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Relationship between Corporate Social Responsibility and Entrepreneurship - Evidence from Romanian Entrepreneurs

In: International Conference Innovative Business Management & Global Entrepreneurship (IBMAGE 2020)

Author

Listed:
  • Alina Iuliana Tăbîrcă

    ("1 Decembrie 1918" University of Alba Iulia, Alba Iulia, Romania)

  • Oana Raluca Ivan

    ("1 Decembrie 1918" University of Alba Iulia, Alba Iulia, Romania)

Abstract

Nowadays, one of the essential issues of any business is represented by CSR. Corporate Social Responsibility is also known, from a European view, as the “Responsible Business Conduct†of everyone, and so this paper highlights the importance of being responsible from early beginnings. Being actual “revolutionary forces†, entrepreneurs contribute to national wealth and growth, job creation, productivity stimulation, adaptation and innovation to meet ongoing changes in market demands. We analyze the conduct of young entrepreneurs and discuss their knowledge in the matter of CSR. We ask young entrepreneurs: What type of CSR actions their firms undertake? How their age and size of the firm influence CSR actions? Their answers are to be analyzed and discussed in a broader context as one of the European Union. Measuring CSR awareness among young entrepreneurs shows a significant increase at a macro level but still a low rate when looking at other UE countries. Our findings prove that entrepreneurs are aware of the concept and dimensions of CSR, but still, profit is more important. We conclude and highlight the importance of productive entrepreneurial activities supported by integrating CSR actions into the company’s strategy and development directions to ensure the balance between the company’s objectives and its interests.

Suggested Citation

  • Alina Iuliana Tăbîrcă & Oana Raluca Ivan, 2020. "Relationship between Corporate Social Responsibility and Entrepreneurship - Evidence from Romanian Entrepreneurs," Book chapters-LUMEN Proceedings, in: Marcin Waldemar STANIEWSKI & Valentina VASILE & Adriana Grigorescu (ed.), International Conference Innovative Business Management & Global Entrepreneurship (IBMAGE 2020), edition 1, volume 14, chapter 44, pages 611-626, Editura Lumen.
    • Handle: RePEc:lum:prchap:14-44
    DOI: https://doi.org/10.18662/lumproc/ibmage2020/44
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    References listed on IDEAS

    as
    1. Saeidi, Sayedeh Parastoo & Sofian, Saudah & Saeidi, Parvaneh & Saeidi, Sayyedeh Parisa & Saaeidi, Seyyed Alireza, 2015. "How does corporate social responsibility contribute to firm financial performance? The mediating role of competitive advantage, reputation, and customer satisfaction," Journal of Business Research, Elsevier, vol. 68(2), pages 341-350.
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    3. Alina Badulescu & Daniel Badulescu & Tomina Saveanu & Roxana Hatos, 2018. "The Relationship between Firm Size and Age, and Its Social Responsibility Actions—Focus on a Developing Country (Romania)," Sustainability, MDPI, vol. 10(3), pages 1-21, March.
    4. , Aisdl, 2020. "Corporate social responsibility and firm financial performance: A literature review," OSF Preprints aymk7, Center for Open Science.
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    7. David B. Audretsch, 2009. "The Entrepreneurial Society," International Studies in Entrepreneurship, in: David B. Audretsch & Giovanni Battista Dagnino & Rosario Faraci & Robert E. Hoskisson (ed.), New Frontiers in Entrepreneurship, chapter 0, pages 95-105, Springer.
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    More about this item

    Keywords

    Corporate Social Responsibility; Entrepreneurship; Responsible Business Conduct; profit; company’s objectives;
    All these keywords.

    JEL classification:

    • F2 - International Economics - - International Factor Movements and International Business
    • M1 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration
    • M2 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics
    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights
    • Q5 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics

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