Impact Analysis of the Relationship: Intellectual Capital, Performance and Social Responsibility of the Organization

Dalia Simion () and Daniel Tobă ()
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Dalia Simion: University of Craiova
Daniel Tobă: University of Craiova

A chapter in Current Issues in Corporate Social Responsibility, 2018, pp 63-75 from Springer

Abstract: Abstract Profound transformations manifested in the global and complex business environment generated changes in the development strategy of the companies, which understand that achieving a sustainable competitive advantage is based on a competitive workforce and increasing labor productivity is possible through the global development of human capital. The development of knowledgeKnowledge based economy has led to a new general concept, that of intellectual capital. Intellectual capital or its components cannot act individually, but only in tandem with other resourcesResources of the company enabling sustainable value creationValue creation in the future. SustainabilitySustainability is understood as satisfying both economic and non economic interestsInterest of all stakeholders, from shareholders, capital providers and employees up to the entire community. Thus, in recent years, there has been a notable rise in the number of companies implementing social responsibility in their strategy. Intellectual capital and corporate social responsibility have become the most powerful factors determining the firms’ adaptation to the changes of business environment. This paper aims on one hand, to analyze the impact of intellectual capital on company’s performance, seen in financial and non-financial terms, and on the other hand, to analyze the interaction between intellectual capital and social responsibility activities of companies, elaborating a conceptual model that explains the interactions in the trinomial: intellectual capital, performance and social responsibility.

Keywords: Intellectual Capital; Corporate Social Responsibility (CSR); Value creationValue Creation; Economic interestsInterest; employeesEmployees (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:spr:csrchp:978-3-319-70449-4_5

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DOI: 10.1007/978-3-319-70449-4_5

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