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Growth of corporate social responsibility as a sustainable business strategy in difficult financial times

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  • Alan D. Smith

Abstract

Corporate social responsibility (CSR) has become such an important concept that in some situations, it is soon to be required by law that publicly listed companies disclose ethical, social and environmental risks in its annual report. An example of CSR is the growing implementation green buildings, which are not only environmentally friendly, but also using the environment to benefit the company's corporate reputation through the use of the resource-based view business strategy. Within this article, detailed aspects of CSR-based initiatives are intertwined with corporate culture, transparency, lack of trust in business and the Sarbanes-Oxley experience, as well as Pittsburgh, PA examples of companies utilising green-building technologies.

Suggested Citation

  • Alan D. Smith, 2010. "Growth of corporate social responsibility as a sustainable business strategy in difficult financial times," International Journal of Sustainable Economy, Inderscience Enterprises Ltd, vol. 2(1), pages 59-79.
    • Handle: RePEc:ids:ijsuse:v:2:y:2010:i:1:p:59-79
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    Citations

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    Cited by:

    1. Ma Ying & Gashaw Awoke Tikuye & He Shan, 2021. "Impacts of Firm Performance on Corporate Social Responsibility Practices: The Mediation Role of Corporate Governance in Ethiopia Corporate Business," Sustainability, MDPI, vol. 13(17), pages 1-21, August.
    2. Gupta, Suraksha & Kumar, V., 2013. "Sustainability as corporate culture of a brand for superior performance," Journal of World Business, Elsevier, vol. 48(3), pages 311-320.
    3. Pietro Moncada-Paterno-Castello & Peter Voigt & Marco Vivarelli, 2011. "Evolution of Globalised business R&D: Features, drivers, impacts," JRC Working Papers on Corporate R&D and Innovation 2011-02, Joint Research Centre.
    4. Aleksandra Pieloch-Babiarz & Anna Misztal & Magdalena Kowalska, 2021. "An impact of macroeconomic stabilization on the sustainable development of manufacturing enterprises: the case of Central and Eastern European Countries," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 23(6), pages 8669-8698, June.

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