The Role of Social Responsibility and Ethics in Employees’ Wellbeing

Claudiu George Bocean, Michael Marian Nicolescu, Marian Cazacu and Simona Dumitriu
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Claudiu George Bocean: Department of Management, Marketing and Business Administration, Faculty of Economics and Business Administration, University of Craiova, 13 AI Cuza Street, 200585 Craiova, Romania
Michael Marian Nicolescu: Doctoral School, University of Craiova, 13 AI Cuza Street, 200585 Craiova, Romania
Marian Cazacu: Doctoral School, University of Craiova, 13 AI Cuza Street, 200585 Craiova, Romania
Simona Dumitriu: Doctoral School, University of Craiova, 13 AI Cuza Street, 200585 Craiova, Romania

IJERPH, 2022, vol. 19, issue 14, 1-15

Abstract: Social responsibility (SR) is a concept or practice by which organizations take into account the interest of society by taking responsibility for the impact of their activities on all stakeholders. The SR of organizations implies ethical behavior concerning all stakeholders and a company’s commitment to the sustainable economic development of society. Organizational ethics is a set of written and unwritten codes of principles and values that govern decisions and actions within an organization. Ethics has a rather internal perspective, while social responsibility has a rather external perspective. This study examines the impact of social responsibility and organizational ethics on employees’ wellbeing. To perform the empirical analysis, we conducted a survey among 423 employees from Romanian organizations. Using the structural equation modeling, we analyzed the relationships between social responsibility, organizational ethics, and employees’ wellbeing, emphasizing the positive impact of ethical and responsible behavior of the organization on the employees’ wellbeing. The organization’s employees play a dual role: firstly, they are all internal stakeholders, and secondly, they are constituents of an external stakeholder essential for the organization—the community. The results show a significant positive influence of social responsibility and organizational ethics on employees’ wellbeing as a result of a responsible and ethical behavior in relation to the organizational stakeholders.

Keywords: social responsibility; organizational ethics; wellbeing; employees; community; structural equation modeling (search for similar items in EconPapers)
JEL-codes: I I1 I3 Q Q5 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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