Models of dependancies between economic development and corporate social responsibility

Timothy Lee (), Gabriela Cecilia Stanciulescu (), Magdalena Bunghez and Camelia Grozea
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Timothy Lee: University of Queensland, Australia
Gabriela Cecilia Stanciulescu: Bucharest Academy of Economic Studies, Romania
Magdalena Bunghez: Bucharest Academy of Economic Studies, Romania

CACTUS - The Tourism Journal for Research, Education, Culture and Soul, 2011, vol. 4, issue 1

Abstract: In the current context of the economic-financial crisis, corporate social responsibility represents a bridge for the harmonization of the interests of all stakeholders on the economic-social scene. The article is focused on two main objectives. The first goal was to point out the existent dependences between the general economic growth, corporations and stakeholders, through the corporate social responsibility. These dependencies are reflected in international principles and behavioural models (UN Global Compact Management Model, The Blueprint for Corporate Sustainability, CAUX principles) proposed by the European Community and the international organisations UN Global Compact and OECD. The second objective is to carry out an analysis model in main components and a hierarchical classification which has confirmed moreover that the large economic powers are the cause and explanation of their involvement in the principles of social responsibility. This article points out the implementation level of the principles of corporate social responsibility in Romanian. The characteristic is the involvement of most of the companies especially in donations and sponsorships. The economic-financial crisis has led to the movement of the accent towards partnerships based on entrepreneurship, especially in what the relation between the companies and non-governmental organisations are concerned, in order to provide funds and to take employees in voluntary actions.

Keywords: Transnational society; Corporate Social Responsibility (CSR); Analysis models in the main components (search for similar items in EconPapers)
JEL-codes: C54 F23 M14 (search for similar items in EconPapers)
Date: 2011
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