Corporate Social Responsability: An Overview

Andra Modreanu (), Gabriela Nicoleta Andrisan () and Maria-Alexandra Sarbu ()
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Andra Modreanu: University of Southampton
Gabriela Nicoleta Andrisan: University of Aberdeen
Maria-Alexandra Sarbu: The Bucharest University of Economic Studies

Ovidius University Annals, Economic Sciences Series, 2021, vol. XXI, issue 1, 359-368

Abstract: Nowadays, companies may benefit from the opportunity of developing and growing in a new business environment which is based on principles such as common wellbeing and welfare, sustainability and durability. Competitive advantage and economic and social growth may be perceived as benefits promised by a CSR business approach. The concept may be described as a trend from the economic sphere which may help organizations to survive and achieve objectives by doing good, being ethical, legal, philanthropic, willing to educate others, support and sustain the environment, society and next generations. The paper aims to present a conceptual framework that can be used to define CSR. The research methodology was based on the collection and analysis of secondary data, respectively scientific articles, and relevant books for the subject. The results outline the idea of what CSR is and how it can positively impact the business environment.

Keywords: CSR; stakeholders; Caroll’s pyramid; social contract; society (search for similar items in EconPapers)
JEL-codes: D64 I3 M14 (search for similar items in EconPapers)
Date: 2021
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