Legal or Discretionary CSR: The Directive 2014/95/EU Analysis

Frecea Georgiana-Loredana ()
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Frecea Georgiana-Loredana: The Bucharest University of Economic Studies

Ovidius University Annals, Economic Sciences Series, 2018, vol. XVIII, issue 1, 17-21

Abstract: The corporate social responsibility concept has suffered various interpretations and changes inthe understanding of its voluntary nature, including some corporate functions in the legal sphereand introducing the mandatory CSR disclosure for certain groups of organizations. One of themost significant result in the CSR communication was trained by the achievement of the EUDirective which requires large undertakings functioning as public-interest entities to report on anon-financial basis. This paper addresses the legal context of developing the CSR understandingand the reporting issues in the international framework through a comparative analysis with thenational constraints in Romania, in order to discriminate between the mandatory and thediscretionary CSR characteristics. The identified particularities refer to the connection between theeconomic, the social and the environmental responsibility, describing the CSR implementation in astrong association with the legislative power and a shadowing effect of the authentic CSRvoluntary construction.

Keywords: corporate social responsibility; legal; discretionary (search for similar items in EconPapers)
JEL-codes: K3 M14 (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xviii:y:2018:i:1:p:17-21

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