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Managerial Implications Of The Academic Debate On Corporate Social Responsibility And Company Performance

Author

Listed:
  • Alexandra HOROBET

    (Bucharest University of Economic Studies, 6 Piata Romana, Bucharest - 1, Romania)

  • Lucian BELASCU

    (Lucian Blaga University of Sibiu, 17 Calea Dumbravii, Sibiu, Romania)

Abstract

This paper presents the authors’ views on the meaning of the academic debate highlighted by the corporate social responsibility (CSR) literature about the strategy and efficient management of companies. In the last years, the number of academic contributions on the relationship between the CSR and financial performance has significantly grown, being either theoretical, offering plausible explanations regarding this relationship, according to the economic theory, either empirical, by using various statistical-econometric models. In our opinion, the results reached through this debate, the majority showing a positive relationship between the social and financial performance of the company, should result in the change of the management behavior of companies, by the acknowledgement of CSR as a policy which is a strategic internal resource, capable of generating competitive advantages for the company.

Suggested Citation

  • Alexandra HOROBET & Lucian BELASCU, 2012. "Managerial Implications Of The Academic Debate On Corporate Social Responsibility And Company Performance," Review of Economic and Business Studies, Alexandru Ioan Cuza University, Faculty of Economics and Business Administration, issue 10, pages 11-17, December.
    • Handle: RePEc:aic:revebs:y:2012:i:10:horobeta
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    References listed on IDEAS

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    1. Williamson, Oliver E., 1992. "Markets, hierarchies, and the modern corporation: An unfolding perspective," Journal of Economic Behavior & Organization, Elsevier, vol. 17(3), pages 335-352, May.
    2. Freeman, R. Edward, 1994. "The Politics of Stakeholder Theory: Some Future Directions1," Business Ethics Quarterly, Cambridge University Press, vol. 4(4), pages 409-421, October.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    corporate social responsibility; firm performance; management; corporate strategy; competitive advantages;
    All these keywords.

    JEL classification:

    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility
    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance

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