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Financial Communication in the Context of Corporate Social Responsibility Growth

Author

Listed:
  • Alexandru Avram

    (West University, Timisoara, Romania)

  • Ana-Cristina Nicolescu

    (West University, Timisoara, Romania)

  • Costin Daniel Avram

    (University of Craiova, Romania)

  • Roxana Loredana Dan

    (West University, Timisoara, Romania)

Abstract

In this paper, we studied the manner in which, at the same time with the growth of companies' corporate 23 At the same time, financial communication has benefited from the emergence of a new communication channel, namely the Internet, which has allowed an unprecedented opening of financial and accounting information towards an extremely diverse audience. Thus, social responsibility and sustainable development have become subjects extensively addressed in the specialized literature, focusing on three main directions: environmental protection, social responsibility of companies and sustainable economic development, all under the attention of a public that has grown exponentially with the help of easy access to information via the Internet. Given the increasing access of the population to the Internet, we intend to study to what extent the concerns of corporations to increase the corporate governance index, along with the high level of R & D expenditures produce concrete effects on Biodiesel production, recycling and waste measured in kg / capita as essential components of the bio-economy. Using a model of Autoregressive Panel Vector type (PVAR), we have identified the relations that develop between the increasing access to internet of the population and the increase of corporate governance index and level of R&D expenditures on recycling, waste and production of biodiesel in the European Union.

Suggested Citation

  • Alexandru Avram & Ana-Cristina Nicolescu & Costin Daniel Avram & Roxana Loredana Dan, 2019. "Financial Communication in the Context of Corporate Social Responsibility Growth," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 21(52), pages 623-623, August.
    • Handle: RePEc:aes:amfeco:v:21:y:2019:i:52:p:623
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    References listed on IDEAS

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    8. Art Durnev & E. Han Kim, 2005. "To Steal or Not to Steal: Firm Attributes, Legal Environment, and Valuation," Journal of Finance, American Finance Association, vol. 60(3), pages 1461-1493, June.
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    Cited by:

    1. Zili Zhang & Rong Zheng, 2020. "The Impact of Cigarette Excise Tax Increases on Regular Drinking Behavior: Evidence from China," IJERPH, MDPI, vol. 17(9), pages 1-12, May.
    2. Abdelmajid Hmaittane & Jean-Pierre Gueyie & Mohamed Mnasri & Hayat El Guengue, 2023. "Do Lenders Value a Corporate Sustainability Structure?—Evidence from the Cost of Bank Loans," Sustainability, MDPI, vol. 15(6), pages 1-18, March.

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    More about this item

    Keywords

    financial communication; social responsibility; Corporate Governance Index; Internet access; recycling; waste.;
    All these keywords.

    JEL classification:

    • D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility
    • Q53 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Air Pollution; Water Pollution; Noise; Hazardous Waste; Solid Waste; Recycling

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