Impact of CSR on Corporate Sustainable: a Quantitative Analysis
DOI:
https://doi.org/10.69974/glskalp.03.02.12Keywords:
Corporate Social Responsibility, Corporate Sustainability, Environmental SustainabilityAbstract
Corporate Social Responsibility is considered a commercial practice that can impact the society, employees, and stakeholders of the company. CSR strategy is one of the most needed features for a company to minimize harm and practice fair business norms. Corporate Social Responsibility is connected with the four most valuable features: operative attraction and loyalty, organizational reputation, Customer retention, and social capital availability. In order to do that, the company must identify the relation of the social impact with the core strategies, products and services, and operation of the company. The relationship with the stakeholders will be helpful to increase the sustainability in corporate sustainability. The communication process within the corporate work field will have to be deepened to develop the connection between the workplace.
References
Ashrafi, M., Adams, M., Walker, T.R. and Magnan, G., (2018). How corporate social responsibility can be integrated into corporate sustainability: A theoretical review of their relationships. International Journal of Sustainable Development & World Ecology, 25(8), 672-682.
Ashrafi, M., Magnan, G.M., Adams, M. and Walker, T.R., (2020). Understanding the conceptual evolutionary path and theoretical underpinnings of corporate social responsibility and corporate sustainability. Sustainability, 12(3), 760.
Bae, S.M., Masud, M.A.K. and Kim, J.D., (2018). A cross-country investigation of corporate governance and corporate sustainability disclosure: A signaling theory perspective. Sustainability, 10(8), 2611.
Diez-Cañamero, B., Bishara, T., Otegi-Olaso, J.R., Minguez, R. and Fernández, J.M., (2020). Measurement of corporate social responsibility: A review of corporate sustainability indexes, rankings and ratings. Sustainability, 12(5), 2153.
Feng, P. and Ngai, C.S.B., (2020). Doing more on the corporate sustainability front: A longitudinal analysis of CSR reporting of global fashion companies. Sustainability, 12(6), 2477.
Hussain R.I., Bashir, S.,Hussain, S., (2022), Financial Sustainability and corporate social responsibility under mediating effect of operational self-sustainability,Frontiers. https://www.frontiersin.org/articles/10.3389/fpsyg.2020.550029/full
García‐Sánchez, I.M., Hussain, N., Martínez‐Ferrero, J. and Ruiz‐Barbadillo, E., (2019). Impact of disclosure and assurance quality of corporate sustainability reports on access to finance. Corporate Social Responsibility and Environmental Management, 26(4), 832-848.
Gnanaweera, K.A.K. and Kunori, N., (2018). Corporate sustainability reporting: Linkage of corporate disclosure information and performance indicators. Cogent Business & Management, 5(1), 1423872.
Ludwig, P. and Sassen, R., (2022). Which internal corporate governance mechanisms drive corporate sustainability?.Journal of Environmental Management, 301, 113780.
Lyon, T.P., Delmas, M.A., Maxwell, J.W., Bansal, P., Chiroleu-Assouline, M., Crifo, P., Durand, R., Gond, J.P., King, A., Lenox, M. and Toffel, M., (2018). CSR needs CPR: Corporate sustainability and politics. California Management Review, 60(4), 5-24.
Oncioiu, I., Petrescu, A.G., Bîlcan, F.R., Petrescu, M., Popescu, D.M. and Anghel, E., (2020). Corporate sustainability reporting and financial performance. Sustainability, 12(10), 4297.
Pazienza, M., Jong, M.D. and Schoenmaker, D., (2022). Clarifying the Concept of Corporate Sustainability and Providing Convergence for Its Definition. Sustainability, 14(13), 7838.
Researchgate.net, (2022), The relationship between corporate social responsibility, financial performance. ResearchGate. https://www.researchgate.net/figure/The-relationship-between-corporate-social-responsibility-financial-performance-and_fig1_275058087
Scirp.org, (2022), A Review of Corporate Social Responsibility and Its Relationship with Customer Satisfaction and Corporate Image. Scirp. https://www.scirp.org/journal/paperinformation.aspx?paperid=115749
Sheehy, B. and Farneti, F., (2021). Corporate social responsibility, sustainability, sustainable development and corporate sustainability: What is the difference, and does it matter?. Sustainability, 13(11), 5965.
Taliento, M., Favino, C. and Netti, A., (2019). Impact of environmental, social, and governance information on economic performance: Evidence of a corporate 'sustainability advantage' from Europe. Sustainability, 11(6), 1738.
Weston, P. and Nnadi, M., (2021). Evaluation of strategic and financial variables of corporate sustainability and ESG policies on corporate finance performance. Journal of Sustainable Finance & Investment, 1-17.
