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The Bucharest Stock Exchange: A Starting Point in Structuring a Valuable CSR Index

Author

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  • Mirela Clementina Panait

    (Department of Cybernetics, Economic Informatics, Finance and Accounting, Petroleum-Gas University of Ploiesti, 100680 Ploiesti, Romania
    Institute of National Economy, Romanian Academy, 010374 Bucharest, Romania)

  • Marian Catalin Voica

    (Department of Cybernetics, Economic Informatics, Finance and Accounting, Petroleum-Gas University of Ploiesti, 100680 Ploiesti, Romania)

  • Eglantina Hysa

    (Department of Economics, Epoka University, 1032 Tirana, Albania)

  • Alfonso Siano

    (Department of Political and Communication Sciences, University of Salerno, 84084 Fisciano, Italy)

  • Maria Palazzo

    (Department of Political and Communication Sciences, University of Salerno, 84084 Fisciano, Italy)

Abstract

The aim of this article was to identify the role and specific mechanisms of the stock exchange in promoting corporate social responsibility (CSR) and CSR communications among companies listed on the Romanian capital market given country membership of the European Union. Taking into account the quality of the Bucharest Stock Exchange (BSE) as a member of the Sustainable Stock Exchanges, as well as BSE’s concerns about promoting CSR, a CSR index was built to capture the specific actions of companies listed on this market. The public companies were considered representative for the promotion of CSR based on their size and other relevant features. The index can be seen by companies that can further develop it, test its validity, and employ it as a tool to reassure investors who will decide to spend their money to buy shares and stocks of organizations ranked in the BSE.

Suggested Citation

  • Mirela Clementina Panait & Marian Catalin Voica & Eglantina Hysa & Alfonso Siano & Maria Palazzo, 2022. "The Bucharest Stock Exchange: A Starting Point in Structuring a Valuable CSR Index," JRFM, MDPI, vol. 15(2), pages 1-14, February.
    • Handle: RePEc:gam:jjrfmx:v:15:y:2022:i:2:p:94-:d:754502
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    References listed on IDEAS

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