The Incidence of Social Responsibility in the Adoption of Business Practices

Felipe Arenas-Torres, Miguel Bustamante-Ubilla and Roberto Campos-Troncoso
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Felipe Arenas-Torres: Centro de Investigación y Estudios Contables, Faculty of Business and Economics, Universidad de Talca, Talca 3460000, Chile
Miguel Bustamante-Ubilla: Faculty of Business and Economics, Universidad de Talca, Talca 3460000, Chile
Roberto Campos-Troncoso: Centro de Investigación y Estudios Contables, Faculty of Business and Economics, Universidad de Talca, Talca 3460000, Chile

Sustainability, 2021, vol. 13, issue 5, 1-14

Abstract: Corporate social responsibility (CSR) policies are evidenced by adopting socially relevant business practices for people, communities, companies, and related institutions. Based on this conception, the present work determines the incidence of ethics and CSR on practices regarding diversity, environment, and community of Chilean companies. The method, applied to a sample of 3179 Chilean companies, was descriptive and correlational. Results demonstrate an incipient level of standardization in the adoption of social responsibility practices. The dimension regarding diversity presented a higher cumulative correlation coefficient, which could lead to a change in CSR practices. It is concluded that the collective impact of the ethics and CSR policies was positive and significant in the adoption of practices related to diversity, environment, and community.

Keywords: corporate social responsibility; policies; diversity; inclusion (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (8)

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