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Legal and Methodological Backgrounds of the Corporate Social Responsibility


  • Iacob BACIU

    ("Dimitrie Cantemir" Christian University, Bucharest)


The legal and methodological issues on corporate social responsibility are obsolete and are in addition to corporate governance, strengthening the importance of running a company in the context of recent radical changes occurring in the global economy and, implicitly, new trends in the context of fincial globalization. The need for the emergence of the concept of “corporate governance” as well as governance implications on the internal environment of firms, represented by shareholders and employees, or the external environment, represented by the creditors, suppliers and the community made a sentation of inappropriate combinations of key accounts, most often fraudulent, leading to the opening of resounding financial scandals in Europe and the United tates of America. Social responsibility means that a company can take care of both profitability and development, as well as social and environmental impact. The existence of an enterprise is not just that of producing a profit, but it has a social responsibility in the sense that it belongs to society in general. Corporate governance varies significantly from country to country depending on economic factors, political, financial, social cultural or country-specific. The organization must be concerned not only the exploitation of human, natural, financial resources, but also its image in society by adopting strategies and social contracts which has to be concerted, valued and accepted by consensus.

Suggested Citation

  • Iacob BACIU, 2012. "Legal and Methodological Backgrounds of the Corporate Social Responsibility," Romanian Statistical Review Supplement, Romanian Statistical Review, vol. 60(2), pages 79-83, May.
  • Handle: RePEc:rsr:supplm:v:60:y:2012:i:2:p:79-83

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    governance; company; internal audit; control;

    JEL classification:

    • 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
    • G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance
    • M42 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Auditing


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