
  • Irina Eugenia Iamandi

    () (Bucharest Academy of Economic Studies, Romania)

  • Radu Filip

    () (Bucharest Academy of Economic Studies, Romania)

Abstract

The demand for greater corporate accountability, transparency and credibility determined businesses to take into account their social and environmental impacts, but also to report on their performances in these areas. The idea of the present paper is to emphasize the role of different corporate social responsibility (CSR) instruments in forging the general strategy that a company should apply in order to respond to the community requirements and to benefit from its social performance. First part of the paper briefly analyses the main CSR instruments: codes of conduct, management standards, corporate sustainability reporting, social and environmental labels, socially responsible investments, surveys on sustainability performance, award schemes, benchmarking. The second part of the paper presents the situation of the companies acting on the Romanian market considering the transparency and credibility of the CSR actions carried out by them, as well as the instruments used in order to reinforce their community involvement. Last part of the paper comprises conclusions and recommendations on the topic.

Suggested Citation

  • Irina Eugenia Iamandi & Radu Filip, 2008. "Instruments for Evaluating the Performance of Corporate Social Responsibility.The Romanian Case," Romanian Economic Journal, Department of International Business and Economics from the Academy of Economic Studies Bucharest, vol. 11(27), pages 99-122, January.
  • Handle: RePEc:rej:journl:v:11:y:2008:i:27:p:99-122
    as

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    File URL: http://www.rejournal.eu/sites/rejournal.versatech.ro/files/articole/2014-04-17/2210/je202720-20iamandi20filip.pdf
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    References listed on IDEAS

    as
    1. Gatignon, Hubert & Anderson, Erin, 1988. "The Multinational Corporation's Degree of Control over Foreign Subsidiaries: An Empirical Test of a Transaction Cost Explanation," Journal of Law, Economics, and Organization, Oxford University Press, vol. 4(2), pages 305-336, Fall.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    corporate social responsibility (CSR); codes of conduct; management standards; corporate sustainability reporting; social and environmental labels; socially responsible investments;

    JEL classification:

    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility

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