Does Corporate Governance Impact Corporate Social Responsibility Activities?

Pop Ruben (), Dumnici Beatrice-Larisa () and Achim Monica Violeta ()
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Pop Ruben: Babes-Bolyai University, Cluj-Napoca, Romania
Dumnici Beatrice-Larisa: Babes-Bolyai University, Cluj-Napoca, Romania
Achim Monica Violeta: Babes-Bolyai University, Cluj-Napoca, Romania

Proceedings of the International Conference on Business Excellence, 2025, vol. 19, issue 1, 3291-3315

Abstract: Corporate social responsibility (CSR) can directly impact a corporation’s reputation. This impact in reputation affects the recognition and group awareness of different types of stakeholders and can have a significant positive impact on corporate performance. Through this research we aim to identify the link between corporate governance and CSR. Regarding the methodology, the data was processed using the Stata 15 program. We plotted the results using the GMM system. The research sample is a group of 532 European public companies. We took into account a period of analysis between 2014 to 2023. The main results of research capture a strong correlation between high corporate governance and engagement in CSR activities. Companies that are currently exempt from reporting ESG activities may find this research interesting. This paper can be useful for stakeholders (banking companies, investors, clients, the state). The participation of companies in social responsibility activities can be greatly beneficial for establishing trust between the company and stakeholders and can also strengthen the sense of responsibility of employees towards companies. Companies required to report under the Corporate Sustainability Reporting Directive: large listed and unlisted European companies that meet at least two of the following three criteria (Annual net turnover > EUR 40 million; Total assets > EUR 20 million; Average number of employees > 250); companies listed on regulated markets in the EU, including listed SMEs, but with some exemptions; non-EU companies that have operations in the EU and that meet the following criterion (Net turnover generated in the EU > EUR 150 million in at least two consecutive years); financial institutions, including banks and insurance companies, whether listed or not; Listed SMEs, with some exceptions.

Keywords: governance; CSR; ESG (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:poicbe:v:19:y:2025:i:1:p:3291-3315:n:1028

DOI: 10.2478/picbe-2025-0252

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