An Exploratory Study Based on a Questionnaire Concerning Green and Sustainable Finance, Corporate Social Responsibility, and Performance: Evidence from the Romanian Business Environment

Cristina Raluca Gh. Popescu and Gheorghe N. Popescu
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Cristina Raluca Gh. Popescu: Faculty of Economics and Business Administration, University of Craiova, A. I. Cuza St. No. 13, 200396 Craiova, Dolj, Romania
Gheorghe N. Popescu: Faculty of Accounting and Management Information Systems, The Bucharest University of Economic Studies, Ion N. Angelescu Building, Piata Romana Nr. 6, Sector 1, 010374 Bucharest, Romania

JRFM, 2019, vol. 12, issue 4, 1-79

Abstract: Green and sustainable finance, corporate social responsibility and financial and non-financial performance are attracting widespread interest due to the challenging times that the business environment is currently facing. Moreover, green and sustainable finance, corporate social responsibility, and intellectual and human capital have become central issues in measuring organizations’ success, competitive advantage and influence on the marketplace. This scientific paper seeks to address the relationship between corporate social responsibility, intellectual capital and performance, providing valuable insights and relevant evidence from a Romanian business environment. The questionnaire method was used for the targeted research objectives, which referred to: (a) Romanian organizations and local community understanding of green and sustainable finance, corporate social responsibility and intellectual capital; (b) corporate social responsibility actions taken by Romanian organizations and the local community; (c) main drivers of corporate social responsibility and intellectual capital in Romanian organizations; and (d) ways to enhance financial and non-financial performance of Romanian organizations with the aid of corporate social responsibility and intellectual capital. The findings support the idea of a strong relationship between corporate social responsibility, intellectual capital and performance in the Romanian business environment. Our work shows that, broadly speaking, Romanian entities operate on a socially responsible level, being aware of the importance and the advantages brought by both corporate social responsibility and intellectual capital when it comes to enhancing profit, productivity and performance. Our results are highly encouraging and may be validated by a larger sample size.

Keywords: green finance; sustainable finance; corporate social responsibility; corporate governance; intellectual capital; innovation; environmental protection; biodiversity; business environment; sustainability; audit; accounting; economic and financial analysis; competitiveness; ethics and integrity; economic performance; social performance; financial performance; performance indicators; questionnaire method; exploratory study; empirical research; statistical association; correlation; nonparametric indicators; causal factors (search for similar items in EconPapers)
JEL-codes: C E F2 F3 G (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (59)

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